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-   Fucking Around & Business Discussion (https://gfy.com/forumdisplay.php?f=26)
-   -   ePassporte Official Statment (https://gfy.com/showthread.php?t=985088)

lex 09-04-2010 02:19 AM
Quote:
Originally Posted by rowan (Post 17466380)
I'm also worried that Epass might be using a fractional reserve system, in other words, they do not actually have physical "possession" of the sum of their customer's balances... part of that gets tied up in outside investments. The system works (usually) because with enough customers there's an average minimum balance - anything above that (plus a safety margin) can be used for other investment purposes without affecting the company's ability to handle the usual daily deposit and withdrawal operations. Trouble is if those investments lose money then it could be the start of a downward spiral, where the sum of their available cash and unrealised investments is less than the sum of the customer's balances. In other words, they can't pay out everyone. A run on the bank (where a large number of customers withdraw all their money) could leave the remaining customers with cents in the dollar, or nothing. :helpme
Fractional reserve banking is done by banks and as epass is not a bank it doesn't lend money. This isn't to say the bank epass use don't lend money but it seems from earlier posts that St.Kitts were going strong and even looking to absorb other failing banks.

AlexUA 09-04-2010 02:51 AM
http://images.dezinfo.net/image/09.2007/ocvenzim/0.jpg

cam_girls 09-04-2010 02:59 AM
Quote:
Originally Posted by Vjo (Post 17467186)
</SARCASM>
on your
</SARCASM>

Just playing along. :)

Oh good. Pardon me for thinking you were really that dumb.

babebuns 09-04-2010 03:32 AM
Quote:
I'm also worried that Epass might be using a fractional reserve system, in other words, they do not actually have physical "possession" of the sum of their customer's balances.
No. No. No. No.

Dreamteam 09-04-2010 03:42 AM
...


I'm more woried about the chance that I can't use epassporte anymore in the future then the stupid $6000 blocked on epass right now.

Jesus fucking christ, at least give them a "FAIR" chance to fix this.

Do you realy think "stirring shit" will speed up the whole process?

Some complot theories here are complicated
then the "Da Vinci Code".

Stupid cunts ....


...

seeandsee 09-04-2010 04:07 AM
Visa, banks, epass, money, plots, movie = i am going off whole weekend!

Jon Oso 09-04-2010 04:12 AM
Quote:
Originally Posted by cam_girls (Post 17467041)
WHOA! Mum managed to send me $100 on a weekend.

All charged up, I was like a kid in a candy store at the supermarket.

Back To Business!
I'll send you $250 for 75% ownership of camgirls.com via paypal or wire tomorrow.

Emma 09-04-2010 04:14 AM
currently I have more than $2000 on my epass. so what to do?

nico-t 09-04-2010 04:15 AM
LOL
just received my new epass card in the mail :Oh crap

naughtyjc 09-04-2010 04:20 AM
this blows...hope it gets resolved soon...need my money!

mn 09-04-2010 04:22 AM
whats the error you get when using the card in atm's now? or maybe it swallows the card?

loreen 09-04-2010 04:29 AM
http://i55.tinypic.com/5zp7cm.jpg

DanS 09-04-2010 04:48 AM
Quote:
Originally Posted by mn (Post 17467369)
whats the error you get when using the card in atm's now? or maybe it swallows the card?
Depending on which ATM I try it says something like "Function not allowed" and asks if I want to do another transaction.

40obfam 09-04-2010 05:06 AM
Have a nice day

istinspring 09-04-2010 05:07 AM
god damn =( i'm so fucked jesus christ. epassporte ruin everything. i hope they manage their problems soon or this will be literally disaster for me.

Michael O 09-04-2010 05:10 AM
Quote:
Originally Posted by Emma (Post 17467356)
currently I have more than $2000 on my epass. so what to do?
I know I am a bit biased but if you do not need the money now I would wait a week and see what happens.
The money is safe, you will get your money if not we would not be here posting and would not tell Account Holders what the current withdrawal options are and so on.

Vick! 09-04-2010 05:44 AM
Quote:
Originally Posted by Michael O (Post 17466308)
Visa suspended the cards so its not possible to move funds to/from the cards.
Doesn't make sense to me. But thanks, we have our fingers crossed. :thumbsup


Quote:
Originally Posted by Jdoughs (Post 17466362)
I'd much prefer them working on the issue, then answering the same question 40 times for people incapable of reading the answers.
How does it affect the job of administration if you keep the support rep busy? I thought this is what support reps are for.

jamies123a 09-04-2010 05:44 AM
Quote:
Originally Posted by MadPig (Post 17465453)
It let me do it about 2 hours ago.

e2a: $300 daily limit sucks though :)
i tired it , it took a couple of times but it says it went threw , how long does it take to go threw ?
I transfered it to my own visa card

nico-t 09-04-2010 05:45 AM
michael, i just saw that a few days before this mess i received a message that i have to verify my account with a government issued ID.
Assuming this drama will be solved in a positive way so that all is good in the near future, i will be uploading the requested docs. Is a dutch drivers license a valid government ID for epassporte?

hardcoreblogger 09-04-2010 05:46 AM
Quote:
Originally Posted by Dreamteam (Post 17467316)
...


I'm more woried about the chance that I can't use epassporte anymore in the future then the stupid $6000 blocked on epass right now.

Jesus fucking christ, at least give them a "FAIR" chance to fix this.

Do you realy think "stirring shit" will speed up the whole process?

Some complot theories here are complicated
then the "Da Vinci Code".

Stupid cunts ....


...
qft +1!!

superdio 09-04-2010 05:48 AM
Micheal you think next week we can regain access to our actual visa cards or we will need another method to get our money from virtual visa account?

Vick! 09-04-2010 05:49 AM
Quote:
Originally Posted by baddog (Post 17466648)
The question has been asked and answered multiple times throughout this thread. One does not need to read 23 pages to see the answer. The only reason this thread is 25 pages long [so far] is because people keep asking tghe same question over and over again. I am pretty sure MO has a cut and paste response by now.

I would.
You are right about it, but how would someone know this is answered without reading at least some of pages?

Anyways, I'd have compiled a short list of FAQs and publish it somewhere to avoid so much of typing :winkwink:

MrDeiz 09-04-2010 05:51 AM
mike i really need your support
it's regarding account termination
hit me up, please
469--367--167

Agent 488 09-04-2010 05:52 AM
i have a feeling it's tied to the shitload of id requests that went out last month.

area51 - BANNED FOR LIFE 09-04-2010 05:59 AM
http://www.gfy.com/showpost.php?p=17467546&postcount=3

Quagmire 09-04-2010 06:19 AM
Quote:
Originally Posted by Vick! (Post 17467535)
You are right about it, but how would someone know this is answered without reading at least some of pages?

Anyways, I'd have compiled a short list of FAQs and publish it somewhere to avoid so much of typing :winkwink:
You've been a member on GFY since Nov 2005. If you haven't figured out how to search threads and posts in the past five years, maybe its time to stop calling yourself a webmaster, put down the keyboard and go grab a McDonalds job application. :2 cents:

goodspirit 09-04-2010 06:21 AM
Quote:
Originally Posted by area51 (Post 17467553)
@boobcruiser - And how did you find that!? Any proof?!

Denny 09-04-2010 06:23 AM
Quote:
Originally Posted by area51 (Post 17467553)
Link, source...?

Jack Sparrow 09-04-2010 06:29 AM
Im not sure how many of you had this experience:

A month ago i needed to get a new pass. It took weeks to get one because "the card embossing machine" had problems. Was it maybe more like: "Visa didnt want to be on the cards anymore" ?

Serious question btw. Happend, for real.

For the rest of it, im with michael o, although its hard to stay relaxed.

I really think they ARE trying to solve things, i just think the real reasons havent been put out in the open, and thats why most webmasters are freaking out.

buyandsell 09-04-2010 06:40 AM
are people realy surprised this happenned?

Dejan 09-04-2010 06:44 AM
Quote:
Originally Posted by buyandsell (Post 17467655)
are people realy surprised this happenned?
YES! something was working for 7 years and now is gone... why we shouldn't be surprised??

Cum&Spam 09-04-2010 06:51 AM
After this, i won't trust in banks anymore. Will keep most of my money under my bed like in the old days. That's the only 100% sure way you have to know it's yours and use it WHEN you want.
Hahaha :1orglaugh

Matyko 09-04-2010 06:51 AM
gone? who said they are gone?

brassmonkey 09-04-2010 06:54 AM
its pizza day!! woo hoo!!

3xmedia 09-04-2010 06:56 AM
hope, this will be resolved soon :warning

gaffg 09-04-2010 06:59 AM
mega thread, good thing I don't use epassporte much

wizzart 09-04-2010 07:00 AM
go go ePass go go :)

lucPL 09-04-2010 07:13 AM
what is interesting.. that one or two day before this situation, epassporte lowered atm withdrawal limits for ALL accounts to 1020$

so already then something was going on. now they are saying that it was sudden and reason isnt known. i dont know.. STRANGE

Michael ? what can you say about lowering limits and its connection to VISA affair ?

Steiger 09-04-2010 07:17 AM
Quote:
Originally Posted by lucPL (Post 17467729)
what is interesting.. that one or two day before this situation, epassporte lowered atm withdrawal limits for ALL accounts to 1020$

so already then something was going on. now they are saying that it was sudden and reason isnt known. i dont know.. STRANGE

Michael ? what can you say about lowering limits and its connection to VISA affair ?
i agree. one day -they lower the limits and the next day it's all fucked.
something is really strange going on here.

gaffg 09-04-2010 07:23 AM
#1319 posts and almost 50k views on this topic. Hope things work out for everyone since not having $ could make a big mess.


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