AlertPay is an online payment processor just like Paypal. These payment processors offer more secure transactions because you are not revealing your credit card information upon purchasing online. Also if you are an online freelancer, most companies pay their workers using these online payment processors.
Right now, Paypal is more compatible with Filipino online entrepreneurs for withdrawing their online earnings mainly because Paypal allows withdrawal via direct transfer to local Philippine banks. Plus, there’s the cheapest way to withdraw Paypal funds method. If you follow that correctly, you’ll save a lot from fees.
As of now, AlertPay still has limitations for withdrawing funds in the Philippines as well as other countries. A lot of Filipinos are asking what’s the best way to withdraw AlertPay funds in the Philippines. Here’s some options that I suggest;
A minimum withdrawal amount of $20 USD is required to withdraw your AlertPay funds via Mailed Check. The processing fee is $4 USD and you will receive the check in USD around three weeks after your request. Preferably if your not in rush to receive your money.
You will receive your AlertPay withdrawal faster using Bank Wire around 2 to 4 days but it poses a high processing fee of $15 USD. Additionally, you must have a verified AlertPay account to use this withdrawal method.
AlertPay-recognized eCurrency Exchangers
AlertPay now allows their recognized exchangers to convert AlertPay funds to other e-currencies like Liberty Reserve, Pecunix, SolidTrustPay, Western Union, etc. The AlertPay recognized exchangers are;
This list is updated as of October 1, 2009 based on AlertPay’s blog. To know more them, please view the exchangers’ websites for updated fees and processing times. Of course, you will pay certain exchange fees for using this method. Also, they usually require a verified AlertPay account before processing the exchange. Note that AlertPay is not associated with any of these exchangers and is not responsible for any transactions with these exchangers.
Pinoy Gold Exchange (PGX)
You can sell your AlertPay funds at pinoygoldexchange based on their conversion rate and have it deposited directly to your local Philippine bank account or in your Smart Money. They also require verified AlertPay accounts for security purposes. Based on PGX users’ testimonials, transactions here are very fast.
AlertPay to Paypal (the legal way)
Direct conversion of AlertPay funds to Paypal using third party exchangers are forbidden. So how are you going to do this in a legal way?
Here’s how. Invest your AlertPay funds in your trusted online business that accepts purchases via both AlertPay and Paypal. Then cash out your earnings to your Paypal account.
This is legal because you didn’t directly convert your AlertPay funds to Paypal using third party exchangers instead you invested it in an online business by purchasing their services using AlertPay then cashing out when you already earn from your investment using Paypal.
Update: AlertPay is now Payza