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Originally Posted by Kenny B!
I did meet with Octav, he has invited me to meet with one of the backers who is a lawyer in Montreal but I haven't had time with holidays and moving hosts. I will be setting up a meeting later this month hopefully.
As for cards I was given a test card and it worked at a few restaurants and at the atm with no issues. I was amazed that not a single person asked me for ID, the name on the card actually said "test" lol.
With that said, if you decide to use Paxum or anyone else in the e-wallet game I hope you've learned your lesson and won't keep a balance. I don't thinks any of these processors or money handlers open up with the intentions of fucking people but along the lines something goes wrong. Just protect yourself so if something does go wrong, you limit your liabilities.
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the people who were using it as a bank, yeah I agree I hope the learned their lesson. But there is still a big risk using these companies even if you with draw out the daily max.
Although, simply saying just transfer the money out right away still wont reduce all of your chances of getting screwed.
1. For program owners like yourself, how many companies had just loaded up their epass to send out payments but it got locked down? I heard a bunch of companies say they transfered a LOT of money to epass but then the wallet was frozen before they could send it out to affiliates (bad timing, probably not).
2. The daily limit is just that, daily. Most companies send checks weekly or bi weekly not daily. For the affiliates that actually make some decent money they will need more than 1 or even 2 days after they receive a payment to with draw it out.
3. Even if you intend to with draw the money "right away" it doesn't always happen like that, everyone can't run to an ATM the second the money is transfered.
While epass screwed a lot of people with bad intentions (using it to beat taxes) and people that used it as a bank, there were a lot of people who just got caught do to circumstances (timing and limits). The same thing can still happen with any of these companies even with the best intentions. It is best to go with the company that you feel most confident with to try to reduce your risk as much as possible of getting screwed.