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  Post #1 (permalink)   12-27-2007, 01:21 PM
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I have been considering using E-Gold for some time now, but I do not really know too much about it. I know that you have to exchange it for us dollars at websites offering this service.

Does anyone use this payment method and what are thoughts on it? Also does anyone know of a good trustworthy site to convert it to Us dollars and get it sent to Paypal or bank transfer?
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  Post #2 (permalink)   12-27-2007, 02:03 PM
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Quote:
Originally Posted by X9kevin View Post
I have been considering using E-Gold for some time now, but I do not really know too much about it. I know that you have to exchange it for us dollars at websites offering this service.

Does anyone use this payment method and what are thoughts on it? Also does anyone know of a good trustworthy site to convert it to Us dollars and get it sent to Paypal or bank transfer?
I haven't used e-gold personally however there are a couple things you need to consider before signing up, which can be read on Wikipedia
 
 
 


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  Post #3 (permalink)   12-27-2007, 11:58 PM
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I wouldn't advise them. Also, I remember reading an article, which states they are under investigation.

There support lacks and if you run into fraud orders etc.. They don't help out or provide quality support compared to Paypal.

In the end it's up to you, but I wouldn't advise them at all.
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  Post #4 (permalink)   12-28-2007, 04:33 AM
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Quote:
and if you run into fraud orders etc..
As far as I recall there is no chargeback with egold, so the fraud orders (if someone claims such) are not as damaging. You may refund the person, but at least you don't stand the risk to be hit by chargeback fees as well.
 
 
 


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  Post #5 (permalink)   12-28-2007, 05:03 AM
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personally i have never liked E-Gold, they just look a bit strange to me.
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  Post #6 (permalink)   12-28-2007, 02:32 PM
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Quote:
Originally Posted by Harry View Post
I wouldn't advise them. Also, I remember reading an article, which states they are under investigation.

There support lacks and if you run into fraud orders etc.. They don't help out or provide quality support compared to Paypal.

In the end it's up to you, but I wouldn't advise them at all.
Consitters not using it anymore.
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  Post #7 (permalink)   12-28-2007, 03:52 PM
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im expanding to different forms of payment systems. i currently use paypal, and moneybookers, and e-gold is another area im thinking of using. e-gold is used by alot of sites that want to avoid getting cuaght, and i hear alot of people getting their e-gold account so idk about them.
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  Post #8 (permalink)   01-31-2008, 10:50 PM
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I had heard of these guys a while back, and looked in to it. I really liked the idea of owning actually shares of gold (like the silver certificates the US reserve issued at one point) and of having an investment in something other than the federal reserve should we face a recession in the US... but the federal indictment scared me away. They were indicted for money laundering and that concerned me greatly. I didn't want to lose money because the company went to jail or something. To me, it'd be like working with the mafia.
 
 
 


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  Post #9 (permalink)   02-01-2008, 07:48 AM
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Just like everyone else, i would not trust E-Gold. The service offered is sub-par compared to other sites and they are not nearly as safe. PayPal is much more financially sound also, meaning you dont have to worry about losing your money in them. Last, very few places and very few people use and accept E-Gold. Having E-Gold could open you to a market others cannot accept money from, but is it worth the hassle?
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  Post #10 (permalink)   02-01-2008, 08:04 AM
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Count mine as another vote against e-gold.

At first it sounded like a good idea, however, the more research I did made it sound like a bit of a scam. Of course, you can always find bad when researching something on the internet, so maybe it's perfectly legitimate and safe. I really don't think that I'd have that man customers that would use it so, to me, it's not worth the risk.
 
 
 


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  Post #11 (permalink)   02-01-2008, 10:35 AM
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I only trust E-gold as far as I can throw them!

They seem like a company for crooks BY crooks!

I don't really think Paypal is really that safe either, but I don't think that's entirely Paypal's fault, since nothing is fool-proof.

E-gold however makes it awfully easy for E-crooks to steal money, and make off with it before anything can be done.

So no, I would never recommend anyone to use E-gold.
 
 
 
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