Epay claims it is 100% free, so, how they earn profits???

sylvially

member

Activity: 102

Merit: 10

Quote from: shorena on July 27, 2016, 02:23:48 AM

Quote from: sylvially on July 27, 2016, 01:53:01 AM

-snip-
They only charge 18$ to withdraw money to an external bank, no other service fees. And what's the "Tos" mean?when we try to open an epay account, we are asked to fill in some information such as basic info,

So there is one source of income. ToS means terms of service you usually have to accept them when you create an account. Its the legal fineprint, even though some terms might be illegal depending on your juristiction. A basic profile (full name, mail, age, all correct data) might be worth a few USD, but that creatly depends on the data quality.

I think you are right, user's profile info itself is wealth.

shorena

copper member

Activity: 1498

Merit: 1528

No I dont escrow anymore.

Quote from: sylvially on July 27, 2016, 01:53:01 AM

-snip-
They only charge 18$ to withdraw money to an external bank, no other service fees. And what's the "Tos" mean?when we try to open an epay account, we are asked to fill in some information such as basic info,

So there is one source of income. ToS means terms of service you usually have to accept them when you create an account. Its the legal fineprint, even though some terms might be illegal depending on your juristiction. A basic profile (full name, mail, age, all correct data) might be worth a few USD, but that creatly depends on the data quality.

sylvially

member

Activity: 102

Merit: 10

Quote from: shorena on July 27, 2016, 01:10:45 AM

Quote from: sylvially on July 26, 2016, 10:18:06 PM

Quote from: shorena on July 25, 2016, 11:47:35 AM

Quote from: sylvially on July 21, 2016, 03:42:19 AM

Hello guys,

Anyone here heard Epay? I was earning on Bitcoin forums, and was attracted by its massive ads. ...It claims that it's always free to make internal transfer(including send & receive funds). For that I have some doubts, how they earn profits? Hmm, It seems unbelievable. All the processors I know like pm, wm, payza are chargeable.

I tried to open an Epay account at epay.com specially to check if it is true or not, the result is yes. So, how can this company survive? without fees?? I really think there must be something rather suspicious somewhere..... Huh

Internal transactions are very likely done "off-chain" thus its nothing more than changing two database entries and maybe add one for logging. These should cost as little as a post in this thread, probably even less. Many online wallets or services all internal transactions without fee (think tipping in casinos or wallets like xapo). It helps attract costumers and its not their main source of income (bets, ads, profiles, external fees).

So, what will be their main source of income? users' info?

I dont know, do they ask for a large number of private information and have ToS that allow them to use or resell those? Do you see ads on the page? Are there any fees when you want to withdraw to an external wallet?

They only charge 18$ to withdraw money to an external bank, no other service fees. And what's the "Tos" mean?when we try to open an epay account, we are asked to fill in some information such as basic info,

shorena

copper member

Activity: 1498

Merit: 1528

No I dont escrow anymore.

Quote from: sylvially on July 26, 2016, 10:18:06 PM

Quote from: shorena on July 25, 2016, 11:47:35 AM

Quote from: sylvially on July 21, 2016, 03:42:19 AM

Hello guys,

Anyone here heard Epay? I was earning on Bitcoin forums, and was attracted by its massive ads. ...It claims that it's always free to make internal transfer(including send & receive funds). For that I have some doubts, how they earn profits? Hmm, It seems unbelievable. All the processors I know like pm, wm, payza are chargeable.

I tried to open an Epay account at epay.com specially to check if it is true or not, the result is yes. So, how can this company survive? without fees?? I really think there must be something rather suspicious somewhere..... Huh

Internal transactions are very likely done "off-chain" thus its nothing more than changing two database entries and maybe add one for logging. These should cost as little as a post in this thread, probably even less. Many online wallets or services all internal transactions without fee (think tipping in casinos or wallets like xapo). It helps attract costumers and its not their main source of income (bets, ads, profiles, external fees).

So, what will be their main source of income? users' info?

I dont know, do they ask for a large number of private information and have ToS that allow them to use or resell those? Do you see ads on the page? Are there any fees when you want to withdraw to an external wallet?

sylvially

member

Activity: 102

Merit: 10

Quote from: shorena on July 25, 2016, 11:47:35 AM

Quote from: sylvially on July 21, 2016, 03:42:19 AM

Hello guys,

Anyone here heard Epay? I was earning on Bitcoin forums, and was attracted by its massive ads. ...It claims that it's always free to make internal transfer(including send & receive funds). For that I have some doubts, how they earn profits? Hmm, It seems unbelievable. All the processors I know like pm, wm, payza are chargeable.

I tried to open an Epay account at epay.com specially to check if it is true or not, the result is yes. So, how can this company survive? without fees?? I really think there must be something rather suspicious somewhere..... Huh

Internal transactions are very likely done "off-chain" thus its nothing more than changing two database entries and maybe add one for logging. These should cost as little as a post in this thread, probably even less. Many online wallets or services all internal transactions without fee (think tipping in casinos or wallets like xapo). It helps attract costumers and its not their main source of income (bets, ads, profiles, external fees).

So, what will be their main source of income? users' info?

sylvially

member

Activity: 102

Merit: 10

Quote from: tsaroz on July 26, 2016, 05:50:26 AM

Might be ads, they own most of the faucet listed on the sites. They might charge some fees with the operator in the long run.

Hello, do you mean epay.info instead of epay.com, only epay.info own most of the faucet listed on the sites. epay.com is a processor.

tsaroz

legendary

Activity: 3094

Merit: 1069

Vave.com - Crypto Casino

Might be ads, they own most of the faucet listed on the sites. They might charge some fees with the operator in the long run.

shorena

copper member

Activity: 1498

Merit: 1528

No I dont escrow anymore.

Quote from: sylvially on July 21, 2016, 03:42:19 AM

Hello guys,

Anyone here heard Epay? I was earning on Bitcoin forums, and was attracted by its massive ads. ...It claims that it's always free to make internal transfer(including send & receive funds). For that I have some doubts, how they earn profits? Hmm, It seems unbelievable. All the processors I know like pm, wm, payza are chargeable.

I tried to open an Epay account at epay.com specially to check if it is true or not, the result is yes. So, how can this company survive? without fees?? I really think there must be something rather suspicious somewhere..... Huh

Internal transactions are very likely done "off-chain" thus its nothing more than changing two database entries and maybe add one for logging. These should cost as little as a post in this thread, probably even less. Many online wallets or services all internal transactions without fee (think tipping in casinos or wallets like xapo). It helps attract costumers and its not their main source of income (bets, ads, profiles, external fees).

marlboroza

legendary

Activity: 1932

Merit: 2272

This is micro earnings section, move your thread to service discussions here https://bitcointalk.org/index.php?board=85.0 and maybe you will get your answer there. And this is bitcoin forum, epay.com is for fiat, i am not sure why did you create this thread.

sylvially

member

Activity: 102

Merit: 10

Quote from: asriloni on July 21, 2016, 09:01:15 PM

maybe this 100% free promos will not last forever,it's just for advertising since they're still a new company,just remind me few weeks back when trying to get to their website through google but unfortunately they fail to compete with faucet which have the same name as them it's reflect how they are

but it claims that it’s always free to send and receive money， not for a short time

asriloni

legendary

Activity: 3038

Merit: 1024

Leading Crypto Sports Betting & Casino Platform

maybe this 100% free promos will not last forever,it's just for advertising since they're still a new company,just remind me few weeks back when trying to get to their website through google but unfortunately they fail to compete with faucet which have the same name as them it's reflect how they are

AgentofCoin

legendary

Activity: 1092

Merit: 1001

Quote from: Decoded on July 21, 2016, 08:43:24 PM

Quote from: AgentofCoin on July 21, 2016, 08:42:25 PM

Quote from: Decoded on July 21, 2016, 08:40:40 PM

Quote from: AgentofCoin on July 21, 2016, 08:37:56 PM

Quote from: sylvially on July 21, 2016, 03:42:19 AM

Hello guys,

Anyone here heard Epay? I was earning on Bitcoin forums, and was attracted by its massive ads. ...It claims that it's always free to make internal transfer(including send & receive funds). For that I have some doubts, how they earn profits? Hmm, It seems unbelievable. All the processors I know like pm, wm, payza are chargeable.

I tried to open an Epay account at epay.com specially to check if it is true or not, the result is yes. So, how can this company survive? without fees?? I really think there must be something rather suspicious somewhere..... Huh

This has nothing to do with Bitcoin and as such, is off topic to this forum.

But to answer your off topic question, there are fees: https://www.epay.com/fees.html

Now lock this off topic thread or move it to trash.

I think he means ePay.info...

They're a bitcoin related business, so there's a relevance. But this should be in Service Discussion, not in Bitcoin Discussion.

The OP typed epay.com.

Exactly why I said "I think".

You think this guy is gonna come back and clarify or just disappear like 90% of such threads?

Decoded

legendary

Activity: 1232

Merit: 1030

give me your cryptos

Quote from: AgentofCoin on July 21, 2016, 08:42:25 PM

Quote from: Decoded on July 21, 2016, 08:40:40 PM

Quote from: AgentofCoin on July 21, 2016, 08:37:56 PM

Quote from: sylvially on July 21, 2016, 03:42:19 AM

Hello guys,

Anyone here heard Epay? I was earning on Bitcoin forums, and was attracted by its massive ads. ...It claims that it's always free to make internal transfer(including send & receive funds). For that I have some doubts, how they earn profits? Hmm, It seems unbelievable. All the processors I know like pm, wm, payza are chargeable.

I tried to open an Epay account at epay.com specially to check if it is true or not, the result is yes. So, how can this company survive? without fees?? I really think there must be something rather suspicious somewhere..... Huh

This has nothing to do with Bitcoin and as such, is off topic to this forum.

But to answer your off topic question, there are fees: https://www.epay.com/fees.html

Now lock this off topic thread or move it to trash.

I think he means ePay.info...

They're a bitcoin related business, so there's a relevance. But this should be in Service Discussion, not in Bitcoin Discussion.

The OP typed epay.com.

Exactly why I said "I think". If he does really mean ePay.com, I don't see any relevance and therefore yes, it should be trashed. Unless the OP can provide any valid proof of any correlation between this company and bitcoin.

EDIT - Gonna stop posting here in case someone's like "Stop sig spamming you shit"

AgentofCoin

legendary

Activity: 1092

Merit: 1001

Quote from: Decoded on July 21, 2016, 08:40:40 PM

Quote from: AgentofCoin on July 21, 2016, 08:37:56 PM

Quote from: sylvially on July 21, 2016, 03:42:19 AM

Hello guys,

Anyone here heard Epay? I was earning on Bitcoin forums, and was attracted by its massive ads. ...It claims that it's always free to make internal transfer(including send & receive funds). For that I have some doubts, how they earn profits? Hmm, It seems unbelievable. All the processors I know like pm, wm, payza are chargeable.

I tried to open an Epay account at epay.com specially to check if it is true or not, the result is yes. So, how can this company survive? without fees?? I really think there must be something rather suspicious somewhere..... Huh

This has nothing to do with Bitcoin and as such, is off topic to this forum.

But to answer your off topic question, there are fees: https://www.epay.com/fees.html

Now lock this off topic thread or move it to trash.

I think he means ePay.info...

They're a bitcoin related business, so there's a relevance. But this should be in Service Discussion, not in Bitcoin Discussion.

The OP typed epay.com.

Decoded

legendary

Activity: 1232

Merit: 1030

give me your cryptos

Quote from: AgentofCoin on July 21, 2016, 08:37:56 PM

Quote from: sylvially on July 21, 2016, 03:42:19 AM

Hello guys,

Anyone here heard Epay? I was earning on Bitcoin forums, and was attracted by its massive ads. ...It claims that it's always free to make internal transfer(including send & receive funds). For that I have some doubts, how they earn profits? Hmm, It seems unbelievable. All the processors I know like pm, wm, payza are chargeable.

I tried to open an Epay account at epay.com specially to check if it is true or not, the result is yes. So, how can this company survive? without fees?? I really think there must be something rather suspicious somewhere..... Huh

This has nothing to do with Bitcoin and as such, is off topic to this forum.

But to answer your off topic question, there are fees: https://www.epay.com/fees.html

Now lock this off topic thread or move it to trash.

I think he means ePay.info...

They're a bitcoin related business, so there's a relevance. But this should be in Service Discussion, not in Bitcoin Discussion.

AgentofCoin

legendary

Activity: 1092

Merit: 1001

Quote from: sylvially on July 21, 2016, 03:42:19 AM

Hello guys,

Anyone here heard Epay? I was earning on Bitcoin forums, and was attracted by its massive ads. ...It claims that it's always free to make internal transfer(including send & receive funds). For that I have some doubts, how they earn profits? Hmm, It seems unbelievable. All the processors I know like pm, wm, payza are chargeable.

I tried to open an Epay account at epay.com specially to check if it is true or not, the result is yes. So, how can this company survive? without fees?? I really think there must be something rather suspicious somewhere..... Huh

This has nothing to do with Bitcoin and as such, is off topic to this forum.

But to answer your off topic question, there are fees: https://www.epay.com/fees.html

Now lock this off topic thread or move it to trash.

Decoded

legendary

Activity: 1232

Merit: 1030

give me your cryptos

Advertising? Selling your geographical details? There are a multitude of things that you can do without noticing that benefit them.

sylvially

member

Activity: 102

Merit: 10

Hello guys,

Anyone here heard Epay? I was earning on Bitcoin forums, and was attracted by its massive ads. ...It claims that it's always free to make internal transfer(including send & receive funds). For that I have some doubts, how they earn profits? Hmm, It seems unbelievable. All the processors I know like pm, wm, payza are chargeable.

I tried to open an Epay account at epay.com specially to check if it is true or not, the result is yes. So, how can this company survive? without fees?? I really think there must be something rather suspicious somewhere..... Huh

Topic: Epay claims it is 100% free, so, how they earn profits??? (Read 766 times)