Quote from: Mr Felt on January 09, 2015, 05:37:27 AM

Quote from: KC6TTR on January 09, 2015, 04:52:21 AM

Quote from: maildir on January 08, 2015, 08:54:00 AM

They do take credit cards, but at least with some measure of verification:

http://leaserig.freshdesk.com/support/solutions/articles/1000075203-credit-card-acceptance-and-payment-polices

Seems right now zero verification at Homero's operation, is that even legal? How about that money business license is there one for him in Texas now or wherever you should have it for your operation.

The impression they continually create is like a kid trying to stick a cube in the cube hole struggling and struggling and finally does it. Here they been struggling and struggling to keep their promise of CC payments trying everything and everyone, and now they probably lied to stripe to get one, they so proud of themselves, they forgot the fundamental license and verifications.

Cause once it is raised it will be declared BETA and the CEO never said it was live yet. However half backed is the MO, they will shut it down after stripe tells them to, claim that something else forced them to close it, trolls attacking it, redditors hacking it, any old excuse, but there after gloat, see we did as we promised, we did provide CC payments. All for a day. Like the 30 second ceiling nearly realized. See but we did do as we said we would, we did meet the ceiling. All of 30 seconds that lasted.

Same story different day.

We're in the MAJOR leagues now, ladies and germs. The second he and/or is coverts launched this extension of Paybase, the scheme fell under the direct jurisdiction of the US FinCEN per 31 CFR 1010.100(t) (formerly 31 CFR 103.11(n)). Adding his 10% "convenience" fee is just icing on the cake. Expect things to happen much faster now.

Ref:
http://www.fincen.gov/financial_institutions/msb/definitions/msb.html
http://www.fincen.gov/financial_institutions/msb/definitions/person.html
http://www.fincen.gov/financial_institutions/msb/definitions/fin_ins.html

They are registered w/ FinCEN as an MSB. However, that's easy. Its a one page form. They also have to be licensed in the states they do business with customers. Those licenses are difficult to get. You have to have liquid capital in certain amounts, be bonded, pass a background check, etc.

I put together some info on this type of situation RE: Moolah a while back, much of the info applies here too: http://www.reddit.com/r/notDogecoinFUD/comments/26wu0t/some_moowhitelies_errors/

RE: Cantor - its that guy as an individual, not Cantor. The cointelegraph article was turrible on the details.

Well, in a nutshell, there is a HUGE difference between simply filing a regulatory application and being vetted and [then] being issued a MSB operating license. In this specific case and at this specific time, PayBase nor any other Garza/GAW owned/operated venture is in compliance with US federal law as it relates to money transmission... Period

The number referenced is simply their application #.

Likewise, as you mention, there is no evidence any of the Garza/GAW entities plus the numerous DBA's even have a local or state business license or federal TAX ID (EIN), which is also required.

Yes, I remember Alex Green (Moolah). I had him pinned 3 weeks after he joined the subreddit (last February/March) and just like that drama fest, this one will have a similar conclusion. At least I received a boatload of apologies from most of his victims/supporters after the fact... hope you did too. Regardless, I am not sure we will receive the same respect after this chapter closes. GAW's cult is on a different level.

Scott-