Perfect Money: Login, Registration, Wallet. Review 2020

4 months ago
Perfect Money 
Perfect Money 

Perfect Money is one of the most popular payment systems for cashless payments on the Internet, which began its work in 2007. 

The company positions itself as an ideal service that allows you to quickly and safely manage your finances. And its main feature is the complete privacy of users. 

Perfect Money Finance Corp is registered in Panama, and the company has offices in Zurich and Hong Kong. 

Today, Perfect Money allows customers to make anonymous money transfers, including regular payments for fixed amounts, pay for goods and services on the Internet, supports the option of storing fiat and cryptocurrencies with interest on the balance, there is a separate lending function within the system and much more. 

Despite its popularity, Perfect Money has an ambiguous reputation. Therefore, further we will examine in more detail the features of using the payment system and analyze the feedback of real users. 

Register for Perfect Money

How to register for Perfect Money
How to register for Perfect Money

How to register for Perfect Money:

  1. Go to the official website of the Perfect Money payment system.
  2. Fill out the registration form.
  3. Confirm the registration by entering the ID code from the email.

Below we will take a closer look at each step of registering for Perfect Money.

One of the advantages of Perfect Money is considered to be a simple registration procedure. But it is important to note that the use of the service is available only to adults.

Official Perfect Money website

To start working with the payment system, you must go to the official website of Perfect Money, mentioned above.

On the top panel of the main page, click the "Register" button.

Register for Perfect Money
Register for Perfect Money

Next, you will need to fill out the registration form.

☝️
Please note, when filling out the data, you must provide reliable information, otherwise in the future you may have difficulty receiving important notifications, payments or various actions with the account.
Register for Perfect Money
Register for Perfect Money

To create a profile, you will need to come up with a nickname, indicate your full name and information about the place of residence, email, phone number, select the type of account (private or corporate), think up a password, and also go through the captcha and put a mark of acceptance of the terms of use of the site. After entering all the data, click the "Register" button.

Register for Perfect Money
Register for Perfect Money

Next, the system will send you two letters to your e-mail. The first will contain the ID code that you must use to enter your account, and the second will contain a brief guide on how to deposit into your account.

Login to Perfect Money

How to login Perfect Money
How to login Perfect Money

To login Perfect Money, you need to do the following:

  1. Click on the “Login” tab.
  2. Enter client ID and password.
  3. Confirm your actions.

Next, we analyze in more detail the login process and the functionality of the service.

☝️
To enter the system you will need to use a combination of numbers (customer ID-code), which was sent earlier by e-mail and the password specified during registration.

Go to the "Login" section on the main page of the site and enter the necessary data.

To confirm your actions, enter the security code indicated on the screen and click the "Login" button.

Login Perfect Money system
Login Perfect Money system

After successful login, the user opens the page of the client area (personal account).

User account on Perfect Money
User account on Perfect Money

At the top of the screen is a toolbar for quickly navigating to the desired section of your personal account. 

Upon entering the client area, each user is greeted by the My Account section.

Here is concentrated reference information about your accounts, data on all open accounts, transaction history, and you can also see the established security settings.

Perfect Money provides 3 types of accounts for its customers:

Normal – all new clients of the system receive this status immediately after registration.
Premium – is provided for customers who have been registered in the system for more than 1 year or if the turnover on the user's balance exceeds $ 100,000.
Partner – assigned more often to large customers representing a payment system, exchange office. The decision to assign a status is made by the administration of Perfect Money.
☝️
Higher account status allows you to receive reduced transaction fees and privileges in resolving issues with the support service

The status of your account can be seen in the corresponding data block of the My Account section.

Perfect Money Account Types
Perfect Money Account Types

To reduce risk factors when making online transactions, it is important to take care of protecting your account.

Service Perfect Money offers its users several tools to protect your account:

  1. User authentication (enabled by default) – implies sending an additional security code to the client’s e-mail address if you log in to your account from a different IP address. This feature is provided to all customers of the service for free.
  2. SMS authorization (paid option) – every time you log into your account, the system will send SMS with a PIN code to the client’s mobile phone. The received code must be entered for authorization in the system. Each SMS message costs $ 0.1. 
  3. Code card – by activating this option, a set of codes will be sent to your e-mail, which must be used for each transaction of sending funds.
  4. API – this option is used if you need to configure automatic payment acceptance.

To enable / disable any of the above options, click on the "Change Settings" link, and then in the "Security" section click "Change Security Settings". 

Configure account security settings on Perfect Money
Configure account security settings on Perfect Money

In addition to the My Account menu, there are 10 more sections at the disposal of users:

Quick payment – this button provides quick access to the simplified interface for sending internal transfers to Perfect Money. Significantly saves your time.
Internal transfer – used to send funds within the Perfect Money system.
Exchange – in this section you can exchange the currency in the direction you need in just a few seconds.
Enter – a menu for replenishing an account.
Withdraw – a menu for withdrawing funds.
Statement – in this section you can find detailed information on operations on accounts in various details.
Analytics – provides an overview of the financial press.
Internal mail is a section for exchanging letters with the administration of the system.
History – This contains the history of all transactions. Information can be filtered by various criteria, and the download option is also available.
Settings – in this section, the user can change the settings of his profile, including setting security parameters, setting up notifications, connecting a sub-account, and also pass verification.

Perfect Money Verification

Perfect Money Verification
Perfect Money Verification
☝️
It is important to note that verification in the Perfect Money payment system is not mandatory.

But besides the fact that it is one of the important components of good account protection, verification allows you to access more advanced system features, in particular the ability to send and receive bank transfers.

To verify your account, go to "Settings" → "Verification Management".

The verification procedure for clients of Perfect Money includes 3 stages and involves the verification of identity documents and verification of the phone number. Verification status can be monitored on the Verification Management page.

Perfect Money Verification
Perfect Money Verification

How to Deposit Perfect Money

Perfect Money Deposit
Perfect Money Deposit

How to replenish Perfect Money (on the example of cryptocurrency Bitcoin):

  1. Go to the "Enter" menu.
  2. Select the "Bitcoin" section.
  3. Fill out a deposit application form.
  4. Perform the transfer after receiving the requisites.

Next, we will analyze this procedure in more detail.

To transfer Bitcoin coins to your account, go to the "Input" menu on the top toolbar and select the "Bitcoin" option.

Deposit cryptocurrency to Perfect Money
Deposit cryptocurrency to Perfect Money

To create an application for replenishment of an account, you need to click on the link “Create a new deposit”.

In the window that opens, select an account to replenish, enter the amount of replenishment and click the button for a preview. The minimum amount to deposit in Bitcoin – 0,001 BTC.

Deposit cryptocurrency to Perfect Money
Deposit cryptocurrency to Perfect Money

Check the entered data and click "Confirm" to create a request.

Deposit cryptocurrency to Perfect Money
Deposit cryptocurrency to Perfect Money

Further, in the details of the application, it will be possible to see the Bitcoin address to which funds will need to be transferred. You have 24 hours to complete this action. The term for crediting funds to your account depends on the workload of the Bitcoin network.

Deposit cryptocurrency to Perfect Money
Deposit cryptocurrency to Perfect Money

You can make a deposit to your account without a commission

The Perfect Money system provides its customers with convenient and simple ways to replenish their balance:

  • Bank transfer – it is important to note that this option is available only for verified accounts, and also has a minimum deposit amount of $ 300. Replenishment occurs through filling out a deposit application;
  • Cash deposit – means depositing funds into the account through one of the proposed partner local exchange points;
  • e-Voucher – balance replenishment using a special code. Such vouchers can be created by any Perfect Money user in your personal account. All you need is to indicate the voucher number and digital code in the appropriate fields. Funds deposited with e-Voucher are credited instantly to your account;
  • Partner exchange points are a convenient way to replenish the balance through Perfect Money partners who offer the opportunity to use many payment tools, including bank cards, cash acceptance, Western Union, MoneyGram services, etc. A complete list of certified partners through which funds can be credited can be found on the payment system website;
  • Cryptocurrency deposit – the system allows customers to replenish and store on Bitcoin accounts; 
  • Using the credit exchange is a special service that allows users to take loans from other users of the system at interest on mutually beneficial conditions. Lending is carried out only for accounts in dollars and euros.
☝️
It is important to note that in order to replenish the wallet in any currency, the user must first create an appropriate account in the system. All operations of depositing funds into Perfect Money accounts are carried out through the "Input" section.

Withdraw from Perfect Money

How to Withdraw Money from Perfect Money
How to Withdraw Money from Perfect Money

To withdraw from Perfect Money, you need to do the following (using Bitcoin as an example):

  1. Go to the "Output" menu;
  2. Select the "Bitcoin" section;
  3. Fill out the withdrawal application form.

Consider this process in more detail.

To withdraw Bitcoin from Perfect Money, go to the "Output" menu on the top toolbar and select the "Bitcoin" option.

Withdraw funds with Perfect Money
Withdraw funds with Perfect Money

Next, you need to create a request for withdrawal. To do this, click on the link “Create a new withdrawal request”.

Withdraw funds with Perfect Money
Withdraw funds with Perfect Money

To conclude, select a Bitcoin account, specify the final address for sending coins, the transfer amount and click the button for a preview. On the next screen, you will need to confirm the application. 

Withdraw funds with Perfect Money
Withdraw funds with Perfect Money

The minimum amount to withdraw from the system is 0.001 BTC. The commission is displayed immediately on the screen and is 0.5%. 

When filling out an application for withdrawal of funds, it is worth paying special attention to the correctness of data entry, since all payments in the Perfect Money system are non-refundable. 

Withdrawal of funds from the payment system Perfect Money is carried out in the same ways as replenishment. To withdraw money, users are offered the following options:

☝️
It is important to note that only the option of withdrawing funds through exchange offices is available to unverified users. To use other withdrawal options, you need to go through account verification.

We also recommend that you look at the detailed instructions on how to use Perfect Money:

Instructions for using Perfect Money

Perfect Money Wallet

Perfect Money Wallet
Perfect Money Wallet

Perfect Money wallet is widely used by users for both private activities and business. This is confirmed by the extensive functionality of the service, as well as the ability to make transactions using a convenient mobile application.

In addition, some customers use the wallet also for the purpose of accumulation. The system provides for a monthly charge of 4% per annum on the balance in your account.

Each wallet is encrypted with a unique number, which consists of numbers and letters indicating the currency of the account.

Designation of the account number inside the Perfect Money system
Designation of the account number inside the Perfect Money system
☝️
Attention! To complete transactions in the Perfect Money system, it is the wallet number that is used, and not the account ID code.

Commissions

Perfect Money Commission
Perfect Money Commission
☝️
If we talk about replenishing the balance, then making a deposit on the Perfect Money account is not subject to a commission from the payment system.

But, at the same time, you should consider the possible commission of banks or exchange offices for processing your transaction. 

The fees for other transactions in the Perfect Money system depend on the type of user account and verification status.

So, the commission for operations between the internal accounts of Perfect Money customers is 0.5% for verified users and premium accounts. But for unverified customers, the commission is already 1.99%.

The amount of commission is always deducted from the balance of the sender.

As for the withdrawal of funds, depending on the selected withdrawal method, the amount of commission may be:

  • For bank transfers – $ 50 + 3% of the total amount (but not more than $ 1000). In addition, it will be necessary to pay the commission of the partner exchange office;
  • To withdraw Bitcoin – 0.5%;
  • For other options – the amount of commission depends on the selected exchange partner.

What Currencies Does it Support

For users of the Perfect Money system, accounts in 4 currencies are available:

Dollars (USD, identifier U).
Euro (EUR, identifier E).
Gold (Troy oz., Identifier G).
Bitcoin (BTC, identifier B).

Immediately after the registration is completed, each client has 3 accounts available within the Perfect Money system: in dollars, euros and gold. At the same time, the Bitcoin account is opened by the user independently.

In total, the system allows you to register 3 accounts in USD, 3 accounts in EUR, 2 G-accounts and 3 B-accounts.

To open a new account, go to My Account → My Accounts → Add Account.

Register an account with Perfect Money
Register an account with Perfect Money

Perfect Money and Cryptocurrencies

Cryptocurrencies and Perfect Money
Cryptocurrencies and Perfect Money

Close connection with cryptocurrencies, the payment system Perfect Money began 5 years ago. In early 2015, the service added the ability to open accounts in Bitcoin cryptocurrency.

☝️
To date, Bitcoin is the only cryptocurrency with which the Perfect Money payment system supports work.

Although taking into account the pace of development of the cryptocurrency market, adding a few more TOP altcoins would only benefit the service. Many users consider the service to be outdated due to such a lag from current trends. 

At the moment, Perfect Money customers are available with the following actions with Bitcoin coins:

  • Bitcoin purchase
  • Sending Bitcoin to the accounts of other users of the system;
  • Getting Bitcoin to your account;
  • Store Bitcoin in your online wallet.

You can buy bitcoin through exchangers partners of the payment system, a list of which is available on the site. We have already described the purchase process in the previous sections.

Sending coins inside the system is carried out through the menu “Internal transfer” or “Fast payment”. The easiest way to do this is through Quick Payment.

Bitcoin on Perfect Money
Bitcoin on Perfect Money

To complete a Bitcoin transfer:

  1. Go to the appropriate section on the top toolbar.
  2. Select the account from which you want to send coins.
  3. Specify the account of the recipient.
  4. Click preview to check the data.
  5. Confirm the operation.
Filling out a quick payment form on Perfect Money
Filling out a quick payment form on Perfect Money

Despite the fact that the storage of other cryptocurrencies other than Bitcoin is not yet provided for by the payment system, many exchange services offer to buy cryptocurrency for Perfect Money. You can always buy the necessary coins using your USD or EUR account.

Perfect Money Pros and Cons

Advantages and disadvantages of Perfect Money
Advantages and disadvantages of Perfect Money

The Perfect Money payment system provides its users with many advantages:

Anonymity of transactions – when making a transfer, the final recipient sees only the account number and the sender’s login.
Instant transactions – transfers within the system are completed in a few seconds.
Convenient and simple interface – the site is absolutely not overloaded, intuitive even for beginners.
A large number of partner points – each user can choose the most suitable option for himself to deposit or withdraw funds.
Credit exchange – this option allows customers to use borrowed funds to conduct their activities or to earn additional profit by acting as a lender.
The presence of a mobile application – you have access to your account at any convenient time.
Deposit program – monthly calculation of% on the balance.
The presence of an affiliate program – you can receive 1% per annum of the balance on the balance of your referrals.

Perfect Money, like any other service, has something to strive for. Among the visible disadvantages of the payment system can be noted:

Irreversibility of transactions - having made an erroneous transfer, funds cannot be returned. This also applies to illegal actions on your account by fraudsters. Under any circumstances, no action on the part of the administration in these cases is provided.
Replenishment and withdrawal only through intermediaries.
Of the cryptocurrencies, only Bitcoin is available - expanding the list of cryptocurrencies will definitely increase the influx of new customers to the service.

Perfect Money Reviews

Perfect Money Customer Reviews
Perfect Money Customer Reviews

One of the distinct advantages of the payment system for customers is the anonymity of the transaction. Registration of a company in Panama, which is an offshore zone, eliminates the need for users to confirm their sources of income for transactions. 

But it was precisely these factors that at one time served as the entry ticket for conducting illegal activities through a service such as money laundering, the movement of illicitly obtained capital, the monetization of cybercrime, as well as the Perfect Money became a favorite service of financial pyramids.

Some companies, fearing the reputation of Perfect Money, refuse to cooperate with this service due to the increased risk. 

On the network, you can find enough user reviews on working with a payment service, having analyzed which you can doubt the reliability of Perfect Money.

Many user opinions that Perfect Money are scammers.

Often there are customer complaints about the theft of funds from accounts.

☝️
As we indicated earlier, this is one of the obvious shortcomings of the service – the administration does not bear any responsibility for the movement of your funds.

All you can do is use your account security settings to maximize the protection of your assets.

Also, some users hint at the theft of funds from the company itself. Users complain that their accounts were unjustifiably blocked, and the account balance could not be returned.

Also, one of the problems that users note is the lengthy verification process.

But among the waves of negativity there are satisfied users who are completely satisfied with the service.

☝️
It is worth noting that despite negative customer reviews, Perfect Money has been successfully operating on the market for more than 10 years.

A huge number of Internet sites accept Perfect Money as payment for goods and services, which indicates a wide user coverage of the service. 

But still, we advise you to be more careful when working with the payment system. Avoid storing large amounts in your online wallet for a long time, use security settings to protect your account, and change your account passwords more often.

Skrill: Wallet, Card, Deposit and Withdrawal, Reviews

Advcash — wallet, login, registration and Advanced Cash reviews

LocalBitcoins: Registration, Trade, Review