101 closed businesses

Wouldn't be hard given they've told us nothing for over a month.

Lack of revenue and circumstances beyond our control? Wasn't epassporte's core business p2p money transfers? It sounds from the closure notice that the virtual visa was the primary source of revenues. Something doesn't seem right here to me, losing a secondary revenue source is one thing, but to shut down the entire business? Odd to me.
WG

They lost all the fees from wire tranfers coming in and then paying out to each affiliate account. Basically without a card for ppl to easily withdraw their money, there's no way to recover... It would take months to setup something else with a different bank and maybe Mastercard, and by then it would definately be dead. So he probably just decided to cut his losses.

always have been..there's NO WAY they didn't know WHY they were cut off ... simple math guys, he borrowed from Peter to pay Paul...Epass funds covered Middle Men funding..Middle men open- flop- 30 days later- bad match or "cooking the books" so Bank cut them...end .. Not rocket science, pretty straight forward

what a bunch of bullshit from this malick person many of us have taken. in the end he proved himself to be a big liar liar liar. i cant believe this shit.

It's really a sad day :(

I wouldn't say so much a liar, more like not giving info and telling the whole story.

Of course they know why they were cut off, or I would at least hope so. After all the non-communication from epass it would be nice to finally find out WHY, but I'm not too optimistic about that.

http://www.asiandivagirls.com/gfy/ma...complished.jpg

ADG

wow this is huge news...i wonder what really happened...

probably something to do with the US Gov or Homeland Security bullshit...

fuck :( epass

Because you are a goofy bitch? Just sayin

You are correct WG. I think he knew he lost the trust of his users. And we still dont have the full answers yet.

I don't think we're going to get full answers :disgust

It seems like quite a lot of people with lots of money still in there where they won't wire out. I know quite a few people who can't withdraw via wire for 3 weeks now.

Do I hear class action lawsuit coming against Chris Mallick? Or will he run to some island?

It's finally time to write off the money I had in my wallet. Very sad.

Damn, that sucks :(

Yeah, Fuckin dude cant even show some hate love on the board. We all know he reads all of these.

I meant the wallet money, I get the VV stuff. :)

My theory on what happened - ePass was known for gambling, didn't always have the best paperwork in order, etc. I think that St. Kitts gave them three weeks to get all their docs in order for people they wanted to see them for. They couldn't produce, bank steps in. I think this is why the bank says SOME will be asked for additional documentation.

That's just my pure speculation.

Yeah well this was predicable. Some cunt called Jeffrey at their call centre has been promising me for weeks that my $15,000 has been expediated and it just needs to be verified before being released. I knew he was just stringing me along.

The problem with actually suing, for an amount like $15k, is that by the time you pay the lawyers to potentially get NOTHING back, then I'd be our about another $10k. We can afford to take the hit but I wonder how many affiliates or others, this is going to be seriously detrimental to their lives.

Groobybucks will NOT be looking for alternative payment solutions for affiliates other than getting paid directly via US, UK or Euro Check directly from us, wire transfers and UK bank transfers. If an affiliate is that desperate that they have to have a practically anonymous account and get paid in such small amounts, then it's unlikely we're going to want to do business with you. Current affiliates please contact [email protected] if you haven't already, so we can personalise your payment options.

Chris Malick should but his money where his fat ego is and ensure everyone gets paid. I look forward to running into him in the future.

I'm guessing there was a reason ePass has the money automatically put into your VISA unless you requested it to go to the wallet. There had to be more ways to make money with the VV than the wallet.

Very sad day, too bad it had to end like this

Of course there is and it will come out sooner or later. Be sure about that, there is too much money at stake here.

This will pulldown adult industry for a long time, there's no way people would trust other payment system, checks/wire are back again.
Sad thing, this is a century 21 but start to looks like middle 20, more and more...

Speculation here as well:

I don't know but there is one possible connection few speak about:

http://www.xbiznewswire.com/view.php?id=119419 (old news)

Whatever the case the U.S. Government is *definitely* watching. Although this Epass incident doesn't *seem* now to be a action initiated by the U.S. Government, they still tend to have a lot of influence beyond U.S. borders. If this is the case those who play games with the law might find themselves in even more trouble soon enough....if the government is so motivated :2 cents: I'm not sure how I feel about that really. Mixed feelings.

I get that too. Has something happned?

It is indeed. Sad day for many, but at least the 'promise' and 'hope' is over.

Don't RIP ePass! :mad:

I knew this was coming but it's still very sad to hear.

If he got any kind of severance package "payoff", he would be smart not to say anything.

i have another explanation for you and the guy from Payoneer at least did not deny that this was the problem:

everyone with an Epass account could give out a gift card to anybody he wanted and that card could at least be used up to $5000 in transactions before someone asked for identification docs. and this - according to Visa - is not allowed (know your customer)

and i take wild guess here - but those who will be asked for additional docs have cards they received through a sponsor or someone else.

thats why Payoneer btw only gives out cards through companies they have contracts with.

yup its done

wow! when did that happen??!!

LMFAO...

And I thought tomorrow everythign will be allright, this really sucks...

the virtual visa should be turned on Oct 6th, people will be able to get some of their money direct from the bank.

BS, they haven't sent me my money ... fuckers :321GFY

shitty :(

really hope people get all their funds.

interesting.

Maybe they should refilm the ending of that movie.

And *poof* - just like that...

what bank holds wallet money?

What an spectacular promotional stunt, kudos...

epass is supposedly still sending out funds. I'm not sure which bank has them, but I would get in a request ASAP.

Your money is in motion...

Why did they cut access to the message center? the virtual visa data was right there!

complain him:
blame him:
fuck him:

http://www.facebook.com/profile.php?...5914860&v=wall
http://www.facebook.com/pages/Los-An...t/169233480057

:1orglaugh:1orglaugh

my card is in motion,still waiting ....:Oh crap:Oh crap:Oh crap

Erm ok - so now when we login we just get the message - no way to even review our transaction history???????????????????

That is so friggin lame.