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Monday, December 5, 2022

[New post] An Epik victim tells her story

Site logo image Andrew Allemann posted: "She's waiting on her payout for her retirement. Epik owes a lot of money to its customers. I've heard stories from several people waiting for their promised cash to arrive. They're stressed. They're worried they're never going to see their money. " Domain Name Wire | Domain Name News

An Epik victim tells her story

Andrew Allemann

Dec 5

She's waiting on her payout for her retirement.

Logo for Epik domain name company

Epik owes a lot of money to its customers. I've heard stories from several people waiting for their promised cash to arrive. They're stressed. They're worried they're never going to see their money.

In a video posted to YouTube over the weekend, one said she's getting sick to her stomach and having trouble sleeping.

Kathleen Kalaf says she sold a domain through Epik for $100,000 on September 27 and still hasn't received her money. She's counting on the $91,000 proceeds (after fees) for retirement.

Kalaf also posted a review about Epik on TrustPilot.

Epik responded by saying that she shouldn't leave the review about Epik because it's actually about Masterbucks:

Hello Kathleen - Masterbucks is who you are reviewing here, not Epik. Please remove and place your review on the appropriate TrustPilot account. https://www.trustpilot.com/review/masterbucks.com You have been paid out to your Masterbucks by Epik which is where the transaction took place. Epik is not holding your funds, you were paid out. You are currently waiting on Masterbucks to process your cashout. Masterbucks is working on processing cashouts daily. Thank you.

TrustPilot review of Epik

I talked about this a bit on my podcast today, but to suggest that Epik paid it out by putting the money at Masterbucks strains credulity.

Note that Kalaf began her transaction after Masterbucks went "down for maintenance." So the company knew it didn't have the money available to pay existing customers, but still accepted her transaction and the buyer's cash, ostensibly to pay off other creditors and put her in the back of the line.

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