Quote:
Originally Posted by CashX
Hi there... WCT is our sister company that we have that looks after our Remittance business through it's worldwide Agent network. Soon, you will be able to send funds directly from your CashX eWallet account to an Agent location throughout the world. Great if you want to send money to a family member or friend.
We use Moneybookers to process our eWallet credit card transactions as they are one of the best in the world for fraud detection. They are also an option for eBay for processing payments, so hey, whats good for eBay is good for CashX!
Your account will say verified when you upload your Photo ID for the CashX Prepaid card, but if you want to use your bank account, you need to verify that with the mini deposits that we send. We also send out an Address verification letter in the US to comply with the BSA act. Taking your address off a Drivers License is not good enough for the gov.
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No disrespect intended but I feel like your answer beat around the bush for every question I asked aside from the address verification and account verified portions of my last post.
That's pretty much shooting themselves in the foot (in re: to not being good enough for the gov), isn't it? They issue IDs based on your identity and address information, you can walk into any US bank and get an account with your ID and social, but yet your ID isn't good enough for the gov when it comes to an online account thru a company who doesn't ask for your social security number, but yet wants 2 forms of address verification?
Again, what happens if Moneybookers folds or gets shut down by the gov due to its affiliation with online gambling sites? If they're your mastercard processor and they're the ones who handle the funds on the mastercard side of things, is my card yet another broke POS like epass card is? I see all this blah blah blah about money laundering when I go to the moneybookers site, but if another user already reported an issue while trying to load their cashx account thru their credit card, who's to say that more issues won't arise in the future?
And finally, again, what about these steep fees? I know a lot of people are going to be turned off simply by the fees. We knwo how companies like this make a majority of their money, can we cut back on the sharking for a second to provide a potentially large group of users with more cost-friendly payment solutions?