Wednesday, 22 September 2010

Visa suspends Epassporte

Users around the world are still caught up in the on going battle between VISA and epassporte ( An online credit card processor )

While epassporte customers are still able to access some of their funds,  funds tied up with VISA, in so called , VISA virtual accounts, are now frozen at present.  Funds certain customers have been lucky enough to have been stored in their epassporte wallets are safe, and over the past week more people have reported having these funds wired to them by epassporte, who were at first a little slow it seemed to get the balls moving .  This however is still not good news for epassporte, with millions of dollars tied up in frozen accounts,  the company has already lost huge business.  Payoneer ( another credit processing company ) are seeing their members list soar, as desperate ex epassporte users desperately seek another more reliable method of transfering funds.

This has served as a huge shock to many webmasters around the internet , who relied on epassporte as a main method of not only receiving money but also paying people around the world . Hopefully this chance for payoneer will be appreciated by them and reflected in the business they can offer new webmasters who at a time like this are going to be extra wary about where their funds lie.

If epassporte manages to find a solution to release frozen funds back to customers, it is still questionable wether this business is one which will survive .  As every day goes by , more people vow never to trust them ever again .  A reputation like this is going to be a sure big blow for the company , if not the end .


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