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| Author | Message |
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AlphakirA
  
 
| #1 posted April 2, 2008 at 4:03pm (EDT)
edited April 3, 2008 at 4:41am (EDT) |
Yup, no it's not too good to be true, it's a hopeful competitor of Paypal (and yes, they're member FDIC and a real bank). Support this site and maybe the monopoly of ebay/paypal will knock them down a notch.
Basically, it's paypal, MINUS THE FEES! Yup. Not a damn one in sight. Here's some info the site lists as the benefits of the service:
* It's free to collect online payments from buyers with MoneyExchange.
* Sending and receiving payments online between accountholders is free.
* Online transfers to and from your bank account are free.
* Get $10 for accounts you refer — up to $500.
* Plus, your customers, can sign up for free, and they will get a $25 bonus if they open an account before April 15, 2008. |
I just used 12 of my $25 to buy a Blu Ray from bur1196, which thanks to this, I got for free, plus I have $13 left over 
This is NOT a referral site where you have to do anything, you simply sign up with your checking account and start using it just like Paypal. Of course I'd appreciate the referral as I posted this over in the referral section, but that's NOT my intention of this. Everyone (myself included) hates paypal and though I'm sure a small site like GTZ won't exactly help RME dominate Paypal, BUT if we start to use this site in our trades we don't have to worry about fees anymore! The more of us that accept this form of payment, the cheaper it'll be on all of us .
Again, I'm NOT looking for referrals, just people to sign up at revolutionmoneyexchange.com so we all can start saving money and avoid paying all the friggin fees paypal hits us with.
Comments/thoughts? Anyone besides me and bur1196 use this?
Rent from me!!
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HungryWolf
| | #2 posted April 2, 2008 at 4:05pm (EDT) |
Well crap. I want a free $25. Sign me up.
I'll sign up under you too  . |
vDub
 
 
| | #3 posted April 2, 2008 at 4:09pm (EDT) |
well hell, I suppose it won't hurt to give it a shot.
 |
AlphakirA
| | #4 posted April 2, 2008 at 4:15pm (EDT) |
Let me know if you guys find any flaws or problems with them. So far so good for me, but of course like every service there's problems - I just haven't found any yet. I know when you take money out and request it by check rather than direct deposit or using it they charge you $2.50, but that seems fairly understandable considering they need to make money somehow.
Oh, and if you guys sign up, let me know and I'll put it in the original post so we know who can accept the form of payment now. It'd be nice if we can get a crapload of us to do so with some of the bigger traders like you vDub to do so
Rent from me!!
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vDub
| | #5 posted April 2, 2008 at 4:16pm (EDT) |
I'm signed up, but here's a question: does the person need to have an account in order to receive money?
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thegill321
| | #6 posted April 2, 2008 at 4:17pm (EDT) |
i got this message when i tried to sign up
Unfortunately, we are unable to verify the information you provided, and therefore an account cannot be opened at this time. We will send you an email explanation or request for additional information soon to the address you provided.
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AlphakirA
| | #7 posted April 2, 2008 at 4:19pm (EDT) |
I believe so. According to their site: "Want to send money to someone who isn’t a MoneyExchange accountholder? Simply log into MoneyExchange and complete a request to send money to their email address. They will get an invitation to sign up. Once they’ve completed registering for a MoneyExchange account and the recipient has accepted the funds, and the funds will be posted instantly to the recipient’s account."
So yeah, it looks like it, BUT you could always just put the money into your checking account and pay another way whether through the demonic method of paypal or whatevs.
Rent from me!!
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Gevis
| | #8 posted April 2, 2008 at 4:44pm (EDT) |
Free Money is a big Thumbs up. |
HungryWolf
| | #9 posted April 2, 2008 at 4:51pm (EDT) |
thegill321 wrote:
> i got this message when i tried to sign up
>
> Unfortunately, we are unable to verify the information you provided,
> and therefore an account cannot be opened at this time. We will send
> you an email explanation or request for additional information soon
> to the address you provided.
>
Got this too. |
MolestoTheClown
| | #10 posted April 2, 2008 at 4:52pm (EDT) |
I would sign up, but then you would benefit from the referral, so I won't do it just to be a prick. Make sure to download the new CoD4 maps tomorrow so I can frag you in a whole new set of environments.
 |
Gevis
| | #11 posted April 2, 2008 at 4:52pm (EDT) |
Me also, perhaps too many people signed up and theyre stalling so they dont have to give 25 dollars to everyone lol |
_kate_
 
| | #12 posted April 2, 2008 at 4:55pm (EDT) |
Only open to US residents? That's lame.  |
benstylus
(frozen)
| | #13 posted April 2, 2008 at 5:12pm (EDT) |
worked for me. $25 Get!!
I would have signed up under you alpha, but there wasn't any referral link or any "who referred you" field...
You're arguing for a universe with fewer waffles in it.
I'm prepared to call that cowardice. |
mmm40x
 
| | #14 posted April 2, 2008 at 5:12pm (EDT) |
Been with them for 2 months. Not a single problem. |
Richie
 
| | #15 posted April 2, 2008 at 5:14pm (EDT) |
I signed up for them awhile back, but I don't know...
"I need a revolution money exchange loan" doesn't have the same ring to it. 
 |
Shadowrunner
| #16 posted April 2, 2008 at 5:19pm (EDT)
edited April 2, 2008 at 6:13pm (EDT) |
Can I have the people in my house create accounts and just send me their 25.00? + use me as their referral?
EDIT
Just had my Mom, and Aunt sign up for this. Got my 10.00 each and they both sent me their 25.00 |
invisibleink
| | #17 posted April 2, 2008 at 5:30pm (EDT) |
i wont sign up until john has given this the thumbs up! |
thelazyone22
| | #18 posted April 2, 2008 at 6:39pm (EDT) |
They require you to give them your SSN, unlike Paypal, if I'm not mistaken. |
Yamas
| | #19 posted April 2, 2008 at 7:36pm (EDT) |
This part of the privacy policy kinda scares me:
INFORMATION WE COLLECT
We collect information about you from the following sources:
* Information we receive from you, including information on applications or other forms, such as your name, address, social security number, assets and income;
* Information about your transactions with us, our affiliates, or others, such as your account balance, transaction and payment history, parties to transactions, and credit card usage; and
* Information we receive from a consumer reporting agency, such as your creditworthiness and credit history.
INFORMATION WE DISCLOSE
We may disclose all of the information that we collect, as described above. You may opt out of the disclosure of such information, other than as permitted by law.
Sounds like they can disclose our SSN
mackey wrote:
> One day you'll see the trade: bill gets: $50 Walmart
> Gift Card, BoB gets: GameTZ.
Check out the GameTZ Freebie Forum |
vDub
| | #20 posted April 2, 2008 at 8:13pm (EDT) |
Q. How else does MoneyExchange assure me about its level of security?
A. Our number one priority at Revolution Money is to maintain a high level of security, as we know protecting your financial information is a primary concern when registering with our service.
You might wonder why we ask for certain pieces of information that you may be nervous to share, such as your Social Security Number. We would not ask for any information that was not necessary to enable the security we promise to you. Also, to help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.
With identity theft on the rise, we use your Social Security Number to confirm your identity by cross referencing it against other personal data you provide. This way, if someone were to get a hold of your Social Security Number, a MoneyExchange account could not be set up in your name without knowing your other personal information. So, sometimes it may seem as if you have to share more information about yourself, but in the end it actually protects your financial information to an even greater degree.
Finally, we have set limits on adding, sending, and receiving, money to or from your account to help guard against fraud. It’s not that we’re trying to control your spending behavior. We came up with the idea of MoneyExchange because we wanted to make it easier for you to exchange money with others, not to impose limits. But we also have to be concerned about fraud, so we have set up limits on how much money can move between accounts each day to limit the risk that there is any fraudulent behavior. Again, protecting your money is our utmost priority.
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ChosenWarrior
 
| | #21 posted April 2, 2008 at 9:01pm (EDT) |
I signed up, ironically right after i did with Paypal |
Pyramid_Party
| | #22 posted April 2, 2008 at 9:16pm (EDT) |
I signed up to this a while back, and I tryed to pass it on to a few and they immediately dismissed it and didnt wanan give it a try. AlphaKira, you have to send out emails if you want the refferal. I may just close my Acct there, right now you can only pass around money to members and theres no sites, that I know, That accept there money as a payment. This site does look a bit promising, also if you do a little research on them you can see people boasting about how good the site is. I havent found any complaints about them yet.
Also to those that couldnt sign up, It happened to a friend of mine. I dont know why their Application didnt go through.
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Visit My PSP Modding Discussion Forum! |
ChosenWarrior
| | #23 posted April 2, 2008 at 9:17pm (EDT) |
Actually i posted early, they said they couldnt verify some crap so they'll be sending something in the mail, the actual mail, whatever |
benstylus
(frozen)
| | #24 posted April 2, 2008 at 9:22pm (EDT) |
At my job, I deal a lot with financial institutions, and one of the main reasons they have when they say they can't verify information is when someone has no credit history.
The second biggest one is when they accidentally mistype someone's social security number and it doesn't match up.
You're arguing for a universe with fewer waffles in it.
I'm prepared to call that cowardice. |
ChosenWarrior
| | #25 posted April 2, 2008 at 9:23pm (EDT) |
1st one fits for me, i have no credit history, actually got my first debit card in the mail today |
redskinsrule
| | #26 posted April 2, 2008 at 9:32pm (EDT) |
Is it safe to give them my ssn? |
thelazyone22
| | #27 posted April 2, 2008 at 9:45pm (EDT) |
redskinsrule wrote:
> Is it safe to give them my ssn?
Good question.
Two ways to look at it:
1) Everyone singing their praises will tell you: "FDIC, insured, look at the guarantees, only to verify your identity", etc. etc. It's a fairly good sell.
2) Your SSN is going into a database which increases the POTENTIAL to be exposed dangerously. No matter the guarantees and backing and whatever, the fact is, you are giving away a piece of very important information.
Some people don't seem to have any problem; myself, I'm satisfied from what I get out of Paypal for my personal purposes, so I'll sit and wait on this one. For someone who feels fees are unacceptable, perhaps not. |
Redskins
| | #28 posted April 2, 2008 at 9:53pm (EDT) |
bahhhhh SSN. I can't see my parents telling me what it is. |
Xena
| | #29 posted April 2, 2008 at 9:59pm (EDT) |
i just signed up and invited a couple friends.
Visit the Guild Wars Forum |
Noltillian
 
| | #30 posted April 2, 2008 at 10:19pm (EDT) |
I'm going to sign up. First one to send me a referral gets the free money.
 |
Bishop
| | #31 posted April 2, 2008 at 10:48pm (EDT) |
Noltillian wrote:
> I'm going to sign up. First one to send me a referral gets the free
> money.
>
>
Check your email. |
Xena
| | #32 posted April 2, 2008 at 10:49pm (EDT) |
Noltillian wrote:
> I'm going to sign up. First one to send me a referral gets the free
> money.
invite sent
Visit the Guild Wars Forum |
Noltillian
| | #33 posted April 2, 2008 at 10:52pm (EDT) |
I got a few invites but the first one I received was from Bishop. Thanks.
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Xena
| | #34 posted April 2, 2008 at 10:52pm (EDT) |
CRAP! 
Visit the Guild Wars Forum |
Boss
 
| #35 posted April 2, 2008 at 11:01pm (EDT)
edited April 2, 2008 at 11:03pm (EDT) |
Sign up under me and I will split my refer bonus with you ($5)!
PM me. |
HungryWolf
| | #36 posted April 2, 2008 at 11:18pm (EDT) |
Why the fudge wouldn't you just sign up under Alpha? |
Boss
| | #37 posted April 2, 2008 at 11:19pm (EDT) |
HungryWolf wrote:
> Why the fudge wouldn't you just sign up under Alpha?
Cause you get $5 more? You know.. $25 + $5 = $30. $30 > $25. |
Boss
| | #38 posted April 2, 2008 at 11:24pm (EDT) |
If Alph has a problem with my post though I will remove it. I don't want to thread hijack, just figured if all the info is right here I would post rather than start a new one. |
HungryWolf
| | #39 posted April 3, 2008 at 12:32am (EDT) |
Point is, you're a douche. |
Redskins
| | #40 posted April 3, 2008 at 12:35am (EDT) |
HungryWolf wrote:
> Point is, you're a douche.
GO EAT A SHEEP
? |
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