eWallets are rapidly revolutionising the way people move and manage their money. Also referred to as “digital wallets”, eWallets allow you to make online payments or in person without having to enter your payment details each time. They give you the freedom to quickly send and receive money internationally, track your spending, view your transaction history and much more.

Choosing an eWallet for money transfers can offer more advantages compared to other options. In this article, we’ll have a closer look at the vast benefits of using digital wallets.

Convenience

With a digital wallet, you can easily make payments or transfer funds using your smartphone or computer from anywhere in the world. It lets you store your preferred payment methods in one place, including credit cards, bank accounts, gift cards, and more.

This eliminates the need to use multiple banking applications and makes it easier to send transfers promptly whenever you need. By linking the necessary accounts, you can experience a seamless buying experience that only takes minutes to complete.

Fast and Easy Transactions

eWallets enable fast transactions because once you sign up and enter your payment details, they are stored securely. This means that you don’t have to enter your card number, expiry date, CVV code and other payment details every time you make a purchase. With just a few clicks, you can complete your payment quickly, making the process faster and more convenient than traditional payment methods.

Security

When you consider how easy it is to misplace a physical card or have it stolen, you’ll quickly be looking to make use of a secure and reliable eWallet like MiFinity.

As a plus, most digital wallets help prevent the risk of fraud and data breaches through their strong encryption, password protection and offered biometric authentication to keep your banking information safe.

Keep Track of Your Spending

With a record of their entire transaction history, eWallet customers can easily monitor their expenses, identify any unusual activity and improve their budgeting habits. This feature also helps customers to reconcile their records with their bank statements, which makes it easy to avoid any discrepancies or errors. Additionally, having access to transaction history can help customers dispute any fraudulent charges or resolve any payment-related issues that may arise.

Low Transaction Fees

Compared to many other payment methods, eWallets offer highly competitive small to zero transaction fees, saving you money so you have more to spend on your favourite sites. The low costs are a major advantage in the case of frequent transfers, international transactions and more.

Indeed, signing up for an eWallet like MiFinity can reduce costs with transparent fees that are often less than those that other financial institutions charge.

Why Choose MiFinity eWallet?

Trusted by thousands of people around the world, the MiFinity eWallet is the smart way to spend, send and receive money. Why do our customers trust us as their go-to online payment method? Here are just a couple of reasons:

Free Virtual IBAN: For EU and UK customers, we offer a free virtual IBAN with zero fees for topping up your eWallet. This feature simplifies the funding process, making it even more cost-effective
Cutting-Edge Technology: MiFinity leverages the latest app technology to provide players with a best-in-class user experience. With an intuitive design and biometric security, the MiFinity eWallet offers a seamless and secure payment journey that stands out from the competition
Multiple Payment Methods and Currencies: MiFinity supports over 75 payment methods and more than 17 currencies, ensuring that you can choose the options that suit you best.
Multiple Native Currency eWallets: MiFinity customers can create up to 9 native currency eWallets within a single account. This feature empowers you to manage your funds efficiently and play on international casino websites without the hassle of currency conversion.
Global Reach: MiFinity has a remarkable geographic reach, covering 225 countries and territories. The MiFinity eWallet, native app, and desktop version are also available in 20 languages.