Top 5 E-Banks in the Arab World - Expand Cart
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Top 5 E-Banks in the Arab World

Electronic banks are innovative banks created by the large expansion and spread of e-commerce and online buying and selling operations. These banks are comparable to conventional and conventional banks. The purpose of these banks is to facilitate the movement of sending and receiving money between individuals and merchants safely and quickly. Legitimate.

Electronic banks are a quick and secure solution to pay for the products and services received by customers and shoppers across different stores and websites around the world, without fear of fraud that could cost a shopper or trader alike a huge loss of money.

All shoppers use their MasterCard or Visa cards to electronically pay for the products and services they want from their stores and websites, but there are many websites and online stores that do not accept payment through these MasterCard cards, because they may be forged or stolen cards, in which case the best solution is to link those cards to accounts on the banks known and trusted in the world.

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This is because all the electronic banks in the world rely on a security system known as “SSL secure socket layer”, a system that has been tightened to protect customer data and secure from fraud attacks, it is also known as the layer of secure communication. It is the same system used by all electronic payment portals and electronic stores in the Middle East and the countries of the Arab world and the whole world.

In two previous articles, we talked about the most important, famous, and best online payment portals/ gateways that allow all customers, whether ordinary shoppers or service providers to send and receive payments online in easy and safe ways without any risk to both parties. Looking forward to them here:

1- The Top 10 Online Payment Gateways in the World | Part 1

2- The Top 10 Online Payment Gateways in the World | Part 2

In this article, we will talk about the best and the top 5 electronic banks in the world, which enables all users, customers, shoppers, online stores owners, retailers, and traders in all Arab countries to send and receive money electronically through various e-commerce operations.

5- Payza

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First off, it should be noted that Payza is a Canadian bank originally known as the “AlertPay”. It is also one of the most important and best e-banks in the world that enables all retailers, online stores owners, and all traders in all forms to send and receive money online. In addition, it helps them to have payment cards for purchases through all types of purchases from all major online stores can be paid safely and effectively.

It should be noted that the Bank has been specially designed to be compatible with smart mobile phones, as well as its extensive Internet reputation throughout the world.

For more information, you can visit the bank’s official website.

Key Features of Payza Bank:

  • Its services cover all countries of the Arab world.
  • Customers can keep money in several currencies, not just one or two currencies.
  • Provide an integrated system for protection, security, and maintenance of customer data.
  • $ 2000 per year is the maximum receipt.

4- Neteller

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Neteller is one of the world’s largest and most reputable e-banks, providing all the services of sending and receiving money between individuals, people and companies online more accurately and tightly and securely to all parties to the process.

Neteller is a British-born bank, one of the best and largest electronic banks ever, as it imposes strict and stringent security restrictions and safeguards that are difficult to penetrate in any way. The bank will close any account if any suspicious movement or work is found on the account so that the same account holder will telephone the bank team until such movement is confirmed and reopen the account.

It should be noted that Neteller has never been in support of Arab countries, but now all Arab users, shoppers, and traders can enjoy the Bank’s high-quality services.

Key Features of  Neteller Bank:

  • Get a MasterCard for only $ 13
  • Free shopping and shopping services
  • Small commissions when shipping and sending

For more information, you can visit the bank’s official website.

3- Skrill

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Skrill Bank is one of the best and most important e-banks that offer easy and secure services to send and receive money between people and companies over the Internet. It is also one of the top e-banks that accept many large international stores and websites anywhere in the world.

One of the main advantages of Skrill Bank as an electronic bank is that all customers can not only pay online but can also receive money as well as transfer it from their account to any other land account for a small service charge may reach up to about 4% Of the amount to be converted. But allows a limited and specified amount of money that can be transferred or received in contrast to the process of payment through it, it allows payment of any amount you want to pay to any party or store as long as the amount available in your card, whether MasterCard or Visa ) Covers the amount of money to be paid.

At this point, it should be noted that you can increase the limited ratio set by the bank to transfer and receive money from customers, but this requires several procedures, the most important of which is to verify your account by the bank by sending any document to prove your identity to the bank -Electricity /water/gas/telephone with your name-, or by providing a bank certificate with your name and residence address so that the bank can verify your identity before allowing you to increase the amount of money you can transfer or receive.

Key Features of  Skrill Bank:

  • Transfer and deposit money from and to your country quickly.
  • Send a postal envelope to your personal address to confirm your address.
  • Free subscription and low commission.

For more information, you can visit the bank’s official website.

2- PayPal

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PayPal is one of the most important and popular online payment gateways in the world. It has the confidence of thousands of customers, shoppers, companies, online stores, e-shops, and websites around the world.

PayPal is an intermediary bank that allows all shoppers in the world to electronically pay for the products or services they want to receive from any store or website anywhere in the world using their MasterCard or Visa without fear of fraud Debit card data and perform unauthorized transactions.

Despite the fact that PayPal is the best and the most famous in providing services to send and receive money over the Internet, but in most Arab countries allows customers only to send money through the linking of cards _MasterCard and Visa_, which means that the Arab users in all Arab countries except the United Arab Emirates can only shop through international electronic stores, but cannot sell.

Anyone anywhere in the world can enjoy PayPal at any time, which requires two basic requirements: the first is 18 years old, the second is a MasterCard or Visa card or a bank account.

Key Features of  PayPal Bank:

  • Acquires most auction sites and e-commerce sites as well as most of the world’s businesses that rely mainly on PayPal’s e-payment services.
  • “Thedailyrecords” ranked the top 10 e-payment gateways in 2018 as more than 7 million companies worldwide rely heavily on PayPal’s e-payment services.
  • Accepted to pay more than 25 currencies in the world.
  • It has a mobile application to make it easier for customers to manage their accounts via mobile phone with ease.
  • You do not need a merchant account to use PayPal.
  • You get advanced protection from fraud.
  • You can bill.
  • You can quickly withdraw funds to a bank account in your local currency.

For more information, you can visit the bank’s official website.

1- Payoneer

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Payoneer is one of the largest and best e-banks in the world that provides services to all Arab customers in all countries of the Arab world. It is the bank that enables all customers to have a free real account inside the bank like any normal American citizen, A free MasterCard can be linked to a PayPal or other electronic payment gateway to pay for their purchases electronically.

Payoneer allows all customers to send and receive money to and from anywhere in the world from their free account to all customers. All you need to do is access the bank’s website and sign up to receive the bank’s services and then apply for a bank account. After ordering Master Card, the bank sends it to you by regular mail so you can receive it anywhere, which requires a period of time to be delivered.

Once your Master Card has been received, you must log in to your account to activate the card and then link it to your PayPal account or any other electronic portal so that you can send, receive and transfer money from any ATM machine.

Key Features of  Payoneer Bank:

  • Providing services in all Arab countries.
  • Provide a free MasterCard card at no charge or cost.
  • Provide the ability to transfer funds from one account to another account on the same bank free of charge for all Payoneer customers.
  • The customer gets $ 25 for every $ 100 he charges.
  • $ 29 is the annual fee of the account.

For more information, you can visit the bank’s official website.