Why E-Wallets Are Blooming All Over the World

With a digital wallet, or better known as an E-Wallet, people get the chance to easily send and receive money – that’s the main principle. 

Users don’t even need an account connection for this, instead E-Wallets such as PayPal, Skrill and Neteller work with an e-mail address and personal login information. 

Payments can be made in real time and sent to friends or online stores and other service providers. In this article, we’ll tackle what E-Wallets are and why they’re blooming all over the internet. 

E-Wallets at First Glance

Probably the most important E-Wallets on the current online market are PayPal, Neteller, and Skrill. Payments can be made privately or for business. Various online stores now accept this means of payment – with South Africa Casinos playing a major role.

Skrill, Neteller, Rapid Transfer (you need a Skrill account to process payments via Rapid Transfer), and local E-Wallets are incredibly popular. Neteller is also part of the good tone in many online casinos, given that it’s conceivably easy, uncomplicated, and quick to transfer funds. Plus, the payment methods are also available for withdrawals and refunds, which makes them very attractive for online users.

To start using these E-Wallets, simply create an account and enter your bank details to link the account with your bank. Afterward, you’ll be able to transfer the desired amounts automatically from your regular account. 

The E-Wallet Advantages

PayPal and Co. protect your data because they function as a middleman. When you use the payment method in an online store or even online casino, you don’t have to provide any account data to the operator. Instead, only the E-Wallet data is required, under which again your account is stored. 

The operator does not receive any sensitive data, and you are even redirected to the E-Wallet before making any payment. Thanks to 2-factor authentication, you are additionally protected and have to confirm each transaction twice.

On top of that, E-Wallets offer instant payments. If you end up using an E-Wallet in an online store you get your goods quickly, because the money gets transferred immediately. You can also get your money back if delivery is not handled properly.

The last advantage almost goes without saying, but should not go unmentioned: E-Wallets are modern payment solutions, aiming for mobile devices. This way, you always have transfers in view wherever you are and can initiate quick transactions at any time.

Credit Cards with Skrill and Neteller

Skrill and Neteller are two companies that people like to lump together. Besides, Skrill is not only an E-Wallet, but also offers a prepaid MasterCard. Neteller also has this option up its sleeve. 

Skrill and Neteller actually both belong to the same family, so accordingly, there are many other similarities. Fees are similar and payment transactions are also based on the same principle. The cheaper choice is Neteller. For credit cards, Skrill is the better one.

Thus, both payment methods have individual advantages and disadvantages. However, receiving and sending money works quickly and smoothly with both Skrill and Neteller. 

Conclusion: E-Wallets Are Here to Stay

They come in different looks and designs, but they all have one thing in common: E-Wallets are fast, secure and uncomplicated. They can be used online and, in some cases, even offline. 

While most people out there have been using PayPal for a long time, some new entries to the digital wallet universe are becoming an online phenomenon. In any case, E-Wallets are here to stay. Which one you choose depends on your needs and usage requirements.