GreenZap is a world-wide payment service which allows customers to send and receive cash easily and securely online. Services can be used to make purchases from online merchants or to send money quickly to friends or family. The GreenZap mission is to provide customers with quality and personalized service by developing a system that allows users to communicate and make smooth transactions electronically. Cash rewards are offered to new members.
The GreenZap team is comprised of specialists in many fields including Internet Security, Legal, Design, Customer Care, IT, Business Management and Marketing. The company Advisory Board is made up of experienced legal, international business, banking, sales, technology and finance individuals.
Opening a GreenZap account is free and can be done by visiting their official website. Members can send money to anyone that has an email address. Recipients must open a GreenZap account to receive funds. Members can make online purchases through ZapExchange, GreenZap’s classified ad sites. Money requests can also be made from one member account to another.
GreenZap provides two kinds of accounts, Green and Gold. Green accounts are free to sign-up. Sending money is free while receiving funds is subject to a $2.00 fee. Gold accounts cost $100.00 at sign-up and have no fees in conjunction with receiving money. GreenZap Gold members are given the opportunity to sell products as a GreenZap merchant.
WebCash was created by the GreenZap team to provide cash rewards to all new users. Every new member receives $25.00 in WebCash upon signing up. Unlike real money, WebCash can only be used to buy items from ZapExchange and make purchases from their list of preferred merchants in GreenZap Storez. Members can not withdraw, buy or sell their WebCash as it can only be used exclusively online.
Deposits sent to GreenZap accounts can be made via United States Electronic Bank Transfer and Mail-In Checks. Electronic transfers must be made using a verified bank account. Checks, Money Orders and Cashier’s Checks must be made out to GreenZap, Inc.
All account funds are placed into an FDIC-insured banking institution which is subject to pass-through insurance to protect deposits of up to $100,000.000. In the case of a GreenZap insolvency, user funds are protected from creditors and will be returned.
GreenZap can only be used to send and receive funds internationally between approved countries. Non-approved countries include Cuba, Iraq, South Korea, Thailand, Libya, Singapore, Nigeria, Afghanistan, North Korea, Iran, Syria, Nicaragua and Sudan.