Compare Between Cash Services in Telecom Companies
Publish Date: 15 Jun 2020 Compare & Contrast
E-wallets aren’t only in banks!
Currently, telecommunication companies provide cash services. Simply speaking, this is essentially an e-wallet on your phone. Supposedly, you can use it to pay bills or transfer money, and so on; however, there is a catch. This service does come at a certain expense: you must already have a telephone line with your chosen company to use it.
WePay:
Service Subscription fees: Free of charge if you have a We line.
Telephone Line Prices: The price of a line is 75 EGP; of course, expenses increase as services increase
Maximum Deposit in the Wallet: 10,000 EGP per day
Maximum Withdrawal and Transfer Amount: 6,000 EGP per day
Withdrawal Fees: 1% of the amount, with a minimum of 3 EGP
Vodafone Cash:
Service Subscription fees: Vodafone Cash is free if you have a Vodafone line
Telephone Line Prices: The price of a line is 85 EGP; of course, expenses increase as services increase
Maximum Transaction Limit: 50,000 EGP per month
Maximum Withdrawal and Transfer Amount: 6,000 EGP per day
Withdrawal Fees:
- Between 5-150 EGP, 3 EGP will be withdrawn
- Above 150 pounds, 2% will be withdrawn
Transfer Fees: 1 EGP will be deducted from the amount
Our advice is to use the one provided by the company you usually use.
Orange Cash:
Service Subscription fees: Orange Cash is free if you have an Orange line
Telephone Line Prices: The price of a line is 80 EGP; of course, expenses increase as services increase
Maximum Deposit in the Wallet: 10,000 EGP per day
Maximum Withdrawal and Transfer Amount: 6,000 EGP per day
Withdrawal Fees: 2% of the amount, with a minimum of 3 EGP
Transfer Fees: 1 EGP will be deducted for each transfer transaction
Etisalat Cash:
Service Subscription fees: Etisalat Cash is free if you have an Etisalat line
Telephone Line Prices: The price of a line is 80 EGP; of course, expenses increase as services increase
Maximum Deposit in the Wallet: 10,000 EGP per day
Maximum Transaction Limit: 50,000 EGP per month
Maximum Withdrawal and Transfer Amount: 6,000 EGP per day
Withdrawal Fees: 2% of the amount, with a minimum of 2 EGP
ATM Withdrawal Fees: 1% of the amount, with a minimum of 2 EGP
Transfer Fees: 1 EGP will be deducted for each transfer transaction
Summary:
There isn’t a huge difference between each of the above services as almost every company imitates the other. Our advice is to use the one provided by the company you usually use, that way; the expenses will not increase too much for you.
