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Payment Processors
There are many payment processors available nowadays with each one having their advantages and disadvantages. Some of the more popular processors include:PAYPAL
PayPal is probably the most widely used and catered for worldwide, and are integrated into many popular business websites such as eBay. However, they do have district disadvantages. PayPal does not provide a "receive" facility for many countries, thus rendering it useless as a payment collection tool for many. When applying for a PayPal account, make the effort to search the site for the list of countries with the relevant services applicable, to ensure that you are able to use it. Even if you are in a country that may not receive money to PayPal, you can still use it to make payments via your credit card, and since PayPal is a sole method of payment for many sites, it is worthwhile having. PayPal has also become very difficult of late with MLM and similar programs, and are becoming known for freezing accounts. This, along with other frustrations, has led to other processors becoming increasingly popular.
ALERTPAY
Alertpay has become your most viable alternative to PayPal, and is a must in your processor portfolio. Having a verified Alertpay account gives you much credibility online.
SOLID TRUST PAY
What is true of Alertpay can be said for STP as well. While not as widely used perhaps, they offer great additional facilities such as funding your STP account with your credit card, and also have an International Debit card available which you can load with your STP funds.
STRICTPAY
Strictpay is a relative newcomer, but gaining much popularity. You can fund Strictpay with STP, and they also have a Visa Debit card to withdraw funds with.
LIBERTY RESERVE
Liberty Reserve is a bit of a strange horse, but sometimes needed. The downside to LR is that you always have to work through currency exchangers to get money in and out, and it always comes at a premium. However, LR seems a fairly good way to work with those "offshore" funds you never want to talk about.
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By: Connie Muller
Article Source: EzineArticles.com
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