Sunday, July 17, 2011

AP charges

AlertPay has a system of cutting off a charge fees of transferring/sending money from one account to another. This charges differ depending on the sent amount as well as the method and the tools used to transfer the money.

* In the case of no Credit Card is used: AlertPay charges 2.5% of the sent amount + $0.25
* In the case of using Credit Card: AlertPay charges 4.9% of the sent amount + $0.25


* An example to clear any misunderstanding: 
Let's say that you want to lend $13 (Silver sponsor), then you have to be sure that the exact amount ($13) will reach Exeer Al-Kaven without any cent is decreased (so he can start investing your pure $13 but not less). All what you have to do is to keep AP charges in mind and do the calculations before sending as below:

* If you are going to send the amount from your AP account without using Credit Card, then the total amount (with AP charge is included):    ($13 x 2.5%) + $0.25  =  $13.32 + $0.25$13.57
So,   $13.57 is the amount you have to send in order to $13 (not less) will get invested.

The same thing for any amount you wish to invest, just keep in mind the method you are using (whether Credit Card is used or not).




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** Related topics:
          * What is AlertPay (AP) account?
             * Initial letters list.