Comments on: Today’s Internet Money Revolution

By: ace

ace — Thu, 18 Jun 2009 08:26:35 +0000

I never had a problem with RME yet. You can use RME with the Abundant Living System providing the inviter accepts RME. I love RME despite the 2500 monthly limit. It’s not a bad thing to actually have a limit in place, as I have heard horror stories from those who had been fxxked from using paypal and how some people had thousands of dollars stolen from paypal via false complaints from buyers on sites like ebay and such.

By: Interrobanger

Interrobanger — Thu, 27 Sep 2007 15:25:00 +0000

Thanks, Mark. You’re right, that could be huge. The merchants I know haven’t even been asking for Visa and MasterCard to abolish the interchange fees, just to make them cost-based (because they make a LOT of money off them, and use them to pay for card rewards). Would they like no interchange fees? Well, sure! So this could really move the ball forward. I know I’ll open an account when it opens up for real, hopefully soon.

Oluniyi, I hear you. But if it catches on here, it’ll expand internationally in no time. That’s another great thing about having an experienced business team behind this project.

By: Oluniyi David Ajao

Oluniyi David Ajao — Thu, 27 Sep 2007 05:28:51 +0000

I am not excited at all.
RevolutionMoney cards are currently limited to the United States.

By: Mark

Mark — Wed, 26 Sep 2007 22:08:21 +0000

Thanks for your comments, I agree. The AIM plug-in, if it works as they say, will be an amazing addition to our online payments arsenal. I’m quite surprised the Anti terrorist Financing blogger are not all over going for a block!

Also the no interchange fee is truly a ‘new invention’ in itself. We’ll have to wait and see how they will allow direct funding of the accounts, and how International the program will be, we have many readers from Europe and Africa.

Thanks again for your comments.
Mark

By: Interrobanger

Interrobanger — Wed, 26 Sep 2007 21:10:10 +0000

I think Revolution Money and its Gratis/Revolution Card could really catch on. Several reasons.

One, merchants have been looking for something, anything to compete with Visa and MasterCard. See UnfairCreditCardFees.com (note: I am affiliated with this site) for more on why.

Two, the AIM distribution is genius. It’s probably AOL’s best and most underused asset at this point, and practically everyone has it.

Three, also on the board is a former CEO from MasterCard. Who would know best how to knock the feet out from under the payment card industry than a former card exec?

By: Mark

Mark — Wed, 26 Sep 2007 02:06:34 +0000

Thanks Steve, Xoom is excellent I think we often need a reminder that there are excellent alternatives to Western Union and Moneygram. Its a big online world and only getting bigger. Thanks for your comments.
Mark

By: Steve

Steve — Wed, 26 Sep 2007 00:43:07 +0000

Mark,

The global marketplace is indeed getting smaller with new innovations and technologies.

For 3rd world developing nations that are usually not included to receive “payments” from the international buyer, there is always http://www.xoom.com and http://www.remit2home.com as a method to receive international payments.

Keep up the good work!

Steve