[e-gold-list] Re: Opportunities (was Re: GoldPouchExpress fund e-gold account fast by Visa for 13%

2001-02-03 Thread Chandra

   GPE does not exept Master Card (Dutch, ABN/AMRO). So, to me, their
service
 is
   not so great.
 
 What they handle (Visa), they handle well.
 What they don't handle, is opportunity for other market makers.

 Brilliant statement!  Everybody should think like that.

 Out of curiosity, in your opinion, what would  be the best method
 of funding accounts?   Let's assume somebody wanted to develop
 the ultimate funding system, what would work?

Your question provokes us to focus on a major factor inhibiting the growth
of e-gold - that there's no common way now to put money into an account fast
(as in a matter of minutes instead of hours or more likely, days and weeks).
An ironic situation, considering that e-gold is destined for greatness as
the currency of the internet.

Seems like the solution again rests on establishing a strong linkage between
e-gold and traditonal sources of funds. This was the approach used to solve
the other half of the equation - the outexchange - where a debit card allows
e-gold to be translated into cash dispensed from an ATM.

Likewise for the inexchange a special internet  account may be required. If
such an account is issued by major credit card or financial institutions, or
market makers working with such institutions, it already has the advantage
of being tied to existing sources of funds. To facilitate instant (even
automated) transactions online, the account is protected by a password (just
like an e-gold account). To distinguish it from conventional credit card
accounts, the internet account should have a low limit (say a maximum of
$1000 or a user defined limit). and because of the low limit and password
control, be non-reversible (dare we hope it?).

Since it is meant for online use only, there is no need to issue a card for
this account (why take plastic when there's gold?), but with an online
verification system, it can be used to buy e-gold (from market makers)
instantly, or any online product for that matter. Of course, with all these
features in place, the internet  account will also compete for the same
business as e-gold, although its service may come at a higher price than
e-gold's 50 cents maximum per transaction.


Regards.
Chandra



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[e-gold-list] Re: Opportunities (was Re: GoldPouchExpress fund e-gold account fast by Visa for 13%

2001-02-01 Thread Jeff Fitzmyers

 Out of curiosity, in your opinion, what would  be the best method
 of funding accounts?   Let's assume somebody wanted to develop
 the ultimate funding system, what would work?

This idea is less direct, maybe even a little sneaky... but more convenient for a
consumer.

Instead of the potential user send in money, have them send in a good or service
or 'win' a simple contest or something.

In other words we offer to pay for everything coming our way with e-gold (that we
mark up 10% to cover our costs). We sell it as a convenience: "Hey, would you
like payment in e-gold, a great system that does this and that. The only bummer
is waiting for money to clear to fund an account, and we solve the hassle for
you! Oh good, lets just make an account now, and I'll show you the spend
feature."

JPM's ATM is better though could we do a little white hat hacking ;) That
would be really funny.

Duhhh, why don't we just get together and buy an ATM company and have e-gold and
cash ATM's.

Dagnabit, I wish I have more time! jf



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[e-gold-list] Re: Opportunities (was Re: GoldPouchExpress fund e-gold account fast by Visa for 13%

2001-02-01 Thread hankroark

 What are your thoughts?  Think outside the box.  We are talking 
 about the ultimate system.

[DeLurking...]
What about a 1-900-GET-GOLD funding method. I call the number
from the phone I wish to have charged for the call. A recording prompts
me for an E-Gold account number. I verify the account number with
a yes or no. Then 100 dollars worth of Gold are spent to the account
and charged to my phone bill. Done. 

Hank
[...Back into Lurking]


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[e-gold-list] Re: Opportunities (was Re: GoldPouchExpress fund e-gold account fast by Visa for 13%

2001-02-01 Thread GoldDirectory.com

Hello!

 [DeLurking...]
 What about a 1-900-GET-GOLD funding method. I call the number
 from the phone I wish to have charged for the call. A recording prompts
 me for an E-Gold account number. I verify the account number with
 a yes or no. Then 100 dollars worth of Gold are spent to the account
 and charged to my phone bill. Done.

No disrespect intended, but here's the problem:

Mr. Scammer buys $2000 of e-gold with this method. Then, at the end of the
month, after he gets his phone bill, he calls the phone company and claims
he never made the call. Of course not! No legitimate operation would charge
$2000 for a phone call!

Craig



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[e-gold-list] Re: Opportunities (was Re: GoldPouchExpress fund e-gold account fast by Visa for 13%

2001-02-01 Thread Bob

[EMAIL PROTECTED] wrote:

 [DeLurking...]
 What about a 1-900-GET-GOLD funding method. I call the number
 from the phone I wish to have charged for the call. A recording prompts
 me for an E-Gold account number. I verify the account number with
 a yes or no. Then 100 dollars worth of Gold are spent to the account
 and charged to my phone bill. Done.
 
 Hank

eCharge might be interested in this.
http://www.echarge.com/

Bob

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