Comments on: $25 Free with Revolution Money Exchange

By: Patrick

Patrick — Fri, 13 Jun 2008 00:57:40 +0000

Inhouston,

I wasn’t aware that RME didn’t have any consumer protection. I have used RME with no problems, but I have only used it for a few minor transactions. I’m sorry to hear you had this issue with them. At the minimum, RME should open an investigation, and I hope they do that. To open an account, one must register their SSN, so hopefully RME will be able to track the person down. If not, you may be able to track them down if the “buyer” wasn’t careful. I hope you get the jerk who did this. Good luck.

By: lnhouston

lnhouston — Wed, 11 Jun 2008 22:03:33 +0000

I used RME to accept payment for a laptop valued at $1150. I sold it for $700 plus express shipping of $55. I went to withdraw my $755 directly to my bank account and was denied and account locked. Seems that the sender had NSF and the payment from the sender’s bank was returned and I’m out my $755 and a laptop. There is no seller or buyer protection with RME. I have to go after the person that I sold the laptop to. Even though a person has to add funds from their bank account and have them clear before payment can be sent the funds can come back as NSF because they don’t directly clear from their bank account (does that make sense?) So I’m screwed!

By: Baron

Baron — Mon, 02 Jun 2008 15:45:22 +0000

Okay, so I signed up on the 22nd of May to xfer some money from my checking acct. The money was taken from my account but the RME still has this pending. This may be a free service but I could have sent a check in the mail and the transaction would hve been done by now.
So I will be done with RME after this.

By: Upset at RME

Upset at RME — Fri, 30 May 2008 18:35:37 +0000

Patrick,

I just thought I’d update you on my RME issue. My bank refunded all of the fraudulent charges, so I’m ok there. I contacted RME and they didn’t really explain much. They just said they they saw the issue and it was resolved (they didn’t offer to refund my money or anything). I then got an email telling me that my account had been suspended due to suspicious activity. I think it’s disconcerting that they confirmed that there WAS suspicious activity on my account. I guess that was better than denying it, but I would still be wary. That said, it IS possible that the link could have been redirected, and that it wasn’t an error on their part. They were pretty vague in their message. Thanks for your concern, though! I would pass it on!

By: Patrick

Patrick — Sat, 17 May 2008 00:07:07 +0000

Upset at RME,

I am very sorry to hear about this! I have not heard of anything like this before, and I’m sure RME would like to know about this. From everything I can tell, RME is on the up and up. It is possible that somehow the link was redirected and your information was somehow stolen.

The first thing you should do is contact your bank to let them know there has been an instance of fraud. Then I recommend contacting the police to file a police report. Then, consider contacting RME. They may be able to help find the thieves who did this, or more likely, find a way to prevent this from happening to someone else.

RME is backed by some prominent businessmen who would not allow something like this to tarnish their reputation. One of them is Ted Leonsis, who is a longtime executive at AOL and remains prominent in the business world. I will forward you his e-mail address. I’m sure he would like to hear about this.

I truly hope you get this situation settled, and I hope you will contact me with updates. I am interested to hear how this turns out.

By: Upset at RME

Upset at RME — Fri, 16 May 2008 21:41:03 +0000

I signed up for RME the day before last, and for some reason, one of the “Continue” buttons wouldn’t work. I just gave up, but the website still had all of my information, my account registration just wasn’t complete. Early in the morning, all of my information was stolen and someone spent 1500 dollars from my debit account. I hadn’t given any other information to any new sites in months, either. This has never happened to me before, and I’ve been using paypal for years. I don’t “know” that it was RME, but I would be seriously wary.

By: Patrick

Patrick — Fri, 02 May 2008 14:11:38 +0000

leverbeeva, When I made an online transfer to my accounts, I think it took 3 or 4 business days. I recommend checking with your bank, or contacting RME’s customer service dept. They were helpful when I had to contact them.

By: leverbeeva

leverbeeva — Fri, 02 May 2008 12:25:19 +0000

I signed up and recieved the instant $25.00 + $20 in referrals. I also sold and received payments from ioffer.com (totaling $668). I requested a transfer to my linked bank account and I have not received it yet. Its been 4 working days so far…I am still waiting for funds to show up in my bank account.Anyone else transfer funds to bank, how long did it take to post in ur bank account???

By: $25 From Revolution Money Exchange

$25 From Revolution Money Exchange — Fri, 11 Apr 2008 11:10:57 +0000

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By: Patrick

Patrick — Thu, 10 Apr 2008 02:38:18 +0000

Mark, I think they make money from interest on the money held in the accounts - because the money held in individual accounts does not earn interest for the account holder.