RoutePay.com - An advanced payment processor

Hello friends, today I am going to publish a review about a payment processor and I am gladly saying that, this is the first time I am going to write about a payment processor. The name is known to many people because they are not just new in business, it's RoutePay.com. It is such a kind of payment service provider those who growing slowly and steadily, they are already having a massive list of merchants, those who use RoutePay as a payment gateway for purchasing their products and services. Now lets come to the fact that, till date RoutePay is having a very limited use in HYIP industry. However, RoutePay is offering a very flexible terms which is ideal for HYIP and other online investment opportunities like forex, MLM, PTC, PTP and so on.

Some of the key features which I found necessary to mention :
> Advanced and innovative account security - If the hacker knows your password, he won't be able to use it to get access into your account. A question will be asked by the system based on your personal details and you have to answer it properly to get access to your account and also for sending payments. And about DDos protection and SSl certificate, they will get the full marks on my mark sheet.
> Very low fees - Their fees are one of the lowest fees I have ever seen in other payment processors. You will find a comparison with other payment processors fees in details later in this review.
> No Chargeback - This is also a very known feature, which is already very popular in HYIP industry, but what I personally think is, many big money investors will turn on to RoutePay if they offer chargeback on the basis of proper investigation.
> multiple option for funding or withdraw - This is a very unique feature which i've never seen in any E currency before. Every e currency usually offers bank wire transfers, and they employ exchangers to provide the facility of exchanging money in other rival payment processors. But here RoutePay itself is giving a chance to exchange your money to other popular e currencies as well as bank wire transfers also. That means your can fund your RP account by using other e currencies from within their website and also sell your RP fund directly to admin to other currency.
> SCI/API tools - RoutePay is having a decent and easy to use API/SCI configuration tool, which will let you integrate their payment option to your website. They are also having a masspay tool which is a very option for webmasters.

However these are quick introduction but now, we will move to in depth review and information, First here we will discuss about the,
Account types & Verification process :
RoutePay is absolutely free to use, you don't have to pay any monthly or annual fees to use their services. And the best thing is that, you are free to open as many as account you want using different email addresses. They are offering two types of account, Business and Personal account. As the name suggests, business account will have the access of their merchant tools like API/SCI and also there is no transaction limit for business account holders. However, the personal account is having a limitation of initial $5,000 transaction. Now each account can be of two types, verified and unverified. Verified members will get some extra benefit like bank wire and Ukash withdraw which unverified members will not get.

Now, the verification process they are having is the good old "KYC" process, That means "know your customer". For this process, they need two kind of documents, first your photo identification documents like Driver's license, Passport, Country/State ID or medical photo ID, and secondly you will need documents for address verification like Utility bill, Phone bill, Credit card statement or Bank statement. Remember that every document you submit should clearly show your name and you should provide the scanned copy of both side of the document. To verifiy your account you have send an email with the necessary documents to "accountverification@routepay.com". Don't forget to mention your RP account id with the mail. The verification process usually takes 3 business days. However verification of your account is not necessary for normal use of your account. Only if you want to withdraw your money through Bank wire or Ukash, then you will get benefited from the verification. You can also visit their "Accounts" page to gather information about their accounts.

Funding and withdraw options :
As I have already told you guys that they are offering a nice internal transaction feature with other rival E-currencies. This is absolutely a fresh feature I have never seen in any payment processor before. Instead of using service of 3rd party exchangers, you can directly exchange with admin with a very minimal fees lower than other exchangers. And the most interesting thing is that, you can use Liberty Reserve and perfectMoney along with Ukash and bank wire for both funding and withdrawl purpose. But only verified members can use these all four options, unverified members cannot use bank wire or Ukash. However, unverified members can always use Liberty Reserve and PerfectMoney. Fees are just the same for both funding and withdrawl, just take a look at the picture to know the fees,







RoutePay is also offering another very unique withdrawl option, you can withdraw your RP fund through their agents within a minute. They are having an worldwide agent network where you can withdraw your RP fund by person. This is very unique thing, because previously for these kind of transaction with other processors, the only way was Western Union by some 3rd party exchangers. But now, the picture is changing. I hope in near future these agent network will become one of the major part in E-currency industry because everybody want their money to be exchanged faster.


Comparison with other processors :








So, from the picture above you can clearly understand that, RoutePay is offering the lowest fee among all other major currencies. However, both Liberty Reserve and RoutePay is having the same fees but RoutePay is even better when a big money transfer occurs. The maximum fees in RoutePay is $2.50, no matter how big money you transfer.

Now, previously I told you guys about their flexible terms, which is very ideal for HYIP industry, because it is not necessary to verify your account, you are free to use your account without verification as well as you can use their internal exchange feature to fund or withdraw your RoutePay fund. However, if you want to withdraw to your bank then you will be needing one time verification or you can use any 3rd party exchangers to do so. View their "Exchanger" section inside their merchant directory to find the exchanger who can help you with bank wire if you are not verified.

There are some processors like SolidTrustPay and StrictPay where you won't be able to exchange money even with exchangers if you are unverified. For StrictPay you won't be able to send money if you are unverified. So in these case, I will prefer RoutePay or other processor similar to RoutePay's term. And I think most people don't want to send documents for verification unless they are having big money in their accounts. So from general people's perspective, I can say that people will certainly like this feature of RoutePay that you can do almost anything without verified account. So it is clear that RoutePay is having much flexible terms of use than SolidTrustPay or StrictPay.

Earn money from RoutePay :
Yes, you heard it right. Now-a-days payment processors are giving away some money for each referral you get. But in this case also RoutePay stands different. In RoutePay you won't get money to bring referrals, instead you will get money as many times your referral makes a payment. lets take an example,
Your referral makes a $100 payment to someone. As per fees RoutePay will take $1 fees from this transaction. Now, you will get 25% of the fees taken by RoutePay. So for this transaction, you will get $0.25 as commission. To get more insight of their affiliate program and their banners, use this LINK.

Present market reputation & Conclusion :
Well, in present times, RoutePay is having a limited use in HYIP industry. But RoutePay administration have taken up a massive advertising and promotional campaign recently. For me RoutePay is an advanced payment processor similar like Liberty Reserve, but with many many advanced and unique feature than Liberty Reserve. Without any doubt, RoutePay is having every qualities to become the next big thing in e-commerce in very near future. I am really hopeful about them because RoutePay is one of the most advanced payment processor present in the market. So I think, it's just matter of time to see RoutePay as a payment gateway for our every online needs.