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Open an account in the payment system (PS) in 2020

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In the modern world, with the development of technology, a financial sector has been updated with the help of payment systems. Many entrepreneurs open accounts in payment systems in order to use them as a transit of finance. Therefore, a question of what a payment system is and how to open an account in a payment system are relevant for many businessmen.

What is a payment system?

Before you open an account in a payment system, it’s worth figuring out, what kind of system it is and how it works.

A payment system is a combination of certain procedures, rules and technical infrastructure. Together, all this ensures the implementation of non-cash money transfers from one entity to another.

IQ Decision specialists carefully monitor a performance of existing payment systems and can protect you by helping you to choose a reliable payment system, based on a type of activity of your company and a payment system itself.

IQ Decision is also an agent of many payment systems in various countries, which include:
  • Q-Pay
  • CardPay
  • Vialet
  • Bilderlings Pay
  • DynaPay

We know the intricacies of their work and regularly interact with them, drawing up agreements with favorable conditions for the client. Order personal advice on opening an account in the payment system with our specialized expert.

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A general information about payment systems

Having decided to open an account in the payment system, pay attention to the following information:

  • Powers of payment systems do not include:
  • loan issuance;
  • accepting deposits;
  • securities trading.
  • Many payment systems are participants in SWIFT and SEPA;
  • Very often it is possible to carry out settlements not only with fiat currency, but also with electronic money in payment systems;
  • A procedure for opening an account in the payment system is faster, than in a bank (often up to seven business days);
  • Some payment systems provide services for the issuance of their VISA cards, Mastercard cards and others, which may be:
  • registered;
  • salary;
  • corporate (in different currencies).

Such cards can be a good option for businessmen, who often travel abroad. Turning to our specialists for advice, you can get more detailed information about the benefits of such cards and the need to obtain them.

Opening an account in the payment system can be a profitable solution for companies, involved in export and import, as well as transfer payments in different currencies between different countries.

Benefits of payment systems

If you decide to open an account in the payment system, the following advantages will be available to you:

  • opening an account in the payment system remotely;
  • the ability to manage your account remotely;
  • a profitable currency exchange;
  • saving money, because a cost of the service of opening an account in the payment system is much lower, than in a bank;
  • the access to fast international transfers and payments.
Legal aid

IQ Decision specialists can provide you with assistance in opening an account in the payment system, and also help you to choose a most suitable PS option for you. In order to start cooperation with our company, use the contacts, listed on the site.

  • The information outlined in the article is actual at the time of its publication.

  • Please refer to our specialists for checking possible solutions for your business.

  • Still have any questions?

    Fill out the form or contact us as you find convenient: skype, telegram, etc. Our experts will help you resolve the issue.

Are you interested in qualified advice from our specialists on this matter?

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