Perfect Money – whom do we deal with?

The citation “The pink of absolute perfection that crowns world virtual economy” has probably floated before the eyes of everybody on the Internet. After Perfect Money in the person of its manager has declared that it is able to become the second processor after WebMoney in the Russian Internet, all the users started leaving thousands of symbols on the forums and news sites in the active discussions. Immediately after that interview one could see that exchangers, making operations with PM, Internet shops, accepting payment in PM, the users making p2p payments. In addition only a blind person could fail to notice an active promotion from West and continious Pr-campaign on the Russian market. Perfect Money differs among the other electronic payment systems presented variously on the market. Though the system hasn’t got the necessary authority and many years of trust however one can see the considerable results and the success of the processor on the international market. For that reason Perfect Money was included into the September issue of TJ to find whom the Russian virtual segment dealing with.

When enter the site for the first time one can unwillingly note that the colours of the site differ from the usual blue, grey, and orange palette. The system is built in black and red colors that increases the system chances to become a leader. However, the years of experience have taught us that it’s better safe than sorry. First of all, let’s check the license of Perfect Money Finance Corp.of making the operations with the finances of the other people. And inquiry to Panama register (as the system is registered there) has confirmed that the company No.596918 (Perfect Money Finance Corp) has a license No. 1267339-1-596918-2008-105548. we should also to note that Perfect Money doesn’t conceal its registration in Panama. On the contraryit stresses it and guarantee the customers that their accounts can be blocked only after the legal resolution.

Having found out that from the legal point of view the system is pure we start to analyze the system capacities. We want to mark the efforts of the content writers: the site is very informative and is convenient as one can learn a lot about the system without sign up. So, one can read about the features of the system, fees, news, support page and to take a tour throughout the system and even to get acquainted with the guarantees the system provides it s customers. But the main surprise waits us in the list of the languages. Despite the company claims to be a Swiss one, the company interface is offered in 13 languages including Russian. So, the company ambitions cannot be compared to the ambitions of other more modest competitors..

When read all the listed section one can got an interest and desire to check in practice all those features described in a superlative degree in the sections listed above. So, we’ve made decided to start and it’s a high time to sign up in Perfect Money.

The sign up procedure appeared to be very short. The standard set of operations to complete the forms, selection of the status in the system is immediately followed by a greeting letter on your e-mail. A very interning fact: Perfect Money has initially divided all its clients into Business and Personal. Also there are other substatuses: normal, premium and partner. According to the system those statuses enable you to get some interest to their balance, to also the opportunity to send bank wires, and alto to send a bank wire to the account in Swiss bank that also can increase the safety of your funds.

Login, password and the turing number and we are already in the member area of Perfect Money user.

So, we have logged in. the first thing that caught our eye is a wise approach to safety. Every client can see the detailed data on the last login including date and IP address. Looks like the system is always on the alert. Here one can also see the history of the last operations performed within the system. Also one find here the list of the user’s accounts – EURO account, USD account and gold account.

In the very beginning we have already spoken about the safety. Since today the security is one of the main factors we advise you to go to the section Security. Here one can edit his or her profit. However, we are more interested in the security options offered by Perfect Money.

So, according to the information provided on the site, one can keep his or her money in Perfect Money system under the three-level authentication. Namely:
- IP check
- SMS authentication
- CodeCard

The first option is pretty clear, as well as the second one. We also want to note that our apprehensions concerting Russian mobile operations were not proved. SMS are received to any operator and our tests showed that the short messages come without delay.

We also were pleased with the “CodeCard” option. After enabling the latter one you settle back and understand that actually if you enable all three security options, the fraudsters will have to scratch their forehead and nothing more. We should admit that though PM is a young payment system, its security system is probably one of the best ones on the market.

However, from the user’s point of view the most interesting question is – how to deposit in and withdraw the funds from Perfect Money. The sections of “Deposit” and “Withdrawal” are almost the same and offer the following:
- Bank wire
- E-currency
-Exchange partners

Since Trainex exchanger makes the exchange of PM to other currencies we addressed the financial department of Trainex to hear from the horse’s mouth how does it feel to work with Perfect Money. Here is what we’ve got:

We want to single out the bank wires as a method to withdraw money from the system. We were impressed by the speed and accuracy of the operation. The system is brilliant in respect of deposits and withdrawals with the bank wires. You just need complete the deposit/withdrawal form and receive your money in 1-2 days. Though here is one disadvantage: the amount to be deposited with bank wire is rather high ($1000 and more).

The options of deposit and withdraw to the e-payment systems haven’t met our expectations. Here we mean not the technical part but the variety of options. Earlier Perfect Money allowed to deposit or withdraw funds through e-gold, webmoney and pecunix. However after the collapse of e-gold and new policy of WM only Pecunix e-cunnency is left. It’s strange but after the cancel of WebMoney the link to withdraw/deposit of this e-currency still remains on the site. The latter fact makes one hope for the option that can be resumed. Also in the interview to some adition the CEO of Perfect Money told about the coming possibility to make deposits/withdrawal via MoneyBookers payment system.

PM can also be withdrawn via the certified exchange partners listed on the page. However, the market analysis has shown that there are some other exchangers not listen on www.perfectmoney.com but making the exchange operations with this currency.

PM also enables to make internal exchange between euro, dollar and gold account. The system has a very good adjusted accounting system of all the financial operation. One can get a statement for any account. Also the system provides an internal mail.

Money transfers

The payment operations and the money transfer option in Perfect Money deserves a special attention. Exactly here one starts to understand that all the praises sang in the system description were not groundless. So, if I want to send money I can:
- Recurrent payment
- Send money via e-mail
- To make any operations within the system at 0% till the end of 2008

So, it means that even if you operate with big amounts, you are not charged for the transfers. And though it’s just a marketing ploy however one can be thankful to the system owners for the absence of the fees.

Also we were pleased with the addition of the interest to the balance within the system. So, it means that it is even profitable to keep money in PM– 7% per annum.

Those users who are interested in affiliate programs can find here a referral system where every referrer gets 1% per annum from the minimum monthly balance of his or her referal.

It is rather difficult to make a general conclusion about Perfect Money. Some users on western forums were writing that the system is too good to believe in the perfection. Indeed the system is made very qualitatively, carefully and safely, let’s add here its multi-language basis and one will unintentionally think about some dirty trick. But at the same time one may think that during a 12-year period beginning from the appearance of the first electronic payment system (e-gold) in 1996, a really good process that have “collected all the best” could appear. May be we face the future leader and a big player on the e-finance market indeed. This could be known only in the future…

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Comments

bobbylgrubbs 2008/09/12 11:40 p.m.

I am new to the world of web money and exchanges.I want to get $100 plus their fee of $6.00plus your exchange fee of $10.00 in a moneygram to my account 803857.Send funds to liberty reserve to go tosaw invest for 30 day account that pays $1150 for that length of time.

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