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MEANING OF A VIRTUAL BANK

Virtual banks are referred Online payment systems (such as banks) that are used to transact in cyberspace or the internet. Almost every online business must have a virtual bank account for easy transaction. In these virtual banks we can save money derived from business income Online in which we live or deposit from a real bank that has been connected (linked) with the virtual bank. We can also take the money (Withdraw) balances in bank accounts in virtual real bank that has been linked with the virtual bank.
Virtual bank can also be used for online shopping facilities, or for deposit if we do online gaming and much more beneficial in the Internet world.
In fact, many virtual banks and payment systems used in the Internet business. But the most popular use is Paypal, alertpay and moneybookers. Third function is almost the same, namely to facilitate transactions in cyberspace.
For an explanation about paypal and how registration click here
For an explanation about how to alertpay and registration click here
For an explanation about how mooneybookers and registration click here
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