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Gold Backed Debit Cards

The information in this section of the website is by far the most exciting information I have to share with you so far. 

There are some thrilling developments taking place in the Internet world that are very beneficial to both consumers and merchants alike. And it all has to do with e-gold and e-gold funded debit cards.

What are digital gold-backed debit cards or debit cards funded by e-gold?

Digital gold funded debit cards are debit cards that are backed up by digital gold or that can be funded by e-gold or an e-gold provider.  

 Looking For Gold Coins? - Click Here For The Best Source for Coins Worldwide

So, what exactly is e-gold?

Digital gold or e-gold is actual gold, which you buy and have stored for you in a vault by a digital gold provider. 

Ownership of e-gold is transferred from one person to another by logging in to one's e-gold account using a secure Internet connection and password. 

This allows you to pay someone on the other side of the world in gold in an instant – by allowing the gold to be divided up into tiny fractions of an ounce or gram which is much more convenient than using physical gold bars. 

When you spend digital gold from your account to the account of someone else, ownership of the gold changes, without the physical bars having to be moved.    

Having a digital gold currency account is therefore equivalent to having gold stored in a vault. 

And you can log into your digital gold account in the same way as you would log into an online bank account. 

You can see the balance, check your statement, and make a payment or transfer to anyone who has an account. 

If someone knows your account number, they can make a transfer to you. 

You do not write checks, you simply make transfers - but these transfers cost almost nothing and clear in a fraction of a second, unlike transfers made in traditional banking systems, which can take anywhere from a couple of days to even weeks to clear. 

Another of the main differences between a regular bank and a gold vault or depository is that the balance in a gold depository is held in actual gold, not in paper money, as is the case with a traditional bank. And with the price of gold rising this is a very good investment for anyone to make.

What are the digital gold currencies and who are some of the providers of digital gold that I recommend?

Online operators who have physical gold bars provide digital gold currencies or coins deposited in vaults and issue a record of that gold against those deposits to their clients. 

Their clients maintain deposit accounts with the operators and use their respective deposits to trade with other users. Gold can be maintained in these accounts or it can be redeemed, often, with a debit card.

E-gold is my number one choice for digital gold providers in terms of reliability and acceptance. Everyone who accepts digital gold as payment accepts E-gold.

They are the originators of the idea and have been around since 1996 - therefore they enjoy wide respect and following in the industry. As of this writing they have well over 1.5 million e-gold accounts. 

If you want to open an E-gold account this is the service that you should start with - to do so you can follow this: E-Gold. There is no cost or obligation to open an account and if you change your mind later, you can always delete your account.

Pecunix is my number 2 choice. Although they are one of the newest in the industry, they have gained a tremendous amount of respect in a short time for their professionalism, efficiency and for the overwhelming  importance they put on the security of their system.

GoldMoney is my third and final choice. They are also very professional and have  transparent audit system and are known for good customer service. However, GoldMoney is also quite new - having been in existence since 2001. Nonetheless, because of their more professional management many think they will be quite successful.

The Gold Economy website offer a very in depth coverage and comparison of these providers as well as some others. Click here to view that article.

 

Why should you use e-gold?

Many people believe that digital gold currencies are going to revolutionize the world in the way that the Internet is revolutionizing the world.

Digital gold allows people to trade with each other without any special requirements. Online merchants don’t need a merchant account that can run into the hundreds of dollars to set up and which also takes a hefty percentage of a merchant's profit per transaction - this eventually gets passed on to the consumer. 

Additionally, credit card companies charge fees of 3-15% while digital gold currencies charge less than one percent, if anything.

Digital gold IS gold. It is an investment in a precious commodity.

Digital Currencies are cheaper to use to send money than PayPal, Bank Wires, and Western Union. 

In fact, it might be the cheapest way out there to send money to your loved ones!  

Check it out for yourself: PayPal fees range from 2.5% to 4.5%. International bank wires cost on average about $40. Western Union fees can run you from $15 to over $100 depending on the amount you send. 

Digital currencies’ costs run anywhere from as low as 0.1% in some cases, to 2%. This is a very, very miniscule amount by comparison.

Digital gold currency is as fast as the speed of your Internet. Bank wires take anywhere from three days to two weeks to clear! Digital currencies are instantaneous!

Digital currencies allow person-to-person payments!

Digital currencies allow you to send money from person to person – credit cards don’t. Digital currencies allow you to pay anyone, anywhere in the world!

If you don’t have an e-gold account yet, you really should!

What kind of people use digital gold?

Lots of people! People who want to protect their privacy. Frugal people who don’t want to spend a whole lot on bank and transfer fees. People who reject banks and don’t want to support their oppressive system. People who don’t have credit cards or who have them but don't want to use them over the Internet.

OK. So how exactly does e-gold debit cards work?

E-gold debit cards work pretty much in the same way that regular debit cards work.

Gold debit cards give you a very convenient way to convert or redeem your digital gold into real money (cash) by means of debit cards that are accepted worldwide. 

You can buy your debit card and then fund your debit cards using digital gold from one of the digital gold providers mentioned above.

This means that you can easily transfer digital gold to CASH from your debit card by withdrawing money (cash) at the nearest ATM (Automatic Teller Machine) or use it on-line to shop or in any physical shop or store. Many digital gold backed debit cards carry the Visa and MasterCard symbol on it.

Gold debit cards are international debit cards usable at any ATM or supermarkets, restaurants, travel agents, or locations around the world. It is an ideal solution for Internet merchants and users.

Like regular debit cards, e gold debit cards carry no credit fees, overdraft charges, late fees, or interest charges because the money on the card belongs to you.

Accessing your e-gold debit card via the Internet allows you to transfer funds to other cards, check card balance and load the card.

Digital Gold backed debit cards are BETTER then regular debit cards because…

...a debit card that is funded by e-gold is backed up by physical gold. 

...the application fees for buying your gold cards are much cheaper than regular debit cards – sometimes 50% or more cheaper. And from what I've seen, the normal fees for loading your card, withdrawals, etc are also cheaper as well.

...digital gold debit cards allow you to easily convert your digital currencies to cash anywhere in the world.

...digital gold debit cards are incredibly easy to fund.

...there is usually no qualifying process to obtain gold debit cards as the money available on the card belongs to the cardholder. There are no credit checks required to acquire the debit card, unlike some regular debit cards.

...gold cards can usually be loaded via wire transfers, money orders, Cashiers Checks, direct deposit payroll in addition to being funded by your digital gold account.

1. Being able to pay for goods or services wherever MasterCard / Cirrus / Maestro is accepted. 

2.   Get cash from any ATM machine, anywhere in the world, 24 hours a day.

3. Send funds to family and relatives overseas: All you have to do is get a card, and send it to your relatives abroad. As soon as they tell you they have received it, you can fund it. You can get funds to them in a much more economical - and faster! - way than through International Bank Wires, Postal Money Orders, Western Union, MoneyGram, etc... When they run out of money on the card, you can add to the funding of the card wherever you are.

4.   This debit card has the backing of a US Bank (member FDIC).

5.  It can be shipped to customers located anywhere in the World.

6.  You will be able to redeem cash from your e-gold account. 

There’s no name on the debit card so it provides you with a degree of privacy. 

Furthermore, the card being mostly designed to make payments at point of sale (POS) or withdraw funds from ATM machines, it is not necessary for your name to be mentioned on it. 

And since there is no name on the card, you can give your card to a family member or a friend, without them having to present an ID for using the card.

This is a prepaid debit card that is ideal for college students because only the funds that have been pre-loaded on the cards can be withdrawn from ATM machines or spent at merchants. It is  therefore ideal for college students and other young people as well.

Some of the fees include: 


Monthly Maintenance Fee $4.00 (This is also one of the lowest I've seen.) 


Replacement of card (lost or stolen) $15 


Withdrawal at ATMs (USA): $1.50 


Funding of the card (bank wires) 4 %  Funding of the card (e-gold, etc...) 3 %


This is a great all purpose prepaid debit card to have!