Paypal and Alertpay are the two major payment processors that are being utilized by the various get-paid-to programs, although Paypal is widely used and accepted in a great deal of online businesses, while Alertpay is much preferred by GPT sites admins for some reasons. Below are definitions and few facts regarding these two payment processors.
What is PayPal?
Paypal, a company founded in 1998 and located in San Jose, California, is the secure and convenient means of sending/paying (without exposing the individual's credit card numbers or financial information to the merchant) and receiving money online. It also provides a fast check-out or easy payments for online shopping activities and can be carried out in 4 ways, namely : (1) Shop at eBay or with other online merchants, and select Paypal at checkout; (2) Pay for your purchase with a credit card, debit card, bank, or PayPal balance; (3) Send your payment securely to seller's Paypal account; and (4) Sellers can transfer their funds to their bank accounts or keep them in their Paypal accounts."
The other major benefits of using Paypal include its being recognized and accepted worldwide and can be used to make payments locally or internationally; a trusted industry-leading fraud prevention company; as well as its cost-effectiveness wherein sending money is free and that PayPal is affordable for all types and sizes of businesses.
Visit Paypal for more information.
What is AlertPay?
Founded in 2004 with it's headquarters located in Montreal, Quebec, Canada, and currently comprising about 45 employees, Alertpay is a rapidly growing leader in internet payment services, allowing individuals and businesses to send and receive money online quickly and securely, that is, without revealing any personal or financial information.
AlertPay ensures a safe and secure system and at the same time wholly respecting the privacy of all their members. Security of funds is established by the fact that "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".
As explained by AlertPay, the funds in the members' account belong to them and AlertPay is just temporarily holding the funds till the time the members are ready to use them for online payments or purchases. Another security feature of Alertpay is that members are required to provide two passwords, the primary password and the transaction password. These passwords are known only to the members themnselves and ensure that they are the sole person who can access the funds in their account. Alertpay also discloses that through their secure servers and application structure, only the appropriate people have access to AlertPay's information.
AlertPay ensures a safe and secure system and at the same time wholly respecting the privacy of all their members. Security of funds is established by the fact that "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".
As explained by AlertPay, the funds in the members' account belong to them and AlertPay is just temporarily holding the funds till the time the members are ready to use them for online payments or purchases. Another security feature of Alertpay is that members are required to provide two passwords, the primary password and the transaction password. These passwords are known only to the members themnselves and ensure that they are the sole person who can access the funds in their account. Alertpay also discloses that through their secure servers and application structure, only the appropriate people have access to AlertPay's information.
Visit the site to learn more.
Furthermore, in order to fully receive the benefits of using Paypal and Alertpay, your accounts must be verified. The process on how to get verified is quite easy if all the required documents are submitted. For Paypal, you only need to provide your credit or debit card details if you have no US bank account, while with AlertPay you need to upload two types of valid (according to their requirements) documents to prove your identity. Visit the respective sites for further details and updates.
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