ePassporte Official Statment

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  • Marshal
    Biz Dev and SEO
    • Jun 2005
    • 15219

    #1156
    Originally posted by beta-tester
    1) actually scares me a bit. I don't understand how can VISA have the access to the funds. They must be located phisically somewhere, in the bank for example. From what I understand VISA only gives the bank the licence to issue the cards and use their network to operate on a global level. VISA by no means should have access to the money!! I might be seriously wrong on this, though, but I don't think so.

    That means if the money is on VISA card, they are still in the bank laying somewhere, and if visa suspends the program, that doesn't mean the funds are frozen, right? VISA don't have any jurisdiction over the money sitting in one person's account that is only connected to VISA's network and can be used everywhere. If VISA withdraws its licence off that bank, money should still be in the account and not forfeited.

    Please correct me if I am wrong...
    your question has a good point. as far as i'm aware, St. Kitts Nevis Anguilla Bank put on hold all their funds on cards for some reason (I guess because VISA have been putting pressure on them with their new regulations). the bank can't legally steal this money, so it should be still in the bank. the rest of the money is probably in some other bank or another account which is not connected to visa services. this is just my lame explanation. someone correct me, please...
    ---
    Busy ranking websites on Google...

    Comment

    • Michael O
      More Cowbell
      • Jul 2001
      • 10607

      #1157
      Originally posted by DimeCash
      Did Chris Mallack post directly in this thread?
      If not - why not?

      He was able to post about his movie yet something of this which REALLY affects the industry he seems silent with the exception of Michael O.
      Mr. Mallick is working to solve this situation with Visa.
      Truth Teller

      Comment

      • cam_girls
        So Fucking Banned
        • Apr 2009
        • 2968

        #1158
        Fuck I've got 25MB bandwidth left. Broke and blind.

        I am just utterly fucked, off to the Salvos, eating out of bins fucked.

        No way to get my pay back on track whatsoever.

        Wait I can spend $2 out of my $20 paypal coming in at the net cafe....

        Shame walking from the park 10km to the cafe is really fucking painful when you don't have any food

        Comment

        • Michael O
          More Cowbell
          • Jul 2001
          • 10607

          #1159
          Originally posted by nettrust
          your question has a good point. as far as i'm aware, St. Kitts Nevis Anguilla Bank put on hold all their funds on cards for some reason (I guess because VISA have been putting pressure on them with their new regulations). the bank can't legally steal this money, so it should be still in the bank. the rest of the money is probably in some other bank or another account which is not connected to visa services. this is just my lame explanation. someone correct me, please...

          Please do not post incorrect information, see post #877 as an example on how things work and we have already stated that the money on the virtual cards are at St. Kitts
          Truth Teller

          Comment

          • DimeCash
            Confirmed User
            • Jun 2008
            • 118

            #1160
            Originally posted by Michael O
            Mr. Mallick is working to solve this situation with Visa.
            Understood but as the owner taking 5 minutes to write a personal post - direct from the horses mouth might make some people feel some level of comfort.

            [email protected]

            Comment

            • beta-tester
              Rock 'n Roll Baby!
              • Sep 2004
              • 22562

              #1161
              Originally posted by Michael O
              The money is in the bank in St Kitts see post #877 gives an good idea how things work.
              I read post #877, but still don't understand why you cannot transfer the money that EXISTS on account(s) to wallet, allowing the people get a hold of it. VISA can't by any means control the money in St Kittis bank accounts, which are essentially epassporte accounts, which are our accounts, through the middle men, tho...

              If the money is not forfeited by the bank, then there is really no reason for it to not be accessible right now in form of wire transfer, or direct withdrawal from the bank's branch.

              Sig for sale. Affordable prices. Contact me and get a great deal ;)

              My contact:
              ICQ: 944-320-46
              e-mail: manca {AT} HotFreeSex4All.com

              Comment

              • Evil-Dan
                Confirmed User
                • Mar 2006
                • 464

                #1162
                Originally posted by beta-tester
                I read post #877, but still don't understand why you cannot transfer the money that EXISTS on account(s) to wallet, allowing the people get a hold of it. VISA can't by any means control the money in St Kittis bank accounts, which are essentially epassporte accounts, which are our accounts, through the middle men, tho...

                If the money is not forfeited by the bank, then there is really no reason for it to not be accessible right now in form of wire transfer, or direct withdrawal from the bank's branch.
                here here
                Evil Is As Evil Does

                Comment

                • Tempest
                  Too lazy to set a custom title
                  • May 2004
                  • 10217

                  #1163
                  Originally posted by beta-tester
                  I read post #877, but still don't understand why you cannot transfer the money that EXISTS on account(s) to wallet, allowing the people get a hold of it. VISA can't by any means control the money in St Kittis bank accounts, which are essentially epassporte accounts, which are our accounts, through the middle men, tho...

                  If the money is not forfeited by the bank, then there is really no reason for it to not be accessible right now in form of wire transfer, or direct withdrawal from the bank's branch.
                  VV is like a prepaid debit card.. The money is "on" the card. Since the cards don't work now, there's no way to get it "off" the card.

                  Comment

                  • donkevlar
                    Confirmed User
                    • Sep 2006
                    • 4325

                    #1164
                    Originally posted by cam_girls
                    Fuck I've got 25MB bandwidth left. Broke and blind.

                    I am just utterly fucked, off to the Salvos, eating out of bins fucked.

                    No way to get my pay back on track whatsoever.

                    Wait I can spend $2 out of my $20 paypal coming in at the net cafe....

                    Shame walking from the park 10km to the cafe is really fucking painful when you don't have any food

                    Someone please send this poor fella some paypal so he can eat!
                    [email protected]

                    Comment

                    • Vick!
                      Confirmed User
                      • Nov 2005
                      • 6882

                      #1165
                      Originally posted by baddog
                      How many times should he answer these same questions?
                      Dude, are you serious? Do you want him or everyone to go post by post through 23+ pages to find answer to the question?

                      May be epassporte need to have answers on notepad and copy/paste in the thread? Or publish a quick FAQ for reference.

                      Affordable Quality Web Hosting

                      Comment

                      • Jdoughs
                        Confirmed User
                        • Mar 2004
                        • 5794

                        #1166
                        Originally posted by beta-tester
                        I read post #877, but still don't understand why you cannot transfer the money that EXISTS on account(s) to wallet, allowing the people get a hold of it. VISA can't by any means control the money in St Kittis bank accounts, which are essentially epassporte accounts, which are our accounts, through the middle men, tho...

                        If the money is not forfeited by the bank, then there is really no reason for it to not be accessible right now in form of wire transfer, or direct withdrawal from the bank's branch.
                        This has been gone over at least 100 times.
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                        Comment

                        • beta-tester
                          Rock 'n Roll Baby!
                          • Sep 2004
                          • 22562

                          #1167
                          No, the money can't be "on the card". That's just not possible. Money should be located somewhere, whether in electronic or physical form. it still has to exist somewhere, and that somwhere is not "cloud", it's the bank.

                          From post 877:

                          "At this moment this bank account is probably seized or suspended."

                          This is what scares me the most... if the bank's account that is connected to VISA is suspended then that's the serious problem!!

                          Sig for sale. Affordable prices. Contact me and get a great deal ;)

                          My contact:
                          ICQ: 944-320-46
                          e-mail: manca {AT} HotFreeSex4All.com

                          Comment

                          • Jdoughs
                            Confirmed User
                            • Mar 2004
                            • 5794

                            #1168
                            Originally posted by Vick!
                            Dude, are you serious? Do you want him or everyone to go post by post through 23+ pages to find answer to the question?

                            May be epassporte need to have answers on notepad and copy/paste in the thread? Or publish a quick FAQ for reference.

                            I'd much prefer them working on the issue, then answering the same question 40 times for people incapable of reading the answers.
                            LinkSpun - Premier Adult Link Trading Community - ICQ - 464/\281/\250
                            Be Seen By New Webmasters/Affiliates * Target out webmasters/affiliates based on niches your sites are for less than $20 a month.
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                            Comment

                            • Dating Port
                              Useless As Ever
                              • Jan 2009
                              • 731

                              #1169
                              Originally posted by nickutis
                              hehe I hope SOBV lost all their money in this epass drama
                              Stay tuned! SOBV to announce epass virtual payments!
                              Email: admin[at]datingport.co.uk - ICQ: 456416181
                              It's amazing what you (L)earn when you put some effort into it!

                              Comment

                              • Tempest
                                Too lazy to set a custom title
                                • May 2004
                                • 10217

                                #1170
                                Originally posted by beta-tester
                                No, the money can't be "on the card". That's just not possible. Money should be located somewhere, whether in electronic or physical form. it still has to exist somewhere, and that somwhere is not "cloud", it's the bank.

                                From post 877:

                                "At this moment this bank account is probably seized or suspended."

                                This is what scares me the most... if the bank's account that is connected to VISA is suspended then that's the serious problem!!
                                Technically the money is in a bank. But the mechanism for getting it "off" the card is on hold... If you had a credit on your regular CC and you lost it or it was broken, how would you get your money from the CC company when the standard way of getting it is lost. A new way would have to be set up, like they send you a cheque for example.

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