E-Gold, i need to know more!

calvynlee · #1 (**permalink**) 05-03-2007, 09:54 AM

Hi all,
For pay pal, i have experience using it, but now come to e-gold, i have no idea, what i know is almost similar to pay pal, online payment gateway! but come to realiable,i don have an answer!

my friend ask me this question "if my $$ put in E-gold...it's 100 % safety ?"
i not sure how to answer him! for my knowledge,it shuld be safety!

how u guys think? any one have use e-gold before? any different with pay pal?

iamfreelancer · #2 (**permalink**) 05-03-2007, 04:29 PM

there is a post on egold before and i have placed some comments on that thread relating to egold....

plz check out the thread at:-

e-Gold order cart?

calvynlee · #3 (**permalink**) 05-03-2007, 06:56 PM

according to ur post "Funding Method: Cannot fund it with cards/cash- need to buy from existing egold holder/exchanger"

ist the same method like i buy pay pal fund from other? other then use c.card
the method to cash out similar to pay pal?need to cash out at oversea?
i heard alot ppl said beware of scam in e-gold, if we correctly login to e-gold website, the fund we buy from e-gold holder shuld be rel rite...except we login into wrong website...ist?

iamfreelancer · #4 (**permalink**) 05-03-2007, 11:41 PM

Quote:

ist the same method like i buy pay pal fund from other?

actully, paypal against buying/selling fund among members... its against their paypal policies.
however in egold, this is the only way to get / sell your egold fund.

Quote:

other then use c.card
the method to cash out similar to pay pal?need to cash out at oversea?

unlike paypal, egold cannot directly withdraw/cashout to any bank acc or request a cheque payout.
You may cashout by selling it to other ppl whom willing to buy from you. Other than selling to a third person, there are some debit card that willing to accept it but i haven't use one before.

Most of the people just use a local kl exchanger to cashout their gold... you just sent the egold to them and they will transfer the money to your local bank acc.

However, alot of local exchanger especially those individual whom offer this service are a scam.... once you send them your money / egold... they just keep quit and ran away with your gold. The reason why this scam cannot be stopped is egold practice anonymous transaction and no reversal policies..

unlike paypal, if someone cheat you, you can file a dispute within 30days of transactions and still have a change to get back your money.

Quote:

if we correctly login to e-gold website, the fund we buy from e-gold holder shuld be rel rite...except we login into wrong website...ist?

the scam is not from the egold or philshing website... its more likely come the egold exchanger... you sent them money/gold and they can run away with it.. i read alot in the forum that most of them just give you false name and even false ic no so that you can't catch them... furthermore policeman don't even care bout this... i think.... if you told police you have been cheated egold... sure they garu kepala wan.....

one more thing... there are some viruses/trojan that target specifically on just egold account whereby they steal you egold ac and password and then transfer out all your gold... once again.. once gold is outof your acc... there no reversal... that why those hacker are so interested to create virus for egold.

If you would like to buy/sell egold... i recommend you to contact this guy name jasper from egoldmalaysia.com. He operated an local egold exchanger in cheras kl here... he is ok to do transaction with as he run another webhosting company that i've been using for the past 5 years.

suppose if you want to benefit me by using my affliate links in egold malaysia... just pm me...

calvynlee · #5 (**permalink**) 06-03-2007, 10:24 AM

thank alot for your explanation! now i have more clear picture on e-gold.

but i hv 1 more question, the transfering of e-gold fund, have any charges between?..i heard people said there was 5% charges btw!

iamfreelancer · #6 (**permalink**) 06-03-2007, 10:55 AM

egold have transaction fees like paypal but their rate is much cheaper. You be charged a fees only when you receive egold in your account. You won't be charged for transferring egold out.

you can checkout their fees at http://www.e-gold.com/fees.html

their fees based on the weight (in grams) of gold which till now i still can't figured out how its actually calculated...

rksy81 · #7 (**permalink**) 06-03-2007, 03:59 PM

i had use e-gold for few years already..you can easilly exchange it from egold exchanger here in Malaysia..i would recommend r2gold..they're registered company at SSM. Yeah, the charge is a lot cheaper than paypal..but be carefull with who you trade with coz i don't think egold has a refund feature like paypal..''once it go out, it never come back''..hope that can help you..

calvynlee · #8 (**permalink**) 06-03-2007, 11:35 PM

basically i did not know how much paypal charges, i only buy pay pal fund from some one in lowyat and pay my domain at namecheap, it did not charges me any buck! so do fund transfer to other...but i not sure wether pay pal charges namecheap onot

how bout e-gold, if i buy some fund from those egold exchanger, when they transfer $$$ for me..do i get charges? and if i pay any thing online , do i get charges?

iamfreelancer · #9 (**permalink**) 07-03-2007, 12:37 PM

paypal and e-gold charge you a fees for receiving funds only. You won't be charged for sending/paying from your account.. the receiver will be charged instead..

for paypal fees please refer to the below url:
http://www.paypal.com/cgi-bin/webscr...y-fees-outside

for e-gold fees please refer to the below url:
http://www.e-gold.com/fees.html

menghua84 · #10 (**permalink**) 08-04-2007, 04:47 PM

yes there are fees for accepting funds from egold.. but remember that the amount in egold will change according to the gold price market. So it is totally different from paypal because you won't have an exact amount in your egold account.

you can also consider egold as an investment as well because you are investing in the gold market.

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