Quote:
Originally posted by TheJimmy
quick and hopefully easy question....
if someone signed up for an epassport account tonight, could they send me cash?
or is there some long verification process?
thanks in advance....back to reading the fine print on the site now...
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It depends on your bank.
If you are loading with a Visa card and your bank is participating in the VBV authentication process, you can get an account within 5 minutes from which you could send funds to any other ePassporte account holder. Easy.
If you bank is not part of the VBV network, ePassporte employs a different authentication process where a pending charge (that never settles) is placed on your credit card. You can look at your online statement (of if you haven't joined the ranks of the 21st century yet you can call your bank) and obtain the pending amount on your credit card to verify yourself with ePassporte. This would not take you more than a few minutes to do.
Sometimes banks in foreign countries present other challenges due to currency conversions but all in all this is a good system and works very well.
So, the answer is yes, someone should be able to get an account and actually start transferring funds within minutes.
I know when I went through the verification process I was done within 8 minutes and ready to roll.
