Buzz
Currently, many payment gateways and e-wallets have gained popularity due to their convenience and easy transactions. Therefore, this article compiles popular international e-wallets and payment gateways to provide you with the best possible choices.
Compilation of popular international e-wallets and payment gateways.
What is an electronic wallet?
An electronic wallet is still a unfamiliar concept to many users today. It can be understood as an electronic account, considered as the 'money wallet' of users on the Internet, facilitating various fee payments online and enabling swift money transfers. Therefore, an electronic wallet performs functions such as online payments, receiving and sending money, and storing money on the Internet.
Functions of an electronic wallet:
Currently, electronic wallets play a crucial role in online transactions, allowing users to swiftly execute online payments, enhancing the efficiency of online sales activities, aiding banks in reducing the management pressure of customer card transactions, and decreasing the circulation of cash.
What is a payment gateway?
A payment gateway enables users to conduct online payments on e-commerce sites, encrypting information such as credit card numbers to ensure data security and facilitating smoother transactions between buyers and sellers.
Roles and functions of an online payment gateway:
An online payment gateway serves as an intermediary payment service, connecting payments with payment gateways, receiving information on online payment gateways, and notifying transaction results on websites.
Compilation of popular international electronic wallets and payment gateways
a. PayPal electronic wallet and payment gateway
PayPal is one of the leading international payment gateways widely chosen by many businesses and individuals in the field of online transactions for its convenience and ease of use.
Advantages of the PayPal international electronic wallet and payment gateway:
- Security: Ensures maximum security for customer Credit Card-related information.
- Supports transactions for both buyers and sellers.
- Conducting payments with PayPal is very fast, secure, and convenient.
- The PayPal electronic wallet and payment gateway also have the ability to manage money for customers with the Chanrgebank function, allowing customers to retrieve incorrectly transferred amounts.
b. Skrill electronic wallet and payment gateway
Skrill is a popular international electronic wallet and payment gateway, allowing users to deposit and withdraw money on online betting sites, use for online shopping, or send and receive money from family and friends.
Evaluation of the advantages of the Skrill payment gateway:
Skrill payment gateway offers a swift and easy registration and account verification process, supporting most Poker platforms. Additionally, Skrill e-wallet enables users to effortlessly withdraw funds from their Skrill wallet to Vietnamese bank accounts. Skrill also provides the Skrill MasterCard, allowing users to withdraw cash at ATMs and make MasterCard payments globally.
c. Bitcoin Payment Gateway
Bitcoin, a widely used cryptocurrency, with Coinbase being the largest Bitcoin e-wallet. Coinbase facilitates functions like buying and selling Bitcoin with USD, allowing customers to store Bitcoin, transfer, and receive cryptocurrency. Its primary function includes facilitating Bitcoin transfers and receipts among its members.
Advantages of Coinbase Bitcoin:
Users can directly deposit funds into Coinbase from their bank accounts. Coinbase serves as a secure Bitcoin asset storage. Coinbase Bitcoin ensures absolute security, integrating payment gateways for customers, facilitating transactions effortlessly. Coinbase imposes no limits on the amount of withdrawals or deposits of other commercial tools.
d. Amazon Pay Payment Gateway
Amazon Pay Payment Gateway is designed to provide a seamless and straightforward online shopping experience for both retailers and shoppers on Amazon.
Especially, the platform is equipped with a full range of features, tools to attract and encourage customers to shop more, simplifying the process as well as improving interaction by retaining payment information.
Pros and Cons of Amazon Pay:
- Automatic payments.
- Integration with seller websites.
- Customer recognition capabilities.
- Fraud prevention.
- The biggest drawback of this payment gateway is its availability only on the Amazon e-commerce platform.
e. Stripe Payment Gateway
Stripe is a cloud payment gateway, capable of processing and managing online transactions in every region, country worldwide. This international payment gateway provides comprehensive solutions for processing online payments as well as tools, features allowing users to customize interfaces, payment methods, reports, ... .
Concerned about security issues, Stripe integrates high-security features, preventing fraud, managing revenue, and boosting global sales volume.
Pros and Cons of Stripe:
- Support for multiple payment methods and currencies.
- Embed payment methods.
- Authorization options.
- User interface customization toolkit.
- Dispute resolution.
- Comprehensive reporting.
- Accounting integration.
- Financial reporting.
f. 2Checkout Payment Gateway
2Checkout is a global payment gateway supporting online payments for businesses, retailers, and customers worldwide. The standout feature of this payment gateway is its safety and reliability, the ability to 'localize' options and payment methods, providing the best payment experience for sellers and customers.
2Checkout currently supports 8 payment methods, 15 languages, and 87 different currencies in the global market.
Pros and Cons of 2Checkout:
- PCI Level 1 Payment Card Data Security Standards.
- Support for multiple payment methods.
- Recurring payments.
- Customizable payment methods.
- Integration with over 100 shopping carts and online systems.
- Support for 87 currency types, 15 languages.
- Account update facility.
g. Payza Payment Gateway
Payza Payment Gateway is currently available in 190 countries and supports 22 different currencies. It is one of the safest and most efficient payment gateways today, streamlining the global payment sending and receiving process.
Pros and Cons of Payza:
- Centralized management.
- Support for 22 different currencies.
- Operations in 190 regions, countries worldwide.
- Support for local payment methods.
- Deposits and withdrawals.
- Secure online payments.
- Shopping cart integration.
Above is a compilation of popular international e-wallets and payment gateways for businesses, individuals conducting online businesses, or looking to invest in online account storage with useful information to make the most suitable and informed choice. If you prefer to use domestic e-wallets, refer to the top e-wallets in Vietnam here.
