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Electronic payment systems are a kind of analogs of bank accounts on the Internet, making it easy to store money and pay for purchases. They are gaining more and more popularity every day. Moreover, if earlier mainly freelancers resorted to the services of electronic payment systems, today they are used by almost everyone who, in one way or another, makes online purchases, appreciates the convenience and their time.
Content
Rating of payment systems in the world
Today there are a huge number of different payment systems, each of which has its own characteristics, advantages and disadvantages, and also differs in the system of commission fees. It can be quite difficult for inexperienced users to understand such an assortment.
We have collected all the best electronic payment systems in a rating to familiarize you with the best options on the market and help you make the right choice.
PayPal
The well-known American payment system PayPal allows you to accept payments from all over the world, supports several methods of accepting payments for business, and is accepted for payment in almost all world marketplaces.
Until 2015, the company was a subsidiary of eBay, providing a high degree of security for transactions between buyers and sellers. Later, PayPal spun off and became a full-fledged electronic payment system, working with more than 200 countries around the world.
True, in 98 countries, including Ukraine, the PayPal functionality operates on the Send only system, that is, withdrawals are limited for users from these countries, but they can accept payments and make purchases in online stores.
Payeer
Payeer is an electronic payment system popular all over the world. Payeer users can pay for goods in various online stores, accept payments from customers, make money transfers around the world, and even pay for mobile communications and utilities. Payeer is especially popular among freelancers working on foreign exchanges.
Opening an account with Payeer is free, and the service charges a commission of 0.5% for transfers within the system. API connection will cost 0.95%, and you will need to pay 1.5% commission for currency conversion.
Bitcoin
Bitcoin peer-to-peer payment system is open source and allows you to make decentralized and completely secure payments around the world without restrictions. Bitcoin is an alternative to traditional money and payment systems.
Unlike other payment systems, it is not centrally managed, that is, it is not managed by a small group of developers. It is driven by a rigorous mathematical algorithm and by the users themselves, all of whom are equal.
The most important thing about Bitcoin is that it does not obey government laws and works even where banks do not work. With its help, you can send any amount to any country. At the same time, the commission is set for senders, but the higher it is, the faster the transaction processing speed will be.
When making payments in Bitcoin, it is also important to pay attention to its high volatility. Since its launch, the cost of MTC has grown from a few cents to more than $ 40,000. And the MTC rate is constantly growing and then decreasing at the same time by several hundred and even thousands of dollars. Therefore, it is always important to know the current Bitcoin exchange rate before making a payment in it.
WebMoney
WebMoney is an up-to-date payment system throughout the post-Soviet space, which has been known since 1998. Unlike other payment systems, WebMoney uses title units for each currency. For example, WMZ is used to denote USD, and WMU is used to denote UAH.
Many CIS entrepreneurs prefer to use WebMoney to receive payments. This electronic payment system allows ordinary users to make quick transfers to other wallets of the system, store and exchange money, withdraw them to their cards and accounts, pay for various services, utilities and even fines. WebMoney commission for intra-system transactions is 0.8%.
It is worth noting that due to the sanctions between Ukraine and Russia, WebMoney's activities in Ukraine are partially suspended. In particular, all WMU wallets were closed, and withdrawals for Ukrainian users were prohibited in favor of third parties. But Ukrainians can continue to use the system, working with other currencies and withdrawing money to personal cards.
Advanced Cash
Advanced Cash is a payment system that combines various types of services, replenishment and withdrawal of a deposit. In particular, the system supports work with cards and bank transfers, major cryptocurrencies, payment terminals and other payment products. The service also has the ability to order an Advanced Cash bank card, which makes it easy to cash out at any ATM in the world.
The Advanced Cash company has been on the market since 2014 and is very popular with both online business owners and webmasters or freelancers. Opening and maintaining an account is free, but the commission for withdrawing funds from the system varies from 1.99% to 2.99%.
Perfect money
The electronic payment system Perfect Money began its activity in 2007. The company was founded in Hong Kong, but aims to operate in almost all regions of the world, except perhaps Central America. The company's website has been translated into more than 20 languages, and among the supported currencies are USD and EUR, Bitcoin and gold.
During its work, Perfect Money has earned a lot of controversial reviews. However, it cannot be denied that the system provides unique features for both business and personal accounts and is still very popular today.
The commission for internal transfers varies from 0.5% to 1.99%, and a withdrawal fee of 2% of the amount is charged. Also, Perfect Money users can receive 4% per annum on the account balance.
Skrill
The international payment system Skrill (formerly Moneybookers) has been operating on the market since 2001. The company is registered in London, but serves users from more than 185 countries of the world and supports work with more than 30 different currencies.
Skrill allows you to pay for purchases, accept payments, make transfers around the world, buy and sell cryptocurrencies. The main advantages of the system are instant deposit and withdrawal of funds, a convenient website and a mobile application. In addition, Skrill can order a card linked to an account in the system, which allows you to make payments to the terminal all over the world, as well as easily cash out money from an ATM account.
Opening an account in the system, transfers to an international bank account, accepting payments in the system is free of charge. But the commission for withdrawing funds from the system is quite high. For example, for transferring funds from an account to a bank card, you will need to pay 4.99% commission.
EasyPay
EasyPay is the first Belarusian payment system operating since 2007. Like many others, the EasyPay system combines several directions of electronic payments at once. With its help, users can pay for various goods and services on the Internet, it allows you to store money in electronic wallets, as well as to pay for mobile services, housing and communal services, and fines.
EasyPay users have several options for replenishing their accounts - with a plastic card, from a mobile account, money from other electronic wallets or through payment terminals. All transactions can be carried out directly on the EasyPay website or through a convenient mobile application.
Visa and Mastercard
Without exaggeration, these are the most popular and demanded payment systems in the world, allowing you to carry out non-cash payments around the world using bank cards.
The system of operation of both payment systems is similar and both are based in the United States. Their main difference is in the base currency of transactions. Visa works with dollars and gained the main distribution in the United States, where this payment system accounts for almost 100% of all online transactions. The base currency of the Mastercard is Euro. The system works in more countries of the world, but in terms of user coverage it is somewhat inferior to Visa cards.
Apple Pay and Android Pay
Apple Pay and Android Pay are contactless mobile payment systems. The system of operation of these payment systems is the same - the user saves the data of his payment card, after which he can make payment in various terminals with support for contactless payment or on sites where these payment systems are connected.
Their main difference is that Apple Pay is intended exclusively for owners of Apple devices older than the 6th generation, while Android Pay is designed to work accordingly with devices based on the Android operating system.
The advantages of these payment systems are that during a transaction, card data is not transferred to the merchant, which significantly increases the security of payments. While Android Pay is free to use, Apple Pay charges a small transaction fee, which varies by country.
Which payment system to choose
A few decades ago, it was difficult to imagine that with just a few clicks it would be possible to send money to any country in the world. Today, electronic payment systems have become indispensable assistants for online business, for everyone who earns and spends money via the Internet. And the choice of the payment system depends on how successful and profitable these operations will be.
When choosing an electronic payment system, you should pay attention to the following criteria:
Also, when choosing, you should take into account the peculiarities of the payment system. For example, since PayPal operates on a limited system in most countries of the world, this payment system is convenient mainly for paying for various goods and services. WebMoney can be called an e-wallet classic, but you also need to take into account the requirements and restrictions for users from different countries.
You should also take into account the fact that in most electronic payment systems you will need to verify your identity. This is necessary to comply with the requirements of regulators in the fight against money laundering and terrorist financing. The only exception to this list is the Bitcoin decentralized payment system. Therefore, this option is ideal for those who wish to conduct financial transactions anonymously.
The benefits of using electronic payment systems are obvious: a business does not need to spend money on cash collection and take care of the safety of keeping cash, and customers receive a convenient payment method. For these and many other reasons, e-commerce is growing irreversibly and taking an increasingly confident position in the global economy. Therefore, today it is important for every modern person and entrepreneur to choose one or several payment systems for himself for profitable and convenient online payments.
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Content
- Rating of payment systems in the world
- PayPal
- Payeer
- Bitcoin
- WebMoney
- Advanced Cash
- Perfect money
- Skrill
- EasyPay
- Visa and Mastercard
- Apple Pay and Android Pay
- Which payment system to choose
Rating of payment systems in the world
Today there are a huge number of different payment systems, each of which has its own characteristics, advantages and disadvantages, and also differs in the system of commission fees. It can be quite difficult for inexperienced users to understand such an assortment.
We have collected all the best electronic payment systems in a rating to familiarize you with the best options on the market and help you make the right choice.
PayPal
The well-known American payment system PayPal allows you to accept payments from all over the world, supports several methods of accepting payments for business, and is accepted for payment in almost all world marketplaces.
Until 2015, the company was a subsidiary of eBay, providing a high degree of security for transactions between buyers and sellers. Later, PayPal spun off and became a full-fledged electronic payment system, working with more than 200 countries around the world.
True, in 98 countries, including Ukraine, the PayPal functionality operates on the Send only system, that is, withdrawals are limited for users from these countries, but they can accept payments and make purchases in online stores.
Payeer
Payeer is an electronic payment system popular all over the world. Payeer users can pay for goods in various online stores, accept payments from customers, make money transfers around the world, and even pay for mobile communications and utilities. Payeer is especially popular among freelancers working on foreign exchanges.
Opening an account with Payeer is free, and the service charges a commission of 0.5% for transfers within the system. API connection will cost 0.95%, and you will need to pay 1.5% commission for currency conversion.
Bitcoin
Bitcoin peer-to-peer payment system is open source and allows you to make decentralized and completely secure payments around the world without restrictions. Bitcoin is an alternative to traditional money and payment systems.
Unlike other payment systems, it is not centrally managed, that is, it is not managed by a small group of developers. It is driven by a rigorous mathematical algorithm and by the users themselves, all of whom are equal.
The most important thing about Bitcoin is that it does not obey government laws and works even where banks do not work. With its help, you can send any amount to any country. At the same time, the commission is set for senders, but the higher it is, the faster the transaction processing speed will be.
When making payments in Bitcoin, it is also important to pay attention to its high volatility. Since its launch, the cost of MTC has grown from a few cents to more than $ 40,000. And the MTC rate is constantly growing and then decreasing at the same time by several hundred and even thousands of dollars. Therefore, it is always important to know the current Bitcoin exchange rate before making a payment in it.
WebMoney
WebMoney is an up-to-date payment system throughout the post-Soviet space, which has been known since 1998. Unlike other payment systems, WebMoney uses title units for each currency. For example, WMZ is used to denote USD, and WMU is used to denote UAH.
Many CIS entrepreneurs prefer to use WebMoney to receive payments. This electronic payment system allows ordinary users to make quick transfers to other wallets of the system, store and exchange money, withdraw them to their cards and accounts, pay for various services, utilities and even fines. WebMoney commission for intra-system transactions is 0.8%.
It is worth noting that due to the sanctions between Ukraine and Russia, WebMoney's activities in Ukraine are partially suspended. In particular, all WMU wallets were closed, and withdrawals for Ukrainian users were prohibited in favor of third parties. But Ukrainians can continue to use the system, working with other currencies and withdrawing money to personal cards.
Advanced Cash
Advanced Cash is a payment system that combines various types of services, replenishment and withdrawal of a deposit. In particular, the system supports work with cards and bank transfers, major cryptocurrencies, payment terminals and other payment products. The service also has the ability to order an Advanced Cash bank card, which makes it easy to cash out at any ATM in the world.
The Advanced Cash company has been on the market since 2014 and is very popular with both online business owners and webmasters or freelancers. Opening and maintaining an account is free, but the commission for withdrawing funds from the system varies from 1.99% to 2.99%.
Perfect money
The electronic payment system Perfect Money began its activity in 2007. The company was founded in Hong Kong, but aims to operate in almost all regions of the world, except perhaps Central America. The company's website has been translated into more than 20 languages, and among the supported currencies are USD and EUR, Bitcoin and gold.
During its work, Perfect Money has earned a lot of controversial reviews. However, it cannot be denied that the system provides unique features for both business and personal accounts and is still very popular today.
The commission for internal transfers varies from 0.5% to 1.99%, and a withdrawal fee of 2% of the amount is charged. Also, Perfect Money users can receive 4% per annum on the account balance.
Skrill
The international payment system Skrill (formerly Moneybookers) has been operating on the market since 2001. The company is registered in London, but serves users from more than 185 countries of the world and supports work with more than 30 different currencies.
Skrill allows you to pay for purchases, accept payments, make transfers around the world, buy and sell cryptocurrencies. The main advantages of the system are instant deposit and withdrawal of funds, a convenient website and a mobile application. In addition, Skrill can order a card linked to an account in the system, which allows you to make payments to the terminal all over the world, as well as easily cash out money from an ATM account.
Opening an account in the system, transfers to an international bank account, accepting payments in the system is free of charge. But the commission for withdrawing funds from the system is quite high. For example, for transferring funds from an account to a bank card, you will need to pay 4.99% commission.
EasyPay
EasyPay is the first Belarusian payment system operating since 2007. Like many others, the EasyPay system combines several directions of electronic payments at once. With its help, users can pay for various goods and services on the Internet, it allows you to store money in electronic wallets, as well as to pay for mobile services, housing and communal services, and fines.
EasyPay users have several options for replenishing their accounts - with a plastic card, from a mobile account, money from other electronic wallets or through payment terminals. All transactions can be carried out directly on the EasyPay website or through a convenient mobile application.
Visa and Mastercard
Without exaggeration, these are the most popular and demanded payment systems in the world, allowing you to carry out non-cash payments around the world using bank cards.
The system of operation of both payment systems is similar and both are based in the United States. Their main difference is in the base currency of transactions. Visa works with dollars and gained the main distribution in the United States, where this payment system accounts for almost 100% of all online transactions. The base currency of the Mastercard is Euro. The system works in more countries of the world, but in terms of user coverage it is somewhat inferior to Visa cards.
Apple Pay and Android Pay
Apple Pay and Android Pay are contactless mobile payment systems. The system of operation of these payment systems is the same - the user saves the data of his payment card, after which he can make payment in various terminals with support for contactless payment or on sites where these payment systems are connected.
Their main difference is that Apple Pay is intended exclusively for owners of Apple devices older than the 6th generation, while Android Pay is designed to work accordingly with devices based on the Android operating system.
The advantages of these payment systems are that during a transaction, card data is not transferred to the merchant, which significantly increases the security of payments. While Android Pay is free to use, Apple Pay charges a small transaction fee, which varies by country.
Which payment system to choose
A few decades ago, it was difficult to imagine that with just a few clicks it would be possible to send money to any country in the world. Today, electronic payment systems have become indispensable assistants for online business, for everyone who earns and spends money via the Internet. And the choice of the payment system depends on how successful and profitable these operations will be.
When choosing an electronic payment system, you should pay attention to the following criteria:
- Reliability. It is recommended to give preference to payment systems that have been operating on the market for a long time and have managed to prove themselves well.
- Prevalence. The more users a payment system has, the more it will be in demand among business customers, and the easier it will be to make settlements in it for ordinary users.
- Tariffs. This is one of the main selection criteria. At the same time, you should pay attention not only to the cost of transactions and transfers, but also to the amount of fees for conversion, withdrawal of funds and maintenance of an active / inactive account.
- Currency support. It is important that the payment system supports the currencies that are convenient for you, which you most often use. Otherwise, you will have to pay an additional conversion fee for each payment.
- Payment methods. All payment systems offer various methods of depositing funds into an account and withdrawing a deposit. The more there are, the more convenient it is to use the system.
- Security. Of course, the task of all payment systems is to provide secure transfers and payments. To do this, all companies undergo mandatory certification by independent audit companies and build a reliable system of protection against hackers. But you should definitely familiarize yourself with the security measures of the service, study what methods of protecting accounts the system offers for customers, whether there is two-factor authentication and other additional security options.
Also, when choosing, you should take into account the peculiarities of the payment system. For example, since PayPal operates on a limited system in most countries of the world, this payment system is convenient mainly for paying for various goods and services. WebMoney can be called an e-wallet classic, but you also need to take into account the requirements and restrictions for users from different countries.
You should also take into account the fact that in most electronic payment systems you will need to verify your identity. This is necessary to comply with the requirements of regulators in the fight against money laundering and terrorist financing. The only exception to this list is the Bitcoin decentralized payment system. Therefore, this option is ideal for those who wish to conduct financial transactions anonymously.
The benefits of using electronic payment systems are obvious: a business does not need to spend money on cash collection and take care of the safety of keeping cash, and customers receive a convenient payment method. For these and many other reasons, e-commerce is growing irreversibly and taking an increasingly confident position in the global economy. Therefore, today it is important for every modern person and entrepreneur to choose one or several payment systems for himself for profitable and convenient online payments.
samechas.com
