Friday, April 25, 2008

Get $25 free!

Ok guys, this is going to sound fishy, but I've done lots of research on it, and it's legit. There's a new competitor for PayPal, called Revolution Money Exchange. It was started by the vice chairman of AOL, and the founder of AOL, and they are wanting to get people away from PayPal by offering the same service (transferring money online), but with no fees like PayPal charges.

Anyway, if you sign up before May 15, you get $25 just for opening a free account (I already have the money in my account from signing up).

When you sign up, they will ask for you SSN, which is what made me suspicious. However, like I said, I did lots of research on the company, and here are a few things that made me comfortable enough to do it:
  1. They were founded by legitimate, well-known businessmen (Steve Case of AOL for one)
  2. They are financially backed by Citi, Morgan Stanley, and Deutsche Bank
    Here's the link to their about page: https://www.revolutionmoneyexchange.com/WebSite/AboutUs.aspx
  3. Accounts are provided by First Bank & Trust, Brookings, SD, an FDIC member
  4. Here's an article about them in USA Today; here's one from TechCrunch; one from FireFinance; LOTS more can be found with a simple search
  5. There are lots of people on the internet posting pictures of the checks they've received, and comments on lots of blogs about how it worked for them
    Here are a bunch of comments; here is a picture of someone's check
Anyway, thought you might want the free $25!! After signing up, make sure you go into "My Account" and click on "accept" to actually get the $25. Then you can add bank account info for a direct deposit, or if that scares you, you can request a check.

To sign up, click here (if you use this link, I'll get $10 for referring you!). Let me know what you think/decide to do.

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