ecorepay.cc scam or legit ?

Discussion in 'How to accept credit card payments' started by Lurence, Jun 20, 2018.

  1. Lurence

    Lurence Active Member

    I see a few reviews online that they dont pay out ?

    Does anyone have any experience with ecorepay they can share ?
     
  2. LucyOffshore

    LucyOffshore Active Member

    The real question is why you would want to choose this payment processor over ones like 2co or stripe?
     
    Mary96 likes this.
  3. Lurence

    Lurence Active Member

    They accept more high risk businesses, Life would be simple if we could use processors like 2co etc...
     
  4. negon

    negon hannibal the cannibal Mentor Group Business Angel

    High Risk processors come and go as fast as you can count to 123 there is a lot of business in it. It's important to understand that you have to do a lot of research in order to avoid to loose your money!
     
    chloeward likes this.
  5. Lurence

    Lurence Active Member

    Thats the thing they seem to have been around for many years, look very professional & there high levels or requirements for the application process. Just there are so many reviews about them not paying out...
     
  6. javier

    javier Active Member

    HI,

    I have an account with them for around 6 months.

    The reason for not receiving payments is due to the last bank from Ghana.

    They were processing via a bank in Ghana which one day stopped processing for all merchants due to

    many chargebacks i suppose.

    Ecorepay accepts high risk merchants so keep in mind that every merchant has a high risk of closing at anytime.

    At the moment they are using a chinese solution and if you have chargebacks you cannot file a dispute, so every transaction

    that is being charged back will be lost unless the client asks to cancel the chargeback and provides an official letter from the bank.

    Also you have low max amount per transaction (1000$) but the good news is that it is non 3d.

    Hope that helps.
     
  7. Lurence

    Lurence Active Member

    Thanks for the input but have you ever received a payout from them in the 6 months you have had a account there ?
    I understand all the high risk aspects, chargebacks etc just wondering if anyone has received payments from them ?
     
  8. javier

    javier Active Member

    Of course, i am receiving payments now as well.

    I still have a few thousands EUR stuck with the bank in Ghana, but they will be released after the 6 months reserve.
     
  9. Lurence

    Lurence Active Member

    ok great sounds good.
     
  10. Lurence

    Lurence Active Member

    @auric DM me if you can help with any processors or pp accounts there can be a good % in it for you.
     
  11. Lurence

    Lurence Active Member

    Hey, Let me know how you think you can help.
    I dont have the facility to PM but can look into this if you have something good.
     
  12. tr92

    tr92 New Member

    ecorepay.cc is a scam. They won't release your money ever. Google "Trustpilot ecorepay" to understand what is going on. People posting here that they received payouts are shills.
     
  13. negon

    negon hannibal the cannibal Mentor Group Business Angel

    great thanks for letting us know! did you lost money with them?
     
  14. javier

    javier Active Member

    Hi all,
    As i said on my former message, i did receive payments from ecorepay in the past and the reason why they seized paying the first time is because the bank closed the mids to our sector due to high chargebacks rate.
    Now i dont have good things to say about ecorepay since then because the chinese bank where i opened the mid had the visa mid closed and is keeping the money for the 6 months period, so i have money stuck there again.
    About a month ago i resumed processing with the first bank from Ghana, since its another option for me to process almost internationally.
    Next week i should get a settlement released, ill make sure to post here the results just for you to know.
    Again i am saying, ecorepay is the lowest priority for me.
    I only have it just in case other psp's fail, but for high risk merchants they give you the option to process many countries which is good.
    Other then that, they have a poor customers service.
     
  15. moneynetwork

    moneynetwork Corporate Services Mentor Group Business Angel

    I would never trust ecorepay.cc , so many peolpe had bad experiences with them. Maybe they accept more high risk business, but they also accept keeping your money!
     
  16. tr92

    tr92 New Member

    yes, I won't share details now, because we are looking for ways to handle it.
     
  17. Lurence

    Lurence Active Member

    Dont trust them they are a complete scam.
     
  18. javier

    javier Active Member

    Hello everyone,

    Just an update on my status with Ecorepay.
    I was supposed to receive a settlement last weekend and upon checking with one of their employees, I was advised that this has to be approved
    first with the payments department.
    He refused to transfer me to payments department although that according to him is placed in the Netherlands (this conversation took place at 9 am GMT).
    On monday i received an email saying that my account is closed due to it not being beneficial for them.
    My advise, dont work with ecorepay.
     
  19. tr92

    tr92 New Member

    so you mean they closed your account without payout? so basically robbed you?
     
  20. Lurence

    Lurence Active Member

    Thats exactly what they will do then tell you to wait a year before they will consider your payout. I dont know how they can keep doing this time after time....