What you need to remember when choosing a foreign payment system

The number of online payment systems is growing every year. The growth of their popularity has quite understandable reasons, of which the maximum comfort and security of transactions, the absence of any restrictions, should be highlighted. Which of them (domestic or foreign) should be preferred? - this is a question that is becoming increasingly problematic among residents of Russia and the CIS countries.

If earlier a particular user stopped choosing a foreign payment system, then he faced the need to know the language of the country of origin of the seller of financial services. At the very least, it was necessary to understand English in order to solve the problem of navigation on the site. Today there are a huge number of such systems and the problem of language settings has been solved. They usually support most of the worlds languages.

Foreign resources are especially popular among freelancers and webmasters, for whom the Internet has become the main employer. However, they periodically face the problem that foreign partners, as a rule, use systems of foreign origin, which are not so widespread and well-known in Russia and post-Soviet countries. For example, PayPal, which is so popular in the West, has only recently become recognizable in the territory of the former USSR.

Novice businessmen who conduct business in the vastness of the virtual world, and not only them, should think about the choice of which payment system to make for the site. This will allow attracting potential customers and target audience from abroad, and not just post-Soviet countries.

The main task of the above system is to receive and send payments from the user for the purchased product or service using the web. In order to make transactions using this system, you need to have your own account where the money will be received. The importance of choosing a payment system lies in the fact that those who are in our country can withdraw funds from it. It should be noted that in the Russian Federation (and the former countries of the once friendly USSR), funds cannot be withdrawn from this payment system. With the help of it, you can only replenish your wallet through an attached bank card, as well as make payments on the Internet.

There is no end to the ingenuity of programmers. Some masters have found a loophole and learned to overcome unwanted barriers. For example, there are such resources on the Russian-speaking Internet. They help people withdraw funds from PayPal using certain channels. With their help, you can transfer money to services from which you can withdraw your own finances to fiat without restrictions. For such a service, of course, a certain percentage of the transfer amount is charged. It usually ranges from 10 to 20 percent. But even here you should be careful, since these services are illegal, and therefore no one can give a 100% guarantee that funds will be transferred in the required amount to one system or another. In this case, the user performs transactions at his own peril and risk.

There are several official ways that allow you to withdraw funds to fiat in a legal way, without risking the safety of your own capital. For example, open an account with a bank of the country where you can withdraw money from this payment system. But there is also a nuance here. In this case, it will not be possible to make large monetary transactions. The system will ask you to confirm whether the user is a resident of the country where the funds are withdrawn. Without providing the relevant documents, you can make transactions in the amount of no more than 2,000-3,000 euros per year.

A logical conclusion can be drawn from the above said that there are difficulties. But, it should be noted that there are positive aspects. For example, when choosing a payment system of foreign origin and a method of monetizing your own site, you should remember that some of them provide their customers with the opportunity to withdraw funds to cards of domestic banks. This is, for example, the AlertPay system. She works with plastic cards that can be used to withdraw funds from domestic banks.

In this case, a bank account must be opened in dollars. When choosing a payment system for a website, using which payments will be made, it is important to pay attention to which banks the service works with. Also, the importance of choosing a payment system depends on whether it can use a virtual personal account, from which funds are withdrawn using special programs. It is necessary to link a virtual or real plastic card to such an account. This option is suitable for people who work with US business partners. Separately, it should be noted the possibility of withdrawing funds, thanks to the help of friends, relatives and proxies, citizens of the United States of America, who can simply send amounts of different amounts by postal or bank transfer. Although, such a combination is associated with significant material costs and can become a losing one in terms of doing business.
 

Why is there no single payment system?

This question is not easy to answer. Such services, despite the apparent identity of functionality and interest rates, differ slightly from each other. The developers of each system make some innovations, the purpose of which is to attract as many users as possible, to simplify the interface.

Creating an image of easy accessibility, attractiveness, convenience and versatility is an important marketing trick, the value of which cannot be overestimated in a highly competitive environment. But not everyone always succeeds in creating a good resource, let alone an ideal one. There are simply no such ones. Therefore, it is important to choose the right payment system that is ideally suited for specific purposes, and which one is better is a controversial issue.

Modern realities dictate their terms, and standards are becoming more complex. As a rule, services of systems that operate on the vastness of the web are gaining more and more popularity. They are vastly superior to offline services. The scale of transactions and the intensity of online cash flows are growing every year. Using the Internet to purchase goods and services has become a common part of the everyday life of the average man in the street.

In the prism of the development of trends, the choice of a payment system for the site has acquired particular importance and entrepreneurs who intend to expand the circle of their customers need to understand the standards required for the progress of their own business. It is not surprising that the developers and owners of such resources, in the race for the hearts and minds of users, go to different tricks, improving and developing functionality, available ways to deposit / withdraw money, making the systems as profitable and convenient as possible for potential customers.

The main reason why the creation of a unified payment system does not seem to be in the near future is fierce competition in the global market for online transactions.
 

Development of payment systems

The Internet has long ceased to be just a means of pleasant pastime and business correspondence. It is a powerful advertising and commercial tool, where colossal cash flows are spinning, for the withdrawal of which and the implementation of the transaction, in fact, the resources of online transactions were developed. People, for an understandable reason, prefer payment systems (often of foreign origin). They have already become not only an obligatory attribute of financial mutual settlements, but also a familiar component, a necessary touch of business reputation.

Nowadays, online earnings are also very popular. Not so long ago, work was paid for by transferring funds to phones or in other ways. Now there is an opportunity to receive real funds to your e-wallets, which can then be withdrawn to plastic cards.

For the majority, the development and emergence of payment systems was just a salvation, since there is no need to carry around a fat wallet that can be lost. The electronic wallet is highly secure. You must follow simple safety rules and you can not be afraid for the safety of your own savings. Even when a virtual wallet is associated with a card or phone, the loss of the latter does not at all mean the loss of funds from the wallet, since there are many additional protection methods.

Today, all payment systems will pay special attention to security issues. For successful authorization, you need to go through several stages of identification. Similar standards apply to transactions. Electronic payment systems can be called the most acceptable of all in terms of security. It all depends only on the user, who must learn to comply with all the requirements of the owners of such systems and correctly store their passwords and registration data.

The choice of a payment system can rightfully be considered one of the burning problems of online commerce. Successful business development largely depends on the correct definition of priorities. By choosing a foreign resource, the user receives some quite tangible benefits, but it should be remembered that along with them certain problems arise. It is much wiser to use an integrated approach and use both domestic resources and foreign analogues. Moreover, the user at any time can refuse the services of any of them. Regardless of the reasons, such a desire may arise from each of the clients. To abandon the payment system, you just need to write a letter to the support service, indicating the reasons in it. In this case, the refund takes place within the standard terms specified in the public contract (offer).