If you know how to use them, e-wallets and money management apps can save you a lot of time and money. There are plenty of them out there, each with their own strengths and weaknesses. Part of the challenge is figuring out which one is right for your needs, whether those include personal finance, business management or organizing payments.
Depending on your priorities, one option will be better than another. If you’ve never tried a money management tool, it’s a good idea to try one and see how much money and time it helps you save.
Here are some online money management tools and payment options that can be a big benefit to you:
Trustly
Trustly is a global leader in open banking, its stated mission is to make open banking payments the standard, pushing the technology to be more attractive than a traditional credit or debit card.
The key security features Trustly employs are:
- Data encryption in transit
- Use of credentials supplied by the bank
- Granular access rights and privileges
- GDPR-compliant retention periods for transaction data
- Disaster recovery and business continuity capabilities, ensuring service uptime
Using its digital account-to-account payment system, Trustly ensures high speeds, simplicity and top-level security when it comes to payments.
Outside of its built in security measures, Trustly offers a helpful guide giving users advice on how to add additional layers of security.
A lot of gaming platforms have implemented Trustly as a payment system. This can be seen clearly in the iGaming industry where users are notoriously wary. iGaming users actively seek out platforms that support secure digital payment methods over simple debit or credit transactions. This trend can be seen reflected in a recent article about the pros and cons of Trustly casinos at https://www.newcasinos.com/, which is a go-to resource with in-depth reviews to help you discover new online casinos.
Neteller
For those who need more of an e-wallet, Neteller has always prioritized great security measures so that you can make transactions with peace of mind. Neteller’s speeds are also quite fast compared to alternatives like PayPal.
One of Neteller’s most useful features is the 6-digit security code sent to your phone every time you wish to make a payment. This authentication feature is a great way to make sure every payment made from your account has only been completed with your permission.
Neteller’s recent surge in popularity is related to them being a payment option for online casinos. It’s easier than ever to find e-merchants, online casinos and other online places that accept Neteller.
YNAB
Short for “You Need A Budget”, this money management app is very flexible and scalable thanks to its account sharing plan, where up to six people can share an account. This makes it perfect for roommates and families trying to manage their bills and budgets or small businesses.
YNAB is a little more complex to use than the average money management tool, so it might be best used as an upgrade over another tool instead of as a first choice. As useful as budgeting tools are, they aren’t for everyone. Spending money on them without using them properly can end up being, ironically, a poor way to manage your cash.
Luckily, YNAB is very affordable, so even if you try it out for one month and decide it’s not for you, not much will have been lost.
Nerd Wallet
For money management tools that won’t cost you any money at all, Nerd Wallet has been a popular choice for years. Despite being a free app, it isn’t bloated with ads like many others. It’s a great choice for individuals or small businesses operating on a tight budget.
It’s great at analyzing your personal finance, including net worth, credit scores and more. It even comes with tutorials that are designed to help you learn how to use the app effectively, and how to track all your transactions.
Spendee
Some people are visual learners, meaning they really need to have an abundance of different colors and shapes to help guide them through things. If this sounds like you, you will love Spendee’s dedication to top-notch visuals.
Instead of focusing on words and numbers like most money management and payment tools, Spendee places a big focus on graphs and charts so you can see a highly accurate visual representation of your budgeting and spending. Spendee can also be linked to your bank account, so you can set up payments in advance.
Spendee has a lot of useful features to track your personal finance goals. If you’re saving up for a specific gift or vacation, you can have a side budget goal that tracks how close you are to it. Spendee is also excellent for account sharing, so it can be used by several people saving up for the same goal.
Skrill
If you need an e-wallet that’s great for multitasking and managing several different accounts and budgets, Skrill will be a great choice.
Skrill supports over 40 different currencies, so it is superb for making transactions or managing budgets when dealing with multiple countries or different vendors and customers from around the world.
Compared with other e-wallet sites or money management apps, Skrill has very low fees per transaction. This makes it a convenient choice for those who make frequent small payments.
Simplifi
Simplifi is one of the best money management apps around thanks to its dedication to frequent updates, excellent speed and mobile app functionality. This has helped make it a popular choice for people who prefer to do their money management on the go.
There is no free version, but for a small fee, Simplifi can be tested for very little on your part. As the name implies, Simplifi is excellent at turning normally complex tasks into straight-forward ones, including finance reports.
One of the biggest draws of any high-quality finance app is its ability to reduce the amount of time it takes to scan and analyze reports, charts and financial data. If you feel you are always short on time and want the most no-hassle experience a money management app can provide, Simplifi can help ease your financial workload.
