Which “Payment Processors” Do You Use / Trust?
Jun 13
I’ve seen a lot of talk recently about several well-known marketers having their Paypal accounts frozen for various reasons. These are certainly NOT new issues either – such things have been happening for years. Whilst I don’t know all the “ins and outs” of each case, I know enough about doing business online to say that as marketers we should always have a backup plan. If you take nothing else away from this blog post, please remember that!
I certainly don’t ever recommend “putting all your eggs in the one basket” – especially if it’s your livelihood at stake. And that includes using Paypal as your only source of payment option or becoming solely reliant on ANY one payment option.
I’m certainly looking hard right now at how I can become less reliant on any one payment method and I wrote this post so that I could hear your thoughts.
I should also make it clear here that I’m NOT here to bash Paypal but simply to offer a platform where we can share trustworthy alternatives for those who no longer have a Paypal account, can’t accept Paypal due to where they live or simply do not trust them.
It’s no big secret that there are a lot of people out there that HATE Paypal. You only have to jump into the WarriorForum or any other respected forum and you’ll hear the horror stories. There are whole sites dedicated to exposing some of the Paypal horror stories… some which of course are not entirely accurate or present a slightly biased view.
It would be fair to say that many of those who have had their accounts suspended or frozen have in fact broken one of Paypal’s many Terms and Conditions. The problem is though that you can talk to two different reps at Paypal and get two completely different answers – so it’s hard to know what IS acceptable and what ISN’T until it’s too late.
Having said all of that, there are far more people that actually LOVE them than HATE them!
That’s what makes it tough for us as marketers – because even when we offer alternatives, 90% or more of our customers choose to pay via Paypal. I’ve tested this in my own businesses and well over 90% of my customers pay via Paypal.
So…. I wanted to hear your opinion on a few things…
AS A VENDOR (SELLER) what are the alternatives? What’s your fallback plan if anything was to happen to YOUR Paypal account?
There is a lot of talk and speculation amongst the Internet Marketing community (rightly or wrongly) that Alertpay may become the next big payment option for marketers. They operate in a similar fashion to Paypal but appear to be a little more “flexible” in their Terms and Conditions.
And finally…. if you use Paypal regularly….
As marketers, we need to share our ideas and solutions to problems which arise from time to time. We need to be prepared for any eventualities – even if they seem unlikely. That’s why I want us to start some discussion about these things now so that we can take steps to reduce the risk.






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