Electronic payment system (EPS) is a set of technical infrastructure, procedures and rules that provide financial transfer between parties of the economy with the usage of modern digital technologies. With the help of electronic systems reciprocal payments are made between commercial organizations and users that buy the good or pay for the service. On-line payments systems are de-facto digital versions of traditional financial tools. There are additional services of the systems such as transactions via ATM, payments kiosks, POS-terminals etc. Main participants of the system are – the Central bank, non-state banks and non-bank institutes. These institutes provide financial transfer via internet.
The main goal of any payment system – to provide stability and dynamics of economic turnover. Usage of the services of EPS will help you to control monetary field, will help the banks and enterprises rationally manage liquidity, decreasing the need in additional funds. Efficiency of electronic commerce supposes safe and just-in-time transfer of resources that are given to make an on-line payment. Since EPS is very effective you will lower expenses on financial operations performed via internet.
Payment systems that offer services in electronic commerce do not have united generally accepted classification. All EPS can be divided by type of the interface used to cooperate with the user. You can manage your account or perform financial operations on-line or with the help of web interface or via special app on the computer or mobile gadget with internet access. Some EPS, such as Webmoney, use both methods of cooperation with the user.
Every electronic payment system provides advantages of its electronic money over traditional means of payment. Payments via internet inside EPS differ:
Company Payin-Payout.net works with various systems used in electronic commerce, which provide its users with the following advantages:
