Every time you buy from a different e-tailer, you must key in personal information and credit card numbers in order to register. Now, Canada's banks have come up with a solution called e-wallets. E-wallets are electronic files which contain your name, address, credit card numbers, passwords and any other pertinent information needed to complete a customer form. Currently, only the Bank of Montreal and the Royal Bank offer this service. Microsoft also offers a free e-wallet called Passport.
Merchants pay the transaction fee.
The company, based out of Vancouver, is signing up re-tailers. Payments are instant and there are no limits on how much you have to spend in one go. No purchase is too small. Most other sites require a minimum purchase. Audio CBC Radio's Timothy Sawa reports on the reluctance of Canadians to shop online.