PexPay is a new payment processor, which at the moment is not able to compete with LibertyReserve, Perfect Money or SolidTrustPay. Still is is showing good potential, and the fact it is now accepted by KISnP and NewGNI (two programs, which are rather popular on the net) may prove the serious intentions and good potential of this new payment processor.
One of the main advantages of PexPay is the verification requirement for completing direct bank wires for the e-currency members. And now as the means of attracting customers, for the entire period of August, PexPay offers a promotional campaign reducing the bank transfer fees to $10 (used to be $25) on all deposits from $200 and more.
The PexPay payment processor also pays much attention to the informative and educational aspect of business. So, the latest newsletter from PexPay gives the detailed manual on how to make a deposit via bankwire. The registered members of PexPay can read for the newsletter in their mailboxes. For all those not registered with PexPay, let me quote the "How to Deposit" manual below:
"To make a deposit using a wire you will need to do the following:
Login to your PexPay account.
Click on the deposit tab at the top of your main account page.
Complete the required fields on the wire deposit page
Enter your Security Guard Pin, and then click the add wire funding button.
Click the link for the printable wire instructions.
On the instructions page click the print wire instructions link.
Take the printout of the instructions to your bank.
Wait 2-3 business days for a deposit notice from PexPay and your done.
We must have all wires in and processed by 8/31/12 to get the discounted rate. As soon as 9/1/12 EST is here the fee will return to the normal 25.00 fee."