Quote:
Originally Posted by Yngwie
With our rapid growth, some users tried taking advantage of our system. As of this week we enforced the $10,000.00 per month maximum load limit on our Paxum Prepaid Mastercards. This has been done to weed out people who wanted to use Paxum to launder money and put other Paxum Account Holders at risk.
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I think these are valid concerns, and probably what at the end caused epassporte to fall down was too much abusers. So it's good to have some limitations and follow all necessary regulations if you want to keep things running long time without problems. Security is always a balance between keeping things enough functionable to legit users while keeping the abusers away though there will always be those too. Will be good if you can offer over 10k/month cash withdrawals to people who want that, with proper verifications, but most important is that the service will be following all the needed regulations to keep it alive.
Another example is E-gold it was running even longer than epassporte but one day everything just stopped because it was too much associated with money laundring etc.. this same risk is with any similar service if they let people move money too freely and too much.