E-wallets vs Payment Gateway: How do they differ?

Since we are living in a digital age, karamihan sa ating mga consumers ay unti-unti nang inaadopt ang paggamit ng cashless payment methods to pay for goods and services. Everything can be accessible through the use of digital technologies at syempre kasama na dito ang pag process natin ng  ating money transactions. Speaking of which, Meron tayong dalawang kilalang payment methods. Ito ay ang E-wallet at payment gateway. Bagamat pareho silang may kakayahan na mag facilitate ng ating online transaction there are significant differences between them.

Tara, samahan nyo kong alamin ang pagkakaiba ng dalawa.

E-wallet. Ay isang digital wallet o system na ginagamit upang makapag save o transfer ng pera. Ginagamit din ito upang makapag bayad ng bills, goods and services. Plus, meron din itong features tulad ng Cash-in and Cash-out features at e-loading. Ito ay tulad ng isang bank account but you can access it on your phone or any device available. It will save you time sa pagbabayad ng bills and is more convenient dahil may security features din ang E-wallets at sure na safe ang pera mo once na nilagay mo siya dito. At isa ang PalawanPay sa sikat o kilalang  E-wallet na available at accessible sa ating bansa.

• Karaniwan, E-wallets charge fees for every transaction.
• User-friendly dahil hindi mahirap gamitin, pwede ka na makipag transact with just few clicks.
• Uses encryption and security protocols para mas safe para sa mga gumagamit 

Payment Gateway. Ito naman ay digital service na tumutulong sa isang consumer to process his online payment. They act as a bridge between the customer’s payment method and the merchant’s bank account, allowing for the seamless transfer of funds. Sa payment gateway, sinisigurado nila na secure ang process ng payment bago i-transfer ang fund sa account ng merchant. 

• They charge a percentage of the transaction amount as their free.
• Gumagamit din sila ng encryption, pero mas focused sila sa security of transaction between the merchant and the bank.

Furthermore, maaring magkaroon ng restrictions sa amount ng pera na pwede ilagay at transaction na pwedeng gawin sa e-wallet. Sa payment gateway naman, they are designed to handle large transactions at mas maraming options pagdating sa payment.