Goodbye Paypal, Hello RME!

Are you sick of all the fee’s that paypal has? Don’t be afraid to give Paypal the boot. Now there is a better alternative: Revolution Money Exchange (RME).

There are absolutely no fee’s to send or receive money, there are no sign up fee’s. And even better? If you sign up before the promotion is over you get $25 deposited into your account just for signing up (HINT: If your spouse signs up too that is $50)! Also, for every friend you refer to RME you get $10! There’s no catch to the money at all. You sign up and then wha la, it’s there. You can use the money anywhere on the internet that accepts RME payments or you can connect your regular bank account to your RME account and transfer the money to your bank account (also free).

Unlike Paypal, RME is a real bank account albeit only an online one. It is FDIC insured and as such you need to disclose your SSN to sign up. So what’s the catch? Why would someone go to all the length to set up a free money exchange service and give such large incentives for joining? It is on the FAQ’s on their site but basically they are not intending to and know they won’t make any money off of RME. RME exists basically as free advertising and a lure to get people to sign up for their credit card which is where all their money will be made. Obviously there is no obligation to sign up for their credit card but you can bet you’ll receive an offer for one.

All in all, I’m impressed. Within minutes of signing up my husband and I had $50 between the two of us to spend any which way we liked. Awesome.

I have a link to RME on the sidebar. I would love it sooooooo much if you would use that link to sign up for RME because then I will get the $10 referral credit and it will go to a good cause…the upcoming baby (specifically a car seat and diapers). LOL. Um yes, that is my shameless attempt to beg $10 from you. Hey, what is there to loose? You can sign up for the account and if you decide not to ever use it again you still got a free $25.

P.S. Let me know if you need help hooking up your bank account to your RME account so that you can just deposit your money into your bank account. Also, I can convert RME funds to Paypal or visa versa for a small fee. Just email me (sidebar).