These days, there is no ignoring the strong trend towards digitally-based money transactions. Just think of all the ways that money is now passed between people on opposite sides of the globe. Whether you are a student making a book purchase from an online merchant or a considerate mother sending money to a child traveling the world before settling down or a responsible businessman trying to handle your company's finances in a modern way, the chances are high you are partaking in this unstoppable trend. All that considered, it is important to ask: through what digital venue are you channeling your money? The right service provider will keep your money safe, offer reasonable fees and have a number of services available, for your convenience. A prime example of these companies is AlertPay.
How Does It Work
For being more or less revolutionary, the setup for AlertPay is very straightforward. The person sending the payment (this could be a buyer hoping to make a purchase or a friend loaning money) chooses a method of payment. This could involve charging the sender's credit card, transferring directly from the bank, etc. The option to choose where the money comes from is one of the benefits of the system. AlertPay recieves the money instantly (through the wonder of technology), takes their small fee and then sends the money to the recipient's account. The recipient can then choose whether or not to withdraw and the method of withdrawal.
The whole process is very fast. Still, as quick and easy as it is to use this system, you might be asking yourself why you need it. Here is the answer.
Why You Should Care About AlertPay
There are plenty of good reasons to use money transfer services in general and AlertPay in particular. The first and best reason is security, because without security assurances, you can easily lose your money. Can you imagine a world where each online transaction required you to send your money through random, unsecured sites? Each time you would be taking your chances and keeping your fingers crossed that someone wasn't trying to steal your personal financial information (and considering the increasing number of identity theft cases, the odds would not be in your favor). AlertPay alleviates this worry because they act as a safe and secure intermediary.
Time is another reason. The transactions on AlertPay happen in real time, which means it is comparable to the time it would take to pull out your wallet and hand over the money in cold cash. This is much, much quicker than the time it would take to put a money order into an envelope and mail it. It is also quicker than other online money transfer options, which can take several days to process.
And of course, the array of services and features are a reason to use AlertPay. They include services like fraud prevention (to protect your identity), a money back program for referrals, currency exchange (so you don't need to deal with the exchange rate) and the ability to make either individual payments or regular, mass payments.
For AlertPay in particular, there are different account types and the services you recieve are dependent on the account you have. There is the Personal Starter account, which allows you to do all the basics in regards to sending money online, the Personal Pro account, which works equally well for both the avid online shopper and the casual seller; and, the Business account, which has special business-oriented functions and services, such as various pay buttons and chargebacks. You should always pick the account that best suits your needs and ask if you are not sure what you are looking for.
The question becomes: how much does it cost? After all, good things in life are rarely free. What fees are attached to AlertPay?
Surprisingly, some good things really are free. This includes the cost of establishing an account with the company. No matter what account type you want, it is always free to set it up. Also free: both depositing and sending money. That is a crucial fact because many people will only need to send money. This means you could potentially set up an AlertPay account and use it to make numerous purchases without ever paying any fees. Recieving money does come at a cost (albeit a small one). If you have a Personal Pro or a Business account, you pay a flat price of $0.25 per transaction to recieve, plus an additional 2.5% of whatever the amount is. If you have a Personal Starter account, you are exempted from this fee, though you are limited to $400 a month and $2000 in the lifetime of your account. There are also fees to withdraw your money from your AlertPay account, unless you are willing to accept a check. Those fees depend on the type of withdrawal method you want and range from a single dollar to $15.00.
Make no mistake, online money transfers are quickly becoming the way of the future. And, AlertPay and its competitors are improving to meet new demands. One example of this is the new AlertPay debit card, which will allow users to use their card like an actual debit card, accessing funds from all locations: at restaurants, stores, gas stations, etc.
Some people are hesitant to get started with a company like AlertPay because the exchange of personal information is a risky venture and they are not as familiar with the name as they are with the alternatives (such as PayPal). These people can investigate by exploring both the AlertPay website and online reviews by people who have tried it. And, testing it out on your own always provides the most definitive and final answer as to whether or not AlertPay is a company of worth.