Payment Processors
Using online Payment Processors (also know as Payment Gateways) is key to develop your online business. You’ll be able to send and receive payments from all over the world automatically. They are free to join and their benefit is a percentage or a fee on the transaction processed.
They use https (secure) and encrypt (SSL - Secure Socket Layer) the information to secure all your stored data, such credit card information, bank accounts, personal data… and any transaction between the merchant and the costumer.
From your own account, you’ll be able to send your funds to your usual bank branch with just a click of the mouse, add funds from your bank or credit card to your online payment processor account, purchase anything from another merchant, send money to anyone who uses the same payment processor, etc.
There are lots of different payment processors and we will share some of the most popular with you but the one that we strongly recommend is PayPal. You can join two or three more to make it easier for your costumers to make the purchase but the one you will use most of the time will be PayPal.
Here they are:
PayPal is the safer, easier way to pay and get paid online. The service allows anyone to pay in any way they prefer, including through credit cards, bank accounts, buyer credit or account balances, without sharing financial information.
PayPal has quickly become a global leader in online payment solutions with more than 164 million accounts worldwide. Available in 190 markets and 17 currencies around the world, PayPal enables global ecommerce by making payments possible across different locations, currencies, and languages.
PayPal has received more than 20 awards for excellence from the internet industry and the business community -most recently the 2006 Webby Award for Best Financial Services Site and the 2006 Webby People’s Voice Award for Best Financial Services Site.
Located in San Jose, California, PayPal was founded in 1998 and was acquired by eBay in 2002.
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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).
They fully integrate the principle of Know Your Customer (KYC) to ensure a safe and secure system for all our members yet we respect your privacy fully, and stand by our Privacy Policy to ensure your identity is secured with us.
All monies deposited with AlertPay are FDIC (Federal Deposit Insurance Corporation) and CDIC (Canada Deposit Insurance Corporation) pass-through insured in the U.S. and Canada, and are held with federally chartered and regulated banks.
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SolidTrustPay was designed so that anyone with an email account can send or receive SolidTrustPay funds.
SolidTrustPay will not “freeze” or “suspend” your account for businesses such as Network Marketing or MLM Income Opportunities.
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