What is Yandex.Money? Yandex.Money Review

introduce

Yandex.Money is Russia's first electronic payment system. Users can integrate cash, prepaid cards, bank credit cards, debit cards and other payment methods through their accounts without any fees.

Yandex's innovation is to embed the Yandex.Money wallet into the search engine. In this way, customers can pay immediately for products they search for using the Yandex search engine.

Serve

Yandex.Money currently supports payment methods such as Yandex Wallet, bank cards, bank transfers, and cash.

Supported currencies: RUB, EUR, USD, CNY, UAH, KZT, BYN

Supported countries:

Payment channels:

Payment Process

Website shoppers integrate Yandex - select Yandex payment - log in to your account, enter your password - payment is successful

Features

1. Convenient recharge and real-time payment;

2. No chargeback risk;

3. Support multi-currency transactions;

4. Wide range of applications

Yandex Wallet Limits

Visa, MasterCard credit cards: No more than 250,000 rubles per transaction and no more than 500,000 rubles per month

Mir card: No more than 5,000 rubles per transaction and no more than 15,000 rubles per month.

Yandex Wallet identified users can spend up to 250,000 rubles per transaction, 600,000 rubles per day, and 3 million rubles per month.

Reviewed users can spend up to 60,000 rubles per transaction, 300,000 rubles per day, and 1 million rubles per month.

The single transaction limit for anonymous users is 15,000 rubles, the daily limit is 300,000 rubles, and the monthly limit is 500,000 rubles.

develop

In 2013, Sberbank, one of the largest banks in Eastern Europe, acquired a majority stake in Yandex.Money.

In 2013, Yandex.Money launched Yandex.Checkout, a payment aggregator for online stores and other businesses that require payments on their online platforms.

In 2015, Yandex.Money obtained MasterCard principal membership.

In 2016, Yandex.Money issued more than 500,000 plastic cards and 11 million virtual MasterCards.

In April 2016, online payment service Yandex.Money announced that it would add NFC application to its Android app, allowing users to make contactless payments through the app.

In May 2018, DHgate announced a comprehensive partnership with Yandex.Money, a Russian online payment platform.