Online Payment Processor

| Jan 30, 2009

Before you are starting "online business or e-commerce", there are two popular online Payment Processor you must have, being a member is totally free, no deposite require. Payment processor is your account like real Bank Account.

These are 2 main online payment processor:

1) Paypal

PayPal is an e-commerce business allowing payments and money transfers to be made through the Internet. PayPal serves as an electronic alternative to traditional paper methods such as checks and money orders.

A PayPal account can be funded with an electronic debit from a bank account or by a credit card. The recipient of a PayPal transfer can either request a check from PayPal, establish their own PayPal deposit account or request a transfer to their bank account. PayPal is an example of a payment intermediary service that facilitates worldwide e-commerce.

Located in San Jose, California, PayPal was founded in 1998 and was acquired by eBay in 2002.

How to register:
Click here to register for free.
- Click Sign up
- Choose Your country or region, Your language
- Click Personal (Get started)
- Enter your data information, put the requested information accurately as possible.
- Click "Agree and Create Account" button

2) Alertpay

Alertpay is one of popular payment service, many used by the 'paid to' programs.
AlertPay, a privately owned and managed company founded in 2004, is a rapidly growing leader in online payments. The service provides individuals and businesses the ability to send and receive payments online without exposing their personal or financial information.

AlertPay is a Canadian Registered Corporation and a United States Registered Corporation and complies with the regulations of the OSFI (Office of the Superintendent of Financial Institutions Canada), FINTRAC (Financial Transactions and Reports Analysis Centre of Canada) and FinCEN (Financial Crimes Enforcement Network).

How to register:
Click here to register for free.
Same as Paypal, you only need to fill the data form accurately as possible. In addition, we are asked to send a 'scan' driver's license or ID card (for identity) and the monthly billing form (can be electricity bill or phone bill; for proof of address) to the Alertpay site. But, if you do not send letters, no problem. Because your Alertpay account could be used already, just can not withdraw it. So, to be able to withdraw money from Alertpay, you'll soon send letters to be verified. Once completed, your Alertpay already can be used in full. It's so easy, right.

Withdraw your money

You can withdraw to your local currency or any other currency you hold anytime. These are withdrawal options :
* Check (worldwide)
* Bank Wire (worldwide)
* Bank Transfer (46 countries supported locally)


How to Transfer Funds from AlertPay to PayPal

taken from egold-bay.com

AlertPay and PayPal do NOT allow the transfer or conversion of monies from or to any other “digital currency” I would never recommend anyway to go for websites that do AP > PP exchanges or vice verse. 99.99% of them are scams, Paypal, neither Alertpay do allow you to exchange their funds, if they catch you, they might suspend your account or limit it, whatever.

All the exchangers who make a website claiming that they can exchange your money between PP and AP are newbies in exchanging field, because they never know it´s not allowed which means they never read the TOS. How come a business such as funds exchanging doesn´t know anything about the payment processors´TOS

The only way to do so is through a personal exchange, and if you find someone willing to trade PayPal for another company’s money - NEVER EVER EVER say “currency exchange” or any words that can be construed to mean an exchange in the “memo section” of the PayPal transaction!

If they find that you have exchanged PayPal for something else (AlertPay, SolidTrust Pay, eGold or any other processor) you will lose your PayPal account.
Sounded pretty scary.

Anyway, you CAN try to find someone to exchange the money for you, but I think there is a far more easier way to achieve our goal here.
1. Add your bank account to AlertPay.
2. Withdraw your money from AlertPay to you bank account.
3. Add funds from your bank account to PayPal.

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