BannersBroker Payment Issue Apr 11, 2013 1:00:57 GMT -5
Post by fsd2013 on Apr 11, 2013 1:00:57 GMT -5
10/04/2013 9:33 PM] On 10/04/2013, at 5:47 PM, John Frogge wrote:
Interesting news. I spoke with Terry Stern Yesterday and this is...
Sabrina Leibundgut 6:37am Apr 10
I spoke with Terry Stern Yesterday and this is what he said:
Payments have been released to both Payza and STP for release to affiliates as scheduled.
It takes time to move 8 figures through any institution for breakdown and release to affiliates. The withdrawals are registered and released in bulk payments, and it's in Payza/STP's hands as to how long it takes to process from there.
You must also understand, that because the BB card was cancelled ,there was an influx of payment requests which forceably delayed people from getting paid during the normal timeframe.
It's congestion to be blunt...so many people requesting soooo many withdrawals, that the system is slowed down...but the funds are released, I've seen the paperwork with my own eyes.
They are made weekly to STP/Payza...the delay is on their end. The problem is that STP has limitations as to how much they will process each week.
They only push out so much....example: if their limitation is $1 Million/week, and we get $3 Million in requests, then the overflow is delayed at least 1-2 weeks before payments are issued.
Each week requests are made, so payments then get delayed further and further due to limitations.
BBI is actively attempting to make better arrangements for quicker payments, but it's not an easy task nailing down all the details...nor is it quick. Until then, Payza/STP are the options.