ePassporte Official Statment

1,000 epass pundits

I think your 6 percent figure is off

according to these post only epassporte and not the St-kitts bank lost their Visa deal

http://www.italkcash.com/forum/e-cur...l-users-2.html

Higher or lower?

Even if you doubled it, you are still only sitting at 3,286.... still a pittance compared to the transaction fees.

10,000,000 x .06 (6%) = 600,000 a day...

way to go in math : /

I believe that would be $600,000 a year / 365 days = $1644 / day

http://www.thestkittsnevisobserver.c...tley-debt.html

Incredible! Is this a state bankruptcy? It is a long article, but here is a snippet..

lmfao firegod... it's not 6% a day

Go back a page and re-read my previous posts. No shit.

Here is a quote from Epassporte:

In the quote Chris states that the ePassporte Visa program with their banking partner St. Kitts Nevis Anguilla National Bank is suspended. In no way did he say that the bank itself could not transact Visa transactions as a whole. It is pretty clearly stated that just that one account is suspended and the Wallet account is not.

From this one can assume that the problem is between ePassporte and Visa. Something Michael already alluded to. So what is the big deal? Without the Visa network YOU cannot withdrawal that cash. Visa cannot LOCK the account as they have no authority to do so. The money is still in there. Chris is trying to fix the Visa issue so things can go back to normal. If he cannot I assume he will transfer the money to the wallet account and allow you to receive it that way. He runs a company with employees. He can't make a rash decision and therefor this might take more than a day to resolve. Just like Chase or Wells or BOFA wouldn't make a rash decision.

ItalkCash is not a news organization. It is a drama lama...

Is it just me or does anyone think it's odd / wierd that they just recently lowered withdrawl limits??

Another thought on this...it's a 3 day weekend in the United States, not all over the world. I'm not sure if Visa International takes Labor Day off or not. For problems this big, I'm sure that they have a team that will work on this thru the weekend.

Lay off the 420, sir. You must have failed economics.

Good posts V_Rocks.

I admire your optimism, Madoff was a very respected broker on wall street, for many years he actually did run a very successful and profitable business, as did Ibill and many other companies that went under... In situations like this it's best to prepare for the worst, but hope for the best... I hope they make it through, but I wouldn't count on it...

if you think about this post:
http://www.italkcash.com/forum/e-cur...tml#post331061

the user that posted it, also made posts with the same username on the other forums and his join date on all forums is Sep 2010.

epassporte can't have a deal with visa, since visa is working only with banks. this problem could be caused DUE TO epassporte, but the bank is the one in question. i tried to get the bank on the phone, but most of the times their phone line was either busy or unavailable.

check out my previous posts here in order to find the probable reasons of the visa deal cancelation...

CRAP news... Time to 420

yea misread his post..

Nope - they lied about that shit too.. just tried it

We were unable to issue a withdrawal at this time. Please try again later.

The money in Visa Electron Card it's lost ???

But the money in Visa Electron Card it's lost ???

Michael, my account was always set to deposit all loads and transfers to my wallet but for some reason all my funds are currently under the Visa Virtual Card.

I know you must be busy as hell, but I just sent you an e-mail, can you check it?

Thanks

With these fucking idiots.. they probably gave them the keys to the place and said come back anytime.

It let me do it about 2 hours ago.

e2a: $300 daily limit sucks though

Sorry, I just got here... is it Obama's fault yet?

Lets wait a few days and see how it goes.

Yep that is the big question... Will Epass Take Care Of US????

Visa should be the processing agent. And epass should have all funds on deposit in their accounts at their bank.

I guess epassport guys will sort this out very fast. waiting for good news

Anytime your face, appears in a thread, it's indeed curtains. Lights out.....

i love your optimism! Yea, let's hope epass won't turn rehab$/SOBV if you know what I mean.

It very well could be because of new credit card regulations that Visa had to pull the plug on Epass.

Michael O ´s ICQ might be busy today?

Why don't we get any updates? There must be some new info for us now.

LOL @ the people saying "let's wait a few days". If this is a Visa issue and it doesn't get resolved today (which it doesn't appear it will), then those "few days" are all a US holiday weekend during which Visa will be closed. More like let's wait a week at least, and probably more like let's wait a few months since by all indications this is not some minor mistake or error - this is intentional action by either Visa or the bank which means months and months IF it can be resolved.

why i can not transfer my money from my ePassporte Visa Virtual Account to Wallet?

Visa suspended service for epassporte only?! They don't keep any money.

MO does have to sleep at some point...just saying

Listen Idiot.. When you are doing regular transactions in and out in amounts of $2,000, $5,000, $10,000 and even one nice once this year for $20,000 it is pretty difficult to NOT keep money in your virtual account.. And while my transactions average between $1k to 10k, there are a shitload of people out there that do 5x that with epass on a regular basis. Jesus who cares about $300?? LMFAO! Not to mention that there are many people from outside the USA that really have no other option.

And as far as paying taxes.. umm most of us kinda do have to pay them lol.. with 1099's being sent to the IRS, there is no way around it.Ummm.. if they have lost $200,000.. wouldn't you think that probably put them in a bad position to do anything?? Just because someone has 200k in there, that does not mean it is "fun money" lol..

Understand, if someone has 200k in their epass account, that money was probably intended to go somewhere. i.e.: paying affiliates, advertisers, employees, etc.. now that that money is tied up, they still need to pay those people.. which means to remain in business they will have to find a way to dig up ANOTHER 200k pay those bills.. Probably would not leave much extra money left-over for lawyers.. (which would probably get nowhere if dealing with Visa or foreign banks outside of US regulation).
Why??? Because of History.. History that is scary enough to make any grown man pee himself.. Were you not in this business during the iBill Fiasco?? (and aside from the iBill deal, to put salt in the wound we lost our Merchant account twice within months after paying those enormous Visa fees, because of Visa porn regs forcing 2 different banks we used out of the adult business.. both of those fees were completely lost.. this happened to us at the same time as the iBill shit was going on).

Because of the iBill shit, it financially devastated me (as well as countless others).. I mean completely devastated me. I mean forget about mortgage, vehicle and utility payments for several months, I am talking about it was to the point where I had to look through the couch to find loose change for bread... seriously, not kidding..

Luckily with this epassporte situation I had emptied my epassporte account over the past couple weeks down to just a couple hundred dollars due to an $8000+ hospital bill that needed to be paid.. And to add to my luck even though several people owe me a few thousand dollars, they had not sent the funds yet. If I had $20k in there because of a couple of payments going in at the same time just before this happened, I would be digging in the couch again... Thank F'in God the timing for me worked out this time and was not a repeat of the iBill situation.

#1 Because many people from outside the USA have no other option, therefore if we did not use epassporte we would lose out on that revenue. #2 When doing transactions in amounts of $5,000 or $10,000 paypal charges several hundreds of dollars in fees, whereas epassporte charges pennies.

This could be a huge concern...

Because for some people, like myself, money goes in and out in large amounts so fast on a daily basis that the wallet is completely useless to us.

Like I said, I lucked out this time.. I couldn't be happier to have a couple hundred in my epass virtual account.. and losing that is not at all anything I would cry about.

What I will cry about is what if this does not get resolved because Epass was (is?) the best option for our business model to send and receive large transactions on a regular basis with little or no fees.. Losing epass as an option will put a serious dent in my livelihood..

If it is related to the new Regulations regarding pre-paid credit cards I do not see much light at the end of the tunnel And from my experiences with Visa, they are simply assholes.. I would guess this might take weeks (or months) to resolve, if there even is a resolution at all... However, if it is an issue regarding pre-paid cards, what differentiates epassporte from Paypal?? Is it because epassporte is considered a credit card and Paypal is considered a debit card?

And someone in this thread mentioned that if it did get resolved, that Epass would be damaged by everyone pulling their money out at once as soon as they are able, to which someone else promptly replied that actually it would be an injection of revenue for them as they get paid for withdrawls. While this is true, in the long term (if they do survive this), this issue will probably hurt them.

The one nightmare I hope never happens is if CCBill shit the bed... Now that would be an industry-wide game changer.

And I gotta add.. I've read all 20+ pages.. and I can't believe how many goofballs ask the same exact 2-3 questions over and over that were already asked and answered time and time again.. lmao..

Hello Michael,

We arranged a wire transfer in epassporte, print, signed and send it by email.
When will you send it ?

Thanks for your time and help.

some of you here are funny.. what makes you think this will be resolved in one day??

It wasnt like visa made a mistake and shut them down.. NO.. they were shut down for a big reason, big enough to have dozens of millions $$ frozen...

If, and a BIG IF, they were to resolve this, it would take months... this isnt something they can resolve with a phone call...

guys, lets wait a few months before all the speculation please

I really need my money back...

Just got off the phone with a VISA rep, they told me that it was a preemptive measure because of the Financial Identity Reform Act that Obama will be signing in two weeks... haven't you been watching the news?

Notice how you're the only one having a giant hissy fit here? Spitting the dummy isn't going to expedite the whole process.

Michael is doing a great job - afterall he is dealing with your whining dumb fucking posts.

According to this post...

http://www.gofuckyourself.com/showthread.php?t=985237

VISA DID NOT CUT OFF THE BANK...THE BANK CUT OFF EPASSORTE.

does not look good.

Where my money .............

Call St. Kitts Nevis Anguilla National Bank yourself. You will be interested in hearing what they say about all of this. It doesn't jive with what Epass is saying.

Tel: (869) 465-2204 Mon - Thurs: 8 a.m. - 2 p.m. Fri: 8 a.m. - 4 p.m.
Fax: (869) 465-1050
Email: [email protected]

Double post. GFY just farted.

We need someone to do the hitler video al'a epassporte.

"Vhat do you meeen vee cannot witdrawl unless wallet!"