An Evident Combat: Digital Wallets versus Plastic Cards

“All great changes are preceded by chaos. The disruption we see in the world is the prelude to emergence. We must become what we wish to see by transcending our limited tribal identities,” says Deepak Chopra, a prominent author in the New Age movement. Certainly, the arch chaos of humankind is the uncertainty of the future, especially when it comes to our basic instinct, survival. After the virus breakout in the Chinese city of Wuhan, we have faced incidents that popped right out of a science fiction movie. Masks, fear, skepticism, uncertainty, and being locked down in our homes. The most perceptible form of confusion!  Then something strange happened, and we have learned how to adapt to this new world. This process evolved our daily routines into new ones. One of them, maybe the most crucial one, was the methods of our payments without leaving our safe zones, homes. The solution was provided by a technology that was already present. A digitized financial system. Digital wallets!

What is a Digital Wallet?

Digital wallets are e-wallets (Electronic Wallets) enabling holders to operate electronic transactions. These services may include sending, receiving, and keeping money whereas they can also provide pre-determined payments such as utility bills, charity donations, rent, annual tax payments, or mortgage loans. It can be easier to consider them as an actual bank account or a physical wallet where you can control online. But in digital wallets, a specification steps forward: the functionality! 

What is a Plastic Card?

In a nutshell, a Plastic Card is a monetary medium that comes as a credit card or other card to shop or get money from the bank. The types of plastic cards can be divided into two: Credit cards and Debit cards. Although they are both issued by traditional banks, they differ on the subject of money usage. A debit cardholder can spend only the deposited amount whereas credit cards grant you an available credit line to make purchases. You can pay back your debt over time in monthly payments.   

Comparison of Digital Wallets and Plastic Cards

In pillar fundamentals, a digital wallet and a plastic card are not apples and oranges in the terms of shopping online. On the other hand, when it comes to international money transfers and predetermined payments, credit cards are not only insufficient but also useless. Whereas digital wallets enable you to organize your money flow, debit/credit cards can be only your payment medium in physical and online stores.  The time we live in does not leave room to take it slow, quite the contrary, we are like a hamster on a wheel. Thus, none of us have time to apply for credit cards connected to a bank account. Considering how exhausting it is to wait in the queue for your turn and to be obligated to provide a bunch of documents, the picture becomes clearer for those who are apt to own one. Unlike these cards, registering into a digital wallet is hassle-free at the comfort of your mobile device.  How about you have both? Many of the digital wallets provide a debit card to their users to utilize. They come with prestigious providers such as Mastercard and Visa. Every transaction will appear in your app in seconds, therefore it would not be inaccurate to accept e-wallets more secure than traditional credit cards.  Our digital wallet, Jeton Wallet, is an avant-garde e-wallet service with the aim of full customer satisfaction. Despite our opponents, we are highly conscious that every user has different needs, and that’s why we offer tailor-made solutions for both individuals and businesses. Create a Jeton account today and join us to benefit from our convenient services!