Why? Weird minimum redemption amount

MakerWorld
1

I do not understand why for exclusive points you have a minimum redemption amount of 100 USD.

2

I think it’s fair. There is an overhead cost to them to process all of those requests. Plus small amounts would result in a higher percentage of the request going to the processing fee by the 3rd party provider. Also, there is already a $40 minimum for gift cards so this really isn’t all that different other than the amount.

7 Likes
3

because some people tried to gain the system by doing multiple accounts and fake uploads or stealing models, so the system verify your status before you can redeem imo

2 Likes
4

I, on the other hand, think the maximum is weird… Wouldn’t it save time for their reviewers if they have a bigger cap?

5

the maximum is to prevent the extra paper work, in some countries there is a limit till you have to submit legal paperwork, proof of funds, security checks…etc
at that point makerworld will have extra work to do.

plus imagine someone withdrawing a 10k or 50k at once…lol makerworld is not a bank to have that amount ready to transfer, i see that 1k is reasonable and so generous from them to give per transaction.

1 Like
6

Well they have the 5k monthly maximum and presumably you can do 5x 1k transactions within a few minutes… but yeah maybe exceeding 1k triggers some extra paperwork somewhere in the world

1 Like
7

For me sometimes I just want to redeem a little money for a pop(ex. buying a roll of filament or some accessories), and I don’t like waiting for the $100 thing. I earn points really slow and it takes months for me to get the $100. If the limit was smaller I could cash for example $8 in quickly.

8

After having issues receiving my first payment I’m happy I didn’t go all-in and went for the minimum amount. I did receive it in the end but if there was a lot more money on the line I would have felt differently about it. So I think it is also a risk aversion type of thing?

I understand how Bambu doesn’t want to pay out in small increments but having a small payout possible once a year or something might help starting/smaller creators be rewarded as well.