ePayments is gone!

[Michael Valentine]

My prepaid epayments card is blocked. I can't use it anymore.
So from what I understand, they just need to implement more due diligence, it should not take that much.
The FCA is less a problem than Mastercard. If it would have been mastercard, this would have been another story.

They have stopped issuing Mastercard for some time in 2018, and resumed in 2019 AFAIR.

 

[Gediminas]

Anyone have an alternative accepting swift&sepa transfer from crypto exchanges?

... or emi/banks (uk best) for UK LTD which accept transfers TO crypto exchange?

Yes.

Verifo (LT), Pervesk (LT), and Wirebloom (UK) should accept it. Feel free to email me if you want a smooth onboarding with the compliance.

 

[quartz911]

Last night I received mail as well.They just approved my account 3 days ago.Glad never used it.Process was too long for KYC.

 

[KJK]

So how do I get funds out? The world is getting worse and worse each day in this aspect.
I lost multiple accounts this and last year, maybe I should stop counting them...

 

[void]

So how do I get funds out? The world is getting worse and worse each day in this aspect.
I lost multiple accounts this and last year, maybe I should stop counting them...

wait and hope, as usual - similar story to leopay...

 

[Martin Everson]

Lets hope they simple just return them to you eventually. Hopefully they don't require extended due diligence and paperwork to get your funds back.

 

[Gediminas]

wait and hope, as usual - similar story to leopay...

I wouldn't give much hope to this. I have some information (unfortunately, not for the public) about how much they owe to some guys and how they are playing games to not pay that back.

 

[rowena]

My accounts(individual+company) are gone. I received about 400-500k eur via ePayments last in 12 months without issues and fortunately, I left only several euros in my ePayments account right now. I always send my money to my bank accounts immediately from EMIs.

 

[Martin Everson]

Again I tried to warn people about epayments back in November . See my below post:

ePayments may have a hidden agenda, be warned.

I assume there is a huge marked for selling documents in Russia. If you are good you can get a lot of s**t setup in strangers name without them knowing it before it is too late!

www.offshorecorptalk.com

I repeat for maybe the 100th time on here. NEVER EVER EVER EVER go near a Russian EMI or bank period - no mater what country it is operating from period!!!!

Lastly if anyone is using Euro Pacific Bank your turn is coming....lol

 

[Mark Rucken]

Oh well, not that we did not see it coming. As soon as you hear a rumor a certain EMI is struggling, run away.

Who is next?

 

[Martin Everson]

Who is next?

Lastly if anyone is using Euro Pacific Bank your turn is coming....lol

I predicted it on here early last year EPB will be gone but it has not happened yet . Although I did notice they changed correspondence bank for an undisclosed reason

 

[LisaSimpson]

YOu may find the following information useful. I found it on the FCA website:

NewRegister

register.fca.org.uk

 

[Martin Everson]

Interesting.

So clients will only be allowed to send first party payments to a bank in their home country. This sounds like AML issue involved tax evasion potentially?

 

[Mark Rucken]

I predicted it on here early last year EPB will be gone but it has not happened yet . Although I did notice they changed correspondence bank for an undisclosed reason

I am surprised EPB is still around, but then again, they have been around for so long now and still accept new clients, maybe someone powerful is behind them and that keeps them afloat? The fact that they do not accept non-EU European clients, including Russians, maybe helps them with correspondent banks?

 

[Martin Everson]

The fact that they do not accept non-EU European clients, including Russians, maybe helps them with correspondent banks?

They only accept EU clients is that correct?

Do they ask those clients any questions on sign up ensure those clients are not with them to avoid CRS?

 

[ontherun]

ePayments was used by a lot of prostitutes. It was one of the main processors in the pornographic world

 

[aplusbangla]

Just got an e-mail that they've suspended all accounts. Fortunately my account is currently empty

same as me

 

[void]

So clients will only be allowed to send first party payments to a bank in their home country.

now everybody is thinking about how to get their name on that list of "agreed customers"

 

[KJK]

"Must not conduct business with customer classified as corporate, individuals, and/or freelancer customers".
I wonder what is left? Maybe wiring money to aliens. If what will remain of them is online wallet which can be only topped up/withdrawn from own bank account, I don't see any good use for that. It is like Paxum.

And does this affect their crypto branch (DSX)? I think they were connected quite closely.

 

[void]

And does this affect their crypto branch (DSX)? I think they were connected quite closely.

DSX seems to be working as before except deposits of funds directly from epayments are disabled... huh