Thursday, April 23

Payment processors - trends of today!

Hello everyone!

Since HYIP market is getting faster and stronger I think it is right time to talk about payment processors that are worth to use for investments of today. There is not that much what has been changed since early this year when EGO Pay collapsed but it is always nice to refresh knowledge about payment processor field.

Perfect Money is most widely accepted payment processor when it comes to HYIPs. Perfect Money clearly owns the biggest market share of HYIP market and that is why no HYIP today starts without Perfect Money. If you will verify your Perfect Money account than fee for sending payments will be just 0.5% from your payment amount and that is record low amount among all payment processors that are accepted by HYIPs. That explains why Perfect Money is so popular choice by investors. Also, I must add that Perfect Money does not charge any fees when you will receive money and that is good for small investors like majority of us are. Only problem with Perfect Money is that you need to use third party exchangers to get buy Perfect Money USD or to sell it later (find them by clicking on “Exchangers” button in Perfect Money website).

Bitcoin clearly is my favorite choice when it comes to HYIP payment processors because it is easy to use it and there is countless services that will help you to buy (and sell) Bitcoin if you want to invest in HYIPs. The best thing is that there are no fees (okay actually there is little one but it is so small that you will not even notice) when you use this payment option. So, basically everything what you send and receive is actually what you give and get, no money gets lost. Everything would be great about Bitcoin, but big pain is that Bitcoin is not tied to any fiat currency and that is why Bitcoin exchange rate is bouncing all the time. There is no real stability with Bitcoin and that is why many people do not use Bitcoin at all. But apart from that at least I think that there is some magic because one day you can have more money then yesterday, but on the next day there is less money just because exchange rate has dropped. In any case choice is up to you, Bitcoin is easy to use, but floating exchange rate can be painful for some investors.

Payeer. To be honest I was very positive about this payment processor when it started to grow bigger last year and at the start of this year I thought that it will replace EGO Pay, but somehow enthusiasm for Payeer users dropped and these days’ only minority of individuals uses it just because fees are little bit higher than Perfect Money and why would anyone want to lose money just because of payment processor fees. On the other hand if we compare with Perfect Money it is easy to fund Payeer just because it accepts countless payment methods and you can fund your account with your credit card or with bank transfer what makes everything very simple and painless.

If earlier this year I said that Payza is not worth to use, but today I have changed my thoughts because more and more HYIPs are starting to accept it. Like with every other payment processor there is some cons and pros for Payza, first about pros. It is very easy to fund your Payza account with your credit card and basically after some short time you will be able to place investment in any desired HYIP project you want (of course only in those that accept Payza). Funding is easy and you do not need to use any third party service (exchangers) to fund your account. Anyways not everything is as shiny as it might seem from the first sight – Payza charge quite big fee‘s and if you are HYIP player that plays with small amounts than Payza is not choice for you. But if you play HYIPs with hundreds and thousands than Payza might be the most logical payment processor what to use today for investing in HYIPs.

Solid Trust Pay – just ignore this one! Why? Almost no HYIP of today use this payment option and I do not think that anything will change in future as well. I do not see any purpose for you to just put money on Solid Trust Pay account, if there is no place to use it, you will just fund your account and withdraw your money later back. Basically you just lose money because of payment processing fees. Yes, some people say that using Solid Trust Pay is “safe” just because some financial institutions regulate it and Solid Trust Pat have real office, but sorry me, have anyone of you tried to enter Solid Trust Pay street address in Google Street view? I’m sure you will be surprised that this big company (as some claims) is located either in the church or either in small building what looks like little candy shop or in the best case some small cafĂ© where you could buy burgers. I do not think that I would trust my money to someone who is just claiming to be legal, but actually is same as everyone else except that Solid Trust Pay charge big fees unlike others.

Other payment processors – there is not that much payment processors left what HYIPs use these days. There is OK Pay, some Russian payment processors like QIWI, YandexMoney, but they are just not worth to use because only few HYIPs in reality accept them and basically if you will put your money on them you will need to withdraw it later and you will lose just because you will need to pay fees.


To summarise, I must say that todays’ biggest and most widely used payment options are Perfect Money, Bitcoin, Payeer and Payza, all the rest is just secondary and it would be smart to stick only with these payment options, but of course it is up to you want you decide and whom you trust your money. I’m sure this article covered almost everything about payment processor field, but if you have anything else what you would like to add feel free to share your thoughts in comment section.

David
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6 comments:

  1. Payeer is losing users with it arrogant, bullying support. Perfect Money and Bitcoin are my favorites. Bitcoin has a nice advantage - it never experiences 'maintenance' or downtime.

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