Is Money Metals Exchange a Scam? This might be the question that is going through your head right now. Well, worry no more. I am here to tell you all about Money Metals Exchange and clarify any questions that you might have about this company.
Is this company the right one for you? Can they be trusted? Well, there is only one way to find out. Come join me as we unravel this company.
Is Money Metals Exchange a Scam? Quick Summary
Name: Money Metals Exchange
President: Stefan Gleason
Price: Depends on your budget
What is Money Metals Exchange?
Money Metals Exchange is a precious metals investment company. Furthermore, they also provide news service on the precious metals market.
Their founder and current president is Stefan Gleason. Stefan Gleason established the company to combat the abusive methods of other companies who advertise coins as "rare" to be able to jack up the prices for 50% or even more!
They are dedicated to helping their customers safeguard their assets as cheap as possible. In addition, they said in their website that the reason for their rapid growth is because they are discreet, dependable, and offer competitive pricing. Furthermore, they won an award from Investopedia as the "Best Overall" precious metals dealer on the internet.
Product and Services Offered
Money Metals Exchange offer a wide array of precious metals. These precious metals are:
These precious metals come from different form. For example, they have coins, bullions, and bullets available depending on the precious metal that you are trying to purchase. Furthermore, Money Metals Exchange also offer Precious Metals IRA.
They also have a buyback service and they promise you that they will give you a very reasonable buyback price. Furthermore, they have claimed to buy precious metals for more than their other competitors would! According to their website, all you have to do is contact them and lock your sale price. If you want to learn more about their buyback program then head over to their website.
They also have a referral program where they would pay you in silver for any successful referral purchase under your name. To add to that, Money Metals Exchange also has an affiliate program.
If you want to learn more about affiliate programs then head over to my Goldco affiliate program review where I will tell you how I earned money from home!
Money Metals Exchange Purchasing Process
You don't need to create an account in order to start buying precious metals from Money Metals Exchange. First, you have to do is select what kind of precious metals you want to purchase. Second, select what form of that precious metal you want to have. Lastly, you add it to your cart and you can now proceed to checkout.
As for payment methods, they have a wide array of payment methods that they accept. These payment methods include:
- ACH Transfer
- Credit or Debit Card
- Money Order
- Personal Check
- Wire Transfer
It might take 1-10 calendar days to process your payment depending on the payment method. Furthermore, PayPal and credit card purchases are subject to a 4% processing fee.
Your order might take 48 hours after payment approval to be shipped. In addition, their shipping rates are set according to your order value:
- $6.97 for orders up to $149.99
- $9.97 for orders ranging to $150 - $499.99
- Free shipping for orders of $500+
They offer insurance on your orders from a third party insurance provider. They also accept returns as long as the customer initiates a return within three days of receiving the package. In order to do this, you have to call their customer service hotline and return the product in its original packaging. Furthermore, you are responsible for paying the shipping fee back to them.
Is Money Metals Exchange a Scam? The Pros and Cons
- They have a clean website layout. Furthermore, it is user friendly.
- Offers a wide array of precious metals. In addition, they also have a news section.
- Buys precious metals from their customer at a slightly higher price than other companies.
- Furthermore, you can choose from a wide array of payment methods.
- There are some negative reviews about them
- They say that they sell their precious metals at a competitive price; however, they sell their metals at a slightly expensive rate.
Is Money Metals Exchange a Scam? The Reviews and Ratings
I have found ratings of them online and only found two websites with credible customer ratings and reviews of them. However, these two websites seems to have polarizing reviews from one another. I will link to them below so you can judge for yourself.
- BBB - 4.28 out of 5 based on 145 customer reviews, A+ Accredited business
- Trustpilot - 2.6 out of 5 based on 23 reviews
In conclusion, it seems that there are mixed feelings about this company.
Here are some companies like Money Metals Exchange for you to review before you invest your hard earned money.
These are our alternatives for Money Metals Exchange. However, our most recommended precious metals company is Augusta Precious Metals! They are highly rated and gives their customers various perks!
To finish this review, I am here to inform you that Money Metals Exchange is definitely not a scam. However, you should still exercise full caution and clarify everything with their customer support team.
I, however, cannot recommend this company with full confidence since there are a lot of mixed reviews about the company. And if that is fine with you, then you are free to invest the company if you want. However, if you want a company that has a lot of positive customer reviews and has amazing customer service then you should check out Augusta Precious Metals!
You can learn more about them by clicking the button below!