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Is that just a thought or are the wheels already in motion? if so how long til that feature is up?... |
The load fee is $5 for every $100? That sounds like a bit much.
So if I load it with $3,000 I have to pay $150 just to load money onto it? The load fee should be like $5 for any amount loaded onto it, people would load way more. |
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The thing is it costs ePassporte a % fee (probably ~2.5% +/- a bit) for the charge.... So a $3000 load might be costing them $75. I forgot about this when I was suggesting they make the discount a bit lower to start. But see... Paypal is *Massive* now right? Well when they first launched, it was not only 100% free for all, but they were PAYING people hand over fist to sign up AND refer people. I think it was like $10 to signup and $10 referral to start. It was crazy for awhile. They must have had millions allocated to give away for the name-branding launch. We all know how well that worked out for them in the end :) Ebay Buys Paypal For $1.5 BILLION in stock. (which has since went up like 15% lol) I think something similar for ePassporte would work nicely.... (I shouldn't be giving away all these ideas... but I imagine if Epoch/ePassporte uses any of them that I can get a nice kickback on the Epoch fees or something) :Graucho But think about that Epoch Guys... In the beginning Paypal was doing all that processing for free... millions and millions in transactions for free AND they were giving away all that money to people for signups & referrals ($10 at first, then $5 - on both ends - the signup and the referrals) -- it was MADNESS & it would be again (cause its fuggin FREE MONEY). But check it out.. lets say absolute worst case scenario they spent 20 million buying their signups/referrals & the initial processing charges that they ate (but I think some of the banks were in kahoots with paypal)... In the end, they made like 100 times that when they sold to ebay. These deals were all POST dot-com-bomb stuff. I'm not sure what your banking agreements will allow you to process ($ wise / industry wise etc) .. but there is a ton of cash out there & you guys have the contacts & the knowledge of the industry.... I just sort of see this ePassporte thing having a weak initial push for what it could have been. No offense at all, but I know Internext was coming up and you guys had to be ready for that. Anyway I don't know if it would be possible for ePassporte to start out with something like this or not, but heres an idea... #### FREE IDEAS START HERE #### If you were to GIVE AWAY MONEY paypal style, say $5 or $10, to each new account, for a no-strings account creation (no initial load required, though registering a CC on file would be) - then you might be able to get a ton of webmasters PROMOTING ePassport on their websites. Webmasters could then promote things like (say they have a $2.95 trial and you pay $5 to a new epassporte signup) "GET PAID two dollars to check out our site! These guys will pay for your trial membership AND you'll have two bucks left over! Click here for details!" Then you could link them to a quick-n-dirty INFORMATIVE page about the benefits of the virtual visa & epassporte (ie the wife blocking/protection, the creation of virtual visa account numbers on the fly for each merchant etc) Now, if you were to ALSO pay the referring webmaster $5 for the new account referral (again, paypal style)... Then you are Talking REVOLUTION...... BIGTIME :thumbsup |
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We use paypal for some software & services we provide. I just went through the order process and it really appears that if you don't have a Paypal account, that its just a normal credit card transaction (and it forces you to create a paypal account for you too of course). I'm like 99% sure that its a real-time purchase for new credit card users. (Damn I should know this stuff since its our only payment option for this). (I'm going through this thread trying to find out if the ePassporte rebilling question has been answered yet) |
Does Epassporte work if you have your own merchant account and Epoch just does the processing?
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Thanks, Rand, for your reply! :thumbsup
I'm waiting for the answer with the Electron fee for an ATM withdrawal. Btw, you say there is no fee for me when a sponsor sends me money, but what is their fee? Just that $.25 (or $1 for more than 5 transfers/day) or more? Because if it's (much) more, they might deduct that from the amount to pay us - so I'm curious to know. Another thing is: can I create an epassporte virtual account with no money (but a card info provided), have funds paid in it by a sponsor and then order a Visa Electron card for $35 to be mailed to me? To save that initial $5 fee :1orglaugh |
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Please let me know. --Rand |
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The physical epassporte card is a Visa Electon (which is accepted worldwide) but is for electronic use only meaning it must be swiped and used with the PIN. |
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goBigtime,
WOW -- Thanks for taking the time to throw some ideas our way. Some of this has already been discussed but you've got some very interesting ideas for us to consider. You're right. We were working feverishly to launch epassporte at InterneXt and that's why we talk about "coming soon" features in earlier posts. We are in the process of making epassporte as flexible as possible and I'm sure that as this product grows there will be changes to enhance it usability. We will definitly take your post into consideration. Thanks again for taking the time to share your ideas. |
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As for transfer fees, the fee's quoted above are for personal accounts. Sponsors would use a commercial or corporate account with a differnet fee structure. |
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However, you can not obtain a card without loading it. The initial load has a minimum $50. However, I suspect that some sponsors will be issuing cards to their affialtes at no or reduced costs. --R |
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I called tech support right away when I realized it charged my card the $55 without registering my info, and he said there were some problems with zip codes and support would call me back. But they never did. Called again in the daytime and same thing, they would look into it, there were a few bugs still and they would call me back in 30 minutes and never did. I recognize all new progs have bugs. Just a bit concerned how I got charged for it even if it turns out to be an authorized pending and clears off my card in 3 days. That shouldn't happen because it will pee off customers signing up who have a zip code problem. Webmasters obviously have a higher tolerance for system bugs since we deal with them all the time. I'm just going to wait to see if the charge clears off then I'll try again. Hopefully it won't repeat the zip error message again. |
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Please email me directly at [email protected] with your name, cc number, zip and I will have this resolved. C |
i didt get a good answer
if i have the visa electron card, there is a 16 digit number on it. can i use that online too to buy stuff with a visa company or must i use then the virtual visa ? |
Hey Rand,
So whats the deal with the ePassport rebilling issue... just lay it on us already? :winkwink: To me this is a very important issue - if the ePassport is going to auto-load itself or not when money is owed on a subscription that was purchased with a eP virtual visa. - Bigtime |
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the ELECTRON card can ONLY be used at PIN-BASED POINT OF SALES. so no, you CAN'T buy stuff online with the electron card. |
a couple observations:
- p2p transfers are free with paypal. you must receive with your personal account (not your business one) though. - the "free $5" for joining and referring a new user is deceptive, see: http://www.paypal.com/cgi-bin/webscr.../bonus-outside http://www.paypal.com/cgi-bin/webscr...us-faq-outside bottom line is that you must add $250 to your account to get $5, and as a referrer your referral must add $250. it may have been different in the past though. |
Seems like just yesterday...
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I'm not trolling or tricking anyone by bumping this. Just reminiscing. I have used ePassporte since the first or second week they launched and I have been a big fan and supporter ever since. It really is a disappointment how things are ending up...
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lollololololol
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I'm just looking through the nicks and seeing who's still here.
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