New Virtual Bank | Ramblings of an e-trader

Wednesday, 2 April 2008

New Virtual Bank

Did you hear of the new virtual bank that is PayPal -like? Well, I will not be mentioning their name but they are giving new members US$25 just for signing up. And if these members can find new members to join the company, they will receive a referral fee of US$10 each. That is a lot of money. Do you remember that when PayPal just opened, they only gave new sign ups $10 each? How much they have grown and even taken over by eBay.

Anyway, I did not sign up because right now, this company is only open to residents of the United States. They better be quick in opening up their business to the world or they would not grow. What I like is that most of their transactions are free, like receiving and withdrawal of funds and also making payments. They do, however, charge for other transactions like e-check.

Anyway, I'm going to keep tabs on this company and see when they are going to welcome international members. But the thing that is ringing alarm bells is that their telephone number is X-XXX-PayPal... WTH? I thought these are different companies?

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