> It is very easy to purchase a money order at the post office or grocery > store and mail it to an exchange provider. I don't understand why > people think it's so difficult to fund an e-gold account.
It's a pain when you can buy the product from someone else who takes credit cards. You don't have to buy the money order, wait for it to arrive at the exchange service, (and sometimes it takes over a week), then take a loss of a couple of percentage points when buying the e-gold. > Many people > do balk at the 2% - 5% fees, though. Funny thing is, they're paying > these fees all the time when they use a credit card -- merchants merely > pass their merchant account fees onto their customers in the form of > higher prices. But it doesn't matter because merchants aren't allowed to offer discounts for cash or other payment methods, when they accept credit cards. So there's still a 2% - 5% additional fee when purchasing something with e-gold. > I remember when gas stations offered cash discounts, > but that doesn't happen as much now because people have adjusted to the > hidden fees of credit cards, much as they have adjusted to hidden > gasoline taxes and withholding of income taxes. If they don't see it, > they don't complain. Not the case. Credit card companies have written into their contracts a provision which requires merchants to offer their products for the same price, regardless of whether it's purchased with a credit card or otherwise. Those of you who sell e-gold for credit card payments should read your merchant contract a bit closer. It should be in there. > > Generally, all you have to do to put $100 in an e-gold account is buy a > money order for $105 and send it to an exchange provider. If you don't > like spending the extra $5, try bringing a sandwich for lunch one day > instead of going out to a restaurant. That'll put you about $2 ahead. $105 for the $100 money order will yield what? About $95 of e-gold? It's not a bargain. There are places where revocable payments will rule the market. Such sales involve relatively inexpensive items with high mark-ups. There are other places where irrevocable payments are required: high value items like cars, boats, and houses. These items require irrevocable payments. E-gold has a chance here. Another area of interest is international trade. It is very difficult for people living in third-world countries to sell their products internationally, because no one wants their local currency. So banks charge a high exchange spread to trade currencies for small countries, thereby effectively imposing a huge tax on every purchase made for items in these countries. E-gold has a chance here, as well. E-gold's strengths are that it is irrevocable and international. It has a chance for people who require payments with those attributes. Craig --- You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
