How to get money out of PicPay

hb40 · #1 07-05-2005, 01:17 PM

Hi,

I just got an update from one of the merchants that it's taking a little longer for pips to verify merchant sales (around 3-4 weeks) but they believe things are still moving. They've done over $300k of sales so far.

This seems like the best way to get money out of PicPay at the moment - buying goods from merchants.

Some of the merchants are also offering pre-loaded debit cards which you can use to withdraw cash at normal ATM machines.

I haven't purchased anything from merchants yet, but I'm keeping a close eye on it. I know there's been some reports of merchants that are not being paid. The ones that I've emailed have been paid by pips so far.

The merchants can be found by going to picpay.com and looking under the merchants section.

If anyone has more fact feel free to share.

cheers

golfer · #2 07-05-2005, 02:05 PM

Quote:

Originally Posted by hb40

Hi,

I just got an update from one of the merchants that it's taking a little longer for pips to verify merchant sales (around 3-4 weeks) but they believe things are still moving. They've done over $300k of sales so far.

This seems like the best way to get money out of PicPay at the moment - buying goods from merchants.

Some of the merchants are also offering pre-loaded debit cards which you can use to withdraw cash at normal ATM machines.

I haven't purchased anything from merchants yet, but I'm keeping a close eye on it. I know there's been some reports of merchants that are not being paid. The ones that I've emailed have been paid by pips so far.

The merchants can be found by going to picpay.com and looking under the merchants section.

If anyone has more fact feel free to share.

cheers

They do have visa cards but you cannot get cash out of them at an ATM. They can be used at POS. Accepted wherever visa debit cards are accepted.

unbelievable · #3 07-05-2005, 02:09 PM

No No more facts. But a question, please. Can one buy gold through these merchants? As in gold coins? It was briefly mentioned at one time but no more was said about it.

dogman · #4 07-05-2005, 02:16 PM

Yeah, they orginally told the merchant to stop doing it, but then after yelling from members about how unfair Picpay was being, they were allowing it the last I heard.

But, YES, you cannot get real money out of Picpay.

2001z71 · #5 07-05-2005, 02:24 PM

Quote:

Originally Posted by unbelievable

Can one buy gold through these merchants? As in gold coins? It was briefly mentioned at one time but no more was said about it.

Yes, you can and I did. Dogman is right, they did shut him down for a while, but he is back and I am waiting for my One Ounce American Gold Eagles to come in the mail. Its been more than a month and a half since I ordered.

KTCoins.com is where I got mine. The guy sends out regular updates via email to let you know exactly whats going on. Although, I really don't expect Picpay to actually send him any money soon.

bispro · #6 07-05-2005, 02:24 PM

I dont know but with ez-investor and http://gp-invest.sytes.net gp-invest you cacth your money out

dogman · #7 07-05-2005, 04:43 PM

And other merchants aren't getting paid - JustPicpay just posted he hasn't been paid.

So you can't get your money out of Picpay through the merchants because they won't ship you your merchandise until they get paid, and they aren't getting paid, so you will receive nothing for your Picpay.

unbelievable · #8 07-05-2005, 05:10 PM

Quote:

Originally Posted by 2001z71

Yes, you can and I did. Dogman is right, they did shut him down for a while, but he is back and I am waiting for my One Ounce American Gold Eagles to come in the mail. Its been more than a month and a half since I ordered.

KTCoins.com is where I got mine. The guy sends out regular updates via email to let you know exactly whats going on. Although, I really don't expect Picpay to actually send him any money soon.

Thanks for the url. I will take a good look at this as I have been wanting to start collecting gold coins to go with my silver coin collection.

richvisions · #9 07-05-2005, 05:27 PM

Where has the original poster been .. ?? UNDER a rock???
Merchants are getting paid slowly.. what else is new?
Name of the game patience.. if you have none.. then you call it a scam
If you have some.. then you wait.. and wait.. and wait.. till it either goes one way or the other.. NO ONE HAS any true info..
IT is all speculation.
PERIOD!

bazzer · #10 07-05-2005, 05:40 PM

What is your definition of patience? 6 years? I think 6 months goes beyond all reasonable definitions of patience for getting paid from a program. I know, as my oldest payment is 6 months old....still not received.