e transfer Payday loans are secure in terms of technical security in the digital world. Yes, payday advances are rather safe when it comes to technical security. The borrower is responsible for financial responsibility. It is financially sound if you know you will be able to repay the money promptly, without putting yourself in financial difficulty. However, if you can’t, the high APR and steep fees involved with a default may put you into a vicious cycle of debt. In other words, only take out a payday loan if you are confident that you will be able to repay.