Quote:
Originally Posted by TylerBang
I was with you until I started to question the eWallet feature.
"Payments leaving the business are typically transferred internally to a pseudo bank account located in the company?s home bank(curacao?). The eWallet funding account is a pooled account of all payments made to all of the payees. Funds in the eWallet funding account are still under the of the company until they are moved by the eWallet accountholder. Global Payout eWallet August 2009"
http://www.slideshare.net/leonardgib...wallet-2728247
At what point did we give permission to send our money outside the stability of the Visa Intl. system? At the point that epass told us our cards were in danger and we needed to move it into the "wallet" for safety. |
This is what all of these services do, they pool the funds into one bank account that draws interest for them. In the USA I am almost 100% positive that they are required to keep the funds intact 100% to be legal. Considering how epassporte is setup I have no idea if it is true for them. My argument was with the statement that "omg, they have to steal your money to stay in business!" That is b/s and it would make the whole thing a ponzi scheme which is explicitly illegal.
__________________
Hands Free Adult - Join Once, Earn For Life
"I try to make a habit of bouncing my eyes up to the face of a beautiful woman, and often repeat “not mine” in my head or even verbally. She’s not mine. God has her set aside. She’s not mine. She’s His little girl, and she needs me to fight for her by keeping my eyes where they should be."