What is Electronic Money?
Electronic Money (E-Money) is money that cannot be touched or held but can be transacted online. It is borderless which means that you can actually pay or receive e-money from someone on the other side of the world, all through your computer. Payments are made in real time and the money is transacted online instantly. E-money
also allows small transfers starting from 1 cent! Obviously e-money can be changed into real paper money any time the owner decides to.
The payment systems are safe and nearly impossible to forge, however it is advised to install some security on your computer to ensure that you don't have any viruses or any other keyboard spies. Check out our Software Guide for free computer protection downloads.
E-Money is possible through a variety of methods. Below is a set of payment systems and processors that will help you get started. Signup is free.
E-gold - an electronic currency issued by e-gold Ltd., a Nevis corporation, 100% backed at all times by gold bullion in allocated storage. International service. It costs nothing to open an e-gold account. There is no credit check and no minimum balance requirement.
MoneyBookers - a tool that allows you to safely send and receive money via email - instantly. You can send money from your credit card, transfer money to and from your bank account. Use Moneybookers whenever you need to send money to someone (settle a debt with a friend, pay for online purchase/auctions...) or when someone needs to send money to you. International service.
MoneyBookers always offers you the possibility to transfer your money directly to your bank account!
E-bullion - There are no fees to open your e-Bullion® account. Fill out the information to get a hassle-free account. Allow transfer from credit cards
1mdc - Similar to others
PayPal - an electronic payment system which allows you to send/receive money to/from any person with an email address. This system is owned by eBay since 1998 and is very secure; however the service is not international and available in only 51 countries around the world.
2checkout - A payment processor, used by many groups to assure payments. They don't accept e-gold though
Neteller - Similar to paypal, it's rather a payment processor than an e-currency, can be used for a wide range of application
OmniPay - a currency exchange service supporting the e-gold family of currencies. This service allows you to exchange your e-gold into a check for a tiny fee. International service.
Me-gold - Iranian exchanger, exchanges e-gold, e-bullion, pecunix, LR, WU. Fast and prestige exchanger. 0.1% referral program
Epay - A money exchanger.
(Note, there are more services that I will add in the future with better rates and faster transactions. Stay tuned :P)