There is one more payment processor available online called https://www.revolutionmoneyexchange.com/ I am excited to know how many of you use it? Do you think it will grow and give a strong competition to PayPal?
So far, not much people using it but if many people start to using it why not us? As long the business is legal and legit then we should have a new option of using it. I dont think that the payment processor can withdraw directly to the bank for the international member rite?
I've used it so far and mainly for the free signup bonus. People tend to get turned off by the name and consider it a "scam" for some reason. I don't think that it'll be direct competition with PayPal since currently, you can only fund your account with your bank account.
I signed up today myself after receiving an invite from a client that uses them. I found this thread during my research of the company in Google. While there is NO information on Revolution LLC (which revolutionmoneyexchange claims to branched off of), there are a few articles about revolutionmoneyexchange itself. Here's an article I liked from a guy that's used them a few weeks now: http://www.profy.com/2008/02/14/moneyexchange/ While google serps seem to be overflowing with articles & forum threads on how Nice this is going to be & the $25.00 sign-up bonus until the end of march, I must say that my only worry came in when giving some of the personal info NOT found with other processors. I have signed up with processors such as PayPal, Stormpay, Bidpay, Moneybooker, Alertpay, & MORE. The thing that paranoid me was that revolutionmoneyexchange is the Only processor that asked form not only my address & date of birth (Common), But my Social Security # as well. None of the processors prior asked for this, & the paranoia sets in when you think about Identity theft & how many scams have gone on to harvest info.. Heck one only needs a name, address, date of birth & social security number in order to create an identity. & to think that they got the info for $25.00 just to resell for $5,000.00 can send a chill up ones spine. Other than that, I think its ok.... Only reason I signed up is because I have nothing to lose with my identity, Heck I couldnt give it away if I wanted too - LOL - So even if they turn out to be bogus, I'm at no loss At any rate, I'll be testing them for a while & keep everyone posted, I may even write an article myself about it after time. Good luck everyone!
The main reason for needing a SSN is because they're FDIC insured. In which most other payment processors are not.