Technology has made it possible for the world to shift from using paper money to going cashless. One way to go cashless is by using digital wallets, such as FAB’s payit. payit eWallet is an online wallet where you can store, access, use, and keep track of all your money.
It’s the digital equivalent of carrying around cash. Now all you have to do is have the app on your phone, and you’re set to leave the house. Not convinced? Here are 5 reasons to use payit eWallet.
payit eWallet ensures that your money can’t be stolen from your person, unlike in the case of cash. It’s fast, convenient, simple to use, and has a lot of different features to offer. payit also provides a huge range of cashback offers that you can take advantage of.
Keep reading to learn more about the reasons we’ve outlined above. We’ll go into detail about why payit is a good eWallet to use and highlight features such as QR and sound payment methods and bill splitting.
Going cashless might sound a bit daunting, especially to older generations who are not too familiar with what technology can do. Well, to put your mind at ease, here are 5 reasons why the payit eWallet is something you should make use of:
Unlike traditional wallets, a payit eWallet can’t be stolen. This eWallet is just an app you download onto your phone. Hence, if you bump into any thieves trying to mug your wallet, they will not be able to do so.
The e-wallet is also password-protected, and all payment terminals are encrypted. The app ensures that no sensitive information, like credit card and personal identification numbers, is disclosed.
In the event of your phone being stolen, payit advises you to immediately call their call center, so they can delink payit from your device. Aside from existing encryption, there are multiple other features to protect your assets.
One of them is the verification system. If anyone enters the app’s password or PIN incorrectly 3 times, they will be automatically locked out. If you get unblocked, you can call the center, and they will walk you through the unblocking process, which is relatively easy.
The call center will provide you with an OTP, which will allow you to create a new 4 digit PIN. You can also do this by emailing email@example.com from your payit registered email. The email process will take a maximum of 2 working days.
The help center is available not just for forgotten pins or blocked accounts but also to help you update any information.
If the reasons mentioned above haven’t already convinced you of how secure payit is, you should also know the following:
We’ve already established that payit eWallet is extremely safe. However, did you know it is also less costly than other digital wallets? Other than the transaction and balance transfer fees, payit digital wallet is completely free. There are no subscription or sign-up fees needed to make and maintain your account.
payit also offers various promo codes that you can easily avail. These promo codes are cashback offers, and each has its own terms and conditions that you should go through.
All of payit’s current cashback offers are available on the site and are for one-time usage. Be aware they cannot be applied before payment, as they are cashback offers. So until payment is made, the cashback will not be credited to your account.
Here is a list of the cashback codes you can use:
Remember to check out payit’s site for the full terms and conditions on all offers.
Often people think that digital wallets are inefficient when it comes to transferring money. But that’s not the case. E-wallets are a godsend. All your money and essentials are right there on your phone, and you can easily make all sorts of payments and money transfers digitally.
One of the best features of payit is MoneyGram. The MoneyGram feature allows for quick international money transactions to more than 200 countries. Using MoneyGram means you won’t have to go to the bank and wait in a long queue.
Whomever you are transferring the money to can easily pick it up from their closest money exchange agent, and all this is done at zero fees from the comfort of your home! All in all, this service is also available 24/7, offers competitive rates, and easy money pick-up.
payit also offers QR codes and sound payments. No matter where you are, whether it’s the mall, an outlet, a diner, or at a retailer – you can use payit for it all.
payit eWallet is also simple to use. It doesn’t require a lot of work to use. The app allows you access to stores through the payit marketplace and offers rewards, too – all from one place. It also allows for quick transfers without having to maintain a monthly minimum balance.
You can manage all your transactions with a simple keystroke or swipe. It is cashless, hassle-free, and can be done in just a second.
Domestic help can also be paid with payit. The process is easy and convenient. The transactions are cashless, on time, and trackable. Your domestic help will also have the benefit of being able to easily withdraw cash from any ATM. They can also keep track of their monthly payments and salary packages.
Last but certainly not least, payit has multiple features you can take advantage of.
One great feature is bill splitting. Don’t you just hate it when you’re out with friends and then the time to split the bill comes? You have to calculate the exact amount everyone owes, and it just takes up a lot of time. Luckily, bill splitting makes this easier.
Will a single tap, you can easily split the bill with your friends without having to do any of the stressful calculations. Walk away from the restaurant or café happy and carefree.
You can also take care of subscription payments with the Fee Collection Solution. School payments can also be made through payit!
Accessing cash money on your payit eWallet is easy. All you have to do is select the “Cash Out” option on the app, and you can easily withdraw money to your bank account or ATM.
When at a store or making an online transaction, you can quickly type in your payit account number, and voila! You’re done.
Yes, you can. Transferring money from your payit eWallet is easy. Just select the “Cash out” option and then select the “Bank Transfer” option. After that, enter the account name, IBAN, and add the account as a beneficiary for future transfers.
Your eWallet will grow in space the more you use it and the more beneficiaries you add. It will also become even more encrypted with prolonged use to safeguard you against phishing, currency conversion, fraud protection, cash advance fees, and much more.
Yes, anyone can use payit! payit is a secure and user-friendly digital application, working as a pseudo wallet. It prides itself on being available for everyone free of charge. The payit manufacturers are completely transparent about the services the app provides.
Yes, they are. International transfers are made to be very easy on payit. Here’s everything you need to know about international banking on this particular e-wallet.
The currency rate systems on payit are constantly being updated every 3 minutes. Choose any country, and you’ll be able to see the exchange rate payit offers without a hassle. When you press the “Send” button to go ahead with your transaction, only the latest exchange rate will be applied.
International transfers take around 2 to 3 working days to reach the beneficiary. The second you press “Send,” payit works to ensure that the transfer reaches its location without fail or any error.
Making international transfers on payit is easy. All you have to do is follow these steps:
Digital wallets are the future. They allow you to go cashless and ensure your safety and a stress-free banking experience. E-wallets are the future, and payit is an excellent option to choose.
payit helps with more than just national banking. It allows you to easily transfer money to international accounts without worrying about calculating the exchange rate. This is the future, and it is a digital one.