3 April

Effective Digital Currency Management

If you’ve embarked on any leg of the journey to make money online then you will have definitely come across a scenario where you feel the need to buy some traffic. This traffic would either be sent to your very own digital product or service you created and are selling, or one which you are marketing as an affiliate for commissions. Either way, because of the often questionable nature of the manner in which the traffic-for-sale online is generated, certain players in the online space choose not to entertain so-called traffic vendors.

Prior to 2010, for example, there were hundreds of PTC (Paid-to-Click) sites, many of which have since vanished. Basically, users would earn something like a tenth of a penny to view a 30-second ad, which qualifies as a hit to your site if you were someone who purchased traffic from that PTC site. Google would naturally be one of those big players who frown upon this practice because it poses a direct challenge to their own revenue generation model which is based on advertising and “clicks”.

PayPal

For some reason, the world’s most widely used payment processor, PayPal, seems to frown upon traffic vendors of the PTC variety as well. If you run a PTC site, chances are PayPal has already gotten in touch with you to let you know that they’ll no longer be offering their services to you. If that hasn’t happened as yet, let this be a warning. Soon they’re going to come knocking, although it’s hard to understand why they would get involved.

Many companies offering online work-from-home opportunities commonly use PayPal as the standard method for paying out earnings. Beyond that, if you run your own e-commerce site, even with a basic sales page, you can accept payments using a PayPal “Buy Now” button. PayPal serves as both a payment processor and a payment gateway. As a payment processor, it securely manages transactions between buyers and sellers, ensuring correct fund transfers. As a payment gateway, it provides the necessary infrastructure for receiving payments on e-commerce platforms.

However, it’s worth noting that payment processing isn’t included in every payment gateway, especially for international transactions. When selecting a payment gateway, it’s essential to research the available payment options to ensure they align with your business needs.

An Emerging Way of Collecting Online Payments

Naturally, the effectiveness thereof will depend upon the type of online activity you’re engaged in to generate an income, but Callmart is emerging as a growingly preferred way to collect payments online. Naturally, it works best for something like offering consultations because this is an app to make connections online and bill the people you’re connected with by the minute.

So your followers or clients get in touch with you and every minute that goes by subtracts a fixed amount predetermined by you from the user and pays it over to you as the service provider at the end of the call. This way there’s no need to fund a payment processor account first, which naturally deducts fees, and then have to contend with further transaction fees when your client is paying you.

The only transaction fees that would be involved in this process are those which are determined by Stripe, the third-party processor used by the platform for withdrawals to your bank account.