It's getting TOO risky for Internet Marketers to use PayPal!

Today, we received a message from well-known Internet Marketer announcing that as of Tueday 26th Sept., ALL his programs will cease using PayPal as a payment processing option. All split payment programs will revert to single payment only. Instead, Mike is switching his programs to ClickBank. His affiliates will still get paid instantly, but to their ClickBank accounts, where they will be paid bi-weekly by cheque.

Mike is just one more in a long line of well-known marketers that are deserting the ship that refuses to sink. Unfortunately, PayPal is just too well ensconced with e-Bay revenues and other mainline sales to be even the littlest bit worried to lose these sales. ClickBank may be a good solution for Mike, especially since they accept PayPal too. However, for any marketer who has subscription sales, ClickBank still falls short since it does not support them.

Fortunately, there IS a payment processor that still fills the bill in almost every area. We have been using SafePaySolutions for a couple of months now and they have proven to be worthy of our confidence. One of the best features is the fact that your customers do not necessarily have to have an account to be able to pay with a credit card or online cheque.

You can find a comparison of most of the major payment processing solutions on our Payment Processor Page

The receiver for EMO in Texas has put an important announcement on the website concerning the process of making partial restitution to members that had monies due to them at the time that assets of EMO were siezed.

More details Here

StormPay has recently made two announcements aimed at wooing both customers and merchants back to their services. It remains to be seen whether they can overcome the stigma and ill-feeling left after the 12DailyPro fiasco of February 2006.

More details Here

Duelling Payment Processors?

The battle of the Debit cards?

Phoenix Surf and Alien Trust are, without doubt two of the
leading Pay4Surf sites at this time. They are currently
locked in battle over their respective VirtualMoney debit cards.

It seems that, to date, approximately 25 surfing sites have chosen the Virtual Money card as a potential solution for the dependence on payment processors and e-currency exchangers. Phoenix Surf and Alien Trust just happen to be the biggest and most successful at this time.

The contention has arisen because Phoenix Surf has elected NOT to accept VM cards from other suppliers as means of spending to their program. Alien Trust, on the other hand, says that it will accept ANY VM card. Talk on various forums and boards would seem to indicate that Phoenix Surf MAY be on a sticky wicket here and we would not be surprise to see Virtual Money step in here and force the issue, since refusing ANY VM card MAY be against their terms of service.

Our current Top Picks for pay4surf (manual and autosurf) can be viewed here . Check our Pay4Surf Section for other news

STAY TUNED


Which Payment Processor?
It seems that since the demise of INtGold, EMO, AutoSurfMoney and the downfall of StormPay, there has been no single player that has been able to step up to the plate and hit a home run.

GreenZap:
Just made an announcement that they are in discussions with a very large company to roll out a FULL payment processor solution to rival PayPal. This is definitely one to keep an eye on and getting in early may be of some benefit.

AlertPay:
A Canadian company that has extended its memberbase considerably in recent times. Although they do offer to exchange to and from e-currencies, they often do not have sufficient reserves to carry through. Nevertheless, especially in the autosurf arena, AlertPay is becoming a major player.

SafePay:
SafePay is the other payment processor that has grown in both size and reputation since the demise of those mentioned above. Their rates are low and, thus far, they have proven to be efficient and reliable.

Check out our Payment Processor Update page for full info on these and other major payment systems.