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Why is it better to link e-wallets to a mobile phone number?

2016-05-21

Why is it better to bind an electronic wallet to a mobile phone number

The new millennium pampers the inhabitants of the planet with hitherto unseen technological innovations. Changes are taking place in all spheres of human activity. Financial direction is not an exception to the general rules. The advent of electronic currency has changed our lives beyond recognition.

Could anyone even 10 years ago have assumed that to make money transfers, pay for utilities, buy goods, you will not have to take a wallet with paper money and go to a bank or store. Now all this can be done in a familiar home environment, without leaving your computer monitor. For this, there are electronic payment systems where you need to register and open an account. It is advisable to link money to a mobile phone.

About why and for what this procedure is needed and will be discussed in this article. There are plenty of such electronic services now, they allow a person to manage his money as he sees fit. Among the leaders of such systems are WebMoney, PayPal, Yandex.Money and many others.

To become a user of one or more of these services, you need to go through the registration procedure. This process is similar to authorization on all kinds of sites or social networks. The only difference is the relatively long time required to download the key files. Subsequently, they need to be securely stored in different forms (electronic, paper on different media) so as not to lose.

Otherwise, you can lose access to the service. By the way, if you lose your login key or password, you will have to go through the recovery procedure. And it will be very good if electronic money is tied to a mobile phone. Then it will be much easier to restore access. Otherwise, the restoration may take several days, which can cause a lot of problems when it will be impossible to make money transfers or make an urgent payment for a long time.

And if the mobile is tied to an electronic wallet, then if you lose your password, you need to go to the site and indicate the phone number in the appropriate field and formulate the reason for the request. Almost instantly, information with a new password will come to the phone.

The registration process itself requires the indication of detailed personal information: e-mail address, full name, passport data, gender, date of birth. Each service has its own characteristics, some require an identification code number or medical insurance policy. During the registration process, it is proposed to indicate a mobile phone number, sometimes it is mandatory, on some services it is voluntary. The user chooses the option himself, but it is better to agree, because this procedure does not require any extra effort, no expense, or much time. Next, the money is linked to the mobile phone, to which the corresponding message is received, and the registration is confirmed. Subsequently, in the process of using the electronic payment system, all the most important information about the payment system will be sent to the phone, in particular, about making changes to the service, coming to the account or transferring money from the account.

It is very convenient, because wherever the user is, the mobile phone is almost always near him. The same cannot be said about e-mail, because the computer remains in place when a person is outside his home or place of work.
 

Another reason for binding

Why should we give preference to the proposal to link electronic money to a mobile phone? Based on practice, which shows that the mobile is much more reliable in terms of security. It is no secret that the number of hacked e-mail boxes has become more frequent. And if the fraudsters managed to crack the email address, they can just as well get to the electronic wallet with all its contents.

Mobile phone is needed for confirmation

Many users of the WebMoney service know the main role of this procedure. After each completed transaction, a confirmation is carried out, and it goes through SMS messages. The phone instantly receives a confirmation code, which must be entered in the appropriate field, after which the operation is considered completed. You need to be very careful when entering the code, observe the correct sequence of numbers. Otherwise, you will have to repeat the operation from the beginning.

In order to bind money to a mobile phone in the WebMoney electronic payment system, you need to be the owner of a formal passport or another, which is higher in status.

Do not neglect the offer, which, firstly, will increase the status of the user of the electronic payment system. Secondly, it will make the use of an electronic wallet more secure and convenient. Thirdly, it gives the user the opportunity to be aware of all events occurring in the system, to respond in time to suggestions, warnings or innovations. To become a full-fledged user, an active participant and to have more opportunities provided by a virtual service, you need to link electronic money to your mobile phone. After all, there are more than enough arguments in favor of this procedure.