Epassporte - will this have an affect on the big firms? - GoFuckYourself.com

DVTimes · 09-03-2010, 01:26 AM

Do the big firms have money locked into Epassporte, and as such could loose a fortune, or will most have the cash safe and simply post out checks?

k0nr4d · 09-03-2010, 01:31 AM

There are people with enough for a house stuck in there. I personally only have just over 2k in there so not too bad. There has definately been a swing away from epass the last couple of months. Less and less people buying scripts with epass, everyone wanted to pay by wire. I guess this is because of all those sponsors dieing off so less people had cash on hand on epass.

As for being locked, I doubt visa just pulls the plug on people like that with 0 warning. They would be opening themselves up to a lawsuit if they essentially ended epassporte because they arbitrarily decided to pull the plug. They must have some sort of contract or agreement... I suspect something else is up, or they do know why it got pulled but they aren't saying. This is all just speculation and conspiracy theory of course, who knows...maybe its all true and maybe tomorrow we'll all have our money back.

Raja · 09-03-2010, 01:40 AM

I believe most companies kept money in the virtual wallet not virtual visa since they don't need to use Epass funds for day to day business or living.

Jack Sparrow · 09-03-2010, 01:41 AM

I have a companies worth of money on the virtual, great.

DVTimes · 09-03-2010, 01:45 AM

To be honest I presumed people would not keep cash in.

I presumed firms just would pay in cash when they were paying people out.

Could this realy affect big sites?

epitome · 09-03-2010, 02:08 AM

Programs may keep some cash in there for ad buys with webmasters and misc. stuff but for every program that I am familiar with how they operate, they load by wire each time before sending out bulk affiliate payments.

Of course, not every program is the same ... one may be out $500, another $5,000 and another $275,000.

Paul Markham · 09-03-2010, 02:16 AM

A lot of companies got burned with the Webmasters Checks issue, now this. It will effect many.

Konda · 09-03-2010, 02:24 AM

Quote:

Originally Posted by Paul Markham

A lot of companies got burned with the Webmasters Checks issue, now this. It will effect many.

Not just because of Epass, but also some big affiliate programs actually did their processing to that same bank, they are in trouble as well I guess.

DVTimes · 09-03-2010, 02:26 AM

Question: is this becase its adult?

If so, could visa stop dealing with ccbill and others?

Gambit · 09-03-2010, 02:29 AM

Quote:

Originally Posted by DVTimes

Question: is this becase its adult?

If so, could visa stop dealing with ccbill and others?

More likely the gambling side of things i would think

V_RocKs · 09-03-2010, 02:39 AM

This sucks... ass...

09-03-2010, 01:26 AM	#1
DVTimes xxx Industry Role: Join Date: Jun 2003 Location: UK Posts: 31,544	Epassporte - will this have an affect on the big firms? Do the big firms have money locked into Epassporte, and as such could loose a fortune, or will most have the cash safe and simply post out checks? __________________ The Affiliate Program

09-03-2010, 01:31 AM	#2
k0nr4d Confirmed User Industry Role: Join Date: Aug 2006 Location: Poland Posts: 9,228	There are people with enough for a house stuck in there. I personally only have just over 2k in there so not too bad. There has definately been a swing away from epass the last couple of months. Less and less people buying scripts with epass, everyone wanted to pay by wire. I guess this is because of all those sponsors dieing off so less people had cash on hand on epass. As for being locked, I doubt visa just pulls the plug on people like that with 0 warning. They would be opening themselves up to a lawsuit if they essentially ended epassporte because they arbitrarily decided to pull the plug. They must have some sort of contract or agreement... I suspect something else is up, or they do know why it got pulled but they aren't saying. This is all just speculation and conspiracy theory of course, who knows...maybe its all true and maybe tomorrow we'll all have our money back. __________________ Mechanical Bunny Media Mechbunny Tube Script \| Mechbunny Webcam Aggregator Script \| Custom Web Development

09-03-2010, 01:40 AM	#3
Raja Confirmed User Industry Role: Join Date: Jul 2004 Location: Santa Margarita Posts: 1,094	I believe most companies kept money in the virtual wallet not virtual visa since they don't need to use Epass funds for day to day business or living. __________________ Skype: hollywoodraja

09-03-2010, 01:45 AM	#5
DVTimes xxx Industry Role: Join Date: Jun 2003 Location: UK Posts: 31,544	To be honest I presumed people would not keep cash in. I presumed firms just would pay in cash when they were paying people out. Could this realy affect big sites? __________________ The Affiliate Program

09-03-2010, 02:16 AM	#7
Paul Markham Too old to care Industry Role: Join Date: Jun 2001 Location: On the sofa, watching TV or doing my jigsaws. Posts: 52,943	A lot of companies got burned with the Webmasters Checks issue, now this. It will effect many. __________________ Blowout deal. 880 videos, 2,400 image sets, plus many RAW videos. $500. PM me for a deal. Skype Paulmarkham70

09-03-2010, 01:41 AM	#4
Jack Sparrow Almost goners.. Industry Role: Join Date: May 2008 Location: Netherlands Posts: 11,420	I have a companies worth of money on the virtual, great.

09-03-2010, 02:08 AM	#6
epitome So Fucking Lame Industry Role: Join Date: Jun 2009 Location: St. Petersburg, FL Posts: 12,158	Programs may keep some cash in there for ad buys with webmasters and misc. stuff but for every program that I am familiar with how they operate, they load by wire each time before sending out bulk affiliate payments. Of course, not every program is the same ... one may be out $500, another $5,000 and another $275,000.

09-03-2010, 02:26 AM	#9
DVTimes xxx Industry Role: Join Date: Jun 2003 Location: UK Posts: 31,544	Question: is this becase its adult? If so, could visa stop dealing with ccbill and others? __________________ The Affiliate Program

09-03-2010, 02:39 AM	#11
V_RocKs Damn Right I Kiss Ass! Industry Role: Join Date: Dec 2003 Location: Cowtown, USA Posts: 32,391	This sucks... ass...