Graham, you proved my point for a need of a seamless credit card exchange service in your reply. If you have more orders charged out at 15% than you do for standard gold currency exchanges at 5% then the need is their for a more economical gold backed service which has Credit Card capablities but some kind of safeguard against fraud.
I know 15% rate pays for your excellent DD crews work, but 95% of the users of Credit Cards out there will choke on paying that (especially since they are the ones who wont defraud the system but want to pay just because of ease of use). Many people using gold backed currencies are looked upon as also high possible fraud related risks as well - sounds stupid as we know no chargebacks makes your money safe but it also scares a hell of a lot of people off to know there is no guarantees on there funds within there account from hackers, other programs, false auctions and worst of all - dishonest admin/CEO's. It is not the currency that is fraud but rather than a lot of the clientele - and having a non repudiable system is the bees knees as we know but it also would open the floodgates for so many court cases against any larger merchant if they decided to operate that way. (eg PayPal if they sudenly stated NO chargebacks to any client). Even though 100 orders a day will keep you busy, to get gold currencies mainstream this would have to be multiplied by thousands of orders per day. People just wont change from CC and Paypal as it is to hard and to costly to currently use exchange services and gold accounts (for the 99% of the market currently enjoying CC and PayPal). Most people are impulse buyers on the net, they dont want to submit ID, send documents, go to their banks etc to wire funds...credit cards have it all over gold currencies in this area. Even though it only takes a minute to setup a gold currency acount, it still then takes time and understanding to deposit. If someone came along with a fooproof cost effective mix of PayPal and e-gold then wouldnt that be a wonderful thing. Then again, the marketing and the client database of users plays a huge role in success...just get Paypal to start one, then the gold economy will be absolutely smoken... > While the risk of chargebacks remain, the CC fee will always be high. > Incorporated into the fee is verification costs, which are expensive. IE > at 15%, we get up to 100 CC orders per day. Our 5% service is not as > popular. > > Go figure... > > Cheers! -- _______________________________________________ Sign-up for your own FREE Personalized E-mail at Mail.com http://www.mail.com/?sr=signup --- 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.
