E Gold is an online payment gateway similar to Paypal but it uses gold as units for calculations. You normally fund it by purchasing it from vendors whom you pay online and who give you egold back in return, check their web site for more details on such vendors. You will need such services if you are transacting online especially with those who only have e-gold accounts.
http://www.e-gold.com/unsecure/qanda.html You fund it thru third party exchangers who provide this service like, me-gold.com, icegold.com etc or from other egold users. Most of peoples prefer egold because can't be changedback so payments are final,some because can't use paypal.
I fund my egold account using a local exchanger in my country. Egold is good e-currency, but I more prefer using libertyreserve, they have more secure program than egold.
Some people want to be paid in egold because they do not have a refund policy, meaning once you are paid you stay paid.
also doesn't require any verification and you can fund your account only through an exchanger. e-gold is good for sellers and money laundering
Dr. Douglas Jackson introduced E-gold in order to break the monopoly of Big Financial institutions and also to break the barrier placed on the less privileged or people who cannot afford to own a master/visa card for International Trade and Online payments. However, due to the simplicity of the system, people do take advantage of e-gold for scams and other fraud activities. Now Dr Jackson has been indicted for money laundering and related crimes for allegedly allowing sellers of child pornography, operators of investment scams and other types of criminals to send and receive payments related to their misdeeds. so let's stop scamming and keep E-gold alive.
E-gold is like paypal. You can't charge back on this one so lots of people use it. But the problem is that your account might get suspended indefinitely
you can find a more information about the businesses that are accepted E-gold as a payment method and also the reliable exchangers, in e-gold official website: http://www.e-gold.com/unsecure/links.htm
Lots of scam around, be careful. There's a list of honest exchangers on e-gold site. I use GoldThrift to buy and sell e-gold, they're reliable.
Hmm still a bit nervous.... if this is based on gold does the value of your money increase and decrease?