What Are The Payment Systems And How To Choose The Best One For Yourself
Over the past few years, the turnover of electronic money has increased several times. The first and most important reason for the popularity of this type of currency was the development of the Internet, where you can not only find useful information, but also make purchases and earn good money. These were the conditions in which payment systems appeared. There are quite a lot of electronic resources, so it is difficult to say at once which one is better than the other. And, if you add cryptocurrency, which has recently become more relevant, then you can go crazy. What is a payment system, and what kinds it is, you can learn at the following link https://en.wikipedia.org/wiki/Payment_system.
Formation of Payment Systems: What They are, Their Key Features
The appearance and development of the web began back in the early 2000s, when freelancers began to actively offer their services on the Internet, and they needed to be paid for the work done. But at the time, the only option for paying them was plastic cards.
In today’s world, there are many options for payment systems, in the application of which there is nothing unusual and complicated. If you choose a suitable service, you can pay for goods and services on the Internet, work remotely and get money for it, cash electronic currency and pay with it in offline stores and various establishments.
The most important feature of the payment system is that its registration is free. If it is necessary, the technical support service of the organization where the selected service is arranged, will consult potential customers on opening an account and its further use. To learn what payment systems are and their key features, please refer to the following article https://www.investopedia.com/articles/economics/08/nps.asp.
Requirements for Choosing Payment Services
When choosing a payment system, it is important that it can meet all the individual needs of a person. That’s why the service should have the following qualities:
- stable financial transactions;
- favorable tariff conditions;
- minimum commission rate that can be charged for money transfers;
- availability of technical support, so that in case of what the client can always ask for help;
- ease of use;
- understandable and accessible interface of the application that allows controlling one’s own expenses and income;
- the possibility to use the system to make various payments online and offline.
Ideally, it is better to give preference to the service that is the most popular and has a large number of reviews of satisfied customers.
Popular Payment Systems: Which One to Choose?
It is up to users to decide which payment service will be the best for them. Below there are the most popular systems for financial transactions:
| Fondy | It is considered one of the most large-scale payment portals. Its distinctive feature is the acceptance of a large number of types of international currencies, cooperation with any bank cards, electronic currency and Internet banking. Advantages of service: personal cabinet, existence of option to support payments made regularly, automatic transactions made at certain time, possibility to integrate into your online store. |
| LiqPay | It is an alternative to well-known wallets PayPal and Webmoney. The owner of the system is PrivatBank. The advantages of the resource can be called the possibility of conducting financial transactions from almost anywhere, support for bank cards Visa and Mastercard, conducting financial transactions with the help of banking Privat24, the possibility of receiving payments in paper money with the help of terminals. Funds are credited to a card or current account within 24 hours. Encrypted connection is used during transactions, which guarantees security of the transaction. |
| WebMoney | Electronic payment system is the most famous among the clients, who live in CIS countries. In Ukraine, it is prohibited. Calculation in this system is carried out with the help of title signs. They are equated to different currencies: rubles, dollars, hryvnias, etc. Title units are easily converted into monetary format with the help of special virtual exchange offices. Each user of the system is issued a certificate. |
| Interkassa | It is considered the most universal type of payment system. It can be used to make transactions with bank cards, electronic money, Internet banking, etc. |
| WayForPay | It is suitable for owners of an online store and their own company, because at the time of registration of a personal account on the site of the system you will need to specify the address of your resource, e-mail, bank card or current account. Legal entities should also attach passport data and TIN. The system boasts its own service for monitoring financial transactions. |
| PayMaster | It is appropriate to accept payments by such resources as Visa and MasterCard plastic cards, Internet banking Privat24, terminals, etc. When making money transfers via the Internet, a 2% commission fee is charged. The system is considered reliable because it is constantly audited and also meets international standards. |
So which service do you prefer? The payment systems mentioned in the table are considered the most popular. But, in addition to them, there are many other services for financial transactions. For example, the best online casinos for us players offer their customers not only the listed options, but also services for the calculation of bitcoin. The gaming platforms do not do without PayPal. Therefore, to choose the best payment option for your needs, you need to decide where you will use the system most often.
And do not forget about the presence of additional fees, which can be charged by the operators of the selected system for providing their services. This factor is very important because the amount of money that the user will have to pay will depend on the size of the percentage. It is also essential that the payment service should be safe and reliable, guaranteeing its clients protection from common hacker attacks.