EPASSPORTE - cliffnotes
 

Just noticed this in a pornsites TOS for paycom..
Whats a gift site ?
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GIFT SITE AND GIFT EPASSPORTE VISA

If you are offered a gift site and a gift ePassporte Visa, you accept that offer and you meet the eligibility requirements for the offer, then the following applies to you:

A marketing company will purchase an ePassporte Virtual Visa account on your behalf. An ePassporte Virtual Visa is a pre-paid Visa product that allows you to purchase goods and services over the Internet. Because it is a pre-paid Visa product, the creation of the ePassporte Virtual Visa will not affect your credit rating, extend any credit to you, nor incur any debt in your name.

By accepting the offer you agree that the marketing company and ePassporte may receive personal data about you (which data will NOT include the account number you use to purchase a membership from the Company), create an ePassporte Visa on your behalf, facilitate the transaction processing for your membership to the Gift Site and send communications to you. Also, by accepting this offer, you agree to ePassporte's Terms and Conditions.

Once an ePassporte Virtual Visa has been created on your behalf, each month that the Gift Site membership remains active the marketing company will load sufficient funds onto the account to cover all costs of the Gift Site. Paycom will bill you for that Gift Site membership immediately upon the loading of the funds. In addition, however, the marketing company will load additional funds onto the Visa that you can spend anywhere on the Internet in order to give you a chance to become familiar with the ePassporte Virtual Visa's features and functions. All of the additional funds loaded onto the card belong to you.

The marketing company shall have the right to cease loading funds onto your ePassporte Visa at its sole and absolute discretion, without notice, and with or without cause. But, if it ceases loading funds onto your ePassporte Visa, you will NOT receive any additional charges for the Gift Site, and the Gift Site membership will expire.

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nobody knows ?

drama? :)

well its hard to tell but heres what it looks like to me..

It looks like they are making surfers who opt for the cross sales , each get an epassporte account , then the rebills are treated like "loads" to the epassporte account, making them basically like "cash advances" on your credit card , not like actual purchases. and i think making chargebacks impossible.. so they can keep chargebacks at 0%

but i'm not sure thats exactly kosher with visa. isn't this asking for trouble ?

it's in that epasporte-paycam drama thread from a few weeks ago. It is/was to reduce paycoms cb ratio.

Who knows if it's kosher with visa, but then again look at epoch collectively as a company (or any adult aggregator for that matter)

From how it was explained to me, your theory is correct. They are actually setting up epass accounts for surfers.

That's a crime.

Someone brought this up before. It was also mention this is what ibill did with the gkard thing.

Im pretty sure this came up a few weeks ago.

Its not really drama - it just reinforses that Epass is just for backup and not to replace normal banking.

hmm i guess i must have missed the other thread.. im not trying to point fingers at epassporte , i'm just curious about how it works.. , seems a tad shady

It's the kind of scheme which can only seem like a good idea to someone who is dumb enough to believe that everyone at Visa is either asleep or brain dead. I don't really see ePassporte being directly responsible for this or likely to be damaged by it: I would be a lot more worried about working with a payment processor willing to risk their business with such a blatant attempt at an end run around Visia's policies.

It was Shap, wasn't he?

maybe thats why they split ?

Killer idea..

i was especially interested in this part

" In addition, however, the marketing company will load additional funds onto the Visa that you can spend anywhere on the Internet in order to give you a chance to become familiar with the ePassporte Virtual Visa's features and functions. All of the additional funds loaded onto the card belong to you.
"

Does that mean the marketting company ( i.e. pornsite ) will charge the rebill AND take some money and put it on the epassporte card for you.. But it doesnt really disclose how much.

I dont know but to the layperson that sounds ultra shady

seems weird for sure, Don't think it would make Visa to happy.