On Wed, 4 Jul 2001, Graham Kelly wrote:
> Ian,
> I tend to agree, but I learned a long time ago, that people who undercut
> a service fee-wise, are generally not around a while later... so I've
[snip]
Not always true.
There is zero risk in outexchanging E-Gold and you have to get it from
somewhere.
Like any business rates are adjusted according to the market. I was
paying 2% for peoples E-Gold. I pay out in Paypal. I was getting to the
point where I was buying more E-Gold than I was selling. I dropped the 2%
and now things are working well.
I also increased my in-exchange rate to 10%. The only payments I use are
Paypal. I do address and phone verification on all new customers. That
can get somewhat expensive.
The ironic part is since I raised my rate from 8% to 10% my order volume
has increased.
Go figure.
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