Now consumers and merchants alike can trade monies online (currently in the US Only) with no fees, thanks to Revolution Money Exchange. Founded by Steve Case, founder of AOL, Revolution Money Exchange is in it’s beta (trial) period as a new online money exchange or trade company. And they are acquiring new customers in a smart way by not only offering $25 for new sign-ups, but also giving new members a chance to earn up to $500 just for referring others (until 5/15/08).
The company just made it’s debut in November 2007, but seems to be growing rapidly – I’m guessing because of it’s free money promotion and fee free transaction schedule. Although, the option to trade funds is currently only available to US Residents, I believe Revolution Money Exchange will be a new currency trading revolution. Since they are a US Member FDIC Bank, unlike Paypal and others, people should have no reservations or concerns about opening an account with Revolution Money Exchange. All transactions are guaranteed to be safe and secure.
Of course, since they lack a credible history, it’s hard to tell where the company will stand in the future against scammers (since there are, unfortunately, so many of them out there). But from the look of things, they seem to have it together so far. I put a credit block on my credit with all 3 major credit bureaus a few years ago (due to identity theft) and because of that, my new account application with Revolution Money Exchange was in a pending status for a few days until I faxed them proof of ID. So, for me, that’s a good faith star they’ve earned in my book for a promising safe and secure money trading future.