How to choose a payment system for a beginner?

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2016-06-11 00:00:00:


Contrary to popular belief, electronic money is not yet able to replace cash. In fact, these are the financial obligations of the company that issues them. The role of collateral is still played by cash that is on the accounts of the issuer. But thats just the basics.

Today, there are dozens of payment systems offering customers ample opportunities for using electronic money. The only question is which payment system is suitable for a beginner. Below we will consider what EPS exist, what are their features, and what electronic money is most accessible to a beginner. This is important, because a number of factors depend on the correct choice:

  • Will it be comfortable for a person to use the system?
  • Is the payment system suitable for a beginner in terms of functionality?
  • Whether the user is disappointed with electronic money.
  • Will the funds entered into the system be saved?

 

How to choose a payment system for a beginner?

It should be noted that payment systems are of two main types:

  • National payment system - operates in each of the countries of the world under the control of the Central Bank. Moreover, it is the Central Bank that is the main regulator and supervisory body of the system. The main difference between such systems is that all processes (transactions) are carried out by banks, and other participants are not admitted.
  • International payment systems are special networks for making payments between users within one and several countries. These include payment systems Visa , MasterCard and others. It is also worth highlighting the payment systems operating in the global network - PayPal, Webmoney and others. The difference between such systems is that they are not limited by the borders of a particular country and work in many states. But there are also such payment systems that are more focused on "internal" consumers, for example, Yandex.Money, Qiwi.

Electronic payment systems (EPS) have a number of features:

  • Recognition of electronic money as a means of payment not only by the company that issues it, but also by other organizations (sometimes by the state).
  • Guarantees on the part of the issuer in terms of securing electronic money that is in circulation.
  • Storage of electronic currency on special media.
  • Issue of monetary units in electronic form.

Choosing a payment system, a beginner should clearly understand its differences from the classic cashless form of payments. If, in the case of traditional money, the Central Bank issues the issue, and they also establish the rules of circulation, then in the case of EPS, the main party that dictates the rules is the issuer itself.

Ideally, a payment system for a beginner should be chosen taking into account the following criteria:

  • Safety. A beginner user should be sure of the safety of capital, because electronic money is something new for a beginner. Each payment system takes care of the safety of users funds, but the level of protection is different. For example, the Webmoney payment system is the most secure. EPS such as PayPal or Yandex.Money keep up with it.
  • Registration speed. It is important for a novice user that the registration process is not complicated and takes place in a matter of minutes. From this position, the leading positions are occupied by the Qiwi and Yandex.Money payment systems . As for Webmoney, you will have to spend more time to register in this EPS. The main difficulties are the need to install an additional client on a PC, a large number of confirmations, the presence of a wallet file, and so on.
  • Functionality. At the initial stage, a beginner needs to perform basic operations - replenishment and withdrawal of funds, the convenience of paying for goods (services), a high speed of transferring funds to other users, and so on. In terms of functionality, Webmoney occupies a leading position, because you can work with many currencies in it - ruble, hryvnia, US dollar, euro and others.
  • Convenience. One of the main criteria when choosing a system is ease of use. A beginner should quickly figure out the basics and functionality, which is facilitated by a well-thought-out interface. This question is subjective, but according to the reviews of the majority of users, the most convenient PS are Yandex.Money and Webmoney. On the other hand, if you carefully approach the study of the system, then each of them is good in its own way.
  • The number of I / O options. It is important for a beginner that the wallet replenishment is available in as many ways as possible. In principle, in the systems mentioned above, there are no problems with withdrawing and replenishing funds. But the easiest way is with Qiwi, which has terminals in all major cities of Russia.

 

Payment systems for a beginner: a few examples

Now lets take a look at the main payment systems that are best suited for a beginner:

  1. The Webmoney system is an electronic money that has existed since 1998. Companies that have been registered in various countries of the world - Russia, Switzerland, Ukraine and others - act as guarantors. When working with the system, a special wallet is used (WM Keeper program), which is freely available on the payment system website. To carry out a transaction, you must register, enter information about yourself and confirm it, after which a system participant certificate is issued. The payment system is distinguished by wide functionality and reliable protection of money. The disadvantage is the complexity of registration, which causes certain difficulties for a beginner.
  2. Yandex. Money is the payment system of the Russian Federation, which has been operating since 2002. Pros - user-friendly interface, ease of registration, many options for replenishment and withdrawal of funds. This is an excellent payment system for a beginner, but you need to take into account that the PS works on the territory of the Russian Federation.
  3. PayPal is an international payment system. It gained popularity due to the possibility of paying for goods (services) in stores in other countries. For a novice user, the system can be complicated, but there are few alternatives to it internationally.

It is not difficult for a beginner to choose the right electronic money. The main thing is to decide on your preferences, study the capabilities of the existing systems and give preference to one of them. If difficulties arise, there is enough information on the network that will help with registration and further use.