In 2002, a new player named RUpay appeared on the electronic payments market. Since Ukrainian and Russian specialists worked together on the creation of the project, the first two letters in the company name designate Russia and Ukraine. As of 2008, the company served over a quarter of a million users and about 6,000 online stores. According to information provided by the corporate publication Cnews Analytics, RUpay payment system occupied more than 5% of the electronic transactions market. The companys wide range of tools allowed users to make payments to pay for various services and goods through the global network.

 

2008 in the history of RUpay

In 2008, the progressive technological platform was purchased by RBC Information Systems. The takeover took place over the course of several years with gradual buybacks of securities. According to the information declared by the buyer in 2008, the purchase of the service was aimed at the formation of an innovative online settlement system. The basis for the creation of a large service was RBC Bank, which was acquired a year earlier.

It was the RUpay payment system that became the basis for the successful launch of RBK Money on the online payment market, which developed at a very fast pace in 2008.

“RUpay service has well-established connections, has a huge customer base, which are the link in the electronic payment system. By absorbing the platform, our company was able to reduce the time it takes to enter the market. EPS RUpay will create a convenient tool for making settlements not only in the global network, but also offline, ”said one of the founders of RBC Herman Kaplun (2008).

A new brand called RBK Money started its activity very actively and within 7 years increased the number of payment acceptance points throughout the Russian Federation to 250 thousand. The basis of the RUpay system remains the same, but RBK Money has significantly expanded its capabilities, including technological ones.

 

Irrevocable transactions

The main currency of the system is a unit corresponding to the equivalent of the Russian ruble. Therefore, transactions can be performed exclusively to ruble accounts. All transactions carried out by customers are irrevocable, which improves the capabilities of the service. So, it is precisely due to the irrevocability of the transaction that the attackers are unable to get money back after their transfer.

 

Withdrawing funds from the system

The system offers almost all payments without paying a commission. The client is charged a 2.9% fee for urgent cash transactions (withdrawal of funds). Withdrawal to a debit card takes no more than 24 hours. Commission is charged by the system when withdrawing an amount that exceeds 10 thousand rubles per month. The RUPay system also offers to use the RBK Money card, which expands the clients capabilities, namely:

funds can be withdrawn without commission (regardless of urgency);
money can be transferred from wallet to card and back 24 hours a day;
reduced commission percentage for all financial transactions.
You can link a debit card of any bank to the system. At the same time, you must be ready to pay interest, which is rarely less than 3%. Alternatively, you can use the withdrawal of money to a bank account.

 

Business proposals

Today the RUpay (RBK Money) payment system works not only with stores selling goods and services in the global network, but also with offline trade representations. Each payment is charged a processing fee of 2.5%. A feature of payments is their security, which is ensured by:

irrevocable transactions;
monitoring of all types of payments, which guarantees a 100% guarantee of secure payments;
transactions pass through secure PCI DSS channels, the standard of which is established at the international level.
The user can track each payment, since each transaction is carried out under a unique number. The RUpay (RBK Money) system offers to use the most popular methods as payment.

Innovative RBK Card service for an online store

The company has developed a “smart” solution especially for small businesses, which completely replaces the payment terminal. The online terminal works with the Android or iOS operating systems on any modern device. The principle of operation of the application is similar to traditional terminals presented in the offline network. Payment system RUpay (RBK Money) offers software, as well as its maintenance free of charge. There is also no subscription fee. An additional advantage of the innovative solution is round-the-clock support by service specialists.

 

Electronic wallet - a digital medium for storing funds

PS clients can create two types of electronic wallets. An unidentified digital medium is formed at the stage of creating an account. The maximum turnover of funds for an unidentified user is 15 thousand rubles per day. The wallet is designed to pay for goods in stores. To receive additional benefits, one of which is to increase the limit to 100 thousand rubles, the RUpay (RBK Money) payment system requires identification. The procedure can be carried out in two ways:

through the "Contact" platform;
sending copies of documents certified by a notary.
Thanks to the receipt, the user will be able to make large money transfers, both within the system and outside it on the territory of the Russian Federation, as well as in favor of foreign companies. A convenient service is a mobile application that allows you to perform anywhere where there is internet.

 

Ways to replenish the wallet and pay on the Internet using the RUpay service

The RUPay (RBK Money) system allows you to use the entire modern set of tools and options to pay for goods and services.

Bank card. For payment, you can use any international bank cards "Visa" and "MasterCard". It is worth emphasizing that some types of cards are not intended for online payment. Therefore, such questions must be clarified directly with the bank. You can make a transaction with an activated and non-activated card. At the same time, RUpay (RBK Money) does not allow more than six payments per day.

Bank transfer. Funds are credited to the account within 5 days. Transfer fees are charged in accordance with the financial institutions policy. The maximum amount of one payment is 200 thousand rubles, but no more than two transactions per day.

Internet banking. Through a modern Internet banking payment system, you can transfer to an electronic account no more than 15 thousand rubles per transaction. Funds are received within a few seconds without charging a commission.

Self-service terminals. To pay a bill or replenish an electronic wallet, the RUpay (RBK Money) payment system offers to use terminals. Funds are received instantly. There is no commission. The terminals of the following companies are available on the official website: Rapida, Eleksnet, DeltaPlay and others.

Branches "Contact". The replenishment of the wallet takes place within 24 hours. No commission is charged. To deposit funds, you must inform the operator of the e-wallet number.

Salons "Euroset". The wallet is replenished within a few seconds. No commission is charged.

 

Tariffication in the system (for individuals)

The system offers five tariff plans for legal entities. You can get acquainted with the terms of services, as well as their cost, on the official website of the company. For individuals, the RUpay (RBK Money) payment system offers the following conditions for servicing bank cards:

issuance of a debit card and its maintenance subject to regular transactions - no commission;
servicing the card in the absence of financial movements within 2 months - 300 rubles (for 30 days);
transfer of funds to cards of other banks - no commission;
intrasystem transactions - no commission;
urgent withdrawal of funds to the card - 2.95%.
As additional services, which are also provided free of charge by RUPay (RBK Money), you can count on the following:

investigation of transactions;
issuance of account statements to the client (in electronic form);
provision of documentary information on financial transactions.

Service benefits

The modern payment system RUPay (RBK Money) has many advantages, among which are:

security system. Both legal entities and individuals can be absolutely sure of reliable protection of funds. The platform has a unique multi-layered protection system that is constantly monitored by the security service. Additionally, the user has the ability to configure access paths to the electronic wallet. An additional security criterion is the payment password, without which transactions are impossible;
no commissions for replenishing an electronic wallet, as well as most financial transactions;
efficiency of monetary transactions;
ease of use of the RUpay service (RBK Money).
It is also worth highlighting a wide range of business tools. Perhaps due to these advantages from several dozen electronic payment systems, RUpay (RBK Money) is among the best.