An e-wallet is a convenient and affordable tool for making payment transactions. It is used to pay for services, transfer money to other accounts, exchange currency, arrange loans with relatively low fees, and store money electronically outside the banking system.
Nowadays, electronic wallets have become commonplace and the number of online wallets is only increasing year by year. Wallets can be both in the currency of your country, and in foreign currencies, and of course crypto-wallets have special demand. Every cash-wallet has similar features except for some options. It is these options that determine the usability and security of the wallet.
How to choose an e-wallet?
Digital wallets are designed for the convenience of the user. They can be used to store funds, carry out various transactions with lower fees than banking institutions, and in some cases even maintain personal anonymity. The choice of a wallet depends primarily on the specific needs and goals for its use.
To choose an e-wallet, be specific about your needs and how you intend to use it. After that it is better to acquaint yourself with options and conditions on each of variants of e-wallets. Below are the items you should pay attention to first.
- Geography of payments: The system should work in the countries/regions in which you intend to make payments.
- Fees and commissions: Check the fees for all transaction options in the selected wallet.
- Withdrawal of funds: check how to withdraw funds, whether it can be transferred to your bank account.
- Acceptable transactions: find out more about what services the platform offers, whether transfers are possible from banks or other wallets, whether it is possible to pay for goods/services and on what sites.
- Ease and speed of opening a wallet: clarify the procedure of creating a wallet, whether it can be done without any difficulties, how long it will take and if the verification procedure is not difficult (find out what documents may be required).
Just a few points to help you choose the best option for your use. Of course, a not insignificant point is the choice of wallet currency. But today there are universal multi-currency wallets that can easily solve this problem. They allow you to store funds in several currencies in a single wallet.
Ranking of the best emoney wallets for 2022
As you have already realised, an e-wallet is started based on the owner’s needs. Once you’ve decided on the type of online wallet, it’s up to you to choose the right one. To make this task easier we have compiled a ranking of the best wallets 2022 below.
PAYEER
The wallet has been active since 2012 and is available in more than 200 countries. This wallet does not limit users’ operations (there are no limits), offers a huge number of deposit methods (over 150), and at the same time has a low, almost zero commission. Moreover PAYEER does not require any verification, as it is absolutely anonymous. More than 15 million people entrust their funds to this wallet!
SKRILL
A popular online wallet among Europeans (over 30 million users). With it you can be absolutely sure that your funds are safe, and it is regulated by the UK FCA. The service uses advanced data protection and anti-fraud technologies. Commissions and other fees are absolutely transparent, and receiving funds is commission-free. There are more than 100 ways to fund your account. By the way, the wallet has an app for IOS and Android, which makes using the wallet even easier. Also it allows you to pay on ebay.
ADVCASH
This is one example of a universal multi-currency wallet that allows instant money transfers to more than 200 countries. This e-wallet offers several convenient ways to deposit and withdraw currency. Moreover, all payments inside the system are commission-free. The plastic and virtual card of this system can be used anywhere in the world, including for cash withdrawal!
Perfect Money
This payment system has been in operation since 2007. The official website of this wallet supports 23 languages, and the high level of customer service only reinforces the high level of customer focus. The verified users of this wallet can conduct operations with minimal commissions and receive an interest on the rest of funds at the end of each month. Besides, in Perfect Money it is possible not only to carry out settlement operations or money transfers, but also to buy fiat, digital currencies and precious metals.
PayPal
An electronic wallet used by more than 30 million people around the world to transfer money to loved ones, pay for services and make purchases online. Incidentally, this payment system is often used for business. Client protection program decreases risks of being cheated to 0. For this reason it is the most comfortable service for commercial payments and freelancers. This wallet works in more than 200 countries!
The outcome
So which is the best electronic wallet? It’s hard to answer, and it’s best to decide for yourself. And our recommendations above will help you make your choice as quickly and correctly as possible. Take into account your needs, wallet functionality and currency preference.
