Thread: Merchants being paid direct from FX account!

This may be a way of paying a small number of accounts, but do really think they will be paying thousands and thousands of members' accounts plus hundreds of merchant accounts from their FX account? It would seem to me if they would go ahead with VAT (or something similar) then it could be done.... they could make a substantial payment to the online payment processor who in turn could send out the monies to thousands of individual accounts and hundreds of merchant accounts....this indeed could be possible provided they are extremely successful in their FX trading.

worf

I would pay a 10% fee to get my money out. Expecially if my withdrawals were processed within a week instead of a matter of months or years. Not that PIP's is years behind.

Honestly, think about it. If you have just 10K invested pips is paying you a minimum of $192 dollars a day. Then over 6 months that is a minimum of $23040.00 that is asuming 0 reinvestment. Now if you can't handle paying a 10% transaction fee of $2304.00 and you are having your money doubled every 6 months. Come on now stop being so greedy. I'm not a rich man but if it takes a 20% fee to get my PIP's money in a timly fashing then so be it. Heck that means I still make a 180% off my investment every 6 months.

I would be happy just to start getting my money despite the fee's. Not to be greedy my self but paying more then 20% transaction fee might be pushing it for me right now.

Anyway, bottom line here does the fee amount really matter as long as PIP's is actually paying within a timely manner?

I don't think that merchant is generouse I just think he is looking at the big picture. Not the now Picture.

Anyway good luck to you all

I do somewhat agree with invhope but 10% is very hefty fees to be paid. This all the fees finally we (merchant) has to collect from picpay customers. Our last two wire transfer withdrawals, we did paid some fees and lost some profits but its okay.

Regards,
Neil

Originally Posted by amy_tpe

Originally Posted by motorcycleuk

Well I am a merchant and to be honest I do not mind paying a 10% If it means we get on track

if it helps get on track sure, but the fx group is only processing a few WD a day.

10% is ok??? So, if you have a 50,000 withdrawal then the fee is 5,000... this is oik for you? Geez, you're a generous merchant. hope you have the margin to suppot this kind of generosity. :roll:

We are PIPS members right?
if 10% were the only option, then I would say it is ok.
There is no point in beeing greedy when u think about how easy made money this is for us investors.

Ofcourse a lower fee would be nice, but if it cant be better, then accept it :roll:
After some time in PIPS 10% seems like small money to me :oops:

Originally Posted by anonymus

After some time in PIPS 10% seems like small money to me :oops:

Some merchants only charge a 10% fee, so this might cause a problem for some of them.

I would hapily pay 20% if that was nessesary!

Better to get 80% in hand & work them than just have it hanging in the account doing nothing!

Bought a 10k card from MS Supply for 7%. Fees would have to be raised by the merchants....big time! I asked about him if he heard anything about this, and he said no.

Yes moneyduck
we only work to 10% profit which to be honest I would sacrifice for a short while if it gets things back on track.

:shock: :shock: :D :D :D

Originally Posted by motorcycleuk

Well I am a merchant and to be honest I do not mind paying a 10% If it means we get on track, and at the end of the day most merchants put the fee on each sale so if they say groupe the withdrawal over a 5 day period thier would be no losing out and everybody would be getting something.

totally agree!!

I'm merchant and my fee is only 8%... and what?