$Gloebits$
How it works for currency inside The Great Canadian Grid
How it works for currency inside The Great Canadian Grid
Using and having Gloebit currency takes a bit longer to setup initially but only has to be done once,
and you'll be happy you did as you will always have it with you no matter what grid you're on or where you go.
and you'll be happy you did as you will always have it with you no matter what grid you're on or where you go.
BUYING WITH GLOEBITS
Buying Gloebits or currency in world with GCG or on any grid is the easy part.
You just click your Balance in world...NOT BUY lol..if you click on Buy G$ you sometimes crash depending on the viewer.
Click the balance you have which is typically 0G$ when you start.
You will then be directed to a page with Gloebits to set up an account.
Then after following the instructions you will be able to purchase funds by way of paypal or other credit.
Then you can link your avatar in GCG with those funds, or any grid you are on at that time.
This way no matter where you are in the metaverse you will always have your money.
You just click your Balance in world...NOT BUY lol..if you click on Buy G$ you sometimes crash depending on the viewer.
Click the balance you have which is typically 0G$ when you start.
You will then be directed to a page with Gloebits to set up an account.
Then after following the instructions you will be able to purchase funds by way of paypal or other credit.
Then you can link your avatar in GCG with those funds, or any grid you are on at that time.
This way no matter where you are in the metaverse you will always have your money.
CASHING OUT WITH GLOEBITS
This part takes a little longer but only has to be done once.
Any user can create a Gloebit account and purchase Gloebits. Since GCG has Gloebits currency throughout the Grid,
our users can link their avatars to their Gloebit accounts and buy items with their currency/monies in their Gloebit accounts.
If a merchant wants to get money back out, they need to setup permissions to sell Gloebits with Gloebit.
Only users with that permission can place a sell order to sell (or in other words cash out of) Gloebits to get their money.
Once their sell order is approved, the user can then cash out their money from there through PayPals account page.
It usually shows up in your account within minutes of making the cash out request.
There is a 2% processing fee on cash outs to cover their costs, servers, time, etc.
You can find additional information regarding placing a cash out/sale order HERE.
To be clear on how this works (as Gloebits has gotten questions form other approved sellers),
when you place gloebits for sale, they are not sold instantly.
You are placing a sell order which is executed when a buyer is matched with your order,
just like accounting...they have to see 100 go in from the buyer before they allow 100 to go out to the seller.
This may happen in pieces. How long this takes depends on selling supply and buying demand,
but anecdotally, so far most sales have executed within a day or two with Gloebits.
I believe this is mostly because they are still a new company still.
But in time, should prove to be a way better way of handling your own money at hand.
As your order executes, your money will be added to your Gloebit balance. Once you have a balance,
you can request Gloebit to pay your money out to PayPal.
This payment of funds should show up in your PayPal account within seconds.
Any user can create a Gloebit account and purchase Gloebits. Since GCG has Gloebits currency throughout the Grid,
our users can link their avatars to their Gloebit accounts and buy items with their currency/monies in their Gloebit accounts.
If a merchant wants to get money back out, they need to setup permissions to sell Gloebits with Gloebit.
Only users with that permission can place a sell order to sell (or in other words cash out of) Gloebits to get their money.
Once their sell order is approved, the user can then cash out their money from there through PayPals account page.
It usually shows up in your account within minutes of making the cash out request.
There is a 2% processing fee on cash outs to cover their costs, servers, time, etc.
You can find additional information regarding placing a cash out/sale order HERE.
To be clear on how this works (as Gloebits has gotten questions form other approved sellers),
when you place gloebits for sale, they are not sold instantly.
You are placing a sell order which is executed when a buyer is matched with your order,
just like accounting...they have to see 100 go in from the buyer before they allow 100 to go out to the seller.
This may happen in pieces. How long this takes depends on selling supply and buying demand,
but anecdotally, so far most sales have executed within a day or two with Gloebits.
I believe this is mostly because they are still a new company still.
But in time, should prove to be a way better way of handling your own money at hand.
As your order executes, your money will be added to your Gloebit balance. Once you have a balance,
you can request Gloebit to pay your money out to PayPal.
This payment of funds should show up in your PayPal account within seconds.