making lots of money and passing through E currency accounts

[tbolking]

guys im thinking of starting a small ebay internet biz that sell's herbal soap's and lotion's ect. can we discuss safe method's of operation when passing funds through accounts and putting xyz funds here and xyz funds there...

quick edit-

oh for the record i pay my taxes every year, my accountant take's care of my business endevor's income and we file everything

i always pay taxes

[allbeef]

Lets Talk about it.

If you are selling soap then use a US bank and paypal. If you are selling gear expect to pay about 15% to get your money from the customers hands into your hands.

Theres no getting around the fees. Nobody sets up an electronic currency without the goal of fullfilling a small niche and making big money.

Big players; guys who are moving 100's of thousands of dollars of money a month have Panamanian or Russian contacts that allow them to utilize all kind of offshore and private banking services. The advantage for a small player is unless you are doing more than 40-50K a month thru an account you are small fish in a very big pond.

You want to use unverified accounts. Thats what makes E-gold so valuable. It is a foreign currency and therefore not subject to the same regulations as banks. So everyone knows that E-gold accounts are set up with aliases. This isn't defrauding anyone if you are paying your countries taxes on your profits. Anymore than Tbolking is defrauding us or harming us by not revealing his true ID. I am not a lawyer so check with a lawyer, but it's your money you are moving around from your soap sales so WTF? Theres alot of reasons why you may want to hide your ID and most of them have nothing to do with illegal behavior.

So guys set up 4 or 5 e-gold accounts and maybe even have one verified ( under their real ID ). They will move money through accounts and either:

have it wired into their personal bank account.
have a check mailed to their office.
Have it loaded on a debit card.

But what eveybody has to understand is that you never hold funds for more than a couple days in any ecurrency account verified or not. With the recent FBI raid of Egold ( in Florida! duh you thought their servers were offshore? ) it is clear that one day you could attempt to log in and you can't. Whatsmore is you will never see your money. You see when push comes to shove ( my prediction ) that physician who owns E-gold just shuts it down takes everyones money and moves to Mexico which is what the Evocash owner did.

And it will be a relief to the goverment to have it shut down so no one will ever pursue him into Mexico.

So any system that allows you to operate unverified is temporary and it is only used to send money through and not to hold money.

I hope that helps.

Allbeef

[tbolking]

i just edited my post and added some important details.

as always thanks beef!!