ewallets (or online wallets) are still gaining in popularity. This is for good reasons because there are quite some nice advantages in having one. You have probably heard of Neteller, Skrill and Paypal and if you don’t have one yet, now could be a good moment to change this.
The perks of your own Ewallet
- Lower Costs:
Employing the use of digital wallets removes the need for intermediaries, in a variety of forms. Purchases in-store may no longer require a cashier because the purchasing process becomes as simple as a tap or scan of a mobile device. Applications like Square can replace expensive POS (point of sale) systems that will reduce transaction costs for the business.
- Competitive Advantage:
Digital wallet applications provide a more convenient transaction processing method for customers, giving businesses that employ this technology a competitive edge in the market. It redefines the user experience of paying and incorporates a novelty aspect to each purchase.
- Quick and easy:
It is easy to open and account that is connected to your email address. Ideal for sending money to bookmakers and online casinos. Sending money is free and immediate, also it allows you to use your money in different currencies.
- Ewallet creditcard
Yes, that’s right. Even if you can’t have a normal creditcard, you can still have a Mastercard creditcard connected to your ewallet. So you have the best of both worlds!
So after reading these advantages, we can imagine that your are wondering if there are any disadvantages in having an ewallet. Well, there are, but we don’t think the disadvantages outweigh the advantages. But you can be the judge of this.
Disadvantages of the Ewallet
- Support Technology:
Not all ewallets get accepted by online brands and stores. Fortunately the amount of business accepting ewallets keeps growing rapidly and especially online bookmakers and casinos all accept the most popular ewallets out there.
- System Outages:
Information for digital wallets are stored on the cloud of business servers; therefore, the risk of a system malfunction or shut down is always present. As a result, businesses will not be able to process payments or they will become increasingly slow due to high traffic in the servers.
Companies must ensure that their customers’ information is encrypted and well protected. One of the biggest concerns of adopting a digital wallet application is “will my information be safe”? This is the hurdle that companies must face and as a result, must develop security systems that are as safe and full proof as possible to avoid potential security issues.
So there you have it. If you are looking for a fast and reliable way to do your online payments, especially in online casinos, then an ewallet is the solution for you. We are big fans of Neteller and Skrill. They also offer you a creditcard and all kind of extras like the big creditcard companies do.
Ready to sign up? Click one of the logos below and experience the speed and convenience of your own ewallet!
Neteller (1999) is an e-money/e-wallet service owned and operated by publicly traded British global payments company Paysafe Group Plc. The Neteller service is used to transfer money to and from merchants, such as forex trading firms, social networks firms, and can withdraw funds directly using the Net+ card or transfer the balance to their own bank accounts.
Skrill (formerly Moneybookers, 2001) is an e-commerce business that allows payments and money transfers to be made through the Internet, with a focus on low-cost international money transfers. It is owned and operated by Skrill Limited, a UK-based company registered as a Money Service Business with Her Majesty’s Revenue and Customs, regulated by the Financial Conduct Authority and licensed to operate within the European Union.