What to do if the payment system is closed

It is difficult to imagine the life of modern people without financial institutions. If more recently, every inhabitant of the planet was forced to periodically waste quite a lot of time in queues, trying to get close to the bank operator, then thanks to the development of online technologies, it became possible to send money without leaving home, drinking another cup of coffee or tea in a cozy home environment ...
For this purpose, various payment systems have been created that operate around the clock, seven days a week. The main purpose of such resources is to ensure transactions of any volume between users with the exception of territorial and time restrictions.

What is a payment system?

As a rule, money is transferred through payment systems. In most cases, the means of payment are not money itself, but conventional payment units or specialized securities (for example, WMZ, Bitcoin). Electronic payment systems are a popular payment method for freelancers from different countries, for whom the Internet is the main means of earning money or occasional part-time work.

Payment systems perfectly replace cash when making domestic and international payments. Today this is the basic service recommended by banks. However, they are not without drawbacks. It cannot be ruled out that each payment system may close down for unclear reasons. Such precedents do not happen often, but nevertheless, they can happen.

Digital currencies are analogous to a regular plastic credit card. This tool is intended for payments via the Internet, online and is convenient and practical, as well as a fairly reliable security system. You definitely need to learn how to use payment systems. An Internet entrepreneur who does not know how to use payment systems is like a driver who knows theory but cannot drive a car. Registration in these systems is completely free, even an inexperienced user can handle it.

Payment security

The number and volume of online payments is growing steadily. Some transfer money, others order goods in online stores, others withdraw money from accounts or send to each other, pay for utilities and mobile communications. But almost every person wonders if he will fall into the hands of scammers. In order not to become a victim of fraud, you just need to be the most careful.

So what do you need to know about a payment system to be sure of its security?

    find information on the Internet, how long ago the payment system began its work.
    collect feedback from participants in this system on special monitoring or feedback resources.
    payment system employees do not have the right to find out the clients registration data by e-mail or phone.
    create a strong password that will contain numbers and letters, at least 8 characters in different case.
    deregister if you are concerned about something.
    consult support.
 

What to do if the payment system is closed?

Factors that indicate that the payment system is closing:

    reduction of the commission for transfers, which is supposedly dictated by the generosity of the system.
    news of staff layoffs.
    unprofitable shares from the point of view of the payment system.

There were cases when the payment system was closed, under a pile of obligations piled on it, such as obtaining licenses, providing reports, such expenses are not within the power of every payment system.

What should a participant do if the payment system has closed? How to protect your rights? How to interpret this violation? The very first and necessary condition is the study of regulations, familiarization with the laws of the country. It is necessary to reread the cooperation agreement concluded between the system user and the payment system (License Agreement).

Further, contact the support service, ask for clarification about the reasons for the closure and the methods of withdrawing money, if provided. If you cannot get adequate answers from the support service, then it will be useful to contact a law firm or a court at your place of residence to find out the chances of the outcome of the case in favor of the affected participants in the payment system. The court staff will help to draw up a statement of claim, which must be taken to the office in order to receive a stamp on the acceptance of the document and the signature of the receiving person.

According to the distribution of the special program of the court - the case will be written off to the acting judge for making a decision and summoning the victims. For the best result, you can unite with the affected participants in the system, they will not be difficult to find on the Internet. As a rule, most of the victims do not know what to do to protect their money and interests if the payment system is closed, while appropriating the users finances located on the accounts.

Whether to return the lost money? At least there is always a chance for success. But at the same time, you can face such a problem of withdrawing money with a low exchange rate. In order not to face a similar problem: “The payment system was closed. What to do?" it is important to choose in advance a decent payment system that has proven itself on the positive side or work with several resources.

What to do if you have lost access to the electronic payment system

It is difficult to overestimate the importance of payment systems in the life of a modern person. They make everyday life, in particular, its material side, more comfortable. Thanks to the emergence of such resources, people have been able to save time by making payments for the purchase of goods and services online, without leaving a computer monitor, or even using a mobile phone.

With the massive spread of payment systems, the issue of transaction security and access to ones own virtual wallet has acquired particular relevance. No matter how prudent, collected and neat a person is, no one is insured against losing a pin code or password for accessing a bank account or electronic wallet.

This situation, of course, spoils the mood, and sometimes causes a state of panic. Such extremes are useless, because you can restore access to the payment system, for this there are special methods, instructions, tips and recommendations. Losing access is by no means analogous to losing your own savings.
 

PIN code is lost forever, but money will remain intact

If access to the payment system is lost, in particular, the PIN code of the bank card, in principle, nothing terrible happened. Except for the situation when money is needed urgently or the cardholder is abroad. To restore access, you need to contact the bank directly, write an application and in a few days the bank will issue a new card.

Money from the previous bank card will be saved and transferred to the new one. After all, the owners personal account is automatically transferred to a new banking instrument, which is so popular today, such as a plastic card.

It will be somewhat difficult to solve the problem if the cardholder who has lost the PIN code and access to the account is outside the state. You need to contact a domestic bank and ask to block the card before the client returns to his homeland. The problem can be resolved more quickly if a bank branch operates in the country where the particular person is located. However, getting a new plastic card there is unlikely to work, and it is not worth it, given how many bureaucratic barriers will need to be overcome to achieve this

In order not to repeat or avoid such situations, you need to save the PIN code in several places: in a file on your computer, notebook, phone, etc. Multiple duplicates are the best way to protect you from such troubles.
 

Restoring access to the Yandex.Money electronic wallet

If a person is ready to use an electronic payment system, he must be well versed in a computer at least at the user level. In any case, it may happen that the access password is lost and the user will face the problem of restoring access to the payment system.

Already at the very beginning, you need to think about how to prevent this and more reliably save it in a file on a computer, on a USB flash drive or on paper. But if you do not do all this and rely only on oral memory, the moment may come when it fails, and access to the wallet will be closed.

So how can you restore access to the Yandex.Money payment system? Knowing only the password for the mailbox on this service, it is impossible to access the electronic wallet. And the payment password is completely forgotten. Since a mobile phone number was linked to the wallet in advance, restoring access to the system will be much easier. Having opened the official website of the Yandex.Money service, move the cursor to "My phones", where to make a request for a new password and "receive SMS", in which it will be sent.

You can go the other way: get rid of the old password and come up with a new one by opening the link "Recover forgotten payment password". Answer the secret question, which was discussed at the time of registration of the wallet. The necessary link will be sent by e-mail, following which a page with forms will open. They need to be filled in. In addition to personal data, indicate a special recovery code (it is given at the time of registration).

But if this code is lost, the case is more difficult, but solvable. There is a support service that can fix this unpleasant problem, you just need to indicate everything that is left unforgotten. Those who prefer direct communication with the administration can write a real statement in which they need to indicate their problem, attach a notarized copy of the passport. Bring the package of documents to the address indicated on the website. Access to the payment system will be restored in the shortest possible time.
 

Lost password for WebMoney - get a new one

The user of any electronic system, including WebMoney, is an ordinary person who is not alien to mistakes and forgetfulness. Even with the most disciplined, but very busy people, a situation may occur when it suddenly turns out that the access password has been lost. Even if all the secret data seemed to be safely stored in a separate file, and it somehow disappeared in an incomprehensible way. Do not get upset ahead of time, you need to strictly follow the instructions:

    Go to the main page of the site https://login.wmtransfer.com.
    Move the cursor over the "Remind" window.
    The question will appear: "What do you want?" You need to answer: "Recover password".
    Then click "Continue".
    We fill in the passport data, email address, mobile phone number, and your WMID.

An email will be sent to confirm the request. After choosing a VM identifier, you should send a request: restore access to the payment system.

If you have lost not only your password, but also your password and key file, you need to open the WebMoney Keeper classic program.

The question will appear on the page "Cant enter your personal account?"

In the section “I forgot my password and can’t remember it in any way” we click and return to the main page.

Next, a restore request is made.

When entering personal data, you need to show maximum attention, because the number of attempts is limited. Next, you need to open the sent email and confirm the application.

If a mobile phone number is tied to WebMoney, then we select recovery via phone.

You will receive a code via SMS that you need to enter. Correct answers to the proposed questions will significantly speed up the recovery of secret access data.

It will take some time until all the data sent is verified, if it is successful and all the information is correct, access to the WebMoney payment system will be restored.

If a similar situation happened to the user of the Qiwi electronic wallet, as well as to the owner of a bank card, Yandex.Money or WebMoney wallets, you should also not get lost and panic. A similar method of restoring access to this payment system. Also, as in previous cases, a mobile phone can also help here, or it is possible without it, but then this will take more time.

Despite the fact that the problem with access is quite solvable, it is still much easier to prevent it if you take the storage of valuable information more seriously and do it in various ways. Try to protect confidential information as securely as possible.

What to do if you want to abandon a payment system

Electronic payment systems provide network users with unique opportunities. You can create wallets in different currencies, deposit and withdraw money using terminals and bank cards, make instant currency exchange, pay for mobile services, utilities and buy goods on the Internet. But what if the user decided to abandon the payment system? Oddly enough, but closing your virtual account is sometimes more difficult than creating one.

Someone may ask, why refuse payment system services at all? There are several reasons:

    The virtual wallet is no longer needed, since it was created only for one or several financial transactions. Plus, SMS messages about the status of the account will no longer be received on the mobile phone that was used to create the account.
    Lost SIM card. This happens quite often, and if there is no SIM card, then abandoning the payment system will be the only correct decision. Of course, you can restore access to your account by visiting the companys headquarters, but sometimes this is difficult. For example, a person lives in Tyumen, and the office is located in Moscow. Is it worth spending money on a trip just to restore access to the personal account of the payment system? Of course not.
    The user decided to completely refuse the services of the payment system for personal reasons.

Whatever the reasons for refusing payment systems, the user should have the right to close his account. Consider the process of deleting an account based on three payment systems commonly used in Russia - "Qiwi", "Web Money" and "PayPal". 

Deleting an account in the "Qiwi" payment system

So, to permanently close your Qiwi account, you need to do the following:

    The first step is to log into your account using your login, phone number and password.
    In your personal account we find the option "Contact technical support".
    The user will need to fill out a "ticket" as follows: specify a phone number, enter a valid email address and compose a message with a request to close the account and delete personal data, including information about all financial transactions. This will be enough to abandon the Qiwi payment system.
    Within a day, a letter will be sent to the email address, which will contain detailed information about the transfer of your request to the postal address of the system security service.
    The security service may ask you to provide scans of your passport and a copy of the contract. The user is not obliged to send them, since the request was made from the personal account of the "Qiwi" system.
    Now you need to wait for a response from the security service.

If you want to speed up the process of deleting an account in the "Qiwi" payment system, then you can agree to the request of the security service and send scans of your passport and a copy of the service agreement.
 

How to delete account "WebMoney"

The electronic payment service "WebMoney" is used by a huge number of people. It surpasses Qiwi in terms of importance and number of customers. But it happens when the user no longer needs an account. How to write a refusal from the payment system in this case? Unfortunately, there is no such feature.

Many users have tried to close their accounts using different methods, but the only thing that technical support can do is block the account. Information about the user, as well as information about all financial transactions will remain in the system forever.
 

Deleting your PayPal account

In Russia, the PayPal payment system is not as popular as its domestic counterparts. But many users use it to buy goods or pay for services on foreign sites where Russian payment systems are not supported. There are several ways to delete your PayPal account:

    We enter the system. On the main page of the site, you need to find the "Account" section and go to it. Next, we find the button "Account Settings". It is in the upper right corner and looks like a "gear". In the new window, we find the button that is responsible for deleting the account and it is called "Close account". After its activation, your account is blocked and after a while the account is completely deleted.
    You can also opt out of the PayPal payment system in another way. Authorization in the system. Next, we contact technical support with a request to delete the account. Importantly, the message must be written in English. You will be asked a few simple questions, and then the account will be deleted.
    The third way is simply not to use the system anymore. But in this case, there is a possibility that attackers will use your accounts for their own purposes.

Before deleting your PayPal account, make sure that all funds have been withdrawn and that at the time of deletion there are no ordered products in any online store. If there are pending transactions, then it will be impossible to cancel the payment system.

Why is it better to bind an electronic wallet to a mobile phone number

The new millennium pampers the inhabitants of the planet with hitherto unseen technological innovations. Changes are taking place in all spheres of human activity. Financial direction is not an exception to the general rules. The advent of electronic currency has changed our lives beyond recognition.

Could anyone even 10 years ago have assumed that to make money transfers, pay for utilities, buy goods, you will not have to take a wallet with paper money and go to a bank or store. Now all this can be done in a familiar home environment, without leaving your computer monitor. For this, there are electronic payment systems where you need to register and open an account. It is advisable to link money to a mobile phone.

About why and for what this procedure is needed and will be discussed in this article. There are plenty of such electronic services now, they allow a person to manage his money as he sees fit. Among the leaders of such systems are WebMoney, PayPal, Yandex.Money and many others.

To become a user of one or more of these services, you need to go through the registration procedure. This process is similar to authorization on all kinds of sites or social networks. The only difference is the relatively long time required to download the key files. Subsequently, they need to be securely stored in different forms (electronic, paper on different media) so as not to lose.

Otherwise, you can lose access to the service. By the way, if you lose your login key or password, you will have to go through the recovery procedure. And it will be very good if electronic money is tied to a mobile phone. Then it will be much easier to restore access. Otherwise, the restoration may take several days, which can cause a lot of problems when it will be impossible to make money transfers or make an urgent payment for a long time.

And if the mobile is tied to an electronic wallet, then if you lose your password, you need to go to the site and indicate the phone number in the appropriate field and formulate the reason for the request. Almost instantly, information with a new password will come to the phone.

The registration process itself requires the indication of detailed personal information: e-mail address, full name, passport data, gender, date of birth. Each service has its own characteristics, some require an identification code number or medical insurance policy. During the registration process, it is proposed to indicate a mobile phone number, sometimes it is mandatory, on some services it is voluntary. The user chooses the option himself, but it is better to agree, because this procedure does not require any extra effort, no expense, or much time. Next, the money is linked to the mobile phone, to which the corresponding message is received, and the registration is confirmed. Subsequently, in the process of using the electronic payment system, all the most important information about the payment system will be sent to the phone, in particular, about making changes to the service, coming to the account or transferring money from the account.

It is very convenient, because wherever the user is, the mobile phone is almost always near him. The same cannot be said about e-mail, because the computer remains in place when a person is outside his home or place of work.
 

Another reason for binding

Why should we give preference to the proposal to link electronic money to a mobile phone? Based on practice, which shows that the mobile is much more reliable in terms of security. It is no secret that the number of hacked e-mail boxes has become more frequent. And if the fraudsters managed to crack the email address, they can just as well get to the electronic wallet with all its contents.

Mobile phone is needed for confirmation

Many users of the WebMoney service know the main role of this procedure. After each completed transaction, a confirmation is carried out, and it goes through SMS messages. The phone instantly receives a confirmation code, which must be entered in the appropriate field, after which the operation is considered completed. You need to be very careful when entering the code, observe the correct sequence of numbers. Otherwise, you will have to repeat the operation from the beginning.

In order to bind money to a mobile phone in the WebMoney electronic payment system, you need to be the owner of a formal passport or another, which is higher in status.

Do not neglect the offer, which, firstly, will increase the status of the user of the electronic payment system. Secondly, it will make the use of an electronic wallet more secure and convenient. Thirdly, it gives the user the opportunity to be aware of all events occurring in the system, to respond in time to suggestions, warnings or innovations. To become a full-fledged user, an active participant and to have more opportunities provided by a virtual service, you need to link electronic money to your mobile phone. After all, there are more than enough arguments in favor of this procedure.

Why are virtual cards of payment systems good

If someone thinks that bank cards appeared only along with computers, they are deeply mistaken. It all started much earlier, in 1958, Bank of America decided to surprise its customers and issued the first payment card. There were so many people who wanted to become the happy owner of a plastic novelty that the bank was not able to cope with such a flow. This is how Bank Americard Service Corporation was formed, it became the progenitor of the Visa payment system. Several years later, American banks merged and created a single payment system with the capacious name MasterCard. All this was a prerequisite for a new phenomenon: a virtual plastic card.
 

Virtual payment system and its instruments

When, in parallel with the usual banking system, the electronic one was born, new instruments appeared in the process of development. The authors of electronic money understood that they needed to develop more convenient methods, and decided to create a virtual plastic card.

It represents a semblance of a bank credit card, only it is intended not for ordinary, but virtual payments. Now you dont have to run to the store to make a purchase, you can get by with an online market and a virtual card. Moreover, such a store has a much better selection of goods.

To find out which of the existing ones can be called the best virtual cards, you need to compare the advantages and disadvantages of several of their types.
 

Worldwide PayPal

The world famous electronic payment system PayPal allows you to make transactions directly from a virtual wallet, or through a card that supports PayPal. What makes this system especially attractive is that the service does not issue its own card. It has a program for binding any card the user has, for example, VirtualCard services such as Yandex.Money, QIWI and others. It can also be a MasterCard or Visa bank card. You can link any credit card or salary card to PayPal. Technically, this is possible, but practice suggests that a more ideal option is to use a separate virtual card.
 

Qiwi electronic system and its bonus

This system offers its customers the Visa Qiwi Card as a bonus. It serves as a convenient tool for making money transfers. With it, you can make purchases from foreign online stores, as well as all other monetary transactions.
Trust - not trust

The mistrust of some people towards online payment systems is based on the fact that the virtual world is intangible and has not yet been mastered enough by humans.

But it is the virtual plastic card that can be picked up and used as a real object. The fear that haunts Internet payments should not be a reason to refuse them. You can choose the best virtual card and use it with success. Moreover, in real life, you can much more often face deception, fraud and theft.

I must say that virtual stores and other serving Internet services very strictly monitor the security of their monetary systems, because this raises their level in the eyes of customers and attracts new ones. Therefore, they guarantee 99% of successful money transfers.

You can replenish the created virtual plastic card from the electronic wallet of the payment system of which you are a user. 

Virtual plastic cards: for everyone or a select few

Older and middle-aged people remember well the time when introduction to technical or other kind of innovations was the lot of the elite. Often, for a long period, they were used by representatives of the Soviet party, and then, after the collapse of the USSR, the political or criminal elite of independent Russia. Those who had the right connections, held high positions, in short, were close to the powers that be. But today such a system of "blat" and profitable connections "has gone into oblivion." Now any innovative inventions (we are talking about virtual ones) have become available to anyone with Internet access. They really enter our life, making it more comfortable and perfect.

Such benefits include a unique invention: a virtual plastic card. Its owner is exempt from commission for replenishment, only gives insignificant interest for making money transfers. Sometimes people confuse payment for shipping with money transfer services. This happens due to sometimes very high prices for services, but this has nothing to do with the payment system. This question should be directed to the trucking companies.

A plastic card with access to a virtual wallet can be used in real life situations. Recently, terminals have been installed in many supermarkets and institutions that allow transactions with electronic cards.

It can be purchased from the offices that represent the respective companys Web Bank. Employees will suggest the best option for a virtual card. Everything goes to the fact that the network of online stores will expand, and special equipment will be installed everywhere in a regular retail network, allowing you to make payments with an electronic credit card.

The main undoubted advantage of such cards is a high security guarantee. They are divided into two types: without a material carrier and with it.

The first type attracts by the fact that the user receives such a card instantly after the application. But its functions are limited only to making a deposit and making money transfers on the Internet, but it will not work to pay with it in a regular store or withdraw cash.

The created virtual plastic card with material carrier has its own distinctive features. It looks almost the same as a regular bank credit card, only without a magnetic stripe and personal signature. It allows the owner to perform all the functions that a card without a carrier does, but it also adds the ability to pay for purchases in a regular retail network. It will take some time to get it, but its worth it.

Why e-money is developing so fast

With the advent of the Internet, there has been a transition to another era. Once it will be given a capacious name that characterizes the global change in the appearance of the world.

With one click of a button, you can go to the virtual cinema and watch any movie; look into any library in the world and read a book, access to which was once unthinkable. Discover the treasures of world famous museums, attend virtual concerts of your favorite performers. Communicate with loved ones, friends, relatives who are in the farthest point of the planet.

In addition to all this, we still have the opportunity to make instant money transfers, even if the recipient is in another country. Thanks to innovative technologies created by the bright minds of brilliant programmers, we have the pleasure of using virtual payment systems. The development of electronic money has reached a level that people never dreamed of. And now we can observe what leaps and bounds this sphere is developing. A huge incentive for the improvement of a new type of currencies is their wide popularity and ever-growing demand. The number of consumers is already far from millions and is constantly growing. And since there is demand, there will be supply.
 

Sphere of use of electronic money

Prospects for the development of electronic money are very large, this area is wide open, because it affects many areas of life, both of each person individually and of business structures (from small enterprises to large corporations).

With the advent of the Internet, there was a unique opportunity to cope with mass unemployment, which has always been a big problem in any country, especially in the republics of the former Soviet Union. But now such a form as remote work has become a way out of the situation, because you can find an excellent option for yourself to improve your financial situation. With this method of earning, the employer can be tens of thousands of kilometers from the contractor. And for payments for the work performed, the electronic payment system is a unique find.

Programmers successfully solve the problems of electronic money development and bring unprecedented comfort and huge time savings into peoples lives. Thanks to these advantages, there are more and more virtual currency users. This area is so much in demand and needs further expansion and improvement.

If someone is looking for their niche, where they could turn around, realize their abilities, then it is in this direction that the greatest opportunities are. The field of activity is so wide that it will not lose its relevance for a long time.
 

Digital monetary units in the hands of Russians

If we take, for example, how the problems of the development of electronic money in Russia are solved, you will notice that it does not stand still. Although, unlike other countries, the policy of the Russian government does not fully contribute to this.

Despite this, the WebMoney electronic payment system is used by tens of millions of Russian citizens. The stages of development of electronic money are going on as usual. Russians successfully use e-currency for various monetary exchange transactions. Many have realized what the main meaning and advantages of such a system are. After all, the convenience of handling electronic money is incomparable with anything, and the speed of transactions is simply impressive, because they are performed instantly.

The constant increase in the popularity of payment systems is facilitated by various innovations in the development of electronic money, the result of which is the expansion of opportunities:

    Linking to electronic wallets numbers of mobile phones, smartphones.
    Attachment of electronic systems of bank cards to accounts.
    Obtaining an electronic card (virtual or plastic). This will allow you to make payments while at the computer or, for example, in a regular store, where there is a special terminal for virtual plastic cards.

The buyer does not need to withdraw their money or transfer it to a bank account. You can pay directly with e-currency. The prospects for the development of electronic money provide for the introduction of other instruments, which will be even more advanced.
 

Factors contributing to the development of digital money

There are a number of factors that have a positive impact on the implementation of projects in the field of electronic currency:

    Increasing the income of citizens of the country.
    Expanding the circle of Internet users with a computer and other gadgets.
    Growth in the volume of payment for advertising services.
    Making a large number of micropayments.
    Striving for comfort and time saving.

 Russian legislation: for or against electronic currency

But in Russia, there are factors that create problems for the successful development of electronic money. In particular, the new Federal Law of June 27, 2011 N 161-FZ "On the National Payment System", introduced changes that express extreme distrust of users of electronic currency. One gets the impression that the Russian authorities are by no means on the side of those who are interested in the development of electronic money in Russia. Although, on the other hand, such intervention by the state is explained by the desire to maximally protect users of electronic currency from fraud, attacks by hackers, and the use of currency for purposes prohibited by law.

As you know, the WebMoney payment system has a multi-level system for obtaining passports. The higher the status, the more expensive it is and requires additional personal data from the user. The Russian authorities explain such requirements by the desire to provide higher security guarantees for user virtual deposits. Although one cannot fail to notice that another goal is also visible here: to strengthen control and get maximum information about each user.

After the introduction of the new law, which is called "anti-money laundering", new requirements have appeared, in which the user of any electronic payment system is obliged to identify himself. The exceptions are utility bills, payment of membership dues for garden and dacha cooperatives and payment for communication services, but if the amounts do not exceed 30 thousand rubles. Anything beyond that requires identification.

Thus, it can be assumed that in Russia the passage of the stages of development of electronic money will be somewhat different from how this process takes place in other countries. But, in any case, this one cannot be stopped, it is launched and actively continues.

The rivalry between virtual and traditional financial settlement methods

The origins of electronic money can be considered the events of 1918, when the US Federal Reserve Bank made the first transfer of money via the telegraph. It took a long time before the American clearing house returned to the issue of electronic services in 1972. But now we can safely say that the development of electronic money is taking place by leaps and bounds.
 

Evolution of virtual currency

The evolutionary process of virtual money is divided into several stages:

First stage: late 60s - early 70s. last century.

Second: the second half of the 80s.

Third: mid-90s

Fourth: the first half of the current XXI century.

At the first stage, digital currencies were records on the accounts of electronic computers installed in the buildings of financial institutions. Information from the accounts of credit institutions was converted into electronic format and entered into computer memory.

The second stage is significant in that the money was already represented by electronic impulses transferred to plastic cards. This was a tremendous progress, especially since such changes took place relatively quickly. This took less than 10 years.

At the third stage, in the last decade of the last century, there was a real breakthrough when the first electronic wallets appeared. For this, special devices were used, where electronic pulses were embedded. The innovative virtual money was presented in the form of an analogue of banknotes, with which it was possible to carry out the same operations as with ordinary cash.

The fourth stage presents broad prospects for the development of electronic money. At this stage, fundamental changes took place. Technologies have been improved, the functionality of virtual money has been expanded. Now they can not only pay off bills, but also exchange money, convert, accumulate. The future of electronic means of payment is their transformation into “world money”.

At this stage, thousands of problems of electronic money development are solved. After all, it is characterized by a huge surge in the popularity of digital currency, which claims to be the predominant means of mutual settlements. 

Prospects for electronic money in Russia

Despite some moments that hinder the process of introducing a new type of payment, the development of electronic money in Russia also has its own perspective. It will be successful if it can cope with some problems:

    The mass user must have complete confidence in the electronic currency. This requires ideal conditions for their unhindered use, so that an equivalent exchange for the required national currency can be easily made. Stabilize the state economy, because there must be a guarantee for monetary coverage of electronic monetary units in full.Definition of electronic money as a multifunctional and unique means capable of performing all transactions, as well as their recognition as world money. Clarity is needed, which is lacking at the moment. Different users and subjects of monetary relations understand electronic money in different ways: some equate them with bank cards, others believe that these are credit cards or cards of specific objects (shops, service companies, communications, etc.).
    The issuance process and the credit sector must be strictly regulated. Otherwise, lack of control can lead to a surge in inflation if the amount of electronic money exceeds the amount of real money.
    The circulation of virtual money should take place in the most optimal way for this type, so that it does not turn into a kind of national currency. They must have an adequate equivalent of a specific national currency and could be exchanged in accordance with the market rate for any other currency.
    The possibility of providing a loan in electronic money. So far, they do not have sufficient real backing with real money. After all, inflationary phenomena cannot be allowed.
 

The future of electronic money determines the pace of its development

If we objectively look at the prospects for the development of electronic money, we can say with confidence that their future is optimistic. The potential inherent in them predicts the possibility of becoming a global means of global payment interaction. One can disregard or deny the role of state regulation, perhaps, over time, it will disappear by itself as an unnecessary element. But, at this stage, the option seems more realistic in which a certain part of some functions can be controlled by the state, and the rest is completely at the disposal of individual users.

One can agree with this concept, one can deny, argue, discuss what is happening at the present time. After all, the fourth stage in the development of electronic money is the most responsible and significant. The level of development that has been achieved in the field of electronic payment systems, where electronic money is the main actor, requires special attention. After all, it is marked by immense popularity among hundreds of millions of users. Many types of electronic money and payment systems have been created. According to the accumulated number of new qualities, functions, tools, this stage is coming to an end, and soon we will be on the verge of a new stage. It is likely that this will be the transition to world money.

What is the most popular payment system in Russia

I do not want to say unnecessary words about the popularity of the new type of payments through electronic currency. This theme is well known to its users, who are already hundreds of millions. Although beginners have a lot to learn about.

In order to better understand what the essence of electronic settlement services is, the main thing is that they do not need to be identified with non-cash payments of traditional funds. They have nothing to do with digital money, as well as with credit cards. These are independent modern online structures that operate in the vastness of the virtual world and are constantly improving in the process of their evolution, becoming more perfect and more diverse.

As conceived by the programmers, a unique virtual product was created - electronic coins presented in the form of commitment files with an electronic signature, which is a security element.

Before moving on to the topic: popular payment systems in Russia, recall their main advantageous features:

    There is no need to give change. They are divisible and combinable.
    For their storage, you can do without special equipment with mechanical protection.
    They are not counted or transported. These functions are performed automatically.
    Issuing is not very expensive, and if you compare it with printing paper money and laborious production of coins, then there are serious savings.
    They are not subject to wear and tear, which means they do not need updating, their service life is infinite.

To correctly assess which are the most popular payment systems in Russia, and what the level of popularity depends on, you need to know not only their positive qualities, but also know their weaknesses:

    There is no single regulatory law. This can provoke all sorts of violations, abuse, arbitrariness, use of virtual money for unseemly purposes.
    Not all payment systems have yet improved tools for making payments and storing information securely.
    There are not enough opportunities for using virtual currency, there are still not many shops where you can buy goods for e-currency.
    The mechanism of currency conversion does not work well enough.
    There is no reliable confirmation of the issuer, as there are no government guarantees.

Russian virtual payment systems

The largest electronic payment systems popular in Russia are:

    Yandex. Money.
    Webmoney.
    Qiwi.
    PayPal.
    Moneybookers.

And now more about each of them.
 

Yandex.Money, the most popular system among Russians

Yandex. The money, founded 14 years ago, has received recognition from the majority of Russian citizens, and today people from other countries also use it. We can say that this popular electronic money in Russia continues to win new users. It is easy to use. To carry out monetary transactions in this service, it is enough to have basic knowledge of computer skills. The main condition, of course, is the presence of the Internet.

This popular payment system in Russia is designed to use virtual currency for private, family and household purposes.

Initially, it offered its clients such types of accounts as Yandex. Wallet and Internet wallet. The second type carried out operations according to a special program, but at present only the first type remains active.

Through this payment system, which is one of the most popular in Russia, you can easily and conveniently pay for services, goods purchased in online markets, fuel at gas stations without leaving your home.

Yandex.Money does not take commissions for deposits and certain purchases. If money transfers are made between users of the system, the commission is only 0.5%, when withdrawing money - 3%.

For the opportunity to establish the amount of commission by a Yandex.Money partner independently, it can claim the title of a popular electronic payment system in Russia.

Russians choose this service for its convenience and simplicity. They have the opportunity to replenish their virtual account in any way that they like:

    Using ordinary bank transfers.
    Special terminals.
    Use exchange points through cash.
    Services "Contact" and "Unistream".
    On previously received prepayment cards.

The popular electronic money of Russia of the Yandex service allows you to transfer it into cash in this way:

    Transfer to a bank account or bank card.
    ATM from a Yandex.Money card.
    Through transfers within the network.
 

WebMoney is not inferior in popularity

WebMoney also belongs to the popular payment systems in Russia. Together with Yandex.Money, these two operators account for over 80% of the entire electronic payments market.

This service claims to be an international settlement system. The company "WM Transfer" Ltd was founded back in 1998 in the English capital London. Technical services and the Main Certification Center are located in Moscow.

WebMoney has in its arsenal a huge list of national currencies, the equivalent of which is WebMoney. Legal entities in a number of countries guarantee their legal use: Russia, Belarus, Ukraine, etc.

On the official website of the service there is a step-by-step instruction that will prompt you to register and open an electronic wallet. The program provides the passage of payments in equivalent with a huge list of national currencies, and gold circulation is also allowed, while the unit of 1 electronic gram of gold (WMG) is taken as a basis.

A member of the most popular payment system in Russia WebMoney must obtain a certificate of one or several types (there are 12 of them). The higher the level of the certificate, the higher the status of the user, this gives more authority, and, accordingly, more opportunities.

The popularity of this service is due to the high level of security. There is an Arbitration for resolving conflicts or disputes.

Such payment systems are popular in Russia also because they are subject to control, their users are identified. And this moment is welcomed by the countrys leadership. For law-abiding citizens, this form of service allows them to feel confident, they will not have worries about mistrust in them, as users of digital currency.

To top up your WebMoney e-wallet, there are several options:

    Via telegraph, post office or bank.
    With the help of "Western Union".
    Purchase a prepaid card.
    Through special exchange points.
    Using terminals.
    Exchange between service participants.

If we talk about the amount of commission, then everything is the most profitable, except for prepaid cards and terminals.

Electronic money can be used in many cases, but sometimes there comes a time when cash is urgently required, the popular electronic money of Russia WebMoney can be withdrawn to fiat, for this you should apply:

    Transfer funds to a bank account and then withdraw cash.
    The exchange office makes it possible to receive cash from the WebMoney virtual wallet.
    Western Union also has a virtual currency withdrawal function.

It will take some time to withdraw funds, because you will need to go through the appropriate certification procedure. But all these difficulties are justified by a high level of security when making money transfers and the safety of the contents of an electronic wallet.
 

Qiwi for loan repayment and services

The Qiwi system operates in 22 countries of the world, including Russia, where the unit of calculation is the electronic ruble, which is equivalent to the usual one. Users of the service successfully use it to pay for services: repay loans, pay for utilities. All transactions take place through the Internet and mobile devices, through special network terminals.

The level of popularity of each virtual settlement system in Russia is conditional. After all, everyone chooses for himself the one that meets their criteria, goals, needs.

Taking into account the close attention from the Russian government, especially in the light of the federal law of June 27, 2011 N 161-FZ "On the national payment system", it can be noted that the electronic currency is not particularly in favor of the authorities. But at the same time, its popularity does not suffer, and in spite of everything the Russians continue to actively use it. After all, this is required by life itself, into which virtual currency has already firmly entered.

Why many are reluctant to switch to electronic payment systems

Electronic payment systems have long been a part of society, and for many they have replaced the usual paper money. The main difficulty is conservatism, which is deeply rooted in every person and does not allow him to rebuild to a new rhythm of life. Because of this, the transition to electronic money rarely goes smoothly. The rustling of currency in the wallet gives confidence in the future, additional peace of mind. But what are the real problems with the transition to electronic payment systems? What are people afraid of? Lets consider the disadvantages of the systems in more detail.

The peculiarity of the EPS is that for any transactions there must be a stable connection with the companys server. If there is no connection and the connection is broken, access to funds is lost. Of course, many systems are capable of working offline, but these are few. There are also fears that if the connection is broken when a particular transaction is made, funds may be lost.

Any transaction that is carried out in the system is recorded on the server. In addition, for large transactions, the user must pass identification, that is, provide personal data, including a passport number, identification code and a number of other documents. If necessary, the tax authorities receive information about a particular user. If the earnings are legal, then the person has nothing to worry about, and if not, then it is worth deciding for himself whether such a risk is necessary or not.

The transition to EPS opens up many opportunities - it simplifies payments for online purchases and for utilities, accelerates payments for purchases in an online store, opens up the opportunity to order food at home, and so on. On the other hand, the full range of capabilities of electronic systems has not been realized. Participants in electronic settlements may not accept money. In practice, this minus is gradually losing its relevance, because the possibilities of EPS are expanding. Today it is difficult to find an online store that would not accept a new type of coins for payment. All this makes the transition to electronic money more comfortable.

If we compare EPS with the same banking system, then it is not protected, and money is not provided by the state. There is always a danger that the current operations go beyond the laws in force in the country. This is why the transition to electronic payment systems is so painful for many. On the other hand, risks are minimized by using the currency only for settlements, and not for storing large amounts.

Despite the fact that the use of electronic currencies does not cause problems, you cannot do without installing additional tools. Users are frightened that they will have to understand the numerous and incomprehensible programs, their installation and configuration. Most of all "conservatives" are afraid - people aged 40 and over, for whom cash is a more reliable method of payment.

Despite the desire of the creators to provide a high level of security, users again and again fall for the tricks of scammers. In this case, most often it is not the EPS themselves, but the people who are not able to protect the computer from outside interference. The fear of losing money due to a virus or a worm is so high that the process of switching to new types of currencies is delayed for a long time. In fact, a reliable anti-virus system and careful attention to personal data are enough to avoid problems.

Do not forget that many electronic systems are on their way to becoming. Experienced hackers are able to develop dozens of hacking methods, each of which can lead to the loss of user funds. That is why preference should be given to those systems that have been on the market for a long time and have proven their effectiveness.

Potential clients are discouraged by the presence of limits on appeal. When switching to electronic money, you should be prepared to limit the maximum amount on the account or limits for withdrawing money. In this case, the upper "ceiling" depends on the presence of user identification. If the user has provided and confirmed personal data, then his threshold is increased. This feature of the EPS creates a lot of inconvenience for users and forces them to leave the "shadow".

Indeed, the transition to electronic payment systems has been delayed. But there is movement in this direction. 5-10 years will pass, and there will not be a single person who does not have electronic wallets. For their part, payment systems should also try to increase the level of security and make the use of electronic money even easier.

Why payment systems devote a lot of time to security

Electronic money is a type of virtual currency that can be used to make payments on the network. Against the backdrop of globalization, the popularity of online payments and the takeover of online commerce, the security of electronic money is one of the main challenges.

In fact, the value of the new type of coin is no different from electronic money. In this case, the electronic version of "cash" can be issued in different currencies (depending on the needs). Initially, Internet money was created to facilitate payments through the global network, but amid the general takeover of the Internet, the security of electronic currency has become a weak link.

Electronic payment systems are the issuers of the money considered above. We are talking about special companies that issue virtual money, develop and improve existing technologies, act as guarantors of operations. In some cases, EPS are a part of large Internet companies operating in a particular field, for example, Webmoney, Yandex.Money and others.

Each EPS has its own money and individual development goals. At the same time, the security of electronic payment systems is a factor that ensures popularity among Internet users. As for the functionality, interface, capabilities and level of development, these aspects are gradually fading into the background. First, the user evaluates the security of payment systems, after which he begins to study other aspects.

 Indeed, maximum attention is paid to the issue of protecting the network and clients. What is the reason for the attention to security issues in payment systems? There are several of them:

- The higher the reliability, the more trust from users and the higher the level of earnings;

- Security acts as a guarantor of protection against online fraud;

- The level of protection is the main indicator of the stability of the system in the event of external influences of various nature.

Fraudulent schemes

At first glance, the security of electronic money is beyond doubt. EPS have done everything possible to protect themselves and users from theft of funds. But this is not the case. Every year the market for electronic payments grows by a third (this is only in the Russian Federation). With this number, the volume of fraud also increases, which becomes more sophisticated and invisible to the eyes of users. According to tough statistics, the main reason for crimes is the inability of people to ensure the personal safety of funds. At the same time, it is also not worth sweeping aside the fault of payment systems. If we consider the popular types of fraud, then it is worth highlighting:

- "Fishing in a hacker way". Electronic currency security is imperfect. Apparently, the creators of a new type of fraud wanted to prove it. The bottom line is the theft of the clients personal data, for example, payment card details or wallet data on the global network. Secret data is "exposed" is elementary, but it is more difficult to recover funds.

The easiest method to obtain information of interest is to send spam, "worms", a wide variety of viruses, invitations to fake resources on the network, and so on. At the same time, guaranteeing the security of electronic payment systems is not as difficult as it might seem - it is enough to update the antivirus from time to time and try not to visit unverified sites. Otherwise, it will not be difficult to become a victim of another scammer.

Personal information such as passwords to an Internet wallet or key file, CVV or CVV2 code, verification passwords - this and a number of other data cannot be disclosed to unauthorized persons (even to bank employees). If you want to make a transaction in the direction of another network member, it is enough to know the number of his wallet or card.

    Wallet theft. The security of payment systems also raises doubts from the standpoint of the safety of funds in electronic wallets. So, one of the new ways of theft is to entice personal data from users in an exchange way. The schemes are as simple as the world - buying a service (product), receiving an advance payment with the transfer of half the amount.

Fraudsters take advantage of the gullibility of customers, entice personal data and transfer funds to their wallet. There are hundreds of fraudulent schemes using the Qiwi or WebMoney payment system. In such situations, ensuring security in payment systems should come first. If you have the slightest suspicion of fraud, you should notify the security service. Otherwise, refunds become difficult.

    "Nigerian" letters. It is worth noting one more scheme, which involves mailing from representatives of credit financial institutions of other countries (for example, Hong Kong). The author of the letter offers to play the role of a fictitious heir on the part of one of the millionaires in Iraq, while receiving in return 40% of his property. It also provides detailed instructions on what actions need to be taken next -open an offshore account, deposit 500 euros on it, set up remote use and send information to the sender of the letter. Despite the simplicity of the manipulation, people decide to translate. Scammers play on greed.

Types of online fraud

In the process of creating protection, the payment system pays attention to many points, from direct attacks to the server and ending with neutralizing the fraudulent schemes described above. And there is work to do here, because there are many options for online fraud. Among them:

    Phishing emails. This term covers mailings from organizations, social networks or sites. Such mailings contain information according to which the recipient must perform any actions and transfer confidential information to a third party.
    Phishing links. The principle is simple. A person enters a set of characters in the address bar (follows the provided link) and gets to a fake page of a company (organization). Subsequently, the information that is entered in the fields is recorded by the attackers. It is a matter of technique to use the obtained data for personal gain.
    Site substitution. This is a variation of a past scam, but more serious. This is about creating a fake site that looks a lot like the original. In an attempt to enter a necessary and well-known site, the user finds himself fake. At the same time, all accounts that are entered by the visitor are recorded by the attackers. The principle of the virus operation may be different, but the result remains unchanged.
    Mobile phone fraud. Recently, SMS messages or calls allegedly from employees of banking institutions are more and more in demand. There can be a dozen reasons for luring funds, for example, the password has expired, a breakdown has occurred in the system, a plastic card is blocked, personal information is lost, and so on. If the attacker managed to lure out the necessary information, then the goal is achieved.
    Inattention in relation to information carriers. As mentioned, the security of electronic money depends on the care of the owner. The reason for the banal theft of funds from the wallet may be leaving a memory card, phone or PC in a conspicuous place unattended. A few minutes are enough to find out the necessary information.
    Use of simple passwords. The security of electronic currency depends on another factor - the reliability of the set passwords. If you do not pay special attention to this moment, then it will take no more than a few minutes to gain access to personal information.

Break-ins and thefts

The greatest danger comes from hackers who can break into a users email or wallet. But dont get lost. The security of electronic payment systems can be ensured if you know a number of secrets:

    Hacking an electronic wallet by guessing a password. At risk are public wallets that are disclosed to users to collect funds for donations, development of a project or resource. To protect the wallet, you should do the following - set a complex password, use double authentication, transfer funds only via SMS confirmation.
    Hacking e-mail and using funds in the wallet by "restoring access". After gaining access to the mailbox, the attacker requests recovery and then uses the link to change the password. For protection, it is worth using the following recommendations - use only double identification, use reliable email services that guarantee protection against hacking (https encryption is required). In addition, you should not store information with passwords in your mailbox - this is a gift for cybercriminals. Having obtained data using viruses or worms, it costs nothing for a hacker to gain access to the rest of the information.
    Some programs are embedded in the computer and carry out a number of instructions from the owner - they collect passwords for social services, receive information on payment, "fetch" passwords to the mailbox, and so on. Protection - the use of antivirus programs with a mandatory update, maximum attention when launching suspicious applications, files, using checkers, and so on. It is worth remembering here that the security of the payment system depends on the users attention, and not on the EPS itself.
    Spoofing passwords in chats or forums. An attacker can introduce himself as an administrator or a moderator, enticing information he needs. To eliminate such problems, it is not recommended to transfer your login or password to third parties, communicate with the support service only through an official resource, do not use the services of intermediaries and do not transfer important information to unauthorized persons.

General safety rules

It is worth considering a number of security rules in payment systems that must be taken into account:

    Keep passwords and other important data in a secure place. A desk or notebook is not the best place to store it. Do not share personal information with unauthorized persons. Use antivirus programs and update them regularly. When working through a payment resource, try to check the website address, as well as the availability of a secure connection via https. In this case, the certificate itself must be signed by a trusted center.
    Try not to publish phone numbers or mailbox addresses that are linked to your wallet. In addition, you should not publish personal information in the public domain through which attackers can gain access to personal data.
    Do not use various buses, bonus collectors, checkers and other applications.

What is the payment system from Google?

Google Corporation is a world-famous company that is developing in several directions at once. One of them is the development of payment systems that can simplify and speed up the payment process on the Internet. What Google payment systems are there? What are their features? Does Google Wallet have any prospects? Below we will consider the stages of development of payment systems of the "giant of the search network". 

Google checkout

One of the first developments of the company was the online payment system Google Checkout. The creator set the task to optimize and facilitate the online payment process. The system has been operating since 2006 in the United States of America, and a year later it was launched in the UK. The official currency is the US dollar, and since 2007 the British pound sterling.

The new service made it possible for users to make purchases in the global network without having to fill in information on the website of each of the online stores. The principle of the service is based on linking a client card to an account with the ability to make payments through a reliable intermediary (Google). But already in the first year of the systems appearance, a major scandal erupted, as a result of which the eBay Internet auction banned the use of the service.

Google wallet

The updated Google payment system was "born" in 2011. The main feature is to work with phones on which Android is installed. Thanks to the new system, users have a chance to pay for goods in the store via smartphones or tablets. All that was required was to install special software.

A feature of the Google wallet is the convenience of making purchases online. To pay for the goods, just log in to the system and make a few clicks. The process of receiving and transferring funds is carried out by Google. She also assumes the functions of a material guarantor in the implementation of transactions. At the same time, the outlet “does not see” even the customers credit card number. There is no need to open an account or transfer funds, as is usually the case - all payments are made using a credit card. At the same time, it is not possible to accept payments through the Google system (this option is not provided).

An important plus is user privacy. To access the online system, it is enough to enter a minimum of information - country of residence, address and credit card number. All data is stored on the Google server, which takes care of the problems of receiving and transferring funds.

The main pride of the company is the high level of security of the Google wallet. The seller does not see the customers card number, so he cannot use fraudulent schemes. In addition, there is a rating system for selling companies, which also protects customers from fraud. According to statistics, today the payment system from Google Corporation is the most reliable in the world, with several degrees of protection.

Unlike a number of other EPS, funds cannot be stored in a Google Wallet. In essence, we are talking about intermediary functions between the seller and the buyer. Moreover, for the latter, the services of the service are free. Convenience is that information about the transactions is sent to the mailbox.

The main requirement for registration is reaching the age of majority. After 18 years, everyone can register on the site, and then enter the system using a personal username and password. If you already have a mailbox on Gmail, then a valid account can be used to log into the Google payment system.

If the password is lost, access to the system can be restored. During the registration process, an alternative mailbox is entered through which the restoration is performed.

The advantages of the Google payment system are ease of registration, reliability, high level of security, compensation for damage (in case of unauthorized purchase), verification of sellers, multilingualism and storage of data on purchases made.

Disadvantages - inability to transfer funds, limited functionality (only payment for goods), closed access to e-Bay. Since 2013, only Google content can be paid. Actually, the limited functionality of the payment system, to a greater extent, scares off customers.

Android Pay

In 2015, Google presented a new product that differs in many ways from its predecessor. The name of the new item is Android Pay. The peculiarity of the system is in complete duplication of the principles of Apple Pay. All the user needs to do is connect the card to the system, after which it will not be difficult to pay for goods in online stores. The main requirement for a merchant to support NFC payments.

Representatives assure that the new system is better and more reliable than the outdated Google wallet. In particular, payment can be made in more than 700 thousand stores around the world, and the registration and use procedure is simplified as much as possible. The system works on all phones with NFC. Thanks to the new system, the phone turns into a full-fledged wallet, which stores information about the clients debit and credit cards. You can use funds not only in virtual, but also in real retail outlets. The undoubted advantage is the support of the main payment systems that work today (MasterCard, Visa, American Express and Discover). In addition, Android Pay is compatible with many Android devices.

The developers do not plan to be satisfied with what has already been achieved. Work is underway to expand the capabilities of the Google payment system, to increase the number of partners (retailers and banks), and to develop new promotions and loyalty programs that make the service attractive to customers. It is believed that the emergence of a payment system will increase interest in the operating system several times, and by 2019 the volume of the market for payments via mobile devices will grow from $ 70 billion to $ 140 billion.

The only difficulty is that in Russia the new Google payment system does not work yet. At the same time, the creators do not announce when the situation will change.