Despite the volatile market of cryptocurrencies, these digital monetary systems are on the rise in popularity. Especially with online casinos and international gamblers. Although Bitcoin was only introduced back in January 2009, it has spearheaded an entire revolution. The advantage of this decentralized money is that no central entity controls it. It relies specifically on a peer-to-peer network, ensuring that all users can opt out of using it at any time. Thus creating a free-market structure. Furthermore, the system has created a compatible mobile currency and has helped minimize transaction fraud through encryption technology.
Instant Banking by Citadel Commerce, first launched way back in 2000, making it one of the oldest and most trusted payment processing brands in the e-commerce industry. Like other online banking payment systems, it uses the same bank transferring technology as all large banks across the world. Due to this, you can use Instant Banking across twenty different countries and it supports over three hundred financial institutions. Since it is an online banking platform, the only thing you need is being above the age of eighteen. And that you have sufficient funds to make your merchant transaction.
Neosurf is a very popular online prepaid payment system that was initially launched in France but now operates across more than ten different countries, including Canada. Like other prepaid cards, purchasing one is as simple as walking into a local retailer that carries them and buying the amount you want. Many local retailers include grocery stores, supermarkets and convenience stores.
Payoneer is a digital payment service provider that facilitates mass payments and online money transfers to Payoneer account and Payoneer Mastercard holders. The company is known for allowing both business owners, professionals and even freelance contract workers to receive payments from international clients who work within global marketplaces such as Amazon, Google, UpWork, Fiverr and Airbnb to name a few. The company has recently added in CAD and AUD currencies. So that those who reside in these countries can withdraw to their Payoneer accounts in said currency. Unlike other e-wallets, opening an account with Payoneer is equivalent of opening a bank account online.
UseMyServices, formally known as UseMyBank is an online intermediary payment system that works around the world and is extremely popular in both Canada and the United States. It was launched as a payment solution way back in 2002 from Toronto, Ontario and allows real-time debit transactions from one bank account to another. What makes it incredibly private and secure is the fact that no credit card or banking information is shared with the merchant whom you are purchasing from. This means that all of your information is kept confidential regardless of where you conduct your transactions. All transactions that are made from one bank account to another is treated as a debit transaction, ensuring that there are no fees or caveats with limited transaction ceilings.