OmniPay

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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:

[edit] Suspension of services

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