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  #1  
Old 02-21-2008
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Default Revolution Money Exchange

http://www.revolutionmoneyexchange.com/
Anyone use this? Alternative to paypal BUT IT'S FREE!
just can't process credit cards.
send or recieve money free...
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Old 02-21-2008
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It requires your SS# :(
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Old 02-21-2008
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I posted a review in the merchant account forum. This company is doomed as long as they ask ppl for their ssn.
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Old 12-14-2008
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The company demands the social security number and won't take EINs. They won't let businesses have accounts because businesses use EINs instead of SS#s. This is a problem because if you register a business that's a separate legal entity from you, it can't have an account wit them. To open a business bank account not as a sole proprietor, it's the EIN and they don't even look at the SS#.
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Old 12-14-2008
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im a little confused, if it cant process credit cards, whats their purpose?

not many people pay with bank transfers, its usually credit / debit cards
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Old 12-15-2008
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Online credit card payment is full of buyers scamming sellers and they have 6months to a year to surprise the seller with it, banks often hide it for two months, and banks encourage and support friendly fraud all they can.

The electronic gold services are a pain because they require expensive wire transfers to get in, conversion fees, etc.

eChecks take time to settle and have fraud problems similar to credit cards, too.

Revolution Money Exchange lets people add funds as they are a bank, and then people can transfer that money without a wait. They're also free and if they charge, it'll be cheap. The problem is that the site is not set up for merchants at all -- no integrated checkout and won't let legal entities without social security numbers register.
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