ePayments may have a hidden agenda, be warned.
- Thread starter happyjohn
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I second john spectre and calvin. I use Epayments since 2016, I have never had a problem with problem with them. On top of that they never blocked any of my inbound or outbound transfer, it is rare nowadays.
It could worst. I had a Xapo and first bank account in the past. When Mastercard shut them down it was over.
They didn't come back to business. I think they will get brankrupt. How long can you pay employees without revenue?
Then, once they will come back to business, no one will accept to work with them anymore. People may want to withdraw their money and that's it.
the reputation of epayments will not be reinstated.
Paxum for instance blocked all SEPA transfer to epayments.
If you have a lot of money blocked on a epayments account, it is time to go through the︀ 6 month procedure of the ombudsman procedure to get it back.
Then, once they will come back to business, no one will accept to work with them anymore. People may want to withdraw their money and that's it.
the reputation of epayments will not be reinstated.
Paxum for instance blocked all SEPA transfer to epayments.
If you have a lot of money blocked on a epayments account, it is time to go through the︀ 6 month procedure of the ombudsman procedure to get it back.
Seems like they are planning to come back online as I have received below email last week:
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Keeping you safe with Strong Customer Authentication
Hello !
Protecting you is our top priority. To help live up to this commitment we’re implementing a new authorisation process across ePayments.
From the 6th April 2020 we’ll be implementing Strong Customer Authentication (SCA).
What is changing?
For your security, we’ll be requiring all ePayments customers to provide a second form of authentication every time you access your account or perform a transaction.
This second factor will always be generated through the ePayments app so we highly encourage you︀ to download and install the app today so you don’t miss a beat when the︁ change comes into effect. You can do this now by visiting the App Store or︂ Google Play.
This change won’t just make your account more secure, it will make it︃ easier to use ePayments. Rather than manually entering confirmation codes, you’ll be able to verify︄ your identity with a single button in your mobile app.
What do I have to︅ do?
Once you’ve downloaded the app, you’ll need to link your chosen mobile device with︆ your ePayments account and confirm that it’s a trusted device. You can do this any︇ time, starting from 6th April 2020.
There are two ways to achieve this:
Recommended -︈ via the ePayments app. To register a trusted device you’ll need to sign into ePayments︉ with your username and password and authorise the device. When you do this, you’ll be︊ prompted to confirm your identity via your existing choice of authentication - either SMS, Google︋ Authenticator or Push notification.
If you don’t currently have 2-factor authentication set-up we’ll send you︌ a confirmation code by SMS.
Once you’ve successfully logged in, we’ll ask you to confirm︍ that this is your trusted device. Once that’s done, you’re good to go.
From your︎ web browser. You can visit the ePayments site and have the system generate a QR️ code. You will then need to open the ePayments app and scan the QR code to confirm your trusted device.
How will it work?
Once you’ve switched to the new authentication system you’ll no longer use your existing authentication method to login or confirm an action on ePayments. Instead every time we need you to confirm an action this will take place via the ePayments mobile app.
We’ll send a request to your nominated trusted device each time you log in to your account or make a transaction from another mobile device or a desktop machine. You’ll need to log into the ePayments app and︀ confirm you made the request by clicking on “Confirm”.
If you’re using ePayments on your︁ phone or tablet, you can confirm your identity through biometric ID (if your device supports︂ this option) or with your PIN code.
Need more information?Only use them for letting money and crypto floating don't use any EMI including AdvCash to store large amounts.
If you ask me as you do then I never have more then 4 - 5K on the account longer then 12 hours. But that's just me.
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