If we look back, we realize that the method of paying for items once involved hand-to-hand transfer. If one ran out of cash, there was no way to instantly get the money needed. This used to cause many problems, as carrying large sums of money was always a tension due to thieves. But with the introduction of online payment gateways, this problem has been largely alleviated. Now, one can access their bank account using personalized credentials at any time and use online money transfer services to make purchases. More information about these payment portals and gateways is given below:Say no to plagiarism. Get a Custom Essay on “Why Violent Video Games Should Not Be Banned”?Get an Original EssayHow did it all begin?Electronic payment portals came into existence mainly due to the World Wide Web. In the 90s, the innovation and invention of online payment services revolutionized the world. Stanford Federal Credit Union was the first financial institution to allow net banking. But the process was so complicated that only professional coders could use this feature. Not very enterprising, is it? Later the process was simplified a bit, but it required additional software and knowledge. This no longer went down well with many. At the start of the millennium, the number of cell phones increased around the world. These mobile phones were then able to access internet facilities, which opened up new possibilities for online payment services. Soon, mobile applications were created to perform online banking and other money transfers. We could also see the line between offline and online money transfers blurring. There are now many online money transfer services to choose from. Why pay online? When the concept of online payment gateways was first mentioned, people were worried and they had real reasons to be. As it is a new concept, there was no sense of ease and security associated with it. But now times have changed. High security encryptions are provided at each end of your transaction and are responsible for your security and secrecy. Safety is not compromised under normal conditions and is very effective. The main advantage of using online payment services is that you do not need to visit your bank. Wherever you are, connect your cell phone to a secure network and you're ready to go! It is like a portable bank and can perform almost all the functions of a bank. Ease of use, portability and security add to the reasons for making money transfers online. Do I have to be tech savvy to pay online? If you had lived in the late 90s or early 2000s, the answer would have been yes. By now, if you can click the right buttons, you're pretty much ready to pay online. Here are some steps to follow when using online payment gateways. First of all, you need to have a safe and secure internet connection. Never try to use the free and open internet provided in restaurants and cafes for your payments. Also, if you don't have Internet access and are considering connecting to a portable hotspot, make sure it is created by someone you know and trust. $1000.