Payment Methods

5 Different Futuristic Payment Methods

If you were born before the year 2000, you probably remember a time when you needed cash to do anything. In recent years, credit cards have become the new norm, with mobile payments also gaining popularity.

But what will payment methods look like beyond those of the near future?

This article compiled a list of some of the new and upcoming online payment methods in this article. Some of these aren’t surprising, given current tech trends, while others sound like something straight out of a science fiction movie.

So what are they?

Keep reading to learn about five digital payment services that you’ll want to keep an eye on in the future.

  1. Facial Recognition

Most people who have an iPhone are familiar with Face ID—but what if you could take that technology and apply it to other areas of life?

Samsung is trying to make paying with your face reality for all. The tech giant is researching how to mix facial and eye detection to make payments faster, more accurate, and more secure than ever before.

Imagine just having to look at a sensor in the grocery store line to make a payment!

  1. Biometric Recognition

Facial recognition is great, but it’s not always convenient in the era of COVID-19. Luckily, developers across the world are also working to popularize biometric recognition.

In that sort of system, all you need to do is hold your hand over a scanner to make a payment. This keeps you from even having to think about pulling out your wallet or purse.

  1. Pay With Your Sunglasses

If you want to check out of a store and look cool while doing so, you might want to follow Visa’s new payment-enabled sunglasses.

These are exactly what they sound like—functional sunglasses that you tap on a Visa terminal to make a payment. These aren’t on the market yet, but Visa promises to add them if the demand appears to be strong enough.

  1. In-Vehicle Payments

Getting out of your car to fill up your gas tank is always a miserable affair—especially in cold weather. But what if you didn’t have to get out at all?

Companies like Visa and Honda are working to make in-vehicle payments a reality. This lets you connect to the web in your car and then pay, all without ever opening the door.

  1. Reloadable Cards

Reloadable cards are a form of payment that’s already on the market, but that becomes more and more popular each year.

As their name suggests, they allow you to add money to them after their balance reaches zero. This makes them a convenient way to spend the money you need without going over budget.

Don’t confuse them with P Cards!

Take Advantage of the Latest and Greatest Payment Methods

As technology continues to advance, the payment methods we use for transactions change with the times.

Some of the digital payment services mentioned in this guide are in development, while others already exist. If you’re tired of using cash, or even credit cards, make sure to stay up to date with their development.

Are you looking for more tech articles? If so, don’t forget to check out some of the other posts on our site.

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