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so, no VAT... but hey, we have a 'platform'.
so what will this platform do for god's sake, is it a magic wand? will the money teleport and appear right in front of us? how will this platform work if the "banks are not willing to cooperate"?
someone please expalin to me why this "rumor" is supposed to make me feel good.
k,
vat is out of the picture, since bm didnt like their offer........
Gary has put forward a new platform that EVENTUALLY will come into place, but IF YES, only at beginning of september. He hopes that what he started to negotiate, will be put into place when he's gone.
At the very moment, we got a small platform that can handle
VERY FEW withdrawals a week.
hope u feel ok
:lol: :lol: :lol:
you know if september goes without proper advancements, it will make a year since problems started.
So there's no guarantee whatever Gary put in place will be implemented? :roll:
Just makes the 'good news' more intriguing by the minute. :shock:
right!! Vat put all the accounts from negative to positive and BM dosn't like their offer. Seems we're not the only one getting stiffed :evil:Quote:
Originally Posted by Necromancer
Platform would work like this: (Sorry Scotty - there is no teleporting involved)
P*ps/P*cP*y has an account within "trading platform". (like forex and commodity firms use)
You would also have an account within the same "trading platform"
Transfer of funds go from P*cP*y trading platform account to your trading platform account. No need for banks to become involved. Just a few key strokes.
When you want the money in your bank account you make a withdrawal request from your trading platform account to your bank account. Funds would not go to your bank from P*ps or P*cP*ay - instead they would go to your bank from your own trading platform account. Check or wire transfer - although most U.S. banks will be happier with checks for large amounts of money.
Most trading platforms will also pay you a small amount of interest to "park" your money there. Although I'm sure most of us just want to get our hands on the money.
So what is the rumor on BM stiff arming Vat I would like to know what the problem is
Havent u read it?Quote:
Originally Posted by beagle
VAT is off.
Or has I msiunderstod something?
It's this new platform for real or just another rumor?
I remember some member emailing PicPay about this, and the reply from support person was that he/she was not aware of a such platform.
All these leads to more apples added to the basket of oranges here...but it gets to appear fruity nonetheless :lol:
Until anything gets approved and put in place and serving....its sheer speculation and that my friends, is your best hope of pulling through another day of "given hope" thus far.
So long as it all remains respectfully thrown into the basket, fine going mates... at least it keeps the Forum envied and ALIVE with healthy minds here... booze a bit if you will, just get me another pinta alright? :D :D
http://img.photobucket.com/albums/v4...ads/Cheers.gif
I like the idea Beagle, Thank you :) Once it is in the trading platform we can trade stocks, forex or whatever. Great idea!
anonymous -
I'm not sure if you are quoting me because you think I'm referring to VAT? If that's what you're thinking then yes "you misunderstood something". I am not referring to VAT - I am simply showing how the "trading platform" payment system would work.
VAT would have worked like this - One giant deposit to VAT's payment system... who knows how much - then VAT would have sent money from VAT to your account - every time they made a transfer they would actually charge a percentage (big percentage) of the amount you were transferring.
The trading platform will also charge fees but they would be more inline with standard wire transfer fees.
Is it real or a rumour? I don't know. However, I do know that a lot of P*ps employees are not privy to all of Bryan's business dealings.
Hi Beagle.
Thanks and Congratulations on your explanatory Post.
It is the most Logical way for Bryan to go.
Wow No going thru other Payment Gateways.
Just direct to your Bank Account.
I heard a couple of days ago, that something was in the air, and about to happen.
The only Hold up with it was on the Technical Side.
Once it was Online, there would be No More WD Woes, just Unlimited Money.
Looking forward to it Opening up.
Regards.
Beagle,
Great idea, wonder if BM's aware of it. :D
Actually this "trading platform" was not my idea... I got this from a source inside P*ps, and I was told this is supposedly what BM is working on...
Again, I haven't personally spoken with BM about this, it is just what one of his people told me... and by the way, he was also the one that gave me the explanation of how it would work compared to VAT.
Still could be an "inside P*ps" rumour because so many are floating around... I guess even the P*ps employees may have their own rumours going. :roll:
It would be great if it becomes real.
I'm sorry, but where have you guys been? That ideal has been on the table for months. That is how VATS was to work or as Beagle said any other platform. My guess that VATS is not being used might have to do with the fact that VAT is located in the USA. If Picpay were to fund it with millions of dollars, it might be vunerable to a federal agency suggesting rather nicely that VATS freeze the account. The agency would request it in such a way that VAT would understand if they didn't, there could be repercussions against them. Believe me they would freeze the account.Quote:
Originally Posted by Adster
Duh, didn't BM know they were in the USA?Quote:
Originally Posted by mercyme
This is kind of becoming funny... KIND OF...
Okay I am speaking about 2 completely different possible payment options.
1. VAT (not happening) One big account "bucket" that Pips could have dumped all of their money into. VAT would then have taken over distributing money from VAT to individuals, (you and me) through means of electronic transfer that would have actually acted like an electronic check (ACH). VAT would have charged big percentages every time they transferred money from the P*cp*y bucket to you. Some have said 20%? Doesn't matter so much because this idea is dead. It ain't happenin' - done - over - period.
2. "Trading Platform" (this is not like VAT) This is a completely different system than anything discussed over the last 8 months. This is new. This is not an old idea. Okay - now moving forward - LOL -
The "trading platform" has a "bucket" which P*ps/P*cp*y transfers a big chunk of money into... Then we (you and I) get little buckets on the same "trading platform". BM/P*ps/P*cp*y stay in control of their money "bucket" (unlike VAT) and P*ps can make transfers from their "big bucket" to our "little buckets".
As someone posted earlier, you can then do whatever you want to with the money in your "little bucket". You could trade commodites, forex trade, or send it home, doesn't really matter, once the money is in your "little bucket" it's yours to keep... but "trading platforms" are not "banks" they are not "brokerage accounts" and they move billions of dollars for clients every day.
To get the money into your bank account you would request a check from your own "little bucket", and the bank would see it as a check from your "trading platform" account to you. Banks would not have to worry about any involvement of BM/P*ps/P*cp*y. It would just look like it was coming from an account you control to your own bank account.
Also this gives BM still the control over the money in the "big bucket" trading platform account. Whereas VAT would have had total control of the deposited money if they would have received it.
I know this is a long friggin' post, but if "what's his bucket" - LOL - actually puts this in place (which is supposedly what he is NOW working on) it will be much, much, better than VAT would have been.
Thank you beagle for your clear explanation. I'd think its only feasible after BM clears up P*PS image and satisfy all the reg. requirements. Otherwise it could only be applied in the short run and probably lead to more problems w/ governments in the future. They could intervene and investigate brokers of such platforms.
BM working on - last I saw it was GN. Get your inside stories straight lol :lol:
---------------------------------------------Quote:
Originally Posted by Invest007
I heard that Gary has signed up a 6% trading platform and came back few days ago to Malaysia. Do you know some more details?
Good explanation beagle. I would be over the moon with the trading platform solution, as all i was going to do with p**s money was put it into my forex account anyway! From there can make even more money on it. We will get more fees but who cares at this point?! We would all then be receiving the money at its creation source. I only hope they are not intimidating at setting up 200k accounts..
Come on BM - make it so! I like this over VAT for sure.
:? two questions:
1. the most important one remains, whether BM will be allowed to make big tranfers to a trading platform. The transfer is in USDollars, so it has to pass through and be transferred by a USBank, even if the platform bank would be situated on the moon.
2. Is so much money available in P...ps banking accounts?
a) It might be frozen - ref. C&d orders from several US-States -
b) I hope, this one is not true, but those billion for WDs might simply not be available through P...ps investment profits. :(
as far as i understand there would be no transfer TO the trading platform, as thats where a lot of the money is created from. It would only be transferring out to another trading platform account.
Hallo Pablo,
that would still need big chunks being transferred in US$
and that seems to be the problem today with patriotic act and
home security rules.
Beagle,
Many thanks for your explanations.
Do I believe it? I'm kind of confused, I would like too as I am desparate to believe anything to keep my dreams real. But I am a little concerned about the method used to get round the problem of using banks, its almost like its not allowed just like the members buying off merchants to then sell on ebay to get hold of some money.
The only way forward is to get approval from the financial world, the last I heard they were happy with the return on investment $'s but the one area in question was the member $'s put into pips in the first place, as that cannot be verified!
Make no mistake Tuesday is a huge day, they approve and we get our dreams, they dissapprove and I will have a sad moment then move on into the real world.
cheers
Rich :shock:
I hope something good comes our way soon. I want to get married already! LOL! :lol: