Gspay raising 4000 usd min payout, what is going on?
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Gspay raising 4000 usd min payout, what is going on?
This encreasing of minimal payout amount will be after 14 September 2009.
Yes we have recieved that information, but the question is why this double raise
Sometimes it is the bank themselves that set these minimums and that is of course passed on to the processors.
If it is the processors that sets this limit then I cant understand why. If the merchant wants to pay a 25USD wire fee on a 100USD settlement it is up to the merchant to decide at their own discretion.
If I had an account with them I'd run away as fast as I could.
Probably they are being burned and decided to live on their customers money for some time by taking it hostage (aka. 'raising the payout limit to $4000 with no other option). It's just a matter of time before they disappear totaly from the web.
That is a new requirement of our banking partner. Amount of our wire transfers are doubled since Jan 2009. We understand that it is not good for our small merchants, but our agreement is clearly stated that we require turnover at least $10,000 per month. But anyway merchants who need to get thier funds faster and dont want to wait untill they reach that amount, always may request payout in our ticket system.
If you need the money for small business owners , you demand it and get , simply the best , it is constant with the experiences..
I don't get why people air out internal merchant questions on a public forum, is this gspay forum or webhosting talk?
You don't like 4000 minimum payout, go get another merchant, don't come on the forum and complain like you're entitled to a damn merchant account. Internet is a "free country" don't like something, leave!
Gspay is not working again. Tried to contact them and no response.
We are doing upgrades to processing server. Now we are on backup server and transactions are working. Admin area will work today later.
Transactions are not working.