eWallets - Safe and secure new payment methods
The way we make and receive payments is evolving and retailers are recognising this. Admittedly, entering our financial information into websites or storing card details on our phones can leave us feeling exposed. However, safe and secure eWallets are using advanced technological systems making digital payments the safest and most convenient option. Let us take a look at electronic payment methods.
PayPal
Paypal is not only a convenient payment method since you do not have to enter your financial information on multiple websites. Using a system linking directly to your bank account, PayPal processes payments instantly. Your banking information remains in your eWallet and isn’t shared to vendors, reducing risk of fraud.
When to use
Paypal is recognised globally and can be used to make payments on multiple internet-based companies from online casinos, to global marketplaces such as Amazon and Ebay. Using Paypal to facilitate payments may earn you perks such as casino free spins
Cryptocurrency
Cryptocurrency is a virtual currency created in 2009 and made world famous by the introduction of the first cryptocurrency, Bitcoin. This payment method provides complete anonymity and security because initiating a purchase only requires your private code. Unregulated by government or financial institution your data is completely retained.
When to use
An almost hack-proof currency, Crypto offers complete security and can be used to purchase anything online from gambling, to a trip abroad. Relatively new, Crypto is being rolled out across more businesses.
Google Pay
Google pay is a contactless payment method using bank cards registered to your Google account. Google uses encrypted data security to keep your information safe and work similarly to banking processes. Before using this Google pay, you will also be required to set additional security feature to your phone.
When to use
Google pay is a convenient payment method for Android smartphone users via an app. Use this digital wallet to play on mobile casino slots and the millions of retailers accepting mobile payments.
Apple Pay
Like Google Pay, Apple Pay is a digital contactless mobile payments service which uses a “tokenisation” system in order to keep you safe. Rather than store your card details on the phone, this system generates a random number for use. Your fingerprint is required to initiate purchases using Apple Pay limiting risk to identity theft.
When to use
Apple Pay can be used by Apple smartphone users who have an I-Phone 6 and above. Payments can be made by the millions of retailers supporting the Apple Pay platform.
Skrill
Skrill was initially created as an alternative payment options to collect gambling wins. Evolving since then, Skrill is now an electronic payment system recognised globally. Using the same the same system as PayPal your information is never shared when purchases are made.
When to use
This payment method is convenient enough to be used on multiple websites and needs only an e-mail address and password. Skrill is recognised globally offering freedom to be used on a variety of sites.
Neteller
The mechanism of this e-wallet works very similarly to Skrill in that Neteller is linked your bank. When it comes to security, Neteller uses standard SSL encryption and two- way authentication designed to keep you incredibly safe.
When to use
Many gambling companies were previously partnered using this payment method but now it can be used in over 100 countries on a range of websites to purchase anything your heart desires.
Change, although scary to begin with, is a great thing. Whether it’s using encrypted security or using virtual currencies, developers have revolutionised the way we make and receive payments. In terms of making payments we have nothing to fear. These eWallets have been created with safety and security in mind.
