E-Gold as a payment option?

[Dr Bizzaro]

A potential private submitter just asked me if I take "E-Gold" (http://www.e-gold.com/) as a payment option.
I said no and up till now, I have not even heard of it. I went to the site and it sounds strange, yet interesting. (using gold bullion as a world wide form of payment.)

Anyone use this as a payment option and if so, how do you like it?

Pro's? Cons?

[digifan]

Hey Dr,

Egold sounds strange for me too but they are not new for sure.. I prefer epassporte personal as an additional option. They are way cheaper than paypal and international.
I know one company which accepts egold, their site is http://www.imageauction.com .

Just my 2 cents worth :)

[Surfn]

Never heard of them Dr B |noclue|

[Noelani]

I've used their services before at a customers request and had the money in our bank account that day. It's just like a wire, but you pay for the transfer fees.

[chowda]

dont take it

well its money that has no trace on it. but like paypal

often used by scammers.. take paypal.

[Hank_Heartland]

Phil,

E-Gold is a commodity's game...you might as well be buying and selling gold. As gold goes, so does your money... If gold takes a hit before your money gets converted you are fucked!

[ImageAuction]

I have been using http://www.e-gold.com since 1997 when I used it to pay for my conference registration to Financial Cryptography 97. E-gold is a good system and free from most any government regulation. The reason its often used by scammer is that its non-repudiatable. In other words, no chargebacks.


And yes http://www.imageauction.com does take e-gold and we pay out some of our sellers in e-gold.


Jason
support@imageauction.com