Right now im searching payment service that works worldwide, (i cant use paypal cos my country's not on their list..). Anyone ever tried pay ace would tell me about it?

Welcome to the forums nikps2!

Mind sharing what country you are from? Never heard of payace myself, but it usually helps to know what country you are in

I live in Indonesia, as you probably know the only company that offer service worldwide are 2checkout,ikobo, and the newest is Payace. Then i browse this site and found out they cant be trusted.

Well 2CO is pretty large. If you follow their TOS, they are OK. Fraud is something you always have to be concerned with.

Ikobo though is a different story. Payace - not too comfortable saying go for it. I would steer clear fo them as well

Hi; I just recently joined payace, the plan wil not open until Jan 1, 2005, they are just signing up members and they are signing them on for free just like paypal does. But payace is international and will exchange bullion and ecurrency and other types of money.
I don't know how good they will be since they don't have a track record yet but I think they are gong to be excellent.

The man who started it seems to be a good a person from the interview I read.

Since I am a new member here, I am told I cannot post the link so email me if you want the link; greatstuffcheapprices@yahoo.com

I have pasted the interview below

It Pays To Be An Ace.

Written by: Bryan Small

Date Submitted: 07/15/2004


On Jan 1st 2005 a new online payment processor and
wealth-building system will be arriving on the
Internet. PayAce’s CEO Pedro Dispenza kindly took time
out to answer some questions about this new service.
Interviewed by Bryan Small 2004

[Bryan] Pedro, PayAce - ANOTHER online payment
processor? Does the online community need another
electronic payments system?

[Pedro] I believe that with the number of people that
daily gain access to the internet, there will be room
for many similar service providers, just like there
are many different banks in the real world.

[Bryan] In a nutshell, could you give a brief overview
of what the PayAce system can offer individuals that
other payment processors can't?

[Pedro] We are truly international, having no borders
thus gives the individual access to the entire world.

[Bryan] What can PayAce offer to merchants that are
interested in this system?

[Pedro] With the multicurrency support we offer, the
incredible variety of payments methods to fund an
account and with an international audience, merchants
will increase their sales.

[Bryan] There's a lot of competition out there. How do
you think you'll fare?

[Pedro] We believe by offering a very attractive
affiliate program, people worldwide will encourage
their friends and relatives to enrol in PayAce.

[Bryan] The official launch date is 1st Jan 2005 yet
you’re accepting members already. I think this is the
earliest opening in a new online business I've ever
seen. Any particular reason for this?

[Pedro] We are basically promoting the business
opportunity, rather than our services. When our
program is launched, we expect to have solved the
question of what comes first, the chicken or the egg?
Because we will have 100,000 members by this date it
will be no problem to attract merchants to support our
system and then when we have the merchants we will not
have a hard time to attract hundreds of thousand of
new members that are interested in our services.

[Bryan] PayAce has put up for sale, the topmost
positions in the company's commission structure to
whomever wants them. These positions are very
lucrative and normally reserved for the company
itself. What's your reasoning behind this move?

[Pedro] We are a private company, and to remain a
private company without external control or influence,
we have decided to get the required funds for this
operation by selling out the top positions. Now we are
dealing with members only and all of us share the same
interest - quality services and residual income.

[Bryan] The company is depositing One Hundred Dollars
into the account of whoever joins up. I can see a lot
of people feeling a bit dubious about this and
asking 'What's The Catch?' How can you possibly
sustain such generosity?

[Pedro] The 'catch' is this, and it will be part of
the terms and regulations that we will publish on our
website within the next few days. The $100 will be
paid over a period of 5 years (60 months) 59x$1.65 +
1x$2.65. To be entitled to the monthly payment, one
should at least login to their account one time per
month. We expect to get many members that will also be
loyal members (for at least 5 years)

[Bryan] What made you decide to start this business?
What was your inspiration or motivation?

[Pedro] Six years ago I started a company selling
payment cards. Three years later I started an IT
company with the purpose of developing virtual payment
services linked to payment cards.

[Bryan] What's been your major challenges/obstacles so
far? How did you overcome them?

[Pedro] Our main obstacles over the years were the
banks and providers of payment cards. With the world
changing all the time, especially after the 9/11
tragedy, we have faced many situations of card
programs being cancelled. To eliminate this problem,
we have extended our relations with financial
institutions. We can now promote cards from seven
different banks. The second major hurdle has been the
marketing of our services. We believe to have overcome
this by launching PayAce long before it will be active.

[Bryan] What's the least favourite part of running
this business?

[Pedro] I can't think of one.

[Bryan] Do you have a favourite part?

[Pedro] I experience a lot of joy and excitement from
the incredible feedback we are receiving from our
members. The VIP program has brought forward many
devoted, loyal and dedicated individuals that have put their hope and faith for a better future in PayAce. It's my challenge to fulfil their dreams.

[Bryan] I know at this stage of starting a new service
like this that you must be extremely busy. I’d like to
thank you for taking the time to do this interview.

[Pedro] No problem, it was my pleasure.

Hhhm, first post. Suspicious.

Never heard of payace I guess we will see how well they do come January.

Hi Good looking guy, I guess it looks suspicious because I came out of no where and of course how did I get here to put in my two cents.

Well a few days back someone wrote to me about payace and I wondered if it was safe or risky or?? So I wrote to my brother who teaches at a university in Europe to see if he knew anything more about this company and he sent me the thread to your forum, saying that is all he had come across.

So coming to this forum I simply contributed what little info I have on the company, hoping that perhaps someone else might know more.

Since it is free to sign up with payace, I did so but was wondering if there is anyone who feels it would be safe to invest in this group.
Afterall, paypal started as an unknown and it is enormous.

Anyway, if you want to know more about who I am you are invited to write and ask.

I have to agree that when anyone appears out of no where it seems suspicious to me too.

Take care and thanks so much for being on this website.

I have viewed several of the tutorials posted here and have learned a lot.

You guys know your stuff and I am just learning.
Thanks again,
Michele