RevolutionMoneyExchange.com - Send Money Online

MoneyExchange is a web-based alternative for sending and receiving money. A service like this stands as a convenient way of exchanging money with friends and colleagues who are also accountholders, not to mention online retailers. The system is actually free – registration is inexpensive, and the same goes for sending and receiving money.

A “How It Works” subsection provides insight into the system and its implementation. Basically, once you have signed up you must designate a bank account to link to your MoneyExchange account. Then, you provide the e-mail address of the person you wish to send money to and select the amount. In this step of the process you must also include a personalized message that will accompany the request that is sent to the other party. Once the person receiving the payment accepts this request, you receive a confirmation e-mail. It the intended recipient is not yet an accountholder, he can become one easily upon receiving the payment.

As it should be the case, the website places a lot of emphasis on the security considerations at play. A PIN is required for sending money from a MoneyExchange account, and the security features are listed one by one on the site. The current transaction limits are described as well.

“MoneyExchange is an easy way to send and receive money between accountholders—anytime you are online. Pay a friend back for dinner without hitting the ATM. Give a roommate your half of the rent without writing a check. Send a sibling cash to cover your half of mom’s present —without mailing a thing.”

It makes sending money over long distances more practical and uncomplicated.

What are the security features of the featured system? Will the existing limits be modified in the foreseeable future?