What are e-banks and a list of the best e-banks in 2021

What are e-banks and a list of the best e-banks in 2021

What are e-banks and a list of the best e-banks in 2021

Maybe you've heard of the term e - banks before, so what are e - banks? And what are its features? What are the most popular e - banks for Arabs? All of this is going to be recognized today in detail, so that we can put in your hands credible evidence about electronic banks.

The world has recently witnessed an increase in cash and financial flows in both trade and global investment, paralleled by the development of information and communication technology, which some call a technological shock.

As well as the widespread use of e-commerce, which is the sale and purchase of the Internet, e-commerce owners themselves have been forced to seek easier and faster means of performing bank operations, such as withdrawal, transfer and deposit, mainly because of the nature of their business.

Hence the need for a new quality of non-traditional banks, which do not adhere to a specific location or time, which has led to the emergence of e-banks to meet the need of modern times.

Now come get to know her...

What are e- banks?

E-Banks are electronic payment systems that enable customers to conduct a range of financial transactions through the bank's own website by creating a customer's own online account.

E-Banks are either virtual banks that create websites to provide the same services as the traditional bank, and do not provide services in the form of traditional bank branches.

It belongs to a traditional bank that operates an electronic financial services website, that is, a traditional bank for which it also makes an electronic bank.

Of course, the e-Bank is not only a website, but also a comprehensive financial, administrative and advisory system, and it is also licensed and allowed by the responsible bodies of each country.

Of course, the way an online bank account is opened varies from bank to bank, but it's all very simple and simple. Also, a lot of e-banks give you a special visa with which to make your financial transactions through ATM machines easily.

The rise of e-banks began after the wave of mergers and acquisitions of financial industries in the late 1990s, leading to an expansion of traditional bank customer rules so that banks are considering providing online banking services as a strategic necessity.

It was also attractive in terms of lower transaction costs, ease of services and other advantages that enhanced profit margins and reduced overhead costs.

The first known bank of banking services started to be published on customers' home computer in 1980, and allowed customers safe access to their account information. The bank included some online financial transactions, so the idea of electronic banks evolved over time, and different countries began to apply the idea.

What's the difference between a traditional bank and an e - bank?

The traditional bank has physically existing bank agencies and has its own shell branches through which you can make your normal physical transactions after opening a bank account, and the main advantage of the traditional bank lies in the direct contact between the customer and its bank adviser.

The electronic bank provides the same services as the traditional bank, i.e. chequeen account, loan, savings and insurance products, etc.

But you're free to choose to do your online transactions from your computer without moving to a bank headquarters itself.

E-Bank Features

1. Most of the time, e-banks offer many services that give you great ease and advantage, which are often not provided by traditional banks.

2. The confidentiality and security of transactions so that the person can be assured during the course of the transaction, because they rely on an electronic protection system known as the Secure Communication Layer, which has been developed to protect and secure data against hacking and fraud.

But many businessmen are advised not to leave giant sums in electronic banks to ensure that you don't hack and keep yourself from losing, perhaps because your account is more vulnerable.

3. The possibility of performing bank transactions at any time of the week and 24 hours a day, which gives you a lot of time and effort without having to go to the bank and wait a long time, where you do bank operations for you without having to move out of your place.

4. The speed of the electronic bank operations on the ground banks, where you can do all your transactions in a few minutes.

At the bottom, we will talk about the best and best - known e - banks you can handle in 2021, which allow all customers, online shopkeepers and others to conduct online financial operations, such as sending, transferring and receiving funds in all Arab countries.

Most famous e-banks that allow most Arab States to be dealt with

You can check the availability of the bank's services you choose in your Arab country via the bank's website.

1. PayPal

The PayPal is one of the most popular and leading online payment banks in both the Arab world and the world at large.

Some 254 million people use the website for online financial transactions, allowing all clients, whether individuals or persons, to deal easily and safely through their personal accounts or websites.

As this bank is known for its widespread use in more than 200 different countries, you can confirm the bank's work in your country via the bank's own website.

One of PayPal's most important features

You can record an account with PayPal with an e - mail and a certified bank account only.

You can draw money into your bank account, credit card or advance visa cards depending on the choices available in your country.

You can use currencies other than the dollar, there's about 25 currencies available in PayPal.

PayPal remains the most used in many self - employment platforms.

The characteristics and features of the PayPal are not all available to all countries of the world in a single way.

There are States that they don't support in any way, and they can't open an electronic account on it.

Other countries from which subscribers can only send money or buy and pay online, but cannot receive or withdraw funds.

Other countries can only receive money, and they cannot send money.

However, many countries have access to all services, such as receiving, sending and withdrawing funds to Visa, bank account or cheque, and all previous options may be available.

2. Payoneer

payoneer is one of the largest e - banks, the best in the world and not just in the Arab countries.

It serves Arab customers in the Arab world easily, being supported by most traditional banks operating in the Arab States, based in New York City.

One of the most important features of payoneer Bank

payoneer enables you to obtain a Master Card payoneer card and a virtual U.S. bank account like any private American citizen.

Provide a free Mastercard card after the account works.

The possibility of transferring funds from one account to another on the same bank to all payoneer's clients.

You have to check the fees required for bank operations from each bank.

For example, there is an annual bank account maintenance fee with payoneer , which you pay in case you haven't done at least one bank transaction in 12 months, which is about $ 29.95.

There is a monthly fee of $3.

In order to find out all the details of the pre-service financial transaction charges, it is preferable to view the charges on the payoneer website.

3. Neteller

Neteller Bank was founded in Britain, and the bank features easy financial transactions without problems or obstacles mentioned by customers, and is also on the list of largest e-banks.

And of course it's a licensed bank that's even licensed by Mastercard's certified electronic card issue company.

Its services were available to the Arab States. Previously, its services did not support the Arab States, and now all high quality Bank services are available to Arabs.

One of the most famous things known about the Neteller Bank is the provisions, security and confidence of all financial operations, where it closes any account that has been found in suspicious

 motion or business, until the bank support is contacted to verify the strange movement of the bank account, and then re-opens the account again.

One of the most important features of Bank Neteller

High protection of customers' bank accounts through encryption and other systems.

Sign up for a free account.

Protect accounts from hacking or monument operations, by constantly tracking and speaking data.

Transfer of funds between bank accounts is free.

You can use his Master Card for a simple fee, and you can also view the very simple service fee on the Neteller Bank website.

4. Skrill

Scannell Bank (or Money Book) is also one of the best online banks, being handled by millions around the world, and you can easily open an account with it and safely complete all your financial operations electronically, such as drawing, transferring and receiving funds.

The Bank of Skrill follows the Paysafe Group, which also includes the aforementioned Neteller electronic bank.

One of the most important features of Skrill Bank

Speed of bank transfers and physical transactions.

Low interest on transfer charges between balances and financial accounts.

The bank allows the transfer to your private bank account in any country that allows Skrill Bank to be handled.

The bank's Visa Scannell for easy financial operations.

Always try to access the Bank's own website and to learn about the availability of your state, as well as the steps of work and fees between financial services, in the most common Support and Questions Section as these sites are available in Arabic.

What has been reported from previous e - banks are not only specialized in Arab countries, but are online banks available in many Arab countries, the most popular among Arab users.

We will now mention the most important global e - banks, whose services may not be made available to the Arab States in a large way.

The Most Famous E-Banks Around the World

1. Westernunion

Western Union is one of the world's best - known and best - known e - banking companies, and also makes its services available to some Arab countries.

It is based primarily in North America in the United States, where it was formerly the best telegraph conversion business in the United States.

Western Union Features

The frequent presence of spatial branches in the States that support them, which helps you with support services, as well as the ease of all financial transactions.

Remittances can be received at the rates of your country's currency at Western Union prices for the equivalent of the United States dollar.

The speed at which money is received in most of the country is only one day from being sent easily and easily without obstacles.

Many online companies use it to pay employees remotely, because it provides special services to companies and individuals as well.

In many countries that Western Union supports, you don't need a traditional bank account to make transfer and receipt services, whether you're a money sender or a receiver.

2. Petpay

Pete Bay is also one of the world's most popular e-banking companies, and easily simplifies payment and subscription processes.

One of its most important features is that it allows all customers, whether companies, stores or individuals, to use Bitcoin, where it is possible, together with Beate Bay, to convert Bitcoin into a currency, and use it whether to draw, receive, transfer, or even to buy and pay online.

Within Beit, there are different subscription price plans:

Free service for beginners

The business plan is one percent of the value of the process.

The Enterprise Plan.

3. PayLine

Bay Line is one of the most leading e-payment services, and collaborates with many popular e-stores and big brands.

Payline Features

Electronic financial operations are easily enjoyed in safe and flexible ways.

Provide solutions to prevent fraud and hacking.

Ease of participation in States with PayLine services.

Develop plans for e-shopkeepers to facilitate financial operations and services.

Bay Line makes three types of plans available to customers:

Start plan.

Plan for improvement and increase.

The store plan.

4. Worldpay

World Bay is also one of the leading companies in the area of electronic banking, which provides all types of transactions and financial electronic services.

World Bay is also one of the most popular companies among large e-businesses, with businesses around the world relying on World Bay's services, such as e-payment services and others.

For example, you find them dealing with airlines, travel, games and other big business companies.

5. Adyen 

Aden is one of the leaders in e-payment services to grow and improve companies by developing and facilitating payments to employers and stores.

For example, the Aden platform allows payments to be accepted in a single system, allowing for the calculation and growth of revenue for entrepreneurs, and facilitates this through mobile device applications.

From Aden's Features

Reaching out to customers over the phone and not just e - mail, which allows them quick access.

I got the European license.

It contains risk management tools.

Directly linked to Mastercard Paid Card Services.

6. Due

It is one of the best known companies for its online payment services and ease.

Dew has the following features.

Many types of credit cards are available for use in payment.

Transaction fees are sometimes used and lacking.

Many of the benefits of payment and financial operations are available.

In conclusion, as you work online in both self-employment and online stores, it takes you to choose an electronic bank that helps you succeed and continue, so easy to pay customers and reception is a key part of success.

In this article, we tried to collect the most popular e-banks that can help you win the trust of your customers, as well as to facilitate operations and financial services without effort.