I recall when I first opened an account with AlertPay to start a new business. It took about a week to transfer funds from my bank into my AlertPay e-wallet. I funded my e-wallet with $8 and never had to add any more of my own funds to grow my business.
That business was the $5 Franchise under the umbrella of the Online Business Alliance. It was a wonderful business and community (and I still miss it).
Anyway… my little investment grew by reinvesting profits from the sale of a $5 ebook, which funded all my other business centers in the $5 Franchise. Now my AlertPay account continues to turn out profit every month, all from that first $8 used to fund the account.
Sound familiar?
It’s the same model that TE Profits is built on, and what I call the “Funded Proposal.”
With the proper business plan and marketing plan, coupled with focus, you can turn a one-time payment into residual income.
(But this blog post is about AlertPay… so let me get back to the point.)
A fundamental requirement of any business is the ability to accept payments from customers, pay expenses, and draw profits. The most critical aspect being the ability to receive payments from customers. After all, that’s what covers expenses and profits.
When AlertPay added the ability for customers to pay INSTANTLY and DIRECTLY to an online merchant using a Credit Card… without the need to first establish an AlertPay account and get it funded through a delayed process… my business exploded.
AlertPay became my preferred e-wallet over all others for its convenience and reliability.
Well, times change.
Last October (2011) AlertPay ran into a very serious problem with Credit Card transactions, and business practically stopped dead in its tracks. The AlertPay problem extended well beyond TEP upgrades to other established residual income. Customers who were funding subscriptions in affiliate programs using their Credit Card via AlertPay had their subscriptions lapse, which decreased residual income in the market for obvious reasons.
This created a liquidity problem throughout the entire marketplace. The cash flow “economy” slowed down in a way that touched everyone, even if they were not using AlertPay. That’s how BIG this problem has been. Everyone has been affected.
Despite all their promises to restore Credit Card payment services, AlertPay has failed to deliver. The best they have done is to allow some people to used a Credit Card to fund their e-wallet, and that option does not appear to be working well either.
Has AlertPay given up the quest? Did they throw in the towel?
You decide.
Yesterday they announced a new partner and name change to Payza.
You can read more on the AlertPay blog here:
AlertPay is Becoming Paza
In a PRweb press release it was announced that MH Pillars has acquired AlertPay.
MH Pillars Acquires AlertPay
In any case, AlertPay as we know it will be gone. The infrastructure is moving under the new owners, which they suggest will be a seamless transition. We will all want to keep a close eye on the move this month, as it may adversely affect payment buttons as well as existing subscriptions in affiliate programs such as Traffic Wave and TE upgrades.
Being the forever optimist, this change could be a good thing in the long run… if the new owners are able to once again establish the ability for new customers to easily and directly make purchases using a Credit Card to fund their online business.
How This Affects You and TE Profits
AlertPay is no longer the exclusive provider of online payments for TE Profits. You now are not required to have an AlertPay account in order to upgrade your TEP membership or receive TEP commissions.
In order to accomplish this, the disbursement of commissions from TEP will no longer be automatic on the 15th of each month. To receive a payout, you will need to submit a support ticket and let me know where to send your commissions. Options are AlertPay and PayPal at this time.
If you wish to upgrade your TEP account, you can still do so automatically if you have funds in your AlertPay e-wallet. Just use the payment button on the upgrade page in your TEP back office. If you prefer another payment method to upgrade, contact me and I will make arrangements for you.
The demand for the TE Profits upgraded membership continues to be very strong. I receive support tickets and emails daily from members who want to upgrade but have trouble with the AlertPay process. It’s actually a good problem to have, because it illustrates what a real value the TEP upgrade is for our members.
I will continue to do my very best to make upgrading and getting your commissions on those referral upgrades as easy as possible.
To All Your Profits,
Scott
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