Few time ago Ebay bought Paypal and why DP Members use paypal and e-gold ? Simple it is popular now so everyone just using the method which is available for all means if everyone using paypal/e-gold then you have to use it and so on.. Rajat
I've being using Paypal for quite sometime now and have had no major issues... A nice simple to use interface and ios accepted pretty much everywhere!
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Question about exchange rates.. i know paypal rips you off. But how is the exchange rates for moneybookers?
Paypal does not rip you off, they mentioned explicitly that there is a 2.5% foreign exchange rate. Moneybookers isn't all that great either. It is roughly about US$1 to 41.05INR if I were to pay an Indian. I guess one benefit with Moneybookers is that if you are from India, you can set your currency as INR and get people to pay you in INR, that way no matter if the US$ goes up or down, you get the fix INR rate. Your customers just need to bare the cost of the currency exchange if they are using some other currencies.
You hit the nail right on the the head there devAngel..Paypal allows fraudulent buyers because of chargebacks and E-gold allows fraudulent sellers because you cant get your money back.
This is not true. Even scammers can do scam with moneybookers using stolen CC. I have been the victim of such fraud with MB. There is nothing particular for scammers. If their intension is to scam others, they always find some way/loopholes with any kind of secure processor & just rip you off. However scamming with PP as a buyer & with EG as a seller is easy that's why you see this kind of typical scams in more numbers. Not a single system is 100% perfect. I guess this is the rule of the universe.