Balance Transfer Settings

Contents

• Member to Member Transfer
• Internal Transfer

Balance Transfer Settings - Settings / Balance Transfer Settings

You can set the Balance Transfer Settings from here.

Member to Member Transfer

• • Enable Member to Member Balance Transfer : Members can transfer balance to another member only if you enable this feature from here.
  • Auto Approval : Choose whether the member to member balance transfers will be auto approved by default or should they be kept as pending first and occur only if/when you allow them from Finance -> Balance Transfer -> Member to Member Pending Requests page
  • Minimum Balance Transfer Limit ($) :* Member cannot transfer amount less than the amount you specify here. This must be More Than Admin Fees you specify below as fees is deducted from the specified amount.
  • Maximum Balance Transfer Limit ($) :* Member cannot transfer amount more than the amount you specify here.
  • Admin Fees :* Admin Fees will be charged for each transaction. It will be deducted from the transaction amount. You can specify the admin fees in Percentage (%) or Dollar ($).
  • Balance : Choose the Balance(s) that you wish to transfer. There are 4 options for this: Cash, Re-purchase, Earning and Commission.

Internal Transfer

• • Enable Internal Balance Transfer : Members can transfer balance internally only if you enable this feature from here.
  • Auto Approval : Choose whether the internal balance transfers will be auto approved by default or should they be kept as pending first and occur only if/when allow them from Finance -> Balance Transfer -> Internal Transfer Pending Requests page.
  • Admin Fees :* Admin Fees will be charged for each transaction. It will be deducted from the transaction amount. Admin Fees can be specified in Percentage (%) or Dollar ($).
  • Minimum Balance Transfer Limit ($) :* Member cannot transfer amount less than the amount you specify here. This must be more than admin fees you specify below as fees is deducted from the specified amount.
  • Maximum Balance Transfer Limit ($) :* Member cannot transfer amount more than the amount you specify here.
  • From Balance Type :* Choose the types of balances from which members can transfer balance to other balances types.
  • To Balance Type :* Choose the types of balances to which members can transfer balance from other balances types.