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The collapse of Epassporte.

Discussion in 'Black Hat SEO' started by WebmasterWorkforce, Sep 5, 2010.

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  1. WebmasterWorkforce

    WebmasterWorkforce BANNED BANNED

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    This has been an extremely hot topic recently. For those of you that have not heard...

    How much did you guys lose?

    :(
     
  2. MoneyMakerMatt

    MoneyMakerMatt Junior Member

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    hmm maybe Visa is in financial trouble of some sort?
     
  3. blackhataffiliate

    blackhataffiliate Senior Member

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    Seems to be a visa issue, see below

    Code:
    http://news.avn.com/articles/ePassporte-Visa-Situation-Should-be-Resolved-Next-Week-410832.html
     
  4. WebmasterWorkforce

    WebmasterWorkforce BANNED BANNED

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    Visa is not a bank! There's no difference between 'wallet money' and 'virtual visa money'. All of your money is still in ePassporte's bank account!

    The money is still in their bank account where it was before the suspension. Visa would never 'block' money like this.


     
  5. keith

    keith Junior Member

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    No one said visa was a bank.

    Visa blocked the bank from issuing/using the visa cards which work just any other bank debit card.
     
  6. Elbenor

    Elbenor Regular Member

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    ePassporte is gonna pay somehow
    They DO have the money in the bank, they just need to find another way to pay their customers without VISA
     
  7. xiphre

    xiphre Regular Member

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    Michael got us covered ;)
     
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  8. theviralguy

    theviralguy Senior Member

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    they aren't gonna run away with the millions in their bank.. visa just suspended their bank, they will find a way to pay us for sure. Hopefully next week they have some more news for us.
     
  9. ronnie1984

    ronnie1984 Regular Member

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    Epassporte is a respected company and I am sure that they will solve this problem quickly . They have a lot of people depending on them.
     
  10. webmacho

    webmacho Registered Member

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    they are realy idiots the visa stoped working with them because of Money laundering
     
  11. Venture

    Venture Regular Member

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    ePassporte will be back. there is no real concern there.


    [​IMG]

    you think they can walk away from dozens of people like that w money in their system?

    no.

    :)

    the problem is Visa, not ePassporte.
     
  12. webmacho

    webmacho Registered Member

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    I'm not saying they take your litle money
     
  13. stevemib

    stevemib Jr. VIP Jr. VIP Premium Member

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    Correct me if Im wrong but Epassporte has a bank wire option also. I did sign up last year but never used and remember verifying my bank account. I never got the visa as I felt paypl was easier and cheaper and didnt need another visa.
    I think the panic is the fact that if you transferred funds to your visa it is now frozen. That could take some time as they would have to reverse millions of transactions. I do agree it will be resolved asap though, they are just to big to fall.
     
  14. exXtr@

    exXtr@ Power Member

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    wow , i got an epassporte account especially for the visa function. i hope they can hook us up with some other type of card to use . this is sad
     
  15. flaktrak

    flaktrak Power Member

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    Ibill did! and they had more and bigger clients than epassporte cold ever hope to!
     
    Last edited: Sep 5, 2010
  16. LordSwarovski

    LordSwarovski Jr. VIP Jr. VIP

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    since I saw that screenshot of 250 000 $ being blocked, I feel way better, compared to my 350$ :)
     
  17. PandaMeat

    PandaMeat Newbie

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    Been saying this for years on adult forums. People operating from a shady bank thats always in the center of shady banking practices WHILE doing things as a company like becoming primary facilitator of illegal offshore gaming for US Citizens will only end in tears for all.

    The only surprise to me is that it took this long.

    I feel bad for people in other countries who used it to receive affiliate payments but it is no surprise that a company of that size which has proven time and time again to be thoroughly inept and incompetent, with only ONE PERSON (Michael) to reliably deal with support issues has collapsed. There is no excuse to have any money in epass other than the last transfer you received. The guy with the alleged 250k in his epass account is beyond retarded.

    And some of you believe they will be back? Really? So many years of total incompetence, their own story right now makes zero sense and does not jive with the facts and you cant wait to trust them with your money again? Wow.
     
  18. PandaMeat

    PandaMeat Newbie

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    Chris is a better film producer than CEO and i'm sure everyone here watched Middlemen. haha - maybe not. Oh... wait. Thats funny. A guy watches his $20,000,000.00 film bomb and weeks later all the cash in his company is frozen? Probably just a coincidence.
     
  19. xiphre

    xiphre Regular Member

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    Ibill/Epassporte are two totally different types of cases.
     
  20. webmacho

    webmacho Registered Member

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    hot or not they are down and nobody works with them any more