Egold news

What Does It Take To Be An Exchange Provider?

Do you have what it takes to become a digital currency exchange provider? (agent) Perhaps you have considered being an agent?

Take a look at this interview with a newer EU exchange agent and see what they offer to global clients.

With no industry ’standards’ required to be an exchange provider, no background or credit checks, multiple jurisdictional banking issues and no minimum capital requirements…can you tell what separates a good exchange agent from a bad one? Could you avoid the risks associated with fraud and banking?

This interview was originally published over on the NOBS Network by Makila and we have reprinted it with their permission with a few opening comments.

Goldexchange.eu : A short introducing interview

(Q) Hello, please introduce yourself.

Hello, I am Roman Valihrach and my partner is Daniel Houska. We are graduates of University of Economics in Prague and we run exchanger GoldExchange.eu.

(Q) With how many people are you running the site? What services do you deliver?

We are managing our company, the site and administration ourselves, and we have a technician, who is helping out. Our vision was to become the cheapest and fastest european e-gold & 1MDC exchanger. We have achieved this through constant improvements of our know-how.

It’s not only a wise choice of banks we use, their electronic services and lowest fees. We have built a good relationship with our bankers, so that we can rely on the services and cooperate on uncovering wire frauds. Our webpages are top of the class and our customer support is renowned.

(Q) So why did you launch an e-currency exchanger?



It’s simply because we like this business. We have decided some years ago to start our own business, and as the opportunity came along with the boom of e-gold, we were in. It’s a risky business, a big challenge but we have achieved some much in a year’s time, you can look forward to our next enterprises

(Q) Are you accepting Pecunix? E-bullion? Liberty Reserve?

There was no need so far. As I have said before, our goal was to become the most efficient e-gold exchanger for our customers. I am proud to say that we have achieved our goal in such a short time but just at a time that e-gold started having problems. Our efficiency consisted in concentrating our resources onto just the top one currency. e-gold is unbeatable and will stay unbeated for a long time.

As the situation requires, we have started implementing all three of the other systems you mentioned. Only our customers may decide which system will become most successful. But personally and for specific reasons, I do not see Pecunix, nor e-bullion as the successors of e-gold. We’ll see how Liberty reserve can grab onto the situation. So far we have mixed feelings.

Note: E-bullion outexchanges are available since the start of this week. E-bullion inexchanger becomes available within 2 weeks. Liberty reserve has been added but grayed out, and will become available when LR’s new website have been installed. (see www.libertyreserve.com)

(Q) What are the fees for inexchanges? outexchanges? E-currency exchanges?

Currently, we are inexchanging e-gold at 1,9%, and we charge no bank fees upon receipt. Our European customers use their internet banking for sending wires to inexchange, and they pay no bank fees thanks to our service (the price for receiving e-gold is virtually just 1,9%). We are cheapest and fastest for the rest of the world as well. We honestly think we are the cheapest reputable e-gold exchanger in the world.

Our outexchange fee right now is 3,5% because of the fact that e-gold outexchange highly exceeds e-gold inexchange at the moment (this is still the lowest price compared to our competitors). We charge no bank fees wihin Europe, and we have the lowest bank fee (just $20 - lower than any other exchanger) for international wires.

Note: E-bullion outexchange fees are 1.9% + 20$/Eu Bankwire fee. If you accept bankwire in Euro, the 20$/Eu Bankwire fee is dropped however because e-bullion itself only support $ and not Eu, the actual Euro’s you recieve in your bank account varies depending on the current exchange rate US dollar/Euro.

(Q) Are you a registered company? Do you have a license to operate as a business?

Yes.

(Q) Are you paying taxes?

Yes, we are.

(Q) How can we be sure you are a reliable company? I don’t see you listed on any e-currency site as an official exchanger.

We have applied with e-gold but have been waiting for more than 2 months now. e-gold’s administration is terrible, it is one of their weaknesses and one of the the major reasons they have run into problems. As the situation has changed, we no longer insist on being listed with e-gold. We will be listed with Liberty reserve in a few weeks, and we are working on a deal with e-bullion and pecunix right now.

We are ICOMMU approved, we are rated on GDCA and we will become their member shortly, we are listed on the gold-pages.net as a top EU IBAN exchanger, we have a long history on moneymakergroup forum and talkgold forum and czemoney forum, we are registered as a legal company. We have established many good partnerships. The design and functionality of our web pages are one of the best. We have put incredible amounts of effort into building our business, no one would go this far to scam. But most of all, our satisfied customers speak for us.

(Q) Is it possible for people to meet you in person?

Yes.

(Q) Can we have your address and real life data? (held private, it wont be posted on this blog or anywhere else) If not, please explain us why we cant have it?

This is the address of our company: eCardOne Ltd. MAHE, P.O. BOX 1313 VICTORIA, Seychelles. We are physically located in Europe. I don’t understand the real life data term, what does it mean? I don’t see this as much of a professional question. We are no hyip that needs due diligence. We are a regular business just like Microsoft for example. Would Bill Gates make his private address and “real life data” public? No, he wouldn’t. Why? Because it would only give him problems and no merits. Companies build their reputation with their brand and satisfied customers, not with managers making their private life public.

(Q) Anything else you want us to know?

We’re here for our customers. Even though we’re still not the size of top three exchangers, we are continually improving our services and our turnover is growing steadily. This business is facing big challanges at the moment. But we know what our customers want, and we’ll bring it to them.