Hi,
> OK, but how does the Exchange Service stop the police from being called by
> those who get scammed, over and over again, with accusations that YOU are
> the thief? It's not possible to continue to do business in that kind of
> environment.
I totally agree. I can only imagine that "that kind of environment" you are referring
to must be the USA and that it must be impractical to run a MM business from there. I
think even in nanny Western European socialist states, the police would politely tell
the victim it's a civil matter, to take more care next time they choose to send money
to some unknown character, and duly file it away somewhere while they get on with
investigating more important crimes. I mean to send money like that, and then to blame
the MM on top of it, these people must be absolute retards. I find it hard to believe
that the situation is really so bad.
Thankfully, however, the Bush administration seems intent on cutting back some of the
intrusive anti-financial-privacy legislation such as automatic reporting.
> What I mean is, is that as long as the e-gold seller doesn't know the buyer,
> and the buyer makes a traceable payment to the seller, then the seller has
> to identify the buyer. There's no way for the buyer to make a payment
> without a traceable payment, other than walking in with cash in hand.
OK, I understand, but on the other hand if the buyer makes a traceable payment to the
seller they have ALREADY identified themselves. Maybe the MM does not know who they
are, but there is an audit trail back through the banking system which law enforcement
can follow if the guy turns out to be a big-time crook. This is effectively what
Omnipay, for example, say on their website. They say reporting is not required because
they only deal in traceable bank instruments.
I think the Big Brother/SS/Money Laundering guys would argue it is MORE important to
ask for ID when accepting a non-traceable payment. I would say, to hell with Big
Brother.
I don't exactly know the solution to this problem, but I'm not an MM - I am a
consumer. I know I can pay by check or wire transfer to someone like Thomas Cook or
currencies4less.com and once it has cleared I can get a credit instrument from them in
another currency. They don't care if the check comes from a third party or whatever.
Admittedly they do ask for ID.
As an e-gold user I have plenty of choice still - Goldchanger take third party checks,
Omnipay send wires in many currencies, Eurogoldline have access to bank accounts
worldwide and accept Western Union, and I'm sure there will always be new MMs offering
innovative services. While these people are happy to do business then I don't have any
problems.
I just don't see how these companies can offer those services, while others find the
need for intrusive questioning and background checks.
Just my two cents worth as it seems trendy to say on this list, and no I don't expect
any tips for it :)
offshoresurfer
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