Last week I asked you to design the online payment system called edream you wanted as I regularly hear readers complaining about the services ( or lack of them) offered by e payments companies like moneybookers, paypal, e gold, loom, and the rest. In response, Sean over at franchise pick; a blog I never tire of reading, responded with a killah post not to be missed, with his usual wit and humour.
http://www.franchisepick.com/franchisepickcom-announces-esean-payment-processing-system/
So here’s the question, if you were to design the e payments system that you want and need, what would it look like?
What services would it …read more

This is a kind of unofficial poll to find out which online payment company is rated best.
These are the criteria:
1. ease of use, functionality and options.
2. service level, charges/cost and market share.
3. security, support and reliability.
4. ethical, regulated and financially sound company.
So which online payment company does these best for you.
Leave a comment and tell us your experience for the benefit of our readers.
Moneypenny

The April issue of  DGC mag featured an article on the growth of the online payment company web money, and since we have been focusing on paypal, moneybookers and others this month, I thought it would be interesting to see how moneyweb shapes up, and what features they offer compared to the others, I covered in my last post.  Do you have a money web account? Write and tell us your experience with them.
 Thankyou to Mark at DGC mag for content and graph. http://www.dgcmagazine.com
Webmoney Shows Huge Growth In 2007

This month Webmoney Transfer announced their 2007 annual numbers and included some additional company information. …read more

Paypal at present has over 120 million customers that use its services. Customers ranging from large companies who do thousands of transactions to individuals who just want to occasionally send and receive money on line. So how does paypal measure up to the banks we have been using for 100’s of years?
Well, at first glance, Paypal may seem to be the cheaper option. Yet payments are levied by paypal to receive or (bank) money. Converting from one currency to another will also cost you money, so what are the advantages over a traditional bank? Good question!
Accessibility may be one, although most major banks have been offering …read more

This link on Paypal customers and their payment preferences, ties in rather nicely with a theme we’ve had here on digitalmoneyworld in the last week. That of security, and in particular, data security with any online payment system.
Weve spoken about scams, both with traditional banks in my last post, and also companies like moneybookers and the spammers and scammers that try to steal  your information.
The golden rule in protecting yourself here seems to be “think twice before you give out your personal information“.  How safe is it?  Where will it be used and stored, and most important, is the company/person  asking for it actually who they say they …read more

According to the twitter and newspeak I hear, spammers and scammers are getting evermore present even after the biggest spammer of all time was arrested. One has to use firefox to try and weed some of them out. If you belong to google groups, yahoo, facebook or where-ever, and lets face it, most of us do, you’ll get scam mail, lots of it.
So how do you protect yourself? Because people really do fall prey to these scams.
Number 1 rule  
Banks do not contact you by e mail. If you bank on-line, you have a password to enter the system and that’s part of your security, and …read more

Many people may not be aware, that in a bid to control tax avoidance, and do due dilligence for money laundering, Pay pal  have imposed a limit of E 2,500 annually that can be received or sent through an account, from 2008.
If the account is to be used for higher volume transactions, then an identity check which is in two parts, must take place.
My own personal paypal account was made secure as mentioned previously, by the addition of my credit-card details ( which somewhat defeats the purpose of having a pp account). Nevertheless, this done, it is now not sufficient …read more

 Well done Benson for setting up the donation  link for Burma. hopefully all you bullion traders will donate some of your returns to those who have lost everything, and let’s hope they open up the borders to help. 
 Today I’m including a post I made before about online payment companies. For those that think I’ve been after them, heres what I said two weeks ago:
There are surprising demographics. It is not only those who don’t have a credit card, or  who are cautious about putting credit card details online. More companies are using it to pay suppliers or freelancers who do work for them. Its a …read more

 With my last post, I’ve been investigating how possible it is to build a business with a computer, globally. Products can be services – after all. In the ninetes, the idea of basing yourself anywhere and doing business online was born.  Millions of people work this way now, without any formal office structure, comprising billions of dollars in trade. Articles on the boom of mothers working from home have been featured on the web and news this week, so I thought I’d look at some ways you can build this on-line working environment. Here’s a marketing opportunity on-line to look at setting up …read more

This morning the FBI and US Secret Service swarmed the office of the Liberty Dollar in Evansville, Indiana seizing almost two tons of Ron Paul Dollars plus gold, silver and platinum.