E-Gold
The press is having a field day with this e-gold trouble. As you may be aware e-gold has been targeted by the US government because many child pornographers, stock scammers, and other fraudsters used it. As a result every article I have read makes it sound like everyone who used or accepted e-gold is a scammer. This is wrong.
E-Gold is a payment method we once accepted. We are definitely not a scam service, a child porn service, nor any of what the press is making out everyone who used or accepted e-gold to be. We are an advanced e-mail and web hosting service. To us it was just another method of online payment to accept, like credit cards and paypal. A way to pay online. For years the press was favorable about e-gold. We started accepting it as a payment method because the press was raving about it as the new digital currency.
E-Gold is not new, we’ve accepted it ever since we opened. We opened the account under our legitimate business name. We operated it just as we do paypal and our merchant account for credit cards. But now seven years later apparently everyone who used it is some type of scammer. That is an unfair characterization. Many legitimate businesses accepted e-gold for the same reasons we did.
Now because scammers liked that service it’s got a bad taint to it. Our account there has not been frozen but it may have well have been frozen. There is now no way to get at any of the payments our users made to us through e-gold because there are no longer any out exchanges as everyone runs from e-gold. The lost money isn’t the big deal here, it’s the broad labeling from the press.
Not everyone who used or accepted e-gold is a crook and I wish they’d stop alluding such. We are not the only legitimate business who accepted it as a payment method. Now I find myself worrying that paypal is next and wonder if we should stop accepting that ahead of time before all the headlines start saying “everyone who uses paypal is a child pornographer and crook”.
