Can a New Payment Wallet Really Rival PayPal and Apple Pay? | Fusion - WeRIndia

PayPal is a leading digital wallet that has dominated the market for over two decades, and Apple Pay has been equally popular since it launched in 2014.

There are now over 25 digital wallets to choose from, which can be used to play for goods and services online and offline. The question being asked here is, can a new payment wallet really rival PayPal and Apple Pay? 

What are digital wallets?

Digital wallets are a great alternative to traditional payment methods, such as physical cash (e.g., paper banknotes, coins, and cheques) and credit and debit cards. Digital wallets are an Alternative Payment Method (APM), otherwise known as electronic wallets, web wallets, or e-Wallets.

They can be used to pay for goods and services online at hundreds of thousands of trusted websites and to pay for things out in the real world. For example, some places/companies (e.g., Uber and other taxi companies, restaurants, public transport, clothes shops, etc.) also now accept digital wallets.

Digital wallets can be used to pay for things from any modern smartphone, tablet, laptop, or desktop computer with internet/Wi-Fi connectivity.

You can log in to your digital wallet either instantly in your web browser or from within a perfectly secure mobile application that generally takes less than a minute to install onto most mobile devices.

As well as being able to store your digital currency and pay for things, digital wallets can be used for storing various other important things. Examples include digital hotel reservations, concert/theatre tickets, and your virtual credit or debit card details (which saves you from having to carry actual cards around with you).

Additionally, some digital wallets can also be used for storing bus, plane, and train tickets, coupons and vouchers, gift cards, personal identification, digital car keys (for some cars), membership cards, and lots more.

Can digital wallets like PayPal and Apple Pay be used at online casinos?

Yes. PayPal and Apple Pay are just two of many trusted digital wallets you can use to top up your favourite online casino account. They can also be used for withdrawing your winnings. Remember, don’t miss the latest casino bonuses by heading over to the official AskGamblers.com website today.

This trusted online gambling information portal has over 1000 reviews for today’s best online casino, sports betting, poker, and bingo sites.

Not only do their featured sites accept PayPal and Apple Pay digital wallets, but they also accept numerous other perfectly secure online payment solutions, such as the following:

• Credit and debit cards (e.g., Visa, American Express, Maestro, and MasterCard)
• Digital wallets (e.g., NETELLER, Skrill, MuchBetter, Jeton, uPayCard, Bpay, EntroPay, eZeeWallet, EPS, Zelle, WebMoney, Google Wallet, and Samsung Wallet, to name just a few)
• Direct/instant bank transfers (e.g., iDebit, Trustly, Quick Pay, Ecobanq, Instant EFT, iDeal, POLi, Euteller, and Giro Pay)
• Cryptocurrencies (e.g., Bitcoin, Ethereum, Polkadot, DogeCoin, Ripple, Tron, Tether, Cardano, Litecoin, etc.)
• Western Union
• Bank cheques
• Prepaid (e.g., Revolut, CashToCode, AstroPay, Paysafecard, Neosurf, Flexepin, etc.)

Some online casinos accept more payment methods than others, so before signing up to any old site just because you like the look of the bonus, remember to head to the cashier or banking section to find out if your favoured payment method is accepted.

Are there other new digital wallets that can rival PayPal and Apple Pay?

JPMorgan Chase, Wells Fargo, and Bank of America recently announced they have collaborated in another joint venture to release a new digital wallet.

They are the same three banks that brought you Zelle – a trusted online payment processing app that allows you to instantly purchase goods and items and transfer money anywhere in the world.

The new Zelle digital wallet will be operated by Early Warning Services, which is co-owned by the same banks mentioned above, as well as PNC Bank, Capital One, and U.S Bank. It could just be the next best digital wallet to rival PayPal and Apple Pay.

For those of you who have had bad experiences with Apple Pay or PayPal (or any other digital wallets mentioned above) or haven’t ever used a digital wallet before, the new Zelle digital wallet might be worth looking into.

For most other people to choose the Zelle wallet over Apple Pay, Samsung Wallet, and PayPal, it must provide even better customer support services (e.g., more efficient, friendly, and responsive). It must also be easier to use and equally or more secure than the other digital wallets.

It will also help if it has a lucrative rewards program and other attractive benefits for frequent users. It’s too early to tell whether the Zelle digital wallet will be the next big name in digital wallets, so we’ll just have to wait and see.

Image by mohamed_hassan from Pixabay (Source)