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Old 10-26-2010, 02:47 PM  
JasonEMC
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Join Date: Sep 2010
Posts: 76
Quote:
Originally Posted by Phoenix View Post
some sponsors are forcing people to sign up here


im not complaining about a payment option...however im really shocked that my information has already been given out to some 3rd party company
The sponsor company has signed up for an account and has uploaded basic information to their EMC2 business account (usually just email and name). This allows an invitation to be sent out to you to complete the signup process. As mentioned in another thread, ?We have had some programs sign up who have opted to utilize EMC2Payouts exclusively for international payouts. That is their business decision. People can transfer funds anywhere they want from the EMC2 e-wallet account. We are confident we have the most flexible, secure, and cost effective product available in the market today. We believe you will be very pleased with the flexibility, payment options, and tools you?ll have to manage your funds.?

Quote:
Originally Posted by Phoenix View Post
when asked about the 8k limit...all i get back is...8k load limit...so if someone owes you more then 8k they cant send it to you?
Yes. You can receive any amount of money into your eWallet account. Transfers of $10k or more per occurrence out of the eWallet will require a little more KYC documentation.

Quote:
Originally Posted by Phoenix View Post
also...what about the card limits themselves? i couldnt get a clear answer there....instead, i need to find out the limitiations...if any?
The limit for credit cards (not any of the prepaid cards, but a normal credit card) is 5k per transaction, however you are allowed to do as many transactions as you want.

The load limit for the prepaid cards is $5k for US cards and $3500 for International cards. These limits can be raised quickly and easily up to the $25K range with slightly more KYC info.

Quote:
Originally Posted by Phoenix View Post
anyone have a clear break down of these people?
who owns it, their background in the business
etc
EMC2 Billing's principals have provided merchant and other payment services to the adult industry for over a decade. EMC2 Billing has an exclusive services contract with IPS. Your agreement is with IPS and they have been in business for 5 years, are a registered third party processor, and have several hundred thousand account holders on their system. The technology is fully redundant and adheres to the highest levels of banking and government compliance.
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