Quote:
Originally Posted by k0nr4d
I doubt epassporte makes its money on the little fees and whatnot. 50 cents per transfer? A few bucks for card renewals? How many transactions can possible go through their system a day?
My opinion is Epass likely keeps a certain % reserve to pay out ATMs, and invests the rest like any other bank or pseudo bank. Invests into currencies, companies (like oxymoron productions for instance?).
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That would be illegal without mentioning this in user agreement. They are not a real bank. They could still do this illegally, but I doubt it would go undiscovered for that long.
Quote:
Originally Posted by k0nr4d
The reserves probably fell below this certain %, and the bank requested from Visa that it shut down it's visa cards.
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Doubt that as well. Bank does not need a VISA to shut the cards down. They can just block the balance on account. Transaction will not go through.