You might be contemplating starting a web based business. Maybe you already have a business but feel the need to reach out to a larger number of people through the internet. You may not be aware of the ways in which you can receive payment for services rendered. At first it may seem like a daunting task, but don’t be discouraged, it is really not that difficult.
On the internet there is an ever growing need for ways in which to transfer money. In turn there are many people who are dependent on the internet for their livelihood. Many companies have chosen to outsource their work online giving rise to a multitude of online employees. Let’s take a look at a few ways in which money can be exchanged via the internet.
PayPal is the Most Common Option
The popularity of PayPal is often attributed to the impeccable reputation it has cultivated over the years. It is also the most widely used method of money exchange used online today. Using PayPal has its advantages over the direct use of a credit and debit cards. For one, both the buyer and the seller are protected. PayPal provides an escrow service for buyer protection. It also reduces the danger of credit card fraud as you do not have to disclose your personal bank or card details to a stranger you just met online. Creating a PayPal account is a simple and straightforward process. Once you have established your PayPal account transferring money between the two parties involved is very easy. Members pay for goods and services using money in their account. Once you have given PayPal the required information money can be transferred from one bank account to the other.
Moneybookers as a Trusted Option to PayPal
Based in the United Kingdom, this company is the second most popular e-wallet after PayPal. There are over 4 million members who use this method of money exchange daily. Its service package can satisfy most of the banking needs of the average person. Moneybookers customers are allowed only one account for both business and personal transactions. The biggest edge Moneybookers has over PayPal is that customers can withdraw cash from almost any bank in the world as long as the bank is listed on the SWIFT network. PayPal restricts direct withdrawals especially in third world countries.
AlertPay: Another Option in Money Transfer
Compared to PayPal and Moneybookers, Montreal based AlertPay is a relatively new service. However, it has enjoyed phenomenal growth over a short time. AlertPay generally provides the same services as PayPal. The only hindrance is it has yet to be an acceptable form of exchange on eBay. AlertPay can also be used to send money to non-members through their email addresses. AlertPay users also enjoy the freedom to withdraw their money from any bank in the world.
Resource box- You can get more information on money transfer services by visiting these popular websites.