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The Convenience of Online Payment Processors

With so many people now engaging in business over the internet, an online payment processor is a must-have. More people today resort to online processors to make selling or buying online easier, more convenient and most of all safer than having to reveal one’s credit card information online. Also, many people are now turning to online processors as a means of paying for services or work done especially for virtual or remote workers.

There are a variety of payment processors to choose from online. If you are just getting started with using this alternative, here’s a few summary of the most widely used payment processors today.

1. PayPal (PayPal.com) – PayPal is probably today’s most popular and widely used online payment processor which is available in many countries. It is easy to use by just letting you send money to anyone using email. It is integrated with a lot of major online businesses and other retail websites such as eBay, Amazon and many others. There are a variety of features that PayPal has developed since its inception. Using PayPal is more convenient for sellers where they can simply create “Buy it Now” buttons quickly without the requirement of any technical expertise. On the hand, PayPal charges minimal fees which are based on the amount of money you are transacting or who you are sending the funds to.

2. AlertPay (AlertPay.com) – AlertPay is a lot like PayPal where you can send and receive money over the internet by email. You can also choose to create different account types based on what you need just like PayPal. Fees are a little bit higher with AlertPay and there are other charges such as a $20 fee for a wire transfer. AlertPay is also still slowly gaining popularity is some countries. However, there are not a lot of people using AlertPay compared to PayPal but it is fast becoming a good choice for many.

3. Moneybookers (Moneybookers.com) – Moneybookers is another online payment processor that offers a cheaper way of sending or receiving money to anyone in the world. The process is similar as that of PayPal or AlertPay using email address to securely send or receive payments. Moneybookers especially caters to small businesses, individuals or online sellers/merchants. A 1% fee which is up to EUR 0.50 is imposed when sending money while receiving money is totally free. Currency conversion fees also apply which is 1.99% of the wholesale exchange rate.

The above is just a quick run-through. For more information on each of these processors you may their websites. Take it from there and compare which online payment processor will best fit your needs.

Payment Processor

We need to have a payment processor in order to withdraw our earnings from the internet. That is why I have informed my readers about the importance of an online account. You need to have enough experience with online payment processors in order to make successful transactions using the internet. There are lots of payment processors processing payments for their users. They are having lots of merchants and doing great business with them.

To get the right payment processing service you must need to join Alert Pay. They are providing professional services which are really effective. Their users really love their website because of the massive services they are getting from the website. They are offering both personal accounts and business accounts for their customers. That means whatever you are an individual or running a business you can join them and take advantages of their services. Whatever you are a seller or a buyer you can use their processor to process your payments.

Please note that there will be a small fee and they are handling that as per their need. You can get started with their personal account. They will be providing you with their fast and secure payment processing system. You can use your credit card while paying for goods using their website. There are several options available for depositing and withdrawing funds using their website. They support money transactions at over 190 countries. So, you will be able to buy and sell products to several countries using their online payment processing service.

Earn Money

If you are willing to make some extra bucks you must try their referral program. You will be making 5 US Dollar for every qualified person you will be referring. You must need to make sure about qualified referrals in order to make money from this system. After your tenth referral they will be paying you 10 US Dollar to your account. There are having their privacy policy and it is your duty to make sure about them while using their website to process your payments. Your referred person must need to register with them for a personal or a business account. Your referred members need to transact over 250 US Dollar. As I said before after the tenth referral they will be paying you 10 US Dollar for each referral. They do not reward self referral or referral from same internet protocol. So, you must need to make sure about that. You can either promote their website through banners or text links. You need to sign in to your alert pay to integrate those affiliate materials on your website in order to make money online. As per my experience you will be able to make lots of money through referring your friends to them.

Business

If you are running a business and willing to join them for your business you are most welcome to join them. They will be providing you with their secure payment processing solutions. You will be enjoying their secure system. Even you will love to be using their services for your business. You just need to sign up with their business account for that. They support and accept credit card payments. If you are running multiply online businesses you will be able to maintain them using the website called Alert Pay. Their integration system is really easy to use and they will be providing you with their professional fraud protection system. Their website is verified by Visa. So, you can take advantages of their services without any risk. You will be able to send money world wide without any charge. They will be providing you the service for free.

So, you do not have to pay any fee for that. They support member to member transfer. You can also send money to your family, friends, and sellers through their payment processor called Alert Pay. You just have to sign in to your account and click the send money tab for that. The member whom you want to send money through the payment processor must need to have an account with Alert Pay in order to receive the amount from your end. If he or she do not has an account with the payment processor he or she must need to open an account with Alert Pay. You can buy and sell products using the online account of yours.

For selling products you just need to integrate Alert Pay payment buttons on your website. After that your buyers will be able to purchase products form your online store. If you want to purchase products from shops you just need to use your alert pay account for that. That is how the system works. As the website is verified and secure you will not be facing any problem using the online payment processor. You have to agree with their user agreement while register with them.

How to Choose the Right Payment Processor

Every day more and more people are turning to online stores for just about anything you can buy. From groceries to DVD’s to cars, people are growing accustomed to purchasing goods and services online. As a merchant, there a number of benefits to selling online, including a wider market (world-wide actually) and lower costs in the form of sales staff and retail store fronts. In order to accept credit card payments online, you will need a payment processor.

Payment processors are financial institutions that process the data for credit card transactions. They facilitate the transfer of funds between a business and a consumer. However not all payment processors are the same, and it’s therefore very important to find the one most suited to you.

Things to consider when choosing a payment processor include:

Rates – Obviously this is going to be very important as the wrong choice can hurt your revenue significantly. Some processors offer very low discount rates, however other fees may be higher (such as chargeback fees, or monthly fees). When looking at rates you need to have a estimate of your monthly transaction amounts, chargeback amounts and refund amounts.

Security – Credit card fraud is not uncommon and is most abundant online. Be sure to find a payment processor that provides extensive fraud protection tools and services.

Customer Support – Nothing is more frustrating than not having access to support, particularly when it comes to your businesses’ finances. 24/7 Support is a must when looking at a payment processor.

Payment Acceptance – Make sure your payment processor accepts payments from all the locations you want to take payments from. Some processors will only accept payments from US customers, which can severely limit your customer base.

Reporting – You want to be able to keep track of all your finances, easily and in real time.