Glossary
What do the technical terms mean
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Payment does not have to be complicated. However, there are technical terms that are often not common.
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Wallet
Wallet is the English term for purse or wallet. In the field of payment transactions, a wallet corresponds to software that the user installs on his computer in order to be able to process online payments. This wallet contains either credit card and bank data or virtual coins.
How it works
The e-wallet offers the possibility of using virtual credit to make purchases in online stores or online portals. This payment method is widespread at online casinos, online betting sites, game portals, paid reading of articles from magazines or also at the auction platform eBay. These are mostly smaller amounts of money, as the use of credit cards would not be economically viable here. E-wallets do not require a direct bank connection. Payments can be settled on the same day.