Payment Gateways For Online Payment: Which One Is Your Favorite?

Why You Should Be Using Skrill Payment Service

Skrill is a payment gateway available in many countries worldwide. It is available in countries where PayPal is not available. If you are based in Europe, you are entitled to receive a free prepaid payment card as well as make an investment in various cryptocurrencies.

I am not based in Europe, therefore, I cannot use their payment card or invest in cryptocurrency, but I like this payment service because I can withdraw my funds to my bank for 5.5 Euro flat rate or 0.50 Euro for a local mobile wallet transfer.  I can receive funds on my bank account in 2 business days, sometimes the same day, and local mobile wallet withdrawal takes less than 5 minutes.

Skrill also offers a money transfer service for one of the lowest rates in the market. You can use skrill just like western union, PayPal Xoom, or TransferWise.

Payeer Vs. Perfect Money Vs. AirTm

Payeer is a multi-currency payment gate that you can use to send and receive different kinds of fiat currencies as well as for cryptocurrencies. There are pros and cons of using payeer, however, the best thing about payeer is you can receive cryptocurrencies and withdraw as fiat currency.

Perfect Money is a payment gateway that you can use to send and receive money, you can also fund your account with bitcoin and earn interest. They allow you to withdraw your funds in multiple ways, including western union withdrawal (you have to use third-party service, though)

AirTm is also a payment gateway that you can use to receive fiat currencies as well as for cryptocurrencies. The best thing about this payment gateway is they give you a virtual prepaid card that you can use to make payments online. Another thing I like about AirTm is you can withdraw your Paypal funds.

Has Anyone Used AirTm?

AirTm prides itself as a payment processor that is available even in countries where major payment solutions like PayPal is not available.

AirTm is a payment gateway just like PayPal, Payeer, Skrill, Crypto Wallet, etc. You might ask I am already using the existing payment solution like PayPal, Payeer, or Crypto, what’s the point in using AirTm?

Well, the best thing about AirTm is you can fund your account through the existing Payment Processor. For example, you can fund your AirTm account with PayPal, Payeer, Skrill, Crypto Currency, or Perfect Money. You can also withdraw your AirTm balance to other payment processors. None of the existing payment processors allow you to move funds between two different payment gateway (except skrill and Neteller, and payeer and perfect money).

Another best thing about AirTm is they provide you with a virtual card that you can use online to pay for services and products.

How Safe is Paypal

Whether you work online, shop online, or send and receive funds online, you might be already using PayPal (provided it is accepted in your country). Well, PayPal is undoubtedly the most secure and safest payment processor. You may want to disagree with me but my views have changed regarding PayPal. Paypal could ban your account, freeze your funds or limit your account for silly reasons.

After using PayPal for 5 years, I have not been pissed off even once with paypal.

Sometime back I read online that a paypal user was banned for receiving payment from a site that paypal deemed fraudulent. How can paypal which also worked with  hyip, porn site, and PTC sites in the past label any site fraudulent without a valid reason?

 I also performed some research regarding whether paypal actually bans/freezes your account for receiving payment from “suspicious” sites.  Looks like this can happen. I found articles online where users claimed that their accounts were frozen for receiving payment from certain clients. Their claim looks valid because they also shared screenshots.

I use Adhitz ad network. They do not have paypal payment option. When I asked why they do not have paypal, they said their account was banned by Paypal. Can you believe, paypal banning an account of an advertising network.

The Issue of Money Laundering in Payment Gateway

One of the primary reasons why governments around the world are suspicious of bitcoin and cryptocurrencies is the issue of money laundering. Not only in the countries where cryptocurrencies are banned, even in the countries where they are legal, but governments are also still suspicious. Since you cannot track the cryptocurrency transaction people, money laundering becomes easy.  Binance is also under investigation for money laundering in the US.

As far as money laundering is considered, are cryptocurrencies only to be blamed? What about payment gateways like PayPal, Payeer, Perfect Money, etc.? Don’t you think these sites are also used for money laundering?

I am asking this question because once there was a payment solution called Payza, which was shut down for the issue of money laundering. The owners are still facing lawsuits.

Payza operated just like PayPal and was available in the countries where Paypal was not available, for example, Pakistan, Bangladesh, etc. You could even fund your account with bitcoin.

First published on Trendri, in author's name.