Statement from ePassporte. Please Read
Collapse
X
-
-
Which part about epassporte not giving a shit about our questions did you miss. (lol)I appreciate the difficult position Michael O and the folks at ePassporte are in. I would hope that following statements from them quickly resolve the following:
1. In the communication above you state that ePassporte did not "see this coming". Were negotiations to resolve the issue that resulted in the program closure being conducted with St. Kitts bank? Did these negotiations unexpectedly break down suddenly causing the "unanticipated closure" or was this a completely unanticipated closure of the product?
2. Have you been able to verify that a gross amount that meets a "reasonability check" against what ePassporte shows as outstanding VV accounts total balances is either on deposit or frozen at St. Kitts? Are you currently working jointly with St. Kitts to verify VV account balances or has this process not been started yet?
3. Has St. Kitts' Ministry of Finance and more specifically the Financial Regulatory Department been informed of St. Kitts actions against their Visa cardholders? If so, is the Ministry's office directly involved in helping to negotiate a release of these funds?
4. Is there currently any investigation by either St. Kitts Ministry of Finance, the U.S. FTC or any other regulatory agency concerning the disposition of the Virtual Visa balances or the policies/procedures or operations of the ePassporte program?
5000 posts, 125,000 views and not one answer.
You're asking in the wrong place, nobody from epass is reading this nor cares to answer you.LinkSpun - Premier Adult Link Trading Community - ICQ - 464/\281/\250
Be Seen By New Webmasters/Affiliates * Target out webmasters/affiliates based on niches your sites are for less than $20 a month.
AmeriNOC - Proudly hosted @ AmeriNOC!Comment
-
And all that credibility does not help anyone pay their bills....what a flipping jokeFor those of you that have been in the industry for many years, I hope you will recall that I have a very strong track record of fighting for the rights of webmasters, program sponsors, billing companies, merchants and the industry; that dedication continues.
---------------------
LOL, well that will buy you some time
Smoke Cloud Alert
Amateur ContentICQ: 292 356 077Comment
-
LOL...point taken. Alright, just call it "thinking out loud" then.
Cheers
www.2MPAY.com
www.MobiusPay.com
ICQ: 601750183
Skype: MobiusPay
Twitter: MobiusPay
Payment Industry Subject Matter ExpertComment
-
LinkSpun - Premier Adult Link Trading Community - ICQ - 464/\281/\250
Be Seen By New Webmasters/Affiliates * Target out webmasters/affiliates based on niches your sites are for less than $20 a month.
AmeriNOC - Proudly hosted @ AmeriNOC!Comment
-
Maybe this will help
Hey folks, been reading along for a while and I thought I could shed some light on what I am sure is helping hold up this issue and that Michael mentions in his statement, but not too clearly.
when you make a purchase visa checks your balance and then approves the purchase or denies it, but even in this digital world, people can still do things manually and submit through mail. Visa has to wait a given amount of time for all those potential transactions to come in before they will release the funds back to your wallets.
Also people make reservations on hotels/trips that are often preapproved on your visa card, I think it can take up to 30 days for those to clear. you may have noticed on your statement that purchases are pending in the past, thats because they are waiting to get the proof from the retailer that the purchase was actually made before actually removing the funds.
Ive worked with Moneris in designing 3rd party billing and I know those are some of the issues we are dealing with now. Visa protects the retailers as well so they dont want to release their end of the funds until they are sure they have all the purchases cleared.Comment
-
A company I worked for used to pay their bills after 90 days yet they demanded payment of theirs within 30. The money was placed and interest was made. When millions are being played with there is a nice profit to be made just by doing this.I doubt epassporte makes its money on the little fees and whatnot. 50 cents per transfer? A few bucks for card renewals? How many transactions can possible go through their system a day?
My opinion is Epass likely keeps a certain % reserve to pay out ATMs, and invests the rest like any other bank or pseudo bank. Invests into currencies, companies (like oxymoron productions for instance?). The reserves probably fell below this certain %, and the bank requested from Visa that it shut down it's visa cards.VPS 1 - 1.5 GB RAM, 10 GB SSD - 11.88 euro/year
VPS 2 - 4 GB RAM, 40 GB SSD - 60 euro/year
Alexhost.com - your access to the best hosting services VPS.Comment
-
Hm, good to hear something from Chris Mallick about the problem, although the message itself is incredibly vagueTubeUploads.com – The #1 Upload Service for ProfessionalsComment
-
Your post above is the best plausible explanation I've read so far regarding ACH going out, but not most, if any, wires.
Furthermore, much of the virtual visa and wallet funds appear to be commingled together - so why the delay in releasing virtual visa money? ... unless, perhaps, the account(s) it's in is frozen and/or contains insufficient funds to cover all user balances.
RonDomagon - Website Management and Domain Name SalesComment
-
actually you made a good point, except for the fact that "pending" transactions are usually reserved and you are not able to touch that money until it's cleared. So there shouldn't be any problem to actually manage the other available money on the account.Hey folks, been reading along for a while and I thought I could shed some light on what I am sure is helping hold up this issue and that Michael mentions in his statement, but not too clearly.
when you make a purchase visa checks your balance and then approves the purchase or denies it, but even in this digital world, people can still do things manually and submit through mail. Visa has to wait a given amount of time for all those potential transactions to come in before they will release the funds back to your wallets.
Also people make reservations on hotels/trips that are often preapproved on your visa card, I think it can take up to 30 days for those to clear. you may have noticed on your statement that purchases are pending in the past, thats because they are waiting to get the proof from the retailer that the purchase was actually made before actually removing the funds.
Ive worked with Moneris in designing 3rd party billing and I know those are some of the issues we are dealing with now. Visa protects the retailers as well so they dont want to release their end of the funds until they are sure they have all the purchases cleared.
Sig for sale. Affordable prices. Contact me and get a great deal ;)
My contact:
ICQ: 944-320-46
e-mail: manca {AT} HotFreeSex4All.comComment
-
-
-
Comment
-
You are right, but imagine that you are one of the employees, you have access to the accounts and you see that the money are gone and you can't contact the boss. Would you really bother to write made up "official statements" on forums in such a situation? You would more bother about how to avoid criminal responsibility. Writing statements on forums is assuming it, not avoiding. So someone should be in charge there anyway, even if it's not Chris personally.I'm not trying to be rude but I'm not sure you thought that statement out. I highly doubt Chris, who lives in California walks into an office daily and sees everyone. There is more than one office and I bet that 90+% of the people that work for him have no clue where he is at any given moment and the vast majority have probably never laid eyes on him. The support staff all seem to be from India, excluding MichaelO (who I don't believe lives in California either).
By the way - I would never give an access to multi-million bank accounts to the people from "Craplakistan" I can only contact via e-mail. And I doubt that anyone would. So the people who deal with money and not just answering stupid questions should be in more or less close contact with the owner.
Ahh, the hell with these theories... I know no better than any of you what's really going on there. It's a major fuckup for sure.Comment
-
Comment
-
Comment
-
LinkSpun - Premier Adult Link Trading Community - ICQ - 464/\281/\250
Be Seen By New Webmasters/Affiliates * Target out webmasters/affiliates based on niches your sites are for less than $20 a month.
AmeriNOC - Proudly hosted @ AmeriNOC!Comment
-
.................................................. .................................................. .................................................. .................................................. .................................................. .................................................. .................................................. .................................................. .................................................. .................................................. .................................................. .................................................. .................................................
The above statement contains a lot more information then the epass statement, feel free to repost and use in online or print news articles with or without citation.
;)
ICQ 293125596Comment
-
Is it true that no news is good news?I am NOT Godaddy! Most excellent Domains & Cheap Hosting
“Buy an iPad, kill a Chinaman” - Brendan O’NeillComment
-
iBill employees hung around. All I know is that there is no way Chris wrote that statement, and the person that did does not speak English well. I can't see a lawyer writing that statement either so the question is who exactly is posing as Chris, where is Chris and why in the world would he authorize a statement like that? Something tells me he never read it. So does he even know about it? Lots of questions, no answers.You are right, but imagine that you are one of the employees, you have access to the accounts and you see that the money are gone and you can't contact the boss. Would you really bother to write made up "official statements" on forums in such a situation? You would more bother about how to avoid criminal responsibility. Writing statements on forums is assuming it, not avoiding. So someone should be in charge there anyway, even if it's not Chris personally.
By the way - I would never give an access to multi-million bank accounts to the people from "Craplakistan" I can only contact via e-mail. And I doubt that anyone would. So the people who deal with money and not just answering stupid questions should be in more or less close contact with the owner.
Ahh, the hell with these theories... I know no better than any of you what's really going on there. It's a major fuckup for sure.Comment
-
im thinking if they release the funds in visa their biz is toast
TRUMP 2026 KEKAW!!! - The Laken Riley Act Is Law!
DACA ENDED - SUPPORT AZ HCR 2060 52R - email: brassballz-at-techie.comComment
-
Tomorrow is Friday , 1 week from the issue , and with that statement with still in the air , that statement said nothing ,, on friday epassporte freeze a lot of accounts without reason, thats a real issue why to blocked wallets accounts also? is not only the Visa Virtual accounts. their blocked for a lots users p2p transfer etc can't access some buttons telling the same history:
"
For security purposes your Account has been placed in a temporary fund protection mode.
For more information and further instructions please contact our Account Holder Services Department at your earliest convenience.
We apologize in advance for any inconvenience this may cause."
Why on friday and not 4 years ago?Comment
-
Comment
-
Comment
-
I just have to say that new Official statement from ePassporte, after almost a week, said SHIT about current situation. It didn't make people feel safe that their funds are secured - quite opposite it made people even more angry since they now this is BS and that epass is hiding something from them (no matter how good or bad that is). So I feel exactly the same way... pissed off!Make a bank with Chaturbate - the best selling webcam program
Ads that can't be block with AdBlockers !!! /// Best paying popup program (Bitcoin payouts) !!!
PHP, MySql, Smarty, CodeIgniter, Laravel, WordPress, NATS... fixing stuff, server migrations & optimizations... My ICQ: 27429884 | Email:
Comment
-
Comment
-
Comment
-
I'm sorry but that load of crap sounds so very similar to the bullshit statement iBill issued a few years back. This shit is really starting to piss me the fuck off. Please explain why the fuck our funds are "in motion" Chris.We at ePassporte are as distressed as you, our valued cardholders, over an action that we did not see coming and as of today we still have received no good basis for it.
First, be assured that your funds are fully safe and protected. You are owed that and it will be fulfilled. The funds are secure.
Second, ePassporte is working with the St. Kitts bank to work out how all payments will be made and when. The details are complicated, because there are funds in motion and where and when they settle requires us to all be careful that we fully and properly account for all those funds and their rightful owner. This issue stems from our processing and reporting ability through the Visa system and their processor.
Third, ePassporte's most important asset has always been our account holder's. We are not going to undermine that asset by treating cardholders in any manner other than the best we can.
Most of us have had the unfortunate experience of dealing with banks and card associations that simply ?cut us off? and did not pay us. Those actions were limited to card acquiring (merchant accounts), not card issuing, which is what we do. We can all take some comfort in the fact that this situation is not anything like the acquiring side of the business.
We all fully understand that communication to our cardholders is critical. However, it does not help any of us if we are constantly updating you on the basis of the calls that take place almost hourly. It seems to us that giving you facts, based on agreements we are working on is the best form of communication. This is what we will be doing. When we know something, that is a fact, we will report it, quickly. Our staff is all working diligently to resolve these issues and the many moving and complicated parts of getting the funds returned. Therefore, please do not mistake our silence as ?hiding?, ?avoiding? or ?stringing you along?. We too have funds that are stuck in the system, as well as massive costs of operation without any income.
Rest assured that when we know, you will know and you will all be satisfied with the results. Again, your money is safe.
For those of you that have been in the industry for many years, I hope you will recall that I have a very strong track record of fighting for the rights of webmasters, program sponsors, billing companies, merchants and the industry; that dedication continues.
Thanks you for your understanding in this difficult time and for your support over the last 8 years of our operations.
Chris Mallick
For ePassporte
By the way, my anger is not directed at Michael, who I know is just doing the shitty dirty work that Chris is too much of a pussy to do.Comment
-
-------------------------------------------------------------
+1Comment
-
DITTO... on the entire post there...I'm sorry but that load of crap sounds so very similar to the bullshit statement iBill issued a few years back. This shit is really starting to piss me the fuck off. Please explain why the fuck our funds are "in motion" Chris.
By the way, my anger is not directed at Michael, who I know is just doing the shitty dirty work that Chris is too much of a pussy to do.
and again, i am not so worried about the $273 in my account, I am very concerned about the loss of epass as a way for people to pay me.. while I did not lose out on the initial deal, at least 60% of my sales go through epassporte.. of which this week obviously most who did not have an alternate payment method or those with all of their money tied up could not pay.. so now, as snowball effect, this is affecting me seriously..400 HARDL1NKS only $117! - (100 for $45)
BL0G P0STS $1.85+ | 55,000 Word Comprehensive Synonym Database 2 REVIEW COPIES AVAIL AT 50% OFF! | 16 yr old Aged Domains 4Sale
ICQ: 265-593-735 ~ Skype: Naughty-Pages ~ email: ez_money4u(at)comcast(dot)netComment
-
I still don't quite understand why people believe VISA is holding the funds. VISA can't hold the funds. They're a gateway, not a bank. They don't have any funds in their possession to hold. I guess they could go the legal route, and get a court order to freeze funds in a certain bank account, but that's unlikely.xMarkPro -- Ultimate Blog Network Management
Streamline your marketing operations. Centralize management of domains, pages, Wordpress blogs, sponsors, link codes, media items, sales and traffic statistics, plus more!Comment
-
All I have to say is that by not responding to anything, you're losing my business. I'm taking my fucking money and running with it. I'll deal with another processor, fuck this stupid ass drama. Why stick with a place that cannot keep their shit straight?
three 997 three 55 three 1 ← That's my ICQ. Contact me there. Thanks. 
Comment
-
what bothers me the most is that my wire transfer has been approved on Sept 3rd and no signs of any wire sent so far (they told me the process takes 7-10 business days). there has been just 5 business days so far, but if nothing happens till next friday, i'm sure we need to check out any other options.
did anyone get their wire transfer so far (debit/credit card withdrawal and ach aside)?---
Busy ranking websites on Google...
Comment
-
-
Is it your business?? do you own shares in it??2. Have you been able to verify that a gross amount that meets a "reasonability check" against what ePassporte shows as outstanding VV accounts total balances is either on deposit or frozen at St. Kitts? Are you currently working jointly with St. Kitts to verify VV account balances or has this process not been started yet?
If that is the attitiude then you will never see your money.. The last thing they want is a herd of sheep running to cashpoints to remove everything they have in their accounts.. The interest they earn on the overall balance probably pays allot of peoples wages.All I have to say is that by not responding to anything, you're losing my business. I'm taking my fucking money and running with it. I'll deal with another processor, fuck this stupid ass drama. Why stick with a place that cannot keep their shit straight?Last edited by sgreen; 09-09-2010, 07:10 PM.Comment
-
New member here, I am involved in webhosting thus a lot of clients pay me via epass. Seeing as I am not in the USA, this is very effective.
Something I noticed, is that on September 9th they changed hosting providers for epassporte.com. I wonder why that would be? Moving their website mid crisis... If it wasn't urgent, I dare say it would have been pushed back until things are resolved etc.
uptime.netcraft .com/up/graph?site=www .epassporte .com (remove spaces)Last edited by lol_cat; 09-09-2010, 07:25 PM.Comment
-
disappointing news.Nothing worse than an answer that doesnt give you definite answer. I dont even need a good one - "sorry you money is lost" would be better so we can get a proper closure and move on.
btw, this statement has just appeared in our epassporte admin as a new message.
oh and yes, jsut logged in and I am also hit with this "Account Alert!" message although I didn't even request anything yet...Last edited by adult-help; 09-09-2010, 07:26 PM.Comment





Comment