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July 2010
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Perfect Money payment system – why it produces so much fuss?

The first appearance of this payment system in Runet was about two years ago. From the very beginning the company has positioned itself as a reliable financial service which is very interested in Runet and the whole Eastern European segment in the Internet. Since that the talk about Perfect Money has not been stopping even for a minute. The oldbies may remember that only the quantity of sites with referral’s links and system description was almost the same as for E-gold in due time. Perfect Money was discussed on the forums, talked by Russian State Duma deputies, awarded several times but simultaneously criticized severely and blamed for the all possible financial sins…Each day there were less and less independent persons to the system. But why? Why do we have so much fuss in connection with this system? Let’s have a look why Perfect Money became so popular and what it is for today?

We will not tell you about Perfect Money functions in detail, you may read about it in the previous issues of Trainex Journal. It is better to clear what people like in Perfect Money and what makes them blush with indignation acquiring the color of PM corporative tint.

Having studied public opinion on the forums and blogs we succeeded in discovering the following advantages of Perfect Money:

А) Privacy and calmness for the own account;
As many users have admitted the system allow to operate with accounts not worrying that they may be blocked. There is an opinion that it is because of the fact that system still does not come to the global level and it does not awake the supervisory agencies’ interest but you can find not stories in the Internet that PM administration like PayPal is engaged in exchanging account unblocking service for the passport or any ID.

Б) Operation with wire transfers
This is may be the best «feature» of Perfect Money for which it is adored by clients. As a matter of fact any person having no bank account may receive wire transfers. And in the same way to send them not standing up from a chair and explaining the reasons of the financial operations to the banks. This function is the most popular among exchange offices and business-projects which have a need to receive or send payments by means of wire transfer.

В) A deal of ways to input and withdraw money from the system.
Indeed the widest spectrum in comparison with any other payment system is opened for an user when he tries for example to input money to PM. He may do it with wire transfer, through SMS, by means of the voucher or prepayment card and even with e-currency Pecunix. The last way we should notice is rather crazy idea from PM side but exactly about such things they usually says that it is small thing but pleasant. As of withdrawing money from the account the range of services is larger. Except exchange offices you may withdraw it to Pecunix account, by means of wire transfer, create your own virtual prepayment card (voucher) or buy virtual cards such as Visa or Master Card.

В) Multilanguage of interface and simplicity of account control.
The quantity of languages to which Perfect Money payment system interface has been translated may take someone breath away. For today they are more than 20. It means that working with foreigners you may use Perfect Money on your native language and the foreigner by-turn will use it on his native language.

Г) There are a lot of positive feedbacks about security system in Perfect Money. You may protect your account by means of verification through IP, SMS-authorization as well as a code card.

Possibly someone has found some other attracting features in Perfect Money and take fancy to them but if browsing through the Internet you may reveal that the most of all positive exclamations are about the features described above.

It is worth to notice that the system is not so warm and fuzzy, you may meet disaffected persons here as well and moreover they are not in trace amount. Most of all claims in the Internet are on operation of the support service. Over and over again one may touch with posts on the forums where the users tell that they have been waiting for the weeks any answer to their requests.

Except this one there are a lot of disappointed exclamations from the ones who sent wire transfers to Perfect Money essential elements and waited for weeks till money came and would be credited to an account.

Also there is an opinion that Perfect Money is an unreliable company which has no office and address and generally it is not understandable who manages it. In order to check it we have a decision simply to call to the phone number specified on the site. A woman picked up the phone and represented as a Perfect Money office manager. She talked in English with Spanish accent and told us company office address which was the same as the address indicated on the site. To check reliability of her information we found in the net a phone number of Century Tower building management and called there. When we asked what company is a lessee of the office №207, we were answered that it is Perfect Money Finance Corp.

As a result there are much more positive than negative feedbacks about Perfect Money. Of course, this payment system is far from perfection but it is worth to say that Perfect Money may be is the only system which is ready and willing to it. As per news located on the site PM regularly is translated to the new languages, develops new ways of input and withdraw of money from an account, creates new interesting functions and (that is the most pleasant) periodically try to correct its mistakes and failures in the operation. Recently it was noticed that PM offered to the clients a phone support service possibly attempting to please few disappointed clients. What will be result we will see in future…But today it is reasonable to say that there is much fuss about Perfect Money and this fuss resembles fever around dynamically developing company which is as opposed to the competitors continuously trying to offer new convenient services to the market.


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Issued in February



Monthly journal of «TrainexService.»