Share this product to upto 5 social groups for a chance of getting more loans and earning more interest.
Bidding Terms
The following details should inform you about the bidding procss here at Scriptbank and how it can affect you and the purchase of this product connected to it.
When you Bid on a Product, you are actually subscribing to that product. So the next agreement time becomes the next time you will subscribe to that product. For instance if you entered next month as your agreement time, you will be paying this exact same money when the agreement time elapse automatically.
The seller reserves the right to determine whether or not to sell the product for you when subscribing or bidding on a product. So you should bid in a way that supports the sellers discreetion to sell.
Whether the seller agrees to sell the product to you or not, it won't still stop you from earning profit from the Profit sharing system on this store
If the seller decides not to sell this product to you, you can divert you subscription to another product or withdraw your subscription funds.
If you decide to withdraw your funds from subscribing on this product, funds that will be withdrawn will be less the fees value paid for this product.
The fees value is used to handle the Profit Sharing, Investment and other important structure for the moving forward of this business
If the seller finally agrees to sell the product to you, your last subscription will continue till you finish paying for the product.
If while bidding, your total bid investment is 30% of the product value and the seller sells the product for you, your subscription to that product won't stop until you've finish paying the remaining 70%.
Depending on the product unit, if the product have been sold out to other bidders, you can simply continue your bid on other product in the store and get them sold to you.
Things to look out for when bidding on a product is:
Your bid price: You have the freedom to choose the price when bidding on a product. If your bid price is too low, then the chances you will be selected may be low. On th contrast you can choose a low bid price if your main aim is earning profit from this bid.
Your agreement time: If your bid price is low but have a short agreement time, like a day interval, some hours interval etc, sellers may still consider your bid based on the agreement time
Your activity on this store: If you're a frequent bidder on products on this store, your eaning capacity may rise considerably enough for a seller to feel comfortable selling a product to you.
Account Loan Value: If you have loans in your account, some seller may not feel comfortable selling to you in a bid, because they'll feel your earnings will be used to pay loans instead of it standing as a security for their products. However, when you're active in the store, you may earn well enough income to smoothen your loan servicing.
Always understand that the seller is always willing to sell product to you, so keep bidding and sharing this bid to other fellows. If you don't win the bid, don't stop, you'll end up being considered by the seller.
Profit Sharing Standard
The following details should inform you about the Profit Sharing Standard. How it is Programmed into the Scriptbill Script and How you can Make best use of it.
The Profit Sharing Process starts when A Product is being Purchased
The Purchase of this product registers the buyers transaction block into the Scriptbill decentralized Database System
The Profit from the transaction that will be shared is highlighted here as part of the fees.
The Buyer pays earlier Buyer his own profit
This action makes the current Buyer qualify for profit that will be shared from subsequent buyers.
A Buyer will keep earning profit from subsequent buyers until the time set by the Seller. The default time is 2 weeks but can be changed by the seller, but can't be less than 3 days.
The Buyer may also stop earning profit if he's above the sharing line. The default sharing line is 24 uplines, which means when a profit is to be shared, it will be divided into 24 parts and shared to 24 earlier buyers. Some sellers may split their sharing line to 100, 1000 uplines. If the uplines are not up to the sharing line, the remaining funds are shared back down to the earliest and shared back to the latest until the whole sharing line is exhausted.
To make best use of the Profit Sharing Standard as a buyer, you must be well subscribed to a store you know you'll always want products from them and be a good buyer, because the more you buy, the more you earn.
The Profit sharing standard does not respect acounts, but respect your commitment to buying. This means, if you had bought 5 times in a day from a store, this will help you make profit 5 times when earlier buyer starts the profit sharing process, because you'll be counted among the upline in the sharing line.
If the seller registers an higher sharing line, say 1000 uplines, this must be because the seller experiences lots of sale in a day or wants even late buyers to earn from the profit sharing as they buy. The higher the sharing line, the more wavy the profit sharing standard behaves, as it can come down to reward latest buyers.
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