Tuesday 26 June 2012

USING ALERT PAY

 



On my previous article on online banking, I mentioned Alert Pay as being on top of the list as an online bank account. Alert Pay is quite user friendly and secure. I can attest to that because I have used it before. There is definitely a number of other authentic online bank accounts but today am focusing on Alert Pay. Let us look at some of its features, the different services it offers, how it works, and also security measures that it has put in place.

Alert Pay was founded in 2004 in Montreal, Quebec,Canada with a mission to simplify online transactions. It is trusted by millions from over 190 countries. It currently supports 22 currencies and has localized banking in 44 countries. Alert Pay is a smart and safe way of paying and getting paid, not to mention that it cuts down the cost of transactions big time.

Alert Pay has a wide variety of features for its customers which include:
  • Sending money for free. It allows you to send money to other people with Alert Pay accounts for absolutely no charges.
  • Exchange of currency. Alert Pay supports 22 currencies and enables its customers to exchange currency for as low as 2.5% of the daily rate.
  • Earn money by referring people. Alert Pay pays you when you refer a new customer to their website and they create an account under you as a referral. They reward 5USD per referral, and 10USD from the 10th referral.
  • Send Invoices. It helps you send a friendly reminder to debtors reminding them to pay you.
  • Deposit and withdraw money. For example, you can withdraw money via: bank account (bank wire), credit card, Alert Pay prepaid card, Debit card. You can also deposit money in your E-wallet via wire transfer, certified check, money orders, credit card.
  • Use credit card to make payments. You can use your credit card to pay a person who has an Alert Pay account directly.
How does Alert Pay work? Its pretty easy. Supposing we are having a sender and a recipient. The sender clicks at the payment button "send money". He then enters the details of the recipient, which are the email address of the recipients Alert Pay account. The payment is then processed and a confirmation email is sent to both the sender and the recipient. Upon confirmation by both parties, payment is effected and funds are deposited in the recipients E-wallet.

On matters of security, Alert Pay will ask you to select a secret pin no (just like for an ATM) that you will be using to authorize your transactions. This means that in any case a person logs into your account, they cannot transfer funds provided that they do not know your pin. In addition to that, Alert Pay uses SSL encryption to ensure confidentiality of the data you enter into their website. This means that sensitive information that you enter cannot be viewed by a third party. Other security tools include phone verification, accounting review and website review.

Its my hope that this article will help you make a wise choice while selecting an online bank account.


Yours
tsmunyeki

No comments:

Post a Comment