OmniPay

OmniPay is a digital currency exchanger founded by Gold & Silver Reserve Inc, owners of e-gold, in 1996. OmniPay are based in Melbourne, Florida, United States, but are seeking to move their operation to West Africa.^[1]

OminPay buy and sell e-gold in exchange for fiat currency and a transaction fee. They also allow clients to exchange one e-metal for another (e.g. changing e-gold into e-silver, e-platinum or e-palladium) at spot prices with no bid/offer spread or minimum volumes. Omnipay refer to this as a Metal-to-Metal Exchange Order or M2M.

OmniPay's fees for exchanging fiat currency into e-gold (InExchange Order) are two percent. Omnipay minimum InExchange Order volumes are as follows:

• 1,000 United States dollars
• 1,000 euros
• 2,000 Canadian dollars
• 123,000 Japanese yen
• 1,000 British pounds
• 2,000 Swiss francs
• 2,000 Australian dollars

Suspension of services

Omnipay has stopped In and Out transactions of Egold since end of May 2007 and until now it has still not resumed its services. Initially Omnipay promised to start operation by 18 June, but on 21 June 2007 a notice was posted on the Omnipay website which states there would be 'several more weeks' before Omnipay can resume its services. However, after a lapse of nearly a year, no indications of resumption of services can be seen.^[2]

References

1. ^ OmniPay transition
2. ^ "Omnipay". https://www.omnipay.com/secure/opapr2010.asp. 

External links

• OmniPay