Registration and verification in Electronic Payment Systems (EPS)

Payment systems play an important role in the virtual economy. It is convenient to store money and use an electronic wallet with their help.

Nowadays, there are many payment systems. Large, small, young and popular payment systems.

Registration plays a significant role in the selection of payment system. For example, the ADV Cash payment system is registered in the offshore zone – in Belize – it means that it is not controlled by the laws of different countries and organizations cannot influence its operation. This fact appeals to users who can be completely confident that their operations will remain confidential.

Advantages of payment systems:

EPS are officially registered and their activities are legally transparent, but at the same time, some payment systems cannot be controlled by the tax authorities of any country.

The security of accounts of payment systems is equal to the level of reliability of banks.

The user can create a multi-currency wallet in any currency that is convenient for him/her.

The tariffs of the system are more profitable than those of banks. Internal operations are carried out without any charges.

First line support service.

Profitable rates for exchange transactions.

The user can configure security options himself and choose the optimal level of account security.

Moreover, some payment systems offer plastic and virtual cards.

The tariff for card’s issue and maintenance depends on the selection of payment system. Issue and maintenance payment may not be charged at all. You can use a plastic card to pay for goods and services in the countries of the world that the payment system offers, as well as withdraw cash, both in the currency of the card (dollar) and in national currencies with pre-conversion. A virtual card can only be used for on-line shopping.

Registration in the payment system

Any person can create an account in the preferred payment system and it’s very easy.

It is necessary to go to the official site of the payment system, check the domain name, and pay attention, as there are many phishers that are actively operating in the network.

Find the “Register an account” button on the payment system page and click it.

The registration system will offer you to choose the registration option, namely the creation of a private account (that is, for an individual) or for business (legal entities). Each of them has its own advantages and privileges.

The next step is to fill in the registration form. If you want to register an electronic wallet for yourself, then you need to choose a registration form for an individual.

Indicate your name and surname, as in the passport. This is important if you plan to verify the account in the future. Also it is necessary to specify the current e-mail address, contact phone number and, of course, to come up with a strong password for the account in the payment system. The system can request confirmation that you are not a bot but a real person, you will need to press the indicated button for this. At the end of registration, click the “Register” button.

The payment system will send the login details for your personal account (account) to the e-mail that you have specified, namely the login and password, which you need to copy and save in a safe place.

Verification in the payment system

Verification in the Electronic Payment System allows you to access all the functions and options of a personal wallet. If the terms and conditions of the payment system without verification suit your needs, then it is not required in the future.

What are the benefits of the account verification?

The account verification significantly increases the limits of transactions and ensures the security of the account.

For example, the limit for the unverified users is $ 500 per day for withdrawal and $ 3000 for transfers within the system. After the verification, the daily limits rise to $ 100,000 for withdrawal and $ 999,999 for transfers within the system.

Verification is the procedure of submitted data confirmation (passport data, telephone number, address of residence) by means of provided scans of the documents. The documents are uploaded in your account and cannot be viewed by other users, except administration of the payment system.

The verification of the name. Upload the scanned document – passport or driver’s license (any official document that confirms the identity with your photo and name). At the same time, the information in the document must correspond with the data that you have indicated about yourself during the registration.

The confirmation of the address. Upload the scanned document, which indicates your place of residence. For example, a passport page with a residence permit or a utility bill (not older than three months).

The confirmation of the phone number is one of the simplest operations to perform. Specify your real phone number, and then enter a secret code from the SMS at the site of the payment system. Please note that some payment systems have a limited time for entering such code (from 30 seconds to 2 minutes).

The verification time depends on the workload of the administration of the payment system. It will take some time, but not more than a week. Perhaps the administration of the payment system will ask for additional documents and / or a better quality scan of the documents.

It is important to familiarize yourself with the terms of service and features before registering in the payment system. Pay attention to the safety, confidentiality and convenience of using the funds.

But at the same time, the administration of some payment systems has its own views on the clients’ cash flow control and therefore the use of payment document by HYIP investors is not a very good idea. Some payment systems are strong opponents of pseudo-investment projects, so both HYIP administrators and investors suffer from this policy. Therefore, if you do not want to be blocked, then it’s better to use friendly payment systems for HYIP.

Contact us if you have any questions regarding the selection of a payment system, registration and verification in payment systems.