Is ******* any good ?
I got these results with a search....
seems like a lot of problems ?
seems like a lot of problems ?
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Was wondering that myself as it is now the only way to use Parlaymakers. Would like to sign up, but the buzz hasn't been positive.Comment -
dontknowComment -
why do you want to use gold-pay? the site looks like garbage
Just stay with worldpay(if you are eligible), i read they are operated by the Bank of Scotland.
Western union is another good and safe alternative. I personally use ******** and moneybookers.
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Yeah...the site does look like garbage...the fees are high...but...Parlaymakers lets you bet Pinnacle lines to $250 if you use gold-pay, and would also like to be able to back some money out of MB without bringing it home.Comment -
Never heard of it.
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Works for me. Sometimes they're a little slow on posting deposits, but I haven't had any big problems.Comment -
well... some ppl just doesn`t get enough sportbooks. I , for instance , am satisfied with pinny , betfair. If you get greedy , you might get scammed by someone.. or something.Comment -
I don't really want to use them, but I have little choice.
I'm only funded at Matchbook right now, and I don't want to fund any other place, except maybe 5Dimes, for a month or so.... see what happens after the SB.
I can't transfer in ( best method). I refuse to touch bankwires. I want to add some to MB, or 5D now, preferably MB. My BOA **** card stopped working at MB ( plus that carried extra fees, but at least used to work). ******* is the only way left ( for me) to get into MB, or parlaymakers if I decided to play there, again. 5D also takes it.
I like that payandpaste thing Betjam has, but nobody else seems to take that.
I'm very reluctant to try *******, as I think it's just a matter of time before than vanishes, and I don't want to be stuck in limbo when that occurs.
MB is the hardest book to fund.Comment -
It's actually easier to withdraw from MB, than to deposit !
Main Page
Deposits
Neteller
InstaDebit
Credit Card
****/**
Interbook Transfer
Bank Wire
Moneybookers
Gold Pay
How many of these options work US ?Comment -
I have used ******* numerous times. The live chat people are actually quite competent. I would definitely use Moneygram since you have to eat the fees and ** is way cheaper than **. I would recommend them in summation.Comment -
I want Fishhead to say it be OK !Comment -
why can't you transfer in to MB?Comment -
not funded elsewhereComment -
My buddy uses it with Lines2bet with no problems. I had some issues trying to fund GP early on, but now it does not seem to be an issue.Comment -
I just recently used it to deposit at matchbook. Works pretty well only thing I don't like is the fluctuation of the price of gold.Comment -
They seem to exist solely for gamblers to move money....that can't be good for longevity !Comment -
Well the ******* site is down, now....not too reassuring !
Gold-Pay: The New E-Currency Kid On the Block | Alan's Money Blog
Greetings fellow e-currency users and enthusiasts. I just learned that there is a new gold backed e-currency (aka DGC - digital gold currency) on the block. I first learned about it from an article in the DGC Magazine (btw, I recommend you check it out if you’re into e-currencies), so I hurried over to the Gold-Pay website to learn more about it.
The first notable thing about the website is its plainness. This to me is not necessarily a bad thing. For a website dedicated to providing on type of service the simpler the better in my opinion. The site has the main functions on a left side menu which provides quick access to the two most important things you can do on the site - access your account, or if you’re a new member create a new one.
Now let’s talk a bit about the company itself. The only info that I was able to find regarding Gold-Pay is that they’re a Limited Liability Partnership registered in Panama and that their customer support and marketing offices are located in Costa Rica. I would’ve liked to see some sort of official registration documents from the Panamanian authorities. Their choice of legal structure is quite interesting. I was expecting a corporation or perhaps a Panama PIF (private interest foundation), but I’m no legal expert so I’m sure there is a reason gold-pay’s principals chose to organize themselves in this manner.
What is also interesting about Gold-Pay is that unlike many other e-currencies you can fund your account directly from Gold-Pay. With e-gold and others you have to fund your e-currency account via a third-party e-currency exchanger/market maker. Having said that you can STILL use a third-party exchanger, so you definitely have a choice. The ability to fund your account directly from Gold-Pay is definitely convenient, but personally being a purist I prefer the business model used by e-gold because in my opinion it is more closely approaches the ideal of a pure free market currency. Putting academic issues aside, let’s move on.
Can Gold-Pay be trusted?:
Good question! I wish I could give you a solid answer but unfortunately I can’t. Since this company is so new to the e-currency scene it has - in my opinion - yet to prove itself.
Now in regards to the gold-pay domain name I found this info in the March 2009 issue of DGC Magazine.
The domain Gold-Pay.com was active back in
all of 2004 and early 2005 did you operate the
business at that time?
Actually, we were not aware of the domain names
prior use and nobody with Gold-Pay has any affiliation
with the prior users of the domain.
So you purchased the system or the domain
and added your own system?
We purchased the domain name and built our own
system.
In the end I’m not sure how “safe” I would feel using their services. What I’m looking for is third party validation and auditing and so far I don’t see this offered anywhere. Essentially what I’d like is third party auditing of their gold bullion and also verification of their corporate details.
If you’re wondering whether you can visit their offices, the answer is yes (according to their FAQ). Contact them to make arrangements if you’d like. I for one don’t fee like taking a trip to Costa Rice just to verify this, but I’m sure some of you will - or better yet if you happen to be living there already why not pay them a visit?
Where is the gold?
“In secure private storage in a variety of locations for maximum privacy and security” (taken from their FAQ) I don’t much like this vague answer. For all we know it could be in some basement somewhere, or could be nowhere at all (read in the pockets of the company owners). If they expect us to trust them with our gold I would recommend they provide more details and submit to a third party auditor (just like e-gold and others). Heck, I could start my own gold backed e-currency too and say that the gold is stored is a super secret high security location. Would you trust me? Probably not! - and you’d have every right not to.
To be fair I did notice that in the DGC Magazine interview they did mention that they do have plans to publish an audit of their gold reserves.
Can one add or redeem gold?
Yes. They ask that you contact them for details. Also “Gold-Pay is offering 1 oz gold coins for redemption. The 1 oz coin is produced by G Edward Griffin author of The Creature from Jekyll Island”
Fees:
All fees are specified in grams (G) of gold, and are based on the weight of gold transferred or held.
Transaction Fee
2%, of transaction amount is deducted automatically from the recipient account upon receipt of the payment.
Storage Fee
There are no storage fees or monthly account fees.
Are there any exchangers that accept Gold-Pay?
Yes there are a few - 7 are listed on the gold-pay website at the time of this posting. On a side-note there also one lone merchant listed on their website - one called powercookie. Mmmm….cooookie.
Ok ladies and gents I think that about does it for this posting. Hunger has gotten the best of me and I must hurry now and load up my gold-pay account so I can buy a power cookie.
For more details on Gold-Pay please see their website.
I wish you all the best and thanks for reading and visiting my blog.
Cheers,
Alan
http:/alansmoneyblog.comComment -
stick with big name books or risk loosing your money to bankruptcyComment -
If that means me, I use name books
Matchbook and 5Dimes, with a pinch of Greek/Jam, maybe some Bookmaker, that's about all I trust, now ! I'd trust Heritage too, few others.Comment -
Yes, its interesting how many so called bigger books use ******* including BetJam who I like a lot. Doug, great read. My only criticism is that the blog was written in March 2009. It looks like things have improved a tad minus the site being down...which is not much different then BetPheonix every other month. FYI-The GP site is up now. If your right regarding the money situation lets hope they have enough volume to sustain the model for many years to come...be nice to have a stable option.Comment -
Well I didn't write the blog....just something I found while looking for info on GP.
I did sign up there today, got a free $25 to test them out with Parlaymakers. A limited offer ( first 20) by PM, at EOG ( where they advertise), some rules, but a good offer, probably about closed by now.
I still am not sold on GP, but they have been around at least 6 months+...not that exactly screams SOLID !Comment -
Actually I'm quite skeptical about GP, where is this physical gold ? Why do they even need physical gold. Sounds rather Fisheady to me ?
I think you can base stuff on the price of Gold, I'm OK with that.
How does ****ing ******* have any gold to store, when the funds go there ( from me), then to Matchbook ? They have no money, then no no Gold, right ? They get their cut ( like Neteller).
WHERE IS THIS ****ING GOLD ? It seems to be in three places at once...I cant spell simotanosly.Comment -
I think you're right to be skeptical. Since they're in CR maybe they can show SBR the bullion.Comment -
They are making it too difficult....
Important info about E-checks:
The max limit on the first E-check is $250.
After your first E-check is approved your limit will be automatically increased to $500 every 14 days.
If your limit is $500 you can write multiple checks as long as the total amount is under $500 in the last 14 days.
The check service fee is per check and not based on limits or amount of check.
Your first E-check will not be available immediately. You will need to verify the exact amount of the first E-check to make this E-check approved. After the first E-check, the deposits will be approved immediately.
We do not accept faxed documents for uploading to your Gold-Pay account. You have to scan and upload your documents.
Not all Gold-Pay merchants accept E-check deposits. Therefore, these funds will be limited for use with merchants that accept E-check transactions.
E-check limits can be increased by sending a request to info@gold-pay.com. In addition, you can contact your merchant and request that they contact us to grant your account a VIP limit for E-checks.
Limit increases are subject to management approval and are based in general on the following:
1. Current use of existing limit
2. Number of successful transactions
3. Additional documentation as requested by Management
4. Limits are increased in increments of $250
If I did this, I would fax the stuff. I don't have a scanner nor do I know how to use one.Comment -
if you are using it transfer , then your risk is limited to the hour or so, unless you are holding your funds in gold-pay for a while then you have nothing to worry about,Comment -
I couldn't understand it when I looked into it 3 years ago.Comment -
I don't think it has been around for 3 years ?
I think that was egold ? ( not sure what happened to them, but I seem to recall them getting shutdown).
It is a bit complex.
I want BEANTOWNJIM to test it, and report back.Comment -
Thanks for digging out these details. It's too bad they both had to make it so hard, and can only serve small depositors. In a way it's good they're conservative and they're not pretending that it's easier than it is to do transfers, on the other hand, it seems more trouble than it's worth.
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Doug,
as far as I know ******* is only used at MB. There is another forum which has an extensive thread on it. You might want to take a PEEP over there. It even has a ******* rep who has posted there.Comment
