E-Gold has been on the market long enough and is considered a solid payment processor. It has been accepted and is being used by so many companies, money-making sites and even in auctions like Ebay.Many people confuses E-Gold as a normal payment processor like moneybookers or paypal. Let me clear this doubt – E-Gold is not cash money, it is a system which uses metals (like gold,platinum,silver) as it’s medium of transaction.So, you cannot withdraw your E-Gold from your E-Gold account to your local bank as real cash! No! If you request your E-Gold amounts, they will send you physical Gold!This type of transaction is the strength of E-Gold.
So, the “uploading cash to your E-Gold account” is best termed as “buying E-Gold to your account“; and this is done by using Credit Cards! With E-Gold transaction are anonymous, but this also has its side effects..– But Why then should you use E-Gold? –=> From my personal experiences, I have seen that E-Gold is very useful to accept payments from paying sites or from occasional dealers who use E-Gold.
For me E-gold has been very handy in the sense that I received payments from various paying sites like:
1) MyLot Forum (Paid-To-Post)
2) Gold-Age Forum (Paid-To-Post)
3) Online Opening Forum (Paid-To-Post)
4) GP Treasure (Paid-To-Sign)E-Gold supports instant payment and has a very straight forward donation link available to you.
– Exchangers –
There exists many exchanges (websites where you can exchange money from one type of account to another, for example from E-gold to Moneybookers..etc. But since I have not yet tried these, I’m surely not in a good position to give some advice at this time.
=> Side Advice:
– Stay away from programs like HYIPs and the alike unless and until you gain much experience!
You would also like to have a look at my next post on “Moneybookers better than Paypal“