ePayments f****d up

[Ely]

Hi guys, just got an email from ePayments (very big company and used in almost all CPA movie programs)

On the February 11, 2020 ePayments Systems Limited (‘ePayments’) agreed with the Financial Conduct Authority (‘FCA’) to suspend all activity on its customer accounts. This decision was taken following a review, by the FCA, of ePayments anti-money laundering systems and controls, which identified weakness that required remediation.

We know this will be a very frustrating time for our customers. We apologise for any inconvenience caused and are working tirelessly with the FCA to ensure improvements are made and accounts can be reactivated as soon as possible. During this improvement process, we want to assure customers that their funds are being safeguarded as normal.

I'm pretty sure they will not come back to soon.. or if we wanna be more realistic.. probably never. Any good alternatives? Epayments was perfect for transfer from and to cryptos.. had great daily limits (USD and EUR cards each one 3000 daily limit for withdrawals...)

 

[savobaby]

i wouldn’t stress too much, hopefully they can clear whatever mess they’re in. I use ePayments too and love their service!

 

[Ely]

I had the same experience with BTC-E at the time.. lost a lot of thousands usd.. it started like this.. and than they found 4 B money laundering scheme.. Be sure this time will be the same (both big russian companies, pretty sure they are the same lol.. like OKPAY).

But nothing is sure right now, you can follow their twitter account for more updates: https://twitter.com/myepayments

 

[Deleted member 1268968]

shit. this is worrying...

 

[venixx]

https://www.financemagnates.com/fin...-systems-suspends-operations-on-aml-concerns/

 

[royserpa]

Epayments was perfect for transfer from and to cryptos.. had great daily limits (USD and EUR cards each one 3000 daily limit for withdrawals...)

You can have several payoneer cards for unlimited withdrawal!

 

[Ely]

You can have several payoneer cards for unlimited withdrawal!

Yeah i have payoneer... but is too far from epayments. You can connect epayments with paypal, send cryptocurrency, receive cryptocurrency and much more.. hope they will solve the problem...

 

[LegendAndroidX]

entropay , gooooone , now ePayments , NEXT is PAYPAL

 

[HoNeYBiRD]

Yea, got the email too. I always withdrew funds after payments, so fortunately i don't have any money left there. Switching to direct deposit in the mean time. Hopefully they'll recover. We have seen processors which didn't, hopefully they won't become the next FCP.

 

[cypdru]

i have much money on my epayments card... Is there a chance I cant use this money anymore? I can't believe it...
if they come back, my first thing will be to get my money out...

 

[Pugtaters]

i have much money on my epayments card... Is there a chance I cant use this money anymore? I can't believe it...
if they come back, my first thing will be to get my money out...

I don't think they'll come back from this and if they do, their reputation is ruined, so they won't. You lost that money.

 

[cypdru]

I don't think they'll come back from this and if they do, their reputation is ruined, so they won't. You lost that money.

I don't think they can do this without consequences. no any law for this?

 

[Ely]

I don't think they can do this without consequences. no any law for this?

When is about crypto, no laws help us customers. See Bte-e, MtGox and much more smaller exchanges

 

[dcc24496]

I moved to Paxum.com couple of months ago and I am so happy I did it !

 

[royserpa]

Yeah i have payoneer... but is too far from epayments. You can connect epayments with paypal, send cryptocurrency, receive cryptocurrency and much more.. hope they will solve the problem...

It's the same with payoneer, and with cryptos, why would you need a middleman to send/receive them when you have your own keys?! Never rely on others keys

 

[paperbag]

I don't think they'll come back from this and if they do, their reputation is ruined, so they won't. You lost that money.

Maybe. Depends on the British bankruptcy laws and regulations, if they go broke.

i have much money on my epayments card... Is there a chance I cant use this money anymore? I can't believe it...
if they come back, my first thing will be to get my money out...

I wouldn't lose all hope just yet. They have (had) a British electronic money license and are tightly regulated. I assume British bankruptcy laws apply. I think it is like a bank and that customer money is seperate from the company assets. Doubt other creditors can claim the money from your account. I think the only difference to a bank account is that you don't have the British equivalent of FDIC insurance and the government doesn't guarantee the reimbursement of a certain amount of funds.

But you may need a lawyer to reclaim your funds if they don't reopen.

 

[cypdru]

When is about crypto, no laws help us customers. See Bte-e, MtGox and much more smaller exchanges

it hasn't been possible for a long time to use crypto with a card or convert it to money.
i used only my USD card without any crypto.

 

[Ely]

it hasn't been possible for a long time to use crypto with a card or convert it to money.
i used only my USD card without any crypto.

I sent USD to ETH (from epayments) 2 days ago.. maybe it wasn't open for all...

 

[nixi1000]

Ive seen this years ago, i don't ever remember names of all those fallen internet payment companies. But if they decide to close no one will lost money , they will give one or two months for account owners to withdraw or spend money online.. and then its closed

 

[MrRandQm]

Happened to BTC-E, to Firstchoicepay and to them. Result will be the same, say goodbye to your money if you have anything stashed there