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Old 01-27-2007, 12:49 AM  
Webby
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Join Date: Oct 2002
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Posts: 14,956
Quote:
Originally Posted by jayeff View Post
But even without any issues, it would be crazy to regard an offshore company, effectively a reseller for the services of an offshore bank, as remotely like a "real" financial institution.
You hit the nail on the head jayeff

Not suggesting this of Epass in particular, but that scenario offers no security whatsoever and can be terminated any time. At least with any bank, offshore or otherwise, there are regulatory controls (and normal banking costs which don't involve excessive charges for fund movements).
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