Best e-wallets in 2021

[CarderPlanet]

It is not always convenient to store or transfer finances using a card, for a variety of reasons. For example, you are not satisfied with the interest for transferring money to a card of another bank. In this case, it is worth starting an electronic wallet.

How to choose the best option, replenish your account and withdraw money - we will figure this out.

What is an electronic wallet​

An electronic wallet is a virtual payment instrument, software installed on a smartphone or computer. With it, you can pay for a product or service online, transfer money to a bank card, so that in the future, if you wish, you can cash it out.

An alternative to an electronic wallet is Internet banking. But not all owners of online projects offer to transfer money through a bank, they say it is expensive or inconvenient. Therefore, people who make money on the Internet - programmers, designers, translators, copywriters and many others - are paid for their work in an electronic wallet.

Some e-wallets allow you to create a virtual card and use it to pay for purchases offline. For example, in a supermarket through a POS terminal.

Let's take a look at the main advantages and disadvantages of e-wallets.

The advantages of using are:

• Simple registration. It takes place online, in a few steps following clear instructions.
• The electronic payment system is widespread: goods and services are available for purchase without leaving home.
• Service of e-wallets is free, unlike many bank cards.
• There is a possibility of instant transactions of payment, transfers and withdrawal of funds. Small delays can occur when an intermediary is involved.
• You can exchange currency at the rate of the payment system.
• The virtual card is valid for a limited time, but it only takes a few minutes online to register a new one.

But it is worth paying attention to the following points:

• Electronic money is easier to spend than real banknotes. Psychological nuance: invisible funds leave without regret, unlike bills that can be held in hand.
• An electronic wallet without reference to a bank card is available only if the Internet is available.
• If the wallet is not verified, it may be difficult to restore the profile if it is lost.
• Despite the widespread adoption of digital payment systems, not all stores support electronic payment.

Important! If the smartphone is lost, fraudsters can gain access to the electronic wallet. Always set a strong password. Duplicate the program on your home computer - at any time you can enter additional security settings.

Types of e-wallets​

E-wallets differ from each other in several ways:

• Account replenishment options: through a payment terminal, ATM, using a special prepaid card, from a mobile phone balance, from a bank card, and so on.
• Commission fee for financial transactions.
• The degree of security of data and transfers.
• Currency support: some wallets work only with national money, some with different currencies.
• Services provided by the payment system and its partners: auto payments, currency exchange, issuing a virtual card, cashback and similar offers.
• Convenience of the interface.
• User support and timely software updates.

Otherwise, these are combinations of the previous points.

Rating of the best wallets​

Since 2016, has restricted access to some popular e-wallets in the country. However, many continue to use them, resorting to VPNs, which is not entirely legal.

The fact is that some of the prohibited payment systems operate on the international market and offer convenient tools for which it is difficult to find a worthy alternative.

Therefore, the rating of electronic wallets includes those systems that users prefer.

WebMoney​

The leader in electronic services for a variety of reasons. These include:

• The ability to create multiple wallets by linking them to the desired currency, including cryptocurrency and precious metals.
• Many options for depositing and withdrawing funds.
• A high degree of security, which is constantly being improved.
• A large number of convenient services.
• Small commission for transactions carried out in the system, only 0.8%
• The possibility of lending within the system if you have a certain level of business certificate. You can take out a loan, or you can start issuing loans yourself, earning interest.
• The massiveness of the project is more than 40 million registrations.
• Since November 17, 2015, WebMoney has been officially operating in the UK and Europe.
• You can link other payment systems to WebMoney: Qiwi, EasyPay or Yandex.Money.

The National Bank canceled the registration of WebMoney, which is why it is now impossible to pay utilities from this wallet, to top up a mobile phone account, and it is difficult to withdraw money to a card.

Qiwi​

Since 2012, Qiwi and the international payment system Visa have been strategic partners. It was then that, in addition to the free virtual one, it became possible to order a physical debit card.

The service now offers three types of cards:

• standard QIWI payWave: valid for three years, service is free, no commission is charged for transfers from a card of another bank if the top-up amount is 2000 rubles. and more.
• QIWI payWave +: with the same conditions as the previous card. The only difference is that this one is valid for 5 years;
• QIWI Priority: entry into the batch application of the same name. The user who has issued the Priority receives higher cash withdrawal limits, premium service and a free annual SMS alert.

These cards can be used for offline purchases, and each of them can be linked to Apple Pay.

As for commissions, Qiwi offers favorable conditions for cashing out large amounts and transfers within the system. For these operations, the service takes 2% (+50 rubles) and 0%, respectively.

In Ukraine, the payment system is under sanctions.

YooMoney (previously - Yandex)​

YooMoney is chosen for its simple functionality, the ability to pay for various services online. The service also offers cashback, partner discounts and special offers.

The wallet makes it possible to issue both a virtual and a plastic card for purchases in stores, cash out at ATMs, auto payments and other operations.

EasyPay​

There are four ways to pay for a product or service online using EasyPay.

• By plastic card Visa or MasterCard. To do this, you need to enter the card number, expiration date and CVV code.
• Cash in the terminal, of which there are already more than ten thousand. When placing an order in the online store, the user can enable the "Deferred Payment" function. The confirmation code received in SMS must be entered in the terminal and the purchase will be paid.
• Electronic money from a virtual account.
• From a mobile phone for Kyivstar subscribers.

All transactions can be carried out from the EasyPay website or the mobile application available for iOS and Android. Most popular services can be paid without commission by linking a virtual or special EasyPay card from Forward Bank to the wallet.

You can create several e-wallets in the system by saving different bank cards. Another plus:

• regular payments;
• setting up templates if different amounts need to be transferred to the same details;
• cashback 1% of the cost of purchases with a card;
• points are awarded under the loyalty program, with which you can pay for services or receive discounts from program partners.

The payment service has been operating since 2007 and has the largest network of terminals in Ukraine.

SharPay and Smart Money​

Electronic money of mobile operators Vodafone and Kyivstar.

SharPay is a mobile application of the Vodafone operator, which must be installed in order to use a mobile wallet account. It is interesting that a user of any mobile operator can use the service.

Kyivstar provides service to prepaid subscribers.

What services are available:

• Withdrawing funds to a bank card.
• Payment for utilities and many other services online.
• Loan processing.
• Shopping in online stores.
• Transferring money to other users.

Here you can repay a loan, pay a fine, pay the Internet, buy a ticket - conveniently and quickly.

LeoWallet (temporarily unavailable)​

Since January 2021, the wallet has been suspended. The service website says that the reason is that the user identification system is not ready. As of March 2021, LeoWallet was still inactive.

An internet wallet in a smartphone that has been developing rapidly since the beginning of 2019. New functions are added, the possibilities become wider, errors are quickly corrected.

You can top up your account in the terminal, from your mobile phone or bank card.

Simple registration - you only need a phone number. A large percentage of cashback - up to 25%, the commission for withdrawal to the main account is not charged. In general, most operations in the wallet are free of commission, but 3% will be charged for withdrawing funds to a bank card.

Limits on the balance of money in the account - 14,000 hryvnia per month, and the annual turnover per wallet per year - no more than 62,000 hryvnia. These are the norms of the "Regulations on electronic money in Ukraine".

Global Money​

A payment system that has been operating in Ukraine since 2009. To register, you only need an email and a phone number.

98% of more than a thousand available services can be paid without commission. Global Money offers profitable transfers between cards of Ukrainian banks - commission 0.5% + 5 UAH.

The wallet has a high degree of protection that complies with the international PCI DSS standard. This makes it possible to receive transfers from all over the world.

After the appearance of the Global 24 mobile application, the platform has grown in popularity.

The list of wallets above has one drawback - you can pay for goods and services only within the country, and the following options are suitable for international payments.

PayPal​

The service is available, but it works with restrictions, and the hryvnia is not in the list of currencies.

Currently, you can only send money through PayPal: pay for purchases in foreign online stores or transfer money to other users to a PayPal wallet. In addition to Ukraine, such a send only system works in 90+ countries around the world.

In March 2021, the Ministry of Digital Transformation announced that it was negotiating for PayPal to fully enter the Ukrainian market. The payment service itself has not yet announced that it is going to include in its plans for business expansion.

Payeer​

A convenient platform for freelancers working with foreign customers. Transfers are available to 127 countries around the world in dozens of different ways.

Payeer maintains user anonymity, you only need an Email address, to which you receive a letter with further instructions.

The system allows replenishing the wallet balance and depositing funds to VISA, MasterCard, Maestro / Cirrus, MIR cards with a commission of 1.99%. The recipient does not even have to be registered with Payeer, the system will automatically create an account and offer a large selection of virtual currency withdrawals.

There is an internal cryptocurrency exchange.

You can issue a plastic card and cash out at Ukrainian ATMs.

AdvCash​

An international, multicurrency wallet with an internal exchanger - euro, dollar, hryvnia, ruble, cryptocurrency is also present. Allows you to make transfers to more than 200 countries around the world.

Registration is simple: you just need to enter your email address. The interface is also simple and intuitive. The user configures the level of protection of his funds independently, immediately after registering an account.

You can communicate with technical support in Russian, which is a big plus for many.

Transfers within the system in any currency are free. If you replenish your wallet with a hryvnia or ruble card, the commission is 2.5%. There is also a commission for withdrawing funds. For example, to transfer money from a wallet to a Ukrainian bank card, you will have to pay 2.5%.

The service has its own virtual and plastic cards.

Perfect money​

The only platform that pays a monthly interest on the money in the user's account - 4% per annum.

The system does not require mandatory identification. You can use it anonymously, but the service provides some features only to users who have passed the test. For example, after verification, you can get lower commissions, and it is also easier to restore access to your account if you suddenly forgot your username or password.

Perfect Money offers the option to store assets in cryptocurrency, which can be purchased right there by replenishing the Perfect Money B wallet.

Which e-wallet is better to choose​

Each e-wallet has its own advantages; in the face of fierce competition for financial flows, no two products are alike.

Someone will have enough mobile electronic money to pay for basic services, while someone is looking for more functionality: the choice depends on the tasks that need to be solved by a specific person.

It is often required to create several wallets:

• Pay for services and cash out virtual money from a card with a minimum commission in your country.
• Buy products on overseas trading platforms such as AliExpress, Amazon, E-Bay and others.
• Invest in cryptocurrency or precious metals.
• Receive money transfers as payment for labor from foreign customers.
• Keep money.

For example, WebMoney can block a wallet for participating in HYIP projects, unlike Perfect Money or Payeer.

Qiwi and AdvCash do not charge a commission for transfers between wallets of their users, and withdrawing money to a card is beneficial with Perfect Money (from 2%) or Payeer (1.99%).

It is worth carefully studying the terms of service, the service offered and the currency of the wallet. This is the only way to make the right choice that will meet all the needs of the user.

How to create an electronic wallet​

Each payment system has its own website.

The approach to registration may differ, for example: AdvCash requires an e-mail address, Qiwi - a phone number, and PayPal will require personal data, a bank card.

Despite the low requirements for registration in some payment systems, account verification removes many restrictions and provides the user with more tools. In Perfect Money, this is a lower commission for transfers, and in Qiwi, they increase the limits and open the possibility of cashing out funds.

To verify your account, you need to upload scanned copies of several pages of your passport into the form provided on the website.

Registration of a new user, as a rule, is a simple procedure, which at all stages is accompanied by explanatory comments of the system.

Replenishment of e-wallets​

You can deposit money to a virtual account in different ways:

• From a bank card, using the services of online services, without leaving home.
• From a bank card on the website of the payment system.
• From mobile phone balance.
• Via a payment terminal, in the category "Money transfers".
• Via internet bank.
• Bank transaction.
• Through an ATM.
• Cash in bank branches.

On the website of any payment system, the available options for replenishing the account are indicated. For example, Global Money offers commission-free replenishment in such trading networks as ALLO, MobiZhuk, Fishki.yua or Privat24 for one hryvnia, regardless of the amount.

How to withdraw money from an electronic wallet​

You can withdraw virtual currency like this:

• Through a bank or payment card.
• Money or postal order in your name.
• Through dealers who cash out electronic money, earning interest.

For withdrawing money to the card, a commission is charged, which can vary greatly for different payment systems. At the same time, transfers within the system can be commission-free, and the dealer's percentage is less than for withdrawing to a card.

The choice of an electronic wallet can be quite difficult due to their variety. We hope you found this article helpful and helped you narrow down the list of suitable service options.