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Originally Posted by DamageX
At this point, the only reason why Epassporte is still in business is the lack of competition. Trust me when I say this, Epassporte would've never taken off, had PayPal still allowed adult. And it's gonna get knocked on its ass the minute more competition enters the market, even if it may be even worse. Epassporte, albeit a widely used service, is a very weak brand.
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I'm not sure why epassporte does not see this, and proactively work to retain their current business.
Keyser, this is a pointed question:
What does management not understand about your service being a simple commodity?
I'll stick to the facts, and leave peoples' opinions and experiences out of this.
- The money kept in epassporte accounts is not FDIC insured.
- It yields no interest, but has all of the risk (and more) associated with a traditional money market account available via PayPal et al.
- There is a 5% fee to load the account.
- More than one bank regards it as an illegitimate service. Like gaming transactions, many banks deny epassporte transactions.
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Epassporte has no unique value proposition. If another service comes along with: a trusted name backing it, lower transaction fees, higher (or any) interest, and good banking relationships - epassporte will simply vanish and be forgotten.
The adult business will leave you as quickly as they can migrate, and there's no room for you in mainstream.