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Why are foreign payment systems better than ours?

2016-06-11 00:00:00

An electronic payment system is a cashless money transfer system using automatic coding and processing of information data. Used to deposit and withdraw money. Such systems usually have their own electronic currency. Payment systems are almost 100% reliable. Qiwi , Webmoney , Yandex.Money and other systems, which are gaining momentum in Russia , have earned users trust. But some users of the global network are looking for information about why foreign payment systems are better than ours? Lets consider the advantages and disadvantages of the most popular electronic payment systems, each of which offers different conditions for money transfers.

 

Why is Paypal better?

PayPal is an international payment system. Has the largest digital turnover. Year of foundation - 1998. According to statistics, Paypal makes more than 11.5 million payments daily, is popular in 203 countries around the world. The ability to store funds in 26 currencies. In the future, the system is ready to pay interest for finding electronic funds in customer accounts.

Why is this foreign payment system better? The main advantages are:

  1. Great popularity in the countries of the world. According to 2014 statistics, every tenth US dollar was transferred using PayPal.
  2. Development in the countries of the former USSR.
  3. Integration into the eB online auction
  4. Unprecedented security. Provides the return of money to customers in case of non-execution of orders by the payment system.
  5. Simplicity of the interface with translation into Russian.
  6. The fastest speed for making payments and transfers.
  7. Actively building relationships with popular online stores.
  8. Automatic currency conversion.
  9. Resolving controversial issues.

Payment system security provides for two-way protection: a program to protect the rights of sellers and, accordingly, buyers.

So is the foreign payment system Paypal better than the Russian counterparts? Undoubtedly, there are significant advantages. If we take into account the use of the payment system within the post-Soviet countries, some disadvantages are still worth noting. For example, only those who have an account with an American bank will be able to withdraw money from an account. The ruble against the dollar is undervalued. High transaction fees scare customers. Each potential user decides for himself how good the payment system is or not, but its worth taking a closer look at PayPal.

 

E-gold payment system

E-gold is becoming another foreign global payment system. Year of creation - 1996. Its banknotes are 100% backed by precious metals: silver, gold, platinum. More than 2 million accounts have been opened. You can replenish your account in any convenient way.

The advantages that distinguish the system from competitors include:

  1. Protection of user accounts from legal infringement.
  2. Internationality. A citizen of any country can become a client of the system.
  3. Confidentiality when making transactions.
  4. No special software installation required.
  5. Minimum data entry during registration.
  6. Affiliate program when attracting new users.

Having made a conclusion about what the foreign payment system is better for, you need to find out about its disadvantages: the need for 12 one-time rent per year for storing electronic money, a high annual 1% commission on the payment amount (0.08% monthly). Today it is practically impossible to use E-gold due to systemic problems. The payment system has lost customer acceptance.

 

Convenient Moneybookers system

An electronic payment system with a user-friendly interface can be called Moneybookers.

Works with clients email in real time. Year of creation - 2003. Has over 1.5 million users.

The advantages include:

  1. Security of depositing and withdrawing money to a bank card.
  2. Availability and simplicity in comparison with similar payment systems.
  3. Hiding bank card details (for security).
  4. When making transactions, you only need to know the recipients email.

A commission of 1% of the payment amount (but not more than 0.5 euros), confirmation of registration data (to remove restrictions on transactions) are the disadvantages of Moneybookers.

 

Features of StormPay

The year 2002 was marked by the emergence of a new electronic payment system StormPay, which has an auction with a variety of goods at affordable prices. Why is a foreign payment system better? The positive aspects of the system are described below:

  1. Internationality, allowing you to become a client from absolutely any country in the world.
  2. Confirmation of email using a PIN code. Account number - email address.
  3. Highest level of security. Customers compare whether this overseas payment system is better than those previously reviewed. System security speaks for itself. No complaints about work, the use of verified certificates - guarantee maximum confidentiality.
  4. StormPay is welcomed at many overseas auctions.
  5. Almost instant electronic money transfer.
  6. The presence of the interface "Payment for goods and services".

Some clients are confident that foreign payment systems are more reliable and more advanced. However, as far as this payment system is concerned, it is not yet possible to exchange StormPay for another currency, this is a rather laborious process.

 

Is e-Bullion Online Overseas Payment System Better?

The e-Bullion online settlement system has proven itself on a positive side in Western countries. Based on gold. Created in 2000. Is this foreign payment system better? In principle, the system meets the expectations of users and has advantages:

  1. A resident of any country can register an account free of charge.
  2. There are no requirements for reliability (address and telephone number must be specified).
  3. Security lies in the limited time the client spends in the account (no more than 15 minutes). The purchase of a crypto-card to order is provided.
  4. Popularity with online casinos.
  5. Exemption from commission for internal transfers.
  6. No fees for electronic storage.

Russian users are reluctant to register with e-Bullion. It is impossible to make money on it due to the lack of an affiliate program. In addition, according to the rules of the system, the client must pay every month an account maintenance fee equal to 0.33 grams of gold. With the rise in prices for precious metals, the commission only increases. The biggest disadvantage is the 3% account deletion fee.

Summing up, the better foreign payment systems are, it is advisable to highlight a user-friendly interface and ease of use, world transfers of funds, instant transaction speed and backing with precious metals: gold, silver, platinum. Possibility of use for working with foreign online trading platforms.