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