I don’t know if you guys have heard of this company yet? If you haven’t then I will tell you about them. I heard about them a few months ago and was very curious about them. RME as many people call them works like paypal and Google payments except they don’t charge a fee to receive money. That’s right you can send and receive payments for free.

You can transfer money from your RME account to your bank account for free as well. They are FDIC insured, and you can add buy it (pay me) now buttons to your site and receive payments from your customers. Now they do charge fees for the following balance inquiry at an ATM, cash withdrawal from an ATM, lost or stolen card replacement, if you withdraw money by check, returned ach etc.

They send you an email like paypal when someone sends you cash. First Bank & Trust, Brookings, SD, Member and part of the Fishback Financial Corporation issue the accounts. Now in order for you to sign up for an account you need to be referred by someone who has an account. So when I signed up a friend referred me. Now, if you refer people and they sign up and get approved you can earn $10 per person, but you are only allowed to refer up to 50 people per year.

I like it for the fact that people can pay me and I can keep all of the money instead of paying a fee to receive. I hope more people decide to catch on to this and give paypal a run for their money. Maybe if enough people do, maybe paypal will follow suit. If you are interested in signing up or if you want more info visit them by clicking here!

That is a question I have asked myself lately, I think they are. Why? That is a truly simple answer Paypal. How dare they tell their sellers that they can now only accept Paypal as payment? Let me correct that the seller can also accept credit cards if they have a merchant account. How dare they tell their buyers how they can pay? So if you are seller you can only accept Paypal or you must have a merchant account with a third party, if you are a buyer you can only pay with Paypal or a credit card. This means that all the sellers that only accepted a money order or a check have to either accept Paypal or credit cards or be out of business. Then if you are a buyer you can only buy if you do the same use Paypal or your credit card.

I feel that eBay has gone to far on this one! And yes I feel they are greedy why because they own Paypal if you didn’t know that. So not only are they making cash with eBay they are going to make even more cash with Paypal. You know why they did this right? Because they were losing money, if a person pays with a check or money order that means they are not paying with Paypal which means eBay loses money. eBay say’s they did this to protect the eBay community but I believe that is just an excuse. On another note, if you sell in certain categories you still can accept a money order or check. What do you think about this?