ePayments

ePayments – is a system that operates internationally and offers its customers quite attractive terms of cooperation. At the moment it is used by more than a million users, as well as at least a thousand large companies and organizations. Since 2011 when the company was officially registered, ePayments has gained the trust of clients in more than a hundred countries all over the world, having formed a professional team of leading financial industry specialists.

Why ePayments?

Among the main advantages of using ePayments one of the key positions is the ability to make transfers with zero fees almost instantly, and use it to receive rewards from advertising networks and affiliate programs.

When registering with the system, users receive bank details that can be used to receive international transfers. Registration itself takes only a couple of minutes, and the verification procedure can be performed via Telegram Passport.

The system card allows you to get cash from ATMs, pay for purchases in stores, and transfer funds to other electronic payment systems. If necessary, you can open a European IBAN account.

The obvious advantage of using ePayments will be the availability of a mobile application and the ability to use a personal account on any available Internet-connected device. Its reliability is based on compliance with the British legislation and FCA control.

What does this system actually offer users? What are the risks and benefits of using it? Is ePayments another scam or a convenient tool for managing your own and commercial finances? Let’s consider the answers to these questions in a detailed review.

ePayments for sports betting

Sports betting cause considerable interest on the part of many fans. The active development of this industry with the appearance of electronic systems allows everyone to bet on the game, a particular result or game situation. ePayments system did not stand aside and gives users the opportunity to use their own account for betting and winning.

ePayments for buying/selling cryptocurrency

In addition to its broad capabilities, ePayments allows users to make transfers to buy and sell cryptocurrencies. Some of the most favorable conditions due to close cooperation are offered by DSX, which allows you to make transfers instantly. In addition to this exchange, many others also accept direct transfers from ePayments accounts.

How to use epayments.com to pay for goods and services?

You can pay for goods and services all over the world. For this purpose, the company epayments.com offers to use an electronic account or a card. However, remember that only verified users can use the card. In addition, commission may be charged when making transfers, and the amount of payment may be limited by existing limits.

How do I sign up for ePayments?

Registration in the system is quite simple and takes literally a couple of minutes. The first step is to choose the type of account – private or commercial. The next step is to enter personal information. It should be noted that in addition to the usual method of registration on the website, there is an opportunity to create an account using Telegram Passport.

The peculiarity of commercial account registration will be the need to send a number of documents to confirm the personal data of the company or entrepreneur. As a result, they get the opportunity to accept payments on the site, use an account, which is assigned bank details IBAN.

Account type

As mentioned above, when registering an account, the user can choose its type – private or business option. Depending on the type of account, a specific list of functions will be available. For example, a private account allows you to receive payments, withdraw money from the system in one of the convenient ways, including ATMs, pay for services and goods on the Internet, and receive and send transfers to other users around the world.

A business account allows you to make mass payments and accept transfers through the merchant service. The system uses flexible conditions and individual approach to work with each company, provides software that is compatible through API. Besides, during its existence the system managed to establish partnership relations with many companies, the list of which includes some of the largest and most famous.

How to get verified at epayments.com

The verification procedure allows you to get access to extended functionality and increase existing limits. Depending on the type of account (private or commercial), the specific features depend on it. The verification procedure itself can be performed through personal account or Telegram Passport. It consists of several stages, during which it is necessary to provide and confirm the information about e-mail, cell phone number, personal data, indicating the type of identity document, residence address.

To confirm the identity it is enough to upload a scanned, photographed or PDF-formatted passport or driving license. To confirm the address, you can use copies of utility bills, account statements or bank card statements, a copy of the spread of your passport with the registration address on it.

The commercial account verification procedure looks approximately the same. The difference is that you will need to provide documents confirming the registration of the organization, indicate the presence of shareholders, describe the structure of the company, a list of directors and signatories, the declaration of trust, if any. In addition, it is necessary to fill out a financial activity questionnaire.

Deposit and withdrawal from ePayments

To deposit and withdraw funds from the account the payment service offers several options, among which you can choose one of the most convenient for you. For example, you can replenish your account with a bank transfer or card, deposit money through another electronic wallet, as well as through Yandex.Money.

As for the withdrawal of funds from the account, they can be sent to a bank account or card, ePayments card, e-wallet in Yandex.Money, Qiwi or Webmoney system, as well as a cell phone number.

Currency of operations

At the moment users of the system have 3 types of currencies – USD, EUR. If necessary, you can exchange currencies between different accounts in your personal cabinet. The conversion is automatic and almost instantaneous. Conversion is also used when depositing the account in local currencies.

Commission

There is a $5.95 fee when you issue the card. If necessary, you can use express card delivery, which costs $45. Users will have to pay one dollar to change a pin code, and there is a $2.6 fee when giving out cash at ATMs and bank teller desks. If there has been no activity on the account for six months or more, a $10 deposit is required.

Card maintenance for one month will require a $2.9 fee. However, if spending operations during this period amounted to 300 dollars or more, then the next month’s service fee is not charged. Note that if you withdraw money from the system to your Webmoney wallet, a fee of 0.8% of the amount will be charged.

When using an electronic account and withdrawing funds to a bank account, you will have to pay $3 per transaction for currencies such as BDT, BRL, CAD, GBP, HKD, IDR, INR, JPY, PHP, SEK, THB, VND. For SEPA transfers in EUR the commission for withdrawal is $0.6, while use of USD, EUR, GBP international transfer requires payment of 0.5% of the total amount, but not less than $15 for each individual operation. Withdrawing money to a bank card will require paying 0.5 to 2.9 percent depending on the card type and currency.

Payment limits

When using the card ePements Please note that the minimum amount of the card recharge operation is $10, and the maximum is limited to 10,000. At the same time, there is a daily limit of 10,000 and 5 recharge transactions. The 4 day limit is 40,000 and 20 transactions respectively. There is no annual recharge limit.

When making payments, users can spend up to 20,000 at a time or in total during the day. The number of transactions must not exceed 200. The 4-day limit is limited to $60,000 and 500 transactions.

Restrictions on ePayments withdrawals

Replenishment of the card from the account and transfer of funds from the card to the account are free of charge. The maximum amount of cash withdrawal transactions is limited to 5000 dollars. The same amount during the day will be the maximum for cash transactions, which must be no more than 100. Over 4 days the maximum amount of cash withdrawal can not exceed the limit of 20,000, and the number of operations – not more than 400.

When using the electronic account, you must keep in mind that you can withdraw an amount not less than $50 and no more than 100,000 dollars to the bank account. The bank card can be transferred from 0.1 to 20,000 U.S. dollars. The daily limit ranges from $2,500 to $40,000.

Bonuses from ePayments

As a bonus, you can specify the presence of a referral system, which allows users to receive rewards for attracting new customers. To participate in the affiliate program, you must create a link. New clients who come through this link and register in the system will become referrals, which will allow them to receive remuneration to the bonus wallet from the transactions they make. The program is two-tiered, which allows you to get 5% from the operations of referrals brought in independently and 2.5% for those users who have brought in referrals themselves.

Reviews about ePayments

During its operation the payment system ePements has managed to prove itself as a reliable partner, but at the same time, some users note a number of disadvantages that they have encountered in the course of its use. So, the positive points include the speed of money transfers, the ability to withdraw cash from ATMs around the world, deposit and withdraw funds in the form of cryptocurrency, pay online and POS-terminals, low commissions, withdrawal to electronic wallets of popular payment systems, the availability of referral system. Among the key disadvantages should be specified slow processing of messages by the technical support service, the size of the commission, the problems of passing the verification, the timing of card delivery.

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Regulation and licensing of ePayments

ePayments operates internationally. At the same time the company is registered on the territory of Great Britain. Therefore, the relationship between the payment system and its clients is subject to foreign legislation. The key rules are set out in the “Terms of Use of Electronic Wallet”.

License epayments.com

The official registration of the payment system took place in 2011, when it was included in the register of companies in England and was licensed under the number 8134141.

ePayments User Agreement

The relationship between customers and the company is regulated by the norms of current legislation, as well as the “Terms of Use of e-wallet”. When studying this document, users should pay attention to the following points. The software allows to get the necessary information. Services are provided to users who meet the following requirements.

Account replenishment using currencies not used in the system is made with their conversion. E-wallet capabilities include storing, receiving, and transferring funds.

The cost of services is described in paragraph 5 of the Terms and Conditions, including a list of transactions that are subject to a fee. Reasons for suspension and termination between the parties may arise in the following cases.

Closing of the electronic wallet is made in the following cases. Information about losses and expenses is specified in clause 9.2. If there is unauthorized use of the wallet, the user must contact the company.

At the same time, it should be taken into account that there is a possibility that the client will have to pay for losses incurred due to unauthorized access to the system. To read about the company’s procedure in cases of force majeure, see clause 14. The procedure for filing complaints, as well as details which can be used for this are listed in paragraph 21.

ePements support service

For quick solution of questions, getting necessary information users can use articles of the Help Center, as well as send a message to the support service using a special form located on the site. Besides, you can get additional information via social networks where ePayments accounts have been created – VKontakte, Twitter, Facebook, Instagram and Telegram.

Is ePayments a scam?

Based on all the data presented on the official resource of the company, as well as those freely available on the Web, we can conclude that ePayments – is not a scam. This system has been working on the market of financial services for about 8 years. During this time, the company has managed to gain a solid reputation, gain clients’ trust, and establish partnerships with large organizations. The company clearly follows the key trends and offers its clients favorable conditions for personal finance management and interesting business solutions.

One of the main advantages of using this system is the ability to make international transfers, top-up e-wallet and withdrawal from it in the form of Cryptocurrencies, the speed at which transactions are made. The card allows you to pay for goods and services both online and offline.

The functions of the card are specialized, which allows to create favorable conditions for its use by the target audience. An additional bonus will be the presence of an affiliate program, which allows you to profit from attracting new customers.

Conclusion

Summarizing all of the above, it should be noted that the payment system ePayments – international level, modern technology, and ease of use. At the same time, its functionality will be convenient for both individuals and large companies, allowing them to manage cash flows and conduct business online. However, it is necessary to take into account existing limits and restrictions, as well as the specific functionality of the system. A preliminary analysis of its features, competent evaluation of your own needs will allow users to determine how beneficial it will be to use ePayments in every particular case.