Business plan "System of Online Payments Accepting and Control"

Excerpts from Research:

After the buyer’s definition of his purchase, he is addressed to the payment page of «EQ-Pay», where he chooses the convenient payment method.  

Anyone of «EQ-Pay» system’s clients (the Internet entrepreneurs) has his own virtual account, where the funds from online buyers of goods and services are primary transferred.

A seller is informed about entering of payments in his favor.  The client of «EQ-Pay» can take his funds in one of three ways:

• transfer to his account in a payment system;
• withdrawal to the ATM-card distributed by the «EQ-Pay» Company;
• replenishment of the VISA Virtual card issued by the «EQ-Pay» Company.

The fees for services of payments accepting amount to 2.9% of sum, which is transferred in a favor of the «EQ-Pay» system client.

Benefits of System for the Internet Entrepreneurs:

• signing of one agreement with the service for all types of payment systems;
• quick and easy integration;
• monitoring of the situation with helping of sales reports and analytics;
• there is no need to delve into the intricacies of each payment systems;
• an opportunity to reduce the number of stuff, which controls the taking of funds to the accounts;
• convenience of the system of online payments collection;
• the average market fees for services of systems of electronic payments accepting; 
• an alternative in choosing of fee rate – an internet entrepreneurship can use either fixed or percentage rate, considering the most favorable variant for him depending on the average payment;
• single percentage rate of fees regardless the type of payment system, which the payments are transferred from;
• an opportunity to expend the number of available payment methods, increasing in this way the attractiveness of online store for the buyer;
• reduction of time period between making decision about the purchase and placing an order.

Benefits of System for Online Buyers of Goods and Services

• an opportunity to pay in the most convenient way;
• the site is multilingual;
• accepting of the most demanded currencies: RUR, USD, EUR, UAH;
• day-and-night accessibility of payments accepting system;
• there is no need for additional registration in the system of payments accepting – transition to it from the site of online store is automatic.