Quote:
Originally Posted by beta-tester
yeah, but the cards are "OURS" (on our name), and money is preloaded on them. Meaning that Mr. Mallick or anyone else either from ePassporte or from the bank, cannot access our funds. That's the point in VISA Prepaid cards... we simply have the money "on the cards", and once the cards are blocked, the money is blocked too....
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(edited - deleted out some, since it's redundant based on the recent replies just before mine). VISA itself likely doesn't have much, if any, of the funds in question. Note the name of the issuer shown on the card - it's
not VISA, but rather some bank, such as, St. Kitts-Nevis-Anguilla National Bank Ltd.
Tjeezers is spot on ... ePassporte has the bank accounts
not individual users.
ePassporte user accounts are
not individual bank accounts, but rather much akin to PayPal user accounts. If ePassporte is liquidated, cuts and runs, or whatever ... say bye, bye to the money. Simple as that.
As of now, many are hoping that ePassporte is quickly working on straightening out the accounting / procedural issues, and gets the virtual visa funds over to user's ePass wallets so they can pay others, withdraw, etc.
Ron