RUSSIA | Yandex.Money, Russia’s largest online payment solution, introduces its Cashbox service to all Nethouse users. The Yandex.Money Cashbox allows merchants to accept the Yandex Money e-Wallet and Webmoney transactions as well as Visa and MasterCard credit cards, Visa Electron and Maestro. Nethouse is a CMS platform allowing people to create a website or online shop for free.
Yandex.Money: the e-Wallet in Russia
Yandex.Money is known by 85% of the Russians and processes 150.000 transactions on a daily basis. Over 18 million Yandex.Money e-wallets are registered, with 12,000 new ones opened every day. The Yandex.Money digital wallet allows users to conveniently pay for services, like home utilities, mobile phone top-ups and to shop online. Yandex.Money is a joint venture of Russia’s most popular search portal, Yandex and Sberbank, the largest bank in Eastern Europe.
Yandex.Money Nethouse Integration
Nethouse has been used to create over 320,000 sites, and around 40% of them are online stores. As of now each ecommerce shop can offer their customers a simple and easy way to checkout by using the Yandex.Money wallet, credit cards or debit cards. Nethouse provides the possibility to create a web-site or an online shop for free. To use the Yandex’ Cashbox service, there is no need to be an IT specialist. The webshop just needs to add the Cashbox option in the site settings and provide Yandex Money with information on the legal entity and individual entrepreneur. The Yandex.Money connection is free and the merchants is only charged for received payments.
Read MoreSourced from About-Payments, 27th of May, 2014