Sounds about right! Either that or - I have too much in epass so if you fuck epass you fuck me!

We also received ACH wire deposit today as well.

Wonderful that widrawals from the wallet based system are working..... But the virtual Visa section is still frozen, so in reality nothing has changed. Michael said from the get go that wallet transfers were unaffected.... So glad to see he was on the money with that.problem remains we have no updates or timetables on the Visa system withdrawals. :-(

epass will be insolvent by the end by the end of the month. Nobody will use them ever again. I would grab your cash and run. If they were a real company they would be covering everyones cash that's in virtual visa's since its really not our problem. Knowing them they act like a bank and have leverages our cash a couple times over.

No, you're right. They make their money on processing and fees.

BINGO !!! and the fact that they cannot wire or send a check right now for all funds leads me to believe that there is obviously WAY more to this BS visa story.:2 cents::2 cents:

That is actually a pretty good idea. But I will not comply, epass fucked up and if this is the cannonball that will sink the ship so be it.

This is the adult industry foo.

As you can see from the replies in this thread, the norm hold true. Every many for himself. Regardless of the long term outcomes of the company, or the ripple effect through the industry.

Because they probably aren't getting many updates either - it was a long, holiday weekend. I'm pretty sure the VISA department they need was enjoying their time off.

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?

хакеров?

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.

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

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

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:!

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. !!!

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 :)

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?

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.

I bet it is wrong

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.

We are not all as rich as you.

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

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.

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.

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

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.

Should we withdraw the money now?

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

fitting :1orglaugh

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

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

hell can i still load money into my account LOL