The sites where e-wallet services are available generally have the following few easy steps to get started.
What are the benefits?
The sites where e-wallet services are available generally have the following few easy steps to get started.
Ease of use without having to enter your debit/credit card details for every online transaction.
For some sites there is no minimum amount and you can deposit an amount as low as Rs 10.
You can pass on the benefits of your e-wallet to your friends and family as well.
There is no chance of a decline of payment since e-wallet is a prepaid account.
What are the risks?
Revealed passwords can lead to theft.
There is no facility of refund; the amount is only redeemable against a purchase.
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