Timeframe for Building a Float Balance
DXSupport ID: FAA-NVRMXV-DRD8
Thread Created: Fri Aug 04th 2006 7:46:47 AM
Thread Created By Who: Yourself
Thread Status: Thread Closed By Read (Reply To Re-Open)
Thread Category (Master): DXMerchant
Thread Category (Sub): OutXchange Issues
Thread Subject: Building a float balance
Thread Message Count: 2 Messages
1 Created: Fri Aug 04th 2006 7:46:47 AM
Created By: Yourself
Message:
Good morning!
I am a moderator at DX4All (shiisa). We have had numerous people posting responses regarding how long merchants will have to build up their float to the minimum 2K. But the responses are often different!! One person says 30 days... another gets the response 60 days... and the latest is that there will NOT be a timeframe for the initial merchants, but that later added merchants will have a time limit.
I understand that perhaps that decision is still up in the air! Can you give me the "straight info" so that I can post it at DX4All? Even if the answer is, "we don't know yet..."
Thanks for your help!
2 Created: Sat Aug 05th 2006 11:38:21 PM
Created By: DXSupport / DXAdministration
Message:
Hello Janet,
The time frame to process OutXchanges to fund the Float will be left open to help some DXMerchants to settle in. As a Float balance increases it will be eligible to receive InXchanges before the minimum Float is met and during the building of the Float it will then depend on the response to process OutXchanges, which will determine if further InXchanges are received.
If a DXMerchant doesn't continue to build their Float to meet the minimum balance then they will not receive InXchanges.
We hope we have been of assistance, if you have any further questions or queries please don't hesitate to reply.
With Regards,
The DXSupport Team
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