Epoch stops paying via ePassporte
 

Just received this email:

"We would like to inform you that Epoch Systems and Paycom EU will no longer offer ePassporte as a method of payment disbursement. This change is effective immediately.

If you are a client of Epoch Systems or Paycom EU who currently receives payment disbursements via ePassporte, please contact [email protected] to make other payment arrangements.

Epoch Systems and Paycom EU are committed to providing the most reliable and valuable services to its clients by focusing on products and features that ensure continued long-term stability for your business. "

the last paragraph is great...


If anyone ever wants to form a partnership or consortium to start another adult payment service let me know. If a few of the large programs got together and put up money for shares we could start a good one.

Our model payments are probably enough to justify us starting a service but we don't have enough banking experience or contacts

oop, nevermind :winkwink:

Did they send this via email or did I miss something?

I just received it via email. Not sure if it only affects EU clients, as the mail was from [email protected]

uh... doesn't epoch/paycom OWN epassporte?

No, they split

I thought they split a few months ago

They parted ways... Chris Mallick kept epass.

This sucks for the webmasters programs using epassporte to pay webmasters. I bet the costs will be a lot higher from now on for them...

They split, but it's still ridiculous that they won't pay by ePp anymore. Everyone at paycom used to praise epassporte.

I guess a service is a good as its owner

You have no idea how pathetic ePassporte's customer service is for both business and personal account holders, not to mention their user interface

What kind of service doesn't even give you access to proper statements or lets you view transaction details? The only way to view transation details is to scroll through emails... All they need to do is login to Paypal's site and see how it is done

Any ePass alternative would have to be offshore owned.

Can't have the IRS demanding user data ya know.

wow. i smell drama lurking in the air

OMFG!!! This is the best news ever! :thumbsup I really, really hope another (adult friendly) payment service comes online! More competition for epass and less fees and better customer service for us!

still, its kind of silly for affiliates not to offer epass.... so many people use it for thier primary payment system

FUCK! That's lame.... gonna have to change our epassporte affiliate payout scheme now. Charge for it, and raise minimum payouts or something. So fucking lame.

Again, if there is anyone with banking experience or contacts who would like to start a service we are perfectly willing to consider an initial investment.

We would like to have a few large affiliate programs on board (who would pay their affiliates via the service) to get the ball rolling. Perhaps an equity share for doing this would be incentive. Contact me if interested.

We would start it completely ourselves but wouldn't know how to go about it. The main issue is the debit cards

What about funds2go - could that not be viable replacement?

damn.....

Goto your account and click through to your online statement and at the bottom of your load limits table is a link to view transaction details.

If you need your transaction history for a longer period than the one showed in your account please email me the desired date range and I will make sure tis sent to you.

Yet they have no problems randomly giving away $1000 every month...

boo @ paycom

where is that system Chio was developing? that was supposed to be in beta testing by now wasn't it?

What is good news?

Hes a pirate for crying out loud..

Sweeping the dirt under the rug. :Graucho

:1orglaugh :1orglaugh :1orglaugh

I don't think this anything to do with paying affiliates via ePassporte.
If Paycom were paying your funds each month via ePass, then this will stop.
Most affilites are not a client of PaycomEU - site owners are the clients.

I guess starting with a valid offshore banking license is about $50k.

Who should be contacted regarding this??
I think this could have our interest as we have already been planning a smaller system for our own webmasters :thumbsup
Mail: due (AT) global-acces.com

I am interested in the development of a service similar with this. I have a partner that developed this system: http://www.treocard.com/

Based on this I think that a system like the one you want can be developed and most important based on the legal experience aquired while developing it.

Egomancer

Issuing a card like epassporte would be a must, so either a banking license like mentioned above or setting up a capital management company is needed.

Costs for only capital management is around of $25k, but you'll have to find a cooperating bank.


I think, that's also what epassporte is doing, as they're set up on the Netherland Antilles and their cards are issued by St.Kitts-Nevis-Anguilla National Bank.


For european banking staff, please contact me at bhs {at} adutainment.biz.

This is pretty shitty to hear.
I really love my epass payments and haven't had a prob with
them yet.
But the way things are going I will prolly get my share sooner or later.
They really need some competition.

I'd like to know if this is true.

correct. It just now cuts out the automation for site owners, and increases the cost of paying via epassporte by 3 fold (wire out, wire in, wire out, wire in)

Cool. :thumbsup

St. Kitts Nevis Bank actually issues the cards. The way I understand it ePassporte simply ties into their switch so when someone accesses transactions, it debits their account with ePassporte.. basically the issuing bank checks with ePassporte to make sure the person has funds in their account, and if they do, they debit them or settle with ePassporte regularly, somehow.. This is the part we are not familiar with. We are perfectly capable of coding the system, etc.

We just don't have any banking relationships, which is why we would need either consulting from someone who does or would be interested in developing a partnership with someone who can bring things to the table (i.e. equity as well as knowledge).

The way I understand it is you do not have to have a commercial banking license to start a service like this, you just have to have a bank that will allow you to co-brand their cards and tie into their switch, as far as I understand it

1) Why would you not allow everyone to access all of their transactions? Paypal has transactions from 5 years ago.

2) As far as I'm aware, there is no way to see transaction DETAIL. i.e. with Paypal you can click on a transaction, see the transaction notes, reason for payment, comments, etc.

It just makes absolutely no sense why these two things are not in place on a payment system. I know you are trying Keyser but I guess your hands are tied with a pathetic system.

You are right, with some capital management license you're allowed to take money from customers.

Banking license makes it possible to issue your own cards.

Just to clarify for anyone who isn't understanding, this doesn't mean affiliate programs who use Epoch won't be able to pay you with ePassporte. All it means is Epoch will have to send the programs money via wire or check instead of ePassporte, in which case, they will have to send a wire to ePassporte and then in turn to you. It's really no big deal for affiliates, I just thought the fact that Epoch alluded to ePassporte being unreliable and not fitting Epoch's desire for 'long term stability for clients'

looks like we will have soon some new comp. to epass :)

Oh, crap... I think, it's a big problem for us. :Oh crap

hope this will affect only paysites owners,not webmasters

creating an epass equivalent would be hard

Now we pay to ePass for 0$, but, I think, we change rate to 2$ or 5$.
May be not. We have no any comments from ePassporte about that situation.

Not to sound like a dick, but starting a competitive business operation just because you are not satisfied with the current one you are using is not wise thing. Aside costs involved, capital and knowledge required (even if these are limited) do you have any actual data of the profits epassporte generates for their shareholders at this given moment by having most adult aff. programs on board as clients? My estimation is minimal if any and this doesn't seem an attractive business venture. Epassporte's destiny to generate big profits is taking netteler's path, but this is another chapter.

1. its something that is being worked on.
2. check the email for details if the sender left any.