The ATM-Cash-Back*, from which you benefit by receiving the VERWAY Academy training package as a bonus, takes place once a month. Settlement usually takes place between the 15th and 21st of a month.
If there is a weekend in between, the settlement is postponed accordingly to the working days thereafter.
Dividends are generally paid overnight.
Why does billing take several days?
Billing via ATMs is a logistically far-reaching process. Here several processes flow together, which can vary from time to time.
Here are five out of many points:
The activities of ATM users are always completely different. (stock exchange prices, world politics, holidays, actions, world reports on coins, etc.)
Thus the effort of the calculations also varies according to the current situation.
The totals of all ATMs must be determined manually. The machines are driven in a radius of about 1000-1500 km. If the number of vending machines increases, the logistical effort will also increase.
The amounts may have to be exchanged. Banking transactions are part of the time cycle of the calculations.
Usually buying sale is in balance. This means that if there are price fluctuations, it shifts to one side. Accordingly, it must be swapped and distributed to wallets and converted.
Like when the coin rises: Then usually more EURO is paid in and exchanged into Coin. This means that the cash is added and calculated accordingly. Then it is converted accordingly and paid out again in Coins or noted as credit in EURO.
The totals of all ATMs must be bundled in the "pool" and then converted proportionally for each one. This is done by the expert ATM team.
The consideration of all relevant logistical, computational and legal steps ensures that all processes run cleanly and correctly. This ensures that payments are always made reliably and punctually from the outset.
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*Our company operates crypto ATMs in various countries within the framework of a cooperation relationship and has set itself the goal of making the topic of cryptocurrency and its economical use known. This also happens by offering our Ambassadors the ATM Cashback Bonus Program as an incentive.