Is it Safe To Keep Money At Epassporte?
 

I'm talking 10s of $1000s. I've heard people say that they withdraw the money as quickly as they can and that "it would be crazy to keep any significant money at EP".

Obviously the money is not FDIC insured. Is the money in EP accounts insured at all? EP itself is offshore and the card issuing bank is offshore. It's hard to find any information on EP's financial strength as it's a privately held company and they don't seem to be the talkative type.

What's your take guys?

no it's not safe to keep 10's of 1000's of dollars there

you answered your question right there

regardless, I wouldn't, and never do...as soon as that money hits my epass I withdrawal it into my bank

My take would be that if you leave 10s of $1,000s in there and it 'disappears' that you have no one but yourself to blame.

:)

I wouldn't keep any more than you are comfortable losing...

Personally I don't really trust an online offshore solution to keep my money safe, I keep about 1k in my epass for liquidity purposes, but the rest either gets withdrawn or moved over to paypal.

10k in epass

no thanks - phishing hackers plus anything over 5k you gotta file an OK to epass due to TOS

its ok for a 1000 or so to buy sell small stuff imho

I keep over $10k in a far more risky online payment solution than epass, heh

there's always a risk but IMO the risk that epassporte goes down or disappears with your money, is minimal

the only problems are with freezing of individual accounts or lack of customer service

never safe to keep to much money anywhere :2 cents:
Except in my house in a safe, get threww the rottweilers and my gun ok then you can have it

Ok a bank can go bankrupt but if someone gets to know how much money you have, believe me that the person becomes able to pass your dogs and your weapon...

Money moves the world for a long time now...

How do you move it to PP? Do you ask people to do money exchanges or do you do it by yourself?

As already mentioned: If by "safe", you mean "I won't spend it.", then, yes.

Of course it is safe!

http://www.blauhausblog.com/images/baghdad-bob.gif

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The correct answer is this: Money that isn't in an FDIC insured account isn't "secure" in any meaningful way. You should take action to remove that money from your account and keep no more than a couple of times of the multiple of your transaction limit in the account.

Until the money is in your hand or in your REAL bank account, it is at risk... and certainly not earning you any more. If you like taking risks, bring the money in and open a stock trading account, and at least enjoy playing with it.

True very true , but its in anything somebody wants something bad enough they are gonna get it regardless

I never lost sleep having money in my epass. I still always have a few k in it

Keep only that amount which you can afford to loose. Its as simple.