Eternity Law International — News — Payment system in Europe

Payment system in Europe

Published:
July 24, 2020

Payment system in Europe – recently the European market has become more and more attractive for entrepreneurs.

It is clear that in order to feel comfortable here, it is necessary, first of all, to find out which payment system is popular in Europe.

WHICH PAYMENT SYSTEMS ARE TRADITIONAL FOR EUROPE

Europeans, regardless of their place of residence, prefer to use the popular VISA and Master Card.

We found out which payment system is popular in Europe, but still do not forget that other payment methods work in the EU. These include, in particular, ELV, Sofort and GiroPay and others.

It should be noted that, unlike Master Card, these services are distributed exclusively in a particular country or two or three.

While figuring out which payment system is popular in Europe, in addition to Master Card, do not forget about First Virtual, Open Market, CyberCash, CheckFree, NetCash, NetChex, NetCheque.

Being in the field of EU customers, do not forget about the peculiarities of payment for each of the countries separately, as well as about the preferences of buyers in the issue of payment for goods.

WHAT IS NECESSARY FOR EFFECTIVE PAYMENT ORGANIZATION FROM EUROPE

Again, finding out which payment system is popular in Europe is not enough to successfully promote your product on the EU market.

Do not forget about an important point: for the sale of goods online to be successful, it is necessary that the process of paying for the goods does not take much time.

This is a very important point, because no matter what payment system is popular in Europe, if there is a shortage of buyers, your business will quickly decline.

Moreover, this concerns not only the choice, payment for the goods, but also the payment system itself, through which the payment for it will take place, on which the speed of delivery of the goods to the buyer depends.

NATIONAL FEATURES

It is clear that while figuring out which payment system is popular in Europe, one should not forget about the peculiarities of the countries where the sale of the goods is supposed.

Interestingly, in Poland, they prefer to pay for purchases via the Internet (35%) or pay in cash.

Therefore, there is no clear answer to the question of which payment system is popular in Europe.

IMPORTANT TIPS

You probably already realized that when choosing an application for online payments, you should decide on the segment of the EU market where you will promote your product.

It is also important to find out what service the marketplaces use in your region and analyze sales statistics.

Then you need to contact the coordinators of payment services in the region and discuss the terms of their use on your trading platform. After that, sign the contract.

The accounting department of the company must compile quarterly, annual financial reports and provide declarations to the tax service. Contact us for more information.

You could be interested

SBC Summit Barcelona 2023

SBC Summit Barcelona 2023, slated to take place in the vibrant city of Barcelona, Spain, promises to be a premier event for the sports betting and gaming industries. With its dynamic agenda of keynote presentations, panel discussions, and networking sessions, the summit will provide a comprehensive overview of the latest trends, innovations, and regulatory developments...

What is a Crowdsale

WHAT IS A CROWDSALE OR WHY DOES IT NEED FOR ICO COMPANY? Crowdsale  – is a collective cooperation of people, which consists in unification of their money or other resources with the purpose of financing start-ups, projects, campaigns of other people or organizations that include to ICO. In contrast to the traditional crowdfunding, сrowdsale does...

Get Your Trust License in Switzerland

Switzerland has a long-standing reputation for its professional expertise in managing the affairs of the wealthy. The legal and supervisory environment for trusts in Switzerland is changing, as evidenced by the fact that the Federal Council introduced new trust rules in 2020 and proposed the inclusion of trust law in the Swiss Code of Obligations....

Compliance officer services

A group of steadfast guardians of financial integrity stay steadfast in the complex and constantly changing world of modern finance, where innovation regularly collides with illegal activity. These frequently unappreciated leaders, who go by the title of MLROs (Money Laundering Reporting Officers), play a crucial, if frequently unnoticed, role in fintech initiatives and cryptocurrency businesses....

Cryptographic Currency License in Estonian Jurisdiction: Description of the Procedure and New Regulations

Consider the option of obtaining a cryptocurrency license in Estonia for an enterprise that is registered in this state. Recently, there has been a change in the rules, and some requirements have increased, but Estonia is still one of the most attractive jurisdictions where such licensing can be carried out. Cryptocurrency license in Estonia Why...

Forex License in South Africa

The Forex market continues to develop and expand rapidly. Many jurisdictions have already appreciated the potential and prospects of this area, and are trying in every possible way to attract foreign investors to cooperate, establishing reliable and loyal regulation. South Africa has become one such jurisdiction. It is also one of the first countries to...

Discover our services

The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.

Ready-made companies for sale

Companies with a bank account around the world

Banks for sale

Established Banks for sale

Ready-made licenses for sale

Forex, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Licensing

Forex licenses, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Offshore company registration

Expert advice on the acquisition of an offshore company

Open a bank account

Open bank accounts in more than 120 banks around the world
Fill the blank:

Zurich

Dreikonigstrasse, 31A, Stockerhof
+41 435 50 73 23

Kyiv

Baseina street, 7
+38 094 712 03 54

London

Grosvenor Gardens, 52
+44 203 868 34 37

Washington

1629 K St. Suite 300 N.W.
+1 (888) 647 05 40 Toll Free

Vilnius

Gediminas Avenue, 44A
+370 52 11 14 32

Tallinn

Kesklinna linnaosa, Tuukri 19
+372 880 41 85

Edinburgh

Lochrin Square, 1
+44 203 868 34 37

Nicosia

Jacovides Tower, 5 floor
+371 665 550 51

Riga

Esplanade, 7 floor
+371 665 550 51

Hong Kong

18 Harbour Road, 35/F, Central Plaza, Wanchai
800938622 Toll Free

Singapore

Level 42, Suntec Tower Three, 8 Temasek Boulevard
+6531594300

Sydney

20 Martin Place
+61 2 888 00 365

Porto

2609 Avenida da Boavista
+351 800 500 206 Toll Free

Tbilisi

Revaz Tabukashvili Str., N 45, area N 7
+995706070360