5Paypal or E-gold. which one is better.
By zirgham
@zirgham (601)
Pakistan
6 responses
@goldcomp (10)
• Panama
6 Jan 07
It really depends on who is receiving the money, where they are located and how much. E-gold can be used in any country, PayPal has some restrictions http://www.paypal.com/cgi-bin/webscr?cmd=p/gen/ua/policy_payments-outside
Paypal via sign up requires a bank account/credit card type deal to verify who you are, e-gold requires nothing.
Paypal transactions can be reversed, e-gold are NON reversible. So if you are a merchant accepting PayPal you may sell something, ship it only to find out weeks later the charge has been reversed.
Costs for using PayPal on a sale or transfer of small amounts under like $5 are way more then e-gold, especially if you are making small payments under $1 e-gold is perfect, PayPal is like .35 cents per payment.
E-gold allows all accounts to act as a personal or merchant account, you can set an account (5 mins) and begin accepting fund immediately for sale.
However, e-gold with around 3 million account and PayPal with 120 million, PayPal is much more accepted worldwide.
Its not that one is 'better' than the other, you can accept both at your web or personally as long as you are in the correct country, have a bank account or CC and verify who you are.....
e-gold is good for some tasks, but mainstream, PayPal may work also for others. You may also try www.moneybookers.com which is an easy set up or www.webmoney.com
If you would like more info follow:
http://www.digitalmoneyworld.com blog or
http://www.the-gold-blog.com
@umer6945salman (1389)
• Pakistan
17 Feb 07
i think that egold is best, cause you can send even 4 $ via alertpay. and you will receive a check
1 person likes this
@satya_music (586)
• India
4 Jan 07
in e-gold the money is not secure so paypal is the best, most secure e-money handler, so open your account in paypal only.
@victor234 (506)
• Brazil
21 Feb 07
I prefer Paypal but in my country, the intermediator that accetpt currency, prefer receive e-gold currency. I like paypal because has a lot of sites that you can buy with it.