Top 7 Popular Payment Systems
PayPal is probably the most popular e-payment system in the world. It was created with the security of payments in mind. A consumer’s card is linked to their account, which allows keeping card details private. If a purchase was not delivered or turned out to be of poor quality, a consumer is very likely to get a refund by opening a dispute. In Russia, PayPal started to gain popularity in 2011, when it became possible for Russian users to link bank cards to their accounts and make payments online.
AdvCash is a very popular system for those who make money abroad. There is no commission for internal transfers, and a user can exchange AdvaCash to any other type of electronic money, cryptocurrency or rubles at many currency exchange offices.
Payeer is a very popular payment system trusted by top business organizations. It is especially popular among those who wish to work with electronic money and remain as anonymous as possible. Payeer offers acceptable commissions for depositing and withdrawing funds as well as 24/7 multilingual customer support.
ePayments allows a user to link an ePayments Prepaid card to their wallet. Because it is prepaid (not linked to a bank account), one does not need to inform the tax service about opening an account with a foreign bank. Commission for withdrawing funds is relatively low, and there is no commission at all when shopping online or in-store. As with AdvCash, there is no commission for internal transfers.
Moreover, funds can be withdrawn (and deposited) from an ePayments wallet to Qiwi, YandexMoney and WebMoney with a relatively low commission. Website owners can use ePayments to receive payments or pay salaries.
There was a time when Payoneer was the only acceptable way to withdraw money made by freelancers abroad. Many similar systems have appeared since then but Payoneer is still popular.
The system’s main feature is that a user receives a Payoneer card which allows them to withdraw money made abroad from any ATM in the world. Payoneer is one of the oldest global payment processing services available in more than 200 countries.
6) Skrill (Moneybookers)
Skrill is a UK-based payment service which enables such transaction options as cash, credit cards, and email transactions. A user's money is stored in Skrill's accounts in London. Therefore, those looking for complete anonymity prefer other payment systems. However, Skrill is used by millions of people around the world, mainly due to the high reliability and low commission for depositing, withdrawing and transferring money within the system.
7) Perfect Money
Perfect Money is registered in Panama and is subject to the laws of this country only. The system allows users to receive, deposit and withdraw money completely anonymously, which makes it a go-to solution among those who wish to withdraw money from financial pyramid schemes, gambling and other activities that are not fully supported by traditional payment systems.