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Closed Which is The Minimum CASHOUT on BeerMoneyForum.com?

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BMF

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Hi, BMFers!:Biggrin:
For me, it doesn't matter the minimum payout but I know for you do matters. How to earn BMF?

Cashout:
I use my credit card to send you payments for the posting services you provide here, as per terms, the receiver of the money pays the fee. I have a business account and will not send so many times "money to friends" and pay the fee because I want to keep my account SAFE. That's the truth!

This POLL will be forever open and you can change your vote as time goes, means before you cashout you must check this poll to see which is the most voted minimum option for cashout at that time. This is to be fair for new and old members of BMF community. I hope you like this cashout rule which is based on community choice!
 

kaka135

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I would like to have cashout option 1, so I don't need to pay any fees. :D

But, since you rarely have money in your PayPal balance, then I would go for $10 with the lesser fee to pay. As long as BMF is paying, I don't mind to wait for longer.
 

BMF

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I voted $10, and that's the best option to save on fees period.

@kaka135 Never fear I'm not gonna pay my members. Do you think I invested hundreds of dollars on forum script + theme + addons + advertising + my time to destroy my online reputation?
never.gif
 

Miya

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I have a question:
This POLL will be forever open and you can change your vote as time goes, means before you cashout you must check this poll to see which is the most voted minimum option for cashout at that time. This is to be fair for new and old members of BMF community. I hope you like this cashout rule which is based on community choice!
Does this mean that this poll sets the minimum? For example, if $10 is voted the most, does that mean that the cashout is at $10? Because I don't understand why I MUST check the poll everytime I cash out if I want to cashout at $5 (the current minimum listed on the forum).

I also prefer Option 1 because I want to get every penny I earn. But if that's not possible, I will have to live with the fees.
 

Miya

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@Miya As I have understood it, we are given the option to change each time we want to redeem which I think is a good thing. At this moment in time they get an idea of what the community likes and that's it.
So in other words, we can redeem whenever we'd like? That's fine, but then I don't understand why we have to check the poll everytime we cashout?
 

Miya

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I understand the voting part. What I don't understand is why I have to check the poll every time.

Say I have 5000 coins that I want to cashout for $5. I come to check this poll and $10 has the most votes. So does that mean I can't cashout at $5 because everyone voted $10? So does this poll "set" the minimum for cashout?

If not, then this is just a poll to get our opinions, right? So why must we check the poll before cashing out everytime? That is my question.
 

iamawriter

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@Mya I have said that already. You are right. It is an opinion poll - this particular one. You may change your mind and therefore they are giving you the choice.
 

BMF

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So in other words, this poll sets the minimum cashout for BMF.
Short and simple this poll says which is the minimum cashout at the time you want to cashout.

To make it even fairer, you can change you vote at any time. After that check which option has most votes. That option is the minimum cashout.

For example, as I'm writing this post there are 4 Votes for min $10.61, this means you can cashout at this very moment at min $10.61.
 

Miya

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So right now $10.61 has the most votes which means if I wanted to cashout for $5, it'd be impossible, right? Which means that this poll sets the minimum and we (users) set this poll. Am I understanding correctly?

Sorry for all the questions, just want to be 100% clear on the new minimum.
 

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Yes, users set the minimum, right now you cannot cashout $5, the majority wants min $10.61.
If majority change their mind to minimum $3.40 you can cashout at min $3.40 or other option.
 

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Gotcha. Thanks for clarifying.

One more question though: what will happen in the case of a tie? That means two of the options have the same amount of votes. Is that up to us to decide then?
Never thought of a tie, I believe you right, you can choose between, I can't see a problem with that, we can't wait till someone comes to vote to proceed with the cashout, so you choose between. No problem!
 

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Sorry for my ignorance here. I only see my BMF coins but I don't see the value in dollars. I go for 1 dollar too but it seems you already have finalized the minimum amount to cashout now and that is $10.

Oh, I just read the comments above and now I remember that I need lots of BMF coins like 9k before cashing out. It will be a long way to go for me now.
 

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Sorry for my ignorance here. I only see my BMF coins but I don't see the value in dollars. I go for 1 dollar too but it seems you already have finalized the minimum amount to cashout now and that is $10.

Oh, I just read the comments above and now I remember that I need lots of BMF coins like 9k before cashing out. It will be a long way to go for me now.
You must vote yourself the minimum cashout you want. Read the first post to clearly understand.
 

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I just changed my vote. Thanks @Miya and @Grecy095 for bringing this up. I think as BMF is still quite new, it might be good to help members to cash out easier, so they will have confidence with the site. I chose $10 because I have received payments from BMF, and I want to avoid paying high fees. But even if the minimum cash out value is $1, I can still cash out at $10 or $20, am I right?

@Mr.B Will it be possible to go for option 1? As you mentioned in the forum rule, if we cashout on 25th, then perhaps you have money in your PayPal account?
 

tiada

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First, I prefer not to pay the fee by either party, members here or Mr.B as it's not worth it,we should come out with a WIN-WIN situation.

I would choose $10 treshold if this option can help in avoiding the receiving fee, if any.

As mentioned by @kaka135, if the fee can be avoided with the pay day is set at 25th, I prefer to opt for this. :p
 
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