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How to efficiently use e-wallets?


e-wallets are now one of the most-used payment methods on online stores and marketplaces. Though they are practical and safe, they need adapted management tool to seamlessly work with all other means of payment. At Limonetik, experts will help you choose the solution that best fits your requirements.


E-Wallets payment management with Limonetik


With its platform of cross-channel payment including E-Wallets, Limonetik is to help electronic commerce merchants expand their portfolios with the alternative payment methods required by surfers. Limonetik limits time of means of payment connection for e- commerce merchants sometimes in collaboration with the PSP. Furthermore, Limonetik allows marketplace bills automation along with paperless refunds. Limonetik’s specialty is creation and deployment of e- means of payment in order to improve the payment experience and to ease the entire customer relation.


E-Wallets, a new way to pay online purchases


In recent years new technology has begun to transform the way we shop. Online retail has gone from being a minority activity to a mainstream business and cards have overtaken cash as the most popular form of payment. Mobile payment applications have also appeared and now E-Wallets have also arrived. These EWallets are proving to have the ability to fundamentally change the way we pay for our goods both in regular shops and at online stores. In fact, some observers feel that E-Wallets will eventually replace physical wallets as being the most common way to pay for goods, much in the same way that card payments are now more popular than cash.


How E-Wallets are used


E-Wallets are an excellent way to speed up the payment process and make it more secure. In the physical store, the customer only has to select his desired account and swipe his smartphone near the checkout in order to pay for his goods. Clearly, this is much faster than the traditional methods of paying by cash or card. As the customer does not need to use the terminal, there is also less opportunity for the pin number to be copied.


Using EWallets online


The rise of E-Wallets also has implications for online retailers. Here, the user no longer has to type in his credit card details, therefore increasing security and allowing the checkout process to be faster. This can combat one of the major causes of abandoned carts and is therefore of great benefit to the online retailer. Such retailers are therefore keen to have EWallets enabled on their websites but the technical difficulty and financial investment required to do so may prevent him from doing so. Thankfully, Limonetik has solved this problem with their innovative and multi-channel payment platform.


Using E-Wallets on the Limonetik platform


The Limonetik platform is designed to allow the retailer to accept a wide variety of payment types. These can include credit and debit cards but also vouchers, gift cards and loyalty points. It also allows the use of mobile payments and E-Wallets. The use of EWallets means that the customer can pay for his goods far quicker and easier, which boosts sales and is therefore of great interest to the online retailer. The Limonetik further benefits both the customer and the retailer by allowing the use of multiple payment types to complete a single purchase, while also enabling a variety of payment processes, such as deposits and installments.


Learn more about Limonetik


Limonetik is a platform dedicated to online retailer’s vendors who are interested in payment solutions development and deployment in order to offer the best possible payment experience, which increases customers engagement. Effective complex electronic payment management is now feasible with Limonetik, even if a wide range of means of payment is available including classic credit card, online gift cards, online holiday vouchers, coupons, prepaid cards and accounts, e- wallet. Limonetik platform expands to dematerialised compensation, as well as processing, collecting, foreign currency translation, reconciliation of accounts... as a specialist in cross-channel payment, Limonetik allows e- commerce sites to respond to an evergrowing demand from ultimate buyers. Limonetik helps to accelerate the means of payment set-up for online retailer’s vendors sometimes with the support of the payment service provider.


 

Experience the new world of payments

The change is already underway! Local payment methods, marketplaces and platform economies are key payment trends for the 2020s.