PayCash Online

If such payment systems as Qiwi , Yandex . Money , WebMoney are in demand and easily recognizable, then few people know about PayCash technology , which served as a platform for the creation of some modern payment systems. Lets talk about the work of the PayCash-Online service , its properties and features.

What is so special about the PayCash resource ?

PayCash service is a payment system based on EDS technology. Digital messages are signed by the bank that is the issuer of electronic money. Due to the absence of a link to a clients account, it is impossible for hackers to track account movements. Digital payment books are used to conduct transactions. The system works in the global network and ensures maximum movement of money.

The beginning of the creation of the PayCash service was the merger of three giants: the Tavrichesky banking institution, the Alkor company and the Aerospace equipment company. Already in 1999, they launched the first pilot project of the service. I must say, he became successful. It was noticed in 2000 and appreciated by the worlds leading developers in the field of cryptography, who presented the developers with a special award. PayCash became the first resource in Russia, which was used for legal transactions from the United States of America.

The essence of the algorithm is to use a secure program for each client in the form of an electronic wallet on the PayCash resource . Thanks to this, the user has the opportunity to make transactions and receive money to his account, accumulate in a virtual bank, exchange, provide withdrawal of funds in any way convenient for the client. In addition, the use of PayCash allows you to privately, securely and instantly pay for purchases in the virtual network, for example: utility bills, cellular communications, music and films, car parts, tickets for air and rail transport. A fairly wide range of services attracts a huge number of new customers to the resource.

Such a popular technology ...

"Blind signature" is used in the PayCash payment system . The technology for working on user authentication is available on the official website, although it is not possible to create new payment books on open source without the permission of the bank. The algorithm is fully patented and allows you to increase the profitability of micro-payments.

To fully work in the system, you dont even need to have an account or a bank card. To start activities, it is imperative to open a payment book. It is a digital sequence and allows you to send and receive transfers from other members of the PayCash-Online resource . When a person pays for a product or service in an online store, its developer directly contacts the PayCash bank .

This procedure is used to authenticate the network participant. The memory of the resource stores the spent amount on the book, therefore, repeated overspending of the digital currency is excluded. The resource is focused on the future, in which the process of integrating PayCash into the physical accounts of banking institutions will take place . Algorithm based on a service such popular resources such as: Yandex .D engi , Mobi.Dengi , Moneta Express .

Distinctive features of PayCash

Lets take a look at the most popular PayCash properties . These include:

1. Maximum safety. It is provided through the use of cryptography, including RSA technology, which uses a 1024-bit key, digital signature and blind signature. This whole complex protects customer accounts, e-wallets, transactions and information about them.
2. Reliable privacy. Third parties do not have access to information about the user and his movement of funds on the account.
3. System speed and lightning speed of transactions. Thanks to P2P technology, participants in the transfer are protected from theft of payment data.
4. Documentation. The PayCash service stores not only information about completed transactions, but also about signed legal agreements and contracts. This ensures the legal protection of each client.
5. Comfort. To work in the service, you only need access to a virtual network, a computer and free software that is installed on it. An intuitive interface and a minimum of manipulation on the part of the participant - thats what the PayCash service is good for .
6. Minimum commission fees. The resource provides services for individuals free of charge. For legal entities, the developers of the PayCash payment system have provided for a low collection of commissions in the amount of 1-2% of the cost of transfers.
7. Micro payments. This feature allows unlimited development of e-commerce in the global network. Break-even payments can be less than 1 kopeck.

The payment system allows you to create multi-currency wallets (up to 255 currencies), as well as electronic stock accounts and use them at your discretion. The confidentiality of the system means that neither the banking institution nor the counterparty will be able to find out the name of the holder of the digital wallet and his account number in the network. Transactions PayCash-Online occur within 0.5 seconds.

Funding and withdrawal methods

To work in the payment service, it is necessary to install the "Wallet" software on a personal computer, which will serve as a virtual wallet. At the moment, 2 versions of the software have been created: simple and multifunctional. The latest software supports several banks, accounts with the ability to automate the process of accepting funds. It is noteworthy that in the event of a system failure during payments, none of the parties risks losing money. This version of PayCash is suitable for customers who own an online store.

To replenish the account of a virtual wallet in the system, you can use one of the options presented:

1. Transfer from accounts of a banking institution.
2. Cash through the branches of the company.
3. When using a prepaid PayCash card .
4. By postal order.
5. When visiting the offices of intermediary firms ( WesternUnion , MoneyGram , Contact ).
6. Through the payment website WebMoney (e- Port ).

You can withdraw funds in such ways as:

1. Get your hands on at the offices of the company.
2. Use the services of Sberbank of Russia.
3. Withdraw from the PayCash service to the Tavrichesky bank account.
4. Apply postal or telegraphic payment.
5. Use bank transfer.

At the moment, the service is developing rapidly. The user has access to payment methods developed on the PayCash algorithm , such as: paying for purchases made at kiosks, accepting funds from the terminal network, using a scratch card , mobile transfers, as well as participating in entertaining lotteries.

Summing up, we can note the popularity of the Russian payment system far beyond the borders of the country. The algorithm of action, confidentiality, legality and absolute transparency of the PayCash payment system are in high demand abroad as well.