Online shopping gives you the best experience and is very helpful in terms of finding a large number of products. You can find anything online like watches, wallets, shirts, t-shirts, shoes, socks, jewelry, women’s wear etc., etc., You have plenty of searching options on Internet and window shopping is very much comfortable with online shopping. You don’t need to ask anyone to get the desired product, just search the name of the product and get the desired product. It’s as simple as that.
Now for the payment, you need to pay via credit/debit card or net banking. But that has been too old and also very risky as there are frauds going on the cards and people lose money as their card details get leaked due to online hackers and other site security issues. Due to this, the app developers developed online shopping wallets which made online transactions very easy and handy. Online payment wallets have a direct link to the websites and they are connected to the site so that you can directly pay through the wallets, you just need to sign in through the wallet and just fast forward the amount and pay the bill.
Many wallets such as paytm, Airtel payment bank, citrus pay, mobikwik, freecharge, tapzo, PayUMoney etc., have been some of the successful online wallets till date.
You cannot say that online wallets are totally safe and secure. Some of them leak the details of the customer or some of them get trapped by online hackers and they get all the details and they get a chance to steal your money from your account.
Nowadays wallets are available for all the leading online shopping stores and also there are offers available on leading wallet stores. So now not only you can pay for them you can get cash back and various offers for your own benefit.
Some of the stores supporting online wallets are:
- Goibibo – Goibibo cash.
- Dominos- PayTm.
- Amazon- Amazon pay.
- Airtel- Airtel payments bank (up to 50% cashback on all recharges).
Paytm is one of the best and secure online wallets. It has been very much successful and also satisfied all the needs of the customers. You can pay your electricity bills, phone bills, recharge your phone, pay for LPG connections, google play store and much more. It has also introduced Patym mall through which the customers are able to shop online using the patym app itself so that it is easy to pay because you just need to fast forward your amount and the transaction gets done via paytm app. You can also book movie, flight, bus and train tickets using the app.
The transaction is totally secured and encrypted so that no third party gets your details. So paytm is one of the best wallets introduced and successful till date and after demonetization, it has been more in use because of cashless transactions.
You just need to add a bank account is that you can add money to your paytm wallet and then you can pay to the retailer/friend by using the QR code or the mobile number of the receiver. You can also send the money back to your bank in order to keep it more secure.
Amazon pay has been introduced by Amazon (The online shopping website) for only Amazon customers so that they could pay using Amazon pay if they have any kind of problem in saving the card details to their account. Unlike paytm you need to add money to your Amazon pay account in order to fast forward the amount of the payment.
As this was introduced recently and not grown quite popular there might be some risk factor in using this wallet but keeping in mind that it is an Amazon representative it would be safe and secured and would not cause any problem to its customers.
This has also been very much effective since demonetization came into effect. Unlike paytm it also allows you to pay all your bills, recharge your postpaid/prepaid mobiles and many more things that would need cash for can be done by just sitting in the home through mobikwik. Customers can use balance in their wallet to book bus tickets and avail bus ticket offers on Mobikwik. It has not been such successful as paytm but mobikwik has its own advantages. The app developers have been giving great offers in order to attract customers and get some popularity. They have been successful in doing so but there are other wallets doing better than mobikwik.
The risk factor is very less as the payment is secured with 32-bit SSL encrypted connection which makes it secure and safe or online payment but still, some work needs to be done to make it more secure.
You need to add money to your account from your bank account and then you can pay using the money in your wallet and circulate the money.
**OFFER: ADD RS.10 TO YOUR MOBIKWIK ACCOUNT AND RS.100 AS SUPERCASH IN YOUR WALLET.
4.AIRTEL PAYMENT BANKS:
Airtel has been very much famous since its SIM launch and has been the attention of its customer. India’s fastest network launched its own payment bank and also online wallet using which you can have access to all your outdoor payments by sitting at home. You just need to have money in your Airtel bank and you can pay using the Airtel payments bank. Airtel also introduced payments bank in order to have an airtel account and now you can also have an online debit card by which you can get money when you are in need of. This has been successful since its launch and now it has been added to some of the major stores as part of online wallet system.
As the wallet system is introduced by Airtel one of the leading networks in India there are very fewer chances of risk in the payment system but as we say nothing is perfect there are some ways by which your details may be leaked and get into wrong hands so you need to be careful while adding money and also while paying for someone.
Like all the other wallets you need money to your payment bank and then pay the retailer or anyone else. You have an option of adding money to your bank and thus send it back to your bank when you don’t need it in your wallet.
**OFFER: GET MAXIMUM CASHBACK OF Rs.25 (ON ALL RECHARGES) OR UP TO 50% CASHBACK ON ALL RECHARGES FROM YOU WALLET ON RECHARGES FOR RS.399 AND RS.349 AND OTHERS.
One of the best online payment wallets after paytm. Freecharge has been in effect before and after demonetization. Even before demonetization, it has been very successful and also it has gained more success than paytm. But nowadays because of the offers on paytm the app has lost some of its fame but is still in the race and is increasing its customers worldwide. As I mentioned earlier in Mobikwik and paytm wallet sections you can pay all your bills and also get access to online shopping sites and pay your bill there by just forwarding the amount to the site. You can also pay at restaurants, and also at grocery stores if they have the wallet system.
This site is also secure and is also away from frauds to some extent but might contain some risk due to mistakes by the customer.
These were some of the popular online payment wallets. There are many wallets available in the market which you can give a try but at last, you will hang only to those mentioned above. Some other wallets are Citrus, Sbi bank Buddy, Citi master pass etc., which are useful only for particular purpose but the above ones can be used anywhere (if wallet is allowed) such booking tickets, paying bills, online shopping, grocery, restaurants etc.,
Online shopping is such a thing that excites each and every one and lets you enjoy different product s and then select’s one from thousands of products. Technology has been growing rapidly nowadays and then the wallets have been a great revolution in the payment section. These are very helpful and very easy to handle and also handy so there will be no tension of carrying cash with you if you have money in your online wallet account. The offers provided by the developers of the wallets are huge and very useful to attract more customers.