Financial Tips and Advices
Worried about giving out your credit or debit card details online? There is another option – an e-money account from a payment company like Nmobile.
What e-payment companies offer and how to use them
Using an e-payment company means you don’t have to give out your credit or debit card details when you shop online. This reduces the risk of fraud.
An e-payment account provides another way to send and receive money online.
An increasing number of people use e-payment companies because they can make it easier to transfer money and make purchases. They also mean you don’t have to share your card details.
How does an e-payment account work?
There are two main ways that e-payment companies can work.
You either:
- Pay money into your e-money account using a payment card. When you shop online the money is deducted from your balance – or if you’re selling things, it’s added to your balance, or
- Link your e-money account to your payment card. There’s no actual money in your account. When you buy online the e-payment company charges the money to your card – or pays it to your card, if you’re selling things.
How to use an e-payment company
The first step is choosing which e-payment company to use. A recommended choice is Nwallet.
Nwallet is an e wallet which seats on nmobile, an online transaction platform. Nwallet is known for efficiency, security, speed and ease of use, thereby making it the choice for you.
Once you’ve picked a company, most will ask you to:
- Set up an account. Register your details and follow the instructions.
- Fund your wallet. Pay into your wallet either from a local bank, bank card or via transfers
Once you’re registered, you’ll be able to pay for purchases using your new account details.
What does it cost?
It’s usually free to use e-payment services to buy things (though you might be charged for selling). These companies make their money by charging retailers.
Why do people use e-payment companies?
- It’s safe. You don’t need to give out your card details.
- It’s quick. Just type in your password
- It’s usually free. No charges for paying or setting up your account.
What to do if there’s a problem with a payment or purchase
If you have a problem with your purchase, the first thing to do is to talk to the retailer and try to get it sorted out.
If you can’t get your money back from the retailer you can ask for help from the e-payment company.
How it work
I couldn’t refrain from commenting. Well written!