Friday, October 21, 2005

Check the payment processors BEFORE you invest:

Ever wonder why some sites - especially so-called opportunity or investment or paid to sites only offer Egold? Some of them are bold enough to say they don‘t offer Paypal or StormPay because of the ‘high fees.‘ Riiiggght. Like, here you are opening your hot new store just in time for the holiday season and you don’t offer Visa or MasterCard. You offer American Express maybe or Diners Club or Bank of Lithuania (opps, I don’t think Lithuania exists anymore.) But no big V or MC. And you sure don’t accept checks!

Lol. So what is up with that scenerio anyway? The two biggest and most well known payment processors on the Net are PayPal and StormPay. Why would anyone in their right minds (ok, or left. Ok, just in their minds) NOT want to have these two processor options? The fees? Nothing could be farther from the truth.

Well, one of the reasons is because PayPal and StormPay have aggressive scam reviews and mechanisms in place. Not to say a very honest and legitimate site has NEVER come under scrutiny. There are those who file false allegations against sites. (Kinda like those who file false spam reports. It DOES happen.) Paid to sites are especially subject to review, especially in light of the rampant abuse in these venues.

Don't take me wrong here either. This is no slur on Egold or IntGold or Moneybookers and etc. Is is a simple fact that neither of these payment processors have the reach or acceptance, especially in the U.S., as PayPal or Stormpay. So why LIMIT yourself and your site's reach?

Usually, when a site does NOT offer either PP or SP, there is a really good reason. And that reason usually has to do with abuse reports against THAT specific site or (and really key on new venues) that the owner or owners have had substantiated reports of abuse on OTHER sites they have operated. This stuff follows you around. Once you establish a track record, for better or worse, that record follows you around practically forever.

It could also mean the owner/operators are under age. I am all for the entrepreneur experience and energy for any and all ages, but when it comes to investing my money in a site - wanting a responsible adult supervising somewhere on this one. (Ok, some adults need supervising as well.)

Yeah. So, buyer beware on new sites wanting YOUR money and very limited payment processor options.

Interesting site you may wish to join: BlazingLinks. They accept both Paypal and StormPay. All the Xtream Venues offer both payment options as well. For a complete listing of those sites please see a XtreamNet Marketing Site or join XtreamNet Marketing Center

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