The 7 Best e Wallets of 2021 (Worldwide Wallets)

best e wallets
Photo by Blake Wisz on Unsplash

Electronic wallets are an excellent alternative to banks. Unlike banks, e-wallets have much simpler procedures. You can open an account in a matter of seconds, there’s no requirements, and you have access to an account to receive money worldwide.

Because it’s much simpler for customers, electronic wallets are taking a bigger place in the market.

In this article, we will review the seven best e Wallets, analyzing their pros, cons, benefits, and everything you need to know.

The Best e Wallets (Top Ranking)

1. Payoneer

best e wallet payoneer
Payoneer is the leading online payment company. It offers a free virtual wallet to all its users.


  • You can receive money internationally
  • Accounts in USD, EUR, GBP, JPY, CAD, AUD, and MXN.
  • Low fees and commissions
  • Account maintenance is free
  • Mastercard Prepaid Card offers
  • Many companies pay their customers for Payoneer


  • Personalized customer service sometimes takes time to respond.

The Payoneer account has no monthly maintenance, so that you can open a free account at any time.

This company offers its users accounts in USD, EUR, GBP, JPY, CAD, AUD, and MXN, to receive payments as if you had a bank account in that country.

Payoneer transaction fees are very low, and it’s an excellent account to receive money internationally.

With the Payoneer MasterCard, you can use your money to buy products in physical stores or online, or withdraw cash at ATMs.

It is the option most chosen by affiliate marketers, entrepreneurs, freelancers, and publishers.

It also has excellent tools for companies to send and receive massive payments to customers and independent employees.

Because Payoneer is the best-known company, many giant companies pay their users with Payoneer, such as Fiverr, Airbnb, MaxBounty, Upwork, etc.

Undoubtedly, Payoneer is the best electronic wallet, so it ranks first on this list.

2. Skrill

virtual wallets skrill
Skrill is another incredible virtual wallet to send and receive payments worldwide. It is the leading company in transactions and anti-fraud technology. 


  • Facilitates global transactions
  • Provides prepaid MasterCard at low cost
  • Low rates
  • Free account
  • Also offers Cryptocurrency wallet


  • VIP programs may have a very high barrier

With the Skrill account, you can send and receive money to any country in the world. More specifically, you can send money to bank accounts worldwide.

It also offers a virtual wallet to store your funds, spend them with the prepaid card, buy online, or receive payments.

The Skrill Prepaid MasterCard has very low costs. So it’s an excellent tool to withdraw money at ATMs or spend online or local stores.

Also, it offers maximum security since it’s regulated by the FCA (Financial Conduct Authority), which is an organization that regulates financial companies. The objective of this organization is to control its financial movements and ensure the rights of consumers.

3. Payeer

Payeer is an incredible payment solution to trade money internationally. With this virtual wallet, you access all your benefits.


  • Offers an IBAN WorldWide account
  • Free account maintenance.
  • Available in more than 127 countries.
  • Easy and quick to open an account
  • It’s regulated by the VFSC.


  • Support only through tickets

Payeer is an excellent electronic wallet that allows you to send and receive payments at the lowest cost.

With the creation of your account, you also access a cryptocurrency wallet automatically. So it’s also great.

It has many forms of deposit and money withdrawal, so it offers a great selection of varieties.

It also has benefits for merchants since they can integrate their payment system with your website.

Opening an account is completely free and is available in more than 127 countries around the world. There is no account maintenance.

4. Revolut

Revolut is another incredible virtual wallet to send and receive worldwide payments. It has an app that is very simple to use. 


  • Low and simple rates
  • It also has a crypto wallet
  • Offers travel insurance at low cost
  • Special prizes and discounts
  • There’s no maintenance fees in standard accounts


  • Premium accounts and metal charge maintenance

In all your accounts, you have a European IBAN account to receive payments worldwide.

One of its great benefits is that it additionally offers a crypto wallet. You can buy Bitcoin, Litecoin, Bitcoin Cash, XRP and Ethereum . However, it is only available in premium and metal accounts.

Also, as in most virtual wallets, you have a prepaid card that you can request from any country in the world.

Revolut offers special benefits for its customers, such as some discounts and rewards for using the card.

5. ecoPayz

ecoPayz is a platform to make secure payments with maximum privacy. With just one click to sign up for ecoPayz, you can access all its benefits.


  • Offers ecoCard / ecoVirtualCard
  • Exclusive prizes for its users
  • All account types are free
  • Various withdrawal/deposit methods


  • If the account remains active for more than 12 months, they charge USD 1.67 per month.

ecoPayz is a platform to make secure payments with maximum privacy. With just one click to sign up for ecoPayz, you can access all its benefits.

Opening an account in ecoPayz is easy and fast. With a few steps, you already have access to your account and all its benefits.

The rates, in general, are reasonably fair, and the account has no maintenance cost while active. If you don’t make any transaction for more than 12 months, you will be charged a fee of USD 1.67 per month.

In ecoPayz, you have different payment and deposit methods. To deposit, you can do it by debit/credit card, vouchers, WesternUnion, bank transfer, or Yandex.

You can ask for the ecoCard, which is a prepaid card to use your balance. You can order this card in USD, EUR or GBP. It also offers ecoVirtualCard, which is a single-use card.

6. Paxum

Paxum is a Canadian company that provides payment services and an electronic wallet to all its users.


  • Dedicated IBAN account to receiving payments in USD and EUR
  • Various withdrawal and transfer methods
  • Many companies pay through Paxum
  • It has benefits for companies


  • The costs to send/receive money to your bank account are high

Sending and receiving money with Paxum is very simple, and by simply opening the account, you have access to operate.

With the IBAN account in EUR and USD, you can receive international bank transfers as if you had a bank account.

Paxum also offers prepaid cards to its users, to buy or withdraw money at ATMs.

It is a great purse for freelancers, affiliates, and people who receive money in dollars or euros.

7. TransferWise

electronic wallet transferwise
TransferWise is an excellent platform to make international transfers. It offers a barrier-free account to use worldwide.


  • Low commissions to transfer money
  • More than 60 currencies available
  • Free borderless account
  • High level of transparency and security
  • FCA regulated company
  • The MasterCard card has no maintenance costs


  • Some transfers may take a few days to be credited

TransferWise is an excellent platform to make international transfers. It offers a barrier-free account to use worldwide.

TransferWise occupies the last place on the “Best e Wallets” list, but that is not inferior to the previous ones. But it is the best company in service and customer service excellence. So, we think is a “wise” decision choose this wallet.

All their rates are fair, and you can even see the origins of these rates. So I think its level of transparency is excellent.

It offers a borderless account, in which you can receive money from all over the world.

Besides, the MasterCard card has no maintenance costs. It’s the only company that doesn’t charge for maintenance (all of the above if they charge an annual fee).

How to choose the best e Wallet?

To choose the right virtual wallet, you have to take a series of parameters.

If you are going to use them exclusively to receive company payments, you should keep in mind that you have low reception fees. For example, Payoneer has very low commissions to receive payments.

On the other hand, if you are going to use it to deposit money and use it to buy online, you must check that it accepts deposit methods. For example, ecoPayz has many methods for cash deposit or transfer.

You will also want to make sure that they are companies regulated by some entity. All of the seven companies on this list are regulated by financial entities. In general, the majority is regulated by the FCA (Financial Conduct Authority). This type of organization regulates the financial movements of companies. Besides, it ensures the rights of consumers.

And also, of course, you must check all their rates and fees.

Likewise, prepaid cards can also be a decisive factor. Usually, these wallets offer MasterCard cards. But you should also consider if it is available in your country. Larger companies like Payoneer or Skrill send cards to almost everyone.

So, now you have all the information you need to know about the best e Wallets. Go and create your next account!


What is an e Wallet?

An electronic wallet is an online account in which you can save funds, send/receive payments worldwide, and manage your money.

What are the differences between e Wallets and banks?

Electronic wallets, unlike banks, are very simple to open, and with just a few clicks, you have an online account. Also, e Wallets don’t charge maintenance fees generally.

What parameters to take to choose an e Wallet?

The parameters for choosing a Wallet are security, maintenance costs, fees, services, benefits, and prepaid cards available.

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