The Money Magnet Strikes Back With AlertPay
A few days ago, we were writing about a new online money making toy we’ve got to put to test, the Money Magnet. Shortly after we wrote that article, the toy ceased to function, but not before we managed to earn our money back and even 50% more 
As they were actually not selling anything, the Money Magnet guys were abandoned by PayPal and had to find alternatives for enabling the payments again.
The alternative they found is AlertPay, a payment processor similar to PayPal, but which accepts also merchants who are selling unusual kind of products (but not illegal), such as MLM or adult stuff.
Opening an account with AlertPay is free of charge and it takes a few minutes. After that, you’ll be asked to verify your account, which supposes uploading an ID card and an utilities bill. The verification takes maximum 3 business days. During all this time, you won’t be able to use your account in any way.
Withdrawing money from your AlertPay account is possible either via check or bank transfer, and the fees are as it follows:
Types of accounts you may open with AlertPay
Personal Account:
- Full access to all the funding options and ability to withdraw funds
- No fees for receiving money
- No e-commerce possibilities
- Monthly receiving limit of $400 and a cumulative annual receiving limit of $2000
Premium Account
- No monthly or yearly limits receiving limits
- Access to features like: Mass Pay, Integration tools and website payment methods
- Fees for receiving money: 2.5% + $0.25 per transaction
Secured Account
- Access to the same features in a premium account but with additional security options.
- Recommended for businesses such as multi-level marketing, mature content and other “risky” businesses.
- Fees for receiving money: 3.9% + $0.59 per transaction.
The Affiliate Program of AlertPay
AlertPay also provides an affiliate program, but only for Premium and Secured accounts, in which you’ll get paid $5 for each referral you send them (increasing to $10 after the 10th person you refer).
In order to receive your referral bonus, your referral must fulfill the following requirements:
- Create an AlertPay Personal Pro or Business account (or upgrade their personal account)
- Transact at least $250.00 (sending and/or receiving) through their AlertPay account.
Due to the fact that it is available also in countries where PayPal is not, AlertPay could be a viable alternative for the residents of those countries, provided that online money making services (especially the pay-per-post ones) would implement it as a payment option.
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Great to see MoneyMagnet back up and running. PayPal really do suck if you’re anything than a consumer.
Congrats on making 50% profit already, I am sure tehre is more to come.
You can earn Money Magnet commission into you AlertPay account immediately and not have to be verified yet.
AlertPay’s FAQ states:
“Verification of an AlertPay account is not necessary in order to, add or transfer funds. Verification is however mandatory for e-gold withdrawals. We believe verification increases the security of our network as we are able to verify and authenticate users. Although not necessary, verification is highly recommended.”
Hey, Simpson, 50% on top of almost nothing still adds to almost nothing
But anyway, it is better than a loss
AlertPay sucks a little bit at this one: if you don’t read everything, the first thing you are tempted to do when you enter your freshly opened account is to verify it. Once you’ve pressed that button, here it goes: no operation is further possible until they finish.
AlertPay sucks… sure (
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