Perfect Money

PerfectMoney! Unless you’re getting exceptionally long in the tooth, everyone does business online. Whether you like to shop on Amazon, get paid through bank wires, or dole out freelance work via PayPal, you know how cool and risk e-transfers are.

One of the risks we all worry about is money not going through, being misdelivered, or even worse, stolen by cyber pirates.

Another frustration when it comes to doing business online is dealing with different currencies people use. Some people may use American dollars; others prefer a currency with a better exchange rate like Euros. Then there is the increasing number of e-commerce folks who like using cryptocurrencies.

Perhaps the third most common issue I’ve encountered is transferring money between different clients using different methods. And that will require having access to a bank account or some other form of accepted savings service.

With the first issue, you can get a VPN, but that might not be enough. It can be a pain in the ass to use serval services to convert money between currencies, and transferring money can be irritating, too.

To quote the commercial cliché, if only there were a better way. Allegedly, Perfect Money can handle all of these services and more, so let's see if they can below.

This Is What Perfect Money is All About

On its face, this service does a helluva lot claiming to be a new generation of internet payment service. In addition to being a means of exchanging money, Perfect Money is part bank, part security service, mixed in with a few other services. To make things concise but brief, I’ll do a breakdown of the major features.

Save and Stay Safe Online – The primary selling point of this service is that it is a form of e-wallet which is meant to be the only bank you will ever need. And like any good transfer service, all transfers are guaranteed to be fast and safe, so no worries about getting your hard-earned money stolen.

Works With All Business Plans – One of the biggest headaches when dealing in finance is putting up with all of the bullshit regulations.

Perfect Money takes some of that frustration out of the equation, having designed a system that should be compatible with most businesses in nearly every jurisdiction. And even if you don't have a business with a personal account, you can join as an individual.

Get Support At All Times – If time is as precious as money, then customer support is like iron-clad security. It's a good thing then that Perfect Money provides support through their secure ticket system.

In short, they claim to be the perfect financial transaction program – but do the facts back this claim up? Keep on going to find out…

There Are All Sorts of Stipulations and Transfer Fee Rates

As great as it is that there are a stellar seven ways to transfer money the rates, and there are additional stipulations when using those methods. Furthermore, some of them come with additional fees. Yeah, it sucks, but to be fair, a lot of that is due to the regulators. Anyway, let's quickly go over the most important requirements for transferring between methods and fees where applicable.

Bank Wire & Instant Bank Transfer – Deposits can be done through your bank using traditional SWIFT/IBAN numbers and should take a few business days – and withdraws are the same way. Instead, transfers are, of course, immediate and can be done from home or your place of business. All in all, this feature isn't different than using a traditional bank.

I should also add that Perfect Money does work with big banks such as Western Union, Money Gram, major debit/credit cards, and even various e-currency services.

Deposit fee: up to 0.5%

Withdraw fee: 2.85% plus bank fees

Cash Terminals – Like using an ATM service provided by a bank, you can deposit money into your Perfect Money account much the same way. Deposits are immediate, though the number of locations you can make a deposit this way may be limited or immense. For example, there are more than 150,000 locations in the Ukraine and Russian Federation, though this is not the case everywhere.

Bitcoin – Unlike other banks and some e-wallet services like PayPal, you can deposit or withdraw money using Perfect Money. The one catch is that you can only do so until you have three network confirmations.

Deposit fee: up to 0.0.%

Withdraw fee: 0.5% (for instant transfers)

I should also point out that that there are a few other fees you might have to worry about if you’re not careful when using this service. The most important is account maintenance, which, get this, is actually free, but getting your account restored will cost you $100.

When dealing with other users who use Perfect Money, internal transfers between standard verified and premium accounts will run you 0.5% of the total transfer, while unverified profiles will cost you 1.99%

Also, for some reason getting regular SMS messages from Perfect Money about any policy changes will cost you $0.1 per text. My advice to avoid all of that nonsense: just signup for their email news service or just follow them on Twitter @PerfectMoney.

Do You Like to Make Money? Become an Affiliate for This Program

Why not just make money with your business when you can make even more money with the people you bank with? With the Perfect Money affiliate program, you get 1% of the annual profit of your referral's minimum monthly numbers. That may not sound like much, but since this is a service ideal for business professionals who move big bucks regularly, you could net serious cash.

This site provides you with decent adverts, which you can plaster all over your social media profiles, blogs, or Perfect Money promotional landing page to be.

And unlike many other affiliate programs, which at most have ads in two or three languages, Perfect Money is trying to partner with people all over the world.

Besides having ads in just about every major European language, there are versions of ads in Japanese, standard Mandarin, and Korean; this program has been translated into Turkish, several Southeast Asian, and other tongues spoken throughout and around India.

In total, this system is compatible with readers in about two dozen languages! Talk about being pretty damn thorough, eh?

Just Make Sure to Pay Attention to the System Requirements

Another way you can make money with this site is by trading Perfect money currency for USD/EUR as well as alternative electronic currencies. If you do join this website being involved with the exchange program, there are some things you are going to need to be aware of. For example…

As the saying goes, nothing on the internet really disappears, and when it comes to this site, that is certainly true. All of your transaction details and other activities will be meticulously recorded. Therefore, you cannot delete anything from your account history if you get involved in exchanges.

I doubt I have to explain this to people in the financial game, but just if someone is new to this level of business and want to invest in this company as an exchanger, you'll have to sign up with the public information option.

This is because it engenders trust since customers can immediately verify account balances. There are more details to get, so be sure to give the FAQ and other pages a once over…and then reread it all.

And When Signing Up Be Sure To Read The Fine Print, Again

I tried to make this review as simple as possible, but there are some finer details which you should pay attention to. This is vital because you are dealing with one of the most essential things in life: your money. Also, because if you screw up, you might not be able to access your money as you want.

I should also point out that this is probably the reason why this website has got a fair bit of negative reviews. Generally, I have found that this is because certain internet rubes ignored how this website works.

I'll also add a few things which I'm not exactly thrilled about and would like to see improved. It is nice that you can exchange currencies, but your options are damn limited. You can only transfer between Us dollars and Euros or buy up gold and bitcoin.

That's cool and all, but since this site has been in development since 2007 and running since 2010, why can't you exchange between British pounds, Indian rupees, Canadian dollars, Japanese yen, and other commonly traded currencies? For that matter, why is it that Perfect Money hasn’t expanded alternate money buying options like litecoin and silver?

Lastly, Americans cannot get an account. Sorry, Yanks.

Do I Think This The Perfect Financial Support Program?

Now let’s sum up what this program is about for those who only skimmed through the article since I am oh so generous.

Perfect Money is a next-generation payment transfer system that allows members to send or receive money securely between clients, employees, or partners. Furthermore, you can spend your money on e-stores just like a debit card. More than that, since it uses specialty software, all transactions and savings are completely secure.

Like a sort of e-bank, you can also store money long-term and, unlike services such as PayPal, get interest on your savings. But unlike traditional banks, you can buy bitcoin, different currencies, and even gold, all with the same service!

Normally, you'd have to go through at least three or four different specialty businesses to get that kind of service.

That's not to say that this is a turnkey service, though. This is a highly technical company, so pay close attention when getting your account setup.