Why are foreign payment systems better than ours?

An electronic payment system is a special platform that acts as an intermediary between business companies, financial institutions and users of the global network. With the help of such systems, you can make purchases in online stores, make transfers to other users, pay for services, and so on. But if the capabilities of Qiwi, WebMoney, Yandex.Money and other domestic systems are well known, then in the case of foreign counterparts there are concerns. Are foreign payment systems really better? What are the advantages of the most popular ones?

Paypal

In each area there is a leader who is reliable, demonstrates a responsible attitude towards customers and develops steadily. In the field of payment systems, Paypal is such a leader. The company was founded in 2000, after the merger of the two giants Confinity and X.COM. Due to the high speed of transactions, maximum convenience and favorable conditions, the system quickly found fans. Today the system is in demand in more than 200 countries and the total number of users exceeds 140 million people. PayPal carries out settlements in 26 types of currencies, the most popular of which are the British pound, American and Canadian dollars, Russian rubles and others.

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

- High level of protection of user funds.

- Popularity in the world. Thanks to PayPal, everyone can open an account and use it in any country.

- Maximum speed of transaction execution.

- Simple and intuitive russified interface that even a beginner can understand. Until recently, the system had only an English-language interface, which created a lot of problems during registration. Fortunately, today the service has been translated into Russian, so there are no difficulties in terms of using.

- Control of sellers, which guarantees the reliability of transactions.

- The ability to carry out transactions via a mobile phone, which speeds up the transfer process.

So is the overseas payment system PayPal better than its domestic competitors? Judging by the ease of use outside the country, it is unambiguous. If we proceed from the application within Russia or the CIS countries, then there are a number of inconveniences. For example, you will not be able to withdraw funds - the money will have to be spent on making purchases. In addition, high commissions deter many sellers.

E-gold

The E-Gold payment system, which appeared even earlier, in 1996, deserves special attention. The main feature is the security of cash in circulation with gold, as well as guarantees from the largest banking institutions in Switzerland and the United States.

The advantages that distinguish the system from competitors are:

- Confidentiality. To open an account, you do not need to provide personal data, which opens up a number of opportunities for users. In particular, it is possible to keep incognito while making transactions.

- Internationality. Any person can become a user of the payment system, regardless of the country in which he lives.

- Simplicity and ease of management. The developers did their best to create the interface. Registration and system setup takes a minimum of time and is not a problem even for beginners. In addition, you do not need to install additional software to work with the system.

- Versatility. The payment system is in demand in many countries of the world and allows you to conduct various financial transactions.

- Availability of a referral program. Anyone can earn money with the system. To do this, it is enough to attract people to register and receive 2.5 percent of the amount of transactions.

Having considered what a foreign payment system is better, it is worth highlighting a number of disadvantages. Among them - the need to make monthly payments for the storage of funds, as well as the mandatory deduction of 1% of the transfer amount.

StormPay

In 2002, another payment system, StormPay, appeared, which has earned international recognition over several years of operation. Why is a foreign payment system better? The following points should be highlighted here:

- Versatility. The system does not have a clear geographic reference, which allows transactions with other users, regardless of their location. At the same time, there is no need for verification to complete the transfer.

- Convenience. The StormPay account number is a personal mailbox, which has a number of advantages for the user. You can add or remove an extra mailbox if you want. Transferring funds is a matter of a few seconds. All that is required is to indicate the recipients mailbox number, which has also been registered in the system.

- Safety. Many are interested in whether this foreign payment system is better from a security standpoint. During the existence of complaints from users yet. The system uses time-tested SSL certificates (128 bit), which guarantee the safety of funds and the confidentiality of the transmitted information.

In addition, the advantages of StormPay include:

- Ability to quickly make online payments. Now there is no need to collect papers to complete a transaction. Moreover, the transfer takes place in a matter of minutes.

- Chance of making a profit. If you attract referrals to the system, then it becomes possible to get stable income. In particular, users are presented with a 6-level system, implying an increase in the percentage of reward with each increase in the level.

- Prompt receipt of information. Many people think that foreign payment systems are better because of the faster notification. In particular, information is sent to the users mailbox immediately after the receipt of funds. In addition, a notification about the registration of another user via the link is sent to the e-mail.

- Support for different payment systems. The advantage of StormPay is that the system works with other “price colleagues”, for example, the E-gold system. In some cases, when transferring funds between different platforms, an almost instant transfer can be achieved.

e-Bullion

The e-Bullion payment system is very popular in the West. The main office is located in Panama, but there are several dozen representative offices in the world. Is this foreign payment system better? In general, e-Bullion meets the expectations of users and has several important advantages:

- The security of the currency in gold, silver and platinum. This, moreover, that the system itself is independent.

- Users can open two types of accounts - business and personal.

- Account replenishment is possible in many ways - through other payment systems, using a bank check and so on.

But there is a disadvantage, which lies in the need to make payments for the storage of funds ($ 4.2 per month). Therefore, it is important to use the system at high speeds.

Now we can summarize the better foreign payment systems. There are several main advantages:

- Ease of use.

- Ability to make transactions around the world.

- Instant payments.

- Gold security (for some systems).