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Discuss what's fucking going on, and which programs are best and worst. One-time "program" announcements from "established" webmasters are allowed. |
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#351 |
Confirmed User
Join Date: Dec 2001
Location: The Great USA
Posts: 1,632
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Exactly. There was absolutely NO news given at all, just more of the same side stepping dancing.
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#352 |
Confirmed User
Industry Role:
Join Date: Aug 2006
Location: Poland
Posts: 9,228
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I doubt epassporte makes its money on the little fees and whatnot. 50 cents per transfer? A few bucks for card renewals? How many transactions can possible go through their system a day?
My opinion is Epass likely keeps a certain % reserve to pay out ATMs, and invests the rest like any other bank or pseudo bank. Invests into currencies, companies (like oxymoron productions for instance?). The reserves probably fell below this certain %, and the bank requested from Visa that it shut down it's visa cards. Why can't we transfer from the VV to the Wallet? Visa says that epass and SKNA has control over the funds, not them, so it's not visa locking it. If the funds from VV and Wallet are stored in two different banks, then there is no chance that they are physically moved when you do a transfer because they would get eaten alive with wire fees. It is far more likely that the money is moved around a database, and batch wires are done once or even a couple of times a day. This suggests SKNA has a lock on the VV account to make sure the balance doesn't go further below the required %. All in all, this is a fucked up situation and I would be weary even if you do get wires and ach transfers coming through. I say if you can get your money out, get it all out ASAP. With the cards not working, there is little reason for anyone to load their accounts and the amount of money circulating in the system between those still accepting this is finite. This is all of course my speculation with nothing to back it up other then my own logic, but at least it gives the people refreshing the epass threads something to read and gets some stuff off my mind.
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#353 |
Confirmed User
Industry Role:
Join Date: Nov 2005
Posts: 1,300
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#354 | |
Registered User
Industry Role:
Join Date: Oct 2009
Posts: 2,653
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#355 |
Confirmed User
Industry Role:
Join Date: Jun 2003
Location: Vancouver
Posts: 205
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Is there a limit on how much you can transfer via credit card? I know its prob been asked million times but to lazy to search for it.
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#356 |
Webmaster Extraordinaire
Industry Role:
Join Date: Jul 2002
Location: A beautiful beach...
Posts: 10,740
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hoping this gets solved soon. I have some money stuck in there, and lots of my clients have large sums stuck as well, so it affects my work volume.
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#357 | |
Confirmed User
Join Date: Feb 2005
Posts: 482
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Quote:
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#358 | |
Confirmed User
Join Date: Mar 2008
Location: London, Saint-Tropez, Bermuda, Moscow
Posts: 5,289
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#359 |
Confirmed User
Join Date: Apr 2005
Posts: 200
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#360 |
Confirmed User
Industry Role:
Join Date: Oct 2004
Posts: 145
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![]() a Chapter 11 might be coming
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#361 |
Confirmed User
Industry Role:
Join Date: Aug 2009
Posts: 2,346
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http://www.google.com/profiles/ChristopherMallick
http://www.facebook.com/people/Chris...ick/1095914860 http://order.1and1.com/dcjump?ac=OM....is-mallick.com domain is available.
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#362 | |
Confirmed User
Industry Role:
Join Date: Aug 2001
Posts: 832
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Quote:
Then the St. Kitts bank asks VISA to cancel the cards as there are not sufficient funds to cover them. Sounds logical to me. Any bank would suspend their issued payment cards if the account holder violates the agreed minimum balance on his account. |
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#363 |
Confirmed User
Industry Role:
Join Date: Aug 2006
Location: Poland
Posts: 9,228
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HAHAHA, That's too perfect for his next movie
Exxxit: Life After Porn (2009) (post-production) (producer) http://www.imdb.com/title/tt1291547/
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#364 | |
Registered User
Industry Role:
Join Date: Oct 2009
Posts: 2,653
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Quote:
PRODUCER at OXYMORON ENTERTAINMENT I guess MiddleMen was supposedly an "oxymoron" of an entertainment piece... |
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#365 | |
Confirmed User
Join Date: Feb 2005
Posts: 482
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Quote:
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#366 |
Confirmed User
Industry Role:
Join Date: May 2002
Location: Toronto
Posts: 8,478
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Could we get some screenshots showing that our funds are safe or...?
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#367 | |
Confirmed User
Join Date: Feb 2005
Posts: 482
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Quote:
Yeah let's see a bank statement. Ah...well not photoshoped of course. ![]()
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#368 |
So Fucking What?
Industry Role:
Join Date: Feb 2008
Posts: 22,251
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#369 | |
Confirmed User
Join Date: Oct 2002
Posts: 823
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Quote:
Doubt that as well. Bank does not need a VISA to shut the cards down. They can just block the balance on account. Transaction will not go through.
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#370 | |
Confirmed User
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Join Date: Jul 2010
Posts: 519
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Quote:
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DESIGN IS FILTHY DESIGN DEALS + ICQ:624499299 + designs {at} designisfilthy.com $8 BANNER DESIGN | $299 for 50 BANNERS | $449 for 100 BANNERS $15 DOLLAR GALLERY DESIGN | $129 for 10 GALLERIES | $199 for 20 GALLERIES |
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#371 |
Confirmed User
Join Date: Nov 2003
Location: The Buck Starts Here
Posts: 5,779
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Honestly, after reading that statement, there is no way he wrote it...so the question is, is Mr. Mallick even around anymore or did he high tail it out of the country?
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#372 | |
Confirmed User
Join Date: Oct 2002
Posts: 823
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Quote:
It's all quite obvious.
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#373 |
Confirmed User
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Join Date: Nov 2005
Location: 20 00'24.00" N, 75 09'00.00 W
Posts: 6,882
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Thanks for the update Micheal. I am sure you guys will get things sorted.
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#374 |
Confirmed User
Join Date: Oct 2001
Posts: 1,505
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he seems to have many close friends when doing a history search on here - but none of his close friends have posted anything regarding this situation.
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#375 | |
Octopus Anime
Industry Role:
Join Date: Sep 2007
Location: Chicago
Posts: 1,062
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Quote:
He expected a quick double up using epassporte customers as the investors and failed miserably. The numbers you see in your account are just that, numbers.. There is no cash backing them. ![]() |
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#376 |
Confirmed User
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Join Date: Jun 2004
Location: Las Vegas
Posts: 6,116
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I hate people who dont read threads they just post shit like this asshole above(Vick!)
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#377 | |
Confirmed User
Join Date: Oct 2002
Posts: 823
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Quote:
Not that I'm not worrying about my money, but it's just fascinating to watch all those conspiracy theories being born every hour
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#378 |
Confirmed User
Join Date: Aug 2004
Location: On The Edge
Posts: 7,992
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Agreed. I don't know who wrote it, but it was not written by Mallick, an attorney, or any professional PR person.
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#379 | |
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Join Date: Oct 2005
Location: + ENGLAND
Posts: 499
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#380 |
Confirmed User
Join Date: Nov 2003
Location: Prague
Posts: 2,732
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Time frame would be great for when Visa cards will work again or new cards will be issued from other bank or whatever: days, weeks, months?
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#381 |
Confirmed User
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Join Date: Nov 2005
Location: Spain :)
Posts: 2,231
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#382 |
Confirmed User
Join Date: Feb 2005
Posts: 482
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Indeed Visa made it perfectly clear on who, what and where....
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#383 |
Octopus Anime
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Join Date: Sep 2007
Location: Chicago
Posts: 1,062
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#384 |
Confirmed User
Join Date: Nov 2003
Location: The Buck Starts Here
Posts: 5,779
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Under the circumstances can you blame them? I am sure many don't want people to judge them by Chris' actions, or lack there of. If this turns out badly, which I assume it will, none of the stink will stick to them. Friendship is one thing, risking your reputation to support them when you are not sure they deserve that support is another.
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#385 |
Confirmed User
Join Date: Aug 2004
Location: On The Edge
Posts: 7,992
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I have no idea what the reason is, but the wording does not sound like what a high level businessman or someone representing him would use.
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#386 | |
Confirmed User
Join Date: Feb 2005
Posts: 482
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Quote:
The first sentence struck me to be odd "....as of today we still have received no good basis for it."
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I am NOT Godaddy! Most excellent Domains & Cheap Hosting “Buy an iPad, kill a Chinaman” - Brendan O’Neill |
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#387 | |
Confirmed User
Join Date: Nov 2003
Location: The Buck Starts Here
Posts: 5,779
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Quote:
So it is very possible that someone like Chris could leave the country and his staff carry on as usual believing everything is ok and not knowing what the entire story is. Take Michael for example. He has stated he knows nothing more than we do. Has he physically seen Chris since this situation happened? I highly doubt it. This is the Internet, I do business with a lot of people, but 99.9% of them I have never met and to be honest, I have no clue where half of them are located, nor would I know if they up and left. |
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#388 | |
Confirmed User
Industry Role:
Join Date: Apr 2009
Posts: 683
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Quote:
If you don't then you can enter a new one but to get it verified you have to scan and send the face of the card, the back of the card, a recent card statement, your ID plus a clean picture of your ass. You send this to them and maybe after a year or two your card will get verified. However by then Epass will be gone along with your money! |
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#389 |
congrats to the winners
Industry Role:
Join Date: Nov 2001
Location: Echo Beach
Posts: 10,891
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"just draft something up and send it out under my name" ...?
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#390 |
Confirmed User
Industry Role:
Join Date: Oct 2005
Location: + ENGLAND
Posts: 499
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#391 |
Confirmed User
Join Date: Nov 2006
Posts: 275
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#392 | |
Nice Kitty
Industry Role:
Join Date: Sep 2002
Location: The good old USA!!!
Posts: 21,053
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Quote:
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When you're running down my country hoss...you're walking on the fighting side of me! FOR THE LYING LOWLIFE POSTING AS PATHFINDER...https://gfy.com/fucking-around-and-pr...athfinder.html |
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#393 |
Confirmed User
Industry Role:
Join Date: Oct 2003
Posts: 1,772
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It sure sucks being broke but I would imagine it sucks even more being broke yet having money that is yours yet not being able to access it, that would drive my bonkers.
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#394 | |
Confirmed User
Join Date: May 2005
Location: Behind The Lens
Posts: 6,323
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Quote:
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Amateur Content ICQ: 292 356 077
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#395 |
Webmaster
Industry Role:
Join Date: Mar 2007
Location: BP4L - NL/RO
Posts: 16,556
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For those of you that have been in the industry for many years, I hope you will recall that I have a very strong track record of fighting for the rights of webmasters, program sponsors, billing companies, merchants and the industry; that dedication continues.
--------------------- LOL, well that will buy you some time Smoke Cloud Alert
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#396 |
So Fucking What
Industry Role:
Join Date: Jul 2006
Posts: 17,189
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best host: Webair | best sponsor: Kink | best coder: 688218966 | Go Fuck Yourself ![]() |
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#397 | |
Confirmed User
Join Date: Apr 2005
Posts: 200
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Quote:
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#398 | |
Confirmed User
Join Date: Apr 2009
Location: Florida
Posts: 338
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#399 |
Confirmed User
Industry Role:
Join Date: Feb 2005
Location: EUCCP
Posts: 305
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lets give them few more days, i still believe that there is SOME chance that we will get our cash back
if nothing happens in a few days then we should start fund raising for mass lawsuit or A-Team |
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#400 | |
Confirmed User
Industry Role:
Join Date: Jul 2010
Location: Los Angeles
Posts: 123
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Quote:
I appreciate the difficult position Michael O and the folks at ePassporte are in. I would hope that following statements from them quickly resolve the following: 1. In the communication above you state that ePassporte did not "see this coming". Were negotiations to resolve the issue that resulted in the program closure being conducted with St. Kitts bank? Did these negotiations unexpectedly break down suddenly causing the "unanticipated closure" or was this a completely unanticipated closure of the product? 2. Have you been able to verify that a gross amount that meets a "reasonability check" against what ePassporte shows as outstanding VV accounts total balances is either on deposit or frozen at St. Kitts? Are you currently working jointly with St. Kitts to verify VV account balances or has this process not been started yet? 3. Has St. Kitts' Ministry of Finance and more specifically the Financial Regulatory Department been informed of St. Kitts actions against their Visa cardholders? If so, is the Ministry's office directly involved in helping to negotiate a release of these funds? 4. Is there currently any investigation by either St. Kitts Ministry of Finance, the U.S. FTC or any other regulatory agency concerning the disposition of the Virtual Visa balances or the policies/procedures or operations of the ePassporte program?
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