Since most of us are busy making extra profit thru blogging, online jobs, answering surveys, pay to read emails, pay to click advertisements, pay to post thread etc., we need a payment processor as channel for our extra income earned.
A payment processor is the company that a merchant uses to handle credit card transactions. We can use it to accept payments from merchants (in foreign currency, usually dollars) and transfer our earnings to our local bank accounts (in local currency). Payment processors implement anti-fraud measures to ensure that both the front-facing customer and the merchant are protected.
One requirement when opening an account to any of the following payment processors below is you need to verify first your account. This needs any Master Card or Visa Card (debit, credit or ATM card) that will later be used to transfer your funds.
When you receive payments, you can keep the money in your payment processor account for future purchases or add a bank to withdraw it to your bank account.
Here is the list of commonly used payment processors that supports withdrawal of funds with our local bank and credit accounts.
One requirement when opening an account to any of the following payment processors below is you need to verify first your account. This needs any Master Card or Visa Card (debit, credit or ATM card) that will later be used to transfer your funds.
When you receive payments, you can keep the money in your payment processor account for future purchases or add a bank to withdraw it to your bank account.
Here is the list of commonly used payment processors that supports withdrawal of funds with our local bank and credit accounts.
PayPal is the faster, safer way to pay and get paid online, via a mobile device and in store. The service gives people simpler ways to send money without sharing financial information, and with the flexibility to pay using their account balances, bank accounts, credit cards or promotional financing.
Fees
Opening an account is free. There’s no fee to use PayPal to purchase goods or services. However, if you receive money for goods or services (such as from selling an item on eBay), the fee for each transaction is 2.9% plus $0.30 USD of the amount you receive.
There is a fee when you send a payment to someone in another country or if you receive a payment from someone in another country. Please note that exchange rate fees also apply if there is a currency conversion. The Fees section of the PayPal User Agreement has specific information. You can find the User Agreement by clicking Legal Agreements at the bottom of any PayPal page.
You can withdraw money from your PayPal account to your bank account at no cost. If you prefer to receive a check, there is a $1.50 fee.
Fees
Opening an account is free. There’s no fee to use PayPal to purchase goods or services. However, if you receive money for goods or services (such as from selling an item on eBay), the fee for each transaction is 2.9% plus $0.30 USD of the amount you receive.
There is a fee when you send a payment to someone in another country or if you receive a payment from someone in another country. Please note that exchange rate fees also apply if there is a currency conversion. The Fees section of the PayPal User Agreement has specific information. You can find the User Agreement by clicking Legal Agreements at the bottom of any PayPal page.
You can withdraw money from your PayPal account to your bank account at no cost. If you prefer to receive a check, there is a $1.50 fee.
2. Payza
Payza is the leading global online payment platform that specializes in e-commerce processing, corporate disbursements, and remittances for individuals and businesses around the world. The e-wallet platform provides Payza members worldwide with convenient and flexible loading and withdrawal options, such as localized bank transfers, global bank wires, credit/debit card, checks, prepaid cards, among others.
Fees
Fees apply to Payza e-wallet or credit card payments, loading and withdrawing money and foreign exchange.
Opening an account is free. Starter accounts pay no receiving fees on up to $400 USD or equivalent/month or $2,000 USD.
No fee also applies for sending funds. You can withdraw money from your Payza account to your prepaid card with $1 CAD fee.
Fees
Fees apply to Payza e-wallet or credit card payments, loading and withdrawing money and foreign exchange.
Opening an account is free. Starter accounts pay no receiving fees on up to $400 USD or equivalent/month or $2,000 USD.
No fee also applies for sending funds. You can withdraw money from your Payza account to your prepaid card with $1 CAD fee.
3. Neteller
Fast, simple and secure payments
For over a decade, the NETELLER Service has provided businesses and individuals with a fast, simple and secure way to move money online. As one of the world’s largest independent money transfer businesses, we process billions of dollars’ worth of transactions each year.
Trusted by merchants and consumers alike, our financial services span more than 200 countries across a broad spectrum of industries and businesses.
The NETELLER service is operated by Optimal Payments Limited™.
Founded in 1999, Optimal Payments Limited provides businesses and individuals with an online alternative to traditional payment methods.
We help customers get their money where it needs to go securely and privately, and give businesses an option for accepting payments and making payouts in markets where traditional methods may not work.
Millions of customers around the world have used their NETELLER Account to pay and get paid on thousands of sites and to send money to individuals around the world. And with Net+ Prepaid MasterCards® linked directly to the funds in their eWallet, they also enjoy instant access to their cash at millions of MasterCard® point-of-sale, ATM and online locations.
For over a decade, the NETELLER Service has provided businesses and individuals with a fast, simple and secure way to move money online. As one of the world’s largest independent money transfer businesses, we process billions of dollars’ worth of transactions each year.
Trusted by merchants and consumers alike, our financial services span more than 200 countries across a broad spectrum of industries and businesses.
The NETELLER service is operated by Optimal Payments Limited™.
Founded in 1999, Optimal Payments Limited provides businesses and individuals with an online alternative to traditional payment methods.
We help customers get their money where it needs to go securely and privately, and give businesses an option for accepting payments and making payouts in markets where traditional methods may not work.
Millions of customers around the world have used their NETELLER Account to pay and get paid on thousands of sites and to send money to individuals around the world. And with Net+ Prepaid MasterCards® linked directly to the funds in their eWallet, they also enjoy instant access to their cash at millions of MasterCard® point-of-sale, ATM and online locations.
4. Moneybookers
Changing the world of online payments...
Since becoming the first emoney issuer to obtain an electronic money licence from the FCA it’s taken Moneybookers less than a decade to change the world of online payments. With our mix of consumer and business focused solutions we have become one of Europe’s leading digital money companies operating one of the world’s largest independent eWallet platforms on the internet.
In 2007 Investcorp Technology Partners, the technology private equity arm of the international investment group Investcorp, completed a majority buyout of Moneybookers. Investcorp has supported Moneybookers on our remarkable story of accelerated growth since then.
Consumers can send payments to anyone without revealing their financial details. There is no need to repeatedly enter card numbers, expiry dates and endless details. Because Skrill stores them securely, there is never any need to share them. Combined with total freedom when funding your account, meaning you can choose credit/debit card or link to your bank.
Skrill understands that all commercial needs are unique and one size does not fit all, so offers more than just a portfolio of products. Whether by a simple integration or a fully tailored solution, local payment options or choice of currencies, Skrill offers access to the global stage. The only standard part of Skrill is that all options are supplied with full technical support, proven anti-fraud measures and reliable customer service.
What Skrill offers is how payments should be. More choice, easy to use, better relevance. However you choose to use it, Skrill delivers.
Skrill is the future of Moneybookers. A rebranding that extends and improves the Moneybookers global payment network even further. Clients will use Skrill however they need. To make payments, receive payments or transfer funds. Securely, to anyone or anywhere, with an email address. Look forward to tomorrow with Skrill.
Since becoming the first emoney issuer to obtain an electronic money licence from the FCA it’s taken Moneybookers less than a decade to change the world of online payments. With our mix of consumer and business focused solutions we have become one of Europe’s leading digital money companies operating one of the world’s largest independent eWallet platforms on the internet.
In 2007 Investcorp Technology Partners, the technology private equity arm of the international investment group Investcorp, completed a majority buyout of Moneybookers. Investcorp has supported Moneybookers on our remarkable story of accelerated growth since then.
Consumers can send payments to anyone without revealing their financial details. There is no need to repeatedly enter card numbers, expiry dates and endless details. Because Skrill stores them securely, there is never any need to share them. Combined with total freedom when funding your account, meaning you can choose credit/debit card or link to your bank.
Skrill understands that all commercial needs are unique and one size does not fit all, so offers more than just a portfolio of products. Whether by a simple integration or a fully tailored solution, local payment options or choice of currencies, Skrill offers access to the global stage. The only standard part of Skrill is that all options are supplied with full technical support, proven anti-fraud measures and reliable customer service.
What Skrill offers is how payments should be. More choice, easy to use, better relevance. However you choose to use it, Skrill delivers.
Skrill is the future of Moneybookers. A rebranding that extends and improves the Moneybookers global payment network even further. Clients will use Skrill however they need. To make payments, receive payments or transfer funds. Securely, to anyone or anywhere, with an email address. Look forward to tomorrow with Skrill.
5. Egopay
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