Nowadays, more and more people use digital money methods for everything. It is possible to pay for food or services such as Netflix or even gamble in a casino without problems. It is in this context that electronic wallets have recently emerged, which work like a bank but are not exactly.
For example, they have much fewer requirements to open an account than a traditional bank. With your passport, some proof of income and personal information, you are ready to start. You will be able to take advantage of, among other things, bonuses such as https://bonosdeapuestasfinder.com.mx/
Do you want to know why people are using electronic wallets more and more frequently? We tell you all the reasons in this article.
Wallet options and why they are chosen
There are many options for electronic wallets and the uses are very varied. Some, like Neteller or Skrill, give you the possibility to take out a debit card and use it for everything: purchases, payment of services, travel, whatever you want. Others, like Ecopayz, allow you to withdraw and send money quickly, effectively and with few commissions.
1. Security
Electronic wallets are as safe as any bank and are often regulated by the laws of the country where they have been incorporated. Transactions are always encrypted, to be able to carry out operations safely and without anyone intervening in the process.
2. speed
Most electronic wallets do instant transactions. So if you want to send money to a friend or deposit at a casino, for example, you won’t have to wait for hours or days like you would if you wanted to use a traditional bank account.
3. Convenience
Another of the best things that e-wallets offer is the convenience of transferring money. For example, you won’t need to know that person’s account number or other personal information. With your username on the platform, your phone number or even your email, you can send the amounts you want.
Similarly, it is very convenient and easy to load wallets with different methods. Many, for example, have agreements with some workspaces like Upwork and you can receive payments directly from there, with or without commissions. Others give you an account number so that other people or even businesses can pay you using a kind of traditional bank transfer.
Finally, if you want to simply use money that is already yours inside the wallet, you can simply connect your bank account with it and make quick or even instant money movements. As Tony Sloterman tells us, flexibility today is something very important in this area.
4. Limits
Electronic wallets take into account the security of people and that is why they put limits on their use. For example, Neteller has a limit of 5,000 euros per month when making a deposit. This happens to protect the person from spending too much money (in a casino, for example, to follow a responsible gaming policy). It is also useful to protect the account in case of data theft.
Without a doubt, electronic wallets will continue to grow throughout the world. They are an excellent opportunity to access the banking system for those who do not have a traditional account and want to carry out certain operations. Find the one that suits you best and try them today.