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| nemesis |
 Posted: Sat Mar 19, 2005 6:13 pm Post subject: E-gold and PayPal! |
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Member of the Month! March
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Hey People,
Uhm i was wondering how you guys see and evaluate PayPal and e-gold. So i am basically asking which of these two you prefer more and why? I personally prefer none more than the other as they both show their Pros and Cons....what about you?? |
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| noksagt |
| Posted: Sat Mar 19, 2005 6:27 pm Post subject: |
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Member of the Month! March
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| More people use PayPal & most e-gold users I know still have a PayPal account. But PayPal also has more detractors. I use both services, but infrequently. I always use a credit card where possible (for rewards and for chargebacks/fraud protection) & think you'd have to be a fool to keep money in the PayPal moneymarket for very long. |
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| nemesis |
| Posted: Sun Mar 20, 2005 9:20 pm Post subject: hmm |
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Member of the Month! March
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Hey there,
yeah you are right but actually all the HYIP and so use egold because it is non reversable and with PayPay you can reverse transactions...which is good if you buy something and did not receive it but not if you sell an item and the person reverses the transaction. |
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| noksagt |
| Posted: Mon Mar 21, 2005 4:35 am Post subject: |
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Member of the Month! March
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| I think e-gold also handles account security better (with Turing numbers & such). If you are a seller & have a PayPal charge reversed unfairly, show them the tracking slip--you can get the buyer's account suspended. But they are very inconsistent & you are right that they are not particularly seller-friendly there. |
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| nemesis |
| Posted: Mon Mar 21, 2005 9:28 pm Post subject: mhm |
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Member of the Month! March
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basically everything is risky when you don't personally know that person,..
But on the other hand, PayPal and E-Gold both make transactions and auctions way easier than using real cash.... |
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| noksagt |
| Posted: Tue Mar 22, 2005 4:55 am Post subject: |
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| But also more expensive! Their merchant fees are fairly high. Power sellers should look into setting up REAL merchant accounts so they can directly take credit cards--it is usually cheaper for them. |
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| nemesis |
| Posted: Wed Mar 23, 2005 6:23 am Post subject: yup |
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| hmm...that may be.... Is there a charge if you tranfer your real cash into e-currency? i have always wondered as i cant seem to do it...hehe |
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| noksagt |
| Posted: Wed Mar 23, 2005 7:04 am Post subject: |
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That's how these stay in business! Money changing is a racket. For PayPal, the seller is stuck with fees. For eGold, you can either have a set percentage charged from your account regularly or have transaction fees, similar to PayPal. Depending on your sales volume, merchant accounts can be setup with either monthly fees or transactional fees. If you are a regular seller who needs to accept credit cards, look to Costco--they have modest fees & are more reliable than PayPal:
# 1.67% plus 20? per swiped VISA and MasterCard transaction for retail merchants
# 2.02% for mail order or phone order merchants plus 27? per VISA and MasterCard transaction
# $4.95 monthly statement fee is waived for Executive Members
# One time $25 application fee is waived for Executive Members |
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| bigdave |
| Posted: Wed Mar 23, 2005 8:58 am Post subject: |
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| Paypal is the true way to go e-gold and others are knock offs and many investing scams use e-golds and others similar as it is against paypal's TOS for pyramid schemes and scams etc... You are safer with Paypal. |
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| nemesis |
| Posted: Wed Mar 23, 2005 10:13 pm Post subject: yeah |
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Member of the Month! March
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| ...PayPal seems much safer....they even have a lisence right??? does e-gold actaully have a lisence to do what they are doing?? |
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| noksagt |
| Posted: Fri Mar 25, 2005 1:12 pm Post subject: |
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| bigdave wrote: | | Paypal is the true way to go e-gold and others are knock offs and many investing scams use e-golds and others similar as it is against paypal's TOS for pyramid schemes and scams etc... You are safer with Paypal. | Except e-gold was around 3 years before PayPal. I think it was the first net currency.
It is very seller-friendly, which applies to non-scammer sellers too. Many sellers have had very negative PayPal experiences. |
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| jeter4982 |
| Posted: Fri Mar 25, 2005 1:27 pm Post subject: |
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| noksagt wrote: | | bigdave wrote: | | Paypal is the true way to go e-gold and others are knock offs and many investing scams use e-golds and others similar as it is against paypal's TOS for pyramid schemes and scams etc... You are safer with Paypal. | Except e-gold was around 3 years before PayPal. I think it was the first net currency.
It is very seller-friendly, which applies to non-scammer sellers too. Many sellers have had very negative PayPal experiences. |
Most of these bad experiences are caused by people not doing their homework on the buyer/seller. If someone is using hgfdklhflkd389@hotmail.com , chances are it is not a legimite sale. Just my thoughts,
Tom |
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| nemesis |
| Posted: Fri Mar 25, 2005 4:21 pm Post subject: hmmm |
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Member of the Month! March
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| I didnt know e-gold was older then PayPal, maybe that shows that its doing good and stable. Does anyone know how many people acutally use PayPal and e-gold to compare? |
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| Snickers |
| Posted: Sat Mar 26, 2005 2:15 am Post subject: |
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Neither did I 
But heck I ahve always used paypal, becourse a lot uses it, plus its popular at ebay. And I ahve never had problems with their security either  |
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| jeter4982 |
| Posted: Sat Mar 26, 2005 4:39 am Post subject: Re: hmmm |
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Investing Sr. Associate
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| nemesis wrote: | | I didnt know e-gold was older then PayPal, maybe that shows that its doing good and stable. Does anyone know how many people acutally use PayPal and e-gold to compare? |
I don't have numbers, but e-gold is definitely older. It was the first "online" currency, but I don't think it ever caught on. The reason PayPal caught on was because of eBay. Since eBay owns PayPal, its such a logical connectiction. E-gold is still somewhat popular, but PayPal is the industry standard, because of the eBay connection.
Tom |
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