Do you guys think something similar could happen to TransferWise? I've already had issues with Revolut this year..Again I tried to warn people about epayments back in November . See my below post:
I assume there is a huge marked for selling documents in Russia. If you are good you can get a lot of shit 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
They do have some KYC procedure. They do not accept clients from the Balkans, Russia, Soviet Nations etc, also USA citizens are not allowed and most of Africa.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?
Okay, that didn't take long:DSX seems to be working as before except deposits of funds directly from epayments are disabled... huh
Unlikely with TW which is backed by Richard Branson etc. Revolut however is a Russian EMI in UK so good luck anyone with money there. You have been warned.Do you guys think something similar could happen to TransferWise? I've already had issues with Revolut this year..
If they decide they have to do extra due diligence before sending out payment they could enforce the below condition and legally steal £50,000 from any balance. Think Rietumu bank...lol. Hopefully no one lied to them .they are dead either way from day one - the only question remaining... will people get their money?
Their terms and conditions
"10.3 You shall pay us the sum of £50,000 (Sum) on demand or we may deduct this Sum from the balance of your ePayments Account without notice if you use your ePayments Account and/or the Services in connection with any industry or activity that is set out in our prohibited activity list on our Website."ePayments.com is electronic payment system for those who earn money on the internet. Open an electronic wallet and make quick online payments and withdraw funds at any time. Instant registration and low transaction fees.www.epayments.com
Hahaha very funny. I'm pretty sure there were 100 times more legit affiliates etc. than chaturbate models on ePayments.seems the prostitutes who were using ePayments to receive money from chaturbate are now switching over the Paxum
Hahaha very funny. I'm pretty sure there were 100 times more legit affiliates etc. than chaturbate models on ePayments.
Yes there are problematic niches (which e.g. Payoneer doesn't want) but that wasn't the primary reason. The primary reason was that the UK regulator
got fed up with the volume of suspicious transfers to which they cannot provide KYC / source of funds...
I do not see any good solution, same thing happening to MisterTango, to Monese, to Revolut... Maybe if everyone switched to crypto and central banks and nation states collapsed, noone would need EMIs.
I'm a huge crypto supporter too but... we shouldn't forget that earning purely in crypto and spending purely in crypto doesn't change anything about you being liable to pay taxes from your income. The only difference is how (un)traceable it is. One can hide his earnings in fiat too, it's not that difficult especially in some parts of the world and with experience. Crypto only makes this easier. No matter what one probably doesn't want to spend rest of his life in fear that in 10 years some bastards from the tax office will find out and put you to prison (you don't need to owe that much on taxes for that to happen)Maybe if everyone switched to crypto and central banks and nation states collapsed, noone would need EMIs.
Define "still works".KJK, ali 3 service you mentioned, as I can still works, or I am wrong...?
Thanks for detailed info, I see You know this field very well bro...Define "still works".
MisterTango almost collapsed, closed most accounts on a one day notice and now you can re-sign up after extensive KYC.
Monese is operational but hates crypto and will close your account if you have high turnover; terrible support.
Revolut is operational but at the moment thousands and thousands of people's accounts are closed and they are demanding insane documentation for source of funds, agreements, bank statements, tax returns, more and more questions; terrible support.