alert The fund can't be withdrawal from Epik.com via Masterbucks wallet

[enamebroker]

It happened on 23rd Aug 2022 and this matter lasted almost one month without any process. Masterbucks.com declined my fund withdrawal and disabled the button of fund withdrawal. And I contacted Epik.com and got no further action even if Rob Monster got involved in it for two weeks. All the time I was told in email by management review.

What is wrong with Epik.com? Do you think it is normal to disable fund withdrawal? How can I get back my fund from Epik.com? Thanks for your suggestion.

 

[Derek Peterson]

Well, Derek, you profess to be a Christian yourself, so surely you would know that God Himself is the only one qualified to make that judgment.

False. That is some concept non Christians who have never read the Bible make up and yet do non stop. We, Christians, are commanded to judge and discern the spirits and others and some day we will judge the angels. Focus on the topic and not your feeling about me or hot takes on Christianity. Thanks.

 

[NicTraders]

False. That is some concept non Christians who have never read the Bible make up and yet do non stop. We, Christians, are commanded to judge and discern the spirits and others and some day we will judge the angels. Focus on the topic and not your feeling about me or hot takes on Christianity. Thanks.

Interesting that you judge me not to be a Christian based on my post. It seems your discernment is not so good after-all. And you're focussing on part of what the Bible says, but conveniently forgetting verses like Matt 7:1. And most importantly James 4:12 "There is only one Lawgiver and Judge, the one who is able to save and destroy. But you--who are you to judge your neighbor?"
I'd suggest that discernment is very different from judgment.

You are the one who has brought up Christianity numerous times - both yours and Rob's. If you want me to focus on the topic at hand I suggest you do the same by leaving these types of emotive comments out of your posts:

Rob Monster is not a Christian. He is a filthy lying affinity grifter that has no concern for anyone or anything.

You said that - not me.

 

[Beezy]

Oh Lawd help us...

 

[Derek Peterson]

Interesting that you judge me not to be a Christian based on my post. It seems your discernment is not so good after-all. And you're focussing on part of what the Bible says, but conveniently forgetting verses like Matt 7:1. And most importantly James 4:12 "There is only one Lawgiver and Judge, the one who is able to save and destroy. But you--who are you to judge your neighbor?"
I'd suggest that discernment is very different from judgment.

You are the one who has brought up Christianity numerous times - both yours and Rob's. If you want me to focus on the topic at hand I suggest you do the same by leaving these types of emotive comments out of your posts:

You said that - not me.

I commented on Rob's Christian schtick in one small line in a rather long and detailed post so others would not be put off by all Christians. This isn't the place for a doctrinal debate. Focus on topic.

 

[Derek Peterson]

Just reporting that the Epik registrar-level failures are getting worse. Started last week Thursday afternoon, Washington time. Registered a name, delayed registration for hours but did get registered. Then after that attempted another registration but was only registered today which I somewhat expected based on last time's failure. Just now I made another attempt to register. Name remain unregged. (All .coms)

It would seem that E is funding their Verisign account less and less with each day passing by......

So to be clear, previously, domains registered at Epik were instantaneous and whois would also update instantaneously?

 

[wwwulff]

Epik selling assets to pay off debt​

https://domaingang.com/domain-news/epik-selling-assets-to-pay-off-debt-is-DNF-about-to-be-sold/

 

[Derek Peterson]

Epik selling assets to pay off debt​

https://domaingang.com/domain-news/epik-selling-assets-to-pay-off-debt-is-DNF-about-to-be-sold/

404. I wanna read it!

 

[bmugford]

Epik selling assets to pay off debt​

https://domaingang.com/domain-news/epik-selling-assets-to-pay-off-debt-is-DNF-about-to-be-sold/

That is what should be happening, instead of trying to bring in new "escrow" suckers.

Here is how an escrow service should operate.

1.) Buyer pays actual money to escrow.
2.) Escrow transfers domain to buyer.
3.) Escrow sends seller actual money.

Here is how it should not work -

1.) Buyer pays actual money to escrow.
2.) Escrow transfers domain to buyer.
3.) Escrow sends seller some virtual currency that can't be withdrawn.

Brad

 

[bmugford]

404. I wanna read it!

I am not sure why the link does not work, but if you to to DomainGang.com the article is listed.

Brad

 

[Embrand]

Epik selling assets to pay off debt​

https://domaingang.com/domain-news/epik-selling-assets-to-pay-off-debt-is-DNF-about-to-be-sold/

I think the only thing of real value they have is Terrahost that they paid quite a lot for and at least seems to be a "normal" company.

 

[Derek Peterson]

Epik selling assets to pay off debt​

https://domaingang.com/domain-news/epik-selling-assets-to-pay-off-debt-is-DNF-about-to-be-sold/

Does anyone have a list of all the companies/apps that Epik purchased over the last few years? I know of Terrahost, that cursed forums site, Bitmitigate, Kobalt media. Are there others?

 

[Derek Peterson]

I am not sure why the link does not work, but if you to to DomainGang.com the article is listed.

Brad

Yeah, I did. I think he changed title after posting which changes URL. Here is the link.

https://domaingang.com/domain-news/epik-selling-assets-to-pay-off-debt-is-DNF-about-to-be-sold/

 

[wwwulff]

I think the only thing of real value they have is Terrahost that they paid quite a lot for and at least seems to be a "normal" company.

I agree - DNF is a shadow of itself so hard to see who would be interested in buying at a price that would move anything

Yeah, I did. I think he changed title after posting which changes URL. Here is the link.

https://domaingang.com/domain-news/epik-selling-assets-to-pay-off-debt-is-DNF-about-to-be-sold/

I still get a 404 error

 

[Derek Peterson]

I agree - DNF is a shadow of itself so hard to see who would be interested in buying at a price that would move anything


I still get a 404 error

think this is the proper link:

https://domaingang.com/

And click on the article directly.

 

[NicTraders]

Epik selling assets to pay off debt; is DNF about to be sold?​

Posted by DomainGang on December 7, 2022, at 10:15 am

Candida.com was sold for $100,000 dollars utilizing the Epik escrow process in September, but Kathleen Kalaf, the domain’s former owner, has not received $91,000 dollars as part of the deal.
The money was kept by Epik and although the company has acknowledged the debt it has yet to complete the transaction. Epik, effectively, has kept $100,000 dollars that the domain’s new owner paid, despite the escrow agreement limiting its proceeds to $9,000 dollars, or 9% of the transaction’s value.
In recent weeks, users of Epik and its services have come forward to complain about such payments not completing.
Their balances in real world dollars were converted with or without their consent into Masterbucks, a cryptocurrency that Epic devised more than a decade ago. The 1:1 exchange rate allowed Epik to use real dollars for its operations, while issuing the matching amount in Masterbucks, providing interest on the balance. The Masterbucks ecosystem faced problems with PayPal in the past and this approach only works when the customer is able to withdraw their balance as “real money” at any time.

Brian Royce, the new CEO at Epik, has made promises recently, that he’s turning the company around.
In our interview about the sale of the domain Candida.com, Ms. Kalaf let us know that Epik has referenced “assets” that are on the verge of being sold, in order to produce the necessary liquidity for Epik’s operations.
We were told that Epik has “just turned the corner on the asset sale they have been working on” in order to pay her $91,000 dollars.
One of the Epik assets is DNF, the oldest domain name forum that was acquired by Epik in 2021. The forum isn’t as popular as it used to be and Epik has branded it with its services, declaring it as an Epik asset and using it as it sees fit.
It could be possible that DNF is one of these “assets” that Epik is considering selling, in order to generate real world money for its operational expenses and to pay off existing debt to its customers.
That’d be the umpteenth time that DNF changes hands, if it happens.

Source: https://domaingang.com/domain-news/epik-selling-assets-to-pay-off-debt-is-DNF-about-to-be-sold/

 

[NicTraders]

Does anyone have a list of all the companies/apps that Epik purchased over the last few years? I know of Terrahost, that cursed forums site, Bitmitigate, Kobalt media. Are there others?

I think there was Amplify.io too, but whether it's worth anything could be a different story. Wasn't there talk that they had failed to lodge financial reports? All from memory, and mine isn't always so good...

 

[branding]

If they need to sell assets to be able to cover that $91K debt they're in deeper trouble than I thought.

Looks like they owe millions when you add up all info posted here on nP, TP and SM.

They stopped (auto)renewing expired domains btw. Guess they can't afford to fund a renewal and get it back when/if the domain actually drops.

I suppose that's also why the nameliquidate domain expired.

It's a huge red flag so make sure to watch your expiring domains!

 

[FredMercaldo]

I think the current, intermittent, problems regarding registrations is about money (masterbucks) not anything to do with ICANN. They are probably doing all these domain sales and renewals manually so if someone is not around it will sit there in pending status until someone pays for the sale. They probably don't have any money in that account, on purpose, so no one sneaks any large masterbucks purchases through. Remember registries don't accept masterbucks (lol) so epik is converting those masterbucks into USD to purchase on your behalf.

I think the current, intermittent, problems regarding registrations is about money (masterbucks) not anything to do with ICANN. They are probably doing all these domain sales and renewals manually so if someone is not around it will sit there in pending status until someone pays for the sale. They probably don't have any money in that account, on purpose, so no one sneaks any large masterbucks purchases through. Remember registries don't accept masterbucks (lol) so epik is converting those masterbucks into USD to purchase on your behalf.

I have a question. I have recently removed all but 3 names from Epik, and I have zero Masterbucks balance. I have all my names listed at Dan and Afternic, and realize that when someone searches for a name I own through the Afternic Reseller Network, the name is shown at my list price. Let's use my name TheUnitedStates.com as an example. I have it listed at $1M. I like price integrity and like any known source that is listing this to display my actual asking price. The Afternic Reseller Network registrars all list the name at $1M after a search. However if you go to Epik, it is listed at $1,150,000. I don't like this, nor would I agree to a sale at Epik especially using Epik Escrow. How can they do this? I assume the 15% addition is their commission? I haven't authorized this, and in the event they came with a buyer, I would insist on using Escrow.com but I am very uncomfortable doing anything with them right now with their Masterbucks issues. Thanks in advance for any answers or light you can shed for me.

 

[Recons.Com]

False. That is some concept non Christians who have never read the Bible make up and yet do non stop. We, Christians, are commanded to judge and discern the spirits and others and some day we will judge the angels. Focus on the topic and not your feeling about me or hot takes on Christianity. Thanks.

Poor angels!

 

[Chris Hydrick]

Let's use my name TheUnitedStates.com as an example. I have it listed at $1M. I like price integrity and like any known source that is listing this to display my actual asking price. The Afternic Reseller Network registrars all list the name at $1M after a search. However if you go to Epik, it is listed at $1,150,000. I don't like this, nor would I agree to a sale at Epik especially using Epik Escrow. How can they do this? I assume the 15% addition is their commission? I haven't authorized this, and in the event they came with a buyer, I would insist on using Escrow.com but I am very uncomfortable doing anything with them right now with their Masterbucks issues.

If your domain is listed on afternic, and that afternic listing gets sold on epik, then epik is simply representing the buyer. Epik will still have to pay afternic, you'll have to transfer/push your domain to afternic, and afternic will pay you; no masterbucks involved in a afternic payout. I recall epik losing fast transfer ability with afternic, so asuming if epik is still in afternic it's just as a standard listing?

Name.com also lists your domain for 1.15M.

Similarly, registrars like NameCheap have your domain listed at $970k. That lowered price shouldn't effect your expected payout as an afternic seller, just looks like NameCheap really wants to sell your domain and give any buyer they bring in a discount.

If your domain is listed on afternic, and that afternic listing gets sold on epik, then epik is simply representing the buyer. Epik will still have to pay afternic, you'll have to transfer/push your domain to afternic, and afternic will pay you; no masterbucks involved in a afternic payout.

Using this method, in theory, somebody holding masterbucks could attempt a masterbuck-to-afternic payout by listing their domain on afternic, then buying their afternic listed domain on epik using their masterbucks balance. This would then force epik to pay (or default) with afternic. If epik pays afternic, then afternic will pay you = the domain seller in USD, albeit this way of a masterbuck-to-afternic cashout would come at the expense of afternic fee's + any epik afternic upcharge.

 

[jberryhill]

The Afternic Reseller Network registrars all list the name at $1M after a search. However if you go to Epik, it is listed at $1,150,000. I don't like this, nor would I agree to a sale at Epik especially using Epik Escrow. How can they do this?

How can they do that? Because you agreed to it.

https://www.afternic.com/legal/agreements/membership-agreement

You understand that certain reseller distribution partners may, upon approval by the Company and at Company's sole discretion, add a markup to the sale price of your domain name and that the reseller distribution partner may keep this markup in its entirety, and that you will receive no payment for the portion of the sales price that is marked up.

 

[Keith]

How can they do that? Because you agreed to it.

https://www.afternic.com/legal/agreements/membership-agreement

You understand that certain reseller distribution partners may, upon approval by the Company and at Company's sole discretion, add a markup to the sale price of your domain name and that the reseller distribution partner may keep this markup in its entirety, and that you will receive no payment for the portion of the sales price that is marked up.

In other words, you’re held to language that most reasonable people don’t ever read.

TOS should be abolished because 99.9% of people don’t read them. It’s a catch 22 for online companies to fall back on if shit happens.

My TOS might say you must eat shit before we process your payment. Is that legal or right? Keep in mind, maybe 1 user out of 10,000 read it…

 

[LoveCatchyDomains]

In other words, you’re held to language that most reasonable people don’t ever read.

TOS should be abolished because 99.9% of people don’t read them. It’s a catch 22 for online companies to fall back on if shit happens.

My TOS might say you must eat shit before we process your payment. Is that legal or right? Keep in mind, maybe 1 user out of 10,000 read it…

Well, aren't all companies, including Epik, are required to have them? It may be beneficial if there was clearer language in those TOS.
There is one company, Bodis, that appears to have done an outstanding job of trying to present an understandable TOS. Bodis TOS Wouldn't it be nice if more companies, including Epik, try to make those TOS clearer?
As for your situation, is there any way you could ask Epik to not have that type of price hike? Has anyone ever questioned their pricing in the past on one of your domains, and seen them decrease the markup? After all, if Epik needs money right now, they potentially may do better getting commissions from more sales if lowering the price to the buyer's asking price makes the deal happen.

 

[Keith]

Well, all companies, including Epik, are required to have them.

No

https://www.americanbar.org/groups/business_law/safeselling/terms/

 

[LoveCatchyDomains]

No

https://www.americanbar.org/groups/business_law/safeselling/terms/

Wow! thanks for the clarification.