Posts Tagged ‘Payment Processors: Learning How to Move Funds Into and Out of Your e-wallet’
You have an e-wallet. When you login to your Back Office as a member of our program, you will find this e-wallet that is used for all monetary transactions in our program. Your e-wallet is integrated with the Payment Processors which you will use to move money into and out of your e-wallet.
This business feature is one of the most important aspects of our Cascading Wealth Creation program. The fact that you have your own e-wallet in each of the fourteen programs with the ability to control the movement of money into and out of your member account puts you in total control of your money. This level of control over your money makes our program better than 99% of the business opportunities on the Net. Don’t underestimate the value of being able to manage your funds!
There are so many stories of companies who withhold or fail to pay commissions or earnings on time, if ever. I have a few stories that I could tell you that were a disappointment and cost me hundreds and in one case, thousands of dollars. I lost $25,000 in one fell swoop with ILN many years ago and following that experience, it has always been an issue for me to ascertain the ethical and administrative abilities of the corporate staff and owners to pay their members and distributors. You cannot justify staying with a company that delays or fails to pay their distributors on time. As professionals in this Industry, we learn to stay away from or leave companies that cannot send checks when they are legally due to be paid. It is the death knell for a company whether the company is in its infancy or even after they have changed their computer system software after being in business for years. There are absolutely NO excuses for the failure to pay commissions on time.
Fortunately for you, Cascading Wealth Creation provides members the control of the movement of their cash earnings and commissions. This is going to be of paramount importance as you earn thousands of dollars in our program. This feature alone sets our business above virtually all of the other MLM programs online and makes it the superior choice based upon the assurance of making an actual profit and having money in your pocket when you want to spend what you have earned. You now have your very own e-wallet and you choose when and how to move your profits in our system. This is amazing and profound!
You are able to manually withdraw your Cash Earnings from your e-wallet using three different Payment Processors which you personally link to your bank account or your credit or debit card. You choose the amount to withdraw and perform all of the actions using your Back Office. You don’t have to rely on the word of the company that the ‘check is in the mail’. You move the funds in your e-wallet yourself after the computer software system automatically pays you when you move into and through each Phase.
For instance, you have filled your Phase 1 matrix with twelve members in Club4EliteSilver and you receive $200 in the Cash Balance of your e-wallet. You can move that Cash Balance into your e-wallet to Fast Track one of your downline members into Club4EliteSilver or you can withdraw it directly to AlertPay, SolidTrustPay, or PayItGlobal. You can also transfer any amount of that $200 to another member’s e-wallet. You are in total control of the funds in your e-wallet!
When you withdraw funds from your Cash Balance to a Payment Processor, you will need to have your account established with a username and password and a PIN number. You must take care to keep this information secure and private. If you think that your Payment Processor accounts have been accessed by a trojan or a hacker; then change your password and take precautions to maintain the security of your funds in order to transfer them into your bank account or to your plastic credit or debit card. It’s your responsibility to keep this information secure.
When you use one of these three Payment Processors to move funds into your e-wallet, you can use the funds in your e-wallet to Pay It Forward to upgrade free Referrals and get them into the matrix swiftly until they learn how to transfer funds themselves. When you have a reasonable amount of money in your e-wallet, you have the ability to place new members into your Phases quickly. We have found that it’s a good idea to keep about $25 dollars in your Join4aDollar e-wallet and $50 to $100 in the e-wallets of the rest of the programs. I will often offer to give you one of my free Referrals to place in your matrix under a member of your choice when you have a dollar to upgrade that person. Let me know when you have funds to be used for this purpose and we will work together to fill your Phases with members using the funds that we keep in our e-wallets to build our business.
If you have just joined as a free Referrals and you don’t have an account with any of the three Payment Processors; then we will teach you how to set up your accounts and fund them in our next post. The process is fairly easy, but there are some useful hints and ideas that will be helpful for you to know before you do this for the first time.
Here are the URLs for the three Payment Processors that Cascading Wealth Creation uses for funding our e-wallets and withdrawing funds when we want our payday.