Although we can see a genuine demand for those services from people, who would like to sell on the Internet (and ebay) , but do not live in the list of paypal-supported countries. If only there was a way to wade through those orders...
I think educated sellers should not prefer to sell on eBay. The things we've said about PayPal are necessarily indictments of eBay since eBay owns PayPal.
There are really terrible terms of service at eBay. There is no privacy available from eBay. Any law enforcement agency, or anyone pretending to be such an agency, can get any information about any transaction by simply sending a fax to eBay, as far as I can tell from their published statements. This aspect of the situation is really bad news for anyone selling anything.
Instead, I think sellers would be better off using a service like http://goldbarter.com/ for selling. It has better terms of service. It offers realistic privacy policies. It doesn't limit sales of items which eBay prohibits. It doesn't care where you live. And, you can pay for items with e-gold or GoldMoney, perhaps soon some other digital gold currencies like e-Bullion or Pecunix or 1MDC, but these are upgrades for another time.
Then there's freetraders.org which is a nice outfit and has done quite a bit more publicity. Again, you can offer stuff for sale and get good results.
I think it is a mistake to use PayPal or c2it or these other services that have bungled the whole exchange business. Gold is the real deal.
And I think it is a mistake to use or accept credit cards. Yes, it is alluring to the seller - he gets 300 million credit card holders worldwide interested in buying his stuff. But the costs are terrible. Go look at the e-gold.com comparison of credit cards to e-gold.
In the end, it requires a lot of people to be more educated. Education takes time. Word of mouth is the very best form of advertising, but it isn't as fast as television or radio.
Online gold is really a revolutionary thing. It is amazingly powerful stuff. It represents a direct challenge to government-issued paper fiat money. It represents a challenge to the credit card companies. It represents a challenge to the banking industry.
Yes, PayPal has a large market share. Yes, credit cards have a large installed user base. But, the same can be said of Microsoft Windows, and we've seen the problems of Windows time and again, just as we've seen the problems of PayPal time and again, and the problems of credit cards.
When e-gold issued those bumper stickers and T-shirts identifying itself as "better money" they were correct. Better money is available.
In my view, PayPal is nuts.
Regards,
Jim http://www.ezez.com/
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