Online money wallets in Germany
Well, it might be quite a surprise that cash is the most common method of payment, not only in Berlin but in the whole of Germany too, given that the country is doing well economically and technology-wise. It actually feels good to carry cash around, but once in a while, you may need to use online money wallets, especially when shopping on online stores and websites. Moreover, some people would prefer soft cash in money wallets to hard cash. Either way, both reserves of cash have value or purchasing power; it just depends on how you intend to spend the same. So, what are the common e-wallets that you can use to pay using money from your bank account quickly? Take a look at the following:
- PayPal
Who has never transacted on PayPal, be it in Germany or any other place in the world? PayPal offers one of the best and safest online money wallets. The best thing is that you can choose to either use your PayPal balance or wire the payment directly from your bank account. The best thing is that you can do this in more than one currency, actually in all known world currencies. Also, it would help if you knew that PayPal allows you to own either a business or personal account. Well, for business accounts, you’ll have access to lifted sending and receiving limitations provided your documents are intact and prove that you are the owner.
- Skrill
Skrill works more or less the same as PayPal only that it seems to be faster and dependable than the former. Moreover, Skrill is compatible with both a user’s bank account and any other specified mobile money wallet. Skrill is more of inclined to remitting funds to an account rather than paying for goods and services. All you’ll need is the recipients’ account number, address and correct name. You must know that for the transfer to go through, all the information including name on the address and account number of the recipient must tally or rather be the same. In addition to that, Skrill is known to have favourable and competitive transfer and exchange rates compared to most online money wallets in Germany and across the globe.
- Debit cards
A debit card will let your spend the money in a checking account electronically, without the cash passing through your hands. What you’ll have at the end of the day is a bank statement or receipt to confirm the transaction. Just like the name suggests, the cash is debited from your account immediately. There are various forms of debit cards in Germany, the most common being Visa, which is generally accepted worldwide.
- Credit cards
Credit cards work more or less the same as debit cards, only that now you’ll be spending borrowed cash. Different credit card holders have varying credit limits depending on their income and credit score.
- Payoneer
Finally, of course, you cannot depend on your hard cash to pay for international shipping, especially if the conditions require prepayment. In addition to that, you wouldn’t let go of a profitable global niche when Payoneer can quickly and securely facilitate international money transfers. Moreover, you can still make payment within Germany using Payoneer. The best thing about Payoneer is that it is seamlessly fast and allows you to transact in more than one currency.
