Get $25 free by signing up for Paypal alternative

I used to love PayPal. So did a lot of people. It was (and I suppose still is) a convenient way to send and receive money. It was especially good for eBay sellers, who could easily get paid for their auctions. Until eBay took over. Now I've lost count of the PayPal horror stories. Let's face it, the fees are high. Then you've got the issue of waiting to get your money. Never mind the issue of fraud. They make it sound so easy to resolve a fraudulent transaction. From everything I've heard, it's not easy at all.

There's now a new player on the scene: Revolution Money Exchange (RME). Quite simply, accounts are issued by First Bank & Trust, Brookings, SD. It works essentially like PayPal, in that you can receive and send money to other account holders just as easily. But (as of right now) there are no fees associated with the transactions. None. Zip. Nada. Even for "business" accounts.

The only "catch," if you could even call it that, is the other party needs an account of their own in order for you to transfer money back and forth. But right now... that's easy. Anyone who completes the sign-up process gets $25 in their account. No catch for that either. So go sign up and get your free $25. And you can get $10 for each friend you refer who establishes an account! I love free money!

Tracy L. Coenen, CPA, MBA, CFE performs fraud examinations and financial investigations for her company Sequence Inc. Forensic Accounting, and is the author of Essentials of Corporate Fraud.