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What is the best way to withdraw money from payment systems?

2016-06-11 00:00:00

Users of payment systems who have accumulated enough money on their electronic wallet are thinking about the possibility of their withdrawal for personal use. Unknowingly, a person can get confused. Who to contact for help, what is the best way to withdraw electronic money for the first time? It is worth saying thanks to the developers of electronic services for creating step-by-step instructions on the correct withdrawal of funds to the card of a banking institution and for all kinds of other methods.

There are many options for withdrawing digital funds. Lets take a look at some of them:

  1. Withdrawing funds to a bank card.
  2. Cash transfer.
  3. Postal transfer.

Everyone is different, and the preferred method of withdrawing money is just a matter of trusting the service. A variety of methods associated with the withdrawal of funds, an inexperienced user can plunge into panic. Therefore, it is necessary to consider in stages how best to withdraw money.

Stable competitiveness between payment systems provides a wide range of cash withdrawal options for the service user. To find new customers, the administration comes up with a variety of bonuses, including a reduction in transaction fees and an expansion of functionality. For example, the Yandex.Money service has recently worked only with companies that have a large financial turnover. Now this system is making a choice not only in its own favor. Putting the wishes of the client at the head of the services capabilities, the administration decided to cooperate with all kinds of online stores and other companies. In view of the systematically clear superiority of one payment system over another, it is not easy for an ordinary client to draw a conclusion about the best option for withdrawing electronic money.

 

Popular payment system "WebMoney"

Payment service "WebMoney" can rightly be called one of the leaders in the turnover of digital money in the domestic market. Clients have received about 600 thousand confirmed certificates. WebMoney works with almost all online stores. There are most options for withdrawing money in this system. The most popular are:

  1. Transfer to the bank. Withdrawal of money in rubles provides for a 0.8% commission on the transaction amount. When withdrawing dollars or euros, the commission percentage will be over 1.5%. Execution - no more than 24 hours.
  2. Payment for a plastic card. In this case, the user asks the question of how best to withdraw electronic money: to WMR, WMZ or WME? It doesnt matter at all, as the commission percentage is fixed at 1%. Terms of execution - 24–72 hours.
  3. Digital transfer of money to another payment system. The commission will be 0.5% of the transfer amount. The receipt of funds is instant.
  4. Cash withdrawal using installed terminals. Quite a safe and convenient way to instantly withdraw cash with an average commission percentage of 1%.

However, there are many more ways to withdraw digital money in the WebMoney system. The client must weigh the pros and cons, think thoroughly and choose in each specific situation how best to withdraw money.

 

Withdrawing electronic money from the "Qiwi" payment system

The electronic service "Qiwi" provides users of its system with the withdrawal of money from the account in several ways. For example:

  1. Withdrawal of funds to an existing account with a banking institution. Over 200 banks are ready to provide such services to the client. The commission fee is fixed for all banking institutions and is kept at around 1.6% of the transaction amount. The conditions created for the withdrawal of electronic money are better in the WebMoney system than in the Qiwi .
  2. Transferring funds to a plastic card surprises with an overstated commission, which is more than 2%.
  3. You can use the money transfer services of the companies "Anelik", "Western Union", "Money Send", "Contact", "Visa Direct" and "Russian Post". Commission collection - 2% of the transfer amount.
  4. When using a virtual plastic card "Qiwi Visa Plastic" there is no commission fee.

Having examined and compared how best to withdraw electronic money using the WebMoney system and the Qiwi service, it will not be superfluous to learn about the withdrawal of funds using the Yandex.Money electronic system.

 

We withdraw money from the electronic service "Yandex.Money"

The Yandex.Money system is intended only for Russian citizens, it performs all monetary transactions exclusively in rubles and provides the following methods of withdrawing money from the account:

  1. Transfer of funds to a linked card of a banking institution (Otkritie Bank, RosEvroBank, Alfa-Bank). Instant enrollment of electronic funds with a fairly high commission - 3%.
  2. Withdraw money using CONTACT - money transfer system. A very costly and long-term withdrawal method. Commission fee - in the amount of 4.5%.
  3. Withdrawal of funds through the office of the non-bank credit organization "RIB". The service charge exceeds 3%. Enrollment is made within 72 hours.
  4. Transfer of electronic money to a bank ruble account. The commission fee is high, the terms of funds crediting may exceed 5 working days.
  5. The only commission-free way is to top up your mobile network.

Yandex.Money demonstrates how best not to withdraw money, because the percentage for financial transactions is really high in comparison with others.

Of all the options considered, the best options for withdrawing electronic money are provided by the WebMoney payment system. The only condition for using all the functions of the system is the availability of a confirmed passport (after downloading a scanned original passport or identity documents of the account holder). It will take no more than 24 hours to open access to all functions of the WebMoney service. It follows from this that newcomers to payment services can try various methods of withdrawing money and choose the best option for themselves.