Why is Paycom booting Epassporte not bigger news?

Ok so the only way they really make money is the $2 atm fee ?

hehehe.......

Because I'm in the office on the community computer not on my personal one and who cares what I post under you know its me.. I dont hide behind a computer..

yes you always have some smart as remark.. do you really want me to pull all the threads where you say some bullshit thing like you think you know it all blah blah.. get a life

~R

you are jealous if your were not, you wouldnt have to post smart as remarks

Presumably the 5% fee covers the processing and fraud risk for CC's, wires are secured funds once they're in the destination account.

It's not really an ATM fee, when I pay affialiates I pay $2 per affiiate I pay. Or when I pay content like, It's Your Porn via EPassporte, it's $2 to send money.

So they make money on business accounts two ways ... $2 transaction fee plus all the interest it's earning sitting in CURACAO!!!

Okay, was just asking why...And yeah I maybe made 2 posts based on 'your' reply. Why do you care?

And okay,I am jealous on you.

Is'nt that great Matt, a business thread...on GFY no less!!
The place never ceases to amaze me

hello roger..forgot to log out of your nick

And now back to topic...

His reply from above
"Because I'm in the office on the community computer not on my personal one and who cares what I post under you know its me.. I dont hide behind a computer.."

ok I got the real scope! Paycom found out that epassporte were doing affiliate payouts for a gay teen boys site that used some content of one of their call centre twinks taken without permission while he was drunk at at a show

A little clarification for those that may be slightly confused by some of the posts here.

I'd like to be perfectly clear on a few points. The first is that our recent notice to Epoch clients regarding the cessation of payments via ePassporte does not affect any sponsors' ability to pay their affiliates via ePassporte. The only real change is that a client's proceeds (or portion thereof) will no longer be loaded onto an ePassporte business account. Epoch's decision should have no affect on ePassporte disbursements to affiliates.

Secondly, Epoch and ePassporte are now and have always been two completely separate entities. Neither is dependant on the other for their survival or success and the separation of the two companies does not spell disaster for either one. In fact, the separation should not even be a blip on anyone's radar screen. Epoch does not need or use external transactions or gift-with-purchase sales to maintain chargeback ratios. Epoch's overall ratios for card association compliance are well within the required thresholds and those numbers are not tied to or reliant upon ePassporte or any other entity. More importantly, program operators in cooperation with Epoch have worked together to maintain ratios and still have the highest conversion rates in the industry. In fact, this the the primary job of any IPSP and the very formula for Epoch's success.

Third, Epoch has seen some big changes in the last year. We are all working toward a common goal of being the best we can be. Two companies that worked so closely together have parted ways and are no longer contracted to work together. Epoch's full attention is focused on its core competencies, as well as improving aspects of our services such as reporting and stats. Re-assignment of account representatives is taking place now to ensure that every single Epoch client has a "go to" person on their side watching out for their business and facilitating operations and production on their behalf. If you need to contact someone at Epoch or Paycom EU, there is someone to address your questions or concerns every single minute of every single day. Tech Support and Billing Support are staffed 24/7/365.

Write to [email protected]
Corporate Office: +1.310.827.5880 or +1.888.627.3888.

And lastly, I am pleased to announce that the Paycom sales team has been restructured and added many new members to further benefit our clients.

Mike Costanza, VP of Business Development, with over 10 years experience in Sales/Marketing will now run the department. Amanda Gross, former head of the sales department, is still a key member of the sales team in the capacity of a Senior Account Executive. New members Frank Gannon, Nora M'hamedi, and Angie Calderon join Amanda and veteran Account Executive Anthony Wheatle. Frank, a longstanding Paycom employee, brings years of experience and client relationships to the team. Nora comes from the merchant banking industry and is fluent in 5 languages while Angie is fluent in Spanish. Each member brings a personal touch to the team.

Every account has been assigned to a personal sales representative and will be contacted shortly. In addition to a "primary" sales representative, each account will have a "backup" sales representative. In summary, new members are:

Mike Costanza [email protected] ICQ: 236860417
Frank Gannon [email protected] ICQ: 283793400
Nora M'hamedi [email protected] ICQ: 348805214
Angie Calderon [email protected] ICQ: 312076286

Sales representatives are contacting clients now. If you have questions concerning your representative prior to being contacted, please email Mike at the address above.

Look for other improvements in the sales/marketing area in '06.

We appreciate your business.

HI Rand. Thanks for the update and the post. I'm quite sure I'm not the only one that was pleased to see and read this. Thanks

I think it is great to see Rand (Paycom) take the time to post here... really cool.

A welcomed post Rand.

This leaves up Chris to comment,
I really like epass (much less hassle than going to the bank, waiting 3-4 days for a wire to arrive, then 5 days to be able to pick up your money or else get charged 1% fee)

i love my epassporte

I love Epassporte and I LOVE RAND!!!!

Now THAT is a policy I can get behind.

I want to put my money in "RAND'S BANK OF THE WORLD"

as i understand it, these epoch/paycom and epassport companies have something to do with credit card processing and banking?

Rand and Epoch have always looked out for their clients, I am sure
there is something signifigant behind this.

First I must say this is one of the best threads I have read on gfy on a very long time. Greenlabs posts are very interesting.

As I see the layout of the scheme there is no need to involve you at all, since it can be handled between the company that has CB issues and epassporte. So you will not have any CB issues, since your customers that are aware their biz model gives a high CB ratio will dilute their transactions with GCs enough to stay below 1%.

The "separation" looks like a real smart move since it gives epassorte a way to easier co-operate with other processors and it separate you futher from the potential visa crackdown on GCs.

What would be interesting to know is if there is an agreement to process the GCs at lower rate and what the costs are per transaction all fees included.

If this really is how it works I can even see how the affiliate payouts play a large role. So I doubt there will be any problems on that side.

I'm kinda suprised not more ppl know about these 'gift' cards. Many companies use(d) that...Also companies who had their own merchant account. They send out cards, have these cards join, and keep CB's low. Nothing new.

anybody knows answer?

anybody knows answer? or any ICQ no. on epassporte support now?

You can contact me using the info in my sig.

ha ha ha - sorry, but this is priceless.......

I vote this thread the best business thread of 2006 so far.

The Year is young

Nope, with Business accounts, you fund by wire ( that's been established already ;) ) your bank then charges you a fee ( in our case $25.00 ) then Epassporte charges you a $30 fee, so it cost me $55 each time I wire money to EPassporte to load up my account, wether I load $1 or $10,000, the fee is the same..

I wrote you an ICQ message...

Great reply from Rand in this thread... I don't think anybody could have asked for more.

Thanks Dre, Shap, Hal, J.R., Cpatain Howday, MattyBoy, Validus, and others.

Everything is going to be fine. I hope the post helped stop the rumor mills for the sake of everyone.

Thanks, as always, for your support and your business.