Why people don't use E-gold?

Discussion in 'Payment Processing' started by KingofKings, Feb 16, 2007.

  1. #1
    I was wondering why people don't use E-gold?
    I mean why is PP the main payment processor around here?
    With E-gold you can cash out in 30 minutes from an Exchanger.
     
    KingofKings, Feb 16, 2007 IP
  2. EGS

    EGS Notable Member

    Messages:
    6,078
    Likes Received:
    438
    Best Answers:
    0
    Trophy Points:
    290
    #2
    e-Gold is a great payment processor that I have yet to use...

    Nobody really wants to trust it because of PayPal's solid history and overall reputation. :(
     
    EGS, Feb 16, 2007 IP
  3. Disguised

    Disguised Notable Member

    Messages:
    4,330
    Likes Received:
    359
    Best Answers:
    0
    Trophy Points:
    280
    #3
    Egold is quite popular too but not on DP :) There are several reasons for this:

    1)- They don't have a chargeback facility.
    2)- It is quite difficult to fund your egold account.
    3)- you need to trust a third party exchanger to upload/withdraw your funds (And most of the people are not comfortable doing this).

    Egold is not bad at all. You need to be a bit careful and you won't lose a penny. :)
     
    Disguised, Feb 16, 2007 IP
  4. google-boogle

    google-boogle Peon

    Messages:
    119
    Likes Received:
    4
    Best Answers:
    0
    Trophy Points:
    0
    #4
    on talkgold/forum, e-gold is main currency, paypal is not trusted
     
    google-boogle, Feb 16, 2007 IP
  5. eddy2099

    eddy2099 Peon

    Messages:
    8,028
    Likes Received:
    568
    Best Answers:
    0
    Trophy Points:
    0
    #5
    E-gold is bad for customers because there is no protection or recourse for the customer as all Spend are final.

    Also the complication of finding an exchanger especially to change real currency to E-Gold. It would mean doing the expensive wire transfer and losing sometimes up to 20% in service charges to convert to e-gold.

    Talkgold is really about HYIP and that is where e-gold shines, however based on my experience, most HYIP uses the e-gold no chargeback policy by scamming customers.

    I used e-gold and my experience has been rather negative. Paypal provides some avenue for protection and it is way easier to use.
     
    eddy2099, Feb 16, 2007 IP
  6. Brennan

    Brennan Notable Member

    Messages:
    3,318
    Likes Received:
    198
    Best Answers:
    0
    Trophy Points:
    240
    #6
    Yeah I agree people use paypal because of it's history reputation. I use it because it's convinent I can buy stuff of ebay with it and also the majority of DP members sell and buy things with paypal. Personally I don't know much about egold and never hear people talk about it, If I knew more about it I would probably sign up.
     
    Brennan, Feb 16, 2007 IP
  7. KingofKings

    KingofKings Banned

    Messages:
    5,975
    Likes Received:
    143
    Best Answers:
    0
    Trophy Points:
    0
    #7
    I think E-gold is the best currency, if your smart you won't get scammed. Ofcourse if your dumb and send your cash to someone with 0 posts and 0 reputation.. ya then your dumb.. and you need to go use PP so you can chargeback.
     
    KingofKings, Feb 16, 2007 IP
  8. bobchrist

    bobchrist Active Member

    Messages:
    4,102
    Likes Received:
    95
    Best Answers:
    0
    Trophy Points:
    88
    #8
    You need to use an reliable exchange service, most of the time the users find problem for exchange that might be reason people avoid using egold.
     
    bobchrist, Feb 16, 2007 IP
  9. johnwoof

    johnwoof Peon

    Messages:
    911
    Likes Received:
    11
    Best Answers:
    0
    Trophy Points:
    0
    #9
    A scammer in TG have 700 + post & sold thousands of VCC & disaperad with $2000+
    so what would you say ?

    E-gold is for Scammers

    You Dont need to be smart

    even u r smart you loose Money

    See how

    First you buy E-gold Thru Credit card
    E-gold & echanger will cut fees

    then when you take out cash again Exchanger will take Fee which can be 20% or more or u have to buy debit card & every transaction cost u $5 & monthly $5

    In Every step e-gold is taking fees & smart people who dont use paypal are paying those fees

    thanks
     
    johnwoof, Feb 16, 2007 IP
  10. getjimmy

    getjimmy Prominent Member

    Messages:
    17,260
    Likes Received:
    1,005
    Best Answers:
    0
    Trophy Points:
    360
    #10
    Becoz we need to use 3rd party exchager to use e-gold
     
    getjimmy, Feb 17, 2007 IP
  11. KingofKings

    KingofKings Banned

    Messages:
    5,975
    Likes Received:
    143
    Best Answers:
    0
    Trophy Points:
    0
    #11
    There is alot of trusted 3rd party exchanger.. but the dumb people who trade with new ones so they can get a lower fee..
     
    KingofKings, Feb 17, 2007 IP
  12. sweetangel

    sweetangel Peon

    Messages:
    1,383
    Likes Received:
    27
    Best Answers:
    0
    Trophy Points:
    0
    #12
    It depends on what country you are, if you're not included in countries offered by paypal then egold is more beneficial.
     
    sweetangel, Feb 17, 2007 IP
  13. KingofKings

    KingofKings Banned

    Messages:
    5,975
    Likes Received:
    143
    Best Answers:
    0
    Trophy Points:
    0
    #13
    That is what i'm so angry about that everything here goes down in Paypal.. and I can't even open a Paypal account. I have to exchange from e-gold to PP and then buy the product or service I want.. and It's getting on my nerves..
     
    KingofKings, Feb 17, 2007 IP
  14. stickycarrots

    stickycarrots Peon

    Messages:
    4,513
    Likes Received:
    115
    Best Answers:
    0
    Trophy Points:
    0
    #14
    Personally, I have never touched E-Gold. PayPal has all the features I want and anyone I really would want to do business with has PayPal. If they don't, more than likely I don't want to do business with them anyway.

    Plus, I like the subscription feature PayPal has and I'm not sure if E-Gold has that?
     
    stickycarrots, Feb 17, 2007 IP
  15. cool_78

    cool_78 Guest

    Messages:
    11,409
    Likes Received:
    339
    Best Answers:
    0
    Trophy Points:
    0
    #15
    My country cannot recieve payments from paypal so egold is a great alternative. But if paypal is available for sending and recieving funds I'll drop egold in a second.
     
    cool_78, Feb 17, 2007 IP
  16. EXTREME1

    EXTREME1 Peon

    Messages:
    6
    Likes Received:
    0
    Best Answers:
    0
    Trophy Points:
    0
    #16
    I guess its because of exchangers and e-gold is kinda hard to get

    when you get and cashout e-gold money is decreased each time


    But I love gold its all i use:)
     
    EXTREME1, Feb 17, 2007 IP
  17. Tyler Banfield

    Tyler Banfield Well-Known Member

    Messages:
    3,027
    Likes Received:
    173
    Best Answers:
    0
    Trophy Points:
    160
    #17
    Because all my customers use PayPal or Moneybookers
     
    Tyler Banfield, Feb 17, 2007 IP
  18. Clive

    Clive Web Developer

    Messages:
    4,507
    Likes Received:
    297
    Best Answers:
    0
    Trophy Points:
    250
    #18
    I've got about 9$ in my e-gold account..
    If someone can suggest how do I get hold of that, I'm open to suggestions.
    Really want to give up on the account, only would prefer to save the little money in. Can I do that? Any ideas?
     
    Clive, Feb 17, 2007 IP
  19. EXTREME1

    EXTREME1 Peon

    Messages:
    6
    Likes Received:
    0
    Best Answers:
    0
    Trophy Points:
    0
    #19

    can you explain what you mean???/
     
    EXTREME1, Feb 17, 2007 IP
  20. yourihost

    yourihost Well-Known Member

    Messages:
    1,708
    Likes Received:
    45
    Best Answers:
    0
    Trophy Points:
    115
    #20
    I think the question is , why do you use E-Gold?
     
    yourihost, Feb 17, 2007 IP