Receive and Send money online - Payment gateways Similar to Paypal


If you have an online business or wish to have one in future, you need to have an account with a payment processor. These payment gateways help a person to receive and send money online. There are a number of payment gateways present online these days including Paypal, Alertpay, Moneybookers and Liberty reserve. In this post, I will provide detailed information about the different payment processors, their features, benefits and limitations.

With the changing economy, the trends related to earning and jobs have also changed a lot. More and more people are looking for their own business instead of doing a 9-5 job. Again, many of the young entrepreneurs are being attracted to online businesses because of a number of benefits. If you also have an online business or wish to have one in future, you need to have an account with a payment processor.



These payment processors help a person to receive and send money online. There are a number of payment processors present online these days including Paypal, Alertpay, Moneybookers and Liberty reserve. In this post, I will provide detailed information about the different payment processors, their features, benefits and limitations.

Let us start with Paypal. Paypal is certainly the undisputed leader in the online world and thus if you have to do business online, you need to have a PayPal account for sure. Every website accepts paypal as the mode of payment. Thus whether it is about paying the charges for a domain name of your hosting fess, you need to have a paypal account.

Of course some of the providers also provide a range of payment options including net banking or cheques but this is not common with all the websites. There are different types of account in paypal like premier, business and personal. There are no fees on spending while you are charged some fees on receiving money through paypal. Since, Paypal is owned by Ebay, it is a reputed payment processor and you can also trust it for your online transactions.

In addition to paypal, there are certain other payment processors as well. These include Alertpay, MoneyBookers and Liberty Reserve. Alertpay is also quite popular among the webmasters and bloggers. In order to open an Alertpay account, you are required to give bank account number, id proof and address proof. Thus the application process is more complex than Paypal that does not asks for address proof or id proof.

Once, you have provided the necessary details, you can get you Alertpay account activated within a week. Another payment processor is Moneybookers but it is not available in U.S.A which is a big demerit. All these payment processors have their own rules and transaction charges.



There are a number of cases where a particular payment processor bans the account of a member because of a mistake on the part of the account holder. At such, it is advised that you should keep an account on all these payment processors. This will help you to keep receiving the payments for your services even if a particular account is blocked, hacked or closed.


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Comments

Guest Author: Samad09 Jul 2012

I think no one can beat Paypal service, such service is very important for online business. My Paypal account helps me a lot for business transaction. regards

Guest Author: Lee18 Jun 2013

I have been trying to secure a payment processor, similar to Paypal, where you only need a Buy Now Button to place an order. I am interested in marketing Electronic Cigarettes. The problem with other processors is that they have a gateway and you have to secure one of their partners. I have found this too complex. I am looking for a processor, who is similar to Paypal. The "High Risk" Processors charge a lot and I don't know if they have a simple button. I have found that those that are somewhat similar to Paypal don't process Electronic Cigarettes, like Amazon, Paypal, Alertpay, etc. Please advise. Thank you.



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