Payment system in network business

Online prototypes of traditional banking businesses are electronic payment systems, which have significant advantages:

1. Time-saving. It takes from a few seconds to a day to complete a payment transaction, while a postal transfer takes several days. Moreover, there is no need to spend time on paperwork, stand in lines, or leave home at all.

2. Expense tracking. The virtual account keeps a history of all transactions indicating the store and the amount you spent.

3. Security. Just like in real life, there are opportunists in cyberspace. Companies providing payment services develop effective ways to combat fraud, constantly improving their security systems.

4. Ease of Use. Such services are designed to reach the widest possible audience, so the interface is intuitive. Additionally, there is always the option to contact customer support, which often operates 24/7.

5. Convenience. Users can open an account online from any electronic device, usually absolutely free and at any time.

When choosing a payment instrument, MLM company founders should pay attention to:

1. Launch year. Early adopters have built a reputation and can provide a high level of stability.

For example, the payment system PayPal has been on the market since 1998. It is the largest debit electronic payment system in the world, despite the fact that platforms with more advantageous functionality have been developed over this time. As of 2017, PayPal operates in 202 countries and has over 200 million registered users.

2. Tariffs. They vary for everyone, depending on your monthly turnover, the nature of your company's activities, and may be tailored specifically for you.

For example, in the Robokassa system, individuals are charged a commission up to 15%, while for legal entities,  depending on the turnover, the contribution amount can be reduced to 1.5%.

3. Features. This is what the system can stand out for, apart from tariffs. There are quite a few tools of this kind on the market, and services must have competitive advantages. Some allow payments everywhere and show maximum loyalty to users, while others operate only in one or two countries, offering a wide range of payment methods and low commissions.

Payment integrations have certain advantages for conducting network business:

- no restrictions on the location of business parties;

- automation of mass payments;

- lenient requirements for registering entrepreneurial activities;

- Funds are withdrawn as quickly as possible (within 24 hours) and by any convenient method for the distributor.

Robokassa

Operating since 2003. If a user is registered as a physical person, the commission of 2-15%, which is calculated at the time of payment, can be paid by both the buyer and the company.. If the user is registered as a legal entity, the commission can be reduced to 1.5% depending on the turnover.

- a large number of payment methods: various online banks, numerous electronic payment systems, mobile operators, communication salons, and various terminals;

- possibility of preliminary testing and a grace period when connecting to the platform;

- there are special rates for charitable and religious organizations;

- there is no minimum transaction threshold;

- mass payments can be made. However, a turnover of at least 1 million is required, the company must be registered in Russia, and successfully cooperate with ROBOKASSA for at least a year.

Unified Cash Desk (Wallet One)

Operating since 2007, focused on user convenience and features a flexible tariff calculation system for different types of businesses. The commission is average on the market and depends on the business's financial turnover, it can be charged to the company or the partner.

- allows organizing on the site payments in 118 ways;

- visual analytics on sales, currency, and payment methods, integrated into the "Unified Cash Register," always at hand and available for study in the personal account;

- payments can be accepted immediately, but to withdraw money, a contract must be signed;

- accounts are multi-currency. Payments can be accepted in rubles, dollars, euros, hryvnias, tenges, laris, somonis without fear of losses due to unclear conversion;

- the company focuses on the mobile application that allows paying for goods and services, transferring funds, accepting payments, and tracking payment statistics from a phone;

- there is no minimum transaction threshold that the merchant must provide;

mass payments are connected by agreement only to legal entities.

Yandex Checkout

Operating since 2013. Among the residents of Russia, the popularity of Yandex payment system is not decreasing, and the number of wallets registered in the system is growing year by year. When receiving funds into the account, a commission (base rate ~ 3%) is charged to the company owner.

- real offline payment acceptance through mobile POS terminal;

- when transferring to a Yandex phone balance or wallet, there is no minimum payment threshold. When transferring to accounts at other banks, a commission starting from 100 rubles is charged;

- by contacting a manager, it is possible to set up mass payouts, recurring payments.

An individual cannot connect Y.Kassa, but can use Yandex.Money without signing a contract by setting up a payment form on the website. The money will be credited to a bank account.

Liqpay

Operating since 2008. The commission is 2.75%, and the minimum payment possible is only 0.01 USD. ,

- each time you log in to the wallet and when performing account operations a one-time password is generated, sent to the user via SMS to his mobile phone;

- full anonymity is allowed. After registration, you will be offered to go through the verification process, but it is not mandatory, you can use Perfect Money and remain anonymous;

- several security levels. If you choose the maximum level, then, of course, your account will be practically impossible to hack. But the system also takes care of users with low security levels.

- affiliate program that can bring a monthly income in the form of 1% annual interest on your partner's account balance.

- irreversibility of any financial transactions. Any payment made by you cannot be canceled. Funds are non-refundable;

- inability to register an account in the USA. You will not be able to transfer money to the USA due to the legislation of this country.

Free-Kassa

Payment aggregator for websites, operating since 2009.

A payment aggregator is a service that collects all online funds received by the internet store and then transfers them to the accounts of the company - the customer.

 

During registration, you can choose who will be charged the commission. Average rates are 4-6%.

- working with all types of payments. The system collaborates with banking institutions, quick payment terminals, and Free-Kassa also works with internet banking;

- online lending;

- referral program. The service allows participants of the affiliate program to earn additional profit from 10 to 50 percent;

- a special support line has been created for members of the partner program, where information is processed instantly;

- will help to make mass payments without restrictions.

Shops are increasingly using cryptocurrencies for their promotion. This is an excellent reason for information and a way to increase customer loyalty. For buyers, stores offering a variety of payment methods are also beneficial: it is convenient, direct payments in cryptocurrency allow bypassing exchanges and safely making a purchase.

AdvCash

Operating since 2014. Monthly maintenance is free, a $1.99 fee is only charged for cash withdrawals at ATMs.

- work with various fiats and cryptocurrencies and major world currencies;

provide the opportunity to work without verification;

- multilevel security. There are various options for creating additional profile protection;

- you can transfer funds to people without an account AdvCash. To do this, you need their last name, first name, and email address, where a link for activation will be sent after the transaction;

- the payment system has an affiliate program. You can earn up to 20% from any paid referral transaction;

- you can set up mass payments.

Blockchain Wallet

This cryptocurrency wallet has been operating since 2011. The commission depends on the transfer amount and the desired payment speed. It is not deducted from the transfer amount, it is an additional fee on top of the amount, this needs to be taken into account when transferring bitcoins from a BlockChain wallet.

- enhanced security features such as two-factor authentication;

- for security purposes, Blockchain automatically generates a new wallet address after each transaction;

- Blockchain Wallet is only compatible with Bitcoin and Ethereum.