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Discuss what's fucking going on, and which programs are best and worst. One-time "program" announcements from "established" webmasters are allowed.

 
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Old 09-03-2010, 07:05 PM   #1201
kristin
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Old 09-03-2010, 07:08 PM   #1202
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Quote:
Originally Posted by Ron Bennett View Post
I presume DEA got a mod warning, because he made a claim that seemingly wasn't backed by any solid documentation; said he had insider info, but was never specific.

More to the point, in regards to this thread, his accusations, even if they are true, don't appear to match the events that are transpiring right now.

With all that said, DEA in that thread was spot on about ePassporte being risky - and, imho, his overall message was to warn people - encourage them to research more about ePassporte and how they operate, and to plan accordingly.

ePassporte may resolve this situation, but there are some curious things happening that make some wonder ...

According to some, the ATM limits were dropped about a day in advance of the service suspension (the timing itself makes matters worse being it happened on the heels of an extended weekend in the U.S. due to Labor Day).

In addition, some have posted that funds they already had in their wallet were inexplicably moved to virtual visa without their knowledge nor authorization.

Hoping AVN's recent article is right - if this problem is resolved within a week or two with people being able to access all their funds, ePassporte's reputation will likely recover with many using them again; Micheal O will finally get a good nights sleep again.

Ron
DEA made a statement that with the "large programs" going out of business Epassporte was sure to take a hit and go out as well..

I am not sure what LARGE PROGRAMS he was talking about because my sig has some of the largest and they are all still here...

Tell me how many of these programs died:
http://whopaidme.com/onlysponsor/count/100

Then tell me how much of the market share of signups through affiliates they had collectively.

I am going to figure around 2% and I think I am being way generous.
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Old 09-03-2010, 07:13 PM   #1203
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Since many of you enjoy conspiracy theories I will give you one.

SOBV tipped off VISA that ePassporte might not be following the rules in order to get us all to stop making them the entire first page of GFY...

Then again... Occam's Razor states that entities must not be multiplied beyond necessity... So I think I will just stick with what I have already said in the past and Michael O has already clarified for you.
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Old 09-03-2010, 07:14 PM   #1204
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bump...

There were 5 threads ahead of this. That is not acceptable.
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Old 09-03-2010, 07:16 PM   #1205
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Originally Posted by Vick! View Post
Dude, are you serious? Do you want him or everyone to go post by post through 23+ pages to find answer to the question?

May be epassporte need to have answers on notepad and copy/paste in the thread? Or publish a quick FAQ for reference.

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.
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Old 09-03-2010, 07:16 PM   #1206
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What the hell was VISA thinking? They cut of tens of thousands of people's paychecks because they found someone siphoning off their Craiglist spam profits into a secret credit card account?

It's downright predatory and shows they don't care a rat's ass about people's finances or livelihoods.

It's the 21st Century not the middle ages.

I've said it before and I'll say it again

eCOMMERCE MY ASS
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Old 09-03-2010, 07:18 PM   #1207
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This thread grew fast as hell.. Anyway, I honestly believe that things will get back to normal. If this was some sort of attempt to "steal" all of our $ epass would have made it so we can't even log into our accounts. I know that this seems bad, but don't worry about it too much. Everything will go back to normal and we will have access to all of our $ again.
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Old 09-03-2010, 07:19 PM   #1208
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Originally Posted by cam_girls View Post
What the hell was VISA thinking? They cut of tens of thousands of people's paychecks because they found someone siphoning off their Craiglist spam profits into a secret credit card account?

It's downright predatory and shows they don't care a rat's ass about people's finances or livelihoods.

It's the 21st Century not the middle ages.

I've said it before and I'll say it again

eCOMMERCE MY ASS
Do you actually think that they truly give a shit about the "little people"?
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Old 09-03-2010, 07:20 PM   #1209
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I dissected my card and could find NO money!
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Old 09-03-2010, 07:27 PM   #1210
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PAY PEOPLE $500 TO UPLOAD A VIDEO OF CUTTING UP THEIR VISA CARD
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Old 09-03-2010, 07:29 PM   #1211
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According to some, the ATM limits were dropped about a day in advance of the service suspension (the timing itself makes matters worse being it happened on the heels of an extended weekend in the U.S. due to Labor Day).
This was more than likely due to the new regulations involving prepaid debit cards. I have a feeling that when things are resolved, the use of the card will be less convienient with limitations as to how much money can be on there are any time, tighter withdrawl limits etc.
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Old 09-03-2010, 07:32 PM   #1212
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It's downright predatory and shows they don't care a rat's ass about people's finances or livelihoods.
Big business doesn't give a shit about people. It's only concern is money and it will do whatever it can to destroy people, land, environment, other businesses and more to make their profits for wallstreet and the CEOs.
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Old 09-03-2010, 07:33 PM   #1213
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found this:

By Tom Hymes
Sep 3rd, 2010

.....
?There?s nothing to worry about," he stressed. "It?s an issue with Visa, not with our bank. All of our functions outside of Visa are working perfectly. If people?s funds are in their wallets, they can feel free to contact customer service and do a wire disbursement, but if they can wait, that would be my recommendation. I wouldn?t make any hasty decisions. But we?re not going anywhere; there?s nothing wrong with the business. This was an unforeseen issue, and we?re not exactly sure where it came from on Visa?s side.?

Before hanging up, he once again expressed his hope that calm would prevail over the long holiday weekend, after which the company expects that the situation will be quickly resolved.

?There really is nothing to be panicked about,? he said. ?We just have to be patient and see what the solution is. .....?
Man, I hope this is the case and we are all just overreacting... Losing epass as a way of receiving funds and paying people would be a huge loss.. but this sounds like there could be a glimmer of light.. (or just some smoke being blown, but I hope for the former not the latter).
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So.... lets say they fix the problem. How many of you will still use them and keep money with them?

This is a huge wake up call I believe.
If that's what all of the other webmasters are using, then yes, of course I'd continue to use them (albeit a little more cautious than before). I'm not going to shut the door on a lucrative revenue source.
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You are my hero !! I was tempted to adress several questions and bitchslaps posted on some of the past pages, but you did a great job in doing so. Its relaxing to see a businessman step in and name a few things with its real names. Thumbs up for you.
Thanks man..

Just got an ICQ from one of my clients.. he's got 12k tied up in epassporte... So while I may have lucked out as far as my balance, the issue I and others now have to deal with is how to get paid (and also how to pay others).
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Since many of you enjoy conspiracy theories I will give you one.
Here's another... a religious organization was so offended by "Middle Men" that they used their influence on the "Powers that be" to shut him down.. lol
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Old 09-03-2010, 07:46 PM   #1214
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Just got an ICQ from one of my clients.. he's got 12k tied up in epassporte...
Sure he has, Epassporte isn't a bank, it's not somewhere you store large amounts of money and gain ZERO interest on.. Nobody is that dumb.
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Old 09-03-2010, 07:50 PM   #1215
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Fuck I've got 25MB bandwidth left. Broke and blind.

I am just utterly fucked, off to the Salvos, eating out of bins fucked.

No way to get my pay back on track whatsoever.

Wait I can spend $2 out of my $20 paypal coming in at the net cafe....

Shame walking from the park 10km to the cafe is really fucking painful when you don't have any food
If you need money I will buy camgirls.com from you for $100
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Old 09-03-2010, 07:54 PM   #1216
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Visa wouldn't just suspend Epassporte's banking partners visa program without some kind of prior notice or warning. There's some seriously shady shit going on behind the scenes that Epassporte has not divulged yet.
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Old 09-03-2010, 07:55 PM   #1217
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Old 09-03-2010, 07:55 PM   #1218
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Sure he has, Epassporte isn't a bank, it's not somewhere you store large amounts of money and gain ZERO interest on.. Nobody is that dumb.
Nah.. I am pretty certain he probably had that much in there.. he's been a good customer for years and that $ was most likely intended to pay his expenses.

People keep talking about Zero Interest... like the money would make anything worthwhile in a friggin savings account or money market account... the $ is better off spent being re-invested. How many people have 5-10k in there checking accounts that do not pay interest? It's really no different than that.
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Old 09-03-2010, 07:56 PM   #1219
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http://news.slashdot.org/story/10/09...orn-Webmasters
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Old 09-03-2010, 07:56 PM   #1220
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Thanks Will, will think it over, I'll give you 10% of profits for life for $10K ? You'll be living next door to Frank Schilling in the Cayman Islands if you're smart.

Streamate is holding payments and recommend setting up wire.

Tragedy averted, I just have to sweet talk the apartment manager for a few days grace
and I'm off to the shop to buy a loaf of bread!
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Old 09-03-2010, 07:59 PM   #1221
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Old 09-03-2010, 08:01 PM   #1222
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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.
Wouldn't that be illegal? First of all banks do lend out money, but there should always be enough to cover people who keep their money at the bank if everyone wanted to withdraw their money out of their accounts. In this case epassporte is not a bank, just a processor, so if someone sends you money (via them) they shouldn't be allowed to take your money and spend it, all off the funds should always be there available for you to send to someone else or to withdraw it. It's just a pass through not a bank. The only thing they should be able to get is the fees to do the pass through. The money should always be there.

Seems logical to me too, the money can't be on the card (physically). The card is just the method to TRANSFER the money. The card is visa's network that the money passes through. From you to a visa merchant or you to the atm, then to cash. If the VISA CARD is frozen then wouldn't the money still be in the bank. If the money is in the bank, then why can't it be moved to the wallet ? The card to wallet transfer is just electronic code, moving numbers from one account to another. Doesn't seem like visa can stop them from saying " Account 1 has $5,000 on the Visa card, since we can't use cards anymore we will put that "$5,000" on his wallet so he can still get it back via wire or do wallet to wallet transactions with out people. So the customer can't do atm or use it via visa card but I don't think anyone cares too much about that right now.

Correct me if I am wrong?

Either the bank froze all the money or Epassporte can do what I mentioned above? How could it be any other way??? someone educate me, i m not very knowledgeable with processing.


Ok I read that the money is already on the card... if it is on the card as in prepaid then why would the cards ever be suspended? the card holders did nothing wrong/ Why not just suspend the cards relationship with St Kitts or epassporte. If $1,000 is on the card then the card should able to be used until the $1000 is gone then throw them away.

Doesn't seem like all of the info is here. I guess time will tell.
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Old 09-03-2010, 08:05 PM   #1223
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Its things like this that make me second guess the industry i'm in.

None of my friends with a 9-5 job go through this.

...I guess the upside is i'm never even awake by 9 and i'm always done with the days work before 5.

But hard to think of the 'upsides' while you can't get to your own damn money!
No , they just have to worry about being fired every day.
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Old 09-03-2010, 08:18 PM   #1224
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I know you are older than dirt and believe you know everything but I think I would know what I would do in a certain position far better than you would know what I would do. Until you know me, know my life and know my past and the kind of person I am I suggest you stick to doing what you do best. Which would be nothing more than posing with any chick that will allow themselves to be photographed with you.

I guess right about now you are saying......"you don't know me, I do a lot more than pose for pictures" ......and any minute now the light bulb that is your brain should flicker on and go ... "duh, guess that was her point"
Hey BD, you gonna take this shit from this young whippersnapper?
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Old 09-03-2010, 08:22 PM   #1225
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BUMP


This post will stay at the top
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Old 09-03-2010, 08:30 PM   #1226
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We are working on solutions to this but this were just sprung on us earlier today and we are doing our best to get this solved as quickly as possible.
We will post here and message your message center as soon as we have more information.
The "solution" is to give people their money PERIOD. Is Epass still writing you a paycheck Mike? yes? Well then they have money.
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Old 09-03-2010, 08:37 PM   #1227
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In this case epassporte is not a bank, just a processor, so if someone sends you money (via them) they shouldn't be allowed to take your money and spend it, all off the funds should always be there available for you to send to someone else or to withdraw it. It's just a pass through not a bank. The only thing they should be able to get is the fees to do the pass through. The money should always be there.
Disagree, epass is more like a bank than a processor. The former has a balance and you can deposit, withdraw and transfer (just like epass ), the latter processes transactions and sends you a regular payment.

A couple of years ago there were rumbles about the guy who runs stormpay seemingly living beyond his means. You'd probably be able to skim 10 or 20% off and no one would ever know, UNTIL there was a serious problem like a run on the bank...
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Old 09-03-2010, 08:46 PM   #1228
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just wait coz we can't do a thing about it
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Old 09-03-2010, 08:47 PM   #1229
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Well after 4 hours of reading.. things look a bit more promising for next week.

Until then many (incl me) have to switch sponsors to payment by check to stay in shape for the next payout.

As Will said, (somewhere in these pages) "if you can use checks, keep using them"

Prob good advice. Just have to go back to emailing about lost checks but oh well.

BTW, one of the payments coming thru yesterday 9-2 and kerplump right into Visa Virtual was my $40 from Perfect Gonzo. Their min is $100. But they made good on all requests. So a good word to them here.

Sometimes the right thing is done and I think this will work out well. That is my gut feeling.

Last edited by Vjo; 09-03-2010 at 08:48 PM..
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Old 09-03-2010, 09:00 PM   #1230
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some interesting comments there
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Old 09-03-2010, 09:02 PM   #1231
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some interesting comments there

There really are. I was going to c and p a couple even.
But didnt want to violate any terms here.
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Old 09-03-2010, 09:04 PM   #1232
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Hey BD, you gonna take this shit from this young whippersnapper?
I forgot I was talking to a chick.
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Old 09-03-2010, 09:07 PM   #1233
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Disagree, epass is more like a bank than a processor. The former has a balance and you can deposit, withdraw and transfer (just like epass ), the latter processes transactions and sends you a regular payment.

A couple of years ago there were rumbles about the guy who runs stormpay seemingly living beyond his means. You'd probably be able to skim 10 or 20% off and no one would ever know, UNTIL there was a serious problem like a run on the bank...
You can call them a bank but the really aren't imo. They are a pass through that allows you to not have to take it all 100% out. You can keep some "in" incase you want to send it to someone else without having to fund it yourself each time you go to send. Really wouldn't consider them a bank, but its however each person looks at it.
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Old 09-03-2010, 09:10 PM   #1234
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You can call them a bank but the really aren't imo. They are a pass through that allows you to not have to take it all 100% out. You can keep some "in" incase you want to send it to someone else without having to fund it yourself each time you go to send. Really wouldn't consider them a bank, but its however each person looks at it.
Try telling the people that have hundreds or thousands locked up in epass (and they're not a program paying out affiliates) that epass is a pass through system only

I remember one guy on ADX had tens of thousands in his epass a couple of years ago as a standing balance, didn't seem to be too bothered by the fact that it was an offshore third party... hope he got out
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Old 09-03-2010, 09:12 PM   #1235
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I don?t know if this was mentioned yet but what about all the pending charges people have from purchases that haven?t cleared yet will the merchant not be able to collect the money?
The merchant will be able to process charges if it were authorized already.
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Old 09-03-2010, 09:14 PM   #1236
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Epassporte doesn't make a ton of money on deposits (the percentage they get paid when you leave cash in there). Let's assume they have $10,000,000 at any given time and make 6% on that money. That is only $1,643 in a day.

.
6% .. your assumption is way off, mainly on a no commitment deposit ( not a term deposit ) ... If they get 1% - 1.5% , they are doing pretty good ...
So yes , theydo not much of interest a day .


What surprises me is that alot of people talk about visa shutting off, visa compliance, visa that .. but no one mentions the possibilty that Visa levied hefty fines against Epass or the bank , and that the funds are colateral to these fines.. That would not be a first right ...
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Old 09-03-2010, 09:14 PM   #1237
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What about people that requested wire transfers on the 1rst? I recieved the confirmation email saying everything was okay, will I get the requested funds in my bank account?
If the funds have already been withdrawn from your account then the wire is on the way to you. When the funds are withdrawn from you account we send the wire.
If the funds have not been withdrawn please email me your UserID and I will look into it.
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Old 09-03-2010, 09:15 PM   #1238
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I dissected my card and could find NO money!


Thanks
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Old 09-03-2010, 09:25 PM   #1239
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This thread's too fucking long.. I'm not reading all this shit.
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Old 09-03-2010, 09:26 PM   #1240
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one things for sure...

if epass does fold, you all are going to have to find a new way to evade your taxes.
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Old 09-03-2010, 09:41 PM   #1241
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This thread's too fucking long.. I'm not reading all this shit.
This is the interview today with ePassporte’s business account manager (from post 1081) worth reposting:

By Tom Hymes
Sep 3rd, 2010

SANTA MONICA, Calif.—In response to a call from AVN seeking further clarification on the sudden suspension by Visa of the ability by ePassport’s West Indies-based bank—St. Kitts-Nevis-Anguilla National Bank Ltd.—to process Visa transactions, ePassporte’s business account manager called to comment on the situation.

“The problem,” he said, “is not our bank. Our bank is perfectly fine. Everybody’s money is safe. The issue is literally with Visa. Visa functionality is the only thing that’s down, which means eCards and vCards. We are working to resolve the issue and we will have a resolution by next week, but at this point in time we don’t have any more information and we will contact everyone as soon as we do have any update at all.”

When asked about the increasing concern among some ePassporte clients that their money might remain inaccessible for some time to come, leading them to seek alternative means of delivery, he said, “I think the most important thing right now is for people to be patient until we have a solution. I wouldn’t move any [funds] at this point, because by the time you would receive a wire we’ll either have Visa functionality back up or we will have found another solution.

“The problem,” he added, “is that yesterday we were given about an hour’s notice of the situation, so there really wasn’t enough time for us to prepare any sort of documented statements other than the message that came from our CEO and owner, Christopher Mallick.

“There’s nothing to worry about," he stressed. "It’s an issue with Visa, not with our bank. All of our functions outside of Visa are working perfectly. If people’s funds are in their wallets, they can feel free to contact customer service and do a wire disbursement, but if they can wait, that would be my recommendation. I wouldn’t make any hasty decisions. But we’re not going anywhere; there’s nothing wrong with the business. This was an unforeseen issue, and we’re not exactly sure where it came from on Visa’s side.”

Before hanging up, he once again expressed his hope that calm would prevail over the long holiday weekend, after which the company expects that the situation will be quickly resolved.

“There really is nothing to be panicked about,” he said. “We just have to be patient and see what the solution is. All I can say is that if we had been given more notice, we obviously would have been better prepared and would have contacted all of our clients beforehand.”

In the meantime we have learned that several affiliate programs have sent letters to their affiliates notifying them that they are temporarily suspending the use of ePassporte until the Visa issues are resolved, and recommending that people log in to their accounts and change their payment options to either checks or wire transfers.
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Old 09-03-2010, 09:47 PM   #1242
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this is horrible news.
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Old 09-03-2010, 09:49 PM   #1243
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.... I wouldn’t move any [funds] at this point, because by the time you would receive a wire we’ll either have Visa functionality back up or we will have found another solution.
Well, that makes it sound like it'll only be a few days.. I hope so.
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Old 09-03-2010, 09:50 PM   #1244
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Someone over extended credit
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Old 09-03-2010, 09:56 PM   #1245
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Well, that makes it sound like it'll only be a few days.. I hope so.
Indeed that sounds very positive. Doesnt sound like bs. The guy says (in essence) about 3 times that things will be back one way or another to regular operation within a week or so.

He sounds like a tech and not a bs artist to me.
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Old 09-03-2010, 10:11 PM   #1246
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when is going to end???
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Old 09-03-2010, 10:24 PM   #1247
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Try telling the people that have hundreds or thousands locked up in epass (and they're not a program paying out affiliates) that epass is a pass through system only

I remember one guy on ADX had tens of thousands in his epass a couple of years ago as a standing balance, didn't seem to be too bothered by the fact that it was an offshore third party... hope he got out
Well, it's their bad how they used it It should have never been any thing more than a pass through. I do realize some people loaded it up recently to make payments etc... I guess just bad timing in those cases or people who just received payments but didn't get a chance to move the money.

keeping money in the hands of a third party off shore depending on a bank in the Caribbean + Visa is crazy. The epass service of moving money around was great, just the people who used it like a bank and kept it there were nuts.
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Old 09-03-2010, 10:29 PM   #1248
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If the money is in the bank, then why can't it be moved to the wallet ? The card to wallet transfer is just electronic code, moving numbers from one account to another. Doesn't seem like visa can stop them from saying " Account 1 has $5,000 on the Visa card, since we can't use cards anymore we will put that "$5,000" on his wallet so he can still get it back via wire or do wallet to wallet transactions with out people...

Your logic is good, but banks defy logic - in one of the banks here I have normal (savings I guess) account and a VISA card account. I cannot transfer money from my VISA account to my savings account - I have to go to the ATM and withdraw money with the VISA card or go to the bank and withdraw money from the VISA account and then give them the cash to deposit it to the savings account.

I cannot simply ask them to move say 500 bucks from the VISA account to the savings account .... so all in all Epass and its bank should have a way to move the funds from Visa to wallet, but this would probably take them quite a few days + paper work etc. and that's only if everything is good with the bank and b/n the bank and Epass.

Last edited by Antonio; 09-03-2010 at 10:33 PM..
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Old 09-03-2010, 10:31 PM   #1249
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just got an email saying my hosting payment has failed (its set up to my epassporte visa)

Wonder how many people's hosting payments will fail? A LOT
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Old 09-03-2010, 10:31 PM   #1250
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Michael O, how to transfer money from personal account to business account?
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