Payment systems are gradually replacing cash payments in many professions. Now they are used much more often than fiat money, because this method provides an increased level of security and comfort.
In the modern world, trading is one of the most popular online jobs. If a person knows how to correctly determine the movement of quotes, he is sure to increase capital, after which it will be necessary to determine the best way to withdraw funds. In order not to look for a suitable service in a hurry, it is better to analyse the most popular sites in advance and choose one of them.
Principle of selecting an electronic payment system
In order to understand the essence of the payment system and determine its advantages over competitors, it is recommended to pay attention to the following parameters:
- Date of foundation – the longer the system works, the more trust it causes. A businessman should look exclusively at those resources that have been functioning for more than a year. If the company has appeared recently, there is a high probability of its fraudulent intentions.
- Types of contracts – sometimes several special connections are offered for individuals or legal entities, residents or foreigners, etc. If a trader plans to work with a foreign organisation, he should read about its policy regarding the user’s country.
- Commission charges and tariffs – the absence of commissions and too loyal tariff plans should alert the player. Such companies usually charge hidden fees or provide poor quality services.
- Security level – it is necessary to check how exactly the account is protected. Identity verification can be done by phone number, email, passport details and other methods.
- Ease of use – some sites are very difficult to understand even for a competent PC user, let alone those who do not work with computers on a regular basis. Find out how to use payment systems and whether there are detailed instructions for beginners. If the web resource works according to a complex algorithm and it is difficult for a trader to understand it, it is recommended to look for a simpler option with similar conditions.
- The withdrawal period is a very important indicator. Without taking it into account, the investor will not be able to properly coordinate his own activities and get paid on time.
- The work of technical support – unfortunately, not every service provides quality online service. On many sites, technical support responds too slowly and is not characterised by literacy in professional matters. In order to quickly solve the problems that appeared, you need to make sure that you have a good counselling service.
It will also be useful to read reviews and get from them all the information about the above parameters. The description of the service on its official website may differ strikingly from reality, but the comments of users will tell about the real advantages and disadvantages of the web resource.
The most popular payment systems
Each site has unique features and disadvantages, so there is no resource that suits every trader. Paying attention to his own needs, opportunities and desires, the trader will choose the best payment systems:
- WebMoney – is the most popular payment system in Russia. It is used for more than half of mutual settlements. The corporation is registered in London, but its main office is located in Moscow. The organisation has been operating since 1998 and is considered to be quite reliable. Its daily financial turnover exceeds 12 million American dollars.
- The service offers operations with 6 popular currencies: euro, dollar, hryvnias, Belarusian and Russian rubles, as well as Uzbek sum. Here you can work with exchange-traded gold. Each financial instrument is allocated its own type of e-wallet. The client can open an unlimited number of such wallets. Currencies are converted internally or through external resources.
- To start working, the user will have to get one or more types of attestation. The first requires only an email address, but withdrawal of funds at this level is prohibited. The dealer will only be able to replenish the wallet. To obtain a ‘formal’ attestat, you will have to upload passport photos and verify the document. To get the highest status, you will have to come to a personal meeting with a representative of the company.
- Commission charges here are not considered too high. To replenish the brokerage account, you will have to pay about 0.8% of the amount, and when withdrawing to another system, 2% is charged. The limits of a simple wallet do not exceed 15,000 rubles, and it is quite difficult to obtain a personal attestation.
- Among the advantages, you can also emphasise the high level of safety of storing funds. The company cares about the safety of money and checks passport data for reliable operations. From the disadvantages, users note the poor work of technical support and the complexity of internal operations.
- Qiwi is a relatively simple system that does not impose rigid requirements and provides an extremely simple menu. Even a beginner will be able to manage the account, because all operations are carried out elementary. Here you can quickly withdraw funds to a card or transfer them to someone else’s account.
- The company has been operating since 2008 and is considered less reliable than Webmani. It offers security through sms-confirmation of payments. The limit for payments is 15,000 rubles, and to increase it, the user will have to visit one of the offices.
- Web wallets are created in 4 currencies: dollar, ruble, euro, tenge. Payments to brokers are made without commissions, but a small fee is charged when withdrawing to a bank card. It is worth considering that not all trade intermediaries support such money transfers.
- Yandex.Money – was created in 2002 and is not inferior in reliability to WebMoney. Today, most of its assets belong to Sberbank, and this strengthens faith in the safety of payments. Most brokers willingly accept payments through this system.
- High level of security and binding to a plastic card attracts many users. At the same time, there are strict limits on payments. Only a citizen of Russia will be able to withdraw funds, because for the operation it will be necessary to attach a passport. The commission for withdrawing money to the card starts from 3%, which is considered a rather high fee for the service. Brokers-partners can set their own commissions, reaching 5 and more per cent.
Payment systems are developing very quickly. The sites refine the existing functionality and provide their users with new opportunities. In addition, cheaper and more convenient services based on secure blockchain technology may appear in the future. In order to stay informed and use the best developments, a trader should regularly check news about innovative payment programmes.
