What are the risks of using an E-wallet? Where can you use E-Wallets?

The mere risks of using E-wallets are these:

  • Revealed passwords can lead to theft.
  • There is no facility of refund; the amount is only redeemable against a purchase.

There are many more segments where you can use your E-wallets and some of these are:

Online Grocery Stores

Big Basket.com, a Bangalore based online food and grocery store, offers an e-wallet facility for a simple payment option. The e-wallet on this site can be filled up with any sum of money, starting from as low as Rs 10. The maximum money that can be stored on Big Basket’s e-wallet is Rs 10,000.

Utility Payments

Paying the electricity bill, phone bill, mobile bill and even booking a seat at the theatre can now be done with OxiCash. Your OxiCash e-wallet can be filled and recharged using net banking, debit cards and credit cards or even cash payments at OxiCash retail outlets.

Fly prepaid

If you are planning a vacation and fear spending the saved money elsewhere you can save up with, Lusso Trip’s e-wallet facility. Customers generally keep a Rs 10,000 balance on their e-wallet and save up as much as Rs 1 lac to book tickets when they want to.

E-wallet on mobile

Airtel Money transforms the mobile phone into a convenient wallet. The digitised money can be used on several shopping sites like ebay.in, Home Shop 18, Myntra and Book My Show. All one needs to have is an Airtel connection.

Buying Online

E-commerce major Flipkart was one among the first few to start am e-wallet service in 2011. Flipkart introduced e-wallet service to its customers, in addition to their cash-on-delivery option. Consumers can create an e-wallet and fill it up to Rs 10,000 at a time.

Recharging Mobile Phones

At Munkey.in, an e-wallet service, a mobile recharge can be done automatically on an auto disconnect missed call to their number. A customer can also go for scheduled recharge option where a filled e-wallet can recharge a number or DTH connection on set times of the month.

For more information click here:-www.feegenie.com

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