InstantPay, a product of TheBC.com is said to be a PayPal alternative for Pakistan, Middle East, Africa and rest of the world where ecommerce infrastructure is yet to kick high gears.
When we say InstantPay would be PayPal alternative then it gonna have following features:
- You will have an online virtual account
- Deposit money into your online account,
- Redeem money through ATM cards
- Buy/Sell products/services online
- Transfer money online
- Interbank money transfer
- And of course more!
So just assume if you are enabled with above mentioned features, what else would you require being in Pakistan?
We know that InstantPay is going to offer you all these services, starting with a virtual online bank account that will offer all the luxuries of conventional bank account plus an ability to make and accept payments online.
Through sources we know that these virtual bank accounts will come with ATM cards, meaning that you will be able to withdraw money from any ATM in Pakistan or worldwide, thanks to InstantPay’s contract with international payment vendors.
This equation suggests that an individual will be able to sell products online, and get the money in cash format through nearby ATM. Sounds perfect given that InstantPay bank accounts will be audited for taxing through FBR exactly the way physical bank accounts are monitored, so money laundering is out of question.
We may not say any words on the procedures of the InstantPay as they will be kept secret till the launch in September 2010.
InstantPay will start with 50 invite only virtual accounts in the beginning. If you want to be one of lucky 50, simply fill a form here: Â http://www.thebc.com/instantpay/intro.php
It merits mentioning here that TheBC.com, the parent company of InstantPay is headed by Sulaman Choudary, a young Pakistani who recently returned home after graduating from US.
In short, the news is – a Pakistani individual will be enabled to make/receive online payments from September 2010 onwards.
It’s too early to call InstantPay a threat for conventional banks, but Banks and EasyPaisa sure need to take this solution seriously.
A very good news, though the website is a bit cluttered I think and will confuse most.
Looks good. Though we would still look forward to Paypal starting its services in Pakistan.
woow it’s a great news
well I got your new in my DP blog feed, I have put propak at my dp feed because I can get updates there easily..
so do you think we will be able to get payment from paypal accounts to intrapay???
if that is so then its good otherwise useless. because more than half of world use paypal.
One can also use Alert Pay https://www.alertpay.com
although paypal is the best and these minnows have no comparison to Paypal!
Yeah I agree. There can never be an alternative to Paypal. What is sad, is that it is still not available in Pakistan.
no my friend alertpay is the best and we should thanked them to support pakistan because paypal is bluddy jewish company.so i recomment alertpay the best https://www.alertpay.com/?Pus7OFU3V3grH5V%2fsYiftQ%3d%3d
alert-pay not accepted the pakistani bank accounts
Zeeshan I was unable to find any information regarding service charges, any idea how much does it cost.
Well, it seems good. But there is need to fix some errors because MERCHANT APPLICATION FORM is not allowing me to apply.
In my view there in very initial stages, because how can we assume the quality of there services rather we are not able to apply for their services.
Alertpay.com is also good supports Pakistan very well.
just wait 4 launching…
moneybookers.com is the best alternative so far i’ve used online dealing with my clients.
alert pay was very in the news few days back for stealing money from account.. moneybooker is good & also supported by Paki banks
Really nice to hear someone doing an effort. I need to know that almost every web on the internet today offers online shopping using paypal. What if 80% to 90% of webs don’t offer shopping using instantpay.
The site lacks a lot in usability and design.
Their merchant form is either buggy or not allowing to proceed at all.
I used moneybookers, and they are marvelous, their fee is very nominal and transfer into apki banks very quickly like within a week time only.
No Great/Excelent/best news…foolish pakistani because this is not a alternate…very poor site…no fix taxes show…and i apply for the marchant account and also fill all the fields but show error…still…so it is not possible to join this…some best way is moneybooker.
sorry but there is no alternate of PayPal. PayPal is widely accepted worldwide and when even google cant beat it how can BC?
On a second though, I agree. There can be no alternative to Paypal. I am just frustrated sometimes when I see the only method of sending and receiving payments is Paypal, which is sadly still not available in Pakistan.
So this can never be an alternative to Paypal.
great news
which type of account select Fanster or
Talent
I hope this thebc.com is not hoax.
Reason is I was viewing its “whois” information. Here I am unable to see any postal address, further the telephone number mentioned there also looks as fake. Anyhow, this is just my opinion.
I have copied the “whois” info below.
Domain name: THEBC.COM
Registrant Contact:
The BC ()
Fax:
jefferson st
CO, CO 80134
US
Administrative Contact:
The BC ([email protected])
+1.3100000000
Fax:
jefferson st
CO, CO 80134
US
Technical Contact:
The BC ([email protected])
+1.3100000000
Fax:
jefferson st
CO, CO 80134
US
Status: Locked
Name Servers:
ns1.thebc.biz
ns2.thebc.biz
Creation date: 25 Apr 2003 18:18:08
Expiration date: 25 Apr 2011 18:18:00
OMG looks like a identity theft website with fake whois.
And i was registerting there they need toooooo much info 5 times more than the paypal ever needs and also their site is coded like hell didnt let me register.
FAILED SITE!!!!!!!!!!!!!!!
Can anyone please highlight the security concerns of e-banking through these sites. who guarantees that their money handling would be transparent?
Its amazing that a online payment website offering services in various countries having that much low Alexa ranking.
something is fishy
That’s because the service hasn’t been launched yet.
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If paypal dont want to see us to do online business then we will kick his ass and do online business by alternative methods.
http://www.myclixs.com/2/category/real%20residual%20income/1.html
World of Gossips..
well, I sick and tired of it, client are askin for paypal and we don’t have it in PK, for alertpay we have to submit full documents, does anybody know any way for these who work as a freelance?????
Salam friends
I can exchange Paypal for PKR. If you are interested to exchange your paypal funds to PKR then contact me. But please Note that your paypal should be verified and safe. No stolen funds or hacked accounts.ok
[email protected]
Hi friends,Yes its really difficult to get online payment in Pakistan.we have been looking for PayPal alternative in Pakistan and eventually i got online payment through ecom solutions Pakistan and think that its a much better option than other payment alternate like 2co, plimus, Moneybookers etc..