Discover which are the best e-wallets for your online store

Best e-wallets for your online store

With an eCommerce on top, you have surely had to learn a lot of concepts and apply them to your online store. One of them, perhaps the most modern, is the eWallet or digital wallet. You may know what we mean, but what if we asked you for the best e-wallets for your online store?

If you are thinking about applying this to your online business, but you don't have much of an idea of ​​what it entails, below we will focus on the topic so that everything is clearer to you.

What is the eWallet

Secure online shopping

When you have a business, the first thing you want is for the purchasing process to be as quick and easy as possible so that no user has problems (and may leave the cart abandoned or not complete the purchase). Therefore, they were born eWallets, also called electronic purses or digital wallets.

And what does it consist of? Well, it is a form of payment that adapts to new technologies.

We talk about a system by which the user records all banking information through that application or program and, when purchasing, you do not need to enter it again, but rather you have the information directly on this site and you can pay without revealing any type of data.

In other words, Imagine purchasing without having to enter any card or payment method. You simply confirm the order and the eWallet payment method and it is taken care of.

In fact, the person who carries an eWallet does not have to carry the physical card to the places where they are going to buy, because they already have it on their mobile phone (which is where this device is usually carried).

A widely used and well-known eWallet is PayPal. That's right, in your account you have your credit card and bank account information. But when it comes to paying with it, all you give is an email and a password. Nothing else. Something similar happens with Google Pay or Apple Pay. As well as with Amazon Pay.

Conclusion ways to minimize the risks of exposing your credit or debit card on the Internet and keep private data secure.

How an eWallet works

Fast payments online purchases

So that you know a little more about these systems, we are going to tell you as a summary what happens when using it. The first thing is to have software to link the payment data and the transaction provider. This is usually done through apps that come on the phone.

Once you have it activated, you can buy online with your mobile phone, without having to show your card.

For example, imagine that you go to a cosmetics store and choose some items. When paying, you can tell the cashier (or cashier) that you want to pay with your mobile phone. And when you bring this closer to the machine (the same as for credit or debit cards) The mobile becomes a program that links your account data with the provider to accept the transaction and pay for it.

The best e-wallets for your online store

Secure payment methods for online purchases

Now that we have made it clearer what an eWallet is. How about we talk to you about the best e-wallets for your online store?

Keep in mind that the important thing is that you include them as payment methods for your eCommerce. Believe it or not, the fact of being able to offer different methods gives more security. Especially since some of these methods give you extra guarantees (for example, the case of PayPal that protects the purchase for two months in case there are problems with it and the seller does not respond).

Thus, the best e-wallets for your online store that you should activate in your store would be the following:

PayPal

This system is world famous. And the truth is that, although there are still businesses that have not enabled it, they are losing many customers.

PayPal has been around since the late 90s and almost everyone has an account. Although there is now a charge for those accounts that are not active, it is enough to make a transaction to save that payment.

The fact that to make the purchase you do not have to share the card but only an email and the account password makes it quick and secure to use it to pay.

In fact, Those who have PayPal prefer to look for stores where they can pay with this ewallet before with any other (because it is the most traditional).

Google Pay

It is true that Google Pay is not as widespread as PayPal, but little by little it is gaining ground. In this case, installed especially on Android phones, they can pay without having to share any payment data.

Of course, it is necessary that, as an eCommerce, you enable this payment method. However, sometimes the fact that they don't use it can mean that you don't have it.

Apple Pay

Same as the previous one, but in this case for the iPhone, we have a very secure digital wallet. And to accept that payment, Touch ID is needed to recognize the fingerprint. Otherwise, it is not carried out. AND Believe us, if the customer already has their order by touching the screen, it will be very effective for the conversion rate.

Amazon Pay

We have talked to you about Android, Apple, Google, the iPhone... And of course, Among those big ones there is also a brand: Amazon.

This huge store also created its own eWallet, Amazon Pay. To do this, use your Amazon account to pay in stores.

In this way, the data is protected because you are not going to reveal anything, but Amazon will be in charge of making the payment and charging you through the payment method you have in your account.

As you can see, there are many of the best e-wallets for your online store that we can recommend. and that will make your store more receptive to users, since you will accept several payment methods (not just the typical card payment and that's it). However, they are not the only eWallet. In reality, there are many more: PayTM, PhonePe, Yono, Jio Money... do you know of any others that you consider to be the best?


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