Update On A PayPal Alternative

Concert Tickets

A few months ago I wrote about Revolution MoneyExchange as a PayPal alternative. Although eBay is understandably resisting the use of RME as a payment facilitator (they, of course, own PayPal), it couldn’t hurt to open an account if you haven’t already done so.

Some people have resisted opening an account because you have to give RME your Social Security number, but this is because you are essentially opening a bank account at First Bank & Trust of Brookings, South Dakota, an FDIC-insured institution, and banks are required by the Patriot Act to obtain your Social Security number.

If you’ve ever had your PayPal account limited or frozen because of, oh, let’s say, they were “concerned” that an item you sold on eBay may have been part of a fraudulent auction (even though you have a four digit 100% Feedback Rating), you’ll be happy to know that couldn’t happen at Revolution Money Exchange because your account there is essentially a federally regulated bank account.

Recently I received a Revolution Card in the mail from RME. This little card works just like a debit card, allowing me to withdraw funds from my RME account at nearly 150,000 locations, or even access the funds in my account at ATMs. It has no name on it for your protection, you just need a PIN to use it.

In order to entice account holders to use their Revolution Card, Revolution MoneyExchange will add $5 to your MoneyExchange account for each of your first three purchases of $25 or more. This is another great reason to open a Revolution MoneyExchange account.

Click here to check out Revolution MoneyExchange and open an account. Free money is just as good as any other kind.