Someone explain to me what an e wallet is and what it is for

It's electric and has a recognition function.

The biggest advantage is obviously the convenience. The biggest disadvantage is the security performance, before I went to the bank to open an account, the bank counter sister told me that the security of the e-wallet is not high, but as long as the amount is not large, it generally does not matter. My sister is from Ping An Bank, and she said that their supervisor told them that the theft of e-wallets was quite serious recently.

If you receive a text message that you have been withdrawn from another place, you must find the nearest ATM to withdraw a sum of money as soon as possible, which is used to prove that your own person is local and the card is also local, and it is impossible to withdraw money from another place. In this way, if the police are called later, it can be proved.

There is no real sense of spending money anymore.

E-wallet advantages:

1) The system will open a personal e-wallet file for the e-wallet server, in which consumers can add, modify and delete personal information.

2) Online payment. After selecting the goods online, the consumer logs in to the e-wallet, selects the online bank card, and sends a payment instruction to the "Financial Union" payment gateway to make the payment.

3) Transaction record inquiry. Consumers can check all historical transaction records of payments made through the "Financial Union" e-wallet.

4) Bank card balance inquiry. Consumers can check their personal bank card balances through the "Financial Union" e-wallet.

5) Merchant site links. The "Financial Union" e-wallet has many merchant site links, through which users can directly log in to the merchant site to make purchases.

E-wallet cons:

Disadvantages, change consumption habits, and rationality when thinking about consumption will be reduced. For example, if there is no moderation in spending money, the money on the e-wallet account is equivalent to a number, and it is not felt to spend money lavishly. Funds are safe and secure, but they can also be easily stolen!

The online payment process of the sub-wallet:

1. Preparatory work: the customer applies for a corresponding credit card at the e-wallet payment bank, and obtains the corresponding e-wallet software through the network at the bank; Online merchants who support the bank's e-wallet must also apply for and install the corresponding e-wallet server-side software.

3. The customer adds the corresponding credit card application to his e-wallet and installs the digital certificate of the credit card.

4. The customer uses a computer to connect to the merchant ** through the Internet, such as IGO5 to find the purchased item.

5. After checking and confirming their shopping list, the customer will use the e-wallet to make online payment (actually choose the corresponding credit card, such as the Great Wall debit card).

6. If the card issuing bank confirms and is rejected and not authorized, it means that the card is not enough money or no money, and the card can be replaced and paid again.

7. After the issuing bank confirms that the card is valid and authorized, the back-end network platform will transfer the funds to the merchant's acquiring bank, complete the settlement, and reply to the merchant and the customer.

8. The merchant is as determined.

Make model: iPhone 13 Pro

System: <> e-wallets are a commonly used payment tool for e-commerce shopping activities. Electronic money stored in an e-wallet, such as e-cash, e-change, e-credit card, etc. Use your e-wallet to shop.

It usually needs to be done in the system of e-wallet services. The software for e-wallets in e-commerce activities is usually available for free.

An e-wallet is a part of the Secure Electronic Transaction (SET), which is a piece of computer software that allows consumers to make electronic transactions and store transaction records. Consumers are required to install an e-wallet that complies with security standards before conducting secure electronic transactions on the Internet.

There are two concepts of e-wallets: one is pure software, which is mainly used for online consumption and account management, and this kind of software is usually linked to a bank account or bank card account. The second is a smart stored-value card for small-amount payment, in which the cardholder deposits a certain amount of money into the card in advance, and the transaction amount is directly deducted from the stored-value account during the transaction.

Customers who use e-wallets are usually required to open an account with the relevant bank. When using an e-wallet, the e-wallet is installed on the e-commerce server through the relevant e-wallet application software, and the data on your various e-money or e-financial cards can be entered into the e-wallet service system.

E-wallet is an electronic payment tool commonly used by online customers in e-commerce activities, and it is a new type of wallet commonly used when making small purchases or purchasing small goods. E-wallet has always been a hot topic in e-commerce activities around the world, and is also an important tool to realize global electronic transactions and Internet transactions.

1) Personal Information.

The system will open a personal e-wallet file on the e-wallet server, in which consumers can add, modify and delete personal information.

2) Online payment.

After selecting the goods online, the consumer logs in to the e-wallet, selects the online bank card, and sends a payment instruction to the "Financial Union" payment gateway to make the payment.

3) Transaction record inquiry.

Consumers can check all historical transaction records of payments made through the "Financial Union" e-wallet.

4) Bank card balance inquiry.

Consumers can check their personal bank card balances through the "Financial Union" e-wallet.