Quote:
Originally posted by Cash
I would be interested to know the answers to all the a/m 8 questions regarding Epassporte, please.
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Ok, here goes.
1. Who controls the funds? ePassporte, under the direct supervision of Visa International's issuing department.
2. How are these funds guaranteed? They are held in what amounts to escrow in the Interchange system itself, not sucked up into some bank that may or may not have a clue as to how to handle these types of high risk transactions.
3. If a problem arises how will I get service? you can email me, you can email anyone else at ePassporte, or you can call us. Of course you can also post on any of the various messageboards and someone will answer as well.
4. What regulations does the bank that is handling the transactions fall under? Our banks are in full compliance with Visa regulations and in a stable banking area.
5. Is this bank in a stable area, if not located in the US and FDIC guaranteed? answered in 4
6. What sort of fraud control methods does this service employ? We utilize the same type of fraud control for low risk transactions that we do for high risk, something that we've been doing for nearly 7 years now.
7. How long has the company, or its principals if the company is new, been in business and what kind of history do they have? see 6.
8. What is this bank or company's relationship with the card brander -- in this case Visa I guess -- the ePassporte model is one that was developed in conjunction with Visa International in order to be compliant with their rules and regulations. We also have an excellent rapport with both issuing and acquiring since we have years of experience with these folks.