ePayments is gone!
- Thread starter dimar
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Is anyone planning to go back to business as usual with them if they return? Or are people simply waiting to withdraw their money?
There is no date set to when they will get in full operation again or has anyone heard anything.
Well, they were good for 4-5 years never had a problem, so if they continue to work, this will be "one-time problem" so probably they will continue and be careful to avoid the same situation the second time.
On the other side, if they not continue, that means they will probably take our money, and in that case, we don't have any choice 🙂 That is a way I see the stuff...
On the other side, if they not continue, that means they will probably take our money, and in that case, we don't have any choice 🙂 That is a way I see the stuff...
Hello guys,
Has anyone got any insides on when e-payments will re-launch, or close down? I heard they are chaging relationship managers for Corp clients, maybe they provide updates on what’s happening? It very irrretating that they leave no concrete news for their clients for over 3 months.
Has anyone got any insides on when e-payments will re-launch, or close down? I heard they are chaging relationship managers for Corp clients, maybe they provide updates on what’s happening? It very irrretating that they leave no concrete news for their clients for over 3 months.
I saw this yesterday, a friend sent me, I am not very optimistic but this maybe can help (petition for UK government to do something about their company repayments, when I say "their" I mean company that has licence to operate from Uk...) https://www.change.org/p/myepayment...xp=message-21698198-es-ES&share_bandit_var=v3
Apart from amateur I guess (see below)...lol. But your right if people don't pull their money out of this EMI immediately after it has been held during a pandemic I don't know what to call such people other than complete suckers for punishment.
If people all rush to withdraw their money the EMI cannot make any further money from them....lol. The business model becomes unsustainable and the business will go poof after capital runs out.
Indeed, but it is different to a bank run. In a bank run there aren't enough available funds to repay the deposits as the funds have been lent out. With an EMI it's different - everyone can withdraw their deposits and the EMI can rebuild their business with the few clients they have left / new clients.
Exactly. In theory. ePayments shouldn't have done any funny things that a bank can do (issue loans, invest into bonds, lend money to another fin. institution). So they should have all the money available and be able to send it immediately.
In practice, you have no idea what is the actual problem with ePayments. The regulator didn't like︀ something... My opinion is that they probably have enough funds but something is still preventing︁ them from continuing operations. So they are probably dead, the same was as Mister Tango︂ is "dead" (despite what their homepage claims).
In practice, you have no idea what is the actual problem with ePayments. The regulator didn't like︀ something... My opinion is that they probably have enough funds but something is still preventing︁ them from continuing operations. So they are probably dead, the same was as Mister Tango︂ is "dead" (despite what their homepage claims).
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