Emily Clarke

3 Things You Can Add to Your Digital Wallet

Paying with a digital wallet is the modern, convenient way to pay for things online and in stores, but what is a digital wallet? More importantly, what is a digital wallet going to do for you to make transactions faster?

A digital wallet is essentially an online account where data are stored. This data can be accessed from your smartphone or a desktop browser by logging into your digital wallet account. Much like a traditional wallet that can hold cash, credit cards, gift cards and other payment methods, a digital wallet can provide multiple ways to pay for things, but it can also hold other important data that may be useful when making purchases.

Below are three things you can add to your digital wallet:

1. Credit and Debit Cards

Adding credit and debit cards to your digital wallet means you can use these cards to pay for things without needing to have the cards present. The information from your credit and debit cards is stored in your digital wallet, which can be used to pay for things online or in stores that accept digital payments.

2. Coupons

Clipping coupons is a great way to save some money when shopping, but keeping up with clipped coupons can be a hassle. Not only can clipped coupons get lost, but they can also get torn and ruined when you keep them in a traditional physical wallet.

A digital wallet allows you to store coupons electronically. These can then be recalled when you go to pay for purchases. In most cases, digital coupons will come with a QR code that can be scanned or a code that can be entered at the time of checkout.

3. Personal Identification

Many digital wallets also let people store personal identification documents. Your driver's license, state ID card or other identifying documents can be added to your digital wallet for quick retrieval if you need to prove your identity. This can make in-person transactions more efficient if a store needs to see your ID to verify a purchase, your age, your address or other identifying info.

Author Resource:-

Emily Clarke writes about multiple payment platforms, payouts API, marketplace payouts and more. You can find her thoughts at payouts API blog.