In this article I will briefly explain the differences between the Traffic Monsoon payment processors. At the moment there are two payment processors that you can use with Traffic Monsoon, each with their own advantages and disadvantages.
Please note: PayPal used to be the main payment method. However due to a disagreement, Traffic Monsoon was forced to cut ties. If you scroll to the bottom you will see why this decision was made.
The two Traffic Monsoon payment processors
1. Traffic Monsoon – Payza
Due to the decision to close down PayPal, Payza has become Traffic Monsoon’s most used payment processor. In fact, Payza has a lot benefits when compared to PayPal. Unlike PayPal, Payza doesn’t charge anything when you withdraw money from Traffic Monsoon. The platform is so easy to use and navigate around.
Most people sign up with Payza as it covers many countries where PayPal has not entered. You should put in a bit of effort researching which payment processors operate in your country before launching your Traffic Monsoon journey. You don’t want to find out down the line that none of the payment processors operate in your country!
Payza fee: (3.90% + $0.59)/0.96
If you don’t have an account yet sign up for one by clicking the Payza banner below.
If you are already using Traffic Monsoon you should set up a Payza account right now. To get it verified you have to make a purchase using Payza, you can just buy an Ad Pack and then Payza will automatically be added to your list of processors on your Traffic Monsoon account. Also, Payza has an affiliate program which can help build you up some extra pennies! So make sure you spread the word around.
2. Traffic Monsoon – Solid Trust Pay
Solid Trust Pay is an alternative payment processor that falls just behind Payza as favourite Traffic Monsoon payment processor. Like Payza, Solid Trust Pay also has 0% withdrawal fees, which obviously saves you some money when making transfers from your Traffic Monsoon account to your Solid Trust Pay account.
Solid Trust Pay fee: (3.50% + $0.5)/0.96
Solid Trust Pay also has an affiliate program, so you can earn a little from referring friends and family. To be honest the amount of commission you can earn on these programs is very little compared, but every little helps I guess.
If you haven’t set up a payment processor yet, but are deciding between Payza and Solid Trust Pay, I would definitely recommend Payza. Even though Payza has a slightly higher cost when investing, it’s much easier to use and far more reliable.
*Traffic Monsoon PayPal updates 12th January 2016*
All Traffic Monsoon members received an important and exciting email today. Charles wrote to all members explaining that Traffic Monsoon is planing to get even bigger. In doing so, ties with PayPal had to be cut. Watch the video below to gain a quick idea of Charles’ big plans to take Traffic Monsoon to the next level.
As you see from the video, Charles went to Dubai partly to set up a Traffic Monsoon global bank there. This boasts a number of advantages for Traffic Monsoon, some of which include the possibility of creating a payment processor without any fees and another being a completely integrated platform that operates on a global scale, allowing more people from more countries to join.
For a better idea on how big Traffic Monsoon is and why Charles made this big step to remove PayPal as a payment processor take a look at the following video.
The benefits of shutting down PayPal as a payment processor
One of the main reasons Traffic Monsoon chose to move away from PayPal was because of the withdrawal rate. At 2% of course at first it doesn’t strike you as a high fee, but when you are withdrawing amounts as high as $2,000 (which is quite common after a period of time) it does add up to a lot.
Traffic Monsoon’s long-term mission by opening the global bank is to eventually send us Traffic Monsoon MasterCards, that would allow easier access to our earnings. Charles will also have complete control over the funds received by the company for revenue sharing, without any worry about the payment processors taking control. This was one of the primary reasons behind the dispute with PayPal, which eventually caused the freezing of payments.
Traffic Monsoon is a great online business venture that I would recommend to anyone. It’s the perfect way to make residual income from doing almost no work. To find out more about the benefits of joining, check out these great reasons for joining.