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Payment Processors
Do you have a Payment Processor Account?
The First step in earning money online is to open an account with a Payment Processor. Payment Processors are used to transfer money online, both from you and to you.
Payment Processors | |
PayPal | |
The most trusted payment processor. Most of the online money transactions are done through PayPal, if a site is accepted by PayPal there is every chance that you might get paid by them. As of July 2007, across Europe, PayPal also operates as a Luxembourg -based bank. PayPal has a charge back facility were you can request your money back if you are not satisfied with the product or service that you have purchased. |  |
Moneybookers | |
Just like PayPal but without charge back facility. Widely used for Betting and Forex sites. Moneybookers is regulated by the Financial Services Authority of the United Kingdom. |  |
Liberty Reserve | |
Might Not be as trusted as PayPal or Moneybookers but If you are planning to invest inHigh Yield investment programs (HYIP) you are going to need the service of this payment processor. They are located in Escazu, Costa Rica, and has been online since 2001. |  |
AlertPay | |
Might Not be as trusted as PayPal or Moneybookers but you are going to need then if you are trying to earn through Paid to Click sites, HYIPs and some forex sites. Online since 2004. |  |
Payment Processor Guide Payment Processor! Your online Bank Account What is a Payment Processor? A Payment processor is nothing but a website through which you get paid by most of the Online Money making sites. That is all what you should know for our purpose of online money making. But to put it generally Payment Processor makes it possible for us to make money transactions online ie, to Make payments Online or to Receive Money Online. When you request money from a money making site this money is paid to your payment processor account and from that account you can easily withdraw it to your bank account or request a cheque for your balance outstanding. So, with out a payment processor you cannot withdraw the money you earned from most of these sites unless they have an option to send the money via Cheque. That way, having a payment processor account becomes a "Must Have" for earning money online. Infact payment processors are a very convenient way of getting paid or making payments online, simply due to the fact that there is little or no delay for the fund to reach you or for your funds to reach the other person. Paypal is regarded as the most famous payment processor. Now a new payment processor called Alertpay has come to the scene to do some of the work PayPal has some trouble doing. These are the 2 main payment processors which we are going to need at this point. |
Moneybookers
MoneyBookers
Safely Shop & Send money over internet!
Moneybookers is yet another payment processor with which you can send and receive money online. I have been using this service for almost 2 years, and sofar I'm satisfied with their service.
The feature I like most about this service is that you can withdraw the money straight to your bank account for a very less fee of Rs.122 ($2.5)
How can i make money with moneybookers?
Yes! You can money with moneybookers too! Just refer your friends to moneybookers and you earn 30% of the fee charged on each of their transactions for one full year up to euro 100!
Liberty Reserve
Liberty Reserve Payment Processor
Liberty reserve is another payment processor like Paypal or Alertpay.
Even though not very popular as Paypal, there are few sites which only accepts LibertyReserve for accepting and withdrawing money online. Thus making Liberty Reserve unavoidable in making money online.
You can also earn money by Referring your friends to Liberty Reserve. They pay you $0.25 for ever person referred. Your referral will also get $0.05 in their account. You need to have at least $10 in your account to get the referral bonus.
PayPal! The folks who rules the online payment processing industry!
PayPal is the Current leader in the Online Payment Processing Industry. Making payments via paypal is more secure than making payments using your creditcards coz that way you dont have to reveal your credit card no. to people whom you dont trust but instead you only have to reveal it before paypal which is regarded as a very trust worthy company having a great track record and even better customer support. If a site is approved by PayPal you can take it as a great sign of its authenticity.
Recently paypal has stopped supporting many Paid to click sites, But few sites still use this method of payment making it essential for your to have a paypal account.
Recently paypal has stopped supporting many Paid to click sites, But few sites still use this method of payment making it essential for your to have a paypal account.
Please note:
Paypal has 3 Categories of account 1) Personal Account 2) Premium Account 3) Business Account.
Initially, For the purpose of earning money online its better to have an Unverified Personal Account which carries no fee for receiving or sending money.
It is always a good idea to verify your paypal account (this is how paypal make sure of your identity) with your credit or debit card, but you should not be worried if you don't have one coz there are no big restrictions on receiving money to an account which is not verified. The restrictions are mainly for sending or withdrawing money (to your bank account or asking for a cheque) from an unverified paypal account e Make Alertpay your way to Receive & Pay online!
Paypal has 3 Categories of account 1) Personal Account 2) Premium Account 3) Business Account.
Initially, For the purpose of earning money online its better to have an Unverified Personal Account which carries no fee for receiving or sending money.
It is always a good idea to verify your paypal account (this is how paypal make sure of your identity) with your credit or debit card, but you should not be worried if you don't have one coz there are no big restrictions on receiving money to an account which is not verified. The restrictions are mainly for sending or withdrawing money (to your bank account or asking for a cheque) from an unverified paypal account e Make Alertpay your way to Receive & Pay online!
AlertPay
Alertpay is now a popular payment processor after Paypal decided to stop supporting many Paid to Click (PTC) sites.
In order to get paid by most of the PTC sites you will need an Alertpay membership. Getting an alert pay membership is FREE and EASY.
In order to get paid by most of the PTC sites you will need an Alertpay membership. Getting an alert pay membership is FREE and EASY.
Please note:
Alertpay account has two passwords
1) Login Password (which you use to login to your alertpay account)
2) Transaction PIN (Which you need to make transactions (make payments, withdraw etc) )
While creating your alertpay account make sure that your take note of these two passwords, coz many complain that they lost their transaction when its time to withdraw or make a payment from your account balance.
Alertpay account has two passwords
1) Login Password (which you use to login to your alertpay account)
2) Transaction PIN (Which you need to make transactions (make payments, withdraw etc) )
While creating your alertpay account make sure that your take note of these two passwords, coz many complain that they lost their transaction when its time to withdraw or make a payment from your account balance.
xceeding $100. As a beginer it is enough to to start with an unverified paypal account you can take appropiate actions as and when you start earning more.
