Perfect Money – A Guide on How to Open an Account and Deposit Cash

The 21^st Century payment solutions have made life convenient across the board. Today, you can send and receive money without handling it. In fact, you can even send it to family and friends on a different continent for free, but a sure highlight in tech improvement is the fact that they made online gaming and stock investments easier. Even in countries like India, where there are strict rules on these services, you can enjoy the convenience that electronic payment methods offer by understanding how they work.

In this piece, we shall take you through a step-by-step process of creating an account with Perfect Money, adding funds and withdrawals. We’ll also throw in recommendations of companies we know accept Perfect Money.

Why use Perfect Money India?

First, what is Perfect Money? It is an electronic payment system that supports non-cash payments online. The network came to life in 2007 and is owned by Perfect Money Corporation based in Panama. Initially, it was created to provide secure and instant settlements in the world of business, but it soon became a gem to private users.

What can you do with this platform?

• You can transfer money to other users.
• You can receive payment through the site.
• You can pay for services and products over the internet.
• You can purchase gold, Bitcoin, Euro, and US dollars.
• You can receive and issue loans through the system.
• You can deposit and withdraw money from online casinos and forex brokers.

Why should you use Perfect Money?

• Security – so far, the program toolbox behind Perfect Money security system surpasses the tech developed for payment system cracks. Because of this, they have significantly reduced the risk involved in transacting online. Every user has access to definite security settings
• Speed – As a company, Perfect Money understands the need for speed, and as a result, they have perfected data transmissions and communication channels.
• Universality – Perfect Money is made for the convenience of individuals using the platform to make micro-payments and to businesses with complex structures that handle millions of dollars.
• Support – Available 24/7, 365 days a year. They have qualified staff working in the support center to solve user problems and improve user experience.

Step 1: Open a Perfect Money Account

So far, you’ve probably picked up on the fact that Perfect Money is not like regular e-wallets. Even then, you don’t have to be a rocket scientist to understand how it works.

Below is a step-by-step guide of how you can sign up to Perfect Money and how you can use it with your favorite online casino and forex broker.

In your browser, visit Perfect Money India and click on ‘Sign Up.’ Yes, this is not the most beautiful platform we have come across, and they probably could do better, but the site is functional.

Like with any other account registration, you will provide the following:

• Full name
• Account name – it could be any combination of letters. It is not part of the login requirements
• Address – this should be factual because future communication and verification will consider this information
• Phone – the number you input will be used for authentication later
• Specify the account type

When you are done, read through the terms and rules of using the platform. Since the system has a different model, you don’t want to be on the wrong side of things.

When you create an account, the following page will pop up.

 

Also, you’ll receive an email with your member ID, which you will use to log into your account.

Once you are in this is what you’ll see:

 

It’s important to go through the verification process. It will reduce the transfer fees that apply and increase your Trust Score on the platform. Here, there are three verification processes.

• Phone verification – enter the code sent to your phone number
• Identity/name verification – you’ll have to upload a clear copy of either your Passport, driver’s license or national ID
• Address verification – upload a clear bank statement or utility bill with the same name and address you provided during registration.

Step 2: Fund the Perfect Money Account

There are several ways you can fund your Perfect Money account. The preview of these funding options is available on the ‘Deposit’ section.

Below are some of the options available:

Internal Transfer

You can fund your account by receiving cash through an internal transfer. This means another Perfect Money user sends you money from their account. To obtain the funds, you need to provide the sender with your email address, account number, and phone numbers that are linked to your Perfect Money account.

Bank Wire

This option is not available to unverified accounts.

With that said, bank wire transactions are easy because all you need is to fill out a bank wire order form in which you’ll indicate the bank account that will be used for the transaction. You must provide accurate and complete information since it will help to track the status of the bank wire.

Once you fill this form, click on ‘Preview’ and confirm the details you’ve typed in. Also, indicate the primary and secondary certified exchange service from the Perfect Money list of partners and then click ‘Send.’

After 24 hours of the order placement, your primary certified exchange service will receive the order, but if for whatever reason, they cannot process the request, it is moved to the secondary certified exchange provider. Each provider has a maximum of 24 hours to process the order.

The process may take five working days to reflect in your account.

Certified Currency Exchange Partners

Take advantage of these partners to deposit cash into your account. The services are listed on Perfect Money’s page under the certified exchange service partners. Before you choose a partner, study the proposal as some companies offer more exchange services than others.

e-Voucher

This is a 16-digit digital certificate that can be used to load any Perfect Money instantly. You can sell or transfer the code to anyone who can, in turn, use it to deposit funds into their account. You can create an e-Voucher in the ‘Statement’ or ‘Withdrawal’ section. No fee is charged for this method. This method is ideal for individuals who don’t want to share their account numbers.

Bitcoin

To make a deposit it into your Perfect Money account, you’ll need to make a deposit order with your account number and the amount you wish to be credited with Bitcoin. You will then preview your order and then submit.

Once you submit the order, the system will provide a Bitcoin address with the specific amount that you need to transfer within a day. For the process to be complete, at least three confirmations are required.

Other deposit options include credit exchange and e-currency.

Step 3: Select Your Perfect Money Casino or Forex

Though there are many ways to use Perfect Money, this guide is about online casino and forex trading. To have a good experience, you’ll need to choose the right platforms to work with.

Step 4: Fund Your Casino

Before you start enjoying your favorite games or you start trading, you will need to deposit funds into your casino account. Below is how you do this using Perfect Money.

22Bet

Log into the 22Bet Casino and click ‘Deposit’ on the right side of the screen

Navigate to the ‘e-Wallets’ section and then click on Payment Money.

From the popup, enter the amount you want to deposit. Click on ‘Confirm,’ and from the window that you are redirected to, click ‘Make Payment.’ But first, make sure the details are correct.

FBS

The process of funding FBS is also simple.

On the left side of the screen, click on ‘Finances.’

Then click on ‘Deposit.’ on the next page, navigate to ‘Perfect Money.’

Follow the prompt, which includes filling in the deposit amount and clicking on ‘Deposit.’

Step 5: How to Withdraw Funds

How to Withdraw funds to Perfect Money

From 22Bet

Log into the 22Bet account and click on withdraw from the ‘My Account’ icon.

Click on ‘Perfect Money’ from the options. Like with other payment options, in the pop up, specify the amount you want to withdraw and then click on ‘Confirm.’

FBS

The withdrawal process here is simple, as well. Simply click on ‘Finances,’ withdraw, and then Perfect Money. To complete that process, you need to verify your FBS account.

How to Withdraw from Perfect Money to Your Bank

The same options available for deposit are available for withdrawal. In this step, click on ‘Withdraw’ and then choose your withdrawal option. The process is intuitive and guided, depending on which option you choose.

If you do a bank withdrawal, you’ll have to provide a SWIFT code. If you are unsure of the code, contact your bank.

Perfect Money Fees and other Expenses

The platform offers quality service and a great experience. However, it is not free, below are some fees that apply.

• Account restoration $100
• Wire transfer – starting from 2.85%, excluding the banking fees.
• Bank wire transfer – 0%.
• The currency conversion depends on the market rates
• The e-voucher attracts a 0.5% standard fee for verified accounts and 1.9% for unverified accounts.

What is the Difference Between a Premium and a Partner Account?

The Premium account comes with exclusive features, including reduced fees and specialized customer support. However, to get to the premium status, you need to fulfill some requirements. For instance, you should have been with the platform for a year. Also, you should have deposited no less than $100,000 or its equivalent in INR.

A partner account is one that is owned by a payment or exchange system. This status is given by the Perfect Money Administration and it helps with B2B processing.

Simply put, Premium and Partner statuses are for individuals and businesses, respectively.

Conclusion

To top it all off, there is a Perfect Money app which offers convenience. It has all the basic features available on the desktop platform and is just as secure. From the app, you can make P2B or P2P payments, view transactions, and receive money.

If you do not want to share your bank details and wish to remain anonymous in the online finance world, you should consider Perfect Money.

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