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Gold Pay was a banking method that enabled its clients to buy and get actual gold as payment, but at a low risk, at good prices and low fees. It had little restrictions and little time of fund processing.
You could conduct your transactions in the same wasy as you would do with money, just applying with gold to barter with. This method of payment was introduced due to the strict laws in the US about paying online with cash for gambling services.
Regretably, Gold Pay has had to exit the online gambling arena as a viable deposit method.