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Competitors of Perfect Money payment system in Europe and USA

The Perfect Money Company is aimed to have as more client as possible; the proof of this statement is 12 available languages on the official website. That is why we want to discuss competitive companies In Europe and USA. It would be rather difficult for Perfect Money to compete with all the companies at the same time but some of them this electronic payment system surpass. So let’s speak about the main competitors in Europe and USA.

The electronic payment system E-Gold is one of those companies who were at the beginning of on-line currency systems’ development. In 1996 E-Gold was created by American company Gold Silver Reserve, Inc. and its developer wanted it to be global electronic currency. Today it is rightfully considered to be one of the most popular payment internet systems. E-Gold money ensured by precious metals on 100% and this currency can be actual corresponded into silver, gold, platinum and palladium. As general metal weight’s unit is used special ounce (nearly 31 gram). Gold stock which supports E-Gold is in Nova Scotia bank (Toronto, Canada). Besides the system have guarantees of USA and Swiss banks. An accumulation feature of currencies makes E-Gold very attractive in the sphere of international payments and transfers because user’s accounts only formally depend on national money.

The internet payment system PayPal is the most popular and well-known in the world considering that electronic payments are used in 58 countries. This company was created in 1998 thought the official website appeared only in 2000. Speaking about its structure we can say that it is private company with the main office in Palo-Alto (California, USA). PayPal is affiliated product of X.com Corporation. The creators of the company are Pieter Thiel and Max Levchin. Some years ago this payment system was bought by eBay for 1,5 billion dollars. PayPal is the most dynamical developing payment system in Internet. The main its proof is more then 78 million accounts! PayPal is the first company who suggested to make transfers between clients using e-mail.

Electronic payment system Moneybookers was created in 2003. This company is registered in Great Britain by №4260907, also in fiscal administration by №12115607 as a company which provides money transfer. In spite of its youth Moneybookers compete with such huge and powerful companies as PayPal. At the beginning if 2006 payment system Moneybookers made financial transfers and transactions whose amount was more then 1 billon euro. The number of users is nearly 1,5 million. The main advantage of the system is its universality. Moneybookers is comfortable in use as for private users as for owners of internet shops and banks. Unlike PayPal, this payment system has clients in more then 170 countries including Russia, Ukraine and Belorussia. That is why we can call it Perfect Money’s competitor not only in Europe and USA but also in CIS.

StormPay is rather young send money online, it was opened in 2002 but at the moment it is well-known in the world. It is international system where one can register irrespective of his/her living place. Work in the system does not need any special programs, only browser. Transfers can be only in USD. In StormPay there is an interface which is necessary for installation of standard form for receiving payments on website what makes the system very attractive for web-masters. The number of our account in StormPay is e-mail address, which could be pointed in registration form or later. There can be several e-mail addresses, one can add, change or delete them. For sending money it is necessary to point an e-mail address of receiver.
Summing up we can note only that several of mentioned companies work not only in Europe and USA but also in CIS what makes Perfect Money’s development and expanding more difficult.

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Methods of using Perfect Money Electronic Currency System

The system about Perfect Money can be used in different spheres in our life. The existence of such universality predetermines ability of its population In Internet and in real life in general.
Well, if with use of the payment system can not be any possibility to spend one’s money, the system will not have users at all. It is more comfortable keeping currency only in one online payment system, to have an ability to spend it in various spheres and life situations without use of paper money.
Electronic currency, Perfect Money in particular, is wide spread all over the world. Internet users even more often choose this way to pay for municipal services or to buy something in Internet shops for instance. Many companies, whose employees do not work in offices, prefer electronic payment systems. In this case an employee does not need to go to an office every month; especially it is suitable if this office is in another city or even more far.
In several countries there is electronic currency equal to real paper money. This kind of currency is very easy in use and it does not need any bills, checks or other bank documents.
The main advantage of such money, comparing with its real equivalent, is very low costs of transactions, especially inner (from one account to another). These low costs allow using e-currency for small transactions where usual cashless funds are not comfortable. This plus during time becomes more and more important.
So let’s talk about Perfect Money’s possible use more detail. Speaking about its sphere of action we can say that the main orientation of the system is Internet. In real life having an account in Perfect Money or in any another electronic payment system, it is impossible to go to a shop and buy there something using money transfer. But maybe this is only the matter of time.
First way of using this kind of money is payment of different services or maybe payment for work. In such cases one can make  features. send money online from his/her account to any another, put funds to e-currency and make purchases in Internet-shops, pay community services, add money to an account and so on. All these functions make one’s life easier and more comfortable. A person who uses such system would not look for cash dispense and enter long number of an account for a transfer and then worry if money is on the account. Read the rest of this entry »

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