× General discussion

Be prepared, be very prepared - make sure accounts are in credit

1 week 3 days ago - 1 week 3 days ago #6973 by Whatsup
The wording is perfect load and clear. No body would want to forfeit 20% of future passive income for a few pennies. The members that had been in the program for awhile should be making money for there number positions. I think just a few would get the message or someone with many products in S2T getting charges .
The following user(s) said Thank You: Steve Weller

Please Log in to join the conversation.

1 week 3 days ago #6962 by Bruce
The wording should be slightly different Paddy. Under the 'do nothing' option it should say 'you' forfeit 20% of the income
The following user(s) said Thank You: Anita:Technical Support, Gill Cameron

Please Log in to join the conversation.

1 week 4 days ago #6955 by Paddy Delaney
Having provided a service where an account is overdrawn (maximum allowed £1-00-) this popup will appear - the FAQ will explain in no uncertain terms the importance of getting the account back in credit and not forfeit 20% of future passive income for a few pennies...



I doubt very much that anyone will ignore the wording and the process of letting them know that the passive flow id real and of value will present us another opportunity to inform them of the value of the portal and the passive income
Attachments:
The following user(s) said Thank You: Whatsup, Kevinrealstewbiz

Please Log in to join the conversation.

2 weeks 5 days ago #6527 by Steve Weller

Angela wrote:

Paddy Delaney wrote: The Alerts will draw the Frega Members about to lose 20% of their passive income to Frega Global where any number of Members will be happy to explain the loss they will have should they not come up with the pennies... if they have not taken Frega seriously by this stage they will now ...another win for everyone


This is very fair, and if we want to see frega and RS leap ahead we all have to pull our weight and get behind it. The rewards will be worth the initial set up money in the long run anyway.


Yes not mention the sales they are missing out on for the sake of a few pennys ... so it's no brainer.... if I was told I have potential sales in peoples carts and they can't be process because of an out standing 1 pound ..I would get my account in credit to let the sales roll on ... seems like simple logic's :) and that just adds to the 20% of their future revenue sharing lost for a few pennys ... worth doing the maths on that one
The following user(s) said Thank You: Anita:Technical Support

Please Log in to join the conversation.

2 weeks 6 days ago #6454 by Angela

Paddy Delaney wrote: The Alerts will draw the Frega Members about to lose 20% of their passive income to Frega Global where any number of Members will be happy to explain the loss they will have should they not come up with the pennies... if they have not taken Frega seriously by this stage they will now ...another win for everyone


This is very fair, and if we want to see frega and RS leap ahead we all have to pull our weight and get behind it. The rewards will be worth the initial set up money in the long run anyway.
The following user(s) said Thank You: Steve Weller, Anita:Technical Support

Please Log in to join the conversation.

2 weeks 6 days ago #6448 by wayne kemp
i agree a deterent is a must ,and in this pc world gone mad ,atleast we can still hit them where it hurts most (in there pockets )lol
The following user(s) said Thank You: Anita:Technical Support

Please Log in to join the conversation.

2 weeks 6 days ago #6445 by Paddy Delaney
Process-wise, having received a credit from Frega to get the account out of OD the Frega Account holder will see a 20% surcharge deduction on their Frega Account on the net money credited to their Frega Accounts in all currencies ... not going to be a happy person when they see this ...and word will spread don't allow this to happen.
The following user(s) said Thank You: Anita:Technical Support

Please Log in to join the conversation.

2 weeks 6 days ago #6444 by Paddy Delaney
The Alerts will draw the Frega Members about to lose 20% of their passive income to Frega Global where any number of Members will be happy to explain the loss they will have should they not come up with the pennies... if they have not taken Frega seriously by this stage they will now ...another win for everyone
The following user(s) said Thank You: Anita:Technical Support

Please Log in to join the conversation.

2 weeks 6 days ago #6443 by Paddy Delaney
We will never be at risk that the £1-00 (Maximum) will never be paid as the alerts will prompt the Frega Account Holder to take it seriously and explain the financial they will face by losing 20% of their future passive income for a few pennies.

There is a good amount of money accumulating to the Derived Value Accounts that will be happy to take over the 20% passive income for a few pennies and a £1-00
The following user(s) said Thank You: Anita:Technical Support, Kapil Arn

Please Log in to join the conversation.

2 weeks 6 days ago #6442 by Paddy Delaney
We are looking to streamline the code that will allow a Frega Account (total of all accounts) to be overdrawn up to a £1-00 but the exact second it goes into OD, even by a penny, the account holder is given 7 days to put the account back into credit (deposit/ receive payment) and if not paid within this period 20% of their derived rights to future income is immediately purchased by Frega for the total amount of the OD and put up for sale to anyone with derived rights for the amount of the OD plus £1-00 admin ...Members will be advised 1/2/3/4/5/6/7 days ....and given good reason to pay
The following user(s) said Thank You: Anita:Technical Support, Kapil Arn

Please Log in to join the conversation.

3 weeks 6 hours ago - 3 weeks 6 hours ago #6424 by Paddy Delaney
Good morning Everyone

Please check that when you open your stores you have a few $ to cover the charge ...

If you have money in your en-commandite accounts please transfer these to your Frega Accounts as when we check that you have funds to pay for services we will only check the Frega Accounts.

We will go live in a few days, get your items ready, take your photos and gear up ...

Remember if you have more than 5 live items (6 to10) on the URL the monthly charge is £2-50 increasing to £5-00 once you have 11 or more and we will make these deductions directly from your Frega Accounts so please do not allow this accounts to be over drawn
The following user(s) said Thank You: Anita:Technical Support, Kapil Arn

Please Log in to join the conversation.

3 weeks 9 hours ago #6421 by Paddy Delaney
Yes, and when you see that many sites like TradeMe and eBay etc require the account to be in credit before you can even list anything and they charge you irrespective as to whether it is sold

Please Log in to join the conversation.

3 weeks 11 hours ago #6417 by Anita:Technical Support
The invoice Fee of 10 Pennies is incredibly reasonable. It is not unfair to demand that the Account is kept in credit to cover this fee.

Please Log in to join the conversation.

3 weeks 12 hours ago - 3 weeks 12 hours ago #6416 by Paddy Delaney
Not to be caught short ...and you have a store, best to have a few $ in the account when you start.

A decrease of passive income rights is a hard price to pay for a few pennies but it is the only way we ensure that we have financial assurances that Members will pay for services failing which other members who support our model will use their derived income to purchase these units and score.

THere will; be a few Account Holders that will not take the alerts seriously to put the accounts in credit and not heed the 7 day correction period and that will be their choice but there is no way to soften the effect.
The following user(s) said Thank You: Anita:Technical Support

Please Log in to join the conversation.

3 weeks 12 hours ago - 3 weeks 12 hours ago #6415 by Paddy Delaney
Making it seamless, frictionless and easy traction to accept new listings (store openings) it crucial to our model so we will not press anyone to have their Frega Account in credit before an ad is launched etc ... an ad will go live, an order placed/ processed a success fee invoiced and Frega Account debited and there is a real possibility that many of this account at this stage (because they are new Members mainly will be overdrawn by the 10 pence less the money we have already credited to their account because of the 10 numberville tables they already have access to.

Going overdrawn will immediately result in the Account Holder being advised (email alert/ popup on the site) that they are overdrawn and they will be asked to deposit money into their Frega Account (Deposit tab made available on the popup) to place the account in credit within 48 hours. The popup will advise that we have distributed the money in terms of our revenue sharing model and it is therefore important that we have the account in credit as a matter of urgency and alternatively we are given the right 48 hours from the time that the account was overdrawn, for Frega to purchase 20% of their future passive flow income (derived value) for the amount of the overdrawn account (a few pennies).

48 hours from the time the account is overdrawn 20% of the derived rights to future income will be purchased immediately by Frega and Frega will credit (as payment) the account for the value of the overdrawn amount.

Frega will hold the derived units for 7 days, giving the Account Holder an opportunity to purchase the derived units back at the cost price after which it will be held by Frega pending the release of Derived Income TRading Platforms where all these accumulated units will be put up for sale by Frega.

Should the account be overdrawn again the same process will be followed by the next 20% etc until there is no further future derived income.

We will use every opportunity we can to explain to the Account Holder that it is in their interests to retain the rights to their future passive income and to pay into the account the few pennies needed when it goes overdrawn.

We are happy to provide a service and it is in the interests of subscribers to take advantage of this service and it is free choice how they manage their relationship with Frega and fellow Members..

So moral of storey make sure there are always a few $ in the account ...everything will be done with Alerts and 7 day correction window ...it will be good opportunity to show the value of derived income flows
The following user(s) said Thank You: Anita:Technical Support, Angela, Kapil Arn

Please Log in to join the conversation.

Time to create page: 2.465 seconds

Translate

Login

Events

December 2017
S M T W T F S
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
31