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I have receiving a lot of queries about AlertPay being safe or not.
To be true, I have used AlertPay for quite some time, and I guess I am in a position to comment well about the issue.
There are a lot of good payment processing companies out there (Paypal, Moneybookers, AlertPay). Paypal is surely the largest and most convenient for most people. Before of their early start, most people sending or receiving money online depend on them. However, Pyapal happens to be inconvenient for a lot of issues, and although gets away because of their extremely wide acceptance. Nearly all online merchants accept Paypal for payment, that makes more people use paypal, which in turn makes more merchants accept paypal payments. This is a domino effect which has made paypal succeed over the years.
Paypal does have a lot of problems too, listed below:
- High transaction fees. Receiving funds for personal accounts used to be free, but now paypal applies 1%-2.5% fees on personal accounts too. The fee is even higher (upto almost 3.5%) for merchant accounts. The fee structure is absolutely ridiculous.
- Does not support a lot of countries, and poses problems for few others. For example, a person from Bangladesh cannot open a Paypal account. Also, a few days ago paypal declared that for the next few months, they cannot release funds for Indian members because of a clash with the Indian authority. With Paypal problems like these occur almost regularly.
- Limited withdrawal options. Paypal only allows members to withdraw money to their bank accounts, and only to the one enlisted for the account.
- Regularly locks account and ask for verification (credit card details to be verified again). They say this is done for safety, but hnestly, this sometimes get really annoying.
Additionally, they have a lot of good features:
- Low transaction fees. Sending and receiving money for standard members is completely free.
- Lot of withdrawal options. You can withdraw money through bank transfer, bank wire, cheque by mail, and credit card.
- Accepts members from all countries.
- You select an additional pin for your account which is needed for transfering money (apart from logging into your account using your password). This means that even if your account is hacked, one cannot just get in and transfer your money. They will need the pin, which you only know, and better, this is not even transferred to your mail account.
If you want an Alertpay account, Get your FREE account with AlertPay.
Apart from Alertpay, Moneybookers is also really good. Also, they have a wider range of acceptance and is accepted by merchants on a larger scale. You can give them a try too: MoneyBookers
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4 comments:
Payment processor "PayPal" (Subsidiary of eBay)has created lot of issues in doing India
based payment transactions.
qualitypoint.blogspot.com/2010/02/paypal-is-facing-issues-in-transaction.html
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