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PayPal no longer accepts Paid-To-Read (PTR) sites. This is, from my opinion, a big loss for their company. I do not really know why they ban PTR sites but if PayPal thinks that it is best for their company, then let it be.

With PayPal out of the picture, other payment processors are starting to become famous to all thus increasing PayPal's competition. Here are the list of alternative payment processors that most PTR sites are using right now (note: e-currencies are included in this list).

1. AlertPay - Their system is similar to PayPal but they their fees are extremely higher compared to PayPal.
2. MoneyBookers - Also similar to PayPal and fees are not half as bad. But there are rumors from other forums that MoneyBookers hates PTR sites. Rumors do spread like wildfire and I'd better be safe than sorry. Although I managed to make myself an account, but I wouldn't risk using this payment processor to process my payments from a PTR site. Maybe I'll just use it for my own personal sake.
3. Google Checkout - I don't think that there are fees for this service, but I haven't really tried this out yet. Anyone who knows more about this payment processor, please enlighten me.
4. E-Gold and Liberty Reserve - These are an internet currencies and the money received here cannot be transfered directly to your bank account, instead, a member should transact with a legit e-currency exchanger like PinoyGoldExchange (for egold) and AsianaGold (for egold and liberty reserve).

For me, I guess the best one so far is e-gold, only because I'm used to using the said internet currency, but I'll give the others a try as well. I might also consult others for this as well, especially here in the Philippines, to know which is more efficient and effective for a PTR site member like me.

If you guys have any comments and suggestions for me to look at and ponder, don't hesitate to drop one! I would appreciate them so much.

Is the information helpful? Please rate this post.



posted by Maricel @ Saturday, January 26, 2008 Saturday, January 26, 2008   0 Comments

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