Alertpay And Resolving The Bank Transfers

As money comes into my Alertpay account I send it back out again to the various
programs I use. I was shuffling a portion of my Alertpay funds to my bank account
but that avenue is not available and probably won't be until the middle of February.

The way I see it, if I can't move the money, I'll put it to work and keep earning an 
increasing  amount of ROI or "return on Investment" with the various programs I
use in my Biz.  Actually...I can get my funds by cheque for a 50 cent fee. It was $3.00
but because of the inconvience to members the fee was lowered.



So..what happened? Alertpay uses Multi-Marketing Corp for transfers between bank
accounts and the company has an unresolved issue with the Royal Bank of Canada.
The Royal Bank is one of the major banks of Canada and has closed the accounts
to Mutli-Marketing Corp. No reason given yet for RBC's move but that's for the legal
departments to hash out now.

Meanwhile Alertpay has setup an agreement with another bank willing to handle their
business and this is going into the final stages. No word on which bank it is yet but
that will soon be announced I assume.

Anyway...as Alertpay pushes through this mess I hope this new setup will speed up
transfer times between my bank account and the processor. Sometimes it can take
up to a full week for a transfer to take place. I avoid making transfers on the weekend
because that just puts an extra delay as my funds are in limbo between two accounts.
There is also the option of funding with a Credit Card but I try to avoid that if I can.

There is one advantage of using a Credit Card such as MasterCard or Visa in that if
a program closes or stops paying, sending in a support ticket to Alertpay usually results
in a reversal of funds back to your Card when support checks out the status of the program
involved.

Hundreds and thousands of dollars flow through Alertpay accounts in a day and it's time
they get this banking issue in gear and resolved. However, we all know the pile of paper
work you need to go through when dealing with banks and the dwell time while the bank's
"bigwigs" make up their mind if it's a go or not.



 

 

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