The site may turn out to be fake, and then scammers can easily steal all the money from a bank account or even from deposits and piggy banks. When we make a payment on the Internet, for example, when we buy something in an online store, we enter our card details.There is no cardinal difference between these payment methods (bank accounts and digital wallets) except for some points. Differences between electronic wallets and bank accounts In addition, the e-wallet commission can be less, and transfers are instantaneous. It is also convenient to use an e-wallet for international transfers. And also for those who are worried about the safety of funds in a bank account - if you transfer the required amount to an e-wallet and make a payment or transfer through it, scammers will not get to the bank account, as it's a key point during eWallet app development. It is convenient for online shopping enthusiasts and freelancers: programmers, designers, copywriters, tutors. In fact, these digital wallets are an analogue of a bank account, only money is stored not in a bank, but in a special computer program. You sure have heard other names as mobile wallet or digital wallets. Differences between electronic wallets and bank accountsĪn electronic wallet (EC), or, in other words, an electronic means of payment - that is how it is called in the law - is a payment instrument for storing money, mobile payments, transfers, and paying on the Internet.

Ewallet options