Hey guys. Welcome to TechTipGuru.com. Today we are discussing ‘Online Payment Gateways Without Verification’.
Mankind has been using various kinds of payment methods for a long time. Since the start of the internet, many modes of payment have been introduced.
In the olden days, the bartering system used to be a kind of payment gateway and this kind of system was in use before paper money was invented. In the current times, sending or receiving payments has never been an issue for many people due to the creation of various kinds of payment gateways.
There are many payment gateways you can opt for. However, we can also understand that many payment gateways require you to verify your account to remove limitations (for both money sender & receiver).
They demand you upload various kinds of documents such as National ID, Address proof to get your account verified. We can understand that going through such kinds of verification methods can be frustrating for many people.
Moreover, even after sending documents, many people face the problem of not getting their accounts verified due to some technical issues. So, here is a list of great payment gateways which you can use to send or receive money without getting verified or going through the KYC (Know Your Customer) procedure.
Perfect money is one of the best and one of the most reliable electronic payment gateways.
It was created in the year 2007 and this means that it is one of the oldest electronic payment gateways on the internet.
Perfect Money is owned by the Perfect Money Finance Corp and it is an officially registered corporation in Panama.
If you own an unverified account with them, they will charge you a 1.99 per cent fee for internal transactions and you do not need to get your account verified to avail of their services.
This means that you can send, receive, and withdraw money without getting verified on the Perfect Money payment gateway.
Perfect Money payment gateway is now accepted by many forex trading platforms and it is supported in many countries.
It does not offer its services in the United States. However, it does offer its services in other Tier 1 countries such as the United Kingdom, Canada, etc.
- No need to send documents (verification) to send or receive funds.
- Low transaction fees as compared to Paypal.
- Available in most of the countries in the world.
- Perfect Money is now being accepted by many Forex and Cryptocurrency trading platforms.
- It works with many exchanges around the world.
- Registered company.
- Not available in the U.S.
- Despite its popularity, it is not used by most merchants online.
2) Cryptocurrency Wallets/Micro-wallets (Online payment gateways without verification)
Cryptocurrency payment gateways are also one of the easiest ways to send or receive payments around the world without any need for getting your account verification.
This is because cryptocurrencies are usually believed to remain anonymous payment processing methods. There are many micro-wallets which you can use to send or receive payments. The usage of micro-wallets is on the rise.
There are many kinds of micro-wallets on the internet such as FaucetPay and Expresscrypto that are being used by many people to send or receive payments.
They do not require you to go through the KYC process. I can understand that many people may be reluctant to use micro-wallet, so they can certainly opt for big wallets to store funds.
Many people may also be concerned about the volatility of cryptocurrencies and this is why they might not use crypto wallets to store funds.
The greatest way to deal with this problem is to store your funds using stable coins.
There are many stable coins such as Tether (USDT), U.S. Dollar Coin (USDC), and Binance U.S. Dollar (BUSD) which you can choose to store your funds because the value of these coins remains stagnant and it does not fluctuate either.
All you need is a reliable exchanger to convert fiat currency into cryptocurrency.
- You can send and receive money no matter where you live.
- Crypto micro-wallets are safe.
- Big Crypto Wallets are safer than micro-wallets.
- Crypto Wallets are unlikely to get hacked if you enable two-factor authentication in your wallet.
- You may be charged high fees by the exchangers if you exchange fiat currency for cryptocurrency.
- Micro-wallets might be safe but not all micro-wallets are reliable, as FaucetPay was hacked in the past.
Payeer is an electronic payment gateway that was created in the year 2012.
They claim that they are owned by a company known as Paycorp Finance Limited and they are regulated by the Vanuatu Financial Services Commission.
This means that they are one of those payment processors that are registered with the governmental authority.
Just like Perfect Money, you do not need to verify (send documents) to send funds or receive money from others to use this online payment gateway.
It has a 0.5 per cent fee on transactions and it also works with many exchanges across the globe.
It is, however, not available in the United States. You can even trade cryptocurrencies using Payeer because it offers a built-in crypto trading platform.
According to the official website of Payeer, they charge around 0.095 per cent fees on trading operations.
You can also use cards such as Visa card cards Master cards to deposit funds and withdraw money from your Payeer account.
Payeer has gained a lot of popularity in the current times and it is used by thousands of people around the world.
- Payeer is a really popular online payment gateway.
- It has incredibly low fees.
- Payeer is registered with the Governmental authority.
- Payeer is supported by many exchangers.
- It provides a built-in crypto trading platform.
- Payeer is not available in the United States.
- Payeer is not accepted by many merchants in the online world.
So, here was your list of three online payment gateways without verification (Know Your Customer) process.
Opening an account with an online payment gateway that requires you to complete your verification could be a troublesome procedure.
It is also very important to note that you must only use online payment gateways such as Perfect Money or Payeer to send or receive money only.
You should never consider online payment gateways as virtual/online bank accounts where you can save your money or life savings.
So what are your thoughts? Leave them in the comments