Should I have other electronic payment accounts?
By Mylot User
@Sindrum91 (254)
United States
April 11, 2012 8:27pm CST
I mainly use Paypal or Alertpay. I am thinking about joining OkPay or possibly Liberty Reserve. There is even Perfect Money and then STP. Oh yeah i almost forgot Netteller too!!! So I have 2 questions today. 1. Should I even bother adding another one. I am happy and content with the 2 i am using now. But I do see how having broader choices of electronic payments can be very beneficial. and 2. If i were to add another one what would you all recommend?
1 person likes this
4 responses
@maezee (41988)
• United States
12 Apr 12
I think that one is good enough for me... I use PayPal and that's it. I don't sign up for a site that doesn't use paypal as a money processor. I just like having all my money in one place. I once considered getting an AlertPay, but decided against it. Most sites use PayPal or even direct deposit. I'm not that active online anymore though, so maybe that's why. But I think I'd rather have my money in one place!
@Sindrum91 (254)
• United States
12 Apr 12
Very well put. I originally started out like that. But now I am leaning towards using 3. I don't see myself using more than 3 ever. But I like knowing in case a certain website has a problem with paypal. I always have another option. or 2 hehe.
@honest_efforts100 (1607)
• India
26 Jul 12
Two electronic payment accounts are more than enough as long as they are efficient. If on doesn’t work, you could always use the other one. However it is safe to have a third one just incase the two accounts that you have experience some failures. The choice of the third should be dependant on the reviews it gets and the number of people using it; the more people the better.
@youless (112496)
• Guangzhou, China
18 Apr 12
I think it is not so necessary to have more electronic payment accounts. In fact I found that Paypal probably is the most popular online payment method. Many websites don't support other online payment methods such as Alertpay, Liberty Reserve and so on. It seems that those electronic payment websites are for giving money rather than spending it. Besides, these electronic payment websites can't transfer money to each other and this is inconvenient.
I love China
@marguicha (223101)
• Chile
12 Apr 12
I think that Paypal and Alertpay are more than enough. I only have Alertpay for sites that I already have and stopped paying through paypal. Alertpay does not sent money to credit cards and is not accepted in many places where you want to buy something onnline. Another such payment account would only give me a headache.