Rand made a similar hint. Don't know if they meant it that way, but it left me with the impression that ePass is hurting in some way or another.

well everyone thaught Paycom was fucked to a few years ago when shit hit the fan and Chris took over. I am sure all will be fine. both are buisness men and wouldnt be as rich as they both are letting established buisnesses fail!

While I don't think the news is that big, and I know they have personal issues, but I guess it could always be for another reason, like taxes.

I can see companies over the years coming up with tax issues on epass from not claiming the money, thinking it was an easy way to hide the money.

However, I'm more interested in the paysite companies that took payment that way. Why?? Simple as that.

Agreed. While many affiliates may like the convenience of receiving their payments via ePass, it isn't always a convenience to those paying them.

I use it only because it is a part of doing business, but there is a lot of room for improvement.

Epass...
 

Most of you dont know the real deal behind Epassporte...
Did you ever wonder why everytime someone from epass was posting in threads, they claimed that epassporte has hundred of thousends of users....definetlly not all of them are webmasters :)

The main scope of existence of epassporte is the issuing of debit cards for chargeback ballancing. It worked like this till now...every %x member that signed up trough paycom (or other processors) for a site membership, were given an epassporte Gift card. It works like this...paycom is giving you a membership to site xxxx for free, as long as you are a member of site yyyyy. In order to process your membership for site xxxx, we are giving you an epass Virtual Visa Gift card. The membership costs 29.99$/month, however, paycom will make sure that the 29.99$ will be deposited everymonth onto your visa gift card.
Actually paycom/epass were crediting your epass visa gift card with 29.99$ every month, and then in 30 secs, they were billing the card though one of designated merchant account, with a cost of just the processing fee (discount rate). By billing hubdreds of thouseds of cards like this, there is now wandering why their chargeback ratio si very low, and they still allow cross sales without any problems...(have seen sites with 2 pre checked crossales).

So this is the biggest reason for epassporte to exist, and this is why it was created...the issuing of plastic debit cards and affiliate/webmaster payments are done just to make epassporte look compliant in the eyes of Visa, as this gets lots of $$$$ volume and they can claim that the main purphose of their service is not the issuing of "gift cards" - and that they are actually a 100% legitimate issuer....

now think for a second...do you think that there are more that 10.000 webmasters that get payments by epassporte ? There is a huge distance to the hundreds of thousents cards that epassporte is claiming they have issued...(and they are telling the truth here). The rest are just "Gift Cards".....and they are trying to offset this by the funds that get moved by affiliate programs and the use of debit cards for widthrawal in all countryes arround the world...

However, thay have gone too far and visa is getting quite close on them....

The trick is somewhat similat to what ibill does with gkard, but the Epassporte trick is much more stable and intellingent...

There are several other debit card payment systems that can issue no name maestro cards that can be used worldwide.
The cards are issued 100% from the US, they have no name embossed on the card and can be issued from stock, without any id requiremens and can be issued worldwide (not only to use citizens).
Wire load is also avaiable..


https://www.virtualmoneyinc.com/

We (EdgeFX) don't do business with Epass for a reason, but we were going to give Paycom/Epoch the benefit of the doubt and try to work with them. Personally (my own opinion), I think BOTH companies leave alot to be desired in terms of Customer/Client Service and Satisfaction. If either company wants to make a solid future for itself, they need to step it up a notch. :2 cents:

??? all pps programs work on this model

I was wondering how long it was going to take for this info to come out ...

A lot of companies were surprised to find out they had ePassporte accounts when they actually never signed up for one. But when ePassporte was in bed together with Paycom, ePassporte accounts were opened to companies with balances and the companies never knew about it...

it's really bad news......:Oh crap

Exactly
 

Exactly my thoughts

Bingo.....BEST REPLY I´ve seen on GFY this month :thumbsup

who benefits most from the split?

should I as an epassporte customer be worried right now?

if shit hits the fan everyone will lose.

I dont think either company is in trouble I would bet it was just a business dicision made by both parties to split completely. nothing is going to change on our end. we will still use both companies and its Business as usual at PornoPushers.

Now send us your traffic..

I wasn't worried untill i read this

damn

Hi

Just wanted to say that I enjoyed reading your :2 cents:

Cheers,

Brad

i know why there were not more threads about this before shap did a new one...
this might get very interesting very soon.............................................. .......

*bookmarking thread*

sorry for the typos, as i was writing this is a super hurry from a microsoft shit type of keyboard (the old one that is splited in 2) ..:)

A better question would be...

Who will survive.

If you think that nothing will change you should read greenlab's post again.
Try to understand it this time :winkwink:

I'm certainly not going to be doing epass payments for free or for anything as small as $50 anymore. Maybe I could do it with a $200 limit, but can't afford all those new wire fees (since we pay all the credit card processing fees for affiliates already). Paycom only charged us $2 to send our money to epass. This is mega lame.

Want to share? :)

no :)
.......

Typical response :1orglaugh

Just lookin out here.

Webmasters better read this thread its important.

This thread is making me shit my pants

yup. those are the huge news.

This needs bumping and reading a lot more. greenlab's post - if it is true - makes me very nervous.

hey rowan, take a look at this :

If you are offered a gift site and a gift ePassporte Visa, you accept that offer and you meet the eligibility requirements for the offer, then the following applies to you:

A marketing company will purchase an ePassporte Virtual Visa account on your behalf. An ePassporte Virtual Visa is a pre-paid Visa product that allows you to purchase goods and services over the Internet. Because it is a pre-paid Visa product, the creation of the ePassporte Virtual Visa will not affect your credit rating, extend any credit to you, nor incur any debt in your name.

By accepting the offer you agree that the marketing company and ePassporte may receive personal data about you (which data will NOT include the account number you use to purchase a membership from the Company), create an ePassporte Visa on your behalf, facilitate the transaction processing for your membership to the Gift Site and send communications to you. Also, by accepting this offer, you agree to ePassporte's Terms and Conditions.

Once an ePassporte Virtual Visa has been created on your behalf, each month that the Gift Site membership remains active the marketing company will load sufficient funds onto the account to cover all costs of the Gift Site. Paycom will bill you for that Gift Site membership immediately upon the loading of the funds. In addition, however, the marketing company will load additional funds onto the Visa that you can spend anywhere on the Internet in order to give you a chance to become familiar with the ePassporte Virtual Visa's features and functions. All of the additional funds loaded onto the card belong to you.

The marketing company shall have the right to cease loading funds onto your ePassporte Visa at its sole and absolute discretion, without notice, and with or without cause. But, if it ceases loading funds onto your ePassporte Visa, you will NOT receive any additional charges for the Gift Site, and the Gift Site membership will expire.



http://www.actionbabecentral.com/terms.html

scroll down to GIFT SITE AND GIFT EPASSPORTE VISA ...

Ok, I'm still trying to get my head around this... is it as simple as the cost of covering gift memberships being lower than chargeback fines (and the potential risk of a devastating consequence such as losing a merchant account), or is there more to it?

makes me go hmmmm ........

rowan, there is actually no membership cost...

Let's say we have : Paycom, Epassporte and the "marketing company" (all 3 owned by the same group of people, or with clear written contracts". Till now, all 3 were acutally Paycom.

When you bought a site membership trough Paycom, the "marketing company" was offering you a gift membership to a gift site. The membeship could cost let's say 29.99/month. Epassporte is issuing you a Visa Gift Card where the "marketing company" is loading the $29.99 and then bills the card imediatlly for $29.99 trough the paycom merchant account. So they put the money in and they take them back in 20 sec. The only costs involved are the processing fees, but this are low since they pay "at cost" and not the 15% paycom is charging you (as they have to include their profit margin". Also they get a discouted rate becouse Epassporte and SKNAB Bank are also gaining some % from the processing rate as the card issuer, so the costs are in a range of 2$ for a $29.99 ...the 29.99 is just an example..it can be 9.99 or ever 3$/month.


The savings are huge as volume chargeback fines can be as high as millions of dollars....paycom and ibill were fined one or 2 times in the past...

Also this small processing cost is recovered from processing fees/profits that come from "cross-sales" as i dont see any other processor offering 2 pre checked 29.99/month cross sales.....do you think ccbill wont offer crossales anymore if they could ?

You're right, I wasn't thinking straight. It's just shifting money back and forth via a third party bank.

There would still be some effective cost because of fees and the actual content provision (the benefit of the gift membership) of course, but it's relatively small.

Does the "fraud reducing" arrangement still exist now that the companies have split?

I can't believe that people are not jumping on this thread... maybe we need a better title.

I am concerned as an affiliate that has a decent amount of funds going through the epassporte system on a monthly basis.

I just don't know what to say or think at this time. Some sort of official response from epassporte would be real nice.

My question is simply.

Will the event inflate charge backs at PAYCOM?

If The scenerio is correct then PAYCOM stands to be in some deep shit with Charge Backs.

Epass collapses chasing mainstream down or succeeds, PayCom burns to death in Chargebacks.

Those are the only scenerio's that can play out.

Either way webmasters loose, and the all so seasonable and inevitable "Visa Regulation", "Revisions" to rules will ensue within a month or so...

Affecting many companies.

Try "Depends":Graucho