A wallet payment method allows you to make a payment with a digital or virtual wallet. To do so you must first deposit money into an account. The money that you have in the secure account is what you’ll be able to use when you’re making your payment.

One of the main benefits of using this type of payment method is that you won’t have your bank’s information shared with anyone online. Some of these online wallets will allow you to link to a credit card, debit card, or bank account so that you can use these to fund your wallet.

While many people enjoy the security of this payment method today it is still a good idea to use caution when using them to pay for something. Nevertheless, using them will make it much easier for you to buy things online today.