A digital wallet stores or provides access to payment options that a user can use through a digital device, such as linked payment cards.[1] The term does not automatically mean a separate stored cash balance; its operation depends on the underlying funding source and setup.
For a merchant, the wallet is the visible payment experience, while cost, authentication and settlement also depend on the payment route. Check support on customer devices and test cancellations and refunds. Displaying a wallet button does not prove that every customer can use that method.
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Compiled with AI assistance using public sources. General explanation, not individual legal or tax advice. Describing a concept does not mean Zoloo offers it as a feature.