So it means 100% you don't have to report my account to anyone unless there is fraud payment made?
Worldcore banking alternative with debit cards.. Please Read!
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Will you accept payments from other account not in my name? sorry of that has been asked already!
I just want to let you know that I'm happy with your service. I'm referring your service to many of my friends and business partners!
Thank you thu&¤#thu&¤#thu&¤#
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Hi I'm HoFo and love Internet Privacy and OffshoreCorpTalk dead:-!
Worldcore is not really global. It does not accept persons from majority of countries including US!
Damn, unfortunately not many banks now a days accept US ctizens! What country are you from?
You mind to elaborate and even pin point your concerns ?
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I want to make clear that I have not suggested anything nor will i ever do that. If you read thru these so called AML and KYC provisions we can look directly to Paypal as a prime example. These provisions allow these providers to freeze funds at any given time without any further explanation. Money Laundering and all these buzz words that make the rounds are just a pretext, plain and simple. We are living in a parallel world of common law and civil law on one side and the UCC Uniform Commercial Code on the other side with the latter being the dominant force. Everything needs to be seen from a commercial point of view. If you read thru all the provisions, everything is so broadly stated that any interpretation of these provisions can justify the freezing of funds at any time. Paypal is a prime example for that. They have mastered a business model based on these provisions where they can freeze funds for months to make up for any cash shortfall that they might experience. Thousand of business owners have gone out of business because of these practices by Paypal. This information can be found on the internet. I also had the “pleasure” to have been in contact with a couple of folks personally. But how can they prove anything...it is all about protecting them from the bad guys, isnt it? Again, I am not suggesting that any other business will ever engage in these practices. I am just pointing to the setup of these provisions, that based on these provisions this option should be in the back of everyones mind when considering a business account with these types of institutions. People make one mistake generally: Just because a legal entity is registered with a government agency does not make the common man any safer. He needs to understand who these provisions were written for and what they actually mean. And mostly it is not for the reasons the common man thinks it to be. I have just noticed that this company advertises with you. So this post might be a conflict of interest. Feel free to delete it if you need to, no problem. I have just replied to your question. Regards.
I totally agree with you. But how does it differ from other similar companies? As you already explained it happens with PayPal and various other payment processors almost every day. So far, personally I have had no problems with PayPal at all, I'm using them since 2005 - Not a single issue at all.
I know WorldCore, Advance cash and similar companies don't have the size of PayPal and therefore the risk they will or can freeze accounts may or may not be higher, but that said.. if a small company does that, they will went out of business quickly.
But I share your fears. Bad examples are iBill, ePassport, PSBill, Pago and many more.. have been there done that. What I suggest everyone is to now put all your eggs in one basked!! That's also very common way of doing high volume payment processing these days.
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I know WorldCore, Advance cash and similar companies don't have the size of PayPal and therefore the risk they will or can freeze accounts may or may not be higher, but that said.. if a small company does that, they will went out of business quickly.
But I share your fears. Bad examples are iBill, ePassport, PSBill, Pago and many more.. have been there done that. What I suggest everyone is to now put all your eggs in one basked!! That's also very common way of doing high volume payment processing these days.
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Latest Video Interviews, Offshore Company Resources, Payment Processing Tips & Tricks, Articles and Anonymity Hints only a click away!
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Disclaimer: Nothing I say should be taken as tax, legal or financial advice. Anything I say is for general informational purposes only. Always seek independent professional advice.
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Disclaimer: Nothing I say should be taken as tax, legal or financial advice. Anything I say is for general informational purposes only. Always seek independent professional advice.
Totally agreed and to most people it probably will never happen. It usually happens only with the larger transfers. Smaller amounts would not make any business sense as that would make too much noise. Its better to freeze 60k with one click than 60k with 100 clicks. Instead of 100 bad reviews you will only get 1 instead and you got more bang for the buck. Thats the better business model and this is what these AML provisions are used for. As you said, most will likely never be affected as these kind of providers are mostly used to get a Mastercard for shopping purposes. If you check out the “headquarters´” of this provider on Google then it is pretty obvious to me that this company is more or less a startup where things can still go either way. So knowing that 50k would be sent to their omnibus account where they have full control of the funds would make me personally very uncomfortable. But the terms and conditions are laid out clearly and everyone finally has to make their own decisions. The constant whining when the pudding actually hits the fan is what I cant follow because one could have read the terms and conditions beforehand.
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