Any idea of Egopay?

India
October 12, 2012 12:07pm CST
Some sites now use Egopay as their money processor. The name is quite new to me and I guess to most of the mylotters. Has any one any idea of it? How much it is trustworthy as a money processor? Being an Indian, would it be justified to open an account with Egopay? I am asking this as I may have to use it for cashing out from a PTC site which has now switched over to this site from Paypal.
1 person likes this
6 responses
@CODYMAC (1357)
• San Diego, California
12 Oct 12
Well at first I only heard bad reviews but now I am hearing good things. The things I heard, which are not true, by the way, were that it was the biggest scam processor and Payza owned it. But in reality it is a good processor and I will use it later on for other things. It is like Payza in some ways but different in other ways.
@techweb (217)
• United States
13 Oct 12
Its my understanding that they are a company started by a group of previous Payza employees, not necessarily that they are owned by Payza. What did you read to dispel the rumour, or any additional info would be appreciated. Thanks!
• India
14 Oct 12
Then what is your opinion regarding opening accounts with egopay, liberty reserve and solid trust pay? Which one is the ideal for receiving payment as well as subsequent investment online? Please remember that I am an Indian citizen. So, please try to suggest me accordingly.
• Howrah, India
13 Oct 12
Don't use this money processor it's the worst of all...
• India
14 Oct 12
Then which one you suggest for receiving payment from sites that no longer work with Paypal?
@swats89 (1731)
• India
13 Oct 12
Egopay is like Liberty Reserve in which you have need some exchanger to convert your money so that it can be deposited in your paypal account. For example If you have $10 in your egopay account and you have to transfer it to paypal account then you should have exchanger to do it. For more information you can watch video on youtube. Cheers.
• India
14 Oct 12
What's regarding solid trust pay. My present plan is to invest online what I earn online. So for an Indian citizen, what is the best one to use among Egopay, Solid Trust Pay and Liberty Reserve?
• Puerto Rico
12 Oct 12
Some sites that are not allowed to pay using paypal use it. I think it's new compared to Liberty Reserve. For some reason sites that look suspicious tend to avoid paypal or are banned by paypal altogether. Be careful with those sites and what information they ask for (sites that use other payment processors). Egopay is legit from all I know however with any new payment processors you should be concerned about account security.
• India
14 Oct 12
I agree with you that with any payment processor, be it new or old, we must always be very careful about account security. No one predict which one is going to survive and which one will go scam.
@riyauro (6431)
• India
12 Oct 12
I have not heard of this processor as well. Totally new to me. I like paypal and I think it is still the king. Thanks for sharing and have a wonderful day ahead.
@techweb (217)
• United States
12 Oct 12
I am a believer in the rumour that it is tangentially associated to Payza. I don't know why Payza stopped supporting certain sites, but EgoPay seems to be its replacement. I don't think its a coincidence that to supply EgoPay account with money you can use Payza (and vice-versus for withdrawals).