Familiarization with payment systems

Alex Morgunov

Alex Morgunov

Project Lead

Familiarization with payment systems

Modern life sets the fast pace of actions: decisions and payments should be made pretty quick. The last point could be released with online payment systems. There is a huge variety of payment systems and everyone judges for their-self. So let us help you to make the right choice according to pros and cons of each system. The real experience of our experts would be also a cautionary example.

 

Digital payment systems for everyone  

  1. PayPal is one of the oldest global giants among electronic billing systems. The customers from more than 200 countries prefer this system for either commercial relations or for habitual actions. Some of the indisputable benefits are:

 

 

However, there are some issues in this electronic billing system:

 

An opinion of the PayPal user:

Josie, 22 y.o.
CEO

“My choice is PayPal billing system. It`s easy to use and it saves my time while I`m shopping online. I can also get or make a money transfer in a wink.”

 

  1. The Payoneer payment system has other priorities.

    List of 
    benefits comprises:

 

But there are some negative points as well:

 

Real experience

Dmitry, 30 y.o.
2D Artist – Freelancer

“As a freelancer, I appreciate the ability to get a payment quick from almost any cash dispenser. The Payoneer works with Upwork, so it simplifies my life “.

3. Stripe is a company, responsible for acceptance and processing of online payments. The main task is to provide technical support and banking infrastructure for their clients.

Convenient, that customers can implement Stripe in the own web site without becoming a merchant. Furthermore, using of Bitcoin was announced as a further step in Stripe development.

 

Unfortunately, Stripe doesn`t integrate with a 3D secure process. So there is no verification procedure per message. There is a 7-day waiting period for introductory actions, so it`s not so fast, to begin with. Not each country can be involved in holding a Stripe account because of limited spread.

Real experience

Monika, 43 y.o.
Entrepreneur

“Best decision for my business. Managed Accounts allows us to establish fruitful relations with deliverer by taking care of all articles of agreement”.

As you can see, there are a lot of opportunities can be provided by using payment system. Some are more convenient for e-commerce activities, marketplaces and other reaches out with wider business dimension. Anyway, don`t hesitate, choose the best one for you!

 

 

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