The proliferation of the Internet ignited the appearance of lots of online stores and services. As of now, everyone can order any product or use any service, online. There is just one question: how to pay for all this? Do we need to waste time walking to the nearest bank office? Electronic money significantly facilitates this process and reduce all obstructions and difficulties allowing us to make virtual payments. It is by far more convenient to pay with electronic money than with conventional banknotes.
As e-commerce evolves, various electronic payment systems are developed and their functionality extended. They have already become an integral part of our life — somewhat of an interface for online deals. Payment systems working with electronic money are considered the most handy way to perform financial transactions. Namely, electronic payment systems allow the following:
With that, e-commerce payment systems ensure high transaction speed and relieve us from the necessity to count up and fumble with change. Such advantages are beneficial not only for users but also for service providers and sellers.
The world knows a plethora of heavily-used electronic payment systems. Here are some of those that had spread and become widely-known in the United Kingdom and Europe:
Your EPS, created with our help. We haven’t created it yet? Let’s start now with the first stage — the terms of reference for the system development.
The key purpose of any payment system is handling money. On the other hand, electronic payment systems are designed for processing financial transactions online. Their core is technical procedures that enable users both transfer funds between each other or to organisations.
Every proprietary e-commerce payment system is primarily developed to serve specific tasks and activities. Tasks such a project can tackle are diverse as most transactions today are executed over the Internet. In terms of executing cashless payments, this method is the simplest as the connection to such a system automatically eliminates the bulk of any imaginable red tape. The method also combines the work of a bunch of organisations: supervision, payment processing terms, and other processes are managed by the payment system itself rather than third parties.
Having developed your own e-commerce payment system, you will provide your users with the following benefits:
Online stores and e-commerce entrepreneurs will be able to expand their enterprises and attract more clients with introducing a new handy payment method.
As the electronic payment system owner, you will get:
Our company is ready to develop a turn-key electronic payment system for you. Rest assured that we can steer any complexity and lay the basis for any grade of scalability. We can understand what your business needs, tailor our solution to your specifics and requirements. Also, we will provide you with Android and iOS mobile apps — both administrator apps (for access to the database and service panel) and user apps.
The cost of creating an electronic payment system is from 50,000 USD.
The cost of developing mobile applications in addition to EPS is from 20,000 USD.
Polygant will assign a whole team of designers, front-end and back-end developers to work specifically on your project. This will speed up the process of product development and testing. Such an approach enables us to release products on time and follow the pace of your desire. To learn more, please submit a request.