In term of security and effectiveness, most people will choose Paypal since they are provide more security and most the marketplace accept Paypal then other payment processer
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Sometimes I also use moneybookers because it can be directly linked to my bank account in my country. I think it's the next best thing after paypal. Don't trust egold.
I m using both alertpay and paypal... I think both are good... both are easy to use... but we can use paypal on many sites for online shopping... But alertpay is not that much popular but it'll...