It was about time that an e-commerce payment competitor was created to give PayPal a run for its money. Visa Checkout launched this past Wednesday. It gives customers "a secure way for consumers to purchase items without having to re-enter their credit card information for each new site," according to Fast Company. Making online purchases more seamless, which essentially means less time at checkout, this e-commerce payment competitor is the next step for credit cards.
Although created by Visa, the Checkout e-commerce payment competitor works MasterCard, Discover and American Express cards in order to provide an added layer of security. With 180 financial institutions and a growing list of retailers under its belt, Visa Checkout is doubly beneficial since merchants aren't charged additional fees aside from the ones they are already used to.