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Old 07-20-2008, 02:06 PM  
webmasterchecks
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Join Date: Oct 2006
Location: Phoenix
Posts: 1,685
Quote:
Originally Posted by fuzebox View Post
Err you know why Epassporte was really started, right?
mallick was genius

Quote:
Originally Posted by greenlab View Post
Most of you dont know the real deal behind Epassporte...
Did you ever wonder why everytime someone from epass was posting in threads, they claimed that epassporte has hundred of thousends of users....definetlly not all of them are webmasters

The main scope of existence of epassporte is the issuing of debit cards for chargeback ballancing. It worked like this till now...every %x member that signed up trough paycom (or other processors) for a site membership, were given an epassporte Gift card. It works like this...paycom is giving you a membership to site xxxx for free, as long as you are a member of site yyyyy. In order to process your membership for site xxxx, we are giving you an epass Virtual Visa Gift card. The membership costs 29.99$/month, however, paycom will make sure that the 29.99$ will be deposited everymonth onto your visa gift card.
Actually paycom/epass were crediting your epass visa gift card with 29.99$ every month, and then in 30 secs, they were billing the card though one of designated merchant account, with a cost of just the processing fee (discount rate). By billing hubdreds of thouseds of cards like this, there is now wandering why their chargeback ratio si very low, and they still allow cross sales without any problems...(have seen sites with 2 pre checked crossales).

So this is the biggest reason for epassporte to exist, and this is why it was created...the issuing of plastic debit cards and affiliate/webmaster payments are done just to make epassporte look compliant in the eyes of Visa, as this gets lots of $$$$ volume and they can claim that the main purphose of their service is not the issuing of "gift cards" - and that they are actually a 100% legitimate issuer....

now think for a second...do you think that there are more that 10.000 webmasters that get payments by epassporte ? There is a huge distance to the hundreds of thousents cards that epassporte is claiming they have issued...(and they are telling the truth here). The rest are just "Gift Cards".....and they are trying to offset this by the funds that get moved by affiliate programs and the use of debit cards for widthrawal in all countryes arround the world...

However, thay have gone too far and visa is getting quite close on them....

The trick is somewhat similat to what ibill does with gkard, but the Epassporte trick is much more stable and intellingent...
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Last edited by webmasterchecks; 07-20-2008 at 02:07 PM..
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