ePayments USD/EUR payment systеm added to the site

Wallet and ePayments card in Ukraine: important information

For freelancers around the world, the issue of cashing out earned money has always remained relevant. The format of interaction with customers located in different parts of the world dictates its own rules of the game. Therefore, the question of finding a reliable payment instrument that you can rely on in any situation is always relevant. If for some reason a Payoneer debit plastic card is not suitable for you (due to high commissions that apply even to purchases in offline stores or for other reasons) - you should know more about ePayments. The prepaid plastic card of the same name was developed by the British Electronic Payments Association (EPA) and is currently a convenient tool for people who earn via the Internet. The main emphasis of this association is on minimizing commissions with expanding integration between other payment services. Recently, paid membership in the association was even abolished, so you can, for example, use an e-wallet absolutely free of charge (no fees for replenishing and maintaining an account)! A characteristic feature of the systеm is the ability to use ePayments as a regular electronic wallet, to which you can receive payments from third parties (including for free if the transaction is carried out within the systеm). In addition, it is possible to replenish the wallet from bank cards, as well as using the Webmoney payment systеm that is common with us, with which a partnership agreement has been concluded. Similarly, with the withdrawal of money from the wallet (at the same time, when crediting to the ePayments Prepaid Card, no commission is charged!). The creators of the systеm claim that the owner of a personal account will have no problems withdrawing money from any foreign affiliate program. For the convenience of mutual settlements, it is possible to accept payments directly (by transferring the ePID identifier) ​​or by bank transfer. Account details can be found in your account. Thus, we have a real competitor to the card from Payoneer. All transactions can be controlled using the application of the same name, which can be downloaded from both Google Play and the Apple AppStore. The security of the systеm is also on top: the support service works around the clock, including in Russian. Today, ePayments has provided more than just a reward systеm for freelancers. It is also a convenient way to replenish the balance on various foreign sites (for example, on a brokerage account, affiliate programs, and so on). The limits will become unlimited after you go through the account verification procedure (that is, provide your data: passport photos, fill out a questionnaire, as well as information about your place of residence). Otherwise, you can receive and withdraw no more than $2500 per year! Since the EPA operates under British jurisdiction, you can be sure that the safety of your funds is ensured by reliable government control from the United Kingdom. And this means that all the money in the accounts falls under the compulsory insurance program. This is very important when interacting online between counterparties that can be physically located at great distances from each other.

Why is ePayments in demand in Ukraine?

Today it is one of the easiest ways to quickly and inexpensively receive cash from the foreign companies you work for. To do this, it is advisable to order a plastic prepaid card ePayments Prepaid Card, which can later be used to pay at retail outlets and profitably withdraw cash from ATMs.

What are the main differences between ePayments and Payoneer?

1. The presence of an electronic wallet (it is not necessary to issue a physical card on yourself, as in Pioneer). You can use the systеm for free.
2. It is much easier to receive payments from other users, affiliate programs and so on.
3. You can withdraw money from the ePayments electronic wallet through exchangers. For example, find profitable options through the BestChange service. This is not possible with Payoneer.
4. Free transfers to Bitcoin and Litecoin, as well as between ePayments users.
5. Free purchases with a card in a non-cash way (% only for converting USD / EUR into hryvnias), Payoneer will charge up to 3.5% for regular purchases in the store and on the Internet.
6. Cheap withdrawal of funds to cards of Ukrainian banks (commission 3.5%, minimum withdrawal amount $50, maximum $8,000).
7. Free first year of card service; The rates on this card are lower than Payoneer. For example, there is no additional fee (1.8%) for receiving dollars at Ukrainian ATMs with a Payoneer card.

ePayments and taxes

Another key advantage is the absence of the need to report to the state about the account opened abroad. In fact, you only own a card that can be used for payments and cashing out, and an electronic wallet, and you do not have a bank account. ePayments (popularly referred to as "Epayments") is not a tax agent, and therefore does not provide information about your income (including to the UK)! It operates on the basis of the Data Protection Act 1998, which is based on the non-disclosure of personal data of its customers without a special request from government agencies. It can only be within the framework of the UK jurisdiction, however, it is not so easy to obtain, and the company filters them (for example, if they were submitted in violation of formal requirements).

ePayments fees, charges and limits

According to the terms of the ePayments agreement, each user is recommended to pass verification, i.e. confirm their identity. The result of this process will be the absence of limits on the amount and amount of money when buying goods and services on the Internet and in regular retail outlets. This is what the new ePayments card looks like from June 2016. There has been a design change. And since December 2016, the systеm has received the status of a principal member of Mastercard, which means that they no longer need an intermediary when issuing cards. From now on, the systеm will be able to do this on its own. We recommend that you verify your account immediately after opening an account, otherwise you will not be able to access most of the operations in the systеm and the limits will be significantly reduced. This is a fairly quick procedure: you only need to provide scans of your documents and fill out a user form. Account verification usually takes 4 business days. For example, after verifying your account, you will be able to withdraw $3,000 (€2,333) per day.