Quote:
Originally Posted by WiredGuy
This sounds like a whitelabel name of a bank providing the service. Kind of like epassporte and the bank in St-Kitts. Seems almost the same scenario to me.
WG
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But it would be clickcash and st kits, not clickcash -> epass -> st kits. Besides, a bank in a 3rd world country... why not a US bank that is insured ? or a bank local you can deal with.... that is a whole nother thread.
Here is my understanding, if I am wrong I am wrong.
from their website " The WebPowerfx® Prepaid Visa® card is issued by West Suburban Bank, Member FDIC, pursuant to a license from Visa U.S.A., Inc. "
I will have them clarify but it sounds like to me that they transfer the money to the bank, which then the funds go on to the cards. Opposed to sending the money to a company like epass and having them send the money to THEIR bank whch then puts the money on the cards. Seems less riskier to me for the sponsors to do it themselves vs sending to a middle man company that is not a bank.
If i am wrong, im wrong, fucking shoot me.
The way I read it, by sponsors doing something like this themselves it takes some risk out of the equation. Its one way transaction, not a huge company that has lots of p2p and other type transactions that could cause everyone's accounts to be suspended from one or a couple bad apples (what happen with webmaster checks???). I'm just looking for the least risky solution and sending money to some company to have them send to their bank... obviously that has flaws as we can see.
That is what I mean by cutting out the middle man. However a lot of people on here avoid risk by putting their hands over their eyes. So what ever, I tried to put out what I think would be a better solution JUST to SEND money from Sponsor to affiliate. This has nothing to do with p2p transactions, etc. If you need that then go with a company that provides it and take a risk with your balance there.