How to receive and send money for your online business
You may be contemplating starting a web based business. Maybe you already have a business but feel the need to reach more 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’s actually not that difficult.
On the internet there is a growing need for ways to transfer money. At the same time there are many people who depend 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 some ways in which money can be exchanged over the Internet.
PayPal is the most common option
PayPal’s popularity is often attributed to the impeccable reputation it has cultivated over the years. It is also the most widely used money exchange method online today. Using PayPal has its advantages over the direct use of credit and debit cards. On the one hand, 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, since you don’t have to reveal your personal banking or card details to a stranger you just put 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 provided PayPal with the required information, money can be transferred from one bank account to another.
Moneybookers as a trusted option for PayPal
Based in the UK, this company is the second most popular electronic wallet after PayPal. There are more than 4 million members who use this method of exchanging money on a daily basis. Their package of services can meet most of the banking needs of the average person. Moneybookers customers are only allowed one account for business and personal transactions. The biggest advantage Moneybookers has over PayPal is that customers can withdraw cash from almost any bank in the world, as long as the bank is 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 in a short time. AlertPay generally provides the same services as PayPal. The only hurdle is that it still has to be an acceptable form of trade 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 learn more about money transfer services by visiting these popular websites.