What is E-Money?
If you are not familiar with the term E-Money (electronic money) you might recognize it by one of the following names: E-Currency, Digital Currency, Digital Cash, Electronic Cash or Virtual Cash.
E-Money refers to electronic payments system. E-Money allows user to send instant money transfers to any other e-money user thru internet.
E-Moneys are available worldwide, thus you can send/receive money to/from anyone, anywhere on the world.
Instant transfers, low fees and worldwide availability makes E-Money a good choice for buying stuff online and sending/receiving small payments for services to/from persons located on the other side of the world.
Great feature offered by most E-Moneys is automated merchant interface. With it all kinds of businesses can receive payments instantly and provide instant delivery. When seller don't have to manually process orders and worry about losing money do to chargeback caused by bad creditcard payment, often service/product is available for significantly lower price.
Funds to e-moneys can easily be added/withdrawn with bank wire, credit card, check, e-money exchanger and other methods (excluding few e-moneys which can be obtained/sold only thru third party exchanger).