A reader named Alberto Miranda wrote:
Gostaria de saber se: http://safecashtransfer.com/ pode me ajudar – Criei uma
conta em Perfect Money e preciso enviar pelo menos 200 dólares sacando do meu
Visa internacional. É possível? E como devo proceder se minha moeda é o Real
do Brasil? – Aguardo sugestão. Obrigado – Alberto Miranda
I ran this through Google Translate and got the following translation from the Portuguese:
I wonder if SafeCashTransfer.com can help me – I created a
Perfect Money account and must send at least $ 200 of my whipping
Visa International. Is it possible? And what should I do if my currency is the Real
Brazil? – I await suggestions. Thanks – Alberto Miranda
Alberto, it doesn’t look like you can fund your Perfect Money account with a Visa card. You need to do a bank transfer, or convert from another digital currency like WebMoney. You could also try an alternative e-currency service like Paypal (the leader in the field).
I had actually never heard of Perfect Money, so I looked them up.
Perfect Money (http://www.PerfectMoney.com) is apparently an e-currency or digital currency provider registered in Panama and headquartered in Zurich, Switzerland. They also offer currency conversion and prepaid cards.
Digital currencies are accepted by some legitimate businesses, though not many. Mostly they are used to pay contractors and buy products from individual sellers. They are popular among online criminals (drug dealers, scammers, hackers) because they do not require any form of identity verification.
Many of the clients of Costa Rica-based Liberty Reserve – which was known for catering to cybercriminals and was shut down when the founder was arrested on money laundering charges – have migrated to Perfect Money. In an apparent bid to avoid investigation by the U.S. Justice Department, Perfect Money declared in a release on their website that they would not accept user registrations from the United States.
That’s not to say that Perfect Money’s service is not legitimate. By all appearances it is. Here’s some specific information on the service, taken from their website and other sources:
USD/EUR , EUR/USD
|At market rate|
|Added to balance:||4% per year|
|Wire transfer||from 3.75% + bank fee|
So if you use Perfect Money to send money to someone else with a Perfect Money account, the company takes 0.5%. That could be quite low or quite high, depending on how much money you’re sending. On the whole it’s a very reasonable fee.
You can deposit funds into your Perfect Money account by the following means:
1) If you have some other electronic currency you can exchange it for Perfect Money currency.
2) Bank transfer: Minimum sum of deposit is $300 USD.
You can withdraw funds from Perfect Money by the following means:
1) Exchange for any other electronic currency (for example, PayPal) and then withdraw in any exchange office in your city.
2) Bank transfer to your account via exchange offices that are partners of Perfect Money. I would not recommend that you withdraw on your bank account directly via Perfect Money. In my opinion, the system charges too high a commission for such a service.
3) Cash transfer via Western Union and MoneyGram.
If any readers have experience with Perfect Money, I would love to hear about it. Did you find it easy to use? Did you have any problems? Was it affordable?