Quote:
Originally Posted by TwinCities
Can someone educate me on the problems with using a real bank in another country? Is the banking system in your country not trustworthy? Are the fee's too high? Isn't banking fees just a cost of doing business just like hosting or traffic buying? I image there is not really a way to write checks off a foreign bank account so is the only way to access funds in a real bank to go there and make a withdrawal? What did you did before ePassporte came along? What made you trust ePassporte above a real bank account? I have never used ePassporte but have used Paypal. I use paypal as a passthrough to my real bank account.
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1. Real banks outside US/Europe have usually high fees.
2. Wire transfers cost 35-50 each.
3. The wire hits the account, but it's not credited TILL you go to the bank, explain where the funds come from, and sign papers FOR EVERY TRANSFER. (That's why I have a second account in Europe.)
4. Checks sent by regular mail also get lost/stolen. Years back I got a check stolen and someone went to the same bank I always went, with a fake ID trying to cash the check. The guy at the bank called me right away and the thief ran away from the bank.
5. If you want a FedEx check, some sponsors have a minimum of $2000.
So, epassporte was instant payments, and some sponsors had a minimum of 50-100.
Now, even epassporte wallet IS WORKING, lots of sponsors decided not to put any money at risk. And that's understandable.
We need a solution right away for international webmasters.
