Are eWallets good for international payments? What are the exchange fees?

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Out of the dozens of eWallet websites and apps, which one is right for you? Do you actually need an eWallet if your main thing transfer money abroad? We look at eWallets from across the web with a particular focus on the larger ewallets like Paypal or Skrill with a hyper-focus on their exchange rates for international payments.

If your purpose is to transfer money digitally to another person, and you are trying to circumvent the bank to avoid hefty fees and lengthy process then you should consider the best international money transfer companies – companies like the world-renowned TransferWise will allow you to fund transfers through debit/credit card or a domestic bank transfer to a third party account. In other words you don’t necessarily need an eWallet.

The basics: What is an eWallet?

An eWallet is an online application that lets you deposit and manage money for online transactions. For many people, it is a convenient way to have funds available online for purchases like plane tickets or streaming subscriptions, without having to reach for their credit card. For a money management app like that to be considered a digital or eWallet, it must fit certain conditions. First, it must be able to keep money in your digital account for a significant period of time, just like a bank account would. Second, it should give you the ability to transfer funds from your eWallet back to your credit card or bank account. What these apps all have in common is they are all built especially to deal with payments between individuals (P2P), customers and businesses, and businesses to other businesses.

Available eWallets on the market

When researching which digital wallet might be right for you, keep in mind that fees, interest, and access options can vary wildly between companies, some are limited to only certain kinds of transactions, and not all eWallets are offered globally.

  • Adyen
    Global
  • Airtel Money i P2P
    Global
  • Alipay
    China
  • AlliedWallet P2P
    Global
  • American Express P2P
    Global
  • ApplePay P2P
    Global
  • Bank Of America P2P
    USA
  • Barclaycard i
    UK
  • BiyoWallet i
    USA
  • Boost Mobile
    USA
  • Brinks P2P
    Global
  • CapitalOne Wallet P2P
    USA
  • Chase
    USA
  • Circle App P2P
    Global
  • Citrus Pay P2P
    India
  • Discover
    USA
  • Due P2P
    Global
  • Ecopayz
    Global
  • epayments P2P
    Global
  • Facebook P2P
    Global
  • FreeCharge P2P
    India
  • GateHub.net P2P
    Global
  • Google Pay i P2P
    Global
  • Gyft i P2P
    USA
  • HDFC Bank i P2P
    India
  • ICICI Bank P2P
    Global
  • Leopay P2P
    Global
  • LevelUp
    USA
  • Mastercard
    Global
  • Microsoft Wallet
    USA
  • Mobikwik P2P
    India
  • Momoe i
    India
  • Moven i P2P
    USA
  • Mozido P2P
    USA
  • Neteller P2P
    Global
  • Official Payments
    USA