Where Do We Go From Here?

It’s been a few months since my last post on Hit Exchange News because I’ve been in love and obsessed with Steemit!

I highly recommend everyone go and check it out, you’ll fall in love with content creation all over again πŸ™‚

But today’s post is a must read and a must discuss for everyone in the traffic exchange and viral mailer business…

Here’s the situation;

Payza looks like it’s in some hot water…Again.

A recent blog post from ICE.gov claims that Payza along with two brothers from Canada have been money laundering and using their service for some shady practices.

Sadly, this does not come as a surprise to many of us that have gone through Alert Pay and then it’s rebrand to Payza.

Since this platform started it’s been nothing but a headache. What’s super scary about this though, is that only a year and a half ago, PayPal pulled the plug on many traffic exchanges and viral mailers. So owners flooded into Payza simply because they had very little choice. Now that Payza might be in for some even rougher times, we have to ask the question…

What’s next for traffic exchanges and mailers?

Personally, you’ll know what I would recommend…

Your own merchant account to accept credit cards. Sure that may take some work and you’ll have to actually treat your business like a business and file all the necessary documents to be above water but that could be a welcomed change to our reliance on these payment processors for good. A merchant account looks uber professional and puts a stamp of quality on your traffic exchange / mailer business.

But there is another option..Which will be able to handle all your payments, commissions and NEVER be shut down…

Finally embracing crypto!

I can see some of your eyes rolling but let’s look at the facts…

PayPal isn’t jumping to welcome us back anytime soon.

Payza may be going down the tubes at anytime.

Merchant accounts can be a lot of work to secure.

Crypto is there! Right now! And is a 100% digital product / currency. And the best part, it’s almost tailor made for what we do here online. It’s the perfect solution in my opinion.

What about you?

How does this recent news from Payza have you thinking about accepting payments online going forward? What are your plans for the future?

Jon Olson

I'm Jon Olson, I've been publishing Hit Exchange News since 2003 and been involved in the traffic exchange industry since...Well, the beginning :) I'd love to network with you as you browse the pulse of the traffic exchange industry! I am also a HUGE fan of reading your comments. I will respond to every single one! Poke around and enjoy the 'News! And thanks for hanging out...

14 thoughts to “Where Do We Go From Here?”

  1. I agree with you regarding most of the issues with PayPal & Payza, Even with a Merchant account you may have a few issues. If you need a Merchant account I might be able to assist you with that. Message me privately for more information. Crypto is definitely an easier route for many. Less restrictions and big brother controls. The question at this point is everyone ready for Crypto? If not contact me for a possible option! My 2 cents worth on the topic! By the way… Payza has been banned in my area for quite some time. πŸ™‚

    1. Yup, big opportunity I think for people to really start embracing crypto and what it means for online businesses. If only there was an easy to use service that trained new members in crypto and help them get their feet wet…If only….

      1. Hey Jon, I heard about this free training program to help people learn more about crypto…maybe you have heard of it… Bitcoing Bully πŸ™‚ Honestly people if you want to learn more about it.. check it out..

  2. Hi, Jon, Crypto currency won’t pay my rent and bills. I need to have dollars to pay my bills. How do you know the Feds won’t do something to block Crypto? I’m sorry but right now it won’t help me, Jon.

    1. Not the case. In fact, states like Arizona and Wyoming you can pay your state taxes using Bitcoin.

      You live in America. You can earn as much crypto as you want, add it to your Coinbase account and get cash deposited into your bank account.

      Not sure where you are getting your information from Barb. Crypto pays much more than just your bills.

        1. There are plenty of option in Australia. Some of the biggest crypto experts in the world are there. It’s not as easy as America, but like Canada we do have options.

    2. Barb,
      As Jon stated, it’s just a matter of funneling the bitcoin/crypto you earn from AdKreator (by accepting it as a payment option), then exchanging it into dollars in your Coinbase account for deposit into your bank account. There are folks who have their own secured bitcoin wallet (their own hardware/device, not using an online site like Coinbase). It’s a viable option right now. I understand about being hesitant about crypto, but you can’t throw out the baby with the bath water. Especially for those not in a position to obtain a merchant account or services such as Stripe (I recall many TE owners not being able to qualify with Stripe and other payment processors).

      1. Yeah exactly. The merchant accounts may not be an option so I think crypto presents a very unique opportunity for owners. And like you said, it can all be funnelled into your bank account via Coinbase (if you are American).

        Personally, I think it’s a massive potential to change things and bring the ‘money’ back into the industry.

  3. I’m trying crypto on my TE.. members love to be paid in crypto but can’t seem to get around to buying in crypto… The issue with merchant accounts is that, while you can take money in, you can’t pay the commissions owed to the members.. and that is the rub….

  4. What a shocker, Payza being involved (again) in some shady dealings? πŸ˜‰

    Like Jon, I’m not sure where people are getting their information about crypto but you need to broaden your horizons!

    Living in the U.S., I have many options to use crypto to pay bills, buy things, whatever I want. I use Coinbase for my soft wallet (not sure what that is? I could recommend a program to learn!) which allows me to either buy crypto, or, exchange it to USD and have it deposited into my bank account.

    There are ATM machines now available that will let you exchange crypto (here again, from a wallet) into cash-in-hand. Payment processors such as Square accept it for ANY transaction a merchant has that uses it. and so forth.

    The same applies to people in many other Countries, Australia especially. As Jon said, Australia is embracing crypto in a major way.

    It’s time to forget about the past, and how you once did business. Those days, specifically in the TE’s, are fading fast. It is time to either adapt or die as a business. Merchant accounts of various types are available, but you will need to move beyond ‘owning a domain and calling yourself a business’ to qualify (in most cases) for one.

    Take this as an opportunity to grow, reach new audiences and markets. Become a leader. The problematic cycle you have been experiencing is not ‘going away’ anytime soon. It is only ramping up and will leave you behind if you stay where you are.

    If you really relish finding excuse rather than solutions, continue as TE’s have for the past decade and watch as it fades into oblivion. Or, take action, and see where the future can take you! Your choice. πŸ™‚

    1. I personally think it’s a huge opportunity for owners to really step up and even cater to the crypto market. As we can see, the crypto community supports it’s own. Imagine being a free traffic source for some of these ICO launches, blogs etc…But alas…That would require TE owners to get a little bit more comfortable in this space.

Comments are closed.