The electronic money phenomenon
Digital money is the virtual equivalent of conventional money that we are accustomed to. Similar to how we put our cash in our wallet, digital money is stored in digital wallets within various electronic payment systems.
Digital money and electronic payment systems are becoming more and more popular with each passing year. The main advantages of electronic money are the speed of transactions, convenience, and security.
What do we need digital money for?
-Online purchases. We use digital money every time we buy anything in online stores such as Ebay, Amazon and AliExpress.
-Utility payments, ticket purchases, credit repayments, cell phone service and internet access payments, and so on.
-Salary payments. If you work online, electronic money is your only option.
-Security. If you use digital money, you don't reveal any personal or financial data that can be used by scammers.
-Instant money transfers. Digital money transactions are carried out much faster than cash transfers.
Electronic money can be used in numerous ways, everyone will find electronic money useful in one way or another.
Digital money exchange
Currently, there are lots of payment systems and digital currencies out there. This abundance of options makes it easier to make payments and money transfers around the globe, but, on the other hand, may make it harder to do accounting and withdraw funds.
Digital money exchange is crucial in modern online business. Freelancers, webmasters, and small business owners sometimes have to work with partners that use different payment methods. It might be other digital currencies or other payment systems (for example, OKPAY, WebMoney, PayPal, etc.). In such a case, in order to do business, one might have to have wallets in many of payment systems and manage them separately.
This is why people who work online rely on the use of electronic currency exchangers in order to transfer money from one system to another and then withdraw cash in the most convenient way for them.
Exchange rates monitoring services
As it is commonly known, demand begets supply, and since the number of people who want to exchange their money online is really high, numerous exchangers are there to cater to the demand. Each service offers its own rates, fees, reserves supplies and other things.
Not all exchange services are trustworthy. Some of them are run by scammers who only want to get your money no matter what it takes. You will never get your money back once you give it over to scammers.
In order to prevent such an outcome and separate dependable exchangers from fraudsters, monitoring services were created. OKchanger is one of the most reliable monitors out there. Its goal is to gather information about the most trustworthy exchangers and put it in a user-friendly way so that people could choose the best exchanger fast and easy without losing their money on fraudulent websites.
How do exchange rates monitors work?
Monitors store information about vast numbers of exchange services, various exchange directions, exchange rates, reserves supplies for each exchange direction and more. The information is always updated in real time so that users can get the latest data when accessing the service.
OKchanger saves your time and money allowing you to quickly find the best exchange options and the best rates, without compromising on the fee.
Monitors are free-to-use "middlemen" that not only help with finding the best deal, but also solving problems that may arise during the process of currency exchange. For instance, if you have not received your money in due time, the monitor can contact the exchanger's administration to solve the problem. In order to get to the website of an exchanger, just click on its name and you will be redirected shortly.
All kinds of additional options and filters can help you sort information by certain parameters, such as rating and exchange rate. Exchange calculators can quickly calculate how much money will be received as the result of an exchange.
Nice things
Most monitors give visitors special bonuses for using their services, participation in client attraction programs and special offers. Affiliate programs give earnings for bringing in new clients. Moreover, partners can create accounts on currency exchangers and keep track of their earnings.
Exchange rates monitors are an indispensable tool for electronic money users. Monitors facilitate beneficial, fast and secure electronic currency exchanges, do information gathering for clients and make mutual settlements a lot easier.
Posted on
12 September 2016
