Overview of Perfect Money
Product: Perfect Money (PM)
Founder: NO Information
My rating: 5 out of 10
My Verdict: Not a scam but they have some security problems. You will discover that in this review.
Is Perfect Money a Scam?
So, is perfect money a scam, is it worth your money and investment? Well, in this review, I am going to give you a thorough review about what Perfect Money is all about, whether its a scam or worth your money and effort.
Perfect money as the the name imply, is an online electronic payment system that allows internet users to make instant payments and money transfers through the Internet – given Internet users unique opportunities and owners of businesses on the internet.
Perfect money claims to targets and to bring transactions on the Internet to the ideal level! Quoting them, this is what they say:
“In every operation performed in Perfect Money payment system, we aspire to offer our customers perfect service”.
So basically, they are saying they have a very safe and a secured system through which internet users and business owners can securely make a transaction without any scams or fraudulent activities.
Also, they make the claim that their logo colour, which is pink, is of absolute perfection that crowns world e-Commerce, and henceforth will be presented by an ideal financial institution, which is Perfect Money, thereby aiming to bring the transactions on the Internet to the supreme level.
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But the BIG question is, Is Perfect money Really save? Well, follow me as I show you what I found about Perfect Money.
*The Problem With Perfect Money’s Security System*
On their website, Perfect Money (PM), claims to have absolutely everything that includes -the utmost and highest quality security structural system, which makes their system perfection. Which are guided by this principle they used in creating Perfect Money.
However, in the cost of my research, I found out that, the Security System at Perfect Money is greatly in danger, therefore, putting all who invest their money into Perfect Money’s System or anyone who tries to do a transaction on their system insecure.
What I mean is that in the course of my research, “I found out that many hackers are able to gain access into Perfect Money System” to hack other people’s money. Although they claim that their system is very secured.
So, what it means that is that, Perfect Money’s System is not secured at all and therefore any money transfer you do or save in their system will not be in a safe place.
To help you understand that well, I recommend you watch the video below, which I took from YouTube and see how hackers are able to penetrate into Perfect Money’s system.
You can clearly see from this video, that Perfect Money is not a secured place to save or do your online money transfer.
If you’re looking for the best online International money transfer companies, let me recommend the best and most secured ones to you
My Best Alternative Recommendations – (#)
In view of the security issues with Perfect Money, – I don’t think it will be wise to consider saving your money with them or use their platform for your online transactions.
If you’re looking for a more secure platform, which I can testify due to my own experience, try the following three alternatives:
Some Ways You Can Use Perfect Money
Perfect Money says that their online system can be used in the following beneficial ways;
- Make money transfers between users on the perfect money platform.
- PM can also be used to make payment on the internet
- Accept payments on behalf of various business projects on the Internet
- Store funds in a secure electronic account and receive interest
- PM is also used to buy Bitcoin, gold, US Dollars and EUR currencies online
- You can also pay for goods and services from other online stores
- Store your assets in cryptocurrency with no risks and no need to set up an additional wallet;
What Currencies Does Perfect Money Support?
The following are some currencies that Perfect Money Support, which you can use to do transaction payment and other activities that their system support.
So basically, PM says each user account on their system supports a multi-currency, which is divided into four (4) different currency accounts as shown below;
- USD (PM units, the equivalent of United States dollar)
- EUR (PM units, the equivalent of Euro)
- GOLD (PM units, the equivalent of the precious metal, expressed in troy ounces)
- Bitcoin (property rights for the publication of entries in the global public database of bitcoin.org network on behalf of Perfect Money are reserved by Startup Research & Investments LLC);
How to Become a Customer of Perfect Money
According to Perfect Money, to become their customer, you need to first register with them, which requires that you enter your account details by clicking on their “sign up” link to register with them.
Also, Perfect Money says they have two types of accounts. Namely;
- Personal account and
- Business account
Perfect money says that Personal account is intended for individuals, while a business account is meant for business legal entities. However, PM says both accounts can be used for businesses. without any limitation.
What is a Premium Level Accounts and a Partner Account?
So Perfect Money has another two (2) types of account called Premium Level account and Partner account; The differences between these two (2) types of accounts are as shown below;
The Premium Level Account: This is the type of account that comes with exclusive features, especially when it relates to customer support.
Also, as a Premium member, you’re awarded at the end of the first year or upon reaching a certain level of turnover in the account. A client has a right to submit a special application to upgrade his/her status. Having your status as Premium also reduces your service fees as compared to a Normal status.
NOTE: However, to receive a Premium status, you should be registered in the system for at least 1 year and deposit not less than 100,000 US dollars into your account, or its equivalent in another currency.
Partner account: The Partner account also has some privileges associated with it in a sense that it is usually opened by a representative of a payment system, a currency services or an exchange.
However, any award associated with this type of account is based on a decision made by the Perfect Money Administration.
Can I Get My Payment Back?
The answer to this question is a BIG NO, you cannot. All payments made within the system are final and irreversible. According to Perfect Money, once a transaction is made, your money is not reversible.
So here you stand the risk of losing your money if should in case you make the mistake of sending your money to the wrong person, due to entering the wrong account information.
So, Do I Recommend Perfect Money?
Well, to be frank with you, although Perfect Money is not a scam, however, I cannot recommend it to you for the following reasons outlined below;
First of all, if you watched previously from the video I provided above, the system Perfect Money is using is not secured at all. Why because hackers are able to get into their system and steal people’s saved money.
Also, Below, you will see some snapshot I took about members on the Perfect Money platform and their complains about the PM system.
Below is also another ‘complain’ coming from a member on the Perfect Money platform.
NOTE: Also you should note that, according to Perfect Money’s terms and conditions, if you ever make a mistake in a transaction, whether internally to any of their members on their platform or to anyone outside their system, you cannot retrieve your money back.
So if you make a mistake in any transaction, your money cannot be reversed. Its gone forever!
If you have any question or comment about this post, please feel free to leave it below and I will get back to you shortly.
About the Author
I’m Stephen, the founder of Jobsonline-stephen.com & howtobuyfromusa.com. If you have have read my “About Me Page”, you will understand that my goal is to help others succeed online as I’m doing, by exposing scams and reviewing top rated products. I can help you start your online business.
Wishing you all the best,
- Perfect Money Is Not A Scam
- Perfect Monet Operate Internationally
- You Can Contact their Support for Help
- They Have A Referral Program
- They Have Some Security Issues
- You May Not Feel Secured Using Their Platform
- It Is Not the Best International Money Transfer Platform