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E-bullion business

It seems that every year payment systems one by one try to make new surprises for us. This time the surprise became from popular and known E-bullion payment system which always was considered as closed type payment system which doesn’t put into the own practice any alien business methods and stereotypes. There was set a rumor that E-bullion system is going to follow the well-known E-gold payment processor because these two systems have the same work principles and they are based on one technology. The social majority can think about this situation, “Hm... it is really strange. Why successful and developing company aim to go out from success way?” Unfortunately the recent events explain a lot of these questions and confirm the rumors. On Monday, 28 July 2008, at 6:30 PM there was found stubbed Pamela Fayed, one of co-founders E-bullion. Woman died because of numerous stabs. This news shocked social community and especially the way of murder. There are a lot different hypothesizes about...
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E-Bullion

E-Bullion is one of the most popular on-line payment systems in Europe. E-bullion is a gold-based currency. The system appeared in 2000. It is owned by Goldfinger Bullion Reserve Corporation.
E-Bullion has two account types: Business and Personal. Business account can be opened by companies wishing to use the system as its main payment means. Personal account is an account for ordinary users. Account number along with the password to enter the system forms something like A12345. All transactions are made through E-bullion web-interface.

Special Features and Advantages

E-bullion user can choose one of three options for electronic money storage:
  • Gold – in troy ounces;
  • Silver – in silver measuring units;
  • e-Currency® - in US dollars (connected with US dollar rate)
The first two options the electronic balance changes depending on the world gold or silver prices. E-Currency® balance is connected with American dollar rate and depends thereon.
One of E-bullion advantages for users is its free registration for a national of any country of the world. No special requirements in regard to valid personal information except for address and telephone number are stipulated. One disadvantage of the system is its monthly charge from every user for account maintenance equaling 1/3 gram of gold (about 4.20 USD). Naturally, when gold prices go up, the commission grows. Besides, the commission of 3% is taken to close E-bullion account. The system does not have any partnership program.
There are two ways to withdraw money. First – by check (2$+3%), second, more expensive but faster – Wire Transfer (40%+3%). US citizens can transfer money to E-bullion Debit Card.

Safety and Reliability

E-bullion developers, as any professionals, care for their system safety. In 2002 the company introduced a unique CryptoCard Secure Password Technology for protection. By paying a fee (99.5$) the user gets a crypto-card sent to any country of the world and activates it. When the user uses his/her E-bullion account, he/she enters the account number and the system automatically generates password once it determined the relevancy of the account to the crypto-card. It secures the account from any unauthorized access. Crypto-card users can take advantage of making mass payments. E-bullion gives its users the possibility to accept payments in their web-sites.
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