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What is e-gold (egold) ?
To
transfer payments from Paid to Read or Paid to post sites you would
need a payment processor that you can use to transfer funds. We use
egold and Alertpay. Almost all Paid to Read sites accept egold, paypal
and some Alertpay as well.
Quote... "E-gold is an electronic currency, issued by a Nevis corporation, 100% backed at all times by gold bullion in allocated storage. e-gold is integrated into an account based payment system that empowers people to use gold as money. Specifically, the e-gold payment system enables people to Spend specified weights of gold to other e-gold accounts. Only the ownership changes - the gold in the treasury grade vault stays put"
"The world wide web needs world wide money. e-gold was created in response to this need.
e-gold is accounted by weight of metal, not US$ or any other national currency unit. Weight units have a precise, invariable, internationally recognized definition. Additionally, precious metals, gold in particular, enjoy a long history of monetary use around the world. Thus, e-gold is ideally suited for international transactions. Although e-gold is accounted by weight, the e-gold payment system allows Spends to be expressed in terms of eight major national currencies (as of this writing).
... This means (for example) that a Canadian can pay a German or a Japanese can pay an Australian the correct weight of gold (e-gold) for a good or service as easily as if the price had been quoted in his own national currency."
So simply put egold allows you to accept and send payment to anyone in the world without the constraints of their national currency. You can pay or get paid in terms of gold weight and that can be converted to any currency in the world using third party payment processors or exchange service companies.
How does e-gold work ?
To use e-gold you will simply open up an egold account. You can open an egold account by clicking here or by following the links at the bottom of this page. Once you have your account setup you need to fund your account if you want to pay someone. To get paid you simply need to provide your e-gold account number when you register with any site like get paid to read or paid to post. To fund your account you use third party exchange agents/companies. Exchange agent charge from 3%- 5% fees and will fund your egold account or will allow you to withdraw money into your national bank account. There are approved exchange companies listed on egold site. Be careful when funding through third party money exchange and make sure to only use approved payment processors due to high level of fraud involved. The best option is to use those that egold suggests.
How to get money from e-gold Account ?
To receive a payment from any website that supports egold, all you need to do is specify your egold account number in account setup and once you reach their minimum payout level your egold account would be credited. Next, you can use the services of exchange agents/ companies to get that money into your own country's bank account.
There comes a little hurdle if you are in some asian countries and want to withdraw money from egold or other digital gold currencies into your local country currency. Because there are limited choice for doing so you have to look at all the options avialable to you, so you can get/withdraw money using the best possible option.
To get money tranferred to your country's currency, you need third party exchange service/agents who will accept money from your egold account and give you money via say Western Union transfer or through other means. Your best bet in such case is to contact companies who are willing to exchange money for you. Register and do some research and ask question on well known forums like TalkGold and GoldAge. They can recommend you exchange agents, but be careful not to trust just anyone. Do extensive research, ask other members to find the reliable exchanger.
Quote... "E-gold is an electronic currency, issued by a Nevis corporation, 100% backed at all times by gold bullion in allocated storage. e-gold is integrated into an account based payment system that empowers people to use gold as money. Specifically, the e-gold payment system enables people to Spend specified weights of gold to other e-gold accounts. Only the ownership changes - the gold in the treasury grade vault stays put"
"The world wide web needs world wide money. e-gold was created in response to this need.
e-gold is accounted by weight of metal, not US$ or any other national currency unit. Weight units have a precise, invariable, internationally recognized definition. Additionally, precious metals, gold in particular, enjoy a long history of monetary use around the world. Thus, e-gold is ideally suited for international transactions. Although e-gold is accounted by weight, the e-gold payment system allows Spends to be expressed in terms of eight major national currencies (as of this writing).
... This means (for example) that a Canadian can pay a German or a Japanese can pay an Australian the correct weight of gold (e-gold) for a good or service as easily as if the price had been quoted in his own national currency."
So simply put egold allows you to accept and send payment to anyone in the world without the constraints of their national currency. You can pay or get paid in terms of gold weight and that can be converted to any currency in the world using third party payment processors or exchange service companies.
How does e-gold work ?
To use e-gold you will simply open up an egold account. You can open an egold account by clicking here or by following the links at the bottom of this page. Once you have your account setup you need to fund your account if you want to pay someone. To get paid you simply need to provide your e-gold account number when you register with any site like get paid to read or paid to post. To fund your account you use third party exchange agents/companies. Exchange agent charge from 3%- 5% fees and will fund your egold account or will allow you to withdraw money into your national bank account. There are approved exchange companies listed on egold site. Be careful when funding through third party money exchange and make sure to only use approved payment processors due to high level of fraud involved. The best option is to use those that egold suggests.
How to get money from e-gold Account ?
To receive a payment from any website that supports egold, all you need to do is specify your egold account number in account setup and once you reach their minimum payout level your egold account would be credited. Next, you can use the services of exchange agents/ companies to get that money into your own country's bank account.
There comes a little hurdle if you are in some asian countries and want to withdraw money from egold or other digital gold currencies into your local country currency. Because there are limited choice for doing so you have to look at all the options avialable to you, so you can get/withdraw money using the best possible option.
To get money tranferred to your country's currency, you need third party exchange service/agents who will accept money from your egold account and give you money via say Western Union transfer or through other means. Your best bet in such case is to contact companies who are willing to exchange money for you. Register and do some research and ask question on well known forums like TalkGold and GoldAge. They can recommend you exchange agents, but be careful not to trust just anyone. Do extensive research, ask other members to find the reliable exchanger.
Which e-gold Agent/company to use ?
Basically you can use any company of your choice listed on egold website. These are merchants on egold website. We have used The Bullion Exchange and London Exchange. In any case, you should do your own research and also check e-gold website to find the best exchange company that suits you and which accepts/allows money transfer to your country. There are many factors when selecting a money exchanger. These can be your location/country, exchanger money transfer fees, minimum transfer allowed, means of transfer (check, direct back deposit, money order etc).
Happy Earnings and exchanging.
If you do not have an Alertpay or e-gold account you can get one free.
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