Forum GPTPlanet.com → Gptplanet → News and Announcements → Temporary adjusted withdraw limits.

Temporary adjusted withdraw limits.

Started by admin 2019-03-23 at 15:00

17 replies to this topic

Admin

Posts: 956

Posted 2019-03-23 at 15:00

Dear members,

This is an announcement of some measures that we have to take in order to keep the sites alive and stable.

Unfortunately,what makes me sad,is that this situation happened for external reasons and not from bad management from our side.

We have come to this point mostly because of Payza and the loss of our funds.It's been exactly 1 year since Payza closed.

But let me explain to you what happened.
As you may remember late January 2018 we had to close our Paypal account.At this point the biggest processors (and by big i mean the ones with the most cash flow) was Paypal and Payza.
Since we removed Paypal i transferred and kept most of the site's funds to Payza in order to avoid any issue with withdraws and in order to not make a withdraw rule,so you wouldn't have to deposit from Payza in order to be able to withdraw to Payza.

I guess it was a mistake from my side but i couldn't think that this will happen to Payza,a company which was for so many years and never had an issue with them.

So March arrived and around 80% of the site's funds are frozen in Payza since then.

I've added other payment processors in order to keep the sites going and for you to be able to deposit and withdraw.

The second "hit" was the prices of crypto which for example Bitcoin dropped from around $20,000 to $4,000.This caused a cash flow issue on crypto which most of you are aware since we are behind on crypto payments for the past 2-3 months now.

The past 1,5 year i haven't make any profit (nothing to my pocket i mean) from the sites and i am trying to find ways in order to recover from the loss of Payza since my personal opinion is that these funds are lost and we will never get them.

From my experience the sites need around 4-6 more months in order to recover that loss but we have to take some measures in order to keep them stable and running without issues.

This is why from today,and i promise you this is not a permanent change,we will decrease the withdraw limits for all memberships.

The new withdraw limits are as follows :

Standard : $5
Monthly Silver & Gold : $10
Yearly Silver : $20
Yearly Gold & Gold Plus and Monthly Gold Plus : $35

I hope that you can understand the situation we are in and keep supporting the sites.

We have gone through tough times in the past and i am sure that we can go through this as well.

With gratitude,

Admin of Scarlet-clicks,Gptplanet and OptimalBux

Dimitris.

philopek

Yearly Gold

Posts: 55

Posted 2019-03-23 at 18:02

that's totally ok, main thing is that things keep goin' better less than nothing at all.

what worries me a bit more and why i came to read in the forum in the first place is the
recent RR performance where i have to recycle each day around 50 RRs while before it was much less
as well as on scarlet it's much better, even though recycle prices are half there.

so in regards to the problems you explained in your post it's probably the wrong moment to suggest a recycle price in the vicinity of scarlet but perhaps something to consider once we're back on track

after all, recycling and extending RRs would eat up the entire profit at the moment, it remains a bout 1.xx USD per day from 6000 RRs and that covers more or less the yearly membership fee.

in Optimal it's even worth, similarly it remains a bout 1 USD per day from 5000 RRs but that does not
even cover the 700 USD yearly fee, hence it's not profitable at the moment, relatively far from it.

thanks for the kindness of keeping us current, as for the rest better times are coming again, i'm sure ;)

cheers

« Last Edit: 2019-03-23 at 18:12 by philopek »

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bloxwich

Standard

Posts: 36

Posted 2019-03-23 at 22:54

With you all the way, dimitris

siamza

Standard

Posts: 46

Posted 2019-03-24 at 02:22

I hope

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gptclixer

Standard

Posts: 28

Posted 2019-03-24 at 08:48

Honest and kind admin. I think it's good decision for lowering the amounts necessary for withdrawal,for all members. Support all the way for admin! Long live GPT Planet,and all others of course