Payment systems

Money transfer with the help of payment systems has a number of essential advantages; first of all, it is processing speed. Let’s have a look at the main payment systems. It is necessary to mark that payment system and bank are very often confused. In considered payment systems an opportunity is given to clients to keep money in the electronic wallets, but this is not a bank account, interests are not calculated, legislation is applied not in full. The main function of payment systems is money transfer between different bank accounts and they cope with this problem better than banks.

Web money
	Web money. Web Money (WM) is the oldest and the most attractive electronic payment system. The system is high reliable. In 1998 crisis such companies as «Rossiyskiy Kredit», «Inkombank» went under but the WM system resisted. In WM all money no matter of the sum amount reaches quickly and precisely on the specified requisites without losses, standstills and blocking of account. You will not be asked unnecessary questions.
PayPal
	PayPal. PayPal was founded in 1998 by Peter Thiel and Max Levchin. This is a private company located at Palo Alto in California (USA). PayPal provides different opportunities to users of receiving and sending payments on web-sites, auctions, through e-mail or mobile phone with Internet access. The system is rather popular for payments abroad, because it has stiff restrictions at users' place of residence. It is necessary to mention that from autumn of 2006 the Ukraine and Russia are included to the list of the allowed countries.
MoneyBookers
	MoneyBookers. Is the international payment system which gives an opportunity to transfer money safely and efficiently with the help of the Internet in real time through an e-mail for any company or consumer. Gatcombe Park Ventures company is the owner of MoneyBookers and is located in London. The money transfer in the system is regulated by Great Britain’s legislation. Money resources at the user's account are presented in national currency which can be chosen at registration.
Liberty Reserve
	Liberty Reserve. Liberty Reserve’s name became widely known in August of 2007. The interest to Liberty Reserve at first emerged in the hyiper’s community. It has happened after it became obvious that there has come time to search the substitution for E-gold as for the most favorite payment instrument of the high-yield investment program (HYIP).
LiqPay
	LiqPay. Is the newest payment system which enables to send money from Visa’s card or MasterCard to the virtual account attached to the mobile number in the LiqPay system. After this money can be sent to another mobile phone, withdrawn from the LiqPay system again to the card or left money at the account and used later.
Pecunix
	Pecunix. The Pecunix payment system belongs to the "gold-based e-currencies" group (electronic currencies based on Gold equivalent). The most known electronic payment system is e-gold. Pecunix is not so popular as e-gold. But Pecunix is safer and secure.
MoneyGram
	MoneyGram. The first MoneyGram was sent in 1940 in Minneapolis (USA). MoneyGram is the international payment system of the express money orders. Until 2004 Viad Corp. and Travelers Express Company Inc. were owners of this system. Nowadays MoneyGram is an independent American company, its shares are quoted at the New York Stock Exchange.
ePassporte
	ePassporte. The main assignment. Calculations between partner programs and their participants, money replenishment and withdrawal in on-line casinos and poker clubs, on-line shopping, money transfer between users. Limitations for CIS (the Commonwealth of Independent States) countries: There are no limitations but the registration is complicated.
AlertPay
	AlertPay. The owner of the company is the private AlertPay.com company which was founded in 2004. Company’s office is situated in Montreal (Canada). The post address, telephone number and e-mail address are presented at the contact’s page. In spite of all openness of the system at the web-site you will not find any of statistical factors of the system’s work. Probably at the present moment this new company can not display dynamics of opened accounts and money turnovers. Though the AlertPay payment system makes itself know at the market of the Internet-calculations.
Western Union
	Western Union. Is the oldest payment system; it exists for more than 150 years. The company on base of which Western Union was created appeared in Rochester (USA) in 1851 and was called The New York and Mississippi Valley Printing Telegraph Company. In 1856 the name was changed to The Western Union Telegraph Company. Originally the company dealt with telegraph communication and was representing the network of telegraph lines which connected Western and Eastern coasts of the USA.
Perfect Money
	Perfect Money. The developers called this system "the payment system of new generation". In conditions of e-gold prohibition and cracked confidence to the other electronic payment systems it can be assumed that Perfect Money will take worthy place at the market.
C-Gold
	C-Gold. The c-gold electronic payment system is one of the "youngest" system at the market. This system appeared in 2007 almost simultaneously with the beginning of e-gold problems, that is why some clients of the e-gold system started to change to the other alternative variants. Private Gold Equities Exchange Limited (registered at the Republic of Seychelles in 2005) and CyFro Associates Sdn. Bhd (works from 1991) are the management companies of the C-gold system. Both jurisdictions are not under the USA’s control, this is a big plus in comparison with American e-gold.
V-Money
	V-Money. V-money is the payment system controlled by Globyte S.A. corporation (the Republic of Panama), obtaining the license ? 2007-4886 at 18th of June 2007 which allows to carry out on-line transactions. You can exchange currency in this system without problems at several exchange offices; you can know the exchange rate by coming to our monitoring of exchange offices.
RBK-Money
	RBK-Money. RBK-Money (in the past RUpay) is an electronic payment system the main aim of which is simplification and unification of transactions fulfillment at the Internet by Russian residents. The system is made for Russian users.
Яндекс.Деньги
	Яндекс.Деньги. Yandex Money is an electronic payment system which realizes the idea of the electronic money. It provides financial calculations between participants of the system (who opened accounts in the system) in real-time mode. Transaction currency is the Russian rouble. It is intended for guaranteeing the functioning of the electronic commerce systems. The system gives the possibility to work through web-interface or with program-wallet, installed to the user’s computer (this possibility it is accessible only to Windows users). The main office of the company is in Moscow, additional office in St.-Petersburg. The general director of the company is Evgeniy Zavalishin.