PayPal alternative, finally

by User ImageSteve Gerencser

Refer A Friend using Revolution Money Exchange I have made no secret of my dislike of PayPal. There has always been something loan sharkish about them. Often there is no recourse when they do something against you, they have become a haven for people of questionable ethics, and they are totally unregulated yet pretend they are a bank. I like my banks with rules I can count on.

Enter Revolution Money Exchange. Based in St. Petersburg, FL, RevolutionMoneyExchange is actually using accounts issued by a real bank with real rules! First Bank & Trust, Brookings, SD, is a real bank, a member of the FDIC, and is part of the Fishback Financial Corporation.

RevolutionMoneyExchange isn’t some basement operation either. Started by Steve Case, co-founder of AOL, it has received venture capital funding from Citi, Morgan Stanley, and Deutsche Bank.

Just to make their startup spectacular RevolutionMoneyExchange is giving everyone that signs up between now and April 15th gets $25, FREE! It also sends me $10 for the affiliate code used in these links, so please, use my affiliate code. Even if you don’t use my code, sign up, take the free money. And let’s start putting the hurt on PayPal. Maybe this will spur them in to adopting some real oversight. But I doubt it.

Rate this:
2.5

  1. 3 Responses to “PayPal alternative, finally”

  2. By anon on Apr 12, 2008 | Reply

    Rev Money is great for the 8 people who use it.

  3. By no imageSteve Gerencser (Check me out!) on Apr 12, 2008 | Reply

    True, but PayPal started out small as well..

    Rate this:
    		2.5

  4. By no imagelaura (Check me out!) on Apr 27, 2008 | Reply

    we need to find more people to use this, this is far better than paypal from what I can see, the only thing i dont like is I dont see a atm card, anyone if there is one?

    Rate this:
    		2.5

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