How To Build A Better Wallet App or Payment Solution or Online Bank Or Payments System For Your App

So How do you build A Better Wallet App like Nexo or a better Payment Solution like PayPal or Online Bank like Wise or one of the best Payments Gateway like Vanillapay? Well you get all their best features and combine it into one solution. 

Welcome to Weebonomics and Weebprovements session where we give you some financial advice (take with a grain of salt, we are no Financial experts)

Without further ado, Is is "How To Build A Better Wallet App or Payment Solution or Online Bank Or Payments System For Your App"

1. So this is How To Build A Better Wallet App or Payment Solution or Online Bank Or Payments System For Your App? One of the obvious ways is to be very open when it comes to welcoming new users. A lot of these payments systems, payments solutions and wallet apps mistakenly lock out 85% of their market. 

2. Have a painless and frictionless entry point. Many a times the signup process of the setup process for anything is so hard it leaves a lot of people out of the system. Like back in the day before TVs were very mainstream TVs used to be operated by 1 engineer per household way back in the beginning. Imagine that. Same with the personal creation of ewallets or crypto wallets and payments solutions and gatways (which is not bad as anyone could have one). 

So deal with the painful and friction do creating one and do what others don't. And that is How To Build A Better Wallet App or Payment Solution or Online Bank Or Payments System For Your App.

3. Avoid softlocking users like a plague, at least if you encounter a bug turn it to a feautes or at the very least, report on it. So that is one to add to the list on "How To Build A Better Wallet App or Payment Solution or Online Bank Or Payments System For Your App". Examples of softlocks are those 2FA via SMS or calls that don't work. Get Whatsapp at least of email at the very most (something). 

Users needing banks in certain areas like the moon or space after they deposit their earnings and they are forces to "open an account" (not going to name names but you get that idea of soft locking).

"A lot of useless procedure must be followed when there is actually a lot of solutions around it. "

4. Okay this is going to be a big doozy but avoid putting the wrong people to stay in charge of your clients that don't know anything or how things work or workarounds to problems. You will lose a lot of clients (per a lot of business managers and even their co-workers experiences). So that is a way on How To Build A Better Wallet App or Payment Solution or Online Bank Or Payments System For Your App. 

5. Just like you never tell a business proponent to freek-off when you disagree with them on a business proponent or deal should you never tell a client to do so. Kindly tell them you can't because of reasons and walls you can't surmount - annoying rules and regulations etc... (sometimes they will be your solution finders... A lot of the times they can help with technicalities) and that is also one of the main things to consider on How To Build A Better Wallet App or Payment Solution or Online Bank Or Payments System For Your App. 

Also avoid crusty and painful deals so balance the two accordingly. 

6. How To Build A Better Wallet App or Payment Solution or Online Bank Or Payments System For Your App? Get a great payments gateway solution like Vanillapay because what blocks every financial solution is just that: Cross boarder remittance and Payment Gateways. In countries with mobile pay use mobile pay to say PayPal and don't force them to use a bank account that they can only get on the moon and only after they have passed the alien exam that was issued way back then only available to nobody and if you do this don't expect the app to take off (there might be an exception though). 

7. Simple idea on "How To Build A Better Wallet App or Payment Solution or Online Bank Or Payments System For Your App", of course if you get a great payments gateway solution try to avoid losing money (kind of obvious but will just note it here), so your system should take such loses into account. Work an accord with the Central Bank or Federal reserve or your Bank premieres or Royal Banks. Or at least create your remittance or Crypto or Blockchain system. 

8. How To Build A Better Wallet App or Payment Solution or Online Bank Or Payments System For Your App: Don't be afraid to integrate other well tested or complimentary solutions to your system because sometimes an entire system is not built by 1 person. Though it is beat to be proprietary owner and sole proprietorship, it is better to integrate into other systems if you can and they don't impose harsh business deals on your system. Like PayPal and banking. 

9. Another highly overlooked way on How To Build A Better Wallet App or Payment Solution or Online Bank Or Payments System For Your App is avoid feature locking. Now there are multiple reasons to do so but it seems a lot of people and financial apps really don't understand what to lock exactly and to unlock. You can't lock PayPal for 95% of the other regions and expect people to be able to withdraw or top up their account and fail to offer mobile banking or at least an easy sign up process, then wonder how the business or web app or app failed after when you locked the whole market outside the system. 

And that is How To Build A Better Wallet App or Payment Solution or Online Bank Or Payments System For Your App. Also choose the right payments gateway if you can't. 

Conclusion On How To Build A Better Wallet App or Payment Solution or Online Bank Or Payments System For Your App

Final note on "How To Build A Better Wallet App or Payment Solution or Online Bank Or Payments System For Your App". This is all just a hypothesis and theory via observation. So take it with a grain of salt maybe. It is all up to you to make a conclusion as we just provide the data and horror stories people have told and made an article of it. 

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"How do you build A Better Wallet App like Nexo or a better Payment Solution like PayPal or Online Bank like Wise or great Payment Gateway like Vanillapay? Well you get all their best features and combine it into one solution. "