Hey all, Came across this today on Ralph F. Wilson's "Web Commerce Today", www.wilsonweb.com, it is from a paid subscription, so unless you are a paid subscriber you won't get the whole story, but the rest of it is just discussing other alternative payment systems online.
This is particularly poignant due to the recent discussion on e-gold fees and the "spread". You'll love the last line. Enjoy! --------------------- Product Brief: e-gold E-Gold (www.e-gold.com) is an electronic currency, issued by e-gold Ltd., a Nevis (West Indies) corporation, backed by gold bullion in allocated storage. The system includes a shopping cart interface that allows shoppers to pay in e-gold. There is no cost to set up an account, though when I tried, I got the message, "Unable to create account at this time. Please try again later." There are two ways to put money in an e-gold account: (1) receive payment in e-gold from another account holder, and (2) exchange your national currency for e-gold using the services of an independent exchange market maker. See E-Gold Service. http://www.e-goldservice.com At its simplest merchants can place on their site a link that includes their account number such as, http://100998.e-gold.com. A shopper with an e-gold account can make payment to the merchant's account An e-metal Payment Order Form pops up specifying the amount of gold, a memo field for shopper comments or specifications, the shoppers e-gold account, the shopper's secret passphrase, and a place to copy a "Turing number" that can't be read by computers to setting up accounts automatically (after the British mathematician Alan Turing). There are two kinds of fees: (1) Spend transactions (paying e-metal from one account holder to another) do not involve a currency conversion. The fee for this transaction is 1% of the transaction amount, subject to a maximum of 50 cents (US$) equivalent value. The fee is debited in e-metal from the payee. (2) An Agio fee of 1% per annum is charged to each e-metal account. It is assessed in monthly installments, in e-metal, calculated according to the average daily balance during the preceding month. Though a few merchants who accept e-gold payments are listed on the website, I don't see much future for the system since it's difficult to get money into the system. -------------------------- Thank you, David Gendron, [EMAIL PROTECTED] VALIS International, http://www2.valisinternational.com US Bank Accounts and US Business Presence Setup for the World My mother once told me to --- 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.
