I have recently singed up with AlertPay.
Some of their advantages:
- Lower fees for receiving instant payments: 2.50 % + $0.25 for any amount comparing to PayPal’s 2.9% + $0.30. But after $3000 PayPal has a lower fees of 2.5% + $0.30, and they can be even more lower.
- AlertPay supports some countries that PayPal doesn’t, for example Pakistan. This is the main reason why I’m going to use AlertPay, some of my customers just can’t pay me with PayPal, so I hope they will can do that with AlertPay.
- Better considered user interface and Business Tools, comparing to PayPal.
And some disadvantages:
- Bank transfer: $0.50 for any amount, while PayPal is free for $150+.
- Higher fees for receiving payments by credit cards, AlertPay: 4.90 % + $0.25 USD, PayPal: 2.9% (3.9%) + $0.30 USD
- Verification process. Although they don’t ask for scan of personal documents, they have 3 types of personal account verification:
a. Bank Account Confirmation – like PayPal.
b. Credit File Confirmation, “For Credit File Validation, we submit your name, address and date of birth to a credit bureau to verify your identity.” – an interesting way toverify my identity.
c. Attestation Form, “An Attestation is a form that you must fill out and have signed by a guarantor or Commissioner of Oaths.” – well…
You have to complete two out of three verification types to be verified. I just wonder, why is one type (like bank account confirmation) not enough?
- While AlertPay’s home page says, that they have 4500 sign-ups every day, I actually don’t know any website that accept AlertPay, but I know many websites accepting PayPal.
So, are you looking for PayPal alternative? Try it!