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SELECTED PRESS RELEASE:
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posted on:
7/19/2012 9:55:13 AM EST
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eWallets Undergoing Changes
eWallet, cash processors, payza, solid trust pay
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As a member of Alertpay for several years I thought I understood what an eWallet was. Alertpay is now called Payza. I would fund Alertpay through my bank then use those funds to pay for subscriptions and products. I would also look forward to being paid from affiliate ventures. Other than a few hiccups here and there everything was fairly normal.
About nine months ago I joined a company that mailed their pay checks to your home. Well the company has seen enormous growth which meant for us as affiliates we had to enlist the services of an eWallet. The bank the company was using could no longer service such a large increase in volume.
In hindsight the company was forward thinking because they advised us to have as many eWallets as possible. eWallets are not banks, you can only get out of it what has been put into it, thus the term wallet. As of last week things got a little more complicated. The eWallet's customer base has also grown. When you have tremendous growth it requires you to add servers which means downtime for users. Imagine the panic in many as they can't see their funds nor carry on day to day transactions.
Adding to these complications are regulatory changes in the industry surrounding eWallets and you have one mad scramble to get the ship righted. Our company is working to partner with a global payroll company eliminating much of the consternation and providing a huge break on transaction fees. We are all looking forward to this coming attraction.
markgranberry.com
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