Or did I misunderstand what you meant Curt?

Kind Regards
Troy

Chew on that for a while.

Hope that helps.
Regards
Troy

Interesting posts by all about EBL. I have been researching the online “ROL” program category and was close to becoming a member with Legisi before they unexpectedly changed the program by going private 2 weeks early and closing the doors to new members last night! Maybe that was sign from the heavens for me to consider other sources. Anyway, I listened to the candid and frank interview of CEO Craig Jolly and have to say that I was more than impressed with his knowledgeable responses and evident intellect. These are the kind of merits I look for when separating with my money in ventures with with uncertain outcomes.
The question I have though is what is average interest paid to EBL lenders for the various loan amount programs. I scoured the website looking for this info and it would be great knowing the idea of loaned funds returns.

Thanks!

Also..Conciliator,
Although we may or may not agree with your comments,we do not want to or have not the time to go into a head on discussion with you about why we do things.

As kerry said We have decided to terminate Egold as a payment option effective immediately. End of story.
Guys if you get the time to jump on skype and talk to us you would see where we are coming from and out intentions behind what we do and that we do indeed care about the EBL members.
We have watched for years as people have been ripped off on the internet and we are contributing to putting a stop to this.
Speak to sharon,nelson or anyone else about the lengthy conversations we have had with them about EBL.
Did we have the time to speak to them..No..but we did anyway, because we do it for the members.
Now that E-Gold is no longer a payment option, we can put our energies toward more productive outcomes.

Looking forward to having you all as long term EBL members.
Kind Regards
Troy

Checks, bankwires and PayPal are the withdraw methods.

Hopefully, they’ll look at a couple of non-precious metal digital methods. Mark did an article on WebMoney and it looks promising. You can read it here. Perhaps EBL will consider it, when it opens up for NorthAmerica.

JMO,
Sharon

As for Paypal, I am not exactly sure how their international system works for accepting funding sources. As you probably already know, the reason we do not take CC’s is fairly simple, rampant fraud and charge backs trying to rip off the program.
If there was a way to distinquish a debitcard/prepaid cash card transaction from a CC transaction , we would probably accept it. But for now we have no decernable way to do that at Paypal.
I know with Paypal they accept online checks, but that doesn’t help when a withdrawal is made by a member lender.
This is something we will be researching to try to give lenders more avenues of funding/withdrawal outside of Ecurrency exchangers.
If you have any suggesstions for us to research, they are more then welcome, outside of precious metals.

The only people that can join EBL are those with at least a US Banking account, I assume? Since thats the only option to fund paypal by bankwire?

Second, in the event EBL is making a profit from the exchnage fee, the fact that it might translate into a more successful company doesn’t justify anything. Based on that logic, they might as well charge a 16% fee, since EBL will be even more successful and can make even better returns. No. The returns should be from what they actually earn on the loans. They’re making money on the money we’re loaning them. They shouldn’t be making it on our earnings withdrawals. As far as I know, there’s no evidence that this money is appropriated for “extra returns for members”, and if it is, that would be inappropriate. You don’t inflate your rate of return by hiking up processing fees.

E-gold remains and always will be my favourite ecurrency despite having indictions now.

If EBL accepts Paypal and only accepts that, I’m sure they definitely have their reasons and preferences. Just like apple to oranges.

Let’s keep the discussion clean and not bash E-gold or Paypal for now; I’m getting a little sick of seeing discussions getting out of hand.

so IF EBL has had extra profits from fees, how is putting this into extra returns for members,paying for support staff,building a new site and the dozens of other transactions….BLOWING money as you say?

You have seriously underestimated why we do things.
We will continue to go on stronger than ever, now that E-Gols owners have been nabbed…and you can go on with your life.
Conciliator I wish you all the best in life and if you do not choose to join us and the exciting things coming up in the near future, I respect that..and wish you well.
Kind Regards
Troy