M2MXchange
A platform where our members can GET and FUND small personal loans
Do you need a small loan of $ 500 or $ 1,000?
M2MXchange Platform
Our amazing and innovated small-loan marketing platform where members (borrowers) in need of a short-termed personal loans for amounts of $500 or $1,000 dollars can request it from other members (lenders) who can fund those requests and earn 18% interest rate and awesome HUGS.
THIS IS HOW IT WORKS
BORROWERS
To post a loan request, a member must have had a previous income tax filing with PlusMoreUsa.
This Is How You Get Funded
Complete
Request a loan by completing the M2MXchange loan request below. Enter the loan parameters and enter a your HUG.
Receive
Get the funds in your checking account via zelle or bank transfer¹ from PlusMoreUsa in minutes.
Repay
Avoid late charges and penalties by paying your loan on time. Better ratings faster loan funding.
HUGS – Hugs are tips that borrower can use to attract lenders. Hugs makes the loan requests more attractive and faster to fund. Earning just18% a year on a small loan that will be paid off within weeks, may not be a great investment for lenders, but hugs make the transaction more appealing.
Example A
Joan requested a small $500 loan to pay off in two weeks without a Hug. Her payoff amount would be $503. ($500 Principal, plus $3 Interest). Since all the requested loans on M2MXchange carry the allow-by-Florida-status 18% annually, the interest would be just $1.73 per week. Joan may find her loan hard to fund because most lenders will not release $500 to earn just $3 in two weeks.
Example B
Mary requested a small $500 loan to pay off in two weeks as Joan did, but Mary offered a volunteered HUG of $35. Her payoff amount would be $538. $500 Principal, $3 Interest, $35 Hug.
BETTER HUGS – FASTER FUNDED LOANS
¹Same day transfer to a non Bank of America account may incur charges of $3 (3 days transfer), $10 (next business day transfer, or $30 (same day transfer).
LENDERS
To be able to fund small loans, a lender must be an active Member PLUS.
This Is How You Earn Money
Access
Enter into M2MXchange within your dashboard in the main menu to view the available loan requests.
Review
Evaluate based on ratings, terms and hugs the loan request you want to fund.
Transfer
Fund the loas via transfer through M2MXchange to be backed by our terms of services.
Earn
Sit back and relax. Start earning 18% on interest, late fees, penalties, and Hugs from your funded loans.
M2MXchange Fees
Sunshine State of
FLORIDA
You can earn up to 18% making small personal loans to other members on M2MXchange. Get more than any bank’s CD yield (Maximun 2.45%*) and more than the 8th most yielding stocks on Wall Street.
FAQ
Most frequent questions and answers
If I reside outside of the State of Florida, how can I use the platform?
The meeting point to carry out the transactions is the State of Florida. Members may use the platform as they use ebay or amazon.
The borrower service fee is $0.015 per each dollar borrowed and $0.25 per each $1 of the Hugs received by the lender.
The Hugs are taxable income. As a lender member you pay taxes on the Hugs, less the cost deducted from PlusMoreUsa as an advertising fee.
The M2MXchange Platform is a solution to grow a small amount of money faster, in a more secure way. To invest on Wall Street, you have put a lot of money to really earn on your investment and you have to learn how to trade or invest. Also, you have to be very lucky to pick the correct stocks to make money. Tax liens is another gamble since you have to go to auctions and bid down from 18% (Florida guidelines) against other money-loaded investors. The fees associated with the creation of tax liens certificates, most of the time, surpass the earnings. With M2MXchange, you can earn a fixed 18% per year per loan, plus you can a Hugs (voluntary tips) from borrowers who thank you for looking after them by funding their small personal loans.
PlusMoreUsa provides the Platform as a marketing services for the members to exchange in the transaction. We serve as the channel where funds are transfer and in case of a default, we serve as a mediator and collector of the unpaid debts.
It is your money and we do not give investment advises. You can do as your risk level allows you to. Most information on investment recommends not to put all your eggs in one basket, but again, there is no rule that says otherwise.
Hugs are voluntary and do not constitute part of the transaction. A borrower member can offer it to motivate lender members to look at their loan requests. Hugs are not mandatory and are not part of the loan agreement. PlusMoreUsa cannot collect from the party for not giving the Hugs he/she offered. The lenders have the feedback and comments features to report his/her experience with the borrower. Is in the best interest and credit profile of the borrower to pay as promised to avoid negative status.
The Hugs should be given after the final payment is paid, right at the rating screen. However, just like all tips, borrowers may transfer the whole amount in one single transfer to avoid delays.
When you make a transaction outside the M2MXchange platform, you have operated outside of our terms of use. We have no legal obligation or right to collect your money.