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E-Currency reviews: E-Gold in comparison to other E-currencies

directly with the e-gold domain on the transfer of account funds.

To purchase e-gold you have to fund your account using a third party agent such as OmniPay or Instant Gold Exchange. To add more confusion to the equation, with credit card fraud so widespread online, most third party e-gold exchange agents do not accept plastic. Right there, you have ostracized most American online shoppers. In fact, complicated wire transfers are one of the most popular methods to fund a digital gold currency account. That type of transaction takes time. E-gold account funding is rarely concluded 'instantly' and in fact most funding takes about a day. That impulse sale or instant gratification may be lost on an e-gold retail exchange. Its hard to conclude but already we have a few small reasons why PayPal may be more accepted than a DGC.

However, for millions of online shoppers who don't have a wallet full of plastic or even a bank account, PayPal is simply NOT the online shopping answer. Remember, there are more people in the world today with cell phones then have bank accounts!

These folks also want to shop online, so a digital gold currency account such as e-gold could be the very good solution for them. If you are an online merchant and you only accept payment from PayPal and not DGCs you are missing out on a large segment of Internet spenders. Growth on the Internet of shoppers and users is now creating a mammoth army of shoppers in countries around the globe. Not all of these users can throw down the plastic to shop. If you expand your operation to include these DGC users you are almost certain to expand your sales in the years ahead.

Plus Internet shoppers also often have trouble with cross border transactions using credit cards, so if you are having trouble shopping from your location, you may benefit from a DGC account. Online freedom from credit cards is a very liberating thing. Digital gold transactions can instantly be denominated in any one of 21 different currencies without the loss due to wild credit card currency conversion rates.

Comparing PayPal vs. DGC, the differences can be large. Especially considering the fact e-gold account funding does not require a bank account or credit card. Users can buy e-gold through an agent using cash, money orders, checks, Western Union, MoneyGram or a host of other options. Throughout all major cities in the US, anyone can walk into a bank branch office or S&L with cash and make a deposit for a fast generally same day DGC


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