What is an eWallet and Why Use It
What is an eWallet: eWallets have become an awesome choice to bank cards. They can be used to make money online, make virtual transfers, and pay for purchases. Everyone can register wallets for free in several payment systems at once.
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This is a virtual cell for storing money. Each such cell has a unique digital identifier and can belong to one person. A wallet can hold money in one or more currencies. The turnover of budgets from e-payment systems occurs virtually. The owner of the wallet can withdraw his money to a bank card at any time or receive it in cash at points of issue.
Also check: Deposit and Withdraw Funds using eWallets
Benefits of using electronic money
- Access to the wallet from anywhere in the globe. Electronic systems are not tied to a specific country and can be used by citizens of different countries.
- Free creation of a wallet, no commission for its maintenance. You can not use your wallet or remember about it once a year, while the system will not charge any fees.
- All wallet management processes are performed online. To create, identify, replenish and withdraw, you do not need to visit the office.
- Instant crediting of funds when withdrawing or transferring to another wallet. Any day, including weekends and holidays.
- The ability to pay for goods and services to residents of different countries.
- Minimum commission for transfers and withdrawals.
- Highly secure, absolute confidentiality of private data.
More on What Is An eWallet, compared to banks, electronic money has clear advantages. For example, when paying online, you do not need to enter personal data, as is done with bank cards. When paying with electronic currency, it is enough to enter the wallet number and the confirmation code of the mobile operator.
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