May/082
Finally, an alternative to paypal.
While reading some blogs on money, I came across this article about how paypal is so profitable. I found out some things that made me see exactly how greedy they are. First, all of the money that runs through paypal and eBay is stored in a bank account, a bank account that they get interest on, which is probably an enormous amount. Secondly, the fees. They take fees on top of taking all the interest that they make off of your money, greedy isn’t it? This isn’t a paypal bashing post so I should stop before I get going on their total lack of seller protection.
Now it’s time to get back on track. This post is supposed to be about this new online money transfer service I found called Revolution Money Exchange or RME as I will refer to it throughout this article. RME is a service like paypal in many aspects, but it is so much different from paypal at the same time.