Blog
18 October 2019

What Payment System to Choose for an Online Store?

What Payment System to Choose for an Online Store?

Short overview of popular online payment systems in Ukraine. Their features and advantages.

When you have an online store, sooner or later the question of integrating the resource with one of the online payment systems is raised. Today, this is an important point in view of the new e-commerce legislation.

How to choose the most optimal system for you and your business – let’s talk in our article today.

There aren’t many online payment systems in Ukraine right now. We suggest you to review and compare the terms of use – the most popular ones.

Popular payment systems

Interkassa

EasyPay

LiqPay

Portmone

WayForPay

Payment by card

from 2,2%

2,7% (up to 100 thousand UAH)

2,5% (at turnover – from 100 thousand UAH to 500 thousand UAH)

2.75% applying for a card of any Ukrainian bank with VISA / Mastercard

 

1% (min 3 UAH) from the check paying by the buyer from the debit cards of PrivatBank using Privat24 on the LiqPay check.

from 2,5%

from 2.5% (regardless of payment method, the commission is paid by the seller by default. But you can change it to be paid by the buyer)

Digital wallet

from 3%

from 1,5%

Terminal

from 6,5%

Payment via SMS

from 4,9%

from 3%

Payment via QR-code

from 2,2%

Cryptocurrency

from 3,2%

These payment systems have APIs, so integrations with them are quite flexible and convenient.

In fact, payment systems are convenient for the site not only in terms of giving the user a form of payment, but also in terms of conversion. According to MasterCard International Payment System, more than 30% of users interrupt their purchases if they cannot pay for the goods right here and now through online banking. This is why payment systems are an important factor in increasing the conversion value of your property.

Given the conditions of each of these systems – you can choose the most suitable option for your online store. The choice is yours.

Web-Systems Solutions team is ready to help you with choice of system and its integration. In addition, we can set up custom reporting for the automatic transmission of data to the State Tax Service. Our task is to make the process of managing online stores for customers simple and convenient.

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