Today, many users are facing the problem of finding and choosing the most secure and convenient e-payment systems. Each platform has its advantages and unique financial services that attract customers. But giving preference to one service, a user has to give up many opportunities that another payment system offers. The question arises — how to choose the best platform and get the best terms for payments? We have studied the market of electronic payment systems and compared their main pros and cons.
Coinbase Commerce
Coinbase Commerce is one of the most popular cryptocurrency payment services out there. On the Coinbase Commerce website, users can pay for purchases all over the world. All payments made are fully decentralized and peer-to-peer. Each payment is made from wallet to wallet without involving any third party.
Pros:
◼️ No third party.
◼️ Convenient interface and fast transactions.
◼️ Support for cryptocurrency payments.
Cons:
◼️ The platform’s network fee is higher than on competing platforms.
◼️ Cryptocurrency-to-fiat conversion is not supported.
◼️ Authentication during the registration is a must.
Link: commerce.coinbase.com
ePayments
The ePayments platform provides each user with an individual IBAN and bank details for payments. With their help, anyone can make international payments. Users can purchase ePayments Card, which can be used in shops, cafes and any other establishments as well as use it in ATMs around the world.
Pros:
◼️ Physical card for payments.
◼️ Personal account for transactions.
◼️ No transaction fee.
Cons:
◼️ Personal data is required during the registration.
◼️ No payment anonymity.
◼️ Cryptocurrencies are not supported.
Link: epayments.com
Z-Pay
Z-Pay is a service for exchanging and transferring cryptocurrencies that uses special anonymous cheques. This payment system works as a crypto-mixer and allows users to pay with cryptocurrency without compromising privacy. The platform provides a special wallet for payments, a crypto exchanger and instant Z-Pay cheques that require no registration or personal data. Today Z-Pay offers the best conditions for crypto investors for safe and fast transactions without overpayments.
Pros:
◼️ Anonymous payments service.
◼️ No hidden fees inside the platform.
◼️ Instant payments with cryptocurrencies.
◼️ No registration or verification to create a cheque.
◼️ Referral program for users with a fixed reward.
◼️ Fast currency conversion on the platform.
Cons:
◼️ few currencies for transactions.
At the moment, the Z-Pay payment system has a whole range of necessary tools and services for anonymous transfers. With a Z-Pay cheque, the user not only can make an anonymous payment but also save money on the transfer and fully protects himself from fraudsters.
Link: z-pay.io
CoinGate
CoinGate is one of the oldest payment services for cryptocurrencies and fiat money. After the registration, a user gets access to a number of services for buying and selling cryptocurrencies, making payments, exchanging currencies with peer-to-peer transactions and even receiving gift cards. A huge catalog of sellers and online stores is available on the platform.
Pros:
◼️ Cryptocurrency payments.
◼️ Express payments.
◼️ Gift cards and a referral program.
Cons:
◼️ Commissions for payment processing starting from 1%.
◼️ Arbitrary registration and verification.
◼️ Lack of anonymous payment service.
Link: coingate.com
BitPay
The American payment system BitPay was launched in 2011 and is focused on paying bills for the services of online stores. BitPay is the most convenient service for shopping and cryptocurrency payments, accepting payments in fiat money and cryptocurrencies. If a user wants to pay with cryptocurrency, the system will automatically convert it to fiat. Also, users can purchase special cards to pay for purchases.
Pros:
◼️ Instant cryptocurrency payments.
◼️ Special cards for making payments.
◼️ Huge customer base.
Cons:
◼️ Commissions for payment processing starting from 1%.
◼️ Arbitrary registration and provision of personal data.
◼️ Lack of anonymous payment service.
Link: bitpay.com
When choosing a service for e-payments, you should consider the platform's advantages and functionality and its reputation among the users. This will allow you to choose the most reliable and secure service and protect your finances.
