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**Kristijntje** · 09-27-2007, 03:49 PM,

Quote:AOL cofounder Steve Case has launched in beta-testing an online payment service that appears to compete with eBay's PayPal payment service. Revolution MoneyExchange's money-transfer service is, according to a company press release, "the first online payments platform for social and instant messaging networks, allowing consumers to safely transfer funds via the Internet to anyone, even merchants, for free."...

full article: http://www.auctionbytes.com/cab/abn/y07/m09/i27/s02

sneakymagenta · 09-27-2007, 06:17 PM,

https://www.revolutionmoneyexchange.com/
https://www.revolutionmoneyexchange.com/...edule.html

Boucher · 09-27-2007, 10:02 PM,

Very interesting and thanks for the heads up.

Looks like they have experienced people to run it, an actual bank to take care of those pesky privacy and legality concerns and it's being backed by Citi, Morgan Stanley and Deutsche Bank?

How will eBay be able to say no, lol?

BellisimaJ. · 09-28-2007, 12:58 PM,

Quote:How will eBay be able to say no, lol?

They'll find a way. Tongue2

**amy** · 09-28-2007, 03:54 PM,

It would be nice if the Revolution Card's 0.5% Interchange rate forced MasterCard and Visa to lower their 1.9% rates.

sneakymagenta · 09-30-2007, 04:31 PM,

Quote:How will eBay be able to say no, lol?

Easily---the same excuse they use to justify banning Google Checkout:

Quote:Whether the payment service has a substantial historical track record of providing safe and reliable financial and/or banking related services (new services without such a track record generally cannot be promoted on eBay)

http://pages.ebay.com/help/policies/acce...olicy.html

**amy** · 10-01-2007, 06:25 PM,

Ditto what the shark said--eBay will definitely say no. Revolution will be a threat to PP's person-to-person business (GC isn't because it doesn't allow p-to-p tranfers) and eBay will definitely fight back.

**Kristijntje** · 11-10-2007, 12:29 PM,

Revolution MoneyExchange officially launched yesterday:

Quote:Ted Leonsis wants you to pay bills and transfer money online in a new way, with no fees.

The entrepreneur and vice chairman emeritus of AOL has teamed with AOL founder Steve Case in a venture called "Revolution Money," a kind of combination credit/debit card and online payment system. It's a unit of Case's Revolution, which has launched several other companies.

The RevolutionCard launched in September. Revolution MoneyExchange has launched, aiming to take on online payment leader PayPal by offering free money transfers online at revolutionmoney.com...

Revolution's target market is the millions of young people who spend hours online at social networks.

"We want to be to social networking what PayPal is to eBay," says Leonsis, chairman of Revolution Money...

full article: http://ecommercetimes.com/story/You-Say-...60255.html

jezebel · 11-11-2007, 03:09 AM,

They did a half assed launch

Tools For Merchants Wrote:Coming soon!

Tons of great tools to grow your business, know your customers, and increase your profits.

http://www.revolutionmoney.com/for_merchants.aspx#

: Smile

sneakymagenta · 11-13-2007, 10:16 PM,

Quote:You may add value to your Account a maximum of 30 times per calendar month. The maximum value load you may place on your Account is one thousand dollars ($1,000) per day and two thousand five hundred dollars ($2,500) per calendar month. The maximum Account balance you may have on your Account is two thousand five hundred dollars ($2,500).