Exchanging E-currencies
@simplepleasures (282)
Philippines
July 2, 2012 5:26pm CST
I have found a new way to earn a couple of extra bucks in the form of exchanging E-currencies (Paypal to Payza or vice versa). Though my Paypal and Payza funds are limited, I still find this 'business' lucrative. I have earned as much as $5 in just one transaction. Awesome! :)
Anyway, I'm just sharing this cause I'm really happy. :) How bout you people of mylot, do you have an online business? Or if you don't, what is the most lucrative online money making program you are a member of? Care to share? :)
1 person likes this
3 responses
@simplepleasures (282)
• Philippines
4 Jul 12
There is no fee my friend. :) I use my Paypal account when a customer needs Paypal funds and Payza account when he need Payza funds. Transferring funds from Paypal to Paypal does not have any fees. :)
@techweb (217)
• United States
4 Jul 12
Great to hear about no fee :) But I am talking about something different. Whenever someone pays someone via paypal or payza they have the ability to cancel the transaction and get their money back ("chargeback"). This is why I understood exchangers don't do Payza PayPal transfers because they always face the risk of being cheated. How do you get around this?
@techweb (217)
• United States
5 Jul 12
Check out the chargeback guide at PayPal:
https://cms.paypal.com/us/cgi-bin/?cmd=_render-content&content_ID=security/chargeback_guide
From reading it, it appears that if a buyer initiates the transaction with a credit card, they can ask their credit card company to remove the charges. Then the funds are gone on the merchants side of the transaction. I believe Payza also offers the same service.
@dorothy172 (984)
• Malaysia
4 Jul 12
this is really a good way to earn some extra money =) nowadays many people looking for the e-currency, if you have enough fund in your e-currency account, then you really can earn a lot from it =) good to hear that you are doing well from this idea, good luck
@simplepleasures (282)
• Philippines
5 Jul 12
Thank you for your response Dorothy. :) I, myself was also surprised on how much you can earn on this kind of business. :)
Anyway, how about you, aside from mylot, what other ways do you do to earn money online?
@jaderamirez (1029)
• Philippines
3 Jul 12
I don't use Payza though I have an account from them. I just don't trust them on my money. Well that is a good business online, just be careful and honest to your customers because exchanging e-currencies is not allowed by paypal
@simplepleasures (282)
• Philippines
4 Jul 12
May I know why you have trust issues regarding Payza? It is as secured as Paypal anyway. :)
