Verotel wanting $673.60 Cdn for Visa/MC reg - AND PASSPORT COPY?!! What the fuck?

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  • SilentKnight
    Megan Fox's fluffer
    • Oct 2005
    • 24818

    #1

    Verotel wanting $673.60 Cdn for Visa/MC reg - AND PASSPORT COPY?!! What the fuck?

    Just received this from Verotel:

    Hi (omitted),

    My name is Thomas and I am your account manager for Verotel. I wanted to let you know that there will be some new compliance procedures for 2013 with Verotel. For your account to be registered with Visa and Mastercard on June 1st 2013 , there will be a 500 EURO registration and compliance monitoring fee, we must pay to register each company with the credit card companies, however we handle the registration process for you.

    This is for accounts with a lower sales volume that 100 EUR/week, should you have more websites to add or if you wish to add us to a primary biller , this is one way to increase the volumes and waive the fee , as well as we can discuss lower rates if the volume is large enough that is additionally brought in.

    This is a standard annual fee, that is waived at the year anniversary if you process over 100 EURO/week for the year with Verotel. This can be either wired to us directly or by credit card through your Verotel Control Center. This will take effect on June 1st , however before this time we need to have a an official copy of a notarized passport mailed to our address as well as some information forms filled out about your personal information. If you wish to move forward with the Process, feel free to let me know and then we can move on to the next step of the process which involves registering your account as en entity at our Holland office. If you do not wish to either bring in more sales volume or to pay the registration fee please let me know within the next week.

    Regards,

    Thomas
    Verotel Merchant Support
    Now they want notorizied copies of my passport?! What for? So you can provide my info to identity thieves?

    All I can say is - WHAT THE FUCK?!!

    Verotel - you can kiss my ass.

    After SIX years of doing business with you - we're finished.

    Go fuck yourselves.
  • SomeCreep
    :glugglug
    • Mar 2003
    • 26118

    #2
    If you aint got nothing to hide, just give it to them. Don't be so paranoid.

    Webair Hosting

    I use and recommend Webair for hosting.

    Comment

    • SilentKnight
      Megan Fox's fluffer
      • Oct 2005
      • 24818

      #3
      Originally posted by SomeCreep
      If you aint got nothing to hide, just give it to them. Don't be so paranoid.
      Not going to happen.

      Comment

      • Sly
        Let's do some business!
        • Sep 2004
        • 31376

        #4
        Are you going to shut down your sites?

        Epoch/CCBill require similar money/documents. Merchant accounts require bank statements.
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        • SilentKnight
          Megan Fox's fluffer
          • Oct 2005
          • 24818

          #5
          Originally posted by Sly
          Are you going to shut down your sites?

          Epoch/CCBill require similar money/documents. Merchant accounts require bank statements.
          Not sure at this point. We're lookin' at our options. We've known about the Visa/MC deadline and charges for quite some time obviously - but it's the request for a copy of our passport that really has me mystified...and pissed.

          Our sites have been in recycle/archive mode for the last while - basically winding them down and not actively promoting them.

          We'll see what happens I guess...

          Comment

          • Vendzilla
            Biker Gnome
            • Mar 2004
            • 23200

            #6
            It's all part of the KYC (Know Your Customer) and AML (Anti-Money Laundering) requirements that everyone is having to adhere to
            Carbon is not the problem, it makes up 0.041% of our atmosphere , 95% of that is from Volcanos and decomposing plants and stuff. So people in the US are responsible for 13% of the carbon in the atmosphere which 95% is not from Humans, like cars and trucks and stuff and they want to spend trillions to fix it while Solar Panel plants are powered by coal plants
            think about that

            Comment

            • sandman!
              Icq: 14420613
              • Mar 2001
              • 15431

              #7
              good luck not paying a fee for processing.
              Need WebHosting ? Email me for some great deals [email protected]

              Comment

              • SilentKnight
                Megan Fox's fluffer
                • Oct 2005
                • 24818

                #8
                Originally posted by Vendzilla
                It's all part of the KY


                Comment

                • Vendzilla
                  Biker Gnome
                  • Mar 2004
                  • 23200

                  #9
                  Originally posted by SilentKnight


                  LOL, I here you.
                  Carbon is not the problem, it makes up 0.041% of our atmosphere , 95% of that is from Volcanos and decomposing plants and stuff. So people in the US are responsible for 13% of the carbon in the atmosphere which 95% is not from Humans, like cars and trucks and stuff and they want to spend trillions to fix it while Solar Panel plants are powered by coal plants
                  think about that

                  Comment

                  • beemk
                    CLICK HERE
                    • Jan 2002
                    • 20829

                    #10
                    You can always go back to becoming a useless meter maid. Not sure why anyone would expect a company to require you to jump through all kinds of hoops to accept credit cards.
                    I host with Vacares

                    Comment

                    • SilentKnight
                      Megan Fox's fluffer
                      • Oct 2005
                      • 24818

                      #11
                      Originally posted by beemk
                      You can always go back to becoming a useless meter maid. Not sure why anyone would expect a company to require you to jump through all kinds of hoops to accept credit cards.
                      Talk to me nicely - I'll let you go back to sucking my dick.

                      Comment

                      • Fat Panda
                        Porn is Dead. Move along.
                        • Aug 2006
                        • 13296

                        #12
                        I say FUCK EM ALL and start accepting BITCOINS

                        Comment

                        • BFT3K
                          Too lazy to set a custom title
                          • Dec 2005
                          • 10764

                          #13
                          If processors insist on intrusive IDs, then perhaps alternative currencies really will be the answer soon.

                          Social security numbers, copies of driver's licenses, passports - fuck that shit. Nobody needs that much information, especially faceless people across the ocean.
                          Last edited by BFT3K; 04-16-2013, 06:26 PM.

                          Comment

                          • SilentKnight
                            Megan Fox's fluffer
                            • Oct 2005
                            • 24818

                            #14
                            Originally posted by BFT3K
                            If processors insist on intrusive IDs, then perhaps alternative currencies really will be the answer soon.

                            Social security numbers, copies of driver's licenses, passports - fuck that shit. Nobody needs that much information, especially faceless people across the ocean.
                            Exactly my thoughts!

                            Thank you.

                            Comment

                            • BFT3K
                              Too lazy to set a custom title
                              • Dec 2005
                              • 10764

                              #15
                              I would have been using Zombio (or whatever) years ago, until they wanted ID. At that point I was out - same with ClickPay (or whatever - I forget the names).

                              I was seriously planning to reinstate my Verotel account very soon for 500 Euros, but if they want my passport now, no way Jose!

                              Thanks for the heads-up SilentKnight
                              Last edited by BFT3K; 04-16-2013, 06:34 PM.

                              Comment

                              • pornmasta
                                Too lazy to set a custom title
                                • Jun 2006
                                • 20016

                                #16
                                Originally posted by SomeCreep
                                If you aint got nothing to hide, just give it to them. Don't be so paranoid.
                                passport ? i don't have a passport, it's used to travel...

                                Comment

                                • SilentKnight
                                  Megan Fox's fluffer
                                  • Oct 2005
                                  • 24818

                                  #17
                                  Originally posted by BFT3K
                                  I would have been using Zombio (or whatever) years ago, until they wanted ID. At that point I was out - same with ClickPay (or whatever - I forget the names).

                                  I was seriously planning to reinstate my Verotel account very soon for 500 Euros, but if they want my passport now, no way Jose!

                                  Thanks for the heads-up SilentKnight
                                  Hopefully this thread will help dissuade others from considering processors that demand ID such as passports.

                                  I recall several years ago Verotel hit us with a slew of chargebacks all at once - they claimed they hadn't been keeping track of a bunch that eminated from Europe. We had no way of verifying or appealing and wound up with revenue deductions that went on for ages. We got past that - but I never forgave Verotel for that shit at the time.

                                  Now this - the last straw.

                                  I'd enjoy a Verotel rep dropping into the thread and attempting justification for requiring copies of my passport - just to process for us.

                                  Comment

                                  • Supz
                                    Arthur Flegenheimer
                                    • Jul 2006
                                    • 11057

                                    #18
                                    Originally posted by BFT3K
                                    If processors insist on intrusive IDs, then perhaps alternative currencies really will be the answer soon.

                                    Social security numbers, copies of driver's licenses, passports - fuck that shit. Nobody needs that much information, especially faceless people across the ocean.
                                    Its how normal business is done on a day to day basis. Do you think because you are in porn you get to hide out anonymously and try not to pay taxes?

                                    Comment

                                    • BFT3K
                                      Too lazy to set a custom title
                                      • Dec 2005
                                      • 10764

                                      #19
                                      Originally posted by Supz
                                      Its how normal business is done on a day to day basis. Do you think because you are in porn you get to hide out anonymously and try not to pay taxes?
                                      Name - Sure

                                      Business Name - Sure

                                      Bank Account Information - Sure

                                      Tax ID Number - Sure

                                      Owner's Social Security Number - Maybe

                                      Copies of Driver's Licenses and Passport - Nope

                                      Why does anyone need photo ID?

                                      It's easier to buy a gun.
                                      Last edited by BFT3K; 04-16-2013, 07:00 PM.

                                      Comment

                                      • signupdamnit
                                        Confirmed User
                                        • Aug 2007
                                        • 6697

                                        #20
                                        What I find ironic is that it is the smaller players who get stuck paying but everybody knows it's always been the larger players who have been responsible for the scumbag shit in our industry for years. You know banging cards, hidden cross sales, chargeback roulette. It's not the little guys you see complaining who did all that crap. It's the big scumbags who in some cases are still around today and sitting pretty. These are the people who helped to bring about all the "compliance fees" for "regulation" we see now. And shit still happens. Remember agamegirlz.com just a few months ago?

                                        You don't like my posts? Put me on ignore or fuck right off. I'll say what I want.

                                        Comment

                                        • Konda
                                          ...
                                          • Apr 2003
                                          • 2280

                                          #21
                                          You won't be able to get any high risk processing (adult) without sending in your ID and all you personal details. These are requirements by the bank and Visa/Master.

                                          Comment

                                          • geedub
                                            Confirmed User
                                            • Jun 2005
                                            • 3489

                                            #22
                                            Originally posted by BFT3K
                                            It's easier to buy a gun.
                                            No it isn't.
                                            Reliable web host that actually cares, tell em geedub sent ya. Vacares

                                            Comment

                                            • fitzmulti
                                              I Like Depth Of Field!
                                              • Jan 2003
                                              • 14861

                                              #23
                                              Originally posted by pornmasta
                                              passport ? i don't have a passport, it's used to travel...


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                                              • Barefootsies
                                                Choice is an Illusion
                                                • Feb 2005
                                                • 42635

                                                #24
                                                Originally posted by Vendzilla
                                                It's all part of the KYC (Know Your Customer) and AML (Anti-Money Laundering) requirements that everyone is having to adhere to
                                                Exactamundo.

                                                I am not happy about it either, but it's basically a 'cost of doing business' in this new anti-terror bullshit era. Merchant accounts, banks, whatever all now ask you a shitload of fucking questions, and require docs. Whether for anti-terromism or proof of citizenship. That being said..... Remember, this is what many Americans wanted, begged, and asked for.... the government to protect them from the boogie man. This is the end result of that slippery slope.

                                                They that can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety.

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                                                • Fat Panda
                                                  Porn is Dead. Move along.
                                                  • Aug 2006
                                                  • 13296

                                                  #25
                                                  How do Corporations provide a passport?

                                                  Comment

                                                  • epitome
                                                    So Fucking Lame
                                                    • Jun 2009
                                                    • 12156

                                                    #26
                                                    Originally posted by SAC
                                                    How do Corporations provide a passport?
                                                    Beneficial owner. It all comes down to % of stock you own. Lots of places require for anyone holding more than 15% of stock.

                                                    Comment

                                                    • Fat Panda
                                                      Porn is Dead. Move along.
                                                      • Aug 2006
                                                      • 13296

                                                      #27
                                                      So when GM needs a processing account the US govt provides Obama's passport? Ya right

                                                      Comment

                                                      • brassmonkey
                                                        Pay It Forward
                                                        • Sep 2005
                                                        • 77396

                                                        #28
                                                        Originally posted by SilentKnight


                                                        demand dinner and a movie
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                                                        • Bman
                                                          Confirmed User
                                                          • Aug 2003
                                                          • 1679

                                                          #29
                                                          Originally posted by SilentKnight

                                                          Our sites have been in recycle/archive mode for the last while - basically winding them down and not actively promoting them.

                                                          We'll see what happens I guess...
                                                          How come?
                                                          ICQ 228211529

                                                          Comment

                                                          • pamon
                                                            Confirmed User
                                                            • Dec 2007
                                                            • 3113

                                                            #30
                                                            so you expect a processor to process thousands of dollars for you without knowing whom they are processing for? Only reason you're hiding behind not providing a passport is because you are hiding, a criminal, a privacy freak, or a really wierd reason. would seem any bank or processor would want to know whom they are processing payments for regardless.
                                                            Email: [email protected]
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                                                            • BFT3K
                                                              Too lazy to set a custom title
                                                              • Dec 2005
                                                              • 10764

                                                              #31
                                                              Originally posted by pamon
                                                              so you expect a processor to process thousands of dollars for you without knowing whom they are processing for? Only reason you're hiding behind not providing a passport is because you are hiding, a criminal, a privacy freak, or a really wierd reason. would seem any bank or processor would want to know whom they are processing payments for regardless.
                                                              What the fuck are you talking about, hiding?

                                                              Company Name
                                                              Owner's Name
                                                              SS Number
                                                              Company Address
                                                              Tax ID Number
                                                              Bank Name
                                                              Bank Account Number
                                                              Bank Address
                                                              2257 Address
                                                              Etc, etc...

                                                              Explain how a photo ID adds to this?

                                                              Why is everyone so eager and willing to bend over and take it?
                                                              Last edited by BFT3K; 04-16-2013, 09:48 PM.

                                                              Comment

                                                              • Manfap
                                                                Confirmed User
                                                                • Jan 2013
                                                                • 2626

                                                                #32
                                                                Do you have to show ID to open a bank account where you are?

                                                                Comment

                                                                • helterskelter808
                                                                  So Fucking Banned
                                                                  • Sep 2010
                                                                  • 3405

                                                                  #33
                                                                  Only reason you're hiding behind not providing a passport is because you are hiding, a criminal, a privacy freak, or a really wierd reason.
                                                                  Do you show your passport and allow it to be copied when you use your credit card or when you go to McDonald's? Why not? Are you some kind of weirdo or privacy freak?

                                                                  Criminals will use a fake ID or an ID of someone else if they need to.

                                                                  Comment

                                                                  • OldJeff
                                                                    Big Fucking hahahaha
                                                                    • Feb 2003
                                                                    • 2489

                                                                    #34
                                                                    This thread really delivers.........................How little many of those actually know about the business, funny how so many of them have the most opinions
                                                                    "As pornographers we must act responsibly! ;))"- Nickatilynx

                                                                    I might be Old and Tired, but at least I don't support a whiney cunt

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                                                                    • Manfap
                                                                      Confirmed User
                                                                      • Jan 2013
                                                                      • 2626

                                                                      #35
                                                                      Originally posted by helterskelter808
                                                                      Do you show your passport and allow it to be copied when you use your credit card or when you go to McDonald's? Why not? Are you some kind of weirdo or privacy freak?

                                                                      Criminals will use a fake ID or an ID of someone else if they need to.
                                                                      In most places in the EU you do have to show ID with a cc.

                                                                      Spain's got chip and pin now and they still want ID.

                                                                      Wanting it for billing though.. Probably something to do with the US terror laws they pushed through for banking no?

                                                                      Comment

                                                                      • tony286
                                                                        lurker
                                                                        • Aug 2002
                                                                        • 57021

                                                                        #36
                                                                        Originally posted by Vendzilla
                                                                        It's all part of the KYC (Know Your Customer) and AML (Anti-Money Laundering) requirements that everyone is having to adhere to
                                                                        yeah for those making less than 100 euro a week. lol

                                                                        Comment

                                                                        • tony286
                                                                          lurker
                                                                          • Aug 2002
                                                                          • 57021

                                                                          #37
                                                                          Originally posted by BFT3K
                                                                          What the fuck are you talking about, hiding?

                                                                          Company Name
                                                                          Owner's Name
                                                                          SS Number
                                                                          Company Address
                                                                          Tax ID Number
                                                                          Bank Name
                                                                          Bank Account Number
                                                                          Bank Address
                                                                          2257 Address
                                                                          Etc, etc...

                                                                          Explain how a photo ID adds to this?

                                                                          Why is everyone so eager and willing to bend over and take it?
                                                                          If you went to a bank to open an account or got a merchant account they would want the same things. Would you tell them WTF? The less hidden a person is the less of a chance of them committing fraud.If the internet was all based on real verifiable names only ,you would cut the bullshit out by 75 percent. lol
                                                                          Personally we are dropping them they were a weak secondary at best.

                                                                          Comment

                                                                          • Sly
                                                                            Let's do some business!
                                                                            • Sep 2004
                                                                            • 31376

                                                                            #38
                                                                            Originally posted by helterskelter808
                                                                            Do you show your passport and allow it to be copied when you use your credit card or when you go to McDonald's? Why not? Are you some kind of weirdo or privacy freak?

                                                                            Criminals will use a fake ID or an ID of someone else if they need to.
                                                                            You are comparing a consumer to a guy that is trying to run a business. The guy that owns McDonald's, yes, he will be providing his drivers license and bank records in order to process credit cards of the consumer.
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                                                                            • RyuLion
                                                                              • Mar 2003
                                                                              • 32369

                                                                              #39
                                                                              Originally posted by OldJeff
                                                                              This thread really delivers.........................How little many of those actually know about the business, funny how so many of them have the most opinions

                                                                              Adult Biz Consultant A tech head since 1995
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                                                                              • MaDalton
                                                                                I am Amazing Content!
                                                                                • Feb 2004
                                                                                • 39861

                                                                                #40
                                                                                welcome to the real world of doing business
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                                                                                • Sly
                                                                                  Let's do some business!
                                                                                  • Sep 2004
                                                                                  • 31376

                                                                                  #41
                                                                                  Originally posted by tony286
                                                                                  yeah for those making less than 100 euro a week. lol
                                                                                  According to their website, they charge 15%. So 15% of €100 a week is about $19 a week, multiply that by 52 weeks a year and that's not even $1000. Take out the actual costs of running that card and add the various labor that is required to run that business, they are probably not making any money on that account. In fact, they are most likely losing money due to the wasted resources.

                                                                                  Is anyone in this thread running their business at a loss? My guess would be no, or at least a hopeful no. Not sure why anyone would expect another company to run their business at a loss. I would move away from doing business with anyone that I know is running at a loss, they could shut down any day and I could lose whatever I have invested with them.
                                                                                  Last edited by Sly; 04-17-2013, 06:38 AM.
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                                                                                  • _Richard_
                                                                                    Too lazy to set a custom title
                                                                                    • Oct 2006
                                                                                    • 30991

                                                                                    #42
                                                                                    Originally posted by SAC
                                                                                    How do Corporations provide a passport?

                                                                                    Comment

                                                                                    • BFT3K
                                                                                      Too lazy to set a custom title
                                                                                      • Dec 2005
                                                                                      • 10764

                                                                                      #43
                                                                                      Originally posted by tony286
                                                                                      If you went to a bank to open an account or got a merchant account they would want the same things. Would you tell them WTF? The less hidden a person is the less of a chance of them committing fraud.If the internet was all based on real verifiable names only ,you would cut the bullshit out by 75 percent. lol
                                                                                      Personally we are dropping them they were a weak secondary at best.
                                                                                      Showing a local bank teller your ID seems safe and reasonable. Scanning personal ID and emailing this very personal information to faceless strangers across the globe just doesn't feel right.

                                                                                      If banks talk to banks (and they do), then providing your local company banking details should cover it, as like you said - you already provided ID to set that account up (locally).

                                                                                      It just seems redundant, as you have already provided the details to the most important bank to begin with, to be in business in the first place.

                                                                                      Not the same thing, but kind of like when Visa charges you $750 to "review your sites" for one billing company, but then charges you the same $750 over and over to "review your sites" again and again, for every other processing company.

                                                                                      Shit just seems redundant and unnecessary.
                                                                                      Last edited by BFT3K; 04-17-2013, 06:57 AM.

                                                                                      Comment

                                                                                      • Sly
                                                                                        Let's do some business!
                                                                                        • Sep 2004
                                                                                        • 31376

                                                                                        #44
                                                                                        Originally posted by BFT3K
                                                                                        Showing a local bank teller your ID seems safe and reasonable. Scanning personal ID and emailing this very personal information to faceless strangers across the globe just doesn't feel right.

                                                                                        If banks talk to banks (and they do), then providing your local company banking details should cover it, as like you said - you already provided ID to set that account up (locally).

                                                                                        It just seems redundant, as you have already provided the details to the most important bank to begin with, to be in business in the first place.

                                                                                        Not the same thing, but kind of like when Visa charges you $750 to "review your sites" for one billing company, but then charging you the same $750 to "review your sites" again and again, for every other processing company.

                                                                                        Shit just seems redundant and unnecessary.
                                                                                        I sent a wire to the Netherlands two months ago. It was a big bank. My bank could not even find that banks existence, even after I provided them with a very large, detailed list of bank information about the Netherlands bank.

                                                                                        You think Bank XYZ in your city gives your details to Bank ABC in another city on the other side of the world? And then on top of that, you think Bank ABC should simply blindly trust Bank XYZ and ignore any laws that they may have to follow in their own country?

                                                                                        Also, if Bank XYZ is the "only important bank", why are you messing with Bank ABC? Why don't you simply have Bank XYZ process for your sites? Oh wait? it's because they won't.
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                                                                                        • BFT3K
                                                                                          Too lazy to set a custom title
                                                                                          • Dec 2005
                                                                                          • 10764

                                                                                          #45
                                                                                          Originally posted by Sly
                                                                                          I sent a wire to the Netherlands two months ago. It was a big bank. My bank could not even find that banks existence, even after I provided them with a very large, detailed list of bank information about the Netherlands bank.

                                                                                          You think Bank XYZ in your city gives your details to Bank ABC in another city on the other side of the world? And then on top of that, you think Bank ABC should simply blindly trust Bank XYZ and ignore any laws that they may have to follow in their own country?

                                                                                          Also, if Bank XYZ is the "only important bank", why are you messing with Bank ABC? Why don't you simply have Bank XYZ process for your sites? Oh wait… it's because they won't.
                                                                                          When I wrote the "only important bank" I meant that it was the bank that confirms you are really in business to begin with. It is the bank information that SHOULD provide enough proof and credibility that you and your business actually exists.

                                                                                          Billing companies ask for all sorts of info, which includes your banking info, server info, and more. In a world riddled with identity theft, it would seem that these redundant photo copied ID requirements can only make things LESS safe - especially for business owners.

                                                                                          Comment

                                                                                          • Wizzo
                                                                                            2011 GFY Hall of Fame!
                                                                                            • Nov 2000
                                                                                            • 15224

                                                                                            #46
                                                                                            Originally posted by SAC
                                                                                            How do Corporations provide a passport?
                                                                                            Its usually either the CFO or the CEOs and have it on file... I'm not sure what the big deal is, as this is nothing new.

                                                                                            Have you guys ever opened a bank account, brokerage account, paxum account? Its the way grown ups do business and have for many years.
                                                                                            Looking for Opportunity!

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                                                                                            • beemk
                                                                                              CLICK HERE
                                                                                              • Jan 2002
                                                                                              • 20829

                                                                                              #47
                                                                                              Originally posted by BFT3K
                                                                                              When I wrote the "only important bank" I meant that it was the bank that confirms you are really in business to begin with. It is the bank information that SHOULD provide enough proof and credibility that you and your business actually exists.

                                                                                              Billing companies ask for all sorts of info, which includes your banking info, server info, and more. In a world riddled with identity theft, it would seem that these redundant photo copied ID requirements can only make things LESS safe - especially for business owners.
                                                                                              That's why they run banks and you don't. One of the two knows things about running banks, and the other is some idiot on gfy who doesn't know what he's talking about and making accusations.
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                                                                                              • BFT3K
                                                                                                Too lazy to set a custom title
                                                                                                • Dec 2005
                                                                                                • 10764

                                                                                                #48
                                                                                                I used to think the porn biz was filled with radicals and tough guys, but instead... just the opposite.

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                                                                                                • Sly
                                                                                                  Let's do some business!
                                                                                                  • Sep 2004
                                                                                                  • 31376

                                                                                                  #49
                                                                                                  Originally posted by BFT3K
                                                                                                  When I wrote the "only important bank" I meant that it was the bank that confirms you are really in business to begin with. It is the bank information that SHOULD provide enough proof and credibility that you and your business actually exists.

                                                                                                  Billing companies ask for all sorts of info, which includes your banking info, server info, and more. In a world riddled with identity theft, it would seem that these redundant photo copied ID requirements can only make things LESS safe - especially for business owners.
                                                                                                  Why?

                                                                                                  A few years ago online poker in the United States was more or less shut down. Not completely due to gambling, but due to wire fraud. The poker site owners were in cahoots with banks, in the United States, committing a broad range of acts that amount to wire fraud. In short, the banks were paid off to look the other way when illegal acts were taking place. Again, this was in the United States, not some third world post-Soviet state.

                                                                                                  Why on earth should Bank XYZ believe anything Bank ABC says in a completely different country? Do you want your local bank taking a local bank in Russia for its word?
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                                                                                                  • BFT3K
                                                                                                    Too lazy to set a custom title
                                                                                                    • Dec 2005
                                                                                                    • 10764

                                                                                                    #50
                                                                                                    Originally posted by Sly
                                                                                                    Why?

                                                                                                    A few years ago online poker in the United States was more or less shut down. Not completely due to gambling, but due to wire fraud. The poker site owners were in cahoots with banks, in the United States, committing a broad range of acts that amount to wire fraud. In short, the banks were paid off to look the other way when illegal acts were taking place. Again, this was in the United States, not some third world post-Soviet state.

                                                                                                    Why on earth should Bank XYZ believe anything Bank ABC says in a completely different country? Do you want your local bank taking a local bank in Russia for its word?
                                                                                                    My corporation has been in business with the same bank since 1999. If I decide to go rogue at this point, what is the difference whether or not some shmoe in the Netherlands has a copy of my passport on file or not?

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