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What is the most popular payment system in Russia?

Electronic payment systems are a relatively new financial phenomenon that has become widespread among the residents of Russia. EPS appear with an enviable intensity, but not everyone manages to achieve recognition and significant success. Among the residents of the Russian Federation and the post-Soviet space, the issue of choosing an online resource of a similar profile is relevant. Indeed, along with domestic ones , there are also foreign analogues, which not only are not inferior, but also surpass them in individual components.

Very often, Internet users who have decided to conduct transactions with electronic money ask themselves which payment systems in Russia are the most popular and reliable. Lets consider what determines the popularity of such services, and what criteria should you focus on when choosing a payment system for work?

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Dozens of electronic payment services operate on the territory of the Russian Federation. However, some of them are known far beyond the borders of the country, while others are practically unknown even to its inhabitants. According to statistical information, the following services are most in demand in the Russian segment of the Internet today:

  •                    Yandex . Money .
  •                    WebMoney .
  •                    Qiwi .
  •                    PayPal .

Lets take a closer look at the advantages and disadvantages of the most popular payment systems in Russia.

Yandex . Money

This service can be called an old-timer of the electronic payments market, since its age is more than fourteen years. Millions of users use the services of this system today. Moreover, in addition to residents of Russia, it is also available to users in many countries of the world. The cooperation agreement with Yandex .D engi signed by almost all the electronic systems that are oriented to work in runet . Therefore, the customers of these services always have access to Yandex .D engi .

So what are the advantages of this payment system that helped it gain the status of one of the most popular electronic systems in Russia?

  •                    Simplicity of the interface. Clients of the service note the ease of working with the system and the user-friendly interface. In order to register and perform any operations, the user does not need special knowledge or software. It is enough to have a personal computer or mobile phone with Internet access. A clear menu and the efficiency of information and technical support allow even the most inexperienced users to understand the functionality of the service.
  •                    Versatility. The possibility to make a wide range of transfers, pay for goods in shops and various services make Yandex .D engi one of the most popular e-currency of Russia.
  •                    Profitable commissions. For carrying out a number of operations, for example, paying for utilities, the service does not deduct a commission from users. And for transfers within the service, the commission is only 0.5%. In addition, the service allows partner systems to independently set the amount of commission.
  •                    A variety of ways to fund your account. You can deposit money to your Yandex account through bank transfer, terminals, various payment systems and exchange services, money transfer systems Unistream and Contact, which makes this service one of the most popular payment systems in Russia.
  •                    A large number of withdrawal options. You can transfer electronic money to paper money by transferring to a bank account or a plastic card with the possibility of subsequent withdrawal from an ATM.

WebMoney

Speaking about the most popular payment services, one cannot fail to mention the pioneer of Russian e-commerce, which is WebMoney EPS . Over its almost twenty-year history, the system has grown to the level of a world famous brand for the transfer of electronic currencies. The services annual turnover exceeds $ 17 billion, and the number of users is over 30 million.

The centers for technical support and user certification of one of the most popular payment systems in Russia, WebMoney , are located in Moscow, although companies from different countries of the world act as guarantors for each type of currency.

Among the advantages of this system are:

  •                    A large number of available currencies. Clients of the service have the opportunity to conduct transactions with 11 types of title units, equivalent to the currencies of some CIS countries, the dollar and euro, gold and bitcoin cryptocurrency .
  •                    High-quality technical support. The developers have created a step-by-step instruction, following the instructions of which customers can easily register on the service and open wallets in various currencies of the world.
  •                    Reliability. In order to gain access to the most popular electronic money in Russia, customers must be identified in the system and receive an appropriate certificate. There are twelve levels of user credentials, each with specific capabilities and limitations. Most users are sympathetic to such stringent verification requirements. After all, one-time inconveniences associated with the provision of documents confirming personal data, increase the reliability of the service, the safety of money in an electronic account and prevent options for using fraudulent schemes.
  •                    Arbitration system. Consideration of controversial issues in one of the most popular payment systems in Russia is carried out by arbitration in accordance with the rules of the service.
  •                    Transparency of work. In his account, each user can get acquainted with the history of work and view the list of transactions performed and funds received.
  •                    Various ways to fund your account. The services clients have access to a variety of ways to replenish an account: through bank or post offices, the Western Union money transfer system , using payment terminals, prepaid vouchers, exchange services. At the same time, the size of the commission for account replenishment is one of the lowest among similar payment services, thanks to which the WebMoney system has received the status of the most popular electronic payment system in Russia.
  •                    Convenient methods of withdrawing money from the account. The administration of the service offers customers a large number of ways to withdraw money from the account. It should be noted that the list of these possibilities is constantly growing. Among the available options for withdrawing funds, one can single out a transfer to a bank account with the subsequent issuance of cash at the cash desk. A special function of withdrawing money from WebMoney is provided in the Western Union service . The simplest and most reliable method of withdrawing funds is certified exchange offices, which allow you to transfer money in any direction as soon as possible for a small commission. The system administration recommends exchanging the most popular electronic money in Russia through the ATM service .  

Qiwi

The Qiwi system occupies a special place among the payment electronic systems in Russia. It has won the recognition of users from more than twenty countries of the world, where electronic money is actively used as a payment instrument for payments for various goods and services.

  •                    With the help of Qiwi money, you can make purchases in online stores , pay for utilities, TV and Internet providers , pay off budget arrears and fines, and make another tranche on a loan.
  •                    However, the large functionality of transfers and payments is not the only advantage of the service. Qiwi has won a high rating among the popular electronic payment systems in Russia thanks to the issue of its own Visa payment card , which allows you to withdraw electronic money. Moreover, you can withdraw funds from a Qiwi account not only in Russia, but also at ATMs in many other countries. And the conversion of funds in this case is performed automatically.

Each of the listed payment systems has its own advantages and disadvantages. Some pay increased attention to the reliability and security of funds, carrying out enhanced user identification, while others, on the contrary, allow transfers from confidential wallets, ensuring high speed and ease of payment. Therefore, everyone chooses the most popular payment system in Russia for himself individually, based on his own goals and requirements.