Online Payment Processor: e-gold

E-gold was the first online payment processor that I signed up. As written on one of its pages,,

e-gold is an electronic currency, issued by e-gold Ltd., a Nevis corporation, 100% backed at all times by gold bullion in allocated storage.

Other e-metals are also issued: e-silver is 100% backed by silver, e-platinum is 100% backed by platinum, and e-palladium is 100% backed by palladium. However, the most popular e-metal (by an overwhelming margin) is e-gold.

It costs nothing to open an e-gold account. There is no credit check. There is no minimum balance requirement. There is no concept of a "merchant account" in that all e-gold accounts may Spend e-gold or receive e-gold payments.

Key features of the e-gold system are immediate payment, no chargebacks, secure and user friendly, easy shopping cart interface, lower transaction fees, referral incentive program and availability.

There are several security measures that must be followed to protect your e-gold account. A separate email to access the account, the use of Roboform to be safe from keyloggers, no clicking of links on email and be wary of opening the account in public places

To sign up for your free account, visit


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