So it seems ePayments has finally decided to shut down for good.
Long story short, ePayments was an up and coming payment processor, like Paypal and Payoneer. They were a legit site, and that’s why I made an account with them. Luckily for me, I never got around to receiving or uploading any funds there, because at some point shortly after I created my account, they got in trouble over some regulations, and after a long fight, they came back.
I wrote an article about it – ePayments: It’s been a while, but we’re back!
But then some time went by, and they sent an email that they’ve decided to close the business – ePayments has decided to close the business
At this point there was nothing more to be said, except that in March 2023 they sent me this email:
Dear [NAME],
Account with ePayments Systems Limited – account No: ePID 001-###### (“the Account”)
The purpose of this letter is to notify you that we have made the decision to terminate the provision of Services (as defined in our Terms and Conditions) in respect of the Account. Under paragraph 12.3 of our Terms and Conditions, we are entitled to stop providing any Services for any reason, by giving at least 2 months prior written notice. Accordingly, please accept this letter as notice of termination of the Services provided in relation to the Account. This termination shall take effect on 22/05/2023 and after this date you shall have no access to the Account.
I guess this is just something they have to do, legally speaking. They inform you that they’re shutting down, then they inform you that your account is getting shut down.
It’s all pretty standard stuff, I would imagine.
Here is a video I made talking about this:
Summary
There’s not much else to say, other than remember to never keep a lot of money in these online payment processors. While ePayments did end up shutting down, I think they returned all the money to their users, which is good. But that’s not always the case. Very often sites shut down, and take their users money with them.
ePayments was a legitimate website while they lasted, and if they ever come back, I’ll definitely keep them in mind and use them if I have a reason to.
Some alternatives worth mentioning that you can use are Paypal, Payoneer, Wise, Skrill, Perfectmoney, Payeer, Advcash and Coinpayments.