STP Withdrawls
Posted Nov 17th, 2009
Attention GNI Customers Utilizing Solid Trust Pay E-Currency Services:
We have made it our priority to keep our trusted members current with our operations issues so that "mis-information," intentionally made or not, can be addressed in a way that our members can be assured we are ALWAYS truthful and will do what it is we say we will do.
Since the latter part of last week (w/e November 14), we have incurred a rather significant disparity in our distribution of and holdings of our e-currency. The logical assumption is the introduction of our e-currency exchanger. While this has introduced some unrelated challenges, it has not had any significant impact in our currency allocation(s).
We have, at the current moment, a disparity in our level of SolidTrustPay e-currency vs. StrictPay and to a lesser extent, LibertyReserve.
Specifically, we have more Strictpay and less SolidTrustPay.
Our exhaustive attempts to exchange SP for STP have shown there are significantly less exchangers availing STP. Those exchangers that had STP, did not so in the levels that we require. Despite our best efforts, we have not been successful finding or locating an amount of STP that will meet our current needs.
Therefore, what we have done and will be doing, is allowing those of you who currently use STP as their PP, the ability to exchange your STP to the currency of your choice at no cost.(0%). There will be some intangible expenses, such as an inconvenience and the time it will take for those of you who to properly add a new account to your profile. (For those who need assistance, please send a support ticket)
For Those of you who insist upon using STP as your withdrawal processor, this is certainly your choice, but we can't even estimate the turnaround time for your withdrawal. Timely withdrawals is something we hold near and dear.
We have already made the change (reduced the exchange rate to 0 for those who have STP and wish to go with another e-currency). Upon the completion of this update, I will be deleting all STP pending withdrawals which will allow you to select a new withdrawal mechanism (or to stay with STP).
We are very sorry for the inconvenience.
Todd - GNI Customer Service
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