It’s not a platinum AMEX, but MoneySwitch is a gold mine. Think of it as the new frontier in banking. MoneySwitch specializes in online money transactions using a debit credit transaction processing platform. It’s a purely IP-based network and it’s open source so the system is extremely flexible and adaptable. Any bugs it runs into can be easilty remedied . So what does all this mean exactly? MoneySwitch will shuffle your money (e-money, that is) around for you. So if you need money from your PayPal account to transfer into, say, an Egold or MoneyBookers, MoneySwitch will do it within 48 hours for a nominal fee. They also offer an option to change e-money to check or cash or vice versa- cash into Paypal or MoneyBookers. The demand for online currency exchange is large and MoneySwitch is currently up for grabs at Sitepoint.com for a modest fee of $7,000.
“If you want to transfer your money between E-Gold, PayPal and Moneybookers then look no further. We will take your unwanted money and send you money in a form you want it.”
MoneySwitch certainly feeds a large demand for online currency trading. It makes transactions easy and hassle free. The rates are reasonable and the options are plentiful. The company is for sale, and it could be a good buy—it’s got extremely low overhead and plenty of demand.
Will MoneySwitch be accepted as reliable and trustworthy. There are a lot of ponzi schemes and money scams out there. Will MoneySwitch become an outlet for scammers?
