epassporte

[Rand]

Originally posted by lassiter

If Epoch is shunting off my failed signups to the "separate company" Epassporte, and Epassporte is taking a fee from someone (presumably from the receiver, if this is the same as PayPal's model) then where does Epoch even come into the picture to take its 15% of the gross for that non-Epoch signup? PayPal, for example, only charges a 3% transaction fee for receiving payments.

Epoch is the payment gateway, as we are for anyone under our IPSP agreement or using us as a gateway to their own merchant account. Epoch charges a fee for it's services.

It seems like I'm stating the obvious here, but, PayPal does not allow adult transactions (MCC 5967) which are considered by Visa as high risk. In the eyes of the banking institutions, if one transaction is a 5967 tran, ALL of the trans processed to that merchant account are considered high risk. Which is why they got out of the business of adult and why they charge a much lower fee. Their risk, their parameters, the rules they must abide by are very different. [/b][/quote]

What happens if I set up a business account with Epassporte, and offer it directly on my tour's join page as an alternative to paying Epoch by CC or check? I get exactly the same result (a signup and payment via Epassporte), but I'm no longer paying Epoch an additional 15% off the top. Sounds like a better deal than letting Epoch shunt the sales off to Epassporte while still taking a cut that isn't theirs.

Did you say something earlier about the twilight zone???

Epassporte is a payment mechanism and a Visa product. They are not an IPSP. They do not approve or decline transactions. That's Epoch's role in the process. No other IPSP, at this time, has any agreement with Epassporte.

What is the processing fee for receiving payments via Epassporte directly? I guess if it's still 15% then its the same either way (though it's hardly competitive with PayPal's 3%), and these comments are irrelevant, but I am curious.

You cannot compare rates of Epoch / Epassporte / PayPal. They are not like entities in terms of their place in the markets.

If you want a PayPal "type" of alternative to sell goods / services directly with ePassporte, they offer something called ePpurchase. You would need to contact someone in sales for a rate.

However, if you have funds in an Epassporte business account that you want to "cash out", you simply pay whatever ATM fee your local bank charges to withdraw the money, or, for large sums of money you could have it wired from your business account. The way that most people use a business account is simply moving money to affilates at a cost of $2 per push, regardless of the amount. There are no percentage costs. A personal accoun holer can transfer money to any other Epassporte account holder at 25 cents per push (up to 5 per day).