How Much Is Perfect Money In Nigeria
Visa and Mastercard did not gain widespread usage in Nigeria until between 2005 and 2010. With a population of about 200 million (as of 2019), Nigeria still does not have financial inclusion for all of its population. This creates a gap for alternative digital currencies where an internet payment system is required. One of such systems is Perfect Money (PM).
PM is popular in Iran, Vietnam, Nigeria, Pakistan and to some extent, Japan.
There is no public record that shows Perfect Money is regulated by the financial regime of whatever state. Thus, at that place is a higher element of risk in your use of this online wallet.
How did Perfect Money grow?
Perfect Money may have been started every bit far back as 2007. For the adjacent 6 years, even so, it lurked in the background as an alternative to the now-extinct Liberty Reserve. Information technology didn't have much patronage nor utilise. When the United States government shut down Liberty Reserve in 2013 for money laundering, the usage of Perfect Money spiked upwards sharply and has remained wildly popular equally an alternative digital currency e'er since.
Another factor that would be considered a direct upshot of Liberty Reserve'due south shut down is that Perfect Coin stopped using perfectmoney.com as its primary domain for its website and email. It instead migrated to Republic of iceland's ccTLD .is with the domain name perfectmoney.is
What is the Ownership Structure of Perfect Money?
There are no public records about the ownership structure of Perfect Coin. It may be connected with owners in Russia, the Czechia or somewhere else in eastern Europe.
As of 2010, its EV SSL showed information technology had a visitor registration in the Fundamental American country of Panama. There is no public evidence that this company is still active.
What currencies does Perfect Money back up?
The online wallet supports funds deposits in U.s. Dollars (USD), European Euro (EUR), Gold (XAU) and Bitcoins (BTC). A user can add, receive, spend or maintain funds in any of the currencies.
Purchase Perfect Money in Nigeria
You can buy PM from any reputable PM exchanger in Nigeria. Dozens of them can be found from a Google Search. They would typically take Naira via banking concern eolith/transfer to their business account, mobile money transfer, cash payment at their role while a few might accept card payments.
In choosing an exchanger, it is very important to verify the brownie of the company. Considering PM is not licensed to operate in Nigeria, (neither see whatsoever of the exchanges), yous have no legal recourse should the commutation abscond with your money.
- How long have they been in business?
- Do they have a traceable address?
- Are they registered with the Corporate Affairs Committee (CAC)?
- How much traffic does their website receive? (Alexa might assist with a vague thought here).
- Are they reachable on telephone? Exercise they have a landline?
How practice I exchange my funds in Perfect Money to Nigerian Naira?
You can convert your funds from PM back to Naira through any reputable digital currency exchanger in Nigeria. They would usually pay Naira via bank transfer or mitt y'all cash at their office for smaller transactions.
Your choosing criteria should nonetheless be very strict equally described above, considering PM payments are typically irreversible.
Tin I convert my funds to PayPal or Bitcoins?
The curt answer is Yes.
PayPal
PayPal typically frowns at all and every employ of its services in relation to any other digital wallet. Y'all would inappreciably find whatsoever reputable exchanger openly offering an exchange from PayPal to PM or vice versa. Your simply option might be private exchanges with traceable and trusted individuals.
There is a high risk Pay Pal volition freeze your business relationship where they catch a glimpse of any PerfectMoney exchange.
Bitcoin
Bitcoin is much more open up and non centrally managed. Exchanging BTC for PM or vice-versa is non only piece of cake merely can be fast and straight-forward where you use an automated exchange service.
Where tin can I spend the PM funds online?
Thousands of merchants accept payment via Perfect Money across the globe, for a various range of products and services.
1000s of merchants accept payment via Perfect Money across the world, for a diverse range of products and services. Click To Tweet
Web4Africa is a PM merchant and accepts payment through PM for all services it offers. These include Dedicated Servers, Virtual Servers, Website Hosting, SSL Certificates, and Domain Names.
Other merchants have PM for eBay vouchers, Amazon Gift Certificates, VoIP accounts funding etc. Other uses include Forex Trading and the highly risky so-called Loftier Yield Investment Programs (HYIPs).
FAQ
What is Perfect Money?
PM is an online wallet system that enables almost people from effectually the earth to store and spend coin online.
Is Perfect Money available in Nigeria?
Yes. Perfect Money is available in most countries including Nigeria. The notable exception is the U.s. of America. No The states citizen or resident of the U.s. can open up or operate a PM account.
Is Perfect Coin Safe?
"Safe" is relative. If y'all consider an unregulated online wallet based in a place you can not trace to exist safe, then perhaps PM is safe. Their country of active incorporation is not published and the only accost on their website is a mailing address in Hong Kong.
How can I buy Perfect Coin in Nigeria?
Yous can purchase PM through any of the dozens of exchangers in Nigeria. A Google Search will aid but do some due diligence to avoid losing your Naira.
How do I eolith into Perfect Money?
Typically, you lot would pay your fiat money (Naira, Dollars, Euro etc) to an exchanger who would then fund your PM account. The exchange can be private with another PM account owner or with an established exchanger.
How do I withdraw money from Perfect Money?
This is the reverse of funding. You would typically pay the PM funds you lot wish to withdraw to an exchanger, who would and so pay yous in Naira, United states of america Dollar, Euro or whatever currency you agree on. The exact process and payment methods with each exchanger would vary.
Tin can I buy Perfect Money with a credit card?
Yes simply this is very difficult. Strict rules by menu schemes similar MasterCard or Visa make this almost impossible. To prevent fraud, the few exchangers who would cartel accept credit cards also implement a very stringent verification process for every customer they volition accept card payment from.
How practice I buy Bitcoin with Perfect Money?
This is super easy. Considering neither Bitcoin nor Perfect Money are as risky to take as say PayPal or Credit Cards, many exchangers would readily take process this exchange. Pop platforms like Localbitcoins likewise accept dozens of open trades for this transaction.
Is Perfect Money legal in Nigeria?
Perfect Money equally a visitor is not registered in Nigeria nor is the service licensed by the cyberbanking regulator CBN. Your use of this wallet is at your own risk.
How practice I transfer coin from PayPal to perfect money?
PayPal'due south terms of service strictly prohibit the exchange of funds from PayPal to some other wallet service. Yous may be able to transact privately or with exchangers who would risk this but you may lose your PayPal business relationship if found out.
How do I find out my Perfect Money account number?
You lot can locate this after login to your business relationship. There are iv wallet numbers. One for each of the US Dollar, Euro, Aureate and Bitcoin accounts.
Conclusion
Perfect Money tin can serve as a perfect option for transmitting and receiving money where there is no access to more than traditional banking and financial services. Nevertheless, extreme caution must exist applied because it stands a risk of being targeted past U.s. government for being unregulated.
Source: https://web4africa.ng/perfect-money-nigeria/
Posted by: gillhichat1975.blogspot.com
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