Photority

Payment Processors

If you work or do business online, it is wise to keep various payments options likePaypal,Moneybookers, E-Gold, Ikobo and Alertpay. These third party payment processors can be used to receive payments or use to pay for products or services on the internet without using a credit card or cash. Western Union is another popular option.

Most programs do not adjust to what is available to their members. If you do not own one or can not sign-up for one, find a way – through friends and relatives who can or do not join.

Except for the verification emails sent during the registration, do not click on links found in your email.

• Paypal

Sign-up for a personal account at Paypal website. You can upgrade later to Premier or Business Account depending the activity of your account. Use your credit card or debit card to verify your Paypal account. Your registered debit/credit card will be the account to which money will be sent when a withdrawal is made.

In order to verify your account, Paypal will charge an amount from your debit/credit card. You need to enter the Expanded Use Number – reference code of the transaction – corresponding to the charge made Paypal. This can be found on the credit card statement. You may also check your online accounts after 3 to 4 days.

Without verifying your account, you will be able to receive payment but you can not withdraw so verify you account immediately.

If you want to purchase products or pay for services online, you can fund your Paypal account by buying Paypal units from another Paypal account holder or fund it through your credit card. When you use Paypal to pay instead of your credit card, you will only be revealing your email address thereby protecting your credit card details.

Your Paypal account is not a number. It the an email address you used when you registered for the program.

Sign-up for free at Paypal here

• Moneybookers

Like Paypal, signing-up for a Moneybookers account is free. You also need to verify your bank details (credit or debit card) and your address. Moneybookers will charge an undisclosed amount against your debit card or credit card. You must enter the exact amount in USD on the space provided.

A postal mail will also be sent to your registered address. It will arrive in about 10 working days. Enter the code found on the mail on the space provided.

Like Paypal, a Moneybookers account is not a number. It is the email address that you used when you signed-up.

Sign-up for free at Moneybookers here

• E-Gold

Unlike  Paypal, and Moneybookers, E-Gold do not verify account information. The most favored feature of  E-Gold is all transactions are final and no chargebacks will ever be made to your account. Your personal information remains anonymous unless ordered by law.

Sign-up for e-Gold here

• Ikobo and Alertpay You can also sign-up for free on both Ikobo and Alertpay although they are not as popular as the 3 payment processors previously mentioned.

All of these accounts are email dependent. Always keep your payment processor email secure by using a unique password. Regularly changing email passwords can also enhance security.

Each of these payments processors are popular depending on which programs you will be joining. It is free to create and maintain an account. You will never know when you will need one. Verifying an account can take a few days so it is better to sign-up now and proceed with the verification process.

Remember that when you sign-up for a payment processor account, it is free. To verify your account information, a payment processor may charge an amount to your debit/credit card but said amount will be credited back to your bank or to your online account and you can use it in the future. When you use it to pay, there are no charges. When you received payments, charges are imposed from 0% to as high as 5% per transaction. 

There are other online payment processors but these are the most popular among web users.