Right now United Paycheck uses one e-wallet for all the currencies. All the below are handled in one e-wallet 1. Funding, 2. Ad port purchase, 3. Ad income, 4. Direct referral income, 5. Binary income, and 6. Fund Withdrawal. The objective is to do these activities for different currencies in different e-wallets, dedicated to each currency.
E-Wallet Changes: The ‘One E-Wallet’ system will be changed to ‘Multiple E-Wallet’ system. Right now we use 4 currencies only. Every currency will have its own E-Wallet for all the activities mentioned in the objective section. The names of the new E-Wallets will be: Payza E-Wallet STP E-Wallet LR E-Wallet PM E-Wallet EgoPay E-Wallet
Functionality Overview: 1. Funding The affiliate will fund a particular E-Wallet when he pays using that currency. He will see the balance of that E-Wallet increased and all other E-Wallets will remain unchanged. Example: If an Affiliate adds $10 funds using Payza, the Payza E-Wallet will be credited with $10 and other Wallets remain unchanged. 2. Ad port purchase When an affiliate is buying ad ports, the ad port purchase will happen using a particular E-Wallet of his choice and with minimum $20 balance. Case 1: If the selected E-Wallet has sufficient balance to buy the number of adports entered, the ‘Purchase Now’ button will complete the process by deducting the amount from the selected E-Wallet and buying the ad port. Case 2: If the balance is lower than required for the purchase, following message will be displayed: ‘ You have insufficient balance in the selected E-Wallet. Please select a different E-Wallet, or fund this E-Wallet’. If the affiliate clicks “Fund E-Wallet”, he will be taken to the Add Fund page to add the fund. Example: If an affiliate has $20 in LR E-Wallet, $10 in Payza, $30 in Egopay and wants to purchase 2 ad ports, he can do so from LR and Egopay E-Wallets. In case he wants to buy another AdPort, from Payza, he will have to fund $10 extra into the Payza E-Wallet. 3. Ad Income The ad income will be credited based on ‘which’ ad port is generating that income. If LR is used to purchase the ad port, the 1.5% daily income will be credited to LR E-Wallet only. This way only the balance for the E-Wallet used to buy the ad port changes. Example: If a user has bought 2 ad ports using LR, 1 ad port using Payza, his LR E-Wallet will be credited 2X30 cents and Payza E-Wallet will be credited 1X30 cents daily.
4. Direct Referral Income Any direct referral commission paid for ad port purchased will be credited in the currency used to purchase that ad port. Example: If my direct referral purchases 5 ad ports using Payza and another 3 ad ports using PM, my Payza E-Wallet will be credited with $5 and PM E-Wallet with $3. 5. Binary Income Our experts have designed a statistical approach, which takes multiple data into consideration to decide the E-wallet in which your Main ad-port and Sub Ad port binary income is paid in the new "Multi E-Wallet" system. Since the binary payment is made for your team effort and network marketing activities, this approach is the driving principle of the new formula. The main ad port and sub ad port binary income payment are calculated separately, so they might be paid in one or different E-Wallets. Please note that the payment processor for binary payment is NOT fixed for any United Paycheck account. This is calculated every day by the software while generating the binary income for the account. So, one day you might get paid the binary income in Liberty reserve and the other day you might get it either in Liberty Reserve or Payza or any other option. It entirely depends on data mining of different factors and how your binary team works and grows. 6. Fund Withdrawal The fund withdrawal process at withdraw.asp will change to show all the E-Wallets for fund withdrawals. So, we will have different buttons for different currencies. The user can use one button at a time only. For next currency withdrawal, the affiliate needs to go through the verification code process again. The existing condition of ‘highest paid currency’ will no longer be needed, but minimum withdrawal check is required, as before, on each currency.
Every affiliate gets returns proportionate to their deposits in the e-currency used. This will avoid any confusion regarding mix-ups of e-wallet funds during withdrawal. Same e-currency deposit and withdrawal per adport will ensure transparency and fairness. Binary income formula ensures proper distribution of e-currency funds based on statistical data in accordance with the team growth. This will streamline the fund-management operations of the finance department for more efficient distribution of profits. This system will further consolidate our core business framework, making United Paycheck stronger and sustainable program.
United Paycheck - Multi E-Wallet System
‘Multiple E-Wallet’ systemTransforming Dreams Into Reality
Yesterday Single E-Wallet’ system Funding Direct referral income Fund Withdrawal One E-walletBinary income Ad Port purchase Ad income
Functionality Overview If an Affiliate adds $10 funds using Payza, the Payza E- Wallet will be credited with $10 and other Wallets remain unchanged.When an affiliate is buying ad ports, the ad port purchase willhappen using a particular E-Wallet of his choice and withminimum $20 balanceIf a user has bought 2 ad ports using LR, 1 ad port usingPayza, his LR E-Wallet will be credited 2X30 cents and PayzaE-Wallet will be credited 1X30 cents daily.
Functionality OverviewIf my direct referral purchases 5 ad ports using Payza andanother 3 ad ports using PM, my Payza E-Wallet will becredited with $5 and PM E-Wallet with $3Takes multiple data into consideration to decide the E-wallet inwhich your Main ad-port and Sub Ad port binary income is paid inthe new "Multi E-Wallet" system. The main ad port and sub adport binary income payment are calculated separately, so theymight be paid in one or different E-Wallets.Different buttons for different currencies. The user can useone button at a time only. For next currency withdrawal, theaffiliate needs to go through the verification code processagain.
BenefitsGets return proportionate to theirdeposits in the e-currencyEnsure transparency and fairnessEnsures proper distribution of e-currency fundsEfficient distribution of profitsSustainable and effective program
By the end of it, you never know how its going to turn out. Hopefully if we pick the right program and put the right leaders on & all the collaboration works out. It’s a Win-Win Situation