Determining The Best E-Currency

bsmath By bsmath, 23rd Aug 2010 | Follow this author | RSS Feed | Short URL http://nut.bz/23pqffuf/
Posted in Wikinut>Business>Accounting & Finance

This article explains what E-Currency is and how to use it. It is a very popular way to
spend money on the internet. It gives several examples and the URLs to the websites.

Determining The Best E-Currency

E-Currency is short for electronic currency. E-Currency can be used to buy just about anything on the internet. Examples are PayPal, e-gold, Liberty Reserve, and Alertpay. All mentioned are free to sign up for. The two most popular are PayPal and e-gold. PayPal is much easier to use than e-gold.

PayPal has been around for several years. The website address is paypal.com. PayPal uses email addresses for the account number. It can be funded using a savings account or checking account. It usually takes about three or four business days for the funds to reach the PayPal account. There are also many ways to get a few pennies using paid to participate websites like donkeymails.com and no-minimum.com. Paid to read and paid to click are two of the easiest ways to make a few pennies a day. Withdrawing money to a bank account is just as easy as sending money to PayPal because either will usually take only three or four business days. Buying on the internet is easy with PayPal. There are many merchants that accept PayPal. Many of the major company websites accept PayPal. Using a credit card is easier through PayPal because the credit card account number involved is not visible to the merchant. PayPal is one of the best ways to buy through the auction website eBay.com. Sending and receiving money is also easy. All that is needed is the email address of whom the money is being sent to. If the recipient is not a member of PayPal, he is prompted to join for free to accept the payment being sent to them. If anything goes wrong using PayPal, there is a helpful staff ready to assist you by email within two days. Payments can be made using a cellular phone. The account balance can also be found using a mobile phone.

E-gold is another very popular E-Currency, but is much harder to use. Many of the same websites that accept PayPal (donkeymails.com and no-minimum.com, for example) also accept e-gold. It is also free to use. Funding of e-gold, however, is hard to do. There are fees charged for the funding of e-gold. Merchants selling e-gold are hard to find. Spending e-gold is done using an account number that is six digits long. E-gold has recently started requiring a picture of the account holder and a proof of residence. The account balance can be found using a cellular phone. E-gold payments can also be made using a mobile phone. E-gold has a Turing Number that must be entered each time a user logs in or checks or changes his account information. E-gold's balance increases or decreases exactly as much as gold does. This makes it what is considered by many a good investment in today's state of economy.

Liberty Reserve is located in Costa Rica. It is free to open an account and there is no monthly fee. There is a transaction fee of one percent, but the maximum fee is $2.99. Adding funds is the same as e-gold, it is done through exchangers that charge a fee. It is also free to open an Alertpay account. Sending and receiving funds is free. Withdrawing money by bank transfer is $.50 per transaction. Withdrawal by Checks are $4.00 and bank wire is $15.00. Depositing money by bank transfer, check, or money order is free. Deposits by bank wire are $20.00 per transaction. There is a 2.5 % fee for foreign currency exchange. Credit card payments can also be made.

Tags

Alert Pay, Alertpay, E-Currency, E-Gold, Liberty Reserve, Paypal, Paypal Limits, Paypal Payments

Meet the author

author avatar bsmath
I have a Bachelor of Science in Mathematics and a Classical Studies Minor. I took Spanish in high school
and several languages in college including Latin, ancient Greek, French, and German.

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