alertpay ver paypal

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richard thurman

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Has anyone ever thought about using alertpay instead of paypal?? from my understanding they are in canda. I wonder if they will be made to report to the USA IRS about what people are spending there money on? I wonder are they charging a use fee like paypal ?? anyone has any ideas on this then please post them.
 
Alertpay is smaller and trying to make a name for its self so has good support, etc. If they ever get as big as Paypal I imagine this will disappear.

Concerning fees, I don't think Alertpay is any better really. If you only receive $400 a month or less, it's free. If over its 2.50 % + $0.25 USD. Plus they charge for adding money via creditcard an extra 3.5%.

Paypal is a better deal (at least in Europe) if you add funds to your account or link it with your bank you can send and receive money for free, and withdraw the money to your bank account within 1 hour for free. Otherwise it's 3.5% flat fee. Plus, everyone has PayPal already..

As much as I'm not a fan of Paypal, I wouldn't jump ship yet.
 
Forgot to add, you have to pay to withdraw your alertpay money as well.

No idea about the IRS, sorry. I didn't even think Paypal would do this?
 
Withdraw money to bank account within 1hour? It takes 2-3 days at last for me.
 
I didn't know all of this. when I was using them I had none of these problems. boy have they changed and not for the good by the sound of it too.
 
alfk said:
Forgot to add, you have to pay to withdraw your alertpay money as well.

No idea about the IRS, sorry. I didn't even think Paypal would do this?
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Yes, PayPal reports to IRS if your transactions total $20000 or more in that year. You know it if they make the tax statements available to you.
 
apapercut said:
PAYPAL is expensive to use but easy and in my experience safe. Service costs money.
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Expensive?
This is not aimed at you specifically apapercut, many people complain about the "cost" of using PayPal, but where else can you get a credit card payment processed for 2-3% AND be protected against chargebacks from fraudulent payments or claims of the buyer never receiving the item Purchased?

I would really LOVE to know.
 
choombak said:
Yes, PayPal reports to IRS if your transactions total $20000 or more in that year. You know it if they make the tax statements available to you.
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Thats not PP's fault, The IRS MAKES them report transactions total over $20000 a year. Also it has to be $20,000 AND 200 or more pp account transactions over a calendar year, not just one of those. I called PP about this a couple months ago and they told me you could have 199 transactions for $20,000,0000 dollars and it doesn't get reported. They thought it was silly but thats the compromise they worked out with the IRS.
 
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