Which is better for payments Paypal or E-Gold

@tonyxxx (693)
India
March 24, 2007 2:22pm CST
Hi friends as I have to choose an option for getting payments , I was wondering which will be better Paypal or E-Gold. Which is easy for getting the money and with least amount of commissions or converting into once currency and also how much time one takes for sending the money and also which one is more reliable and safe. Please help me in selecting, as I have never received any money online and for the first time it looks to me that I will be able to make money online through myLot.
4 people like this
14 responses
@mvsrao (4365)
• India
25 Mar 07
If Paypal account is available for your country then you have to select Paypal to get your Mylot earnings . There will be no other choice at the present . You have not specified your country at your profile , hence it is difficult to say which of the Paypal / E-Gold is better for you to get your online money .
@mvsrao (4365)
• India
25 Mar 07
^ Indians have to use Paypal account to get Mylot earnings . And Paypal suggests to use a credit card (visa type) to verify the account to remove certain restrictions . Paypal can issue bank cheque in local currency (Indian Rupees) . Minimum withdrawing limit on Paypal thru a cheque is 150$ . More details are available at the following links : http://www.mylot.com/w/discussions/649496.aspx http://www.mylot.com/w/discussions/536541.aspx
2 people like this
@tonyxxx (693)
• India
25 Mar 07
I want to know about India and do they issue checks in the local currency, Thanks for taking interest in the discussion.
1 person likes this
@tonyxxx (693)
• India
25 Mar 07
Thanks a lot for the information is there any option besides cheque and do they charge any fees for account openening.
2 people like this
@scapula (760)
• Jordan
24 Mar 07
I think both are good , but recently , I had difficulty in converting paypal to e-gold , so e-gold is a hard difficult money to get , so personally I prefer e-gold where you can use it to invest all over the internet. Paypal is widly used to buy everything you need on the internet but unfortunitly you can't invest your money using it.
2 people like this
@tonyxxx (693)
• India
25 Mar 07
Thanks for the information ,I will not be using the money for online purchases.
1 person likes this
@whacks (774)
• Philippines
25 Mar 07
Here in the Philippines, we do not have PayPal and so we use e-gold which is found to be good, safe and reliable.
1 person likes this
@tonyxxx (693)
• India
25 Mar 07
Do they(e-gold) issue checks in your currency?
1 person likes this
@mvsrao (4365)
• India
25 Mar 07
^ E-Gold doesnt send money / cheques . Members have to select a agent from a list to get their money from E-Gold account . And in India , transactions with E-Gold are considered as illegal as per the Reserve Bank of India directives .
2 people like this
• Pakistan
25 Mar 07
hey m new to mylot...i've registered with e-gold and i dont know how to get the money from mylot through it...ok i'll be earning money but do i physically get the money....
• United States
24 Mar 07
I have used paypal for several years without a single issue. It is safe and reliable. The money transfers very easily. Although I have not used the other one you mentioned, I would not stray from paypal for any reason. They are also widely accepted in many places. Another plus. Whichever you decide. Good Luck !
@franxexces (1096)
• Philippines
25 Mar 07
e-gold because we don't have paypal in the philippines.
1 person likes this
@tonyxxx (693)
• India
25 Mar 07
Yes you are right for you its only e-gold.
1 person likes this
• Malaysia
25 Mar 07
for me...as user for this account...i like use paypal...as my account..cause..paypal is safe better then e-gold..cause hacker can donate e-gold account...i lost my money about $20 in e-gold...maybe for you $20 not much money..but for me..that is big money...i`m from malaysia...after change in malaysian money that bout rm70.. but many website for investment or games..use e-gold for transfer...cause that is easy then paypal...you don`t need to verified like paypal...cause paypal you must have credit card...to get unlimited access in one day...if you have credit card if suggest you sign up paypal accout...
1 person likes this
@tonyxxx (693)
• India
25 Mar 07
Thanks friend for the information, as far as $ 20 is concerned I will only say that here we are responding for 1 cent so the question of not much money dosen't arise we all are sailing in the same boat.
@sharon613 (2321)
• United States
25 Mar 07
I prefer paypal. It takes longer for payment to get into your E-Gold account.
@tonyxxx (693)
• India
25 Mar 07
Thanks Sharon you have given one new information that it takes longer to get payment into E-Gold account.
@blueman (16509)
• India
25 Mar 07
if you are planning to withdraw your funds then i think paypal is better but if you intentd on spending them online egold is better for transactions.
1 person likes this
@tonyxxx (693)
• India
25 Mar 07
Thanks though presently I have withdrawing the funds in my mind.
1 person likes this
@Jamian (2603)
• Philippines
25 Mar 07
e-gold is better my friend, it is safer and easy to use.
1 person likes this
@tonyxxx (693)
• India
25 Mar 07
I think you are right as for e-gold you don't need a credit card no as mentioned in the previous responses.
1 person likes this
@raghwagh (1527)
• India
25 Mar 07
Hi friend, I will suggest you to select paypal as the better payment receiving option.In case of egold the balance changes everyday according to the price fluctation of metal. Again if you want to invest in different options then you should select egold as most of investment plans use egold.And if you are planning to go for online shopping using ebay then go for paypal as it is best option.Thus the payment option depends on your requirements.
@tonyxxx (693)
• India
25 Mar 07
Yes quite an interesting point gold prices do show a lot of fluctuation.
• United States
25 Mar 07
i would go with paypal myself. paypal has a safer system and it is recoverable if you loose your info. i personally am not real comfey with e-gold. i do have an account with them cuz i need one, but i keep little money in either as they aren't as safe as physical banks.
@tonyxxx (693)
• India
25 Mar 07
Yes you are right a cent in phsical bank worth 2 in the internet/virtual bank.
@toffeenut (163)
• Philippines
25 Mar 07
If only paypal is available in our country, I'd go for paypal for sure. I think it is better and safer and because paypal's been established for years already. and most companies online are affiliated with paypal.
• Philippines
26 Mar 07
The only time I heard of e-gold was when I applied for mylot. I think e-gold is safe too but if you're really into online businesses and stuff, go for paypal.
@tonyxxx (693)
• India
25 Mar 07
Yes you are right though I have not used any one of the two , but still I have heard about paypal more then e-gold.
@ynocenta (81)
• Romania
25 Mar 07
I prefer E-gold payment. Don`t ask me why ... I heard it`s good :)
1 person likes this
@tonyxxx (693)
• India
25 Mar 07
Ok it's fine many of us have never used these services and can only share what we have heard or read.
1 person likes this
25 Mar 07
Paypal works worldwide, not sure if e-gold does work worldwide.. Thanks. How this site work?
@tonyxxx (693)
• India
25 Mar 07
Thanks for the reply, yes paypal works worldwide.About this site as you can see it has over 80000 members and has many testimonials about its payment,etc.Besides you can judge for yourself after few days.