P2P on Binance: Appeal Process (Actual Experience)

It has almost been 5 months since I started trading with Binance. I don't usually use P2P, I use coins.ph instead to cash in. I recently decided to cash out. Since in coins.ph there will be conversion fee, I decided to cash out thru P2P by posting a Sell Order. Since I've decided to do P2P, I've read details on the how to do it and the things I should avoid and be careful about.

Someone bought me around Php3,000.00 worth of USDT (59.12 USDT). The buyer marked the order paid or he clicked "Transferred, Next" so it will appear to me the release crypto button.

He choose Paymaya but I did not receive confirmation from my Paymaya account. To double check, I opened my account to check the transaction. Unluckily, I did not receive any payment and the buyer, I keep on chatting he is not replying.

So, I make an appeal to not release the crypto automatically, since as per Binance policy, they will release the crypto in 2 working days.

"If the buyer paid, but the seller did not receive the payment, Binance customer service agents will contact the seller to release the crypto within 2 working days. If the crypto hasn't been released within the prescribed time, Binance customer service agents will forcibly release the crypto. If the crypto cannot be released normally, the seller needs to contact customer service to communicate, if she/he hasn't contacted, it will be considered as payment was received."

Source: P2P Handling Rules, Binance Appeal Process

My SeedIn Review

During ECQ caused by COVID19, we are all stuck at home to keep safe from the spread of the virus. For more than 6 months of almost no regular work, I am stumbled back to the thought of "earning from home" and "let my money work for me" thoughts.

So, apart from learning how to invest in stocks, crypto, and the likes, I wanted to invest into something with less risk of losing money, something other than stocks! Other than Mutual funds and UITF's, I have came across this crowdfunding app called SeedIn.

What is SeedIn?

SeedIn is Southeast Asia's leading business financing platform where local businesses seeking short term-term financing connect with business entities seeking short term investments. (source: SeedIn FAQ). 

To simplify, SeedIn is an app where local businesses (SME, etc.) who seeks additional capital for their business can borrow money from SeedIn investors, other than the banks or other financial institutions who offers the same. The difference is that, SeedIn takes their fund from investing public.

To illustrate:

The interest gained from the borrowed amount is credited to the investor's account on a monthly basis, either balloon payment or equal repayment. SeedIn though have taxes, and risk management fee of 10% of the interest gained.

My Account

I have opened an account with SeedIn last Feb. 29, 2021 and deposited a small amount yet to see if it's actually earning.

How to Pay your Philam Life Insurance Thru Credit Card

Since COVID19 and with restrictions in going in and out elsewhere. I have been planning to pay my Philam Life Insurance thru credit card as it is more convenient to me than going to the banks. Luckily, Philam updated their website allowing us to pay our insurance thru it.

Without much ado, here's how.

1. First you need to have an account with philam. You may sign in here or sign up if you don't have an account yet. Here's their official customer portal:

Part 5 - Decision Making Models

      All people need to make decisions from time to time. Given limited time in formulating policies and addressing public problems, public administrators must enjoy a certain degree of discretion in planning, revising and implementing public policies. In other words, they must engage in decision-making (Gianakis, 2004). Over the years, many scholars tried to devise decision-making models to account for the policy making process with the following considerations:

1. Rationality

      Since the development of public administration, scholars have assumed that people make decisions rationally. By rationality, Herbert A. Simon (1976) means “a style of behavior that is appropriate to the achievement of given goals, within the limits imposed by given conditions and constraints.” Rationality requires that the person making the decision should be aware of the alternative courses of action that can be used to achieve the objectives.

2. Facts

      According to Gortner (2001), facts are the information and knowledge that the public administrators possess in formulating policies. Facts are important in deciding the appropriate means to take to achieve higher ends. They may not be readily known by administrators but need to be acquired through extensive research and analysis. Rationality is defined in terms of appropriateness for the accomplishment of specific goals.

Part 4 - Steps Involved in Decision Making Process

II. 4. STEPS INVOLVED IN DECISION MAKING PROCESS

Decision making involves a number of steps which need to be taken in a logical manner. This is treated as a rational or scientific 'decision-making process' which is lengthy and time consuming. Such lengthy process needs to be followed in order to take rational/scientific/result oriented decisions. Decision making process prescribes some rules and guidelines as to how a decision should be taken / made. This involves many steps logically arranged.

In 2008, Kristina Guo published the DECIDE model of decision-making, which has six parts:

1.    Define the problem.

2.    Establish or enumerate all the criteria (constraints).

3.    Consider or collect all the alternatives.