AsherD opened this issue on Nov 17, 2003 ยท 47 posts
spinner posted Mon, 17 November 2003 at 8:33 PM
By whom is 45 days not considered a long time ? I mean - that money does accrue interest - If I simplify the math, it'd go like this: 10 new merchants sell for 10 dollars a day per seven days: 10 x 7= 70 70 x 10 = 700 They are selling nice little earners, and these 10 sell for 10 dollars a day per month - 30 generic days: 10 x 30 = 300 x 10 = 3 000 That's dollars into the rendo account before they get dispatched, and that money is accruing interest before it gets dispatched. My bank gives me a 7.5 % interest rate on my normal transaction account a month - I am assuming rendo has an equally good deal with their bank. That'd mean that in addition to the cut, you'd be making money on the interest of the newcomers as well. I can understand that with payroll expenses, bandwidth expenses, running expenditures and all the money needed to run a big site, you can't dole out interest on every little thing that enters into your account and out to the merchants - even automated it would take time to go over it and do the math. However, I would very much like to suggest that the new merchants get interest on the money for the waiting period as an extra little incentive and a thank you for their patience. And another question: New merchants and a copyright quarantine: What if Cyberstretch or Illusions decided to set up shop ? They've been members of rendo as long as I have been I think, and it's highly dubious they'd pull any copyright crap. Do the rules apply to well-established members too ? ~S