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?). 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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A company I worked for used to pay their bills after 90 days yet they demanded payment of theirs within 30. The money was placed and interest was made. When millions are being played with there is a nice profit to be made just by doing this.