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E-commerce vocabulary · Payments and Fraud Prevention

Digital wallet

Meaning in e-commerce, with examples

nounCommon term

In e-commerce, digital wallet means: An app or service that stores a customer's card or account details securely, so they can pay online or in shops without typing their card number.

In Turkish: dijital cüzdan, e-cüzdan, mobil cüzdan

How it is used

Used at checkout and in payment strategy. Stores accept or add digital wallets such as Apple Pay, Google Pay or PayPal; customers pay with a wallet. Also called e-wallet or mobile wallet, and especially popular on mobile.

Example sentences

  1. Over 40% of our mobile orders are now paid with a digital wallet.

  2. Adding a digital wallet button above the card form made checkout faster.

Common collocations

  • pay with a digital wallet
  • accept digital wallets
  • e-wallet
  • mobile wallet
  • payment methodA way a customer can pay for an order, such as a credit or debit card, bank transfer, digital wallet or cash on delivery.
  • one-click checkoutA fast way to buy in which the customer's saved address and payment details are used, so the order can be placed with a single click or tap.
  • payment gatewayA service that securely sends a customer's card or other payment details from the online store to the banks and returns whether the payment is approved.
  • cash on deliveryA payment method in which the customer pays the courier in cash, or sometimes by card, when the parcel is delivered, instead of paying online.

This word in other fields

The same English word can have a different meaning in another field:

More terms: Payments and Fraud Prevention

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