Pathfinders
Member
- Joined
- Dec 5, 2018
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In that case I just need to withdraw 4 time , $500 each, and will be done for the month? The $1 seem meanless if the cashback is set to.$30 each month
My personal view:
The business objective of SOCASH is to help merchants recycle their cash. It does not make business sense to set a mthly withdrawal limit, cos they are not helping the merchants to recycle as much cash as possible.
So from August 1, SOCASH set a mthly cashback limit of $30.
This implies the mthly withdrawal limit will be removed since it is made redundant by the cashback limit.
What is not clear is whether the $30 cashback limit applies to the $1 cashback as well. Reading the tnc again, looks like it include. We will have to test it out or ask SOCASH. My view is it should not if SOCASH wants to help merchants recycle as much cash as possible.
If SOCASH removed the withdrawal limit today and set the mthly cashback limit to start August, what should u do?