|
|
Post by MarineLiner on Mar 11, 2004 2:34:00 GMT -5
|
|
|
|
Post by MarineLiner on Mar 11, 2004 2:36:44 GMT -5
|
|
|
|
Post by MarineLiner on Mar 11, 2004 20:51:09 GMT -5
 -    --------------------------------------------------------------------------------
How do you spend e-dinar?
Entering an e-dinar Payment Order is similar to writing an (online) check: specify recipient and amount. There are some differences:
amount can be expressed as e-dinar or in terms of familiar national currencies' worth, and
you must know your recipient's e-dinar Account number. .
To spend e-dinar, click Spend in the Access Account screen. Incidentally, you don't need to worry about making an accidental overdraft... the system won't let you.
--------------------------------------------------------------------------------
Where can I spend e-dinar ?
You can spend e-dinar to any recipient who opens an e-dinar account. Any payment which you might ordinarily make by cash, check or with a credit card can be done through an e-dinar transaction.
--------------------------------------------------------------------------------
How do you implement e-dinar into online shopping carts?
e-dinar is excellent for online shopping carts. In less time than it takes to receive an automated credit card confirmation, you receive confirmation of cleared payment. There's no such thing as a "charge back". [Refunds, if appropriate, are entirely under your control - no one can pull from your e-dinar account]. The fee for receiving payment in e-dinar [1%, in gold, deducted from payee, subject to maximum of 50 cents (equivalent value)] is much less than what credit card companies charge. In fact, even if you OutExchange all the metal you receive, the combined fees/commissions are still significantly less. Unlike the hassles of setting up a merchant credit card account, there is no application process, no initiation fee. We don't even distinguish a so-called merchant account; an account is an account. You can implement and test the protocol entirely on a self-service basis. Download our Shopping Cart Interface specification SCI specifications We frankly can't imagine why anyone would accept credit cards when they can be paid in gold... and this at lower cost!
--------------------------------------------------------------------------------
e-dinar is not limited to spends to payees with e-dinar accounts
e-dinar is about costs and safety. There is no fee for you, the payer, when you click an e-dinar payment to someone. |
|
|
|
Post by Az on Mar 11, 2004 22:51:02 GMT -5
 e-dinar is not limited to spends to payees with e-dinar accountse-dinar is about costs and safety. There is no fee for you, the payer, when you click an e-dinar payment to someone. A processing fee is deducted from the recipient, but it is a fraction of the fees which credit card merchants pay. For instance, for a $1000 (equivalent) payment, the fee for receiving payment in gold is less than one twentieth the cost of accepting plastic. There is also an additional option. You can direct the proceeds of OutExchange to any recipient, in any major churn. Enter the OutExchange order, tell us who/where to send the check to. We call this OEDP, for OutExchange with Directed Payment. It is not nearly as efficient as using e-dinar as money, since fulfillment of OEDP orders involves the banking systems. You, the payer, are charged fixed wire fee covering our costs. This option enables you to protect yourself from the credit and systemic risks of the banking system. You can keep a higher proportion of your net worth in e-dinar but still instruct us to render payment to those unfortunates that accept only national currencies. ------------------------------------------------------------------------
|
|
~ 
