Dr. Hidaia Mahmood Alassouli - Evaluation of Some Online Payment Providers Services

By

Dr. Hidaia Mahmood Alassouli

Hidaia_alassouli@hotmail.com

While every precaution has been taken in the preparation of this book, the publisher assumes no responsibility for errors or omissions, or for damages resulting from the use of the information contained herein.

Copyright © 2020 Dr. Hidaia Mahmood Alassouli.

Written by Dr. Hidaia Mahmood Alassouli.

A digital wallet also known as "e-Wallet" refers to an electronic device, online service, or software program that allows one party to make electronic transactions with another party bartering digital currency units for goods and services. This can include purchasing items on-line with a computer or using a smartphone to purchase something at a store. Money can be deposited in the digital wallet prior to any transactions or, in other cases; an individual's bank account can be linked to the digital wallet. Users might also have their driver's license, health card, loyalty card(s) and other ID documents stored within the wallet. The credentials can be passed to a merchant's terminal wirelessly via near field communication (NFC). Increasingly, digital wallets are being made not just for basic financial transactions but to also authenticate the holder's credentials. For example, a digital wallet could verify the age of the buyer to the store while purchasing alcohol. The system has already gained popularity in Japan, where digital wallets are known as "wallet mobiles”. A crypto currency wallet is a digital wallet where private keys are stored for crypto currencies like bitcoin.

Online banking, also known as internet banking or web banking, is an electronic payment system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution's website. The online banking system will typically connect to or be part of the core banking system operated by a bank and is in contrast to branch banking which was the traditional way customers accessed banking services. Some banks operate as a "direct bank" (or “virtual bank”), where they rely completely on internet banking.

Internet banking software provides personal and corporate banking services offering features such as viewing account balances, obtaining statements, checking recent transactions, transferring money between accounts, and making payments.

A crypto currency exchange, or a digital currency exchange (DCE), is a business that allows customers to trade crypto currencies or digital currencies for other assets, such as conventional fiat money or other digital currencies. A crypto currency exchange can be a market maker that typically takes the bid–ask spreads as a transaction commission for is service or, as a matching platform, simply charges fees.

A debit card is a payment card that deducts money directly from a consumer's checking account to pay for a purchase. Debit cards eliminate the need to carry cash or physical checks to make purchases directly from your savings. It is similar to a credit card, but unlike a credit card, the money is immediately transferred directly from the cardholder's bank account when performing any transaction

A credit card is a payment card issued to users (cardholders) to enable the cardholder to pay a merchant for goods and services based on the cardholder's promise to the card issuer to pay them for the amounts plus the other agreed charges.[1] The card issuer (usually a bank) creates a revolving account and grants a line of credit to the cardholder, from which the cardholder can borrow money for payment to a merchant or as a cash advance.

As Electronic banks and E-wallets and Crypto currency Exchanges are important in internet shopping and Ecommerce and crypto currency trading. We have nowadays many online payment providers and so it becomes very difficult for the users to compare in between them to choose the best in term of deposit and withdraw fees.

I will not go in detail on each payment provider services, rules and fees. I will just list roughly most commonly used online payment providers for sort of comparison in between them. I will specifically compare the withdraw and deposit fees for each one. I will mention also some of the difficulties I met with some of them because lack of their services in my country Palestine.

I will also show how to get Visa and Master Debit Cards online.

The report consists of the following parts:

1 How to get a Visa/Master Card worldwide online

2 Quick comparison of the bank transfer and visa card / master card withdraw fees for most commonly used E-wallets

3 Paypal.com and the problems they create for users by closing their account without reasons:

4 Transferwise.com -Advantages and Disadvantages-

5 AdvCash.com

6 Payoneer.com –Advantages and Disadvantages-

7 Payeer.com

8 Skrill.com

9 Neteller.com

10 PerfectMoney.com

11 Ecopayz.com

12 Paxum.com

13 Epay.com

14 ePayments.com

15 Paytiz.com eCurrency Money Exchanger:

16 Airtm.com eCurrency Money Exchanger:

17 Worldremit.com:

18 Pingpongx.com

19 Dukascopy.com

20 Money.yandex.ru

21 Blackcatcard.com

22 Cashu.com

23 Webmoney,com

24 Spectrocoin.com

25 Paysend.com

26 Paysera.com

27 Bankera.com/

28 How to get ITIN:

29 Getting USA shipment address through Viabox.com:

30 Getting free phone number in US or Canada and other countries

31 Other online banks and Visa / Master card issuers

Here top international cards providers for some countries

1- payoneer.com

Payoneer is a financial services company that provides online money transfer, digital payment services and provides customers with working capital. Payoneer.com offers multiple payment solutions and overseas money transfer solutions. Payoneer virtual card has limitations while the physical card is easier to get. Payoneer does not offer cards for all countries.

2- Neteller.com

Neteller is an e-money transfer service used to transfer money to and from merchants, such as forex trading firms, social networks firms. It can withdraw funds directly using the Net+ card or transfer the balance to their own bank accounts. https://www.neteller.com/en has multiple payment solutions. You can transfer money overseas with multiple currencies. You can register and get master prepaid master card with Neteller. It might has physical card too.

3- Privacey.com

Privacey.com creates secure virtual card and complete check forms for you. You can create multiple virtual cards. You need to be resident in USA to register. It is used for security purposes. It is used for security purposes.

4-Paypal.com prepaid card:

PayPal Holdings, Inc. is an American company operating a worldwide online payments system that supports online money transfers and serves as an electronic alternative to traditional paper methods like checks and money orders. Paypal.com prepaid card is master card. You can register and get verified and apply for card from their website.

5- Qiwi.com/

Qiwi.com is a publicly traded Russian payment service provider headquartered in Nicosia, that operates electronic online payment systems primarily in Russia, Ukraine, Kazakhstan, Moldova, Belarus, Romania, the United States, and the United Arab Emirate. You can get plastic physical visa card and free virtual visa card. You can transfer money and receive money and apply for loans and international transections can be made. It is Russian company. You can check if it works in your company.