Need your own payment system? We develop multifunctional and high-speed electronic payment systems of any complexity on a turnkey basis. We can understand your business and take into account its needs in order to adapt to the specifics.
Launch your payment system with us – from concept to finished product, with technical support every step of the way.
We've been helping businesses achieve their goals for over 10 years. We create profitable services.
Technical literacy
We thoroughly analyze and develop requirements before starting work.
Deadlines
We develop MVPs in the shortest possible time, with the ability to scale.
Quality and safety
We take into account current security patterns that help create secure and reliable services.
30+
electronic payment systems implemented by our team
200+
satisfied clients who contacted our company
5+
electronic payment systems developed this year
30+
qualified specialists in the team
What’s Included in the Cost of Electronic Payment Systems Development?
We offer turnkey Electronic Payment Systems development with various functionality:
User registration and verification
Balance replenishment and withdrawal of funds
Online acquiring
Account management and multicurrency
Transaction history and reporting
Administrative tools
Integration with external services
How we work
1. Submit a request
Fill out the feedback form or write to us on Telegram.
2. Tell us about the project
Briefly describe the idea, goals and objectives you want to solve.
3. Let's discuss the details
We'll schedule a call to discuss your project in more detail and see how we can help.
4. Signing the contract
If we are a good fit, we sign a contract and move on to the next step.
5. Discovery phase
At this stage, we collect requirements and create a set of design documentation describing the future product.
6. Delivery phase
We develop the product according to the agreed-upon specifications. The work process is typically divided into 3-4 stages, each with clear completion indicators.
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Table of Contents
About Electronic Payment System Development
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 digital 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.
Electronic payment systems (e-payment systems) allow the following:
Paying utility bills, taxes, and fines
Paying for cable TV, Internet, and mobile services
Making purchases in online stores and games
Transferring money to other users
Currency exchange
Repayment of loans
Depositing and withdrawing money through bank accounts and cards.
With that, e-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.
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Electronic payment systems popular in Europe
The world knows a plethora of heavily-used e-payment systems. Here are some of those that had spread and become widely-known in the United Kingdom and Europe:
Worldpay. Founded in the UK in 1997. 400 thousand corporate customers across 146 countries. 126 currencies supported. Worldpay Inc. earns on transaction fees (0.75–2.75% of the transaction amount) and monthly fees (£19.99/month).
PayPal. Founded in the US in 1998. 200 million users across 202 countries. 25 currencies supported. PayPal Inc. earns on fees: 3.9–5.4% of the transaction/payment amount.
Neteller (Canada, 1999) and Skrill (UK, 2001) were e-commerce rivals, currently owned by Paysafe Group Limited. Neteller supports 28 fiat currencies and 9 cryptocurrencies; counts 31 million users across 200 countries. Skrill handles 40 fiat currencies and 9 cryptocurrencies; serves 36 million users across 200 countries.
Stripe. Founded in the US in 2011. Counts 4 million users across 23 countries. Supports 100 conventional currencies and Bitcoin. Stripe Inc. earns on fees based on the transaction amount: 2.9% for credit/debit cards, 3.9% for internationally-accepted cards.
The key purpose of any payment system is handling money. On the other hand, e-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 several companies: 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:
Easy payments for any products and services with electronic money (highly demanded by individuals).
Remote access for any-time transfers (unlike traditional banks that don’t know what it is to work 24/7).
High transaction speed. It just takes a few seconds to process a payment (bank payments need several hours).
Simplicity and accessibility. Anyone can register in a couple of steps and start using your system in a jiffy.
Online stores and e-commerce entrepreneurs will be able to expand their businesses and attract more clients with introducing a new handy payment method.
As the e-payment system owner, you will get:
Finely-organised payment acceptance
Effortlessly-configurable rate scales and fees, separate for companies and individuals
Complete control over the circulation and cash flows within the system
Plastic card issuance (with recurring service charge).
Let’s develop an electronic payment system for you
Our company is ready to develop an e-payment system of any complexity on a turnkey basis. 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 starts at 50,000 USD. The cost of developing mobile applications in addition to EPS starts at 20,000 USD.
Polygant will assign a whole team of designers, front-end and back-end developers to your project. This will speed up the process of developing and testing a system. Such an approach enables us to release products on time and follow the pace of your desire. To learn more, please submit a request.
Electronic payment systems (EPS) are innovative technological solutions developed to simplify and accelerate financial transactions and payments in the digital environment.
What are EPSs for?
Electronic payment systems have a wide range of applications and provide a variety of benefits for users, businesses and society.
How much does it cost to develop your own EPS?
The cost of custom EPS development starts from $35 000
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