Why is E-gold so popular?

I've never used e-gold before so my questions are basic.
How do you easily get cash out of e-gold money? There must be a way since so many people from different countries use it? Why is e-gold so popular here?

 

HYIP

that is the keyword i guess

 

For sellers it is very popular because of their no chargeback policy. You can only buy and sell egold tru exchnagers or exchange it with other reputable members for your desired payment processor.

 

How do you redraw e-gold to cash?

 

E-Gold pretty much is used for all those high risk High Yield Investment Program (HYIP). Most of which are scam and the main reason why E-Gold is chosen by HYIP's and fraudsters is because you can set up pretty anonymous accounts and the fact that all money transfers are final so that gives the receipient full protection and the sender no protection at all.

You cannot withdraw e-gold except to exchange it with someone else who would exchange e-gold for cash.

 

That's why it seems to be very popular with scammers.

 

use icegold.com

 

Interesting find. Looks like an Estonian company. Have you used their services or know somebody who has?

 

So basicaly, what you guys are telling is that e-gold attracts mostly shaddy businesses and individuals? Like, most of other more traditional business models don't use e-gold?
It's a shame because their idea looks interesting. They cover everything in gold something like national banks. It seems like a great PR why would they ruin it with the reputation as "scammers heaven"?

 

E-Gold is also very popular due to the very less fee they charge, and because paypal fees is much higher then egold.

 

I used them like 4 or 5 times. Everything was ok, just the fee 5$ sometimes makes me nervous

 

i used http://www.londongoldexchange.com/ when i used egold alot uk only tho i think

 

Thats so called E-Gold, everybody loves that.

 

I think it is popular for the people who are dealing with specific business type like Hype, gambling, casino etc..and those who like this payment model which is based on metal.

 

E-gold is popular because.

1. Scammers love it.
2. Easy to handle, can get the money out of your account in seconds.
3. Fast Exchange.
4. Money can be used to invest and E-gold company doesn't care where the money goes.

 

Huh i know e gold have reputation as scammer heaven but i am very sure scammer more preffer paypal beacuse of ability for chargebacks and sending fraud funds.

 

You guys might want to check on the current status of e-gold. Last i heard they were under indictment by the us courts and had been raided ad nauseum by the FBI. There assets have also all been frozen due to money laundering claims.

So think twice before getting involved in something that might get your name on someones radar.

 

>>> Money can be used to invest and E-gold company doesn't care where the money goes Exactly

 

Icegold.com is a very reliable company. I always use them when I am in need of e-gold. I bought many thousands from them. They are the oldest exchanger in Europe. So if you are in need of e-gold you are 100% if you go with Icegold.com.

There are some sides which offer ATM debit cards loadable with e-gold, also selling your e-gold for VMI funds is available so you can get your e-gold to cash.

regards

 

I have used it in the past but the only drawback I found was the lengthy process involved in trying to fund your new account.
After a couple of transactions,it is very smooth.