I've gone through the FAQ's and added in replies.
There are questions that I dont know the official answer to and have just put a '.' for me to come back to after speaking with Ron.
...Don't shoot the messenger!
Quote from: southoffrance on January 24, 2014, 09:50:59 PM
Does half of ones total qualified panel amount go to (upon capping) your legacy ewallet, and the other half to a legacy fund (advertising credits). Do partial payouts come under the new queue rules...?
Legacy panels complete at 50% into the legecey eWallet and 50% to ad impressions.
Quote from: GasHead666 on January 25, 2014, 11:23:36 AM
Will Exec. members be given a higher Withdrawal Allowance from Legacy Pot?
No.
Quote from: GasHead666 on January 25, 2014, 11:22:28 AM
Will Exec. Members be paying $500 pm in V3?
If you chose to upgrade to exc - yes. All current execs will be downgraded to premium.
Quote from: rphelan on January 24, 2014, 09:53:30 PM
Can we purchase traffic packs, panels and monthly subs from the legacy wallet? Or are we expected to provide fresh funds?
No, you can only withdraw from the legacy wallet. A % of your current ewallet and pending withdrawals will go into your advertising credits so you can purchase using them if you do not wish to add new funds.
Quote from: GasHead666 on January 25, 2014, 07:51:15 AM
Chris stated that the $5 Rapid Panel would not lose you money, but when you take into consideration the cost of Traffic, surely that is not the case?
No if the panel is being qualified with sales credits.
Quote from: GasHead666 on January 25, 2014, 07:52:55 AM
Did I hear right that Affiliates can't put in a 2nd Withdrawal Request until the 1st has been paid?
You did.
Quote from: GasHead666 on January 25, 2014, 08:12:24 AM
By cancelling all Withdrawal Requests & replacing them with V3 "Legacy" Withdrawals, will the amounts be honoured (let's say @ $2,500) as Chris & BB have stated or will they be capped at $250?
New withdrawal requests on the legacy ewallet will be upto $250 each for the time being.
Quote from: GOMAAT on January 25, 2014, 06:12:06 AM
Will transitioning BB members have a "Fresh Start" with Traffic Allocation for 5 of each color panel up to Prestige?
Yes
Quote from: southoffrance on January 25, 2014, 12:04:51 PM
$250 limit for each legacy ewallet withdrawal. Am I right in saying this amount has to be paid before making a further withdrawal request? If so - what kind of time period are we anticipating before the next withdrawal request can be made... Or is that a "how long is a piece of string question...?
Legacy payments will be made monthly.
Quote from: GasHead666 on January 25, 2014, 12:15:46 PM
If no capping proceeds go into Advertising Credits & this is used on buying New Panels, is the expected route to have to top up with cash the only one left?
Legacy panels that complete will put funds into the legacy ewallet. v3 panels that complete will go into Advertising Credits. You can purchase products using Advertising Credits that are transferred over, or purchase using external funding.
Quote from: GasHead666 on January 25, 2014, 12:13:58 PM
Where does the money in my "Available to Withdraw" and "Advertising Credits" boxes on V2.9 go under V3 & what can it be used for?
A % will go into the v3 Advertising Credits (the percentage is dependant on the joining time and explained clearly in the relevant slide) and is used to purchase v3 products. The remainder will go into the Legacy eWallet and can be withdrawn.
Quote from: GOMAAT on January 25, 2014, 06:06:26 AM
Will BB V3.0 Panels produce re-purchased panels when they cap?
Yes.
Quote from: GasHead666 on January 25, 2014, 11:29:36 AM
Will there still be a 3-month Withdrawal Request facility, where Affiliates could say, take all but Floor Limit from their eWallet as a lump sum, as this would save waiting for 2 years to get $2,500 max. pm out as a Secondary Withdrawal to clear $60,000?
There isnt a 3 month withdrawal facility at the moment.
Quote from: josephpowell519 on January 25, 2014, 08:28:50 AM
"Panel values will remain the same in BBv3
Yellow- cost $10- caps at $20"
And then all the panel examples.
That is great news if this could be confirmed?
v3 panel values are the same as v2 panel values
Quote from: rphelan on January 24, 2014, 09:53:30 PM
Can we purchase traffic packs, panels and monthly subs from the legacy wallet? Or are we expected to provide fresh funds?
The Legacy wallet is for withdrawing only. A % will go into the v3 Advertising Credits (the percentage is dependant on the joining time and explained clearly in the relevant slide) and is used to purchase v3 products.
Quote from: Ahddub on January 24, 2014, 11:49:40 PM
If my account in V3 does not support an exec level subscription but I have exec level panels completing from V2.9 will I be required to pay exec fee for those legacy panels (red, black and prestige) to complete?
No. Your current legacy panels will complete as normal without needing to upgrade your subscription.
Quote from: amo678 on January 25, 2014, 12:00:19 AM
Can someone clearly explain about us affiliates having to fund the fees from our pocket every month. I am a premium member so my fee is $100 a month from my bank, is this correct?
Yes, or $125 from your Advertising Credits. (Subscription + 25% transfer fee)
Quote from: josephpowell519 on January 25, 2014, 08:18:36 AM
With the % of unqualified panels that move across (30% if you joined before 4th Nov 2012), will those still be deemed legacy panels or will they be real panels for V3?
If we are simply getting the 'value' instead of the panel, will those funds go into the real ewallet or the legacy wallet?
You are getting the value in your v3 Advertising Credits (what you class as 'real ewallet)
Quote from: GasHead666 on January 25, 2014, 07:48:05 AM
On Premium, what's the point of paying $100 to allow you to go $100 Negative?
To have the protection in case you do go overdrawn. Now the penalties for going overdrawn are quite severe there is no excuse for anyone if they havent taken out this protection. I would say that most people wont use this if they have a decent floor amount, but I know a lot of affiliates always push things 'to the bone' and dip into overdrawn quite a lot.
Quote from: GasHead666 on January 25, 2014, 08:05:02 AM
Is 10,000 Traffic to an Executive Affiliate doing a weekly webinar not insultingly low? (Even on the new basis, it's value is the equivalent of less than £4)
Looking at it purely from a monetary point of view, maybe - again that depends on where in the world you are coming from. However, I'd say that the extra profile it gives you "doing official BB webinars" will boost credibility and make you more money from the business side. Just my thoughts. (but the question wont be answered on an official FAQ lets face it!)
Quote from: GasHead666 on January 25, 2014, 07:58:51 AM
Why are we being forced to have yet more Impressions when we can't effectively use the 10's of millions that some Affiliates have sitting unused?
We have been assured that the v3 ad platform will allow us to use these impressions swiftly.
« Last Edit: January 25, 2014, 08:04:44 PM by Jamie Waters »
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Re: New v3 FAQs
« Reply #2 on: January 25, 2014, 08:04:09 PM »
Quote
Quote from: Sparklehorse on January 25, 2014, 12:28:15 AM
Will we be able to transfer funds from our legacy wallet to our v3 e wallet.? Can it be considered that we are able to pay our first 6 months subscriptions from our legacy wallet thus allowing our new panels time to start returning funds and avoiding a negative balance?
It is not possible to transfer funds from the Legacy Wallet to the v3 Advertising Credits [I will find out the second part of the question]
Quote from: mike on January 25, 2014, 12:35:25 AM
"There is a 25% fee (minimum $10) to transfer funds from your Available to Withdraw to your Subscription Wallet" - Why ?
.
Quote from: GOMAAT on January 25, 2014, 06:09:24 AM
What funds may be used to purchase new BB V3.0 Panels?
Funds from the v3 Advertising Credits
Quote from: GOMAAT on January 25, 2014, 06:14:25 AM
Will there be, in BB V3.0, any possibility for transfer of panels or packages to direct referrals?
No
Quote from: GOMAAT on January 25, 2014, 06:52:00 AM
Can the information on the "First Month's Admin" slide be clarified? Please Please Please
It says, first sentence:
"Affiliates from select countries can choose to pay from their Advertising Credits."
Next Sentence:
"These affiliates have the option to pay 50% of their monthly admin fee with funds from their Advertising Credits or they can fund $10 from an external source."
Third sentence:
"Standard = $7.50. Premium = $50"
Then there is a list of third world countries....
This is all very very unclear. Second sentence for instance talks about "monthly admin fee" and not about "First Month's Admin" at all.
Also, if it is actually referring to "First Month's Admin" does it mean that these affiliates can pay 50% of that "First Months Admin" from "Advertising Credits" and the balance from somewhere else?
If all of this applies ONLY to the third world countries then: What about the rest of us....?
And what is that "Standard = $7.50, Premium = $50" all about...... ? ???
The list of countries shown were felt that they would be at too much of a disadvantage to fund their account with $10 within 90 days. Therefore, those accounts have the option to pay half of their first months subscription only from their Advertising Credits. (Hence, $7.50 for standard affiliates or $50 for premium.) If premium affiliates from those countries would prefer to pay $10 (and therefore save $40) - they can fund their account from an external source like the rest of the world. The discounted monthly fee is for the FIRST month only.
Quote from: GasHead666 on January 25, 2014, 07:56:10 AM
If I choose to await a $250 Withdrawal before funding my Monthly Admin Fee, given the Fees involved with 1) BB, 2) World eWallet & 3) Currency Conversion, would it not be better to have an option of a Withdrawal Amount NET of Monthly Admin Fee, thereby saving Costs?
.
Quote from: GOMAAT on January 25, 2014, 08:22:00 AM
What happens to the Partial Withdrawals, still not paid.... ?
.
Quote from: desborado on January 25, 2014, 08:46:57 AM
So legacy ewallet only good for withdrawals.
I pay (very reluctantly) my $10 to stay "in the game".
But choose not to work V3 and my account goes negative.
Will my legacy payments still be honoured ?
No.
Quote from: bbdave on January 25, 2014, 08:59:08 AM
What logical explanation can be provided to describe why the Primary withdrawal queue doesn't include Legacy Wallet funds?
Why are Legacy Wallet withdrawal requests restricted to monthly only?
Can someone explain to me why Legacy Wallet funds are not exclusively in the Primary withdrawal queue?
Legacy funds are funds which have ALREADY been earned by affiliates in accordance with BB's terms and conditions and these are the funds which should be placed in the Primary queue and paid weekly!
.