Hello friends Welcome once again in the infotainment "valley of Online money making". This time I am presenting you a short but a very basic and informative article related to �Money Making Online�. In this short article i will try to elaborate basic philosophy of online earning. People, who are always wonder that why is online earning possible when company is just on internet (virtual) and company is just giving points (dollars) in virtual form and there is no physical form (form of local coins and notes) of such currency, will find their answer in this tutorial. I will tell you guys that what is the value those points (you earn from internet based companies like Paid to Click Sites) and how you will convert those valuable points into the physical for of local currency notes using Online Payment Processing companies (Payment Processors). In fact Total Quality Content (TQC) of this article is
Probably you may know, if you have ever sat in the company of your elder and elder ones, in earlier era cattle and some precious pearls have been used for mutual trading. Folks have considered them (Pearls and Cattle) a piece of currency, just like you and me, today we are using piece of papers(notes) and pieces of metals(coins) as a currency. All of this is actually is physical currency. Now time has been enter into the revolution of IT and we are using internet and computers in every policy of our life. Now people have started their trading through banks (A form of digital money). Banks just store all of our money in the database (records) of their computers, this record or pointing in the computers is actually digital money, have value no less than physical cash (currency). Let�s say you have purchased a hammer having worth equal to $12 from your friend. Will you give him $12 in the form of physical currency? Obviously yes, you can. But in the age of digital money people don�t pick burden of $12 rather they just transact 12 digital points (equal to $12) to their friends bank account. Bank will deduce 12 digital points from your account and transfer them to your friend�s bank account (From whom you purchased hammer).
Online payment processors are just like banks but the main difference between a money bank and online payment processor is, banks are companies which play with physical currencies in physical atmosphere but online payment processors do the same job but they play with E money (Web Money). They withdraw E money (Cash in the form of points) from your online account and process that money into your pocket in the form of currency notes and coins. It is simple and that is all about Online Payment Processor. Now I give you an example, to elaborate my philosophy. Let you have started your earning with some PTC sites and say you have earned $63 with NEOBUX. Until now, this $63 amount is existing in the form of E money (Web Points) in your NEOBUX account. As NEOBUX is linked with the Payza(Online Payment Processor), here comes its role and Payza will help us to convert that $63 (Web money) into physical currency and will put it in your pocket (ATM card). Now you will come to the account of NEOBUX and put here your Payza information (Email address) and will put $63 on withdrawal. Payza will deduce $63 from the company account of NEOBUX and will transfer them to your Payza account (Still it is web money). Now enter into Payza account, here you have linked your local Bank account with Payza account. Payza team will then send those $63 to your bank account in the form of digital currency but obviously they will pay to bank off the record in the physical notes ($63). In between all of these transactions, Payza obviously will cut its service charges from you. In this final step, now you go to your local bank branch and receive your payment in physical form and definitely use those $63 (physical notes) to trade what so ever you want to do.
- What is E money and what are its alternative names?
- What is Online Payment Processor and how much it is important in the field of online earning (Making Money from Internet)
Without any delay let�s start learning�..
What is E Money or web money?
Then are digital money and E money same terminologies?Obviously not but there is a bit similarity between both form of currencies, that�s why I wrote this prolusion about E money or Web Money. Here it is the basic definition of E money (From a well-known business dictionary)
Definition:
A method of payment that is executedelectronically, such as over the Internet. PayPal and similar services are forms of E money.
E money is approximately just like digital money in the form of points (One point equal to the one dollar or other currency unit) but irrespective to the digital money (points in the bank records), E money is present on internet or web. That�s why formally E money is also known as �WebMoney�. I am sure you might have clear about the basic concept of E money, now come to its implementation. We usually do work for different companies on internet (Like Paid to Click Sites) and they award us money in the form of points (just like when we trade and bank transact digital money). These points are called E money having equal strength to physical currency. Now we convert those points (E currency) into physical currency by using the services of another type of internet based companies called Online Payment Processors. Don�t worry in upcoming section I will elaborate this conversion of cash from your earning (in the form of points) up to your pocket (in the form of physical currency notes).
Alternative name of E money: Simply Alternative name of E money is Web Money.
What is an Online Payment Processor and how much it is important in the field of online earning?
I am sure, after reading this detailed essay, you are completely aware with the fact that online earning is possible all of that is in the form of E money. But now you may have a question in your mind that how we will collect that money into our pockets in the form of physical currency (Physical currency is actually useful). I will also elaborate all of this procedure with an example. First come to the point, what is online Payment Processor?
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| Payment Processor is an E-vallet |
Online payment processors are just like banks but the main difference between a money bank and online payment processor is, banks are companies which play with physical currencies in physical atmosphere but online payment processors do the same job but they play with E money (Web Money). They withdraw E money (Cash in the form of points) from your online account and process that money into your pocket in the form of currency notes and coins. It is simple and that is all about Online Payment Processor. Now I give you an example, to elaborate my philosophy. Let you have started your earning with some PTC sites and say you have earned $63 with NEOBUX. Until now, this $63 amount is existing in the form of E money (Web Points) in your NEOBUX account. As NEOBUX is linked with the Payza(Online Payment Processor), here comes its role and Payza will help us to convert that $63 (Web money) into physical currency and will put it in your pocket (ATM card). Now you will come to the account of NEOBUX and put here your Payza information (Email address) and will put $63 on withdrawal. Payza will deduce $63 from the company account of NEOBUX and will transfer them to your Payza account (Still it is web money). Now enter into Payza account, here you have linked your local Bank account with Payza account. Payza team will then send those $63 to your bank account in the form of digital currency but obviously they will pay to bank off the record in the physical notes ($63). In between all of these transactions, Payza obviously will cut its service charges from you. In this final step, now you go to your local bank branch and receive your payment in physical form and definitely use those $63 (physical notes) to trade what so ever you want to do.
Summary
I will conclude this essay with this diagram that describes clearly about E money, digital Money and physical Money and in between role of online payment processing company. I have tried throughout in this article to elaborate the complete chain through which currency travels and reach into our pocket (physical form), after successful online earning through PTC sites or some other source. Finally remember �Online earning is possible and it is the upcoming trend of earning, so don�t be late and adopt it by joining best PTC sites�.
