WHAT YOU MUST KNOW ABOUT AN E-WALLET?

What is an E-Wallet?

E-wallet is an online prepaid account where one can stock money, to be used when required. As it is a pre-loaded facility, consumers can buy a range of products from airline tickets to grocery without swiping a debit or credit card.

How do you get one?

You can log on to sites ranging from telecom services, online grocery stores, recharge portals to even sites selling furniture that use e-wallet as an alternative payment option and get started on saving.

How to use an e-wallet

The sites where e-wallet services are available generally have the following few easy steps to get started.

What are the benefits?

The sites where e-wallet services are available generally have the following few easy steps to get started.

Ease of use without having to enter your debit/credit card details for every online transaction.

For some sites there is no minimum amount and you can deposit an amount as low as Rs 10.

You can pass on the benefits of your e-wallet to your friends and family as well.

There is no chance of a decline of payment since e-wallet is a prepaid account.

What are the risks?

Revealed passwords can lead to theft.

There is no facility of refund; the amount is only redeemable against a purchase.

Where can you use E-Wallets?

Online Grocery Stores

Big Basket.com, a Bangalorebased online food and grocery store, offers an e-wallet facility for a simple payment option. The e-wallet on this site can be filled up with any sum of money, starting from as low as Rs 10. The maximum money that can be stored on Big Basket’s e-wallet is Rs 10,000.

Utility Payments

Paying the electricity bill, phone bill, mobile bill and even booking a seat at the theatre can now be done with OxiCash. Your OxiCash e-wallet can be filled and recharged using net banking, debit cards and credit cards or even cash payments at OxiCash retail outlets.

Fly prepaid

If you are planning a vacation and fear spending the saved money elsewhere you can save up with, Lusso Trip’s e-wallet facility. Customers generally keep a Rs 10,000 balance on their e-wallet and save up as much as Rs 1 lakh to book tickets when they want to.

E-wallet on mobile

Airtel Money transforms the mobile phone into a convenient wallet. The digitised money can be used on several shopping sites like ebay.in, Home Shop 18, Myntra and Book My Show. All one needs to have is an Airtel connection.

Buying Online

E-commerce major Flipkart was one among the first few to start am e-wallet service in 2011. Flipkart introduced e-wallet service to its customers, in addition to their cash-on-delivery option. Consumers can create an e-wallet and fill it up to Rs 10,000 at a time.

Recharging Mobile Phones

At Munkey.in, an e-wallet service, a mobile recharge can be done automatically on an auto disconnect missed call to their number. A customer can also go for scheduled recharge option where a filled e-wallet can recharge a number or DTH connection on set times of the month.

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WHAT CAN VTC PAY E-WALLET HELP YOU?

1. PERSONAL VTC PAY E-WALLET

For individuals who buy or sell online.

• Recharging easily by all methods.
• Transfering money immediately.
• Withdrawing simple
• Paying online at VTC 365 and other integrated partners.
• Integrating VTC Pay e-Wallet and payment gate.
• Discovering the unilities of VTC Pay

2. BUSINESS VTC PAY E-WALLET

For legal organizations that use company name or organization name.

• Having all functions like the personal VTC Pay e-Wallet.
• Supporting for issuing invoice when transact at 365 Bill Payment Services.
• Supporting for integrating VTC Pay payment gate
• Creating trust with customers for online transactions.

For more infomation, please contact us:

VTC Pay - Ewallet Payments Gateway

Website: http://pay.vtc.vn

Hotline: 19001530

Facebook: https://www.facebook.com/vtcpay