NewGNI Newsletter 3 August 2012
Jurgen in the recent NewGNI newsletter informed about the addition of a new payment processor called PexPay. To be honest I never heard about PexPay before this newsletter. It is a new payment processor and a little ugly (design) at the moment.
Who is PexPay?
PexPay is owned and operated by a Nevada based company, and is a licensed money service provider and compliant with the latest United States legislation.
Why are you accepting PexPay?
More than half of our members are located in the United States. Those members are not only preferring, but used to fund and withdraw their payment processor accounts via ACH. ACH payments are financial transactions handled through what is called the Automated Clearing House (ACH). ACH is an electronic network which enables participating financial institutions to distribute electronic credit and debit entries to bank accounts and to settle such entries.
We have received dozens of requests from our members to add another payment system, able to process swift ACH payments. We had many discussions with the PexPay administration about the time frame of ACH withdrawals and they promised us to serve our members in a very timely manner. So we listened again and feel that PexPay will be a welcome addition to our portfolio of payment processors.
But I am not based in the US. Can I still use PexPay?
Sure you can. PexPay is a global payment processing system and is accepting deposit payments via wire transfer (SWIFT), credit cards and checks, apart from ACH. Withdrawals can take place via wire transfer, checks and ACH.
Whats about fees?
We feel their fees are reasonable low, please check their fees and charges – but more importantly, the PexPay administration promised us that account withdrawals will be handled in a timely manner.
Another important announcement made in the newsletter is about the change of hosting provider for NewGNI. Seems like they were not happy with the services of Dragonara and so decided to move to BlockDos.
July 2012 sweepstakes contest winners are also announced! The lucky winners are Rizal Andreawan, Michael McCleve and Mary-Jane Kohler. Congratulations! for the free $50 reward. Jurgen also mentioned that a new giveaway will be announced in the next newsletter. So stay tuned in for that!