OKPAY Banking

OKPAY is a payment gateway with a variety of services for personal customers as well. They started out in 2007 and have grown rapidly ever since. Let's take a closer look at how their services work next. T&C's apply to all bonus offers on this site. Click for a list of all banking methods.


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OKPAY

How It Works?

OKPAY offers both business as well as personal services. So first of all, let's take a look at what you can expect from a merchant site that uses OKPAY.

OKPAY is a payment gateway, meaning that merchants choosing to use their services can enjoy the benefits of over 50 different payment options. The list includes various credit cards, such as Visa and MasterCard, as well as different cryptocurrency wallets and regular e-wallets, like Qiwi and WebMoney. This gives the merchant a chance to tap into a wider market with the ability to accept payments from all over the world.

OKPAY also offers a variety of different personal services. It all starts with their e-wallet. With just a couple easy steps you can set up an account which allows you to make payments, request and receive as well as send money. In addition to that, you can use their automated payments in order to pay membership and subscription fees. You can also add a plastic credit card to your account for everyday purchases and withdrawals of cash from ATMs. It's linked directly to your e-wallet account and both Visa and MasterCard are available.

Security

If you're concerned about privacy, then OKPAY is a great tool to use, since all the merchant sees is your e-mail address. OKPAY is a secure service in general as well. For example, they use two-factor authentication, using one-off PIN codes for phone or e-mail validation, and IP security, which allows you to whitelist a certain IP address and treat any outside attempts as threat.

On the other hand, many of its former customers have complained of selective scamming and bad customer support. And its $6.1 million transfer of its clients’ funds to Mt Gox Bitcoin exchange in 2014, just before its collapse, have raised even more concerns.

Banking

OKPAY has the full lists of fees available on the official site. Different commissions apply to both top-ups as well as withdrawals. All OKPAY e-wallet incoming transfers are free of charge, cashouts cost 0.5% and you can use over 20 different currencies. When it comes to merchants, the incoming and outgoing payment processing can cost a lot in some cases. For example, if a client chooses to use QIWI, a 6% commission applies.

Summary

OKPAY is a 2007-established payment service company for both businesses and the end users. They accept over 100 banking options as a payment gateway, accept cross-platform payments and over 20 currencies worldwide, including popular cryptocurrencies.

Click to visit OKPAY official website.

Posted by CCJ Team