MoneyExchange is the first online payment product to adequately address the needs of small online entrepreneurs
St. Petersburg, Fla. (PRWEB) August 15, 2008
Revolution Money today announced that Salon Media Group has selected Revolution MoneyExchange™ for its Open Salon members to send and receive micropayments.
Salon Media Group, with more than 5.5 million unique visitors each month, recently launched Open Salon, a new publishing platform for writers, photographers and artists. With MoneyExchange as its exclusive payment option, Open Salon community members who open MoneyExchange accounts now have a secure, free method to send online payments to support bloggers and artists.
While digital content creators have long seen the potential for aggregating small transactions, the associated costs can make individual micropayments unprofitable. With no fees to sign up, send or receive payments, MoneyExchange is quickly becoming the payment vehicle of choice for "micropreneurs."
"We wanted to help Open Salon members reward creators without the heavy fees usually associated with electronic payments," explained Chris Neimeth, CEO of Salon Media Group. "MoneyExchange is the ideal choice, because it's free to send money online between accountholders and it's easy to use."
"MoneyExchange is the first online payment product to adequately address the needs of small online entrepreneurs," said David Cautin, SVP and General Manager of Revolution Money's Payment Solutions division. "MoneyExchange makes micropayments viable, which we think will become increasingly important on the Web."
For more information, log on to http://www.revolutionmoneyexchange.com.
About Revolution Money Inc.
Launched in 2007, a secure, interchange-free payment platform - Revolution Money Inc. - was created to deliver significant value to both consumers and merchants through two products, RevolutionCard™ and Revolution MoneyExchange™. The RevolutionCard eliminates costly interchange fees for merchants while simultaneously providing consumers with enhanced PIN-based security, identity protection and numerous merchant discounts and incentives. MoneyExchange offers its accountholders an easy and secure way to instantly send and receive money online to other accountholders for free. These products are leading the transformation of the payment industry by providing secure, easy, and instant payment solutions for everyone. St. Petersburg, FLA-based Revolution Money is part of the family of companies within Revolution LLC, which was founded by Steve Case to drive transformative change by shifting power to consumers. MoneyExchange accounts are issued by First Bank & Trust, Brookings, SD (Member FDIC) and part of the Fishback Financial Corporation.