Epassporte Ceases Operations

Epassporte, best known for payment processing for adult webmasters as well as a two year entry into online poker processing, has abruptly closed its doors.  Epassporte stopped processing online poker transactions in April 2008 after pressure from the Department of Justice.  They were never charged with any crime and never paid any type of civil penalty, at least not one that was ever made public.

It seems without the online poker processing there was little revenue for Epassporte.  Just last month the Epassporte prepaid Visa shut down abruptly without much in the way of an explanation.  This sent their business into disarray.  Visa later declared it was due to their program’s “deficiencies” without going into more detail.  Epassporte users were sent this message:

Dear ePassporte Account Holders,

It is with great regret we inform you that ePassporte must close its doors due to a lack of revenue and circumstances beyond our control.

Effective immediately, the call center, ePassporte’s sales and marketing team and risk management staff will no longer be available. A small group will remain to organize wallet requests and help disburse funds. On the ePassporte website, in the near future, wallet holders will be provided further information on what is needed to obtain your funds. This will mainly be a process to protect wallet holder funds from fraud. We expect this will be a simplified process, and as we receive the necessary information, our small remaining staff will process requests as quickly as they can. Please direct your wallet questions, concerns and requests to walletrequest@ePassporte.com.

For those of you with funds on your Visa Accounts, we are informed that St. Kitts Bank is working on a plan to provide everyone with full access to their funds through their Visa Electron Cards or by bank wire transfers and will inform you accordingly.

We appreciate your support for the ePassporte program over the past 7 years and deeply regret we must close our doors at this difficult time.

Sincerely,

ePassporte.com

3 thoughts on “Epassporte Ceases Operations

  1. “It seems without the online poker processing there was little revenue for Epassporte.”

    I’m curious as to how you gathered that? The adult industry is huge, and epass did a huge amount of the processing in that vertical. I would bet that the reason was either a mismanagement of funds that caused the sponsor bank to shut them off, or they sponsor bank deemed the transactions as too high risk because of the nature of the transactions.

  2. From what I gathered about Epass from my own experience of trading money was that as soon as they stopped processing online poker their staffing and quality needs deteriorated quickly. I know they processed adult webmaster affiliate payments and processed some payments but their heyday seemed to be during the 2 years or so they processed online poker to compliment their existing business model. When that went it all seemed to go downhill. It was an opinion based on my own experience and from my research but certainly is up for debate.

  3. Fair enough. I just thought you may have further insight into the amount of processing they did for the adult industry. I haven’t directly worked with adult, but have associates that do. All of them used mostly epass for their transactions, so I was assuming that epass had a fairly large volume to at least make their business still feasible. But perhaps you are right, because afterall the processing was for webmasters, and the number of adult webmasters is obviously a drop in the bucket compared to the number of online poker players that were using epass. No doubt their heyday was with the poker processing, but I just assumed (and maybe wrongfully so) that they adult processing would have been enough to keep a shaved back business afloat.

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