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[BMF]

Hi, BMFers!
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!

 

[Miya]

Yeah, if cashing out on the 25th means no fee, then I am down for it.

Or maybe if it's not possible to have no fees for everyone, then do a promotion? For example, the first X members to cashout every month can have no fee or something. That would motivate people to cashout monthly. Although right now, only one member has cashed out... but it might be a good solution in the future.

 

[niruktt]

how to de we get payment i mean when and how

 

[iamawriter]

Redeeming one dollar at a time would amount to $3.4 total payment by the time redeeming is done 10 times. as against 0.61 for a one time payment when redeeming is done once at 10 dollars.

 

[tiada]

Redeeming one dollar at a time would amount to $3.4 total payment by the time redeeming is done 10 times. as against 0.61 for a one time payment when redeeming is done once at 10 dollars.

We are looking at zero fee if possible, hope the $0.64 can be waived too.Haha!

 

[joegirl]

Personally, I would prefer to cash out at $10. I am a new member but I belong to a few forums and I do understand what people fear. Loosing their money after all the hard work. Especially for newbies, I think there should be an option to cash out at $5 to build their trust.

 

[BMF]

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?

Almost 99% of the time the money are first put into my credit card and use PayPal to pay you guys.
The date 25 is the guaranteed date you'll be paid, for example, you ask payment now, the guaranteed date when the payments are processed is on 25th that month.

 

[BMF]

how to de we get payment i mean when and how

Hi, so as the majority of our community decided at this moment the minimum cashout is $1,34, basically you need 1340 BMF Coins to cashout, you will receive $1 in your Paypal account and $0.34 goes to PayPal. Got it?

 

[iamawriter]

@Mr. B Is it automatic withdrawal as is the case with myLot? I would wait till I reach 10 dollars

 

[BMF]

@Mr. B Is it automatic withdrawal as is the case with myLot? I would wait till I reach 10 dollars

All payments are manually sent.

 

[Crystal]

the minimum withdraw is subject to vote and is about minimum allowed a user can request but i think if someone wants to wait and request 5 or 10$ then he can withdraw later a bigger amount than 1.34$. Right @Mr. B ?
This answer should clarify many concerns (users with the 10$ option) and also if its true ,will make payments processes much easier/faster otherwise if you send money to those who reached 1340 bmf then it might take you 1 or 2 days to process all the payments in the future when you will reach 2500 or so, users .

 

[BMF]

@******* We vote here the minimum, you ca literally cashout when you want as you reach at least that minimum.

 

[iamawriter]

@Mr. B Only after a user decides to redeem I guess?

 

[BMF]

@Mr. B Only after a user decides to redeem I guess?

Of course!

 

[Crystal]

1 more thing : if a user has 3897 bmf and if he wants a withdraw i guess you will follow the patterns in the vote and you will remove from his account only 3400 bmf (as long as paypal doesnt change their fees policy) ? because i think using the fixed amounts from the vote as references for payments seems easier and faster way to process payments and it is not needed to spend time to convert every bmf point/coin.

Edit : also the old members will know if they can wait a bit more or less for the next level .

 

[BMF]

1 more thing : if a user has 3897 bmf and if he wants a withdraw i guess you will follow the patterns in the vote and you will remove from his account only 3400 bmf (as long as paypal doesnt change their fees policy) ? because i think using the amounts in vote as reference for payments seems easier and faster way to process payments and it is not needed to spend time to convert every bmf point/coin.

PayPal fee is taken automatically by PayPal, so if the user has 3897 BMF Coins I will send him $3.89 Dollars and PayPal will take their cut. Will leave 7 BMF Coins in his account because I can't change them to dollar. It's not even 1 cent!

 

[Crystal]

i see. thank you for reply. So it will be a fully conversion of the available points and not a patterns-follow rule from the vote poll ,i mean not fixed amounts conversion as steps/level . Got it .

 

[tiada]

So, @Mr. B, can I redeem when I reach 5,000 BMF in the near future? Thanks!

 

[BMF]

So, @Mr. B, can I redeem when I reach 5,000 BMF in the near future? Thanks!

Please read the first post in this topic here that explains everything about cashout to avoid duplicate content.

 

[darran22]

why only paypal what about add payoneer to?

 

[BMF]

why only paypal what about add payoneer to?

When more and more people will ask other payment options will consider providing it. Most people are very happy with PayPal, anyway, you can also use an exchange site and move your funds to another e-wallet if you wish so.