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malks007
I have been in DxInone since August 2005. I have not got my merchant console yet, but keep hearing about p4's. If anyone could enlighten me about them.

Thanks
Dynamic-Xchange
Hi,

How does it work?

The P4 system was designed to help both DXMerchants (like myself) and potential investors (like yourself) make a significant income by benefiting from DXInOne's great currency exchange program that is already in place.

Basically the way that it works is the investor sends the DXMerchant the funds in an online currency (such as Netpay, IntGold, E-Gold, etc.) and then receives a larger amount into his DXGold account.

Why give you 7% on your investment?

DXMerchants such as myself need online currency in order to complete online currency trades. These trades can potentially make us much more than 7% of our investment. Because timing is crucial, by allowing others to invest and make the 7% right away it speeds up our profits and helps the entire system to make more money.

How Secure is this?

The P4 system uses DXInOne's secure payment method in order to achieve top security for both the sender of the funds and the receiver of the funds. DXInOne's DXDirect payments work as follows:

1. I create a claim for whatever amount you have requested.
2. You receive an email with details on this claim.
3. You are able to log into your DXInOne account and accept this claim. You do not actually have access to the funds at this point, but as soon as you accept it I can no longer cancel it.
4. You send me the online currency to my account.
5. I then release the DXDirect payment and you have full access to the DXGold funds.

An example would be the following:

1. You have $1000 in your E-Gold account. I will send you a $1070 DXDirect claim to your DXInOne account.
2. You accept the $1070 DXDirect claim. At this point I cannot cancel the payment, but you will not have access to the funds until I release them.
3. You then send the $1000 to my E-Gold account.
4. Upon receipt I then release the claim and you are credited the $1070.
ozzie
QUOTE(Dynamic-Xchange @ Nov 1 2005, 07:17 AM)
Hi,

How does it work?

The P4 system was designed to help both DXMerchants (like myself) and potential investors (like yourself) make a significant income by benefiting from DXInOne's great currency exchange program that is already in place.

Basically the way that it works is the investor sends the DXMerchant the funds in an online currency (such as Netpay, IntGold, E-Gold, etc.) and then receives a larger amount into his DXGold account.

Why give you 7% on your investment?

DXMerchants such as myself need online currency in order to complete online currency trades. These trades can potentially make us much more than 7% of our investment. Because timing is crucial, by allowing others to invest and make the 7% right away it speeds up our profits and helps the entire system to make more money.

How Secure is this?

The P4 system uses DXInOne's secure payment method in order to achieve top security for both the sender of the funds and the receiver of the funds. DXInOne's DXDirect payments work as follows:

  1. I create a claim for whatever amount you have requested.
  2. You receive an email with details on this claim.
  3. You are able to log into your DXInOne account and accept this claim. You do not actually have access to the funds at this point, but as soon as you accept it I can no longer cancel it.
  4. You send me the online currency to my account.
  5. I then release the DXDirect payment and you have full access to the DXGold funds.

An example would be the following:

  1. You have $1000 in your E-Gold account. I will send you a $1070 DXDirect claim to your DXInOne account.
  2. You accept the $1070 DXDirect claim. At this point I cannot cancel the payment, but you will not have access to the funds until I release them.
  3. You then send the $1000 to my E-Gold account.
  4. Upon receipt I then release the claim and you are credited the $1070.
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Thank you for your explanation.

This what I would also like to know.

Cheers
Dynamic-Xchange
Glad I could help.
bizopsg
By Online trades do you mean Within the DXOne system?

I look at LondonGoldexchange and see fees that are much lower for exchanging than 7%.


How does a Console or DXGold merchant make money?

Can you enlighten me?

thanks

Joel
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