What is an electronic payment system. Electronic payment systems

Electronic wallet systems such as QIWI, WebMoney, Yandex money, etc.

Payment intermediaries accumulating funds like PayPal or Moneybookers

All text and graphics presented on this website
are the property of LLC "Smart Group" - a company registered in the territory Russian Federation.
Use of these materials without the written consent of the copyright holder is prohibited and will be prosecuted in accordance
with the law by contacting the hosting centers serving the Internet sites of violators, as well as by contacting
to the courts at the place of registration of the offender's company or residence individual violator.

Internet electronic payment systems

1. Card payment systems for websites

With electronic currencies, everything is much simpler than with bank cards. Since these organizations simultaneously combine the functions of a technical provider when connecting, and a “central bank” for themselves, and a supervisory authority, and a legislator for their own money, it is easy to guess that under these conditions the bureaucratic component of connection is minimal. Of course in Russia the federal law“On the National Payment System” has somewhat increased the requirements for organizations, but in general, connecting to a payment system such as QIWI and WebMoney are the easiest non-cash payment solutions to integrate. Perhaps the only drawback of these systems is their low popularity, with the possible exception of such a group of buyers as technically advanced youth, which, of course, negatively affects the possibilities of using any e-wallet as the main payment system for the site.

A special group of organizations that are, on the one hand, electronic wallets, and, on the other hand, work with real world currencies, are payment intermediaries. If you need a payment system for plastic cards, but you can’t go through the “compliance” procedure in any bank, or you just want to save time, you can try contacting systems like PayPal or Moneybookers, which, acting on your behalf, will accept money into your account clients, and then transfer them to you. What is most interesting, commissions in such organizations can even be equivalent to normal processing. Unfortunately, in these systems there is always a requirement for each end buyer to complete the registration procedure, which greatly complicates the purchase process, which in the conditions of Internet commerce can become a fatal flaw.

Some processing centers working with VISA and MasterCard are striving to become universal payment systems. To do this, they integrate with many representatives of all previous groups. Due to the fact that they are official distributors of all their counterparties, these "aggregators" provide their customers with "one-stop shop" services for connecting many payment solutions of "electronic wallets" and "payment intermediaries" at once.

As a rule, when contacting such an aggregator, a client only needs to fill out a questionnaire once, and then the aggregator takes over the entire process of working with other systems. At the same time, commissions and other conditions for each separate solution always exactly the same as when working directly with service providers. The identity of the conditions with the end provider is prerequisite activities. One example of such an aggregator is our universal payment system Ecommerce Payments.

Dear Sirs, as you can see, we have done everything to become the most convenient and profitable way for you to receive payments. We own our own processing center, cooperate with many banks, and have organized a "one-stop shop" for connecting third-party providers. In addition, since our motto is "Everything for Internet business", we also provide legal and tax optimization services, as well as various consultations. Thanks to this, we are perhaps the most versatile online payment system in existence. We are always glad to see you.

Few people can imagine life without electronic money. With their help, you can make purchases in online stores, pay bills, purchase tickets, transfer funds from one card to another with a lower percentage. What are the most popular payment systems? A list of them is presented below.

List of payment systems

Many liked the idea of ​​paying their expenses with electronic money. The main goal that payment systems fulfill (the list will be presented later) is an instant settlement with a bank or a merchant. Now there are many electronic resources, but not all of them inspire enthusiasm and trust among the majority of citizens. So, here are the most popular domestic and international payment systems:

• "Yandex money";
• "Mail.ru.Money";
• webmoney;
• PayPal;
• Visa;
• Mastercard;
• "Peace";
• perfect money;
• money mail;
• "PRO100";
• qiwi;
• Alipay.

This is not a complete list of services for calculating electronic money. But they are most often used by clients. Below is the TOP-5 systems that have won the trust of consumers.

"Yandex money"

In the Russian Federation it is considered the most famous. The main currency is the ruble, but this did not affect the great popularity among the population. It is distressing that Yandex.Money does not allow its customers to pay for goods and services abroad. However, Russian online stores prefer domestic electronic payment systems. According to statistics, Yandex.Money occupies a leading position in terms of payment for services and goods in World Wide Web in the vastness of the homeland.

The advantages of this system include the possibility of replenishing the account by transferring funds from an individual. In addition, the undoubted advantage is a simple and intuitive functionality.

webmoney

International payment systems, such as Webmoney, are also in demand. Such a service offers to make payments in various currencies. However, the high reliability of the system does not compensate for the difficulties in registration. That is why many beginners prefer to turn to another service “for help”. High security for customers - important aspect when making financial transactions. This is exactly what Webmoney guarantees.

Let the service have many advantages, but popularity abroad is not as high as in Russia and the CIS countries. According to many users who refused to use this system, here is a very inconvenient currency exchange process. Safe payment systems, the list of which is presented and which includes Webmoney, must sacrifice convenience in the name of the reliability of money transactions.

PayPal

The oldest one has also entered the most popular electronic payment systems. This is PayPal. It was founded in 1998. The advantages of the service include a variety of currencies with which you can conduct monetary transactions. In total there are about 24 species. According to experts, PayPal is used in 190 countries around the world. By the way, it is this service that customers prefer to use when paying for orders in foreign online stores. In addition, it is rare that a virtual auction is complete without payment by PayPal.

Why is this system so popular? Its high reliability and convenient functionality won the hearts of millions of users. The disadvantages of customers include the impossibility of entering their personal data. Also, not all countries accept electronic money from PayPal.

"Peace"

In 2014, the government of the Russian Federation decided to create a service completely independent of Visa and MasterCard. The reason for this decision was the imposition of sanctions on domestic enterprises and banks. This is how the national payment system "Mir" (NPS) appeared. It has been carefully designed to provide convenience, accessibility and reliability for transactions for all residents of Russia. The service belongs to the Central Bank of the country. NPS developers guarantee the uninterrupted and secure conduct of various types of transactions with bank cards. Thanks to the Mir service, you can perform typical operations, namely:

• cash withdrawal;
• making mobile and contactless payments;
• payment for purchases in retail chains.

The main advantage of the NPS is the impossibility of the situation in the international arena to influence the current state of affairs. Accordingly, Russian citizens need not worry about access to their savings and funds to pay for services and goods.

Visa

Visa is a payment system widely used in America and Australia. If you try to pay with this card in Europe, then sometimes there may be problems with the terminal, since here they prefer to use a direct competitor of MasterCard. However, according to statistics, 70% of customers use Visa's service, while only 30% use its "rival".

To date this card accepted in 166,000 locations throughout Russia and 36,000 ATMs. In 200 countries around the world are ready to accept Visa for payment. This service is really considered the largest and most famous.

Clients of the system can order one of the types (or all types) of Visa:

• Visa Electron;
• Visa Classic;
• Visa Gold;
• Visa Platinum.

The presence of so many types of cards allows us to attribute this fact to the indisputable advantages of the system. Thanks to this, you can quickly make purchases, order tickets and immediately pay for them.

As already mentioned, the payment systems, the list of which was presented in this article, are very convenient for carrying out typical financial transactions. However, experts recommend not to keep all savings in in electronic format because now there are a lot of scammers on the Internet.

V modern world people are increasingly choosing the attractive conditions of electronic payment systems provided by financial and investment companies. The electronic currency used by such payment systems is as significant as regular finance in a wallet or on bank card. The speed, convenience and reliability of transactions is carried out using online payment systems.

What is an electronic payment system (EPS)

An electronic payment system is an Internet service that allows you to quickly transfer funds from one account to another within the same system or between EPS - the so-called exchange electronic currencies. For this, specially created platforms and various software wallets are used. In addition to the transfer using the payment system, you can pay for goods or services, carry out investment activities and other payments. Funds appear in the EPS by depositing them into your account by the user himself or by other persons. It's done different ways:

• from their bank cards;
• Bank transaction;
• transfer from another user or organization.

Currently, there are a number of popular payment systems. Each of them has both its pros and cons. Before creating an account on any service, you must carefully study all its features. Let's take a quick look at some EPS in descending order of their popularity.

WebMoney Transfer

This is one of the oldest and largest payment systems, popular mainly in Russia. However, its popularity is slowly but surely declining due to the complexity of use. With this service, you can carry out various transactions using virtual currency. You can open your account for storage and settlements in rubles, dollars, euros and Ukrainian hryvnias.

One of the most popular services. The most popular among Russian-speaking users. You can issue a plastic or virtual card that has a single account with an electronic wallet. Transfers are carried out without a commission fee and are nominated in rubles.

Qiwi

A payment service created by Russian developers and aimed at Russian users. The main purpose is to quickly pay for various goods and services. Can be topped up mobile phone and pay utility bills. You can make a transfer using specialized payment terminals, a web browser and an application for a smartphone / tablet.

PayPal

A large international EPS with a high level of security. It is possible to link a bank card. Payments are made without disclosing the details of this card. The account can be managed using mobile device. There is a special system that protects the buyer. Paypal is popular mainly with overseas users.

PerfectMoney

Convenient international payment system with a high level of security, both currency and user data. There is a Russian version. Via this service you can make payments, transfers and storage of funds. The service has its own deposit program with interest on the account balance.

Payza

This service has very good protection electronic currency and personal data of the user. With it, you can make transfers of funds without additional commission fees. Uses a large number of types of electronic currency. There is an affiliate program.

payeer

To use this payment system, it is not necessary to carry out mandatory identification of the account holder. The presence of exchange services is noted. The system is convenient for investment activities.

OkPay

This payment system has a wide range of different possibilities to complete the procedure for replenishing an electronic wallet and withdrawing funds. The speed and profitability of transactions. Implementation of various translations, including e-mail. Making automatic payments. You can open an account to store virtual currency. There is a deposit program with accrual of interest on the balance of the account.

Advanced Cash

A payment service that is popular in the field of investment activities. With the help of this service it is convenient to accept payments. There is a multi-currency account. Specialist support is provided around the clock. You can make instant payments within the network without paying a commission.

bitcoin

With the help of this service, you can store cryptocurrency. You can also conduct transactions with her participation. The interface of the service is convenient and understandable for users. Registration is fast and free. High level security of transactions and personal data of the user. After registration, the user becomes available all the necessary functionality to work with virtual currency.

Discussed in the previous material “Lesson 2: Electronic money and their properties”, electronic money is issued by electronic payment systems.

Electronic payment systems- These are companies that issue virtual banknotes, develop and implement technologies for their circulation and provide all transactions with their electronic currency.

Often electronic payment systems are part of large Internet companies, one of their areas of activity (for example, Yandex.Money, currencies of the largest social networks etc.).

Each electronic payment system issues its own electronic money, which may correspond to different real currencies. Different electronic payment systems have different levels of development, different functionality, different coverage networks, different purposes.

As a rule, electronic money of one electronic payment system can be exchanged for the currency of another electronic payment system, but not always, in addition, such an operation will require a certain commission.

History of development of electronic payment systems

In recent years, due to the active evolution of money as a means of payment in the financial world, electronic payment systems have taken an increasingly firm place.

In Russia, this process began to develop from the beginning of the 90s, resulting in the emergence of electronic money.

talking plain language electronic payment systems can be imagined as a technology of direct mutual settlements between participants in a purchase / sale transaction without additional conditions (interbank transfers, indication of personal data, etc.) via the Internet.

Combined with efficiency, the use of electronic payment systems has contributed to the rapid development of e-commerce.

Today electronic payment systems are:

convenient payment method for mobile operators,

internet providers,

utility bills,

trade enterprises and various services.

Stages of development of electronic payment systems

In its development, electronic payment systems have gone through three stages:

First stage- electronic money received its first expression in credit cards. The very first were magnetic debit cards.

Second phase- introduction of smart cards.

Third stage- development of electronic money form, with the help of which it became possible to make on-line payments.

And today electronic payment systems are used for:

implementation of credit schemes;

Until now, the most popular circuit in the world that works with conventional plastic cards(MasterCard, VISA, UnionPay).

implementation of debit schemes;

Less popular scheme, which is based on the use of digital equivalents of cash and checks (NetBill, NetChex, NetCash).

mutual settlements using digital money (on-line payments).

Implemented using payment gateways - special electronic payment systems that transmit cash to the Internet (Perfect Money, WebMoney, QIWI, Yandex.Money, Neteller, etc.) and provide mutual settlements within the Internet.

We will be more interested in the third type of electronic payment systems - on-line payments, which just shows the greatest dynamics development and use.

And, especially since these electronic payment systems are increasingly used in investment processes.

Choosing an electronic payment system

Each electronic payment system, as mentioned above, issues its own electronic money, which can correspond to different real currencies.

The issuance of electronic money is usually regulated by law, therefore, electronic payment systems that are registered and operate in the territory of a particular country must adhere to these rules.

Electronic payment systems earn on commissions that are charged for all transactions with their currency. Just as banks are the "circulatory system" of the economy of any state, electronic payment systems act as the "circulatory system" of Internet and electronic business.

A very important role for the user of electronic money is played by right choice electronic money systems.

Each person needs such an electronic payment system that will fully satisfy his specific needs. If necessary, it is always possible to register simultaneously in several electronic payment systems.

In order to choose the most suitable electronic payment system, it is obviously necessary to present, and from which one can choose.

Foreign electronic payment systems

Electronic payment system PayPal

Today it is the most popular global electronic payment system that has been operating since 2000. The PayPal electronic payment system is a structural subdivision of the American company eBay, which specializes in online auctions. Now the PayPal electronic payment system operates in 203 countries of the world, although in some of the countries it is not possible to use the full functionality of this electronic payment system.

The payment system operates with 26 world currencies, the number of its users is approaching 140 million users.

In Russia and other CIS countries, the PayPal electronic payment system has not yet become widespread, yielding to Russian payment systems, since there are no wide opportunities for replenishment, and especially withdrawal of funds.

However, it is gradually developing with us. So, for example, since September 2013, the withdrawal of Russian rubles from the system to accounts in Russian banks has become available, albeit with a rather large commission. The main currency of the PayPal payment system is the US dollar.

Electronic payment system E-gold

This payment system issues electronic money mainly in gold (based on the number of troitsk ounces), as well as in other precious metals.

The electronic payment system E-gold over the past years has become popular among Internet scammers and financial pyramids, it is actively used in the activities of online casinos and all kinds of virtual games for money.

In recent years, the electronic payment system E-gold is going through hard times: its founder was arrested, and transactions are periodically blocked.

Electronic payment system Perfect Money

Electronic payment system Perfect Money, created in 2007, operates mainly in euro, dollar and gold.

It has also become famous for its use in many HYIPs and financial pyramids, however, it is quite popular in global settlements between individuals and business representatives, and is actively used to pay for goods and services on the Internet.

There are also many other electronic payment systems abroad, such as AlertPay, Google Wallet, Moneybookers, Elios Gold, e-Bullion, ePayService, etc.

Russian electronic payment systems

Electronic payment system WebMoney

Electronic payment system WebMoney is the undisputed leader among electronic payment systems not only in Russia, but also in other CIS countries. It also has a certain circulation around the world, although, for example, in Germany, the activity of the WebMoney payment system is prohibited by law.

legally WebMoney Transfer is not a payment system, since it does not issue electronic money, but the so-called. "title units" through which the transfer of monetary claims is carried out. The company itself was founded in 1998 and declares its activities as "an international settlement system and an environment for network business."

To date, there are about 25 million participants in the WebMoney payment system, while about 35% of Runet users use electronic wallets in the WebMoney payment system.

In total, the system uses about a dozen electronic currencies (including special credit currencies), among which are the equivalents of the currencies of the CIS countries, world currencies of the dollar and euro, as well as gold.

Electronic payment system Yandex.Money

The second most popular electronic payment system in Russia, founded in 2002 as one of the structural divisions of the largest Russian search engine Yandex.

For settlements, the Yandex.Money electronic payment system uses the electronic equivalent of the Russian ruble.

The Yandex.Money electronic payment system is designed to provide Internet business and e-commerce mainly in the Russian Federation, although it has little circulation in other CIS countries.

Electronic payment system Qiwi

The electronic payment system Qiwi is also a fairly popular electronic payment system in Russia, although, of course, compared to the first two, it loses. Electronic money of the Qiwi payment system appeared in 2007 and is used as a means of not only electronic, but also non-cash payments (using a Visa card).

In addition to Russia, the QIWI electronic payment system operates in 7 more countries, including Belarus, Kazakhstan, Moldova, the USA and others.

Among other Russian electronic payment systems, one can single out an electronic payment system RBK Money, Single wallet, Z-Payment, PayCash, ICQMoney, currencies of social networks VKontakte, Odnoklassniki, Moi Mir, etc.

Ukraine has created its own electronic payment system Internet.Money, and Belarus has created an electronic payment EasyPay system. But in terms of popularity and volume of payments, they are significantly inferior to the Russian electronic payment system WebMoney.

How to use electronic payment systems

All electronic payment systems operate on approximately the same principle.

To become a member of the electronic payment system, you must:

register in the payment system through the official website and

open one or more electronic wallets in it, depending on the need.

When choosing an electronic payment system, you need to pay attention to:

she could provide all the necessary needs,

provide convenient and available ways input and output of money.

The registration procedure in most electronic payment systems is free:

in some systems, it will be enough to conduct online registration on the website of the payment system,

on other systems, you will need to download and install a specific software application. Such applications exist for both stationary and mobile devices.

Further actions depend on the planned use of electronic money.

If you need to accept electronic money as payment for services, it is enough to transfer the number of your electronic wallet to the person who will make payments.

To pay for goods and services with electronic money the owner of the electronic wallet will need to replenish his online wallet with help real money. There are different ways to do this.

Each electronic payment system has its own ways to replenish money:

• using international plastic cards,
• through payment terminals,
• through bank accounts
• exchange offices, etc.

When registering in the electronic payment system, you should use your real data, otherwise problems with the withdrawal of funds may arise.

In some systems, especially for committing large financial transactions, you will need to provide passport data in a scanned form.

Security of using electronic payment systems

All services of electronic payment systems are protected by various security measures, but the user must also take care to protect himself from all kinds of scammers, of which there are always enough on the Internet.

For this you need:

carefully study the information on the website of the electronic payment system,

strictly follow all instructions and

try to provide the highest possible degree of protection for their electronic wallets.

You must always remember that this is, in fact, the same money, and its loss will negatively affect the state of your personal finances.

Summary

Electronic money is issued by an electronic payment system - a non-banking organization.

Non-cash money - only the Central Bank of the state.

Electronic money can be exchanged for non-cash or cash through various schemes.

The more popular the electronic payment system, the easier and cheaper it is to exchange its monetary unit for traditional money.

We reviewed in this material a general introductory information about electronic payment systems. In future publications, some of the most widely used electronic payment systems in Russia will be considered in more detail.

Follow the School of Life updates and improve your financial literacy. See you soon!