Free Money: $25 to Topple PayPal?

Categories: Investing |

It appears that PayPal has a little competition. Are they shaking in their boots? Maybe they should be.

Revolution Money Exchange is the name of the company that’s seeking to topple the e-Bay-backed indomitable PayPal. And they’re trying to get you hooked by giving you free money, $25 to be exact, and more if you’re willing to get your friends to sign up.

Revolution Money Exchange is advertising free services, which is their selling point over PayPal. I don’t know if you’ve noticed, but PayPal has become rather pricey as of late. They like to take their chunk of the transaction. The only services Money Exchange is currently charging for are withdrawing money by check (instead of directly to your checking account), stop payments on checks, overdrafts, paper statements, and returned ACH.

It looks like a pretty safe enterprise. It’s FDIC insured.

The word isn’t out yet on whether eBay will cooperate with Revolution Money Exchange. But it would be great for using to sell items, to pay freelancers, and to split bills.

And the $25 for signing up never hurt anyone. Investigate, and let me know what you think.



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