What is going on with First Choice?

[Guest]

In fact a forum is for oppinions...
The official statements we will receive when this ends with our money in our pocket or with our money still in theirs...
What exactly you expect to write here without an official statement from FCP?
If you ll have a 10k card balance again maybe you will just go withdraw money without staying 3 hours on the forum right?

If I do remember well you have posted some pages ago , that you have information from someone big from inside (insideof FCP I think ) which should have some news from you after 1May. Did he gave you info or contact you to let you know something new? Just wondering

 

[bbbosic]

This is the answer I've got too from the vice president of choice Bank. Seems that they got replyes from possible card issuers and they are analisying the best choice.

Their choice.
#notmychoice

So you and Chriss received the same information from Ad Kees. Thanks both for sharing!
It looks like the prepaid card program is the real cause of all the problems. It also confirms the information of Caporaso and Partners. They are looking for a new partner because a bank can't live without Mastercard. This can take a while.

 

[Guest]

No, really, this girls stamping with face-palm and pills they are really bored... If I were in their shoes with all my money in my pocket I swear I would never open and read this thread anymore,

I agree with you @zumba , I won't stay on here if I wold not have frozen funds in FCP but also a big problem is the payment method as I text 5 page ago but No-one answer me , I have some issue to get the money out from the site I work the wire transfer didn't work I got an error and the money went back to the site now my ne t try it is the paxum .. Hope it will work and I will hope to can Withrow money out from paxum

 

[Chriss]

If I do remember well you have posted some pages ago , that you have information from someone big from inside (insideof FCP I think ) which should have some news from you after 1May. Did he gave you info or contact you to let you know something new? Just wondering

No info yet....
It were only promisses that it will be ok and we ll get our money until the mid of may... i just have hopes nothing solid...

 

[zumba2]

I agree with you @zumba , I won't stay on here if I wold not have frozen funds in FCP but also a big problem is the payment method as I text 5 page ago but No-one answer me , I have some issue to get the money out from the site I work the wire transfer didn't work I got an error and the money went back to the site now my ne t try it is the paxum .. Hope it will work and I will hope to can Withrow money out from paxum

I also know somebody that chosed wire transfer payment method for the period 1-15 April and today, 2 may, still no money in the bank ..

Paxum works ok I used and I use it

 

[Pennyless]

So you and Chriss received the same information from Ad Kees. Thanks both for sharing!
It looks like the prepaid card program is the real cause of all the problems. It also confirms the information of Caporaso and Partners. They are looking for a new partner because a bank can't live without Mastercard. This can take a while.

Didn't Paxum find a solution for this in only a week time?

 

[Pure_emotion]

Did anyone receive the Paxum cards yet? From Europe i mean ... thanks !

 

[bbbosic]

Didn't Paxum find a solution for this in only a week time?

I'm not sure if Paxum and Choice Bank are looking for the same thing. Paxum searches a new card issuer bank like Choice Bank. Choice Bank isn't looking for a card issuer bank.

 

[pallino]

I also know somebody that chosed wire transfer payment method for the period 1-15 April and today, 2 may, still no money in the bank ..

Paxum works ok I used and I use it

wire transfer with SWIFT code and IBAN code not arrive?

 

[asian_massive_squirt]

I also know somebody that chosed wire transfer payment method for the period 1-15 April and today, 2 may, still no money in the bank ..

It is my case...still waiting for my money. And to get no precise answers to my questions from chaturbate support starts to get on my nerves, makes me think that they hide me things and that they never sent my money to my account. I won't give up... I have the right to get informations about the transfer (the bank name, the sent amount, the transfer number and date...)

 

[pallino]

It is my case...still waiting for my money. And to get no precise answers to my questions from chaturbate support starts to get on my nerves, makes me think that they hide me things and that they never sent my money to my account. I won't give up... I have the right to get informations about the transfer (the bank name, the sent amount, the transfer number and date...)

Can you say what bank? Swift code?

 

[asian_massive_squirt]

Can you say what bank? Swift code?

Why? All these data were sent to chaturbate. I want to know what bank they use to transfer our money with wire so that i contact it.

 

[a_haze420]

Everyone just misses the point entirely. I truly hope everyone gets their money. However getting mad at Dan or creating rumours of a plot to steal people's money by first choice being created doesn't help when people go looking for help in these situations. I really suggest people try to contact someone higher up at first choice instead of a support agent there must be contact info somewhere for someone higher up than that.

 

[pallino]

Everyone just misses the point entirely. I truly hope everyone gets their money. However getting mad at Dan or creating rumours of a plot to steal people's money by first choice being created doesn't help when people go looking for help in these situations. I really suggest people try to contact someone higher up at first choice instead of a support agent there must be contact info somewhere for someone higher up than that.

yes here is for try to no lost money on firstchoicepay.... But we have problem yesterday today tomorrow I read read read and see only problem to take new money..... Solution?

 

[Nancy08]

In fact a forum is for oppinions...
The official statements we will receive when this ends with our money in our pocket or with our money still in theirs...
What exactly you expect to write here without an official statement from FCP?
If you ll have a 10k card balance again maybe you will just go withdraw money without staying 3 hours on the forum right?

If you guys planning get a lawyer . We can do together. I have been read all the thread. And I'm getting tired with their support. I have wechat, Twitter, whassap and other app chat . We should make a private group and try to get a lawyer soon as possible . I'm not gonna sit around and play that game with fcp anymore

 

[Candy_C]

8

I also received in USD for bongacam in Epayments, the payment is done in seconds.
I would like to know Dan if FCP, ceased to exist for "failure" or simply stopped working with the adult industry. I already read everything and it's something I really like to know.

u received payment on epayments but on card or e-wallet ?

 

[Chriss]

If you guys planning get a lawyer . We can do together. I have been read all the thread. And I'm getting tired with their support. I have wechat, Twitter, whassap and other app chat . We should make a private group and try to get a lawyer soon as possible . I'm not gonna sit around and play that game with fcp anymore[/QUO

Wait untill June... give them this month!
I have a feeling it will be ok!
If not an wtspp group sounds very good....

 

[Mfc_anon]

You drop a bomb in this thread: "I know some girls have has access to their funds. So it's just a matter of time."
And when we all ask you more specifics about your statement you crawl back and finally it's only a "rumour" that you have heard.
On one hand you blame us for making assumptions and on the other hand you do things like this... .

Actually if this is confirmed, it is very bad for everyone else. We all know all banks do not have enough liquidity to allow everyone to withdraw all their money at once. So if FCP or Choice Bank is allowing some customers, whether they are connected to some higher ups or have some inside track, to withdraw money while others' can't, it means they will have to screw over the ones who didn't get this special treatment. It's better for everyone involved if all funds are frozen or none. If only some of the funds are unfrozen, then the last ones out end up holding the bag, the empty bag. If this is even a possibility, the wait and see approach is probably quite risky.

 

[candy]

Hello, Did anyone here got payed via Cosmo pay ?
Thank you

 

[Nancy08]

Hello, Did anyone here got payed via Cosmo pay ?
Thank you

Now I don't use any other payments got relate with fcp. Because it's not safe. I'm using wire transfer for now . So I don't know if any others got paid from cosmo.

 

[avantgart]

Taken from other forum, statement from caporaso:

Central Bank of Belize doesn’t take action when faced with Choice’s lack of liquidity

The Choice Bank of Belize, after 10 years on the market, is passing through a strong liquidity crisis that has driven it to stop withdrawal of money by its accountholders. The problem is very serious; however, in such a complex context, the Central Bank of Belize’s – which has the objective of regulating the Central American country’s financial system, as well as issuing the nation’s currency – lack of action is astonishing. The Choice Bank’s accountholders are extremely worried about the situation of their assets. The law firm Caporaso & Partners got in contact with the Central Bank of Belize with the objective of receiving an answer to its multiple concerns about the subject; however, this institution offered the following as its single, insufficient answer: “We aren’t allowed, by our statutes, to respond to your specific questions. Direct your specific requests to the Choice Bank.”

To the accountholders, who have trusted said bank, this “answer” seems to be a taunt. All of them had previously contacted the Choice Bank, but it didn’t offer any information, beyond a brief statement where it admitted that “a problem with the prepaid cards” has affected the freeze on the accounts.

In this statement, the Choice Bank admitted that it maintains a positive balance sheet, with retained accumulated earnings of more than 26 million dollars. This information doesn’t seem credible, because otherwise the financial institution wouldn’t have frozen its accountholders’ assets.

The Central Bank of Belize recognizes its mission and objective as ensuring the country’s financial stability and economic growth. In the case of Choice, the Central Bank has done the complete opposite, because by not offering information it has created distrust over Belize’s financial system.

The Choice Bank had obtained an international banking license, Class A, through which it could carry out transactions through its business office in Belize. To maintain the license, it had to have a minimum authorized paid capital of 3,000,000 USD and it’s the responsibility of the Central Bank of Belize that they comply with this. Therefore, if the Choice Bank has problems and the banking authority of the country doesn’t intervene in time, this shows a lack of compliance of its functions

In short, central bank wont help, and choice isnt insured.
Now is the time for my chill pill...

 

[Chriss]

Taken from other forum, statement from caporaso:

Central Bank of Belize doesn’t take action when faced with Choice’s lack of liquidity

The Choice Bank of Belize, after 10 years on the market, is passing through a strong liquidity crisis that has driven it to stop withdrawal of money by its accountholders. The problem is very serious; however, in such a complex context, the Central Bank of Belize’s – which has the objective of regulating the Central American country’s financial system, as well as issuing the nation’s currency – lack of action is astonishing. The Choice Bank’s accountholders are extremely worried about the situation of their assets. The law firm Caporaso & Partners got in contact with the Central Bank of Belize with the objective of receiving an answer to its multiple concerns about the subject; however, this institution offered the following as its single, insufficient answer: “We aren’t allowed, by our statutes, to respond to your specific questions. Direct your specific requests to the Choice Bank.”

To the accountholders, who have trusted said bank, this “answer” seems to be a taunt. All of them had previously contacted the Choice Bank, but it didn’t offer any information, beyond a brief statement where it admitted that “a problem with the prepaid cards” has affected the freeze on the accounts.

In this statement, the Choice Bank admitted that it maintains a positive balance sheet, with retained accumulated earnings of more than 26 million dollars. This information doesn’t seem credible, because otherwise the financial institution wouldn’t have frozen its accountholders’ assets.

The Central Bank of Belize recognizes its mission and objective as ensuring the country’s financial stability and economic growth. In the case of Choice, the Central Bank has done the complete opposite, because by not offering information it has created distrust over Belize’s financial system.

The Choice Bank had obtained an international banking license, Class A, through which it could carry out transactions through its business office in Belize. To maintain the license, it had to have a minimum authorized paid capital of 3,000,000 USD and it’s the responsibility of the Central Bank of Belize that they comply with this. Therefore, if the Choice Bank has problems and the banking authority of the country doesn’t intervene in time, this shows a lack of compliance of its functions

In short, central bank wont help, and choice isnt insured.
Now is the time for my chill pill...

Come on man stop it...
Check my quote from today about Offshore Banks in Fiscal Paradise... not even one info from this kind of banks that got in the position of bankruptcy...

This guy Caporasso wants 1000$ from everyone to press the bank with emails... wtf he is speculating this moment and wants 20-30k fast in his pocket...

Wait this month it will be good for us!
Don t panick!!

 

[pallino]

Why? All these data were sent to chaturbate. I want to know what bank they use to transfer our money with wire so that i contact it.

please reply correct if you want/can
I ask you have give chaturbate your swift and iban? what bank you use? in what city? in what currency?
I speak about mine, FINECO unicredit group italy

 

[Candy_C]

today just to make it funnier ,chaturbate make delay in payments. this situation is incredible

Did u received after this whole time this payment from chaturbate ? Cause now I have the same problem. If u received, how long u had to wait ?

 

[Mfc_anon]

Taken from other forum, statement from caporaso:

Central Bank of Belize doesn’t take action when faced with Choice’s lack of liquidity

The Choice Bank of Belize, after 10 years on the market, is passing through a strong liquidity crisis that has driven it to stop withdrawal of money by its accountholders. The problem is very serious; however, in such a complex context, the Central Bank of Belize’s – which has the objective of regulating the Central American country’s financial system, as well as issuing the nation’s currency – lack of action is astonishing. The Choice Bank’s accountholders are extremely worried about the situation of their assets. The law firm Caporaso & Partners got in contact with the Central Bank of Belize with the objective of receiving an answer to its multiple concerns about the subject; however, this institution offered the following as its single, insufficient answer: “We aren’t allowed, by our statutes, to respond to your specific questions. Direct your specific requests to the Choice Bank.”

To the accountholders, who have trusted said bank, this “answer” seems to be a taunt. All of them had previously contacted the Choice Bank, but it didn’t offer any information, beyond a brief statement where it admitted that “a problem with the prepaid cards” has affected the freeze on the accounts.

In this statement, the Choice Bank admitted that it maintains a positive balance sheet, with retained accumulated earnings of more than 26 million dollars. This information doesn’t seem credible, because otherwise the financial institution wouldn’t have frozen its accountholders’ assets.

The Central Bank of Belize recognizes its mission and objective as ensuring the country’s financial stability and economic growth. In the case of Choice, the Central Bank has done the complete opposite, because by not offering information it has created distrust over Belize’s financial system.

The Choice Bank had obtained an international banking license, Class A, through which it could carry out transactions through its business office in Belize. To maintain the license, it had to have a minimum authorized paid capital of 3,000,000 USD and it’s the responsibility of the Central Bank of Belize that they comply with this. Therefore, if the Choice Bank has problems and the banking authority of the country doesn’t intervene in time, this shows a lack of compliance of its functions

In short, central bank wont help, and choice isnt insured.
Now is the time for my chill pill...

I read this as well but I think we need to carefully parse what is being said before forming any conclusions. While there is ample literature on what the Federal Reserve (US Central Bank) does, I could find very little information on what the Central Bank of Belize is supposed to do. It would be useful to find any examples of the Central Bank of Belize rescuing a Belize bank on the verge of bankruptcy or in financial trouble to determine whether their response to Caporaso is unusual. We already know Belize isn't a first world country and their banking sector is probably like the Wild West compared to first world countries. That being said, while your money is probably a lot less safe, we also shouldn't assume the worse just because they didn't provide a response like a central bank should.

Here is an article from 2016 highlighting the how banks in Belize, including the Central Bank of Belize, are having trouble keeping their CBRs (Correspondent Banking Relationships). CBRs are directly related to a bank's liquidity. For example, Choice Bank does not have the ability to move money from their accounts all over the world without relying on another major bank, likely from the US to act as an intermediary. If major banks in the US have decided to cut their ties with banks in Belize, the banks in Belize will have a hard time moving money around until they can find replacement CBRs. Since this article is from 2016 and the Belize banking sector hasn't collapsed, I'm guessing they have found workarounds. However, I'm certain they are still entirely vulnerable to such things. Of course I have no idea if Choice Bank is facing a similar scenario.

http://amandala.com.bz/news/banks-sever-ties-central-bank-belize-governor-confirms/

 

[robbiej]

3 friends have been rejected trying to verify with paxum after 20 days of waiting... what a cluster fuck.

 

[Pennyless]

Come on man stop it...
Check my quote from today about Offshore Banks in Fiscal Paradise... not even one info from this kind of banks that got in the position of bankruptcy...

This guy Caporasso wants 1000$ from everyone to press the bank with emails... wtf he is speculating this moment and wants 20-30k fast in his pocket...

Wait this month it will be good for us!
Don t panick!!

I think he even asked for 1000 Euros which is quite a bit more than $.

 

[Pennyless]

Actually if this is confirmed, it is very bad for everyone else. We all know all banks do not have enough liquidity to allow everyone to withdraw all their money at once. So if FCP or Choice Bank is allowing some customers, whether they are connected to some higher ups or have some inside track, to withdraw money while others' can't, it means they will have to screw over the ones who didn't get this special treatment. It's better for everyone involved if all funds are frozen or none. If only some of the funds are unfrozen, then the last ones out end up holding the bag, the empty bag. If this is even a possibility, the wait and see approach is probably quite risky.

That's exactly why people shouldn't spread this kind of important information as facts and then crawl back. So it probably only was misinformation...

 

[pallino]

Chaturbate dalay payments? I'?m scare about they try no pay more .... On FORUM VIDEOCHAT and WECAMGIRL all' no receive payments .... Chaturbate support no reply since 3 days...

 

[Pennyless]

What were saying is spreading wrong info does not help.

I agree and this also goes for you when you said that "you know that some models do have access to their funds" and then couldn't back up your statement after we asked you more details about it. It turned out to be a rumour you heard somewhere...
And like others already commented it probably looks like they only have access to the funds on their card balance, just like everyone else.