One of the benefits of the eWallet is that it works in both directions; i.e. for both making and receiving payments. Another of the many benefits is that payment with an eWallet involves the money being withdrawn directly, with no need for disclosure of a card number.

An eWallet also works as a neutral party to the transaction, ensuring that neither the seller or buyer have both the money and the goods at the same time. In other words, the buyer receives the goods before the seller is paid, and the seller is given a guarantee of payment before the goods are dispatched. In practice, it works in such a way that the buyer receives the goods and can approve that they match the description, before the seller gets paid. This is not the same as a refund policy, where a buyer can change his or her mind and return the goods; if the goods match the seller’s description, they should of course receive payment. The eWallet is recommended by consumer bodies and authorities as a payment method to avoid online fraud, and is an attractive complement to other payment methods.

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