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Tuesday, December 2, 2008

Alertpay

The relatively newer player in the block, Alertpay is rapidly gaining popularity in online payments. It is a Canadian based privately owned and managed company founded in 2004. As of now, it supports 22 currencies and have over 2 million accounts spanning over 206 countries. It also has localized banking in about 46 countries. It offers two types of accounts-Personal and Business. Personal account is further divided into Personal Starter and Personal Pro. Personal Starter account allows you to send and receive money absolutely free. But the catch is that of a monthly receiving limit of USD 400$ and a cumulative yearly receiving limit of USD $2000. To remove these limits, you can upgrade to Personal Pro account at any time. But Personal Pro account charges low receiving fee of 2.5% + $0.25 per transaction. This is the same for business account. But you get access to a number of business tools to help your online business like mass payments, business sub accounts. After signing up you will be asked to become verified by uploading 2 documents-A proof of address document and a photo ID. Alertpay also comes with a referral program. Each time you refer someone to Alertpay you earn up to USD 10$. You can refer by three ways.

  • Using a unique referral hyperlink.
  • Using a text link.
  • Using a banner image.

The withdrawal charges are USD 0.50$ for Bank Transfer(2-5 business days), USD 15.00$ via Bank Wire(3-4 business days) and USD 3.00$ via Check(1-2 business days).

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