New Upgrade - Pawn Shop -

[Zab]

What is this?
In a nutshell, if you have extra poker funds on some sites, we will trade or Pawn (Loan) you those funds for PokerOwned points. Another way for you to get points!


What kind of rate are you giving?
The rate is similar (but slightly better) than if you were to purchase points. It will be 325 points per $1.00 on Trades and 300 points for Pawns (Loans).

Why are the rates so low?
2 Reasons.

#1 This is no different than if you bought points. We are introducing (potentially) a TON of new Points into the system that were not 'earned' by the offerwalls, so we had to offset it a bit

#2 There is a thriving secondary market where users trade with each other, we absolutely didn't want to effect that.

Not bad so far, what is the intent of this upgrade?
Users sometimes have funds at sites they don't intend to play at. Imagine if you spent 90 points at a Lock free roll, you win $8.00. You could then trade those back to use for 2600 points. Now users have interest in playing at all sites.

How long do I have to wait once I send you the funds?
There are 2 options here, and it is all based on your "trust level"

Option 1 - Your trust level is 0, that is, you must wait until I manually verify that you actually sent me the funds. Once I verify it, the points will release into your account.

Option 2 - Your trust level is between 1 and 25. This means, I trust you. I give you the points UP FRONT INSTANTLY before I actually verify that you sent the points.

Explain the Trust Levels a bit to me.
Depending on how long you have been on the site, how much I personally trust you, I will set your levels between 0-25. That is, you can send up to $25 and instantly get 25 x 325 or 8125 points right away.

How do I apply for higher trust levels?
Once a month you can click "Request Trust Level". From there, I will edit it or leave it the same. It's all personal feel and how much I am comfortable floating you.

If you are new, don't even bother apply. You won't get it (In fact I'll probably put something in that you have to be at least 1-2 months old before you can even apply)

What happens if I send you a 'trust' payment and I actually didn't send it!
Your trust level will be lowered to 0 and you will get deducted all the points I sent you. Period.

How much can I send at once?
You can send 1 transfer up to $25. Only 1, once that's complete you can do another.

Will you have more rooms? What about BitCoins? What about Amazon Gift Cards?
Yes, more rooms, possible BitCoins and other Gift Cards!


PAWNING (TRADING)

What is the difference between a trade and a pawn (loan)?
A trade is just that, we trade you points for your poker funds. A pawn is, we hold your poker funds for up to 30 days. You can buy them back with your principle + 10% interest.

What happens if I don't pay within 30 days?
We keep your funds

[Poof]

looks good Zab, this will help alot of people.

[Zab]

Thought there would be a bunch more comments on this!

[kiddaa]

then are you open to trading money for amazon or jus points? I think this is awesome.

[JKoFF]

This sounds really good i like this should get alot more i'm sure to like this

[rghy2]

Just in time for me to want to use this!!

[Infector101]

Not sure if I will take advantage of this, but I really like the concept.

[AcesUp1439]

This is going to be a awesome upgrade. Will help a lot of people out when trusted people are not around. Cant wait for it to go live.

[LCDaBoss]

We like it zab, just waiting on it to go live.

[Deucelamron]

I am probably still to new a member to take advantage of this which is okay cause it just gives me further incentives to keep at it and to stay active in the forum. To be honest I dont really like merge no real reason why but I love how many freerolls are offered there each day and I have been kinda on the fence if I want to do the freerolls or not so that I could take advantage of of some of the promos offered and I think this will be enough to push me over.