Given the new DOJ clamp down on money transferring and Obama's hardon for offshore banks, I don't think he would want to get back into this business. Starting an epass-like business is 100x harder today than it was 7 years ago.

:1orglaugh:1orglaugh

what staff? and what are their emails? they only provided one email. it kinda sucks and to be honest i feel betrayed, even by michael.I am starting to doubt if he really was clueless of what is going on. His statement that once this settle he will find different job was a giveaway clue that I should take more seriously but clues were there all the time..if it wasnt for his calming and positive messages i would have taken my money out by different means already. those of us who didnt want to "take the money and run" for not to sink the company made a mistake. loyal to the end and royaly screwed. i guess i should have known better after being screwed by adult profit and rehabdollars...the lesson here is that if there is smoke there is fire - take your fucking money at the first chance and run...

I dont even think epass has enough money to give us all our money back...

I hope at least i can get my visa money out tomorrow..

brutal situation

Oh swell, check out what Dwight Venner et al, did in the wake of the R. Allen Stanford ponzi scam (2nd only to the Bernie Maddoff scam), facilitated by Caribbean offshore banks:

Stanford receiver tells investors they can?t cash out

:warning :disgust

ADG

Yeh. Because there is no many alternatives. Not many institutions wish to work with adult.

oh and one more thing: isnt the timing strange again? Tmr the visa functionality will be turned on again and today we get "epass is closing" message. I might be stretching things here but what if epass closed doors so they would not need to restore their wallet to vv functionality again? I mean the bank could easily open a one way (wallet to vv) link between them and epass so we could all transfer money to our vv accounts.

since i believe epass doesn't even have enough money to pay us all back they dont like this solution so they just closed the doors since they would have no excuses anymore. This way most of us wont get back any money anyway - we have people here waiting for a month and not getting a replies, yet alone wires...

Just a thought though...the timing really is weird ;)


oh and Michael, it is over now, you can spill the beans now, it would be only fair :)

WTF? Where you been?!?!

on the intranets

yeah, but not unexpected after what happened last month.

Wow, no shit ... what about the other money?

the virtual visa money?

http://www.gfy.com/fucking-around-and-business-discussion/990617-sknanb-message-virtual-cards.html

The bank is turning on the cards Oct 6th.

Fucking Epassporte, those mother fuckers. I knew this is exactly what they would do.

Sucks balls

I'm not surprised by ePassport behaviour here, but by alleged porn industry i-know-it-all peeps who celebrated ePass for years until today, when they scream at ePass ppl and by porn industry million-dollar corps who passed from ePass to a similar thingy with the astonishing "ePass is dead? we're proud to introduce a similar thingy" statement.

For the first ones: ePass clearly stated on their Tos and signup page that you needed a US cheque bank account in order to use the service; they never spoke about other options on their site, they never officially offered the abused have-someone-to-load-your-account option in order to get approved; they said that everybody who was emailing them, but they did that clearly breaking their own Tos. Now, you're surprised that Visa cut them off? Ever thought of the possibility that all this happened because they were breaking their own in-house rules and that those rules were a conditio sine qua non imposed by Visa in first place?

And about the second ones...why a multi-million corp wouldn't allow a wire transfer and would rather use ePass, a similar thingy and very dangerous stuff like that, even if you offered to pay wire transfer fees in full? I love it when the adult industry tries to be ahead of the mainstream one, but when it comes to money and the money that we are talking about is my money, the adult industry should stop behaving Star Trek and Alice in Wonderland and should rather do Business instead of feeding ppl with doubts and fear.

Too easy to cry after; much easier to prevent before.

i'm really sad to see this happening... but we all saw it once the link between epass and the bank was definitely cut off on sept 23rd.

It's a big loss to this industry as a whole and another reason to get out and find more profitable and stable job asap.

I hope I'll get my VISA money through the bank and I'll be gone for good.

RIP epass... :(

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

I definitely think there's more to the story than they're telling :2 cents:

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.