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-   -   DO NOT withdraw all your money from Epass (https://gfy.com/showthread.php?t=985766)

Choker 09-07-2010 04:43 AM

DO NOT withdraw all your money from Epass
 
If it's true wires and ACH withdrawals are going thru it is important that we don't make Epass insolvent. Withdraw half your money or just enough to make sure it is working. Just like any bank I highly doubt that Epass has enough cash to cover all the money in everyone's account at one time. We need Epass as much as they need us so let's support them by not taking everything out. As soon as I can confirm that ACH is working I will immedietly begin accepting epass payments again.

DEA - banned for life 09-07-2010 04:45 AM

Fuck that shit ! IF you can get your money...TAKE IT ALL Now!


epass didnt need your money to start there buissness..they shouldnt need your money to survive..

if my local bank didnt let me withdraw my funds for a week you think i would take out half when i could and leave the rest so my bank " MIGHT" make it in the future....ROFL ..thats some funny shit !!!!!!

SEE SIG -----v


.

Randy West 09-07-2010 04:47 AM

http://i.imgur.com/gY70V.jpg

Brad Mitchell 09-07-2010 04:54 AM

I just received 3 ACH withdrawl/deposits - appears to be business as usual so far on this side of things.

Brad

erooup 09-07-2010 05:01 AM

Quote:

Originally Posted by Choker (Post 17475236)
If it's true wires and ACH withdrawals are going thru it is important that we don't make Epass insolvent. Withdraw half your money or just enough to make sure it is working. Just like any bank I highly doubt that Epass has enough cash to cover all the money in everyone's account at one time. We need Epass as much as they need us so let's support them by not taking everything out. As soon as I can confirm that ACH is working I will immedietly begin accepting epass payments again.

Like Epassporte would do the same for you :1orglaugh:1orglaugh:1orglaugh

darksoul 09-07-2010 05:01 AM

they need to fix this as soon as possible.
With every day they're losing trust and that will be very hard to regain.

securedata 09-07-2010 05:05 AM

how can they be trusted with money when they give no updates

wizzart 09-07-2010 05:13 AM

Yes, this is 5th day, and all my optimism going away... but I still believe it will be happy end

spacedog 09-07-2010 05:18 AM

Quote:

Originally Posted by darksoul (Post 17475268)
they need to fix this as soon as possible.
With every day they're losing trust and that will be very hard to regain.

Today is the first business day after it's happened... It's been a long and frustrating weekend for everyone. Let's see what happens today. It's only 5:17am for ePassport

GetSCORECash 09-07-2010 05:19 AM

Brad, can you confirm it was from epass?

ottopottomouse 09-07-2010 05:28 AM

Quote:

Originally Posted by Choker (Post 17475236)
If it's true wires and ACH withdrawals are going thru it is important that we don't make Epass insolvent. Withdraw half your money or just enough to make sure it is working. Just like any bank I highly doubt that Epass has enough cash to cover all the money in everyone's account at one time. We need Epass as much as they need us so let's support them by not taking everything out. As soon as I can confirm that ACH is working I will immedietly begin accepting epass payments again.

Don't take all your money out let me get at mine first????

Inter-Sex 09-07-2010 05:29 AM

I understand every one is nervus and paranoid,
but we talking about business here.

Fact is, today is the first business day after the frozenday,
so peeps, stop please with being paranoid, and do your work like always.
I think we "need" to give it some businessdays. Just my 2 cents.

~ Renaldo,

(And yes, i have enough tied up in epass)

TheDA 09-07-2010 05:36 AM

I'd be pulling anything of worth out for sure.

DWB 09-07-2010 05:36 AM

Quote:

Originally Posted by Brad Mitchell (Post 17475254)
I just received 3 ACH withdrawl/deposits - appears to be business as usual so far on this side of things.

Brad

Brad comes through with a little light at the end of the tunnel. :thumbsup

minicivan 09-07-2010 05:37 AM

You should take all your money from epass because everyone is taking all they money from epass. Because all sponsors stop working with epass. They already done. Not taking you money would be stupider than having money in epass account to start with.

lagcam 09-07-2010 05:45 AM

I posted on one of the other hundred threads that I made a test withdrawal to registered debit card on Friday 3rd and it has already appeared on my UK bank statement dated 4th September (although I didn't look until today so I don't know if it arrived that day or was just back value dated).

Either way it proves the process is working, and I will continue to accept epassporte.

IllTestYourGirls 09-07-2010 05:46 AM

Quote:

Originally Posted by Brad Mitchell (Post 17475254)
I just received 3 ACH withdrawl/deposits - appears to be business as usual so far on this side of things.

Brad

I am assuming from epassporte or you would not have posted in this thread?

CaptainHowdy 09-07-2010 05:49 AM

Quote:

Originally Posted by minicivan (Post 17475335)
Because all sponsors stop working with epass.

?????????

jalami 09-07-2010 05:54 AM

Quote:

Originally Posted by Brad Mitchell (Post 17475254)
I just received 3 ACH withdrawl/deposits - appears to be business as usual so far on this side of things.

Brad

I can also confirm that this morning I just received an ACH withdrawal from my epass wallet that I asked for on Thursday night after hearing about the epass debacle.

Nikki_Licks 09-07-2010 05:54 AM

Quote:

Originally Posted by Choker (Post 17475236)
If it's true wires and ACH withdrawals are going thru it is important that we don't make Epass insolvent. Withdraw half your money or just enough to make sure it is working. Just like any bank I highly doubt that Epass has enough cash to cover all the money in everyone's account at one time. We need Epass as much as they need us so let's support them by not taking everything out. As soon as I can confirm that ACH is working I will immedietly begin accepting epass payments again.

Would you leave your money in a bank that these type of issues? I think most people would be at the door come the next business day of business, to withdraw their money.... :2 cents:

minicivan 09-07-2010 05:58 AM

Quote:

Originally Posted by CaptainHowdy (Post 17475361)
?????????

I mean that webmasters all change it as payment option for sponsor payments because of this. How ever you looking at it they are going to lose lot of business and that also make your money at risk when company is at risk as OP want to stop.

ladida 09-07-2010 05:58 AM

Quote:

Originally Posted by Choker (Post 17475236)
If it's true wires and ACH withdrawals are going thru it is important that we don't make Epass insolvent. Withdraw half your money or just enough to make sure it is working. Just like any bank I highly doubt that Epass has enough cash to cover all the money in everyone's account at one time. We need Epass as much as they need us so let's support them by not taking everything out. As soon as I can confirm that ACH is working I will immedietly begin accepting epass payments again.

You are missinformed. Epass is not a bank. They should, at all times, HAVE the whole money in the account. The banks go insolvent because they actually use your money to roll it and make more money, they give out loans etc etc. Epass has none of that. Why on earth would they be "insolvent" if everyone took out the money and epass was not doing shady shit.

IllTestYourGirls 09-07-2010 05:59 AM

Quote:

Originally Posted by jalami (Post 17475373)
I can also confirm that this morning I just received an ACH withdrawal from my epass wallet that I asked for on Thursday night after hearing about the epass debacle.

Kick ass!

signupdamnit 09-07-2010 06:05 AM

... And here we go 9am Eastern. I think the next 24 hours will determine the future of Epassporte. They'd be smart to fix this by then or at least release a statement with more details on why this happened. :2 cents:

anexsia 09-07-2010 06:05 AM

Quote:

Originally Posted by Choker (Post 17475236)
If it's true wires and ACH withdrawals are going thru it is important that we don't make Epass insolvent. Withdraw half your money or just enough to make sure it is working. Just like any bank I highly doubt that Epass has enough cash to cover all the money in everyone's account at one time. We need Epass as much as they need us so let's support them by not taking everything out. As soon as I can confirm that ACH is working I will immedietly begin accepting epass payments again.

Epassporte is not a bank. If I had a ton of money in there right now, I damn sure would be taking it all out asap...survival of the fittest.

e-god 09-07-2010 06:08 AM

Quote:

Originally Posted by minicivan (Post 17475335)
You should take all your money from epass because everyone is taking all they money from epass. Because all sponsors stop working with epass. They already done. Not taking you money would be stupider than having money in epass account to start with.

You would jump from the skyscraper if everyone is jumping?? It's just the herd instinct.

All sponsors just suspended their payouts to epass till issue will be solved and I have no doubt that everything will be fine.

Matyko 09-07-2010 06:19 AM

Quote:

Originally Posted by Brad Mitchell (Post 17475254)
I just received 3 ACH withdrawl/deposits - appears to be business as usual so far on this side of things.

Brad

Quote:

Originally Posted by jalami (Post 17475373)
I can also confirm that this morning I just received an ACH withdrawal from my epass wallet that I asked for on Thursday night after hearing about the epass debacle.




Sweeeet news!!! ;) :thumbsup :2 cents:

Agent 488 09-07-2010 06:27 AM

michael said this was the most correct post.

https://gfy.com/showpost.php?p=17464554&postcount=877

Quote:

Originally Posted by AdultEUhost (Post 17464554)
Visa debit cards are issued by Visa through financial institutions, mostly banks. These cards are linked to a corporate account which needs to be funded equally or more of the combined balances on the cards. So if you have 100 cards out there with a combined balance of let's say 50k, the bank who issued those cards has a bank account somewhere with a balance of 50k.

so they should have your deposit plus extra. our money should be safe.

they are not a bank lending money.

Jack Sparrow 09-07-2010 06:35 AM

Quote:

Originally Posted by Choker (Post 17475236)
If it's true wires and ACH withdrawals are going thru it is important that we don't make Epass insolvent. Withdraw half your money or just enough to make sure it is working. Just like any bank I highly doubt that Epass has enough cash to cover all the money in everyone's account at one time. We need Epass as much as they need us so let's support them by not taking everything out. As soon as I can confirm that ACH is working I will immedietly begin accepting epass payments again.

Fuck you dumbass.
I think I will decide if I take MY money out of there or not.

YOU will probably be the first guy cleaning your account dry, the second they post you can get to your funds.

I cant withdraw because i have everything on the vv, but if i where them, i would be cleaning it out right this minute.

Ps. not saying epass wont fix the problem, i hope they will, and i trust michael.

woj 09-07-2010 06:44 AM

Quote:

Originally Posted by jalami (Post 17475373)
I can also confirm that this morning I just received an ACH withdrawal from my epass wallet that I asked for on Thursday night after hearing about the epass debacle.

ACH withdrawals from the wallet seem fine, I received mine too :thumbsup

Sausage 09-07-2010 06:50 AM

Screw that ... the moment i can get my money out .. if i ever can ... I am getting it all out before others do. I could care less if epass goes down as long as I get my money first :)

I am concerned for the plight of my fellow webmaster as much as he is concerned for mine....

hawkadu 09-07-2010 06:50 AM

Great news that epass is still alive and sending transfers. I'm sure Chris Mallick will make it right!

artwilliams 09-07-2010 06:53 AM

Quote:

Originally Posted by Choker (Post 17475236)
If it's true wires and ACH withdrawals are going thru it is important that we don't make Epass insolvent. Withdraw half your money or just enough to make sure it is working. Just like any bank I highly doubt that Epass has enough cash to cover all the money in everyone's account at one time. We need Epass as much as they need us so let's support them by not taking everything out. As soon as I can confirm that ACH is working I will immedietly begin accepting epass payments again.

ePassporte is NOT a bank. It does not take customer deposits and make loans. Revenue is made solely by charging service fees. If it does not have enough money to pay all balances outstanding then something funny is going on. Please, correct me if I am wrong.

DEA - banned for life 09-07-2010 06:53 AM

Quote:

Originally Posted by Sausage (Post 17475505)
Screw that ... the moment i can get my money out .. if i ever can ... I am getting it all out before others do. I could care less if epass goes down as long as I get my money first :)

I am concerned for the plight of my fellow webmaster as much as he is concerned for mine....

by far the second best post in this thread:thumbsup...mine (#2)..being the first .





see sig---v

2intense 09-07-2010 06:57 AM

Quote:

Originally Posted by Randy West (Post 17475245)

:1orglaugh:1orglaugh

minicivan 09-07-2010 06:58 AM

Quote:

Originally Posted by e-god (Post 17475408)
You would jump from the skyscraper if everyone is jumping?? It's just the herd instinct.

All sponsors just suspended their payouts to epass till issue will be solved and I have no doubt that everything will be fine.

I am smart enough to not be caught on a leaking boat to begin with. I'm smart enough to get off when it obviously sinking. So many here love their cheap seat on the Titanic.

Agent 488 09-07-2010 06:58 AM

Quote:

Originally Posted by artwilliams (Post 17475516)
ePassporte is NOT a bank. It does not take customer deposits and make loans. Revenue is made solely by charging service fees. If it does not have enough money to pay all balances outstanding then something funny is going on. Please, correct me if I am wrong.

read my above post.

CaptainHowdy 09-07-2010 06:59 AM

Quote:

Originally Posted by hawkadu (Post 17475508)
Great news that epass is still alive and sending transfers. I'm sure Chris Mallick will make it right!

:thumbsup!

Fat Panda 09-07-2010 07:12 AM

fuck epassporte

quiet 09-07-2010 07:20 AM

yeah, there's a brillant idea.

DateDoc 09-07-2010 07:23 AM

Quote:

Originally Posted by ottopottomouse (Post 17475310)
Don't take all your money out let me get at mine first????

Sounds about right! Either that or - I have too much in epass so if you fuck epass you fuck me!

kacy 09-07-2010 07:24 AM

We also received ACH wire deposit today as well.

AFSC 09-07-2010 07:27 AM

Wonderful that widrawals from the wallet based system are working..... But the virtual Visa section is still frozen, so in reality nothing has changed. Michael said from the get go that wallet transfers were unaffected.... So glad to see he was on the money with that.problem remains we have no updates or timetables on the Visa system withdrawals. :-(

advrtz-chad 09-07-2010 07:29 AM

epass will be insolvent by the end by the end of the month. Nobody will use them ever again. I would grab your cash and run. If they were a real company they would be covering everyones cash that's in virtual visa's since its really not our problem. Knowing them they act like a bank and have leverages our cash a couple times over.

BIGTYMER 09-07-2010 07:31 AM

Quote:

Originally Posted by artwilliams (Post 17475516)
ePassporte is NOT a bank. It does not take customer deposits and make loans. Revenue is made solely by charging service fees. If it does not have enough money to pay all balances outstanding then something funny is going on. Please, correct me if I am wrong.

No, you're right. They make their money on processing and fees.

Net Money 09-07-2010 07:35 AM

Quote:

Originally Posted by artwilliams (Post 17475516)
ePassporte is NOT a bank. It does not take customer deposits and make loans. Revenue is made solely by charging service fees. If it does not have enough money to pay all balances outstanding then something funny is going on. Please, correct me if I am wrong.

BINGO !!! and the fact that they cannot wire or send a check right now for all funds leads me to believe that there is obviously WAY more to this BS visa story.:2 cents::2 cents:

The Duck 09-07-2010 07:44 AM

That is actually a pretty good idea. But I will not comply, epass fucked up and if this is the cannonball that will sink the ship so be it.

Barefootsies 09-07-2010 07:54 AM

This is the adult industry foo.

As you can see from the replies in this thread, the norm hold true. Every many for himself. Regardless of the long term outcomes of the company, or the ripple effect through the industry.

kristin 09-07-2010 08:21 AM

Quote:

Originally Posted by securedata (Post 17475273)
how can they be trusted with money when they give no updates

Because they probably aren't getting many updates either - it was a long, holiday weekend. I'm pretty sure the VISA department they need was enjoying their time off.

Jman 09-07-2010 08:34 AM

No need as all the money froze in VV by EPASSPORTE and not Visa will cover their ass. Why do you think we can't USE their in house transfer system to transfer money in VV to Wallet???


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