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-   -   DO NOT withdraw all your money from Epass (https://gfy.com/showthread.php?t=985766)

Agent 488 09-07-2010 08:36 AM

Quote:

Originally Posted by Jean-Francois (Post 17475792)
No need as all the money froze in VV by EPASSPORTE and not Visa will cover their ass. Why do you think we can't USE their in house transfer system to transfer money in VV to Wallet???

because you don't understand how visa works?

pornmasta 09-07-2010 08:37 AM

хакеров?

DEA - banned for life 09-07-2010 08:38 AM

http://img821.imageshack.us/img821/5997/epassbob.jpg

Jman 09-07-2010 08:39 AM

Quote:

Originally Posted by Agent 488 (Post 17475800)
because you don't understand how visa works?

Yeah so Visa controls internal transfer within Epassporte??? VV to Wallet transfer where done threw Epassporte system and not Visa... Correct?

Agent 488 09-07-2010 08:40 AM

Quote:

Originally Posted by Jean-Francois (Post 17475810)
Yeah so Visa controls internal transfer within Epassporte??? VV to Wallet transfer where done threw Epassporte system and not Visa... Correct?

don't understand french.

Spudstr 09-07-2010 08:41 AM

Creating a run on the bank is not going to solve things, just makes matters worse.

pornmasta 09-07-2010 08:43 AM

No it's not visa 100% sure
Visa would provide an explanation.

kristin 09-07-2010 08:51 AM

Quote:

Originally Posted by Jean-Francois (Post 17475810)
Yeah so Visa controls internal transfer within Epassporte??? VV to Wallet transfer where done threw Epassporte system and not Visa... Correct?

This is how I envision it (if it's even close, I have no idea). I would *think* that ePass just acts as a middle man (no phun intended).

So for instance ePass has a bank account at St. Kitts and let's say everyone's ePass accounts are "sub-accounts." So you have money in VV and in the wallet and want to move it. So you move wallet your wallet money to VV - now that wallet money pulls and goes into the ePass bank account. Then ePass' bank account then sends the money pulled out from the wallet over to VV. And once on VISA, in their control until you spend it or move it again. So if VISA decides to freeze accounts, ePass can't act as the middle man to move the money.

CaptainHowdy 09-07-2010 08:53 AM

Quote:

Originally Posted by kristin (Post 17475851)
This is how I envision it (if it's even close, I have no idea). I would *think* that ePass just acts as a middle man (no phun intended).

So for instance ePass has a bank account at St. Kitts and let's say everyone's ePass accounts are "sub-accounts." So you have money in VV and in the wallet and want to move it. So you move wallet your wallet money to VV - now that wallet money pulls and goes into the ePass bank account. Then ePass' bank account then sends the money pulled out from the wallet over to VV. And once on VISA, in their control until you spend it or move it again. So if VISA decides to freeze accounts, ePass can't act as the middle man to move the money.

No wonder you're MISS GFY :winkwink:!

datatank 09-07-2010 08:57 AM

I heard the owner is stuck in Dubai. His visa electron card was declined trying to refuel his jet.

Please leave your money in so he can come home. !!!

TommyM 09-07-2010 09:01 AM

Damn hope we get it fixed, have been a happy epass user for many years, but I am keeping the happy face on, hoping they are gonna make it :)

Jman 09-07-2010 09:14 AM

Quote:

Originally Posted by Agent 488 (Post 17475800)
because you don't understand how visa works?

This is url to use to transfer money from VV to Wallet

https://www.epassporte.com/secure/transferwithin.cgi

How can VISA be the one controlling this and if funds are safe and it is just the cards who are no longer working, then why the hell can't we use this EPASSPORTE transfer function?

pornmasta 09-07-2010 09:27 AM

because it's risky ?
because there is not so much money on the wallets so you can give this to your users to make them wait ?

Jman 09-07-2010 09:38 AM

Quote:

Originally Posted by pornmasta (Post 17475942)
because it's risky ?
because there is not so much money on the wallets so you can give this to your users to make them wait ?

Visa blocked the cards and they have the right to do so i guess, cause it's their cards. But they know the money is in epassporte accounts and does not belong to visa, so why would they even care if we, epassporte's clients, would get our money back in our bank accounts via epassporte wallet system wire transfer.

pornmasta 09-07-2010 09:39 AM

Quote:

Originally Posted by Jean-Francois (Post 17475987)
Visa blocked the cards and they have the right to do so i guess, cause it's their cards.

I bet it is wrong

MobiusMike 09-07-2010 09:43 AM

Quote:

Originally Posted by kristin (Post 17475851)
This is how I envision it (if it's even close, I have no idea). I would *think* that ePass just acts as a middle man (no phun intended).

So for instance ePass has a bank account at St. Kitts and let's say everyone's ePass accounts are "sub-accounts." So you have money in VV and in the wallet and want to move it. So you move wallet your wallet money to VV - now that wallet money pulls and goes into the ePass bank account. Then ePass' bank account then sends the money pulled out from the wallet over to VV. And once on VISA, in their control until you spend it or move it again. So if VISA decides to freeze accounts, ePass can't act as the middle man to move the money.

Kristin:

I think you're partially correct. Money from the wallet "called" by a VV holder would move into a quasi-account attached to the VV for availability to withdraw through the Interchange and ATM networks.

VISA, is a "Card Association" which means they license banks to issue their product and they operate the interchange networks through which transactions are cleared. They do not actually hold the money. In this instance, the funds on VVs should still reside at St. Kitts on a different ledger balanced back to the "balances" on all outstanding VVs.

The fact that ePassporte has been able to settle requests for payouts by other means (ACH/Wire) from the wallet, while encouraging, does little to address the issues related to the original problem, which is the freeze of the VV program.

In my opinion, it now comes down to what action was taken by whom. If the program was simply closed by VISA and/or the Bank, then those funds should be migrated back to the wallets, but this may take a bit of time to do because they'll have to review the accounts for outstanding pending auths, etc.

If there was a bigger problem with the way the VV was operated and some regulatory agency forced the shut down then it could take significantly longer to recover the funds and move them back to the wallet.

I look forward to hearing from ePassporte today. I would assume that post holiday they're going to be able to provide some clarification on the actions taken to meet their obligations to their clients.

urbanpimp 09-07-2010 09:46 AM

Quote:

Originally Posted by Choker (Post 17475236)
If it's true wires and ACH withdrawals are going thru it is important that we don't make Epass insolvent. Withdraw half your money or just enough to make sure it is working. Just like any bank I highly doubt that Epass has enough cash to cover all the money in everyone's account at one time. We need Epass as much as they need us so let's support them by not taking everything out. As soon as I can confirm that ACH is working I will immedietly begin accepting epass payments again.


We are not all as rich as you.

urbanpimp 09-07-2010 09:48 AM

Quote:

Originally Posted by MobiusMike (Post 17476008)
Kristin:

I think you're partially correct. Money from the wallet "called" by a VV holder would move into a quasi-account attached to the VV for availability to withdraw through the Interchange and ATM networks.

VISA, is a "Card Association" which means they license banks to issue their product and they operate the interchange networks through which transactions are cleared. They do not actually hold the money. In this instance, the funds on VVs should still reside at St. Kitts on a different ledger balanced back to the "balances" on all outstanding VVs.

The fact that ePassporte has been able to settle requests for payouts by other means (ACH/Wire) from the wallet, while encouraging, does little to address the issues related to the original problem, which is the freeze of the VV program.

In my opinion, it now comes down to what action was taken by whom. If the program was simply closed by VISA and/or the Bank, then those funds should be migrated back to the wallets, but this may take a bit of time to do because they'll have to review the accounts for outstanding pending auths, etc.

If there was a bigger problem with the way the VV was operated and some regulatory agency forced the shut down then it could take significantly longer to recover the funds and move them back to the wallet.

I look forward to hearing from ePassporte today. I would assume that post holiday they're going to be able to provide some clarification on the actions taken to meet their obligations to their clients.

This people, is an example of a well thought out and written post.
Thank you for a breath of fresh air.

grumpy 09-07-2010 09:53 AM

this is one of the worst advices given in this situation and second, they should have every penny in the bank otherwise they have been playing with your money. Mark my words there will be a lack of funds for epassporte or the bank backing them.

Sausage 09-07-2010 10:07 AM

If you and a group of others are being chased by a bear, you just need to be faster than the rest of them to get out unhurt.

Apply that here.

pornmasta 09-07-2010 10:19 AM

http://en.wikipedia.org/wiki/File:No...14,_2007.j pg

MobiusMike 09-07-2010 10:28 AM

Quote:

Originally Posted by urbanpimp (Post 17476035)
This people, is an example of a well thought out and written post.
Thank you for a breath of fresh air.

Thanks, Pimp!

Payment Operations, as boring as this may sound, is my life. I wanted to help clarify the issue based on my experiences in wallet land.

If there's anything I can do for you, feel free to get in touch.

Mike

The Porn Nerd 09-07-2010 10:32 AM

Yeah everyone, go and watch "It's A Wonderful Life" and do what George Bailey did and save the Savings & Loan! Shah - this ain't 1942, this is Potterville.

erooup 10-05-2010 10:20 AM

Should we withdraw the money now?

CaptainHowdy 10-05-2010 10:29 AM

Quote:

Originally Posted by erooup (Post 17573719)
Should we withdraw the money now?

http://www.gfy.com/image.php?u=11889...ine=1282302001

Paul Markham 10-05-2010 10:29 AM

I heard that the Virtual cards will be re-instated soon. Anyone know anymore?

erooup 10-05-2010 10:31 AM

Quote:

Originally Posted by CaptainHowdy (Post 17573768)

fitting :1orglaugh

Cash 10-05-2010 10:40 AM

Quote:

Originally Posted by erooup (Post 17573719)
Should we withdraw the money now?

Not all of it, don't let epass die, you heard the man :1orglaugh

spazlabz 10-05-2010 10:42 AM

Quote:

Originally Posted by Cash (Post 17573822)
Not all of it, don't let epass die, you heard the man :1orglaugh

ok yes, I LOL'd :1orglaugh:1orglaugh:1orglaugh

TrainWreckContent 10-05-2010 10:45 AM

hell can i still load money into my account LOL

suesheboy 10-05-2010 11:25 AM

All of these threads are golden to see who the douches are.

Is the Bro romance over?

Rangermoore 10-05-2010 11:35 AM

Epass is dead.. Get over it.. Move on...

Django 02-18-2011 10:05 AM

Quote:

Originally Posted by Choker (Post 17475236)
If it's true wires and ACH withdrawals are going thru it is important that we don't make Epass insolvent. Withdraw half your money or just enough to make sure it is working. Just like any bank I highly doubt that Epass has enough cash to cover all the money in everyone's account at one time. We need Epass as much as they need us so let's support them by not taking everything out. As soon as I can confirm that ACH is working I will immedietly begin accepting epass payments again.

Please let us know if you are uncertain

TylerBang 07-10-2011 07:31 PM

Quote:

Originally Posted by grumpy (Post 17476055)
this is one of the worst advices given in this situation and second, they should have every penny in the bank otherwise they have been playing with your money. Mark my words there will be a lack of funds for epassporte or the bank backing them.

I just got back from the war in afghanistan, my epass cards not working..

SmokeyTheBear 07-10-2011 07:38 PM

Quote:

Originally Posted by TylerBang (Post 18273063)
I just got back from the war in afghanistan, my epass cards not working..

choker had to get his cash out first :winkwink:

Mike Honcho 07-10-2011 07:38 PM

Don't worry guys, OP found 10k+ in a safe he almost put in the trash.

L-Pink 07-10-2011 07:39 PM

Quote:

Originally Posted by TylerBang (Post 18273063)
I just got back from the war in afghanistan, my epass cards not working..

Don't put your gun away, we got another mission for you.

.

GetSCORECash 07-10-2011 07:40 PM

Quote:

Originally Posted by TylerBang (Post 18273063)
I just got back from the war in afghanistan, my epass cards not working..

Sorry to hear. My nephew got back a month ago.

Brad Mitchell 07-10-2011 07:40 PM

Quote:

Originally Posted by TylerBang (Post 18273063)
I just got back from the war in afghanistan, my epass cards not working..

I though this would be a Wtf why did you bump this old thread.. but it's not. Long story short, I lost 8k, Choker lost about as much and then millions more for everyone else. Sucks.

Brad

harvey 07-10-2011 10:37 PM

glad to see everything has been solved :thumbsup

Paul Markham 07-10-2011 11:53 PM

Great advice choker. We should listen to the "Bros" a lot more for sound advice. </sarcasm>

Oracle Porn 07-11-2011 12:00 AM

Quote:

Originally Posted by Brad Mitchell (Post 18273077)
I though this would be a Wtf why did you bump this old thread.. but it's not. Long story short, I lost 8k, Choker lost about as much and then millions more for everyone else. Sucks.

Brad

Why not sue? I hear the US justice system is alright.

MrDotCom 07-11-2011 03:41 AM

Choker had the right idea with the "run on the bank" economic concept but it was already too late with this company.

Dappz 07-11-2011 03:48 AM

umm hoping this well get things better ................

Chosen 07-11-2011 03:55 AM

Quote:

Originally Posted by Dappz (Post 18273473)
umm hoping this well get things better ................

What????

Choker 07-11-2011 04:35 AM

Quote:

Originally Posted by Paul Markham (Post 18273291)
Great advice choker. We should listen to the "Bros" a lot more for sound advice. </sarcasm>

Coming from a man who in his retirement has to make his wife work just to put food on the table? Now your gonna say that she just enjoys working right? LOL

Harmon 04-24-2014 01:43 AM

Quote:

Originally Posted by Choker (Post 17475236)
If it's true wires and ACH withdrawals are going thru it is important that we don't make Epass insolvent. Withdraw half your money or just enough to make sure it is working. Just like any bank I highly doubt that Epass has enough cash to cover all the money in everyone's account at one time. We need Epass as much as they need us so let's support them by not taking everything out. As soon as I can confirm that ACH is working I will immedietly begin accepting epass payments again.

Was this the last time Choker ever posted here? :1orglaugh:1orglaugh

TheDA 04-24-2014 03:51 AM

Quote:

Originally Posted by Harmon (Post 20060796)
Was this the last time Choker ever posted here? :1orglaugh:1orglaugh

No, he posted a couple of months ago.

seeandsee 04-24-2014 03:53 AM

Choker prepared for end of world, but what happened later?

RandazzoXXX 04-24-2014 05:00 AM

Quote:

Originally Posted by Harmon (Post 20060796)
Was this the last time Choker ever posted here? :1orglaugh:1orglaugh

Idiot sure made a fool out of himself.


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