How do I transfer my earnings from ALERTPAY to PAYPAL?
By kar295rocks
@kar295rocks (2116)
India
March 13, 2010 6:51am CST
Guys and Gals
I have a doubt whether I can transfer my funds from Alertpay to Paypal! Well, this is very unique as many tend to transfer their funds from PP to AP! I want to shop at the Ubuntu store, so I need to have PP money not AP money! Also, I saw a similar video in youtube - www.youtube.com/watch?v=U9McCid1PEg , but I doubt whether it is safe or not! What do I do?
4 responses
@champrocker (879)
• India
13 Mar 10
I would advice you not to Exchange money where PayPal is involved . It is against TOS of PayPal and also very risky. I am writing a message to you about this in detail. Refer that message to know more about the risk involved . 
@champrocker (879)
• India
13 Mar 10
The Risk involved is that PayPal has function of Chargeback which means that the sender of the money can ask for the Refund of money by opening a dispute in the resolution center . PayPal TOS says that exchange between E-Currencies is not allowed. So if the sender opens a dispute then the person who has received the money cannot cite the reason of exchange . If the sender is able to convince PayPal that he is not satisfied with the transaction on some particular reasons then PayPal can refund the sent money. So a scam can happen where the sender gets the Alert pay money and also gets back his PayPal money . Lots of cases of such scams takes place in Money Exchanges .
@sunnycool (12714)
• India
13 Mar 10
The best option would be go to for an exchange with your online friends whom you trust the most.It would make things easier for you and you can have the money immediately in your paypal account.There are some sites which transfer the money but they charge a high fee but you might witness a lapse in the time they have mentioned.great day.
@PowerRevenues (81)
• United States
13 Mar 10
Sunnycool is correct. You can do it that way, too. But "trust" is the key there. I've seen some pretty big arguments over things like that.
If you choose to do it, make sure you and your friend agree to whatever fees may be involved depending on how you do the transfer.
Sorry, i really have no idea. TATA. @PowerRevenues (81)
• United States
13 Mar 10
The safest way to do it without incurring fees is to transfer from one to your bank and then to the other. Unfortunately that takes a while.
There are exchange sites that will do it but you will pay a fee and there will be a lag as well.
If your AP/PP accounts are tied to a credit card, you can go that route with no delay unless the store won't accept CC payments through AP or PP.
Hope that helps.
