The Washington Independent
The Washington Independent

The industries utilising e-wallet payment methods

The industries utilising e-wallet payment methods

An increasing amount of consumer transactions are taking place over the internet, last year over 779 billion digital payments took place across the world. This figure is expected to grow by around 13 percent each year and more people enjoy the convenience and accessibility of spending money online.

Elisa Mueller
Jul 27, 2021

An increasing amount of consumer transactions are taking place over the internet, last year over 779 billion digital payments took place across the world. This figure is expected to grow by around 13 percent each year and more people enjoy the convenience and accessibility of spending money online.

Digital wallets are financial accounts where users can store money or make payments. They can usually also view their transaction history and manage regular payments. Some wallets are also used for storing cryptocurrencies such as Bitcoin. 

One industry that utilizes e-wallet payment methods in a big way is the online gaming and casino industry. Many providers off e-wallets as a payment method alongside credit and debit cards. Sites like JackpotCity online casino offer players the payment options of debit and credit cards as well as web wallets and prepaid cards, as the site also operates in Canada they also offer an Interac payment option. Trustworthy casino providers ensure that players have a great amount of choice for how they would like to carry out secure transactions.

Around 12 percent of the worldwide population uses mobile payment applications and these range from well-known apps such as PayPal to more recently developed options like Google Pay and Apple Pay. There are also lesser-known digital wallets like Alipay and WeChat in the international market.

Ecommerce sites are some of the most well-known users of e-wallet transactions. Making payments for goods or services using this method is often quicker and less complicated than more traditional methods such as entering all your debit or credit card details each time you checkout.

Using a third-party provider e-wallet is often a more secure way of making transactions online and there is usually the often of opening a dispute with the payment provider if anything goes wrong with your purchase.

E-wallets are particularly great for online casinos as they allow players to quickly make deposits before getting back to playing the actual games, they are not disrupted by having to get up and go find their physical bank card.

Security is a priority when playing on internet casinos as these can involve large or frequent transactions. Luckily, e-wallets have extra layers of protection to help prevent financial fraud and theft.

This can include fingerprint or face ID verification or other multi-factor verification methods such as text codes or pre-set security questions. 

It is not only smartphones and computers that utilize these digital payment methods, they can also be set up on smart home speakers like the Amazon Alexa device. Using this method, customers can make fast payments using only their voice.

A small number of online casinos are also accepting cryptocurrency payments, which are popular due to their anonymity and lack of transaction fees. They can be used as an international payment method and users do not have to wait on bank verification.

E-wallets are fast, convenient ways of making transactions online and are likely to continue to grow in popularity as a secure payment method for businesses in a range of online industries.

Elisa Mueller | Elisa Mueller was born in Kansas City, Missouri, to a mother who taught reading and a father who taught film. As a result, she spent an excessive amount of her childhood reading books and watching movies. She went to the University of Kansas for college, where she earned bachelor's degrees in English and journalism. She moved to New York City and worked for Entertainment Weekly magazine for ten years, visiting film sets all over the world.


Are you a business owner? Here's how to manage your finances better

If you have just recently started your own business, you are probably worried about your business finances. Usually, business owners tend to focus on the quality of their product or service, forgetting how to handle the finances of the venture. If this sounds like you, no need to worry! Here are 9 tips to help you manage your business finances better.

5 Tips for people moving from traditional to online gambling

The main reason why online gambling has seen such a boost is because of the influx of players coming from the traditional gambling world. Many may have been intrigued by online gambling for a while but never felt the urgency to try them. But, if you feel like now is the right time to make the jump, here are a few tips on how to make your transition easier.

Quick online casino guide for beginners

Hardcore casino fans are probably aware that many websites allow them to enjoy their favorite hobby from the comfort of their homes. However, people who don’t have any kind of gambling experience will be surprised when they find out how many online casinos there are.

Three things that differentiate crypto betting websites from their alternatives

One of the things that people have to do before they start betting online is to decide which payment options they want to use. Regardless of whether you want to play the latest casino games or prefer sports, you need to make a deposit sooner or later. Of course, gambling operators know that their clients have to fund their accounts, so they try to provide them with different kinds of alternatives.

What makes blackjack, roulette, and baccarat popular among online casinos fans

Some online casinos are known for their innovative gambling features. Other betting websites prefer to provide users with more bonuses, but both types of companies know that having multiple high-quality casino games is of utmost importance.

What to know if you want to play online casinos in the UK

Online casinos have become a big hit in the past couple of years. The ease of use and rich offer make them appealing to both first-time and experienced players. However, passionate travelers who are also devoted gamblers would like to know which country allows gambling in the digital space.

What can you learn from a review of an online bookmaker?

Online bookmakers are common in some countries where the local laws allow these kinds of websites to work. Even though there aren’t that many places where that’s a possibility, the iGaming industry is slowly getting the recognition it deserves. This means that more countries are starting to acknowledge the fact that these places attract a lot of customers.

Why is Gold a massive buying opportunity right now?

Gold stocks breakdown, gold price behavior, gold will finally shine, india's impact on gold price, facts about gold stocks, dear retail investors

Zero Sales To 6 Figures: Tinley Entrepreneur Says 'Never Give Up'

Malik Kurdi wanted to be his own boss. Determined to bring a better life to his family, Kurdi launched Exemplary Marketing​ in 2015.

The incessantly growing mobile gaming market and some trends

The global mobile gaming market, endowing players with the practicality of continuing gaming without containments, has kept its gradual ascend and is expected to grow even more between 2021 to 2026 with a CAGR of 12.6%. Many contributory factors are discernable behind this surge.

Why cloud storage is the best option for many companies?

Are you aware of cloud computing? No, but most probably you have heard about it or have had some idea that it is something good to invest in. With cloud computing, your data gets stored in a third-party's server and then accessed by your application.

© Copyright 2021 The Washington Independent All Rights Reserved

Terms & Privacy |