Hello Curt Miller,
we hope that this newsletter reaches you in a good moment!
First, we want to apologize for the late newsletter this time – we know that in times like these, when we have to face many challenges, communication is crucial and we will try to catch up now as good as possible.
Primarily we like to answer the most important questions about MyMercuryCard.
MyMercuryCard does an incredible job for GMA, but we know that many of you are waiting for verification and answers from the support. Before you are wondering, why things are slow, please think about the fact that more than 65.000 customers signed up in the first three weeks and uploaded more than 120.000 documents. Each of those documents has to be reviewed manually by the support. People like you and me have to check every single document, and we hope you understand that this might take some few more days.
MyMercuryCard will catch up with this massive wave of new customers within the next ten days. All requested wire transfers have been made, and you should see the requested amounts within two banking days maximum.
Let ́s get to the good news: We were now able to negotiate much better conditions than the conditions you’ve already seen.
First of all: there are no monthly account maintenance fees of 1.99$/€ anymore! The transaction fees and annual fees will be changed to a lower rate very soon, and we were able to negotiate some other good conditions for GMA-members that will save you a lot of money. MyMercuryCard will update you step by step about the new terms soon.
We also like to explain why the payments are not as fast as expected. Since GMA is a new merchant customer of MyMercuryCard and has a significant volume of transactions, you can imagine that MyMercuryCard and their respective bank need to inspect and verify every single transaction manually, since this is their obligation to be compliant with the law as regulated license holders. That ́s the cause why they gave GMA a payout limit of 500.000 USD per day.
In the financial business, it’s normal that companies who do transactions with such a high volume get reviewed by officials on a regular basis, and this action takes some time. Of course, we now could release the limit, but that would cause that fewer people would receive their money. Because of that reason we decided that we would like to pay as many amounts as possible. But this, unfortunately, is only possible with the limits for now until the bank behind MyMercuryCard will give a green light. We know that this situation is no long-term situation, but the good news is the fact, that we can now catch up with the wire transfers that are still open.
We cannot make any promise how fast we can proceed here, but we try our best to catch up as soon as possible.
In general, we kindly ask you for your patience. GMA is working hard on solutions for challenges nobody expected before. The biggest challenge now is the massive growth and expansion. Imagine that every decision we make will affect more than 350.000 members in more than 100 countries all over the world. Many countries have different laws, and very
often a simple solution ends up in a nightmare for our legal team. So it’s a permanent work on details to move on in small steps – but we are making excellent progress.
GetMyAds is now under the top 300 websites worldwide, which is an incredible result of your hard work and loyalty. We deliver more traffic, banner views and clicks than any other network worldwide. Because of our hard-working teams in every GMA-department, we still can expand and grow faster than any other company in the industry. Our business model is built on affiliate marketing and the promotion of 3rd party products. GetMyAds is active in many niches, and we run extraordinarily successful campaigns.
We had to take some big hits in some significant markets where we, as Affiliates, promote offers and websites in the financial market. Some laws changed and restricted advertising our kind of content. For that reason, we lost one of our businesses that we have to replace now. In case there will be small changes in the PayBack Program in the next few days, it will only be temporary until we replace the businesses we lost. In the best case, we will manage it fast, and there will be no need to change the PayBack Program temporary. Our Media Team is working nonstop to catch up here too.
We wish you a successful week, and we will keep you updated!