What are the problems with using E-Gold / Gold Money instead of Paypal etc...?
 

http://www.e-gold.com

http://goldmoney.com

Anybody using these? E-gold seems to have been around for awhile, could they be an effective way of charging for adult business services - seeing as Paypal could suspend your account at any time.

Bump.. I personally think this is an awful way to transfer money.. too dodgy

How is e-gold dodgy? It's been around for a while.

It is hard as fuck to load your account.

its anonymous.. which is a double edge sword.

Is this more dodgy than say, Stormpay (no offense to those involved)?

Why is it hard to load the account?

Anonymity is fine with me, as long as I can track the movement of transactions IE. who sent me what and when.

We both accept e-gold.com for payment and payout our sellers using e-gold.com It great for international accounts. I highly recommend it. If we had any demand we would use goldmoney also.


Jason

Since your money is in precious metals, you're at risk to the fluctuations in the metals market. An example, gold closed down about 4 points today I believe (over $4) so you would have lost $4 if you had $365 in your account (the spot price of gold).

Got it?

It's comparable to owning a stock instead of owning money because the value rises and falls based on the market.




Penn

I like it, its been around for a while, and frankly I trust the gold market a lot more than I do paypal.

I know some people starting up an even better gold-based payment system, just wait :)

I have an e-gold account with about 7k in it... Never had a problem, I work with an exchange when I want to withdraw or add money.

Usually get money wired to account within 72 hours after send the request to my exchange....

Not a bad deal.. Lose a few bucks on the buy/sell but it is safe imho...