Which e-wallet to choose?

An electronic wallet is a system that was created to receive and store funds, as well as non-cash payments. Often users are confused about which electronic wallet is better to choose and whether to trust the virtual money system at all.

Despite the fact that settlement transactions are carried out via the Internet, electronic wallets - a reliable way to carry out monetary transactions. Such services are registered as enterprises and are responsible for their work along with banks.

 What are the differences between electronic wallets?

To decide whether you need an electronic wallet which is better to choose, you need to understand what their main features and differences are. You also need to decide which criteria for the operation of such a system are most important to you.

• Commission. Various wallets set their own commission on monetary transactions carried out within the framework of the service. If the electronic wallet will serve as a tool for regular transactions with funds, then it is better to stop at a system that offers a minimum commission.
• Type of currency. When choosing a system, it is worth considering the types of currencies that the electronic wallet supports. There are wallets that work with only one type of currency, and it is not certain that it will suit you.
• Replenishment. Different systems offer the types of wallet replenishment available within its framework. This can be replenishment through the terminal, using a bank account, phone, etc. When choosing an electronic wallet, you need to consider how convenient the available options for replenishing it will be for you.
• Reliability. When opening an electronic wallet, the client wants to be calm about his personal data and money, this should be one of the primary tasks for such services. The most reliable are those electronic wallets that cooperate with large companies.
• Withdrawal. Various systems offer their options for cashing out funds. Such options may be transferring money to bank accounts, telephone, mail or receiving funds using an ATM (if you have a card of this system).

Which e-wallet is better to choose: the most popular e-wallets

WebMoney

This service is the most famous, as it has been on the market for almost twenty years. WebMoney works with various types of currencies, and also allows you to change the currency within the system. Using WebMoney, you can pay on any service that supports electronic money transfer.

The commission of the system is low and amounts to about 0,8%, while it cannot be lower than 0,001 WM (the internal currency of the service).

Registering for WebMoney is easy, it can be done remotely, you just need to send a photo or a scanned version of your passport to the system.

This service is very reliable and allows the client to choose the level of security for any operations that are carried out in an electronic wallet.

QIWI

The Qiwi Wallet system appeared on the market about ten years ago and is becoming more and more popular every day. One of the main advantages of this e-wallet is that it is very easy to work with it. All you need to register or manipulate your funds is a phone number.

The system supports different types of currencies, and to simplify the withdrawal of money from the wallet, you can order a Qiwi plastic card and pay with it offline. When withdrawing funds, the service will remove a commission of 2%.

Yandex

This service began its work about 15 years ago and, like the search engine itself, is designed mainly for the Russian audience. An electronic wallet supports only one currency - the Russian ruble, so you need to immediately pay attention to whether this option suits you.

Yandex.Money is an easy-to-understand and use resource in which you can carry out various operations with money. You can cash out money using a transfer to a bank account, as well as directly through a Yandex.Money plastic card, the service allows you to issue it for free.

The commission for withdrawing funds is 3% of the amount, for transferring to another electronic wallet - 0,5%.

PayPal

One of the most powerful payment services operating on the international market has been in existence for 20 years. Some marketplaces work predominantly with this system, as it has proven to be reliable and easy to manage. In addition, Paypal works with a large number of currencies.

In the CIS countries, Paypal is not yet as popular as, for example, WebMoney, but the service is gradually becoming known in our country.

When registering, the client will be asked to link a bank account to the wallet, in the future the withdrawal of funds will be available only to the confirmed account number. The commission for making monetary transactions ranges from 2,9% to 3,9%.

Perfect Money

The system has been on the market for about ten years, more often used in the foreign market.

When registering, it connects an electronic wallet with mail or a mobile phone.

The service supports several currencies: euro, dollar, or measure funds at the price of gold. When withdrawing money, a commission of 1,5% is charged.

Instead of the total

Electronic money transactions systems allow you to keep up with the times and quickly carry out any manipulations with funds without leaving your home. These services operate constantly and virtually without interruption, which greatly simplifies the system of payment for the work of all who work using the network. Also, e-wallets make it easier to make purchases from foreign sites, which was difficult when using traditional bank accounts.

In order to make working with the e-wallet system comfortable, you need to register in the system, whose working conditions will fully meet the needs of the client, and only after that, feel free to start using it.

Best regards, Money Hunters.