Why you need to start using eWallets when making online transactions

The world has changed so much in the past 20 years. Who would have thought back then that we would end up making most of our purchases on the internet and receive our packages a few days later in our mailbox?

The modern buyer is simply spoilt for choice ’ when it comes to shopping nowadays. You can just find anything you need online and compare prices, check product quality, read reviews, and make an informed decision. Moreover, you can purchase things that aren’t necessarily “physical”, for instance, pay for an online course, book a flight ticket, and so much more.

The only thing that’s of concern when it comes to shopping online, is security. When shopping with a wide number of vendors, your banking details are shared and stored across different websites, and although most vendors are trustworthy and value the safekeeping of their clients’ personal information, unfortunately, nobody is ever completely immune to breaches of security.

When giants like Facebook can be breached by malicious hackers, then what smaller vendor is truly safe? The more you share your bank account details, the greater are the chances of your account details falling into the wrong hands. Having said that, none of us are ready to give up the joys of shopping online, and we don’t have to of course! The key is to take necessary measures and precautions to ensure that we are doing everything in our power to avoid anything like that from ever happening.


Making Safe Online Purchases

When it comes to making safe online purchases, centralization is the key to secure online transactions. What does this mean?

This means that ideally you opt out of using your credit card in order to make a transaction, and use an alternative payment method. Instead of giving out your credit card details to every website you make a transaction on, the best thing to do is to get yourself an eWallet account.

For those of you who might not be familiar with this term, an eWallet acts like your personal “online wallet” where you can store multiple credit card and bank account numbers in a safe and secure environment.

Then, every time you make a transaction on a website, instead of manually typing in your credit card details, all you have to do is lose your login details for your eWallet account which will act as a third party that executes the transaction without divulging your banking details with the seller. This way your liability is limited, and you can have better peace of mind.  As an added benefit, eWallets generally have lower transaction fees.


Choosing the right eWallet

When it comes to eWallet providers, there is only a handful that can be deemed as reliable and secure. At the moment, some of the best eWallets around are Paypal, Google Wallet, and Ecopayz. The latter, in particular, has gained a lot of popularity recently especially due to the increasing demand for a safer alternative to using credit cards to make transactions at online casinos.

When it comes to playing at online casinos, instant deposits and withdrawals are very important for players, which means that the faster the transaction is made, the better. Bank transfers can take up to four days, but it takes only seconds to do the same transaction when using eWallets. At the same time, this benefits the casinos too.

What’s even more important for players, however, is that transactions are done safely and securely. This means that, ideally, casinos should not have direct access to someone’s bank account details, which is why Ecopayz secures sensitive information by acting as the mediator between the player and the casino. Essentially, this is what all eWallets are meant to do, i.e. to carry out transactions without compromising your privacy.

And the same goes for other forms of purchases. This is why eWallets like Paypal are still going strong, while many others are on the rise. In fact, Paypal certainly needs no introduction. It’s been around long enough to make a very good name for itself and has changed and adapted along the years.

Now with Google Wallet, as you might have probably guessed it, you have the advantage of having everything integrated with the other Google products. This means that you can practically send someone money via email, check out in apps without entering your information every time, and not to mention, make contactless payments with your phone at stores.


Ultimately, it’s up to you

At the end of the day, you know best what method or eWallet works best for you. What is important, however, is that you inform yourself of the selection that exists before you choose your alternative payment method. You need to understand how each of them works, and preferably, try and choose a method that is easy to use especially if you’re not very tech savvy. It might be a bit confusing in the beginning, but as you get used to it, you will find that it will make your life a whole lot easier and will give you more control over your online activity.


If you have any questions, please let us know by sending us an email or leaving us a message in the comment section below.

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