AlertPay is one more way

[img_assist|nid=8231|title=|desc=|link=none|align=left|width=100|height=24]AlertPay was established on June 19, 2005. However, conceptualization and development arrangements were made a year before the official start-up.

AlertPay was founded by Firoz Patel. He saw a problem: PayPal and other payment processing companies catered well to mainstream merchants, but fell behind when it came to less serviceable markets.

"We saw this particularly with multi-level marketing," he says. "Some clients simply need more time and attention when it comes to payments."

In 2004, Patel launched Montreal-based AlertPay to make online payments easier. AlertPay.com brings a strong presence to the online payment market giving consumers a choice to send and receive money online. AlertPay strives to become a global leader in online payments by providing critical services lacking in the industry today: account safety, intelligent customer service and competitive fees.[img_assist|nid=8232|title=|desc=|link=none|align=right|width=100|height=100]

AlertPay enables any business or consumer with an e-mail to send and receive Internet payments securely, quickly and cost-effectively. Members can use their accounts to purchase goods and services from merchant sites, send money to family and/or friends, and even make payments at auction sites. AlertPay also offers an Escrow service to its members for high ticket purchases.

AlertPay is voluntarily compliant with the regulations of the OSFI (Office of the Superintendent of Financial Institutions Canada), FINTRAC (Financial Transactions and Reports Analysis Centre of Canada) and FinCEN (Financial Crimes Enforcement Network).

AlertPay is growing at a steady rate of about 300 new members daily and at this time the company has around 1 million users. Most of its new members are referrals from current members and come from the affiliate program.

Manage your account

AlertPay has many different funding options. All the fees are found on the company site. For funding (deposit) an AlertPay account there are money orders, bank wires, bank transfers, credit cards, and cashiers checks. Besides, E-Billing is available to all US AlertPay members. A customer can fund his AlertPay account using his banks bill payment features. It's even faster than bank account transfers. As for Withdrawal options, the company offers traditional check, bank transfers for US and Canada.

Since June 18th 2007, AlertPay has opened up the world to it's members across 234 countries by allowing adding or withdrawing of funds using Canadian or US based bank accounts.

AlertPay is based in Canada, but is an international company. With its business licenses in Canada, US, and Europe, the company grows to retain all the major currencies.

AlertPay provides localized banking services for the following countries: Australia, Hong Kong, Portugal, Austria, Hungary, Romania, Belgium, Ireland, Singapore, Bulgaria, Italy, Slovakia, Canada, Lithuania, South Africa, Czech Republic, Malaysia, Spain, Denmark, the Netherlands, Sweden, Estonia, New Zealand, Switzerland, the Faroe Islands, Norway, the United Kingdom, Finland, Poland, the United States, France.

It should be noted that AlertPay is not a digital currency. It is a payments processor. AlertPay does all its business directly with all the providers, unlike other processors. Alertpay has direct services with Banks for Bank Transfers (ACH in USA and Canada) and European bank transfers, Credit Cards, Check clearing and issuance, Debit Cards, BillPay, etc…

As well, AlertPay is on the side of all members. That means members who are merchants can count on AlertPay in not freezing their accounts without a reason unlike other Payment companies. The company treats all of its members with courtesy and professionalism.

AlertPay account may be used for any recurring payments or any online subscriptions. When a business customer uses AlertPay Subscriptions, his/her consumers can purchase automatically recurring subscriptions from his website, or even by using a link in an email. It's like having an outsourced billing department with instantaneous payment the moment a client's account is due.

Using Subscriptions is a low-cost way for a business to accept payments for content site subscriptions, newsletter fees, club memberships,repeat donations, or any other type of recurring payment.

Customers, having local or overseas buyers and shoppers who need to buy last minute gifts, can use credit cards either [img_assist|nid=8233|title=|desc=|link=none|align=left|width=100|height=43]for having buyers to pay with a card or for online purchasing.

VISA, MasterCard and American Express (AMEX) are the only credit cards accepted at AlertPay.

AlertPay introduced the Verified by Visa (VBV) and MasterCard SecureCode (MSC) service that validates the authenticity of a customer’s existing credit card in real-time.

Verified by Visa (VbV) is a security feature offered by Visa for Internet transactions. If a customer’s bank offers it, the customer can associate a password with his/her Visa card in addition to the normal security process. If VbV is enabled, a customer cannot complete a transaction without a password.

AlertPay users may earn money when they refer friends. When a user refers someone to AlertPay, the company will reward him by funding his AlertPay account. A customer can use this money to shop online, transfer funds or make a withdrawal. It is the company’s way of thanking its customer for being an AlertPay member.

When a user refers AlertPay to his friends or family, AlertPay will pay him $5.00. But if he refers more than 10 people to AlertPay, the company will begin paying him/her  $10.00 for each referral, starting with the 11th referral.

In addition, business customers can advertise with AlertPay and increase their sales and customer base.

A customer can choose from 1 week, 2 weeks or a month of ad space for his banner that is visible to all members who login into their AlertPay account.

Trust your funds

[img_assist|nid=8234|title=|desc=|link=none|align=left|width=100|height=57] AlertPay fully adopts the principle of Know Your Customer (KYC) in order to ensure a safe and secure system for all its members. At the same time, the company respects its customers’ privacy fully standing by its Privacy Policy, ensuring the identity of its users is secured with it.

All monies deposited with AlertPay are FDIC (Federal Deposit Insurance Corporation) and CDIC (Canada Deposit Insurance Corporation) pass through insured in the U.S. and Canada are held with federally chartered and regulated banks.

[img_assist|nid=8235|title=|desc=|link=none|align=left|width=100|height=72] AlertPay is concerned about its members' security and the company is continually taking measures to ensure that a customer’s security is never compromised.

Funds in a user’s account belong to the user, AlertPay is temporarily holding the funds until the customer is ready to use them for payments or purchases online. A customer’s primary password and transaction password are known only to him/her and ensures that he is the sole person who can access the funds in his/her account. The company’s secure servers and application structure ensure only the appropriate people have access to AlertPay's information.

In addition to using VeriSign encryption for all transmissions online, (VeriSign is the world's leading Certificate Authority, securing more than 500,000 Web servers), AlertPay also implements HackerSafe as part of its security program protecting comsumers from any identity theft and credit card fraud.

Hacker Safe is a scanning program that is tested and certified daily to pass the FBI/SANS Internet Security Test.
Hacker Safe scans AlertPay’s website daily to detect and protect against potential hackers gaining access to  customers' personal information. With the combination of our Verisign encryption and daily scanning, an account holder can be confident that his personal information is being protected with AlertPay.

In addition AlertPay does rigorous photo ID verification and address verification for its members who are flagged.

Summary by Firoz Patel

“Since our launch in 2005, AlertPay is maintaining a calculated growth, learning from experience, improving its methods and continuously innovating in the industry. We are now used by close to 1 million users worldwide, because of our dedication to insure:

• Security and identity protection for all our members
• Fraud prevention
• Intelligent customer support
• And useful services, including our series of personal and business tools

AlertPay is a unique payment processor, and is distancing itself from the competition with services never before offered, for example:

• We are offering a wide variety of account funding options
• AlertPay Debit MasterCards are being introduced to our members
• We process transactions in multiple currencies
• We are developing services in Europe and other regions of the world.”