Quote:
Originally Posted by tony299
But would this be a reserve situation when its basically a debt card?
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From what I read the "money" is at the bank in St. Kitts. Did someone shut down that St. Kitts Bank? Then St. Kitts would need to get access to the money to be able to give it back to epassporte, which then would have to give it back to the end account holders. That is a lot of links in the chain. If all of that happens it would be months from now and if epassporte ends up going out of business why would they give the money back. No other 3rd party processor ever has. Really not much different then a company going out of business and keeping the last couple checks they owe affiliates, once you are out of business what incentive you have to repay people. Greed is a mother fucker. All of this is assuming that epassporte gets their hands back on the money. I would be a little worried if a Bank in a 3rd world country had my cash.