An online payment account that is free to consumers. Consumers can make deposits using a bank card or domestic payment systems, with that transaction being processed through the e-wallet company’s Merchant Account. They may then use the credit in the e-wallet to make purchases from merchant sites. The best known examples are Paypal and Skrill/Moneybookers. The advantage to the consumer is that they do not have to give any financial information to the merchant and repeat transactions will be simplified. The advantage to the merchant is that the e-wallet provider is responsible for maintaining the merchant account and for PCI compliance, so e-wallets are popular with high risk or start up merchants. However, the disadvantage is that if the consumer does not know or have an existing account at the e-wallet provider, the purchase process may become more complicated.