Electronic fund transfer (EFT) or e-Payment transfer refers to the electronic exchange of money from one account to another account. Before you start earning money at any website, you should first check the methods it uses to pay money to its members. Most of the sites either pay by check or through an e-Payment transfer site like PayPal.
Best e-Payment Transfer Sites
There is no doubt that PayPal is the best EFT site. PayPal is Subsidiary of eBay Inc. PayPal has more than 153 million accounts worldwide. It is available in 190 markets and 24 currencies around the world. There are now even online casinos that allows you to use Paypal as your payment method. A PayPal account can be funded with a bank account or a credit card. Most of the online money making sites pay through PayPal. You can use PayPal buy button at your site for selling anything online. You can withdraw your money from PayPal to your bank account at any time. You can find PayPal fee for every transaction here.
PayPal is the best electronics payment transfer site and has a very good customer support system. If you are from India, then you should prefer this site instead of other electronics payment sites. You will need to add your bank account as PayPal will auto-withdraw your money to your bank without any additional fees. The only problem with PayPal for Indians is that they cannot send money to other’s PayPal account directly from their account. You will need to add your credit card to send money to other PayPal members. You can also earn money by Paypal like by exchanging with other payment methods etc.
AlertPay has recently changed their name to “Payza”. Payza is the second best EFT site after PayPal. Payza is available across 190 countries also in 22 currencies. The best thing about Payza is that you can earn money with Payza by using their referral program.
Now, Indian users also can withdraw money directly to their bank account. Other than bank account, you can request money through check or wire transfer.
Liberty Reserve: This site is seized by FBI due to money laundering issues by site owner. Read more at wikipedia
Liberty Reserve (LR) is also a good money transfer site. The only problem with Liberty Reserve is that you cannot withdraw money directly from your LR account; however there are many exchange sites where you can exchange LR dollars. These exchange sites have their exchange rates, in most of the cases you will get about 70-80% of amount in your account. Best thing about LR is that they have lowest fee for money transfer. You can see the details fee comparison chart at LR site.
Moneybookers is the best alternative for PayPal. Moneybookers is based in Europe, and has very strict verification rules for every account. So, never try to use fake information while signing up, or if you use fake information, then be ready for your account to be frozen. There are many members who are very happy with Moneybookers’s customer services. You can check fee for money transfer here.
Neteller is not as popular as other online money transfer sites. It provides online money transfer service across 180 countries. You can see the Neteller money transfer fee here. There are many casino sites which offer Neteller as a payment method. You can use Neteller to play at these sites. You can also make money with netteller using their affiliate program.