Like many online investors I'm not a great fan of online payment processors, or more precisely the need for payment processors in the first place.

Problems with egold and ebullion have not helped investors to feel any sort of confidence in companies like this.

Unfortunately virtually all online programmes are forced to use payment processors so if we invest we have to use them. Over the weekend I decided to join StrictPay as it was reported they are a good reliable company.

The company is based in Panama where privacy laws are rigidly applied so this was another reason for joining. I was expecting the process to be complicated and time consuming so I was pleasantly surprised at what actually happened.

The StrictPay site looks somewhat basic but that shouldn't put anyone off as the application process is pretty straightforward. Like all sites where money is to be managed there is a need to provide Know Your Customer (KYC) documents for verification purposes.

Probably the quickest way to do this is to use the online uploading facility on the site. If you live in the US you can make ACH payments via the Bank of America so there is a separate form to do that. For everyone else you should complete the standard verification form.

StrictPay require copy of ID, utility bill, bank statement and a voided cheque to be uploaded as well.

What really impressed me was that my account was verified within 4 hours of my documents being uploaded, and this was on a Sunday.

So, if you have a need for a new payment processor account then I can recommend StrictPay. They also have a debit card that allows you to withdraw from your account at ATM's worldwide.