Top Tips for Choosing a Digital Wallet

When choosing a digital wallet that enables you to pay for goods and services at the checkout, you should consider several important things before signing up. 

This page will reveal several useful tips for choosing the right kind of digital wallet. We will also be revealing some of today’s best digital wallets, along with a few examples of where digital wallets can be used and what else you can use your digital wallet for apart from just buying items at websites. 

What are digital wallets?

A digital wallet, which some refer to as an electronic wallet, e-Wallet, or web wallet, can be classed as three primary things; a software program, online service, or electronic device. 

Digital wallets enable consumers to make electronic/digital transactions to purchase goods and services at hundreds of trusted online and offline merchants. 

One of the most popular digital wallets known around the world is PayPal. As well as being able to pay for things with digital wallets, they can also be used for many other things, such as storing important documents and other digital items. 

A digital wallet is also known as an Alternative Payment Method (APM), as opposed to traditional payment methods, such as physical money (e.g., plastic credit and debit cards, coins, bank cheques, and banknotes). Digital wallets eliminate the need to carry out physical cash, credit and debit cards with you. 

Not only can they be used to pay for things at the checkout at hundreds of thousands of websites worldwide, but you can also use certain digital wallets to pay for items in the real world at bars and restaurants, grocery stores, and many other shops. 

For example, digital wallets can be used to pay for bus tickets, train tickets, aeroplane tickets, taxi journeys, Uber rides, and more. They can also be used to top up your online casino account and play real money casino games in South Africa at hundreds of fully licensed sites. 

Some digital wallets, such as PayPal, are closed as ‘open’ wallets, which means they can be used at multiple websites, and others are classed as semi-closed or closed wallets, like Walmart Pay, which can only be used to pay at individual sites. 

Top Tips for choosing a digital wallet

Here are some top tips for choosing the perfect digital wallet. First, make sure it’s a trusted digital wallet from a reputable company. Ensure it’s easy to use and that your personal data and funds are always in safe hands. 

Finally, try to find out how widely accepted the digital wallet is and what kind of features/loyalty programs/fees they may have. 

What kind of things can be stored on a digital wallet?

Apart from storing your money in digital form, digital wallets can also be used to store a whole range of digital items, some of which include the following:

• Bus, plane and train tickets 

• Concert and theatre tickets

• Hotel reservations

• Vouchers, coupons and gift cards

• Membership cards

• Personal identification (e.g., a copy of your passport, driver’s licence, or other valid ID cards)

• Digital car keys (for certain models)

What are the most popular digital wallets in the world today?

PayPal has long been the world’s number one digital wallet. It’s free and easy to sign up to, simple to use and accepted almost everywhere. When you visit a website, just look for the PayPal logo, which means it can be used to pay for items on that site. 

Other popular digital wallets that some of you may already be familiar with by now are the following reliable, secure, convenient, and user-friendly brands:

• Apple Pay

• Google Wallet

• Samsung Wallet

• NETELLER

• Skrill

• Android Pay

• Venmo

• Dwolla

• Cash App

• Alipay

• Microsoft Wallet

Some of these digital wallets are more widely accepted than others, and depending on which ones you can access often depends on which country you are based in and which device you are using. 

Honourable mentions

Some of the other popular digital wallets out there today that are also perfectly secure are Facebook Pay, ecoPayz, and Trustly Wallet. You also have Jeton, MiFinity, eps, WebMoney, Mozido, Zelle, LifePay, Citadel, Paytm, EntroPay, and ClickandBuy, to name a few. 

Final note

If you would like to use a digital wallet to deposit funds into an online casino account, such as 10Bet, the best thing to do would be to visit the cashier section at 10Bet to see if that chosen method is accepted. 

For example, this trusted real money South African online casino accepts several reliable digital wallets, such as PayPal, Apple Pay, Skrill, and NETELLER. 

If you prefer not to use a digital wallet, you can deposit with Trustly direct bank transfer, Visa, MasterCard, or Paysafecard. Finally, to sign up to this trusted website, you must be at least 18.