How can you send money via PayPal so that the recipient does not have a percentage taken from the total amount?
67Fishback Financial
Alternative Payment Processor
There is a new payment processor competing with paypal.
I did a little researching as it is always prudent to do these things. I discovered that it is in fact FDIC insured, and The company Chairman is none other than Internet pioneer and AOL co-founder Ted Leonsis. Executives at the company include former United States Treasury Secretary Larry Summers, former Charles Schwab CEO David Pottruck, and former MasterCard International President and CEO Jason Hogg. Last but certainly not least, AOL founder Steve Case is chairman and CEO of Revolution LLC.
They also have backing from Citi, Morgan Stanley and Deutsche Bank. this is the group behind the processor Fishback financial. So, basically just setting up some competition to paypal. They will, of course, have fees for some services, but others, like withdrawals will be free. One major difference will be that it is only be available in the U.S,(for the moment) whereas paypal is available in 190 countries. However, that is originally how paypal started only in the U.S. and RME is in beta.
You will need to click on the link below and it will take you to a signup. then you will simply Add your banki's routing number and your account number. They will make two small ACH deposits within two days, so you will need to verify those small deposits.
you will get $10 for new account holders must be 18 yrs old. vrajavala@gmail.com I believe you can send money to your friends without a percentage being taken out.
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so sorry but that offer expired. however this is still a pretty nice service and is going to be on par with paypal. It hasn't gone internatonal yet, and, if you have an account when they do go international, you will probably be in a good position to promote it and they will probably bring back this offer. My understanding is that now, if you have an account and someone signs up from your link you will receive $10. I use both. Paypal takes out a fee when a friend sends me a payment, but Revolutionary Money Exchange does not.
Thanks vrajavala, but if I can help it, I'll never give Steve Case or anyone to do with AOL another cent. AOL = the worse ISP in the universe. No offense to you of course.
AOL founder... yeah scares me considering how bad they were/are as an ISP, then again PayPal hasn't been much better in my experience with a few times transfers being lost in transit or not processed making the recipient of my funds wait up to 3 weeks. instead of 5 business days, for me 5 business days is ridiculous to begin with, a ank to bank transfer or western union is instantaneous, but sadly many people I deal with will only go through paypal. Screwed no matter how you look at it I feel. If paypal could make transfers faster or a similar service could, then I'd be behind them 100%
tmondo says:
16 months ago
Can you please a little more descriptive about that payment processor that pays you $25 to sign up?