This is BY FAR the best explanation of the potential outcome from all of this. I was around when the epoch/ibill shit went down, and it wasn't pretty. Hopefully for you guys Epass has not placed your funds in St. Kitts Nevis Anguilla National Bank. With the pending lawsuit and freeze of assets, odds are that money is gone for good. Without alot of details it's ALL just speculation, but the way this situation is playing out so far it smells alot like epoch/ibill. I hope for the best outcome for all of you. :thumbsup

well they earn their money with the transactions so they should still be making money, i think the interest is just a bonus

http://www.careonecredit.com/debt-fr.../benjamins.jpg

http://tech.mit.edu/V115/N47/dead_pres.47.gif

I suddenly have the urge to watch these movies. :Oh crap

I think best post in this entire thread is 877

Let's think logical:

VISA is not stupid at all. as far as i was able to find out, this is NOT an epassporte problem, this is St. Kitts Nevis Anguilla National Bank problem:

Check out the first two articles in the searches, especially the first one:
http://www.thestkittsnevisobserver.c...tley-debt.html

You will be able to find out that St. Kitts Nevis Anguilla NATIONAL BANK was having problems for a long while, so as the country economy, and I guess VISA just blocked them for a reason, at least until they fix the national credibility issue.

Epassporte is located on Netherland Antilles and I'm sure they are not stupid to keep all of their money in the nearby country. This problem with the bank they are using for visa electron/virtual services is couple of months old (since this is a national problem), so I'm sure they were very well aware of this fact. I'm sure they are not dumb enough to be in a position to loose all their funds duet to the bank bankruptcy.

As far as I know, it's not possible to withdraw the funds from the epassporte visa account, but you should have no problems withdrawing money from the wallet using wire transfer and other methods offered there (at least that's their public statement which I also checked out from their support center).

Epassporte Visa money=St. Kitts Nevis Anguilla National Bank (I guess just a part of it).
Epassporte Wallet Money=Can't tell for sure, but their funds should be kept in some Netherland Antilles bank or even some US related bank, which is quiet logical.

Do you remember when Epass wallet option was implemented?

Why would wire transfer to some US banks be so cheap, only 3 bucks? That makes me think Epassporte is probably using some bank close related to US banks (someone please help me understand this part).

Epassporte has been in business for the last 7 years and have a lot of experience running financial services. I guess they took measures to insure their money, so they would not run out of business or face a bankruptcy just like that. Their might have been slow at moments, but to be honest - never had any serious issue with them so far.

If everything turns out for the best, we will be able to withdraw money from Epass wallets and in the meantime VISA would simply have to return the frozen money by some means (since those funds are FDIC insured).

So, let's calm down and wait for their public release. The scenario I was hoping for is the following: Epassporte will just change the bank and get new VISA cards issued by them.

I hope I'm not going to regret after posting this publicly and hope everything turns out for the best!

I have done many wires with epass and at the BEST of times it takes a couple days for them to go out so don't read too much into that. People have withdrawn money to US bank accounts (although it takes a couple days to clear but the process worked)

More info here as well in bottom: http://www.italkcash.com/forum/e-cur...all-users.html

I guess it really comes down to where you are located. In the US checks don't cost a thing to deposit and its real easy to do. Chase bank even has an iphone app now that allows you to take a picture of your check and it deposits the funds into your account, so you don't even need to go to the bank to make the deposit. I love checks here in the US.

Like they don't know why Visa finally shut them off. I warned them many times over
several months that by withdrawing undisclosed fees from account holders they
were in violation of their merchant agreement and they would be shut down if they
didn't refund those "fees" (thefts). They were told over and over. Now they claim
to be surprised when Visa finished their investigation and shut them down, just as
I told them would happen.

Michael O. I hope your "better half" gets well soon.

A question: our Visa Virtual funds, are they actually in the St. Kitts Nevis Anguilla National Bank Ltd.? If so, and that bank fails are our funds lost or tied up in litigation for years? Also, if this is the case is there some sort of government insurance in that country, or insurance policies that the bank has in place, similar to our FDIC in the United States that will come into play?

If our Visa Virtual funds are not at that bank, then where, exactly are they?

Next question: is Epass in negotiations to get another bank to issue their credit cards? If so, what is the time frame for new cards to be issued and mailed to us?

no need to bother with this question: all virtual visa funds are located within St. Kitts Nevis Anguilla National Bank (just check out the back of your epassporte visa electron card).

are you fucking serious an iphone app for cheques.. omfg.. its not that easy here in Australia! Free deposit cheques? damnit why the fuck do i have to pay so much...

I mentioned it yes, of course you see things coming and you will be notified well in advance. Banks are not a one man show :-)

Michael
is it possible to add a personal visa card now?
May I ask you to speed up the verification process of this added visa card?

It's mainly Europeans receiving the wire. Some banks hold them for up to 3 months until they release it.

I am very interested in this undisclosed fees can you please email it to me and we will look into it, we do not hide any fees deliberately so if we have made a mistake please let us know.

Thanks
[email protected]

Just got a sponsor payment from acc. dreamview07
How do you guys may call that company who willing to send epassporte today? fuck it

Yeah, the picture deposit is crazy.

#877 wasn't live when I posted my comments. After reading it, however, I agree 100%. That scenario would provide the best chances for a positive outcome for all parties. I certainly hope for that for everyone.

WOW.. what a day.
Positive approach: "I really hope it'll be fixed.. "
Negative approach: "so what r u telling me - NO MONEY?!"
My approach: "IT SMELLS and I really don't like it. Great way do end a week.. "

Your reading comprehension needs a little work. Where did I say "ME"? I have not messaged Michael, I have not contacted epass. I lost $1K in this and I'm just moving on, the same as I did with Chio. I honestly don't believe anyone is going to get their money back. If you read all the pages of this thread, you would see a lot of people talking about their inability to pay their bills. They are speaking about using epass for everything. (eg: the adopted guy with no bank account etc.). There are a lot of people from other countries who use epass exclusively for being paid (designers, grunt workers etc.) All of those people are affected.

I am pretty sure that you are a reasonably intelligent individual and are perfectly capable of understanding that while you may not agree with some people using it exclusively, that does not mean they deserved this. The money they have in epass is THEIR money, and they have every right to be upset about it and every right to demand answers.

This is certainly not the time to pick on some of the people in this thread and take the 'I'm better than you because I knew better, and I have more options, and I'm smarter" attitude. Hindsight is 20/20, especially when epass is the ONLY option for some. In this industry, like all industries there are people with a lot of money, people with a moderate amount of money and some people barely making it. We should applaud them for at least trying to earn money, using the resources available to them and trying their best rather than sitting on their asses and having someone else support them.

I don't believe in kicking people when they are down but apparently from your post you do. You appear to enjoy taking opportunities like this to point out that you are smarter and wiser and better off than others. That isn't my style. I guess my mom raised me differently. I spoke out because I felt that Micheal needed to remember that for some people this situation is having an enormous impact on their lives and because of this, he shouldn't be "too busy" for them. It is called empathy...maybe you should try it sometime.

i have no idea how that's funny.

wow......what a clusterfuck. I sure hope we get out money back somehow.

:1orglaugh Esquire... please post or do they charge per lookup?

Serious questions, how many visa debit card as epassporte issued that are currently active cards?

100's of k's?

Accept Christ as your savior, before it's too late! :1orglaugh

http://marklhitchcock.com/wp-content...-Doomsday1.jpg

So did anyone manage to withdraw money using the still available methods since the announcement ?

Thanks Doc.
Your reply makes sense, i'll ask the receiver to change the settings then.

thanks for that info. I was going to look but forgot I took a huge shit on the card and flushed it last night.

If you have your money in the e wallet, is it possible to withdraw to US checking account?. It has already said that it is not possible to withdraw from Visa virtual account, but what are the options when your $ is into the wallet? Are they the same in the US, EU and other countries? I think it would save a lot of messages if these options were explained and maybe sticky (?)

1. I never asked a question so there is no need to email you.
2. I never questioned your commitment, I did question your judgement on removing your banner.
3. You need a nap, apparently you get cranky when you don't get much sleep
4. I hope your girlfriend recovers soon.

Yes, it's been answered several times, you can withdraw the money from your wallet via wire, etc.

As Sean said we've been changing affiliate payout methods. Any NScash.com affiliates can use our ticketing support system and we'll change it promptly.

that does sound reasonable. i think we can still look for a positive outcome from this, it might take a little time though.

yes, just read! :warning:pimp

So catchy :) :thumbsup

One day someone is gonna be an accidental super star due to something like this. :2 cents:

so long epass. it was nice never doing business with you

I belong to a financial community board and this is what is being said in regards to this.
--------------------------------


The reason for this move from Visa is most likely because of the new rules enforced by Treasury Department's Financial Crimes Enforcement Network (FinCEN).

New rules has come in place regarding debit pre paid cards, gift cards and reloadable top up cards. The rules, which were mandated by the Credit CARD Act of 2009, require more data collection and reporting from businesses, and some experts say they could make prepaid card buying a challenge for some consumers.

Starting June 28, the public will have 30 days to comment on the rules, which require nonbank prepaid card providers to:

Quote:

File suspicious activity reports (SARs) with the government on suspicious activity of more than $2,000. Suspicious Activities Reports are Treasury Department forms already required of banks, casinos, poker rooms, securities and futures firms and others in the money services business. More than 5.6 million have been filed since they were first mandated in 1996 (see chart). The proposed rule would add nonbank card providers to the ranks of those required to file forms with the government when their suspicions are aroused.
Collect customer information anytime a card is reloaded at someplace other than a bank.
Maintain transaction information.

The rule focuses on the following:

Quote:

Don't have the value clearly labeled on them.
Are reloadable at places other than banks.
Can have a maximum lifetime value of more than $1,000, including reloads.
Can be used anywhere -- especially if they can be used internationally.
Can have the value transferred to another card.
Are purchased in large amounts or seem otherwise suspicious.



Basically this is another terrorists anti-money laundry mumbo jumbo, but for now Epassporte is going to stay closed unless they will be able to comply with the new regulatations that came into force just a bit more than 30 days ago.


--------------------

Epassporte functionality that some may not know of:

All money that are kept in Epassporte are NOT, Visa. The two has nothing to do with each other. The gimmicks with Virtual Visa etc. has nothing to do with Visa. All money are at all times kept in the very same bank that Epassporte works together with.

All money are kept in the bank, which Epassporte uses as their intermedia for Visa as they do not directly hold any Visa license.

Epassporte holds an Deposit-taking business license on St. Kitts.

Since the bank that works together with Visa has lost their license, which in turn is due to the new regulations, Epassporte cannot issue new cards before they:

A) Find a new bank

B) Get a direct license from Visa, which they wont as Visa only works directly together with Banks