On January 3, 2018, AdvCash notified its users that deposits with Yandex.Money have gotten cheaper! The universal fee for deposits with Yandex.Money is now 5.95%. Please note that Advanced Cash offer several deposit methods that are totally free as well.
Yandex.Money is a main competitor of WebMoney and Paypal on the Russian market of electronic payments and is quite popular amongst Runet users. Thousands of Russian e-commerce sites and internet services support Yandex.Money payments. Nowadays it is likewise among the most popular user-to-user e-payments services in Russia. Yandex.Money is safe and user-friendly.
In Yandex.Money users can have 3 statuses of their account: anonymous, reviewed (available only for Russian citizens) and determined. Right away after registration you have a confidential status, which just allows you to top up your account, and then spend the money, for example, in an online shop that accepts Yandex.Money. But you cannot accept money from other users, or send money to them.
To be able to move money to other users, you must pass the recognition procedure. In addition, you will likewise increase the limit for bank transfer (approximately 200 000 rubles), limit of payments in online stores (up to 250 000 rubles) and the transfer limitations for other Yandex.Money users (up to 400 000 rubles).
Sadly, for users outside Russia the most hassle-free method of recognition is sending files to the Yandex workplace in Moscow.
People of Lithuania, Latvia and Turkey can top up their accounts utilizing VISA/MasterCard. For the remainder of the EU countries and the U.S. you have 2 choices:
* Receive a payment from another Yandex.Money user
* Make a bank transfer
* E-Currency exchange
If you’re going to make a bank transfer in rubles, your bank will ask for the VO code. VO codes are defined by the Reserve bank of Russia and they are utilized to explain the topic of payments. So, in this case the appropriate code is “VO99090”. Keep in mind to include this line in your payment details.
If you have any concerns on the best ways to utilize Yandex.Money, please leave acomment below.
Yandex.Money (Russian: Яндекс.Деньги) is Russia’s biggest electronic payment service according to a 2016 survey by TNS.It is an online payment service that works with 2 kinds of clients – specific users and merchants. Because 2002, Yandex.Money has been supplying services to those who pay and those who accept payments. Its mission is to make payments easier, safe and secure, and available and to offer its clients with a chance to pay in a practical way.
The service is the joint endeavor of Russia’s leading search engine Yandex (NASDAQ: YNDX), and Russia’s biggest bank Sberbank. In 2013, Sberbank, among the biggest banks in Eastern Europe, bought a significant stake in Yandex.Money. Presently, Sberbank owns a 75% stake in the company, the staying 25% plus one ruble is owned by Yandex. With new stakeholders, Yandex.Money got access to a broad payment facilities of Sberbank. Users acquired an opportunity to top up their e-wallets through the chain of Sberbank’s ATMs and terminals, and online banking.
Yandex.Money has a b2b service Yandex.Checkout– a payment aggregator for online stores and other businesses that need payments on their online platforms. Yandex.Checkout was released by Yandex.Money in 2013. Yandex.Checkout is currently the leading service for accepting online payments in Russia, according to a 2016 study by MARC. With this payment option, merchants from all over the world can offer Russian consumers the online payment techniques most popular among Russians and CIS-citizens just in one button ‘Pay with Yandex’: bank cards, direct debit (electronic banking), e-wallets, smart phones, and money by means of mobile retailers and payment kiosks (there are over 250 thousand cash-acceptance points all over CIS). Presently more than 76,000 online shops across the globe use Yandex.Checkout, including such partners as Skype, AliExpress (Alibaba), JD.com and BlaBlaCar.
Yandex.Money likewise has an e-wallet, which is the original product of the business. Yandex.Money uses consumers simple, safe, and reputable techniques of paying online by itself website and mobile app. The service hosts about 30 million user accounts with about 15,000 new accounts opened daily. Recent TNS research study showed that Yandex.Money is the most popular e-wallet in Russia: every third user of the Web in Russia pays by Yandex.Money e-wallet. Utilizing Yandex.Money, players also can pay on Nintendo, leading up an account on Steam (software application), Wargaming, Riot Games, purchase codes for Apple (iTunes) and Xbox. Yandex.Money ended up being the main sales operator of the popular video game publisher Electronic Arts. Russian users can now buy FIFA 17 for PC and Xbox through the service. Yandex.Money also distributes Blizzard Home entertainment virtual cards, which supply users with a hassle-free payment alternative for Blizzard’s online games: Wow, Overwatch (computer game), Heroes of the Storm, StarCraft, Hearthstone (video game), and Diablo (series).
Customers can also utilize Yandex.Money cards as a form of payment: both plastic and virtual MasterCards are readily available for issuing. In 2015 Yandex.Money got MasterCard Principal Member status. By the 2016 Yandex.Money has actually provided more than 500,000 plastic cards and 11 million virtual MasterCards. Yandex.Money was among the first to bring its users Apple Pay in Russia, which is transforming mobile payments with a simple, protected and private way to pay in stores, apps and on the internet. Consumers can pay by means of Apple Pay by including their plastic or virtual prepaid Yandex.Money cards to Apple Wallet. Online stores and other merchants, which accept payments by means of Yandex.Checkout, can also offer customers quickly and practical contactless payment via Apple Pay. With Touch ID there is no have to by hand complete prolonged payment types or consistently key in billing info.
More than 4 million users have downloaded the Yandex.Money mobile app. 35% of them use an iOS device. Using the app, they can move funds via iMessage, pay costs– such as utilities, internet, mobile services– make loan payments, access their most frequent payments, and more. Users can likewise download the Yandex.Money app on Apple Watch. Yandex.Money mobile application Yandex.Fines for iOS implemented a brand-new feature, which allows spending for traffic fines via Apple Pay.
Inning accordance with a June 2015 public opinion study, Yandex.Money is extensively known in Russia. In a study carried out by TNS, 92 percent of Russians recognize with the service, and 44 percent routinely use Yandex.Money to make payments.
The company’s headquarters remain in Moscow, Russia. It has branch offices in Saint Petersburg and Nizhny Novgorod. Ivan Glazachev is Yandex.Money President. He ended up being the head of the business on 1 March 2017.