eCommerce Advisers

  ecommerceadvisers.com work   Banking only credit organizations participate in them, that is, settlements are carried out between   banks; inter-farm created   to ensure   settlements between individual companies or enterprises,   and   all   transactions   can be carried out using both cash and non-cash funds. Traditionally, the division into international and   national payment systems. In the   first case, we are talking about transnational structures   operating   around   the   world (for example, VISA or Mastercard), and in the second, about PSs created within a single state   for the   purpose   of   securing   national . Today, many   countries of the world  have their own PSs. https://ecommerceadvisers.com

  JO All Solutions Inc   For a customer, the e-commerce purchase process begins with an interaction with the payment provider. It is thanks to the clear and well-coordinated work of payment providers in the ecosystem that a user can make a payment in just a few clicks, and the transaction execution time ranges from several seconds to several days (in special cases). The share of fraudulent transactions, according to the NBU, in comparison with the total volume of non-cash transactions is very small in 2020 this figure was about 0.005%. In general, PS can be divided into first and second generations, as well as national and international ones. https://ecommerceadvisers.com

  ecommerceadvisers.com     We have already found out   what payment systems are.   Let's look at how   payment systems work, what   are their features. On the part of the user, the   process of paying   through an   electronic payment system   (for   example,   buying a book) occurs as follows: choosing   the necessary   product   and   creating a basket, choosing a payment method with a bank card, going to a secure payment page of the payment acceptance system, entering card details, clicking on the "Pay" button On the part of the online store, everything goes so that as soon as the client pays for the goods, the store employee sees this transaction in his account of the accounting system. After that, he contacts the client and specifies the delivery time of the goods. At the same time, funds   are credited   to   the settlement account of the   merchant (online store) in the next 1-3 days. https://ecommerceadvisers.com