Frequently Asked Questions
Alpha ePay
Alpha ePay is the payment processing platform of the Alpha ePay Customer Loyalty Reward and Interest Free Finance Program ("Alpha Program").
Alpha dollars is a general term used to define Alpha silver, Alpha gold and Alpha reward dollars.
Alpha dollars are a complementary, alternative, transaction based currency that act as money in their role as a unit of account.
One Alpha dollar is comparable in value to one Aust. dollar ("AUD") dollar and like AUD's the purchasing power of Alpha dollars is subject to the twin factors of supply and demand.
Alpha ePay dollars are the dollars stored in Alpha ePay Silver Accounts
Alpha ePay gold dollars are the dollars stored in Alpha ePay Gold Accounts
An Alpha silver dollar credit line is a set line of credit where the balance may go up and down over a period of time.
An Alpha gold dollar loan is a loan that is normally extended for a period of time longer that twelve months with fixed monthly Alpha gold dollar repayments.
Those who join the Alpha eMarket and Alpha ePay receive a As$100.00 Alpha silver dollars paid into their Alpha ePay Personal Silver Account after they finish the Alpha ePay registration and validation process.
Members receive Purchase Rewards of up to 100% paid back in Alpha silver dollars for purchases made with:
AUD-Based payment methods such as AMEX, Mastercard, Visa and Afterpay etc., and or,
Crypto-Based methods such as Bitcoin, Bitcoin Cash and Ethereum.
eg. Spend $100.00, seller offers to pay 30% of the purchase price back as a reward. (That's As$30.00 Alpha silver dollars for FREE).
Members receive Referral Rewards paid into their Alpha ePay Personal or Commercial Silver Accounts for each of their Personal referrals and or their their Referrals referrals who join the Alpha eMarket and Alpha ePay using the members Alpha Shopping Vouchers or their Referral Code or Referral Link:
▪ Personal referrals: As$30.00 Alpha silver dollars
▪ Referrals referrals: As$20.00 Alpha silver dollars
Applicants may open one Personal and one Commercial Account for free.
There are three types of Alpha ePay Personal Accounts.
Alpha ePay AUD Account (Symbol AUD)
Members can load their Alpha ePay AUD Account with funds from their "AUD-Based" debit/credit cards.
They can in turn use these funds to pay transaction fees.
They may also transfer funds in their Alpha ePay AUD Account to their Bank Account.
Alpha ePay Gold Account (Symbol GAUD)
Members can transfer Alpha gold dollars from their Alpha ePay Gold Account to the Alpha ePay Gold and or Silver Account of others.
Alpha ePay Silver Account (Symbol SAUD)
Members can transfer Alpha silver dollars from their Alpha ePay Silver Account to the Alpha ePay Silver Account of others.
There are four types of Alpha ePay Commercial Accounts.
Alpha ePay AUD Account (Symbol AUD)
Members can load their Alpha ePay AUD Account with funds from their "AUD-Based" debit/credit cards.
They can in turn use these funds to pay transaction fees.
They may also transfer funds in their Alpha ePay AUD Account to their Bank Account.
Alpha ePay Gold Account (Symbol GAUD)
Members can transfer Alpha gold dollars from their Alpha ePay Gold Account to the Alpha ePay Gold and/or Silver Account of others.
Alpha ePay Silver Account (Symbol SAUD)
Members can transfer Alpha silver dollars from their Alpha ePay Silver Account to the Alpha ePay Silver Account of others.
They may also use Alpha silver dollars to purchase Alpha reward dollars.
Alpha ePay Reward Account (Symbol RAUD)
Members can transfer Alpha reward dollars from their Alpha ePay Reward Account to the Alpha ePay Silver Account of others as a reward for numerous endeavors.
Alpha dollar Interest Free Borrowings must be partially collateralized in AUD or acceptable assets and the balance collateralised by a personal guarentee from the applicant.
You may repay interest free Alpha silver dollar credit lines with Alpha Rewards, or from selling unwanted items or providing services to other members through listings in the Alpha eMarket accepting Alpha silver dollars towards payment.
You may repay interest free Alpha gold dollar loans with Alpha gold dollars received from selling unwanted items or providing services to other members through listings in the Alpha eMarket accepting Alpha gold dollars as full payment.
Complementary currency is a record of exchange that functions alongside the national fiat currency of a country. Complementary currency systems have four main purposes.
• To promote localized community economic development
• To build social capital
• To nurture more sustainable lifestyles for community residents
• To fulfill a need that the fiat currency ("Cash") does not fully fulfill.
Alpha dollars are a complementary alternative currency.
Fiat currency is defined as the currency of a country that the government has legislated as the country’s legal tender
The following Taxable Consequences information is provided for those who are domiciled in Australia. For other countries refer your questions to a qualified account domiciled in same.
In the majority of instances, the Tax Regulations normally applicable to the nature of Aust. dollar("AUD") transactions are similarly applied to transactions where Alpha dollars are received or paid, in the same manner.
i.e. Business Related Expenses Majority Tax Deductible
Personal Income and Purchases Tax Regulations Applicable
If you are domiciled in Australia please refer to Australian
Taxation Ruling NO. IT 2668.
REF: Barter and Counter trade Transactions.
Following is an extract from Australian Taxation Ruling NO. IT 2668.
"11. By way of contrast, consideration which is merely the proceeds of a hobby, pastime, domestic or social arrangement, or the receipt of a windfall gain would not fall within the concept of income in subsection 25(1).
For example, neighbors who exchange some home-grown vegetables over the back fence will not have derived income in terms of subsection 25(1).
Also, benefits derived from the use of informal babysitting clubs would
not fall for assessment under subsection 25(1).
It is noted that a large proportion of transactions made through community-based countertrade organisations would not fall within the concept of income in subsection 25(1).
Only those transactions within these organisations which arise from the carrying on of a business or the provision of skilled services would
generally fall for consideration as assessable income."
You may spend Alpha dollars with those promoting to accept them towards payment as listed in the Alpha eMarket.
Debt free money systems are used by community based local employment trading systems such as (Lets) and business based alternative market systems such as Alpha ePay, BBX, and Bartercard, as they allow approved participants to borrow currency interest free through a mutual credit system. Alpha dollars are debt free money.
Debt based money systems are used by commercial banks that allow customers to borrow fiat money with interest.
Credit is the most important part of the economy. Credit leads to an increase in spending, thus increasing income levels in the economy.
This in turn leads to higher GDP (gross domestic product) and thereby faster productivity growth
• Alpha dollars are an asset of those who have positive account balances.
• Alpha dollars are a liability of those who have negative account balances.
Alpha dollars acts as money in their role as a unit of account to record:
• value offered to induce the fiat payment of commodities promoted for sale
• value accepted to induce the purchase of commodities promoted for sale
• value offered to induce timely payment of account receivables
• value accepted to offset AUD debts
The use of Alpha dollars as other forms of complementary currency are legal and are recognised in most countries by:
• banks as payment towards the purchase of property; and,
• government departments such as the tax office
Alpha dollars are created when Alpha Management regulates the extension of Alpha dollar Interest Free Credit.