What is Ribbon?
Ribbon is a simple way for friends to send and receive money using debit and credit cards.
How is Ribbon different from other payments apps?
Ribbon is more seamless and intuitive than any app that’s come before it.
Your friends don’t need to download an app or have an account to send and receive money from you. Ribbon allows you transact with anyone at all, whether or not they have a Ribbon account. Imagine that.
How much does Ribbon cost?
It’s always free to receive money.
It’s free to send money using Ribbon as long as you’re using a debit card. If you’re using a credit card, there’s a 3% fee per transaction.
Is Ribbon secure?
We take security very seriously. All transactions are encrypted and SSL secure.
In which countries can I use Ribbon?
Right now you can only use Ribbon if you are in the United States. We’re hope to expand internationally in the future.
When will I get an account?
Because of the high level of interest, we’re giving out accounts on a limited basis throughout early 2014. We can’t tell you exactly when Ribbon will be available for you, but we are working hard on getting you on the service as soon as we can. The good news is that you can get earlier access if you refer friends to join you on Ribbon. Read on!
How do I get an account sooner?
We believe you’ll get the most out of Ribbon if you have some friends using it with you, so we want to give you an account sooner if you get friends to join. Tell them to sign up using your unique referral link, which can be found in the email confirmation that we sent when you signed up.
What’s the significance of the groups?
The groups reflect how soon we’re ready to give you access to your Ribbon account. Everyone starts waiting in group 3, moves to group 2, and ends up in group 1 when they’re next in line to get an account.
How do I move to a higher group?
Everyone moves to a higher group over time as we release more accounts, but you can move up the groups when you refer your friends to join. If 3 of your friends join using your referral link, you’ll move up to group 2. If 5 of your friends join, you’ll move up to group 1.
Why should I invite my friends?
Though your friends don’t need an account for you to transact with them, the experience is even more seamless when both parties have an account. The earlier you invite them, the earlier they’ll get an account. As an added bonus, you’ll also move to a higher group when you invite friends!