Owned by Simple Virtual Servers, CheapVPS is a web hosting company that specializes in affordable unmanaged VPS hosting plans. However, if you need a custom, managed VPS plan, CheapVPS promises to do their best to provide you with a suitable hosting service. Depending on your needs, you can choose either OpenVZ or KVM hosting plans. With their Tier 3+ datacenter located in the UK, they are best suited for customers located in Europe and North America. They accept credit cards and PayPal as payment options.