Perfect Money wallet review: Sign up, Log in, verification, fees and security
Perfect Money is one of the most used currency in the BuySellVouchers marketplace. Let's find out what the Perfect Money wallet is and how to use it properly. In this review you will learn how to register in the Perfect Money payment system. The topics such as: Perfect Money fees, security, deposit and withdrawal options will be discussed. At the end of the article we will summarize the pros and cons of the Perfect Money wallet. We hope this article will help you better understand the Perfect Money payment system.
Perfect Money, which began operations in 2007, is among the most popular cashless payment networks around the World. The business offers itself as an ideal solution for managing your funds fast and securely. Its key benefit is that users' personal information is kept fully private. Perfect Money Finance Corp is based in Zurich, Switzerland, and has branches in Hong Kong. Perfect Money now enables customers to perform private money transfers, including periodic payments, pay for products and services via the Internet, store currency and crypto-currencies with profit on the balance, and much more. Despite its widespread use, Perfect Money has a shady image. As a result, we'll go over the features of utilizing the payment system in greater depth.
What Is Perfect Money?
Perfect Money is a dependable financial solution that makes it simple for consumers to send money over the internet. We no more live in a time when we had to go to the bank or stand in line at the ATM to make a transfer. Perfect Money provides incredible chances for internet users and company entrepreneurs. The users of Perfect Money may change their money into electronic currencies in a matter of minutes and at a lower rate. They have a well-established banking relationship that allows them to make and receive wire transactions all over the universe. Read the whole article to learn everything there is to know about Perfect Money.
When you sign up for Perfect Money, you can choose from one of the following classes:
A standard account is granted to a new consumer who registers on one of Perfect Money's websites. It imposes no restrictions at all.
Premium accounts are provided to users who have had their accounts active for at least a year. You must request the customer support department if you want to upgrade your account from regular to premium.
One of the advantages of having a premium account is that when a client makes a transfer, the consumer receives a 2% discount.
Partner accounts are granted at the judgment of excellent money management.This account is for those who want to enhance their websites for business transactions.
These accounts are only available to business owners that conduct their operations through the internet. It is an honor to have a partner account since you must be regarded as trustworthy before you can receive one.
Perfect Money Signs Up Process
To utilize the e-wallet, you must first know what the Perfect Money e-wallet is. Perfect Money is an electronic wallet that is comparable to PayPal, Skrill, and other online payment gateways. It allows users to transmit money as well as make and receive payments via the internet in a safe and near-instantaneous way.
To open a Perfect Money account (e-wallet), follow these steps:
To open a Perfect Money account, go to the https://perfectmoney.com/signup.html and click "Signup."
Fill up the blanks with your personal information. To establish a Perfect Money account, you must first supply personal information.
The following is a summary of the information:
• Your complete name.
• City name.
• Your country name.
• Postal code.
• Your email.
The following is information on:
• Type of account: Select "Personal" for typical users.
• Your Perfect Money account password.
Then look at the bottom of the page to fill the information form.
The Turing number is listed below. To guarantee security, you must fill it out one more.
Accept the terms and conditions as written.
To create an account, click "Register."
To obtain your member ID, go to your email. After you've completed the Perfect Money registration process, you'll get a message asking you to check your email for a member ID.
In your inbox, look for the email from Perfect Money.
Open the email and look for your member ID.
Use the ID you just obtained to log into Perfect Money. Navigate back to the Perfect Money interface and log in to your account by clicking "Login."
The procedure is as follows:
• Type in the membership ID you just got.
• The Turing number
Finally, click "Authorize" to complete the login process. After logging in, your account's interface displays. You've successfully created your Perfect Money account at this moment.
Perfect Money Login Process:
The money login procedure is flawless.
To log in to Perfect Money, follow these steps:
Step#1: Navigate to the "Login" tab.
Step#2: Fill up the client ID and password fields.
Step#3: Double-check your activities.
The login procedure and service functionality are examined in further depth:
To access the system, you will need to enter a combination of digits (customer ID-code) and the password established at registration.Fill in the required information in the "Login" area on the site's main page.
Input the security code displayed on the screen and click the "Login" button to confirm your activities.The user launches the client area page after successfully logging in.A toolbar at the top of the page allows you to rapidly go to the portion of your account you want.
The My Account feature greets each user as they enter the client area.You may access the established security settings along with reference information on your accounts, including data on all open accounts, transaction records, and data on all active accounts.
Perfect Money Fees:
When moving funds to, from, and within the account, Perfect Money charges various fees, along with a 0.5 percent bank wire deposit fee.
Internal transfer costs for confirmed and unconfirmed account limitations are 0.5 percent and 1.99 percent, respectively. Currency conversions are billed at market rates, and you may check your account for the current Euro, Bitcoin, Gold, or Dollar rate.
The charge for a bank wire withdrawal is 2.85 percent plus the account holder's bank fee, while the fee for an immediate Bitcoin withdrawal is 0.5 percent. All accounts are subject to a 4-percentage-point annual interest charge.
You should also check with your broker to see if there are any fees, though deposits are usually free. Withdrawal costs are 0.5 percent at famous companies including RoboForex, FXChoice, and FIBO Group.
Perfect Money Security System
Move to the "Security Centre" page to secure your data. Here is where you may examine the IP address from which the user connects.
A letter with a verification code will be sent to your email each time you log in. It is a method that should not change.
Additional safeguards for private details are available with Perfect Money:
1. Identity Check:
This tool is used to identify customers with PM accounts. This device is a form of an artificial eye for Perfect Money that can't reveal the customer' face in real-time but can recognize the computer that was used to open the account.
If a Customer registration attempt is made from a network or subnet of IP addresses that are not affiliated with the account holder, the account is frozen and an additional security code is sent to the e-mail address supplied at account registration.
Individual IP changes are handled through the Perfect Money Support Center.
2. SMS Authentication:
This technique is used to establish a logical link between a user's account and his mobile phone number, to which the system sends transmits a confirmation code that allows the genuine account holder to be identified.
Because the hours spent on the entire operation of code transfer and account entry are incredibly brief and inadequate for cracking, the SMSLogin system is the most ideal and reliable form of Customer safety against non-authorized account entry.
3. CodeCard Protection:
In this approach, the consumer receives a card with a graphic image of the code that is emailed to them. For transaction verification, the system makes a request to the user for an arbitrary order delivery of a specific code from that card.
Code card is a straightforward and efficient security mechanism for transaction verification that has been used by the bulk of the world's leading financial institutions.
4. Anti Fraud Screening System:
Perfect Money's anti-fraud scanning technology is a cutting-edge security system that works for our clients' advantage. Even if account login data has been received, every transaction is subjected to an anti-fraud screening mechanism, which prohibits money theft.
This system employs proprietary activity monitoring algorithms that make Perfect Money a safer environment for users and an uncomfortable time for those who try to use it illegally.
A file with the extension ".png" will be loaded after selecting this option. The codes that must be input while conducting any financial transaction may be found here. The same file will come to your e-mail address.
Enabling profile protection is a crucial step that allows the client to protect himself against attackers hacking his account. It is a must-have item that should not overlook.
After registering and configuring security features, you may use Perfect Money services right away. The commission subtracts for each procedure in this situation.
We need to validate your personal information to lower the commission percentage. To do so, go to the settings area and go through each step one at a time.
Perfect Money Deposit Options
Users of the Perfect Money system can recharge their balance in a variety of methods that are both easy and simple.
1. Internal Transfer:
Getting an internal transfer from some other user helps to deposit to your account. It might be a service charge or any other type of transfer. You must provide the sender with your account number, e-mail address, or cell phone number to collect an internal transfer.
The system charges a fee to handle internal transactions, the amount deposited will differ from the amount transmitted. In the "Fees" section, you may learn more about the charges.
2. Bank Wire:
Only authenticated account holders have access to bank wire transactions.Bank wire deposits are simple to make. All you have to do is complete a bank wire order form and specify a bank account for the transaction.
It is strongly advised that you supply as much information as possible, as this will aid you in following the progress of your bank wiring.
Visit the "Preview" option after finishing the bank wire purchase form.Review all of the details, choose the primary and secondary approved exchange services from the offered list of partners, and then click "Send."
Your order will be accepted for evaluation by the main authorized transfer service provider 24 hours after it is placed. The application is moved to the alternative authorized exchange service provider if the main exchange service provider cannot execute your petition for any purpose. Each exchange service's maximum order processing time is 24 hours.
If your request is successful, you will get an e-mail and an internal system mailbox message with the bank account information you need to pay your funds to. Such bank account details can also access from the "Deposit" section of your order.
It might take up to 5 business days for your bank wire to be received and credited to your Perfect Money account.A bank wire deposit must be for a minimum of $300.
3. Certified Currency Exchange Partners:
To deposit cash into your Perfect Money account, use one of the Perfect Money accredited exchange service partners. All of the services mentioned on the websites of the accredited exchange service partners have been properly reviewed and tested, ensuring that transactions will go smoothly.
Each exchange partner has its own set of terms and conditions, as well as deposit options. We urge that you go through all of the information.
There are a few organizations among the exchange service partners that provide a wide range of Perfect Money buying options. You may fund your PM account with a credit card, international money transfers, cash, and other methods.
Bitcoin is a well-known cryptocurrency across the world. To enter Bitcoin into an account, a user must first construct a deposition order that includes the account number and the value to be charged with Bitcoin, then view and confirm the order.
After you place your order, the system will send you a Bitcoin address to which you must send the necessary amount within 24 hours.When the money in Bitcoins obtain, your deposit is executed. At least three verification are required for each payment.
The amount transmitted to a Bitcoin address should be the same as the invoice value. If you want to pay in two or more installments, ensure sure the total amount equals the deposit amount given on the purchase form.
If the Bitcoin amount transmitted varies from the amount provided in the order form, the money will be manually paid. Ask the service staff if the funds have not been deposited into your account within 24 hours. The service charge for deposits made using Bitcoin is 0%.
5. Credit Exchange:
The Perfect Money mechanism allows you to borrow money from other PM users to fund your account. Log onto your Perfect Money account and navigate to the relevant section to access the Credit Exchange.
If you need a loan, you must either fill out an application or research current loan offers that may be of interest to you. If a lender's proposal fulfills a borrower's needs, the money is sent to the borrower's account when the transaction completes.
Such transactions might be performed automatically or with the approval of the borrower. Details on the loan amount, payback term, and interest rate are included in applications for giving or receiving a loan.
There are no extra costs charged by the Credit Exchange. On a demand to transfer money to a debtor, lenders pay a customary 0.5 percent fee. Borrowers must additionally pay a customary 0.5 percent charge when transferring funds to a lender.
Perfect Money Withdrawal Options
Converting Perfect Money electronic cash to actual money or other payment methods is simple.
Withdrawals can be made in the following ways.
1. Internal Transfer:
If you wish to send money internally, choose the account from which you want to send funds, then enter the account number and the amount you want to send. The method computes and shows a service charge as well as the amount that an end-user will get.
Single and recurring payments are both possible. Transfers to mobile phones and email addresses are also available through the system. Fees vary depending on the account type.
2. Bank Wire:
The process of withdrawing money by bank transfer is straightforward.If you wish to make a bank wire withdrawal, go to the "Withdrawal" section, pick the "Withdrawal Through Bank Wire" option, and fill out all of the relevant forms. Your bank can provide you with your account information.
Check that all of the information is correct by using the "Preview" button. You may also select your primary authorized exchange service provider and secondary authorized exchange service provider to complete your application from this page.
Once you've double-checked your entries, click "Confirm withdrawal." Your request for a bank wire withdrawal will be saved in the system.In 24hrs, a Registered Exchange Service partner will complete your request.
The bank wire invoice number will be issued as soon as the withdrawal procedure completes.The withdrawal limit amount varies for every authorized exchange service partner and they are completely determined.Only confirmed users have access to this withdrawal facility.
3. Certified Currency Exchange Partners:
To withdraw cash from your Perfect Money account, use one of the Perfect Money Authorized Currency Exchange collaborators.
All of the services featured on the websites of the exchange services partners have been properly reviewed and tested, ensuring successful transactions. Each exchange partner has its own set of terms and conditions, as well as deposit options.
Bitcoin is a well-known cryptocurrency across the world. To withdraw money from a Bitcoin account, a user must first establish a deposit order that specifies the account to be utilized, the relevant Bitcoin address, and the amount to be withdrawn. After you've double-checked all of the details, click "Confirm."
5. Credit Exchange:
The amount borrowed will be reverted to the simultaneous location, so issuing a loan is not a tool for withdrawing funds from your account. However, putting it to work for you is an easy method to generate money.
Where To Use Perfect Money Payment System?
Perfect Money is a global payment system designed specifically for online transactions. Here are some of the things you can do with Perfect Money:
• Collect contributions on behalf of numerous business ventures on the Internet; make recurring payments on the Internet; hold monies in a safe electronic account and earn interest;
• Pay for merchandise and services at a variety of online retailers;
• Store your valuables in cryptocurrency without danger or the necessity for a separate wallet;
• Purchase Bitcoin, gold, US dollars, and Euros over the internet; borrow and lend money on your terms.
What You Can Buy With Perfect Money?
E-payment transfers are a breeze with a Perfect Money account. It enables online payments from one digital currency system to another and conversely. Your Perfect Money account may be set up to make automatic payments to several of the connected Internet companies through the user account profile.
The lowest amount that may deposit is $1000, and the interest rate is up to 4% each month. Currency exchanges, bank transfers, alternative payment methods, and e-Vouchers are all common ways to move funds to and from an account.
One feature that distinguishes PerfectMoney from the competition is the possibility for users to acquire gold, euros, and dollars in real-time.
Customers of Perfect Money may pay their bills instantly online and send money instantly. The system is secure, and it does not require any specific understanding to use. Perfect Money is a world's economic service that anyone in the world may use.
You can purchase cryptocurrency with Perfect Money through the XMLGold e-currency exchange platform. XMLGold holds the highest Perfect Money Trust Score referring to Bestchange.com results.
You can buy with Perfect Money a variety of products at the Buysellvouchers marketplace. Buysellvouchers is a marketplace where you can buy and sell a variety of digital products (gift cards, vouchers, coupons, etc.). Here you can see the product catalog: https://www.buysellvouchers.com/en/site/map/
Perfect Money vs Payeer
Payeer is a multi-currency payment method that involves sending and receiving fiat money along with cryptocurrencies. There are benefits and drawbacks of utilizing Payeer, but the best feature is that you may receive cryptocurrency and withdraw in fiat cash. And, in addition to being a payment gateway for sending and receiving money, Perfect Money allows you to fund your account with bitcoin and earn interest. You may withdraw your money in a variety of methods, including using Western Union.
Pros and Cons of Perfect Money
Pros of Perfect Money:
1. Transaction Anonymity:
While sending money, the ultimate receiver only knows the account number and the user's login.
2. Instant Transactions:
Inside the system, payments are done in a matter of seconds.
3. Convenient And Straightforward Interface:
The site is not overburdened and is easy to use even for novices.
4. A Large Number Of Partners:
Each user may select the best deposit or withdrawal option for himself.
Customers can use borrowed funds to run their businesses or use this option to make extra money by acting as a lender.
5. The Availability Of A Mobile Application:
You may access your account at any time. Deposit plans entail calculating a percentage of the sum every month.
6. The Availability Of An Affiliate Program:
You may earn 1% per year on the number of your referrals' balances.
Cons of Perfect Money:
1. Once monies have been sent incorrectly, they cannot be refunded. It also applies to fraudulent activity on your account. In these scenarios, no action from the administration offers under any conditions.
2. Only via intermediaries are replenishment and withdrawal possible.
3. Only Bitcoin is now available as a cryptocurrency; expanding the list of available cryptocurrencies will surely increase the number of new customers.
Is Perfect Money the most convenient way to fund and withdraw funds from an FX account? Overall, there are more responsible and transparent choices available in most circumstances. However, in some cases, traders may find it to be a more handy option than other e-wallets and payment systems.
It's a good idea to perform some preliminary research on Perfect Money before deciding to use it. Examine the site's About page, FAQ, and fees, as well as learn a little about its history. You might also inquire about whether any other dealers you know use it. Find out if they had a positive experience and found it to be swift, accessible, safe, and dependable.
Another option is to call Perfect Money's customer care department, which is open 24 hours a day, seven days a week. Ask your queries and watch what you receive in answer. It is a great approach to see if the site dedicates to your needs.
To summarise, you should always make financial judgments based on your wisdom and common sense. Many consumers appear to be satisfied with Perfect Money, but many others may want to utilize a foreign deposit method that checks the company's management, history, and location.