I'll Pay Later
WHAT iS i'LL PAY
LATER (iPL)?
simply go to MY DASHBOARD, click the START tab,
then click I'LL PAY LATER button as shown below..
WHAT iS i'LL PAY LATER?
I'll pay later or IPL
is simply just like a credit card where you can borrow money for
your purchases.
yes! you can now borrow money from FanBox
that you can use to fund your FanBox Ads, Boost Portfolio or
even to purchase Products, Services & Premium Blogs.
Below is a sample of an IPL Account Summary
for each row i label them with letters so i can better explain
each of them below.
A
MY CURRENT iPL LiMiT - $7349.89
IPL limit is the maximum amount that you can borrow from FanBox.
each of us has different IPL limit.
all FanBoxers starts with an initial IPL limit of $100 USD,
which can be increased, in incremental steps,
with the passing of time as you achieve each qualifying step.
B
UTiLiZED - $211.24
if you already activated your IPL and you already used them
to fund your Ads or Boost portfolio,
you will see here how much of your IPL limit is already used.
C
AVAiLABLE - $7138.5
this is the remaining amount that you can still use
to fund your Ads & Boost portfolio.
D
MONTHLY PROCESSiNG FEE - 1.58%
each of us is given with different Processing Fee Percentage.
so far, i can see from my friends that it's around 1.54% - 1.58%
i'm not sure how it is based. but i will show you a sample
computation
based on this percentage.
the minimum amount for processing fee due is $2.00.
we only pay the processing for the amount that we already
utilized.
so here's an example based on the figures above..
$750.00
(UTiLiZED AMOUNT) x (PROCESSiNG FEE %) = PROCESSiNG FEE DUE
$750.00 x 1.58% = $11.85
$750.00 x 0.0158 = $11.85
based on the computation, the amount due for processing fee is
$11.85
E
FEE DUE - SEP-26-12
this is the due date for your monthly processing fee.
10 days after your processing fee is due,
if any portion of it remains unpaid,
a $10 USD penalty will be charged to your FanBox Bank.
After another 20 days, if any portion still remains unpaid,
your processing fee for that month will double.
Eventually, if it still remains unpaid,
your IPL account may be subject to termination;
with both un-utilized IPL funds and earnings returned to the
community IPL pool
for use by other community members.
F
PAY MY iPL PROCESSiNG FEE
you can pay your processing fee due by
choosing from these 3 options below..
if you don't have Earnings Fully Matured, no Credit Card &
no PayPal account,
you can Add Funds/Top-Up money to your FanBox Bank
through Western Union or Payza.
you can check the Top-Up instructions below..
CAN i EFFECTiVELY LOWER OR EVEN ELiMiNATE
MY PROCESSiNG FEE?
yes! each month, you can effectively lower
or even completely eliminate your processing fee.
this can be accomplished by purchasing products, services or
premium blogs, and automatically receiving a cash back earning
up to the amount of your processing fee.
with each item purchased, a full third (33.3%) of your purchase
price
will be automatically injected into your FanBox Bank
as a "cash back earning" - up to the amount of your
processing fee -- after your processing fee is paid.
WHY DOES MY PROCESSiNG FEE CHANGE EACH MONTH?
each month, your processing fee will likely be different from th
month before,
because it's likely that you have utilized a different IPL
amount.
remember, you only pay a processing fee on your utilized amount,
not your IPL Limit.
also your processing fee percentage can vary slihtly each month
based on economy utilization factors that are variable.
BEFORE CASHiNG OUT, OF COURSE
i'LL NEED TO PAY OFF ANY UTiLiZED iPL FUNDS,
BUT CAN i ACTUALLY USE MATURED EARNiNGS
iN MY FanBox BANK TO PAY OFF MY UTiLiZED iPL FUNDS?
yes, you can utilize matured earnings from your FanBox Bank
to pay off your IPL amounts owed!
in addition, you can also use your PayPal, credit card,
western union or payza account to pay off
your IPL funds utilized.
- REMiNDER -
You will NOT be able to Cash Out even if you have
Earnings Fully Matured (90 days)
not unless you paid all the amount you borrowed/utilized
from you IPL Limit.
- YOU MAY ALSO READ THESE POSTS RELATED TO iPL -
Everything To Start With
