12dp : Options for E-Gold Transition
The following is a brief description of our E-Gold withdrawal transition procedures and what you can expect from each of the various options available to you. This should also answer many of the frequently asked questions we have received about this issue. If you are currently using E-gold these options will be presented to you after you login to the member page. You do not have to make a decision immediately, but all pending withdrawals will not be made until this change is made.
These options should appear on the member’s page after 6:00 pm EST.
The Transition Procedure
Each member with pending E-Gold withdrawals has for options for what will happen to their withdrawal payments when the time comes for them to be processed. Each member can choose only 1 of the four options and that option will apply ALL pending E-Gold withdrawals and in that member’s account at the time. You cannot choose a different option for each pending withdrawal.
If you have additional E-Gold upgrades that have not expired yet, they will not appear in this list. When that upgrade expires, you will receive another notice on your member login page prompting you to choose a payment option for that upgrade.
When Will I Receive My Payment?
We cannot give you a fixed date or time period in which you will be paid, other than to say that all E-Gold withdrawals will be paid on or before Jan 31. We can tell you that we will be processing payment in order of expiration date. Exactly when you are paid will be determined by many factors including which payment option you select. We will not answer any support tickets asking when a specific payment will be made.
Option 1 - Receive Payment Directly To StormPay Account
This option can be selected for any withdrawal amount. A valid StormPay account is required. You DO NOT have to be NETIBA certified to select this option. There is no 12dp transaction fee associated with this option; see StormPay.com for their fee structure. When your payment is sent to StormPay, we will mark your withdrawal as Processed.
Option 2 - Receive Payment Directly To An EMO Account
This option can be selected for any withdrawal amount. A registered EMO account is required. You do have to VERIFIED with EMO to receive this payment or to print an EMO up to $1000 on plain paper. You DO have to have a verified EMO account to withdraw the funds from your EMO account by any of the other methods they offer. There is no 12dp transaction fee associated with this option; see EMO for their specific fee structure. When your payment is sent to EMO, we will mark your withdrawal as Processed.
Option 3 - Receive Payment via an EMO Money Order mailed directly to your
home
This option can only be selected if your withdrawal amount is a minimum of $1000 and you reside in the US. There will be a $5 12dp transaction fee deducted from your final money order amount. You do not have to have an EMO account to cash this money order. The money order can be cashed at any US bank. In order to receive your money order, the name on your 12daily Pro account MUST match the name you specify for the money order to be written to. When your money order has been mailed, we will mark your withdrawal as Processed. We cannot determine how long the US postal service will take to deliver your money order.
Option 4 - Utilize Your Withdrawal Funds to Purchase A New 12dp Upgrade Package
This option can only be selected if your total withdrawal (including all pending withdrawals) is at least $6. If you choose this option, the entire total of your pending withdrawals will be applied to a new upgrade package in normal increments of $6 units. If there is any remaining cash UNDER $6, that amount will be kept by 12dp as a compounding fee. Your compounded upgrade package will instantly appear in your Member History page but will not become active until the day AFTER the compound option is chosen. The normal $6000 member level limit DOES NOT apply in this special circumstance. However, referral commissions on compounded upgrades will not exceed $720 per upgrade. When your upgrade has been compounded, your withdrawal will be marked as Compounded.
These options should appear on the member’s page after 6:00 pm EST.
The Transition Procedure
Each member with pending E-Gold withdrawals has for options for what will happen to their withdrawal payments when the time comes for them to be processed. Each member can choose only 1 of the four options and that option will apply ALL pending E-Gold withdrawals and in that member’s account at the time. You cannot choose a different option for each pending withdrawal.
If you have additional E-Gold upgrades that have not expired yet, they will not appear in this list. When that upgrade expires, you will receive another notice on your member login page prompting you to choose a payment option for that upgrade.
When Will I Receive My Payment?
We cannot give you a fixed date or time period in which you will be paid, other than to say that all E-Gold withdrawals will be paid on or before Jan 31. We can tell you that we will be processing payment in order of expiration date. Exactly when you are paid will be determined by many factors including which payment option you select. We will not answer any support tickets asking when a specific payment will be made.
Option 1 - Receive Payment Directly To StormPay Account
This option can be selected for any withdrawal amount. A valid StormPay account is required. You DO NOT have to be NETIBA certified to select this option. There is no 12dp transaction fee associated with this option; see StormPay.com for their fee structure. When your payment is sent to StormPay, we will mark your withdrawal as Processed.
Option 2 - Receive Payment Directly To An EMO Account
This option can be selected for any withdrawal amount. A registered EMO account is required. You do have to VERIFIED with EMO to receive this payment or to print an EMO up to $1000 on plain paper. You DO have to have a verified EMO account to withdraw the funds from your EMO account by any of the other methods they offer. There is no 12dp transaction fee associated with this option; see EMO for their specific fee structure. When your payment is sent to EMO, we will mark your withdrawal as Processed.
Option 3 - Receive Payment via an EMO Money Order mailed directly to your
home
This option can only be selected if your withdrawal amount is a minimum of $1000 and you reside in the US. There will be a $5 12dp transaction fee deducted from your final money order amount. You do not have to have an EMO account to cash this money order. The money order can be cashed at any US bank. In order to receive your money order, the name on your 12daily Pro account MUST match the name you specify for the money order to be written to. When your money order has been mailed, we will mark your withdrawal as Processed. We cannot determine how long the US postal service will take to deliver your money order.
Option 4 - Utilize Your Withdrawal Funds to Purchase A New 12dp Upgrade Package
This option can only be selected if your total withdrawal (including all pending withdrawals) is at least $6. If you choose this option, the entire total of your pending withdrawals will be applied to a new upgrade package in normal increments of $6 units. If there is any remaining cash UNDER $6, that amount will be kept by 12dp as a compounding fee. Your compounded upgrade package will instantly appear in your Member History page but will not become active until the day AFTER the compound option is chosen. The normal $6000 member level limit DOES NOT apply in this special circumstance. However, referral commissions on compounded upgrades will not exceed $720 per upgrade. When your upgrade has been compounded, your withdrawal will be marked as Compounded.
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