TelexFree Withdraw Change (old Contracts)
Well… Guess what?
All of us who thought we were safe for the rest of our contracts are waking up to madness!
There are many different people out there stating many different things. So.. don’t get caught up in what one person is saying, just keep doing your research and you get the answers you’re looking for.
Heres what I received: This is a post from Roy Lentz, just figured I’d pass it on!
“I just received an update from Steve Labriola. So like it says in our back office, we are all required now to meet the new requirements for an Adfamily Plus.If you had an existing contract in the old system as a family adcentral, then you are automatically considered an adfamily under the new system. But to be qualified as an adfamily plus, you need to have 5 customers, and you need to have sponsored one person on your left and one person on your right AND both of those positions also have to have 5 customers.The two positions under you can be old family adcentral positions. That’s OK. If you already have that, then you just need to get 5 customers in each of those positions.New accounts created, have to go through the process of getting 10 customers, that’s a one-time requirement. Then they have to sponsor 2 people, one left and one right and those two positions have to have at least 5 customers.For new positions, you have 30 days to meet this requirement.Last week some people who even met the new requirements still could not withdraw. That was a mistake and will be fixed. We should be able to withdraw funds from an account at least until we have our original purchase cost back.
After you recover your original purchase cost, you will continue to earn in the account, but you can only use the funds to pay invoices, until you get qualified as an adfamily plus.”
First the Good:
We can all still get our money out and get paid for doing our ads. Meaning that we continue to do our ads as normal and we continue to be paid to do that.
We can withdraw without the new regulations up to the amount of what we paid to get your franchise. Meaning if you paid your 1425$ to get your franchise you can withdraw or transfer up to that amount without worrying about the new changes. However, after you’ve reached that amount you will now be required to meet the new rules…
The not so Good:
You now will be required to have at least 5 active customers and two promotors who also have 5 customers each in order to transfer out or withdraw to your ewallet up and above the franchise cost.
So for those of you team builders you will need to meet these requirements for each spot you own.
I’m still gathering information but this is straight from Randy Crosby and Santiago who is at the corporate office. He also said that they have made some suggestions to make this better for everyone but we shall see.
Alternative:
I’m sure you probably want to be as positive as you can about the company and where its heading. But…. In my eyes its not looking to good. Sure we could all sit down and come up with a strategy to get back to the glory of the old days, but it just really seems like they change the rules on a whim. So with that being said I’m going to spread out my money a little bit.
Take a look at the company below if you’re looking to keep your income going without all the drama.
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So do yourself a favor and get registered, mess around in the back office and see what it’s like. I know you’ll love what you see!
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I would like to know how exactly to send bank information for you guys and make it’s working.So make it’s more simple for us.Now everything look like complicated.How we can handle our jobs without headache !!!!!!!
I need help !!!!!!!!
What are you looking for help with?
Hi Eric,
I have a question and hope You have the answer. I have an old contract account and I never made a withdraw on it. I have about $1385,00 to withdraw, that less than the $1425,00 that I invested on bought it. But my account is locked, even if I never had touch any money from it. I have about $100 to repurchase but I did not because I was afraid to reach the limit and be blocked. But anyways that happen. Do you know if I can do somenthing about? They promised We will be able to get only the money We invested, but this affirmative is false in my case.
If You have an advice for me, I appreciate that!
Luane, Here is what I would do… First of all I’m assuming you’ve never transferred or payed any invoices out of the account you’re talking about. But I would try to do 1375 and if that doesn’t work I’d try 1365 and so on until it goes thru. I’ve heard of a glitch out there that is denying accounts to withdraw that should be allowed to withdraw but who knows??… Telex is having some real problems right now.
Hi Eric,
Thanks for your information.
About the old plans, I have 2 problems here. Is really grateful inf you can give me some advice.
1. I recover my purchase cost in my old plans. So I cant withdraw anything from my ads earning? It means I need to become family plus and got income there? 5 customers each (me, 2 of my line)is purchase per month or the time that we need to withdraw?
Are we able to transfer to each other and withdraw money from one account?
2. My down line haven’t recover yet. What amount is the best to withdraw in system? I afraid they get locked before withdraw. One of them is individual plan.
Thanks Before. Best Regards
Chin, Yes you will need 5 current customers and two personally enrolled promoters that each have 5 active customers as well.
Transfer between accounts is counted as a withdraw so no you don’t want to do that.
(You can however pay invoices for other customers all day long)
There really is no best amount to withdraw… you just want to be sure to be able to get the most out as possible while you are qualified.
Hope that helps
E
Thanks for the fast answer. It really helpful. Is really annoying from the passive program become active and complicated.
Do you have any link that explain in detail for the new plan?
Best Regards
Now that they’ve filed for chapter 11 bankruptcy I don’t think we’ll need to break down the comp plan much. 🙁 Just so you know our team has completely moved into a better , more stable situation. Take a look at this if you want to join us. http://joineric.com