65 online
 
Most Popular Choices
Share on Facebook 26 Printer Friendly Page More Sharing
Exclusive to OpEd News:
General News   

Interview With Steve Renner of CashCards.net, e-gold's® New Primary Dealer

By       (Page 1 of 3 pages)   4 comments
Follow Me on Twitter     Message Carl Mullan
Become a Fan

This is an interview with the Mr. Steve Renner. For the last 7 years he has operated CashCards.net. His company is also now the primary dealer for exchanges of e-gold ® digital currency. Since 2006, OmniPay the original primary dealer for e-gold, has been out of business. With the loss of OmniPay, e-gold ® independent agent exchange rates have risen from 2-3% all the way up to 25% in some cases. The 'exchange rate' is the fee an independent agent charges to exchange national currency into digital currency that can be used online. Sending national currency to purchase e-gold is called an 'inexchange' and withdrawing digital currency into national currency is known as an 'outexchange'. All exchange transactions for e-gold are handled through third party independent exchange agents. E-gold Ltd. has never even had a bank account and does not accept customer funds.

With a new primary dealer, it is believed that these exchange rates might fall back to normal ranges(3-6%). E-gold is still widely used around the world for Internet commerce so this information is welcome news for all account holders.

Mr. Renner also has the longest running e-currency debit card ever created in the history of digital gold currency. Knowing that over the past decade hundreds of other card companies have started and gone out of business, the CashCards.net operation is a rather monumental success story. Here is the interview:

This was a message received by Cashcards.net customers last month.

From Steve Renner Cashcards.net:
Cash Cards is now the Primary Dealer for E-Gold. We have been approved to Bail Bars of E-Gold in and out of the system. So if you have a large quantity of e-gold - 100 oz or more please contact us for special "Out-Exchange" Rates!


(Q) Steve, give us some good news! What does that mean "Primary Dealer" ?
Hi Mark, Yes thanks for asking, we have been approved to be the Primary Dealer for e-gold, essentially taking over the function previously preformed by OmniPay. We are the Exchange Service for the Exchange Services.

(Q) Can you tell us what this new arrangement with e-gold means for users?
This means that e-gold will become liquid again, and customers can feel confident in using e-gold as a method of payment knowing they can always sell their e-gold at any time.

(Q) What might your additional buying and selling do for liquidity in the e-gold marketplace?
This should make trading e-gold faster and easier for users, and encourage more people to use e-gold again as a chosen method of payment.

(Q) To out exchange e-gold through your company today, what is my rate on a $5,000 sell?
Currently Out Exchange is running at 15%. $5,000.00 would be $750.00

(Q) Can you forecast that e-gold exchange rates might drop in the coming months?
This should reduce the exchange rates to back to levels they were at previously in the 3% - 5% range.

(Q) For how many years has CashCards been in continuous operation?
We originally started back in 1998 providing Internet Services. Cash Cards International, LLC was incorporated in 2001.

(Q) Your debit card products are the longest running card in e-currency history. Many other cards have come and gone. What fuels your success?
We are here for the long term. We pioneered this concept and understand the Card industry, and we understand the Digital Currency. Most of the other competitors have no clue what it takes to run a Card Service business. They get a fast reseller account with some provider who does not understand the Digital Currency business and end up out of business in a short time.

(Q) What is the most popular product at Cashcards?
Obviously our Core Business is providing Cash Cards which can be funded with Digital Currency. We are the leaders in this niche market.

(Q) Do you offer an affiliate program for those of us wanting to earn with you?
Yes we have a 2-Tier affiliate program which pays $20 on Direct Sales of our cards and $10 on Indirect Sales.

(Q) I see that your cards are listed in the Liberty Reserve directory. I know they have gotten really popular in the past year. How much of your monthly business comes from Liberty Reserve exchanges?
Liberty Reserve has gained in popularity recently. They have a good system, and seem to be managed well. I expect to see growth in Liberty Reserve Exchange. Another popular Digital Currency is E-Bullion.

(Q) How many card products does your company offer at this time?
We have been offering 2 main Card products:

Next Page  1  |  2  |  3

(Note: You can view every article as one long page if you sign up as an Advocate Member, or higher).

Rate It | View Ratings

Carl Mullan Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

I publish an online magazine focused on alternative currency. Email him with any thoughts or criticism. Note: This online publication represents Carl's personal views. OpEdNews only publishes a portion of Carl's writings.

Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Follow Me on Twitter     Writers Guidelines

 
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEd News Newsletter
Name
Email
   (Opens new browser window)
 

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Pamela Fayed's Murder Marks The Beginning of the End for E-bullion

Interview With Steve Renner of CashCards.net, e-gold's® New Primary Dealer

H.B. 317 Utah's Sound Money Dilemma

10 Questions with Mr. Bill Murphy of GATA About Gold Price Manipulation

Moving Forward to a New Digital Gold Standard

Interview with TimeBanking Founder Edgar Cahn and Chris Gray CEO of TimeBanks USA

To View Comments or Join the Conversation:

Tell A Friend