Accounting & Cash Competitions Add-on
Accounting & Cash Competitions Add-on extends the base functionality of Crypto Trading Competitions and Stock Trading Competitions web applications and provides extra features. Please take into account that this add-on can not be used on its own without either Stock or Crypto Trading Competitions apps purchased and installed first.
An account is automatically created for each user to track movements of real funds. Current balance as well as account transactions history is displayed on the user Account page. A website administrator can set any account currency (to be used globally by all accounts).
Users can deposit real money to their accounts using PayPal, Stripe and CoinPayments.net payment gateways. The following payment methods are supported by Stripe integration:
- Debit / Credit card
An administrator can choose which payment methods are available to users.
Supported withdrawal methods:
- Wire transfer
Please note that payments will need to be executed manually by administrators. Once a payment is marked as Completed in the backend the user account balance is automatically decreased. An administrator can choose which withdrawal methods are available to users.
FeesAn administrator can create trading competitions, which require users to pay a predefined fee before joining such competition. Fees are deducted from user account balance, so users will need to deposit funds before fees can be paid.
Rewards (cash prizes)
An administrator can set up automatic allocation of collected fees between competition winners. It’s possible to set either percentage allocation (for example, 30% of total fees collected goes to the winner, 20% of total fees goes to the runner-up and 10% of total fees goes to the third-place finisher) or a flat reward (for example, 50 USD paid to the winner, 30 USD paid to the runner-up, 10 USD paid to the third-place finisher). Cash rewards can also be set in case a competition is free to join (fee is zero). Winners can then spend their cash rewards on other paid competitions or withdraw them.