Originally Posted by Michael O (Post 17464591)

I think best post in this entire thread is 877

Originally Posted by SexoboliC (Post 17464830)

don't know the difference but found this post on the net:

"After a few phone calls.... It is my understanding that the problem is NOT with the ST Kitts bank....Visa has suspended only Epass pre-paid Visa accounts. (Virtual Visa etc)

They have not suspended the other VISA accounts at the ST Kitts bank

The concerns are as addressed by many prior posters. AML laws, who owns the underlying cards etc etc...."

Originally Posted by Michael O (Post 17464676)

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]

Originally Posted by holograph (Post 17462427)

Michael, since VV has been suspended, does it mean all incoming money will go now into Wallet by default for those whos been accepting it in VV previously?

Originally Posted by myjah (Post 17464853)

link please

Originally Posted by arock10 (Post 17463805)

"ePassporte also highly recommends that you keep the majority of your funds on your ePassporte Wallet instead of your Visa Virtual Account. The ePassporte Wallet enables you to keep funds separate from your Visa Virtual Account and Visa Electron Card until you transfer the funds from the ePassporte Wallet to the Visa Virtual Account for use. By keeping your funds on the ePassporte Wallet, you ensure that your funds are protected in the event your Visa Virtual Account or Visa Electron Card is ever lost, stolen, or compromised through a stolen database, a merchant, or an ATM.

To initiate the transfer to your ePassporte Wallet, go to "My Account," select the "Transfer Money" option from the navigation bar, and click the "Wallet To/From Visa Virtual" button."



So I left all mine in virtual visa, cause you guys left out By keeping your funds on the ePassporte Wallet, you ensure that your funds are protected in the event your Visa Virtual Account or Visa Electron Card is ever lost, stolen, or compromised through a stolen database, a merchant, or an ATM OR VISA SHUTS US DOWN AND FREEZES ALL YOUR MONEY. If I had known that then maybe I would've used the wallet

Originally Posted by kristin (Post 17464675)

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

Originally Posted by AdultEUhost (Post 17464554)

After finding out I did some research on the issue and wanted to share my thoughts as it probably answers some questions.

First of all I think we should cut Michael some slack, he is clearly the messenger here and if it wasn't for him we would be completely in the dark. I am 100% sure he is trying to do whatever lies within his power. It is so easy for a company going down the shitter to just not communicate anymore and leave everything behind (well in most cases except the funds then).

I don't know the setup and structure of epassporte in detail but i do know a lot about offshore constructions and credit cards. Working with offshore companies and trust companies in between does not make it easier to get such a setup.

Visa debit cards are issued by Visa through financial institutions, mostly banks. These cards are linked to a corporate account which needs to be funded equally or more of the combined balances on the cards. So if you have 100 cards out there with a combined balance of let's say 50k, the bank who issued those cards has a bank account somewhere with a balance of 50k.

The problem with the wallet and visa "accounts" is that money in the wallet is accounted for on the bank account of epassporte self. Therefore epassporte should have no problem paying out those funds.

Your balance on the visa card is different, an equal amount of funds is located on a bank account at the St. Kitts National Bank linked to the big corporate visa account. At this moment this bank account is probably seized or suspended.

The problem is not caused by epassporte itsself, it is created by the fact St Kitts National Bank has either lost their Visa contract or has to deal with another sort of problem: funds being seized because of legal issues.

If the St Kitts national bank indeed lost their visa account that would mean that they are not allowed to issue new Visa cards or offer customers the functionality to withdraw money through visa cards. This has nothing to do with the funds though as the funds are most likely still in the bank, it is just that the option to withdraw through visa is suspended. Such actions are often communicated well in advance with several warnings, in case Visa has the impression St Kitts National Bank has other, probably legal, issues that might a good reason too.

The other option is that St Kitts National Bank seized all their accounts preventing a bank run for example. I find that unlikely. St. Kitts National Bank is part of the ECIC Holdings Ltd which a consortium of 10 banks in the area which recently were in the news for rescuing the TCI Bank which went into forced liquidation. Again your funds should still be with the bank then, the only problem is then that nobody including Visa or epassporte is able to access, in which case Visa has a good reason to suspend the withdrawal. In this case epassporte will probably try to regain access to the funds and find a new Visa issuing bank to continue operations.

The St. Kitts National Bank (or fully: St Kitts-Nevis-Anguilla National Bank Ltd) falls under the Eastern Carribean Central Bank. I couldn't find the warranties and insurances the central bank issues yet but i am pretty sure you can't compare it to western standards.

So in my opinion you can't really blame epassporte at this moment, maybe only for the fact they relied solely on the St Kitts National Bank.

Bitchting at the situation or persons is useless at this moment, the only thing you can do here it withdraw funds on your wallet and be patient till further useful information is released from epassporte (or a newspaper in case you read that the St Kitts National Bank went under supervision or filed bankruptcy which let's hope won't happen)


Please note that I am not affiliated with epassporte in any way, I am just posting my thoughts :)

More reads:
[1] http://www.highbeam.com/doc/1A1-D9DTKCK80.html
[2] http://www.eccb-centralbank.org/About/index.asp
[3] http://www.ecseonline.com/issuer_pro...ional_bank.php
[4] http://www.ecseonline.com/issuer_pro...Rpt31Mar10.pdf (unaudited quarterly report for Q1 2010 of St. Kitts National Bank)
[5] http://www.thedominican.net/2010/08/...-tci-bank.html

Originally Posted by raymor (Post 17464855)

These are the fees that are disclosed on your page:

Visa Physical/Plastic Card Account Fees
Visa Physical/Plastic Card Account Creation Fee: US$35.00
Visa Physical/Plastic Card Account Annual Renewal Fee : US$35.00
(Applied once every year after the account creation date)
ATM WIthdrawal Via Physical/Plastic Card: US$3.00

So as far as recurring fees, it lists one fee, the $35 / year renewal.

Instead, this is what you actually charge:


> > 03 May 2009 Electron Card Annual Fee $-35.00 $0.00
> >
> >
> > 01 Feb 2010 Electron Card Renewal raymor $-35.00 $0.00
> >
> > 01 Feb 2010 Electron Card Renewal raymor $-35.00 $0.00
> >
> > 12 Jan 2010 Electron Card Annual Fee $-35.00 $0.00

That's four fees for two cards, twice what's listed on your
"fees" page. Most of my messages sent via the support center were
pretty much ignored, people saying "we'll get back to you". On the
phone, Sunil eventually clearly admitted that ePassporte is charging
"undisclosed fees", but he refused to refund those fees. I may still
have the recording of that conversation (and admission) archived somewhere.
I advised Sunil that I had spoken to Patricia Reid-Waugh, Commissioner,
St. Kitts-Nevis Financial Services Commission, and she said she would
look into it. It appears that she or Visa has in fact looked into it
and found that, as ePassporte has admitted, they have been stealing
their customers' money. I told you guys the choice was simple - refund
the bogues "fee", or lose your processing. Seemed like an easy decision
to me.

Originally Posted by tube2k (Post 17464897)

http://www.thestkittsnevisobserver.c...k-robbery.html

This is why!

Originally Posted by tube2k (Post 17464897)

http://www.thestkittsnevisobserver.c...k-robbery.html

This is why!

Originally Posted by AdultEUhost (Post 17463914)

by the way, two days ago I received this notice:

Dear Account Holder,

In an effort to comply with Visa's new ATM limit requirements, Please be advised your Visa Electron Card ATM withdrawal limits have been changed to $1020 USD per day and a maximum of 10 transactions per day. The maximum amount you may withdraw within a 24 hour period is $1020 USD. We apologize for the inconvenience and short notice. Should you have additional questions or concerns, please send a message to Account Holder Services via the message center.

Did anyone else got that? I used to have a $3500 limit on my personal account and no limit at all on my epass business visa

Originally Posted by RKLover (Post 17464944)

I would have to say "Not very likely". Bank robberies hardly ever yield a large loss.

Tellers are trained not to keep any more than $2,000 in their cash drawer.

Vaults are on time locks and rarely contain more capital than the branch requires to operate for the day.

If a customer wants to make a large withdrawal, they usually need to arrange that 2 days in advance.

So, probably no large loss from an in and out bank heist.

Originally Posted by raymor (Post 17464855)

These are the fees that are disclosed on your page:

Visa Physical/Plastic Card Account Fees
Visa Physical/Plastic Card Account Creation Fee: US$35.00
Visa Physical/Plastic Card Account Annual Renewal Fee : US$35.00
(Applied once every year after the account creation date)
ATM WIthdrawal Via Physical/Plastic Card: US$3.00

So as far as recurring fees, it lists one fee, the $35 / year renewal.

Instead, this is what you actually charge:


> > 03 May 2009 Electron Card Annual Fee $-35.00 $0.00
> >
> >
> > 01 Feb 2010 Electron Card Renewal raymor $-35.00 $0.00
> >
> > 01 Feb 2010 Electron Card Renewal raymor $-35.00 $0.00
> >
> > 12 Jan 2010 Electron Card Annual Fee $-35.00 $0.00

That's four fees for two cards, twice what's listed on your
"fees" page. Most of my messages sent via the support center were
pretty much ignored, people saying "we'll get back to you". On the
phone, Sunil eventually clearly admitted that ePassporte is charging
"undisclosed fees", but he refused to refund those fees. I may still
have the recording of that conversation (and admission) archived somewhere.
I advised Sunil that I had spoken to Patricia Reid-Waugh, Commissioner,
St. Kitts-Nevis Financial Services Commission, and she said she would
look into it. It appears that she or Visa has in fact looked into it
and found that, as ePassporte has admitted, they have been stealing
their customers' money. I told you guys the choice was simple - refund
the bogues "fee", or lose your processing. Seemed like an easy decision
to me.

Originally Posted by Jdoughs (Post 17464948)

Raymor, you never go full on retard.

Originally Posted by quiet (Post 17464972)

ibill part deux. or dmr part 3.

Originally Posted by Agent 488 (Post 17464968)

thanks for fucking up my biz over a fucking fee asshole.

Originally Posted by wyldblyss (Post 17464700)

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.

Originally Posted by PXN (Post 17465005)

Anyone have funds in wallet and try to transfer it to your personal debit card (not epass visa electron card) and withdrew the money?

I wonder if this work. I have funds in wallet only.

Originally Posted by will76 (Post 17464639)

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.

Originally Posted by bizz (Post 17465022)

Hello ****,

Unfortunately, we do not offer a withdraw option to a credit card.

Sorry for the inconvenience,


--
Larry Chavana

Wtf ?

Originally Posted by raymor (Post 17464970)

Eight warnings over six months from us, and only they know how many other complaints.
Over and over they were told "you are stealing from all of your customers. You need to stop."
"You need to stop stealing from your customers, or someone will make you stop."
"People have the name and phone number of the regulator who can make you stop, does
someone really have to call her?" "People are going to complain to Visa if you don't refund
what you've stolen." We gave them every opportunity, months and months, to take care of it,
or hell at least make an excuse or something. How long do you go on with them saying
"yeah, we're stealing from everyone and we're going to keep doing it and fuck you all"?
Somebody was eventually going to bust their balls if they just wouldn't stop stealing from
all of us.

Originally Posted by PXN (Post 17465029)

In Epass there is a withdraw to your personal debit card, not credit card. I don't know if there is a difference between a personal debit vs cc. Anyone?

Originally Posted by fris (Post 17464038)

but why does that matter, you cant spend it.