Mar 022001

With four online businesses (and no merchant account) I am always looking for different ways to send/receive money online. My primary needs are simplicity and security: eMoneyMail meets both, once the accounts have been established.

Signing Up

Signing Up for eMoneyMail is actually quite simple. You simply click the sign-up button and enter your name, email address, username, password and password hint. They then send you an email with a link to click and confirm the email address. Simple as that, you have an account. Of course, you can’t do anything with it yet, though.

Sending Money

The first time you send money with eMoneyMail you must enter your address, phone number and account information. Since I don’t have a bank account I decided to use Visa (the only credit card they accept, BTW). Be sure to have your Visa in hand because they need not only the account number and expiration date, but the CVV2. The CVV2 is the three-digit number on the back of the card which adds another layer of security.

After completing this information eMoneyMail will send you a letter via snail mail with a PIN. The letter takes 5-7 days to arrive (mine took 5). Once you receive the letter you return to the site, enter your PIN and then your first transaction will actually be sent. This adds a long delay in originally signing up and getting that money moving, but it’s only required the first time you send cash. I sent money to myself (at a different email address) the first time, just to get rid of this delay.

You must also include a security question with each transaction. You can ask whatever you like, but the recipient must answer the question exactly as you did in order to receive their payment.

There is a $1.00 fee every time you send money.

Once your transaction has been initiated an email is sent to the recipient informing them that they have received a payment via eMoneyMail.

Receiving Money

When you receive a message from eMoneyMail that someone has sent you money you simply click on the provided link to get to their site. After logging-in (or signing up if you’re new) you enter the information for the account you wish to have the money credited to. Unlike PayPal you cannot leave the money at eMoneyMail, but must transfer it out within two weeks or it is returned to the sender.

If you want the money applied to your credit card the transaction happens instantly (though some credit cards take a couple days to show the credit). If you have the money deposited to your checking account you must supply your social security number and drivers license (or state ID) number and it can take as long as seven days. Obviously, you must also be able to properly answer the security question supplied by the sender.

That’s all there is to it. There is no fee for receiving money, only for sending.

Other Concerns

eMoneyMail is backed by Bank One, but you do not need to have any accounts or cards with Bank One in order to either send or receive payments via eMoneyMail.

There is a daily limit of $300.00 and a 30-day limit of $600.00. These both seem low in my opinion, but the site states there are no plans to raise these in the near future.

eMoneyMail is currently only available to people with a US issued Visa Card or a checking account at a US bank.


While eMoneyMail can be a hassle to set up, it is another alternative for online payments. Since I don’t have merchant accounts for my online businesses, I try to make sending payment as easy as possible for my customers. If you are simply looking for a way to send money to friends or family, eMoneyMail can be useful, but if you’re looking for wide compatibility, I recommend you stick with PayPal or one of the other better known online payment services.

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