3. E-wallets. These are our online wallets. Everything we get from these earning sites goes into them. There are lots of e-wallets out there but there are only 3 that are best recommended:
- Paypal - Paypal is the most popular e-wallet of all time. They've got high fees for receiving and there are no fees in sending, that is unless it is a private payment, you'll pay a small amount for sending. You can attach your Mastercard, Visa card, Debit cards or even your bank account to it for easy withdrawal of funds. One thing that I don't like about Paypal is that they have this dispute feature that can destroy a business. I have been given 2 disputes last June 2011. Well, it was an e-wallet exchange and Paypal doesn't support this. I sent the buyer his money and he sent mine. After a few weeks, the buyer put up a dispute on me. I told everything to Paypal's customer support but in the end, the buyer won Paypal's decision. So in short, I got scammed.
- Alertpay - Alertpay is the second most popular e-wallet. A lot of people use this but they also have high fees in receiving. Same as Paypal, you can attach your credit cards and bank accounts to it for easy withdrawal of your funds. But one thing I don't like about it is that they don't support the debit cards that we use in the Philippines to attach to the account. But they do have a cool feature that gives you some extra money. They reward your account with about $10 or more I think for every person that registers under your referral link and gets the required amount of money into his account. Well, I never did get those rewards because I don't have any people to refer.
- Liberty Reserve - Liberty Reserve is the third one. This is the best for me since this is mostly used on forums and on Forex brokers. They have the lowest fees of all. Their fees are only up to $2.99 per transaction. The fee depends on how much you send but there's no limit as you can send more than $100 and still the fee would be $2.99 for the receiver. They also have this referral feature that pays $0.25 for every referral you get but I think they have disabled it a few years ago to prevent fraud. Unfortunately, I had a lot of signups from a lot of people and it turned out that the feature was already disabled by then or else I would've gotten around $25 and counting by now. They don't support the credit card attachments but they do support the bank accounts.