Epass shit - fan interaction

[softball]

I have never even thought of using epassport. So, i just looked at their webpage, and still see no resason to use them. Correct me if I am wrong, but it seems that a lot of people had a lot of money sitting in some else's offshre account. A ticking time bomb. Why not use th conventional banking system that at least has a few more checks and balances and accountability. Could someone clue me in on what I am missing?

[Toby]

Originally Posted by rhetorical

Why not use th conventional banking system that at least has a few more checks and balances and accountability. Could someone clue me in on what I am missing?

Two reasons. They were hiding income from the tax man. They we're avoiding high fees for cashing/depositing checks from another country.

I only use ePass for a handful of sponsors, all of them EU based, that do not issue checks through a US bank. I only make enough sales with one of them to get a payment every month. However, I have my account set to go directly to my ePass wallet. I don't even have one of their "Virtual Visa" cards. I just transfer the funds to my bank account.

[Greg B]

Originally Posted by rhetorical

I have never even thought of using epassport. So, i just looked at their webpage, and still see no resason to use them. Correct me if I am wrong, but it seems that a lot of people had a lot of money sitting in some else's offshre account. A ticking time bomb. Why not use th conventional banking system that at least has a few more checks and balances and accountability. Could someone clue me in on what I am missing?

It ain't sayin' much about the safe infrastructure of the conventional banking system considering the number of bank failures of recent and hundreds more failures predicted by year's end.

People use ecommerce solutions like Epass for any number of reasons. It's the illicit use that ruins things for everyone but a look at our mainstream banking system shows that crooks are rampant all over. The government didn't have to give billions of $$$ to Epassporte to bail them out. ( yeah I know they're not a bank but you get the picture ).

Toby said it right in his post above.

[EmporerEJ]

Originally Posted by Greg B

It ain't sayin' much about the safe infrastructure of the conventional banking system considering the number of bank failures of recent and hundreds more failures predicted by year's end.

.

Odd, I was just reading about the "record profits" of all those "failed banks."

Help me here......how many have "failed," exactly?
As I recall, the number was MUCH lower than anticipated, and more in line with normal level.

Don't drink the kool aid.

[softball]

Originally Posted by EmporerEJ

Odd, I was just reading about the "record profits" of all those "failed banks."

Help me here......how many have "failed," exactly?
As I recall, the number was MUCH lower than anticipated, and more in line with normal level.

Don't drink the kool aid.

None in Canada