OKPay - okpay.com

[budado]

Is Okpay really regulated in the real sense of becoming a regulated payment processor. Well I don't know the real meaning of SEC here because if you come to my country, the SEC we know is securities and exchange commission, LOL. But then, if it means the same thing with that which regulated this payment system, then it's most likely going to be for a particular country.

I think the meaning of SEC is Security and Exchange Commission. Anyway SEC is a regulating body for a company and not for operation of the company. SEC only issue business permits but does not have regulatory function that can regulate okpay financial operation.

 

[hadg33]

I think most of this payment processors are regulated but they are not regulated by a big regulator that regulates payment processors like Paypal,Payza,skrill and Neteller. Okpay is just like PM so I think I even prefer the way that it is regulated,I am still looking for means to earn with this payment processor.

 

[anosocialnet]

@sinderin Regulation is Regulation, though you meant stricted and none stricted Regulators but as Okpay is regulated with none stricted Regulator, does that means that, imagine when ever Okpay is shot down, their all Clients will not still get a Refund? Or none stricted Regulator only has effect on the processors operations. And how do you mean that they are none stricted Regulator.

 

[Decub]

If Okpay is regulated by SEC, then I don't see that as regulation. For me, it's simply registration with SEC and shouldn't in any way mean or contribute to strictness. They are just registered as a financial institution which might or might not be monitored. By and large, they are still somewhat reliable.

 

[budado]

If Okpay is regulated by SEC, then I don't see that as regulation. For me, it's simply registration with SEC and shouldn't in any way mean or contribute to strictness. They are just registered as a financial institution which might or might not be monitored. By and large, they are still somewhat reliable.

That's true. All business must be registered and that's why its registered in SEC and that's how they can pay their BIR taxes also. But in term of regulated I don't think its regulated. But since in bi-laws as far as I know SEC can only investigate if theirs a complain.

 

[hadg33]

Well,what I will say is that OKPAY is regulated. Regulation varies,there is bank regulation and that regulation should be different from that of forex regulation or PP regulation. Regulation in the first place means that something is backed by laws. I think OKPAY is backed by Government and Financial services.

 

[anosocialnet]

How did you think that they are not regulated, @budado where they are registered under a regulator called SEC. When they are regulated under SEC, that also means that SEC will be investigating if any compliant about them, that makes them a registered member of the Company.

 

[Decub]

Regulation is different from registration with a particular body. What Okpay has is registration with SEC and I'm not sure if SEC would fight for your money if anything goes awry. The likes of Skrill are regulated which you can always see and have their regulatory number on most of their legal documentation.

 

[hadg33]

The likes of skrill/paypal/payza are more regulated than this payment processor but what I feel is that this payment processor is also regulated. If you check there TOS you would see that they are regulated,thing that I don't know is,I don't under which company they are regulated.

 

[sindarin]

If Okpay's regulator is not that strict then it is useless. What people want is how they feel safe to their account. Strict regulator will help Okpay gain more confidence to the public. Maybe they should try to be regulated by FINMA or FCA, if they think CFTC/NFA is too much for them.

 

[hadg33]

Well,what you are saying will have to depend on individual and countries. For someone like me,if OKPAY gets strict just like STP,Payza etc,then I am afraid I will no longer make use of it. Regulated payment processors are strict to my country that was why I said it will depend on country. For people staying in Indonesia,they might prefer the payment processor to be strict because there country is already developed.

 

[sindarin]

Not developed enough yet, but if you ask me that Okpay is doing better right now, i like the fact that Okpay has lower fee even for unverified member, so with being only as unverified member we already get some advantage over other payment processor.

 

[hadg33]

Okpay is getting more popular in the HYIP industry because I can see so many hyips now accepting it as on of the payment gateways,I think in few years to come,payeer will be more popular in the hyip world. Regardless of the popularity,OKPAY is a good payment processor.

 

[sindarin]

Until now i think that is true, just look at there are a lot of HYIP and also Forex broker that accept Okpay. I think this is because Okpay's good nature which is open to so many kind of business yet still trying to look for their clients.

 

[hadg33]

OKPAY is really a lovely payment processor but what I don't really like about it is,it is not mobile friendly. Someone like me that doesn't make use of a laptop I find it so difficult to make use of OKPAY through my mobile phone. The API of OKPAY is not like that of PM or PAYEER. Anyway,like I have said,OKPAY seems good but I will prefer PM and PR over it.

 

[anosocialnet]

I think that Payeer is already popular in the Hyip industries to Okpay.
I would have know much about the Mobile friendly of Okpay if am using it. But every platform is going Mobile, so they should too.

 

[sindarin]

I think that Payeer is already popular in the Hyip industries to Okpay.
I would have know much about the Mobile friendly of Okpay if am using it. But every platform is going Mobile, so they should too.

It looks like it is quite reasonable to engaged in the world of mobile, OKPAY can get a lot of opportunities to expand its business to mobile phone users. Aside from that Okpay also should make it easier for people to use it for many things including HYIP for sure.

 

[hadg33]

Since when Egopay turned scam,so many HYIPs admins have now started making use of OKPAY,I know more than 5 hyips that are accepting OKPAY as one of its payment gateways. I tried to login to my account 2 days ago,I was unable to do that,I got a message that I have not logged into my account for a very long time that I should change my password,when I saw that message,I left the site.

 

[anosocialnet]

@sindarin is used in Hyip world very well but not used more to payeer over there.
@hadg33 that is a good security major, it will be that of PM, changing password every month.

 

[sindarin]

@sindarin is used in Hyip world very well but not used more to payeer over there.
@hadg33 that is a good security major, it will be that of PM, changing password every month.

Payeer? You mean that Okpay is not used in HYIP anymore as payment? Well if that is your post then i think you are wrong, there are some HYIP admins that still using OKpay as the payment up to now.