What is e-gold?

Reasons to prefer e-gold

Low Cost
Creating an e-gold account costs nothing. Making a payment costs nothing. The maximum fee for receiving any e-gold payment is 0.05 grams, about USD 0.50 in 2002 or about USD 0.70 in 2004, depending on current gold price.

Safe
e-gold is 100% backed by physical gold.

Secure
No one can draw upon another person's account. If you keep your passphrase/password secure, then your e-gold is secure.

Fast
An e-gold payment settles in seconds. You have spendable money right away.

Flexible
Your e-gold account is instantly accessible anywhere you can reach the Internet.

Convenient

Portable
A transfer of physical gold is risky, expensive, and slow. With an e-gold transaction your e-gold stays safe ... only its ownership changes.

Automated Conversion
You can specify e-gold payments using familiar national currency units or by weight.

Micropayments
e-gold is highly divisible, enabling very small payments if desired.

Advantages of e-gold

Low transaction fees
The maximum payment processing fee is 0.05 grams. For a $1000 value payment, this is less than one twentieth as much as credit cards.

Immediate settlement
e-gold payments clear instantaneously, no matter how large or small the payment, no matter how far apart the spender and recipient.

Non-denial
No charge backs. Get paid, stay paid.

Direct access with bi-directionality
Anyone can pay or be paid.

Automation support
The e-gold Shopping Cart Interface is easily implemented and provides immediate authenticated notification of completed payment.

Zero financial risk
e-gold is the world's first remote payment system backed 100% by physical gold in allocated storage.