When it comes to transferring money online, most people think of PayPal, but what they don't realize is that there are very good alternatives available that are worth a look.

AlertPay is one of PayPal's chief rivals, but how well do they stack up to the top dog of the online money transfer world?

Perhaps the first thing people want to know is, "How much is it going to cost me?" Anyone who uses PayPal extensively has seen how much their fees can add up over time and cut into their profit margins. AlertPay comes in with slightly lower fees than PayPal. As of this writing, PayPal charges about 2.9% to receive money from funds outside of a PayPal balance. AlertPay charges 2.5%. This doesn't seem like a big difference, but if you do a lot of online money transfers, it can really add up in your favor.

Another advantage that AlertPay has is their multiple accounts. Different account and fee structures are designed with different users in mind. Light users can opt for a starter account that lets them receive and send money for free, while heavy users can choose an option with lower fees.

The number of currencies and countries supported is also an issue for online merchants and people who conduct a lot of business on the web. AlertPay beats PayPal in both areas with support for 22 currencies as opposed to PayPal's 18, and support for a whopping 206 countries compared to PayPal's 17.

In the area of security, both companies compare favorably. However, AlertPay takes security a few steps further. AlertPay employs some of the strictest security measures available today to keep user account information safe. Your credit card and bank account information are stored only in encrypted form on computers that are not connected to the Internet. When your information is being transferred over the internet, 128 bit SSL encryption is used to ensure your sensitive data is not legible by anyone on the internet. In addition, AlertPay keeps user identities private through their Know Your Customer Policy.

Security of funds is also an issue for everyone who uses an online service to send and receive money, and AlertPay insures all funds deposited in their accounts through the FDIC and the Canada Deposit Insurance Corporation.

Also, AlertPay is in full compliance with the guidelines and regulations of the OSFI (Office of the Superintendent of Financial Institutions of Canada), FINTRAC (Financial Transactions and Reports Analysis Centre of Canada), and FinCEN (Financial Crimes Enforcement Network).

While both companies offer the same service, it's clear that AlertPay beats out PayPal in the details that matter most to users. If you're looking for a solid alternative to PayPal, check out AlertPay by going to their website at www.alertpay.com.

Additional Resources:

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