E-wallets, like bank cards, are electronic payment methods. Alternative to coins and banknotes. With the help of such wallets, you can send and receive money transfers and pay for goods and services.
Benefits of using E-wallets
- When sending/receiving money and paying for goods and services, you have the right not to use either cash or a bank account
- Transfers between wallets are instant
- Many systems allow transactions in different currencies
- You can create a wallet specifically for online payments and put the required amount on it right before transferring to the seller, which is much safer than paying with a card with a large limit
- You do not need to indicate your card number, its expiration date and secret code, which means that fraudsters will not be able to access your bank account. Some electronic wallets offer to link a bank card to them, but secrecy will not decrease. Card details are not used when paying, they will remain secret for the seller.
