A few weeks ago, I wrote about a new site that pays new registrants $5 just for registering. I was excited about this (and the nice chunk of cash that I made by referring my friends). And then I found out about Obo-Pay.
Right now, Obo-Pay (who has been featured in the Wall Street Journal and USA Today, is partnered with Citi) is giving new members $10 for signing up for their service (it’s free to join). PLUS they will give you $5 for each friend or relative that you refer.
How it works: you use your cell phone to send or receive money. It’s like PayPal, but with cell phones instead of computers. (And when PayPal started business years ago, they also enticed new members with $5 free.) Receiving and withdrawing money with Obo is free. Sending money (whether is’s $5 or $500) is just 10 cents.
I think this is an excellent service for anyone… especially those work at home moms (like Avon ladies, etc.) who won’t have to drive across town to collect money any more. Just have your customers pay you via Obo (and get a free $5 when they register!).