Profile: Brian Mcdermott
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243 weeks ago.
- [Reply to: Money #1: Introduction - Money as Information]
Member Since: 24th July 2012
Membership Type: Free
Location: Poole BH15
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Ad Hoc Fava Transfers
What are Ad Hoc Fava Transfers?
You may transfer Favas between your Favabank account to or from someone else's, perhaps for an exchange that has taken place outside the main Favabank offered / wanted section or perhaps just to say 'thank you' to someone who has helped you in some way.
What is the Process for Transferring Favas?
After you have offered or requested a transfer payment, the other party must give their acceptance and agreement before transfer shows in your account. Further details of the process are at 'Transfers'
Making Fava Payments for Normal Ads
The Fava Transfers section is for occasional ad hoc transfers only. If you are responding to an Ad just make your offer in the section underneath the main Ad and if accepted by the other party the Favas will be automatically transferred if the other party accepts your offer and the transaction is confirmed as 'completed' by the recipient of the goods or services.
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