If you are in the market to buy Iraqi Dinar, a primary concern should be who to buy from. Companies selling Iraqi Dinar have proliferated on the internet with little or no official screening or oversight. Basically, anyone can set up a website and peddle Iraqi Dinar. There is no licensing required because dealers can claim they are selling dinar not as an investment but, rather, as a collector's item. Oftentimes, dealers register with the US Treasury as a Money Services Business (MSB) and prominently place an official-looking seal on their site to give the impression that they have been thoroughly checked-out by the US government. But according to the Washington State Department of Financial Institutions:
Iraqi Dinar dealers..."often register with the U.S. Treasury as a Money Services Business (MSB). An MSB registration is nothing more than a form they file; it does not reflect any experience in trading currency nor entail any qualifications on the part of the dealer, other than basic anti-money laundering requirements. The reason dealers seek this registration is to lend legitimacy to their scam and avoid more stringent regulation."
Companies selling Iraqi Dinar range from firms that have achieved solid reputations based on customer satisfaction and fair pricing to companies run by scam artists out only for their own profit and greed. But which sellers are good and which ones should you avoid? How does someone considering a dinar purchase know where to turn?
One sound solution for buying Iraqi Dinar is to buy Iraqi Dinar through eBay. eBay provides buyer protection, excellent customer feedback on sellers, secure transactions and the nearest thing that exists to an open, competitive market for Iraqi Dinar pricing.
Still, despite the advantages of buying through eBay, our poll of the best way to buy Iraqi Dinar shows clearly that most people prefer to buy their Iraqi Dinar through an online dealer.
We thought a poll would be helpful to give our visitors a chance to select which of the online dinar dealers they feel most comfortable dealing with. Of course, the poll is informal and unscientific. Still, we think it will provide some useful direction for visitors.
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