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Realex Fire Personal Account

  • 14-08-2013 9:58am
    #1
    homer911
    Registered Users, Registered Users 2 Posts: 5,163 ✭✭✭


    Realex have just announced their new "Personal Account" for users in Ireland with a mobile phone
    http://www.realexfire.com/

    they are promising fee-free transactions

    Anyone opened one yet? What is the benefit of one of these?

    Edit: Looks a bit like a Paypal type account - you have to fund it from your current account though, not from a credit card


Comments

  • #2
    Yggr of Asgard
    Registered Users, Registered Users 2 Posts: 5,271 ✭✭✭Yggr of Asgard


    homer911 wrote: »
    Realex have just announced their new "Personal Account" for users in Ireland with a mobile phone
    http://www.realexfire.com/

    they are promising fee-free transactions

    Anyone opened one yet? What is the benefit of one of these?

    Edit: Looks a bit like a Paypal type account - you have to fund it from your current account though, not from a credit card

    This is a strange service, it is a person to person (or business) service just like PayPal but has it's own sort code and bank account number for loading (instead of paying to a general account with reference like PayPal) and is limited to people in your circle (not like PayPal).

    Also it only accept payments to the loading account from an account in your name that is registered (to avoid third party loads).

    There is a lot "At this time, we do not have the facility to.." on their FAQ.

    Very strange service limited to paying users in your circle with funds you pre-load, so essentially you are improving Realex cash flow and I can't see any statement on the page who those funds are guaranteed (i.e. as a bank or emoney).


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