FAQ2020-09-22T08:02:44-05:00

Frequently Asked Questions

Unyti Questions

What is Unyti Exchange?2020-01-12T12:45:45-06:00

Unyti Exchange is an open-source, closed-loop system that functions as a community-driven, value-based social and economic platform. In short, it helps to bring merchants, consumers, communities and non-profit organizations together again.

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How does Unyti Exchange work?2020-01-12T12:23:04-06:00

Unyti Exchange works by allowing vendors to pay one another with their own virtual IOU. This IOU can then be used like cash, sold, or given as a gift to others.

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Why should I use Unyti versus just paying or receiving cash?2020-01-12T12:24:11-06:00

Good question. We have yet to meet anyone that didn’t want keep their cash. You may be the first.

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What if my IOU doesn’t sell?2020-01-12T12:28:41-06:00

If the IOU doesn’t sell then upon request from the Vendor you simply buy back the IOU.

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This sounds too good to be true?2020-01-12T12:29:55-06:00

This may sound harsh but more people are familiar with Taylor Swift than how currency is created. The reason Unyti sounds too good to be true is because of ignorance. Nothing more, nothing less.

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Can I get anything I want with Unyti?2020-01-12T12:36:29-06:00

Probably not. It is not a license or a blank check to get anything and everything you want.

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What safeguards are in place against theft or hacking?2020-01-12T12:55:18-06:00

Well, would you return the to scene of the crime? Probably not! IOUs must be redeemed with the issuer, and we can assure you that there IS a paper trail.

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Are there any fees for business owners?2020-01-12T12:57:29-06:00

You pay a fee in IOUs for each of the programs or the services offered by the Exchange that you want to use.

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Why is the Unyti concept “A Better Way”2020-01-12T15:35:15-06:00

Well, we have tried trying to do it on our own and that isn’t working. Unity is the only thing we haven’t tried.

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Trade Exchange Questions

I have a trade exchange can Unyti work for me?2020-09-22T06:52:42-05:00

Yes it can. The question is: will it? Sure, it will. As long as you use Unyti in a selfless manner it will help you do some pretty amazing things within your organization. Not to mention your members.

Can a trade exchange use the Unyti API and payment gateways?2020-09-22T06:50:53-05:00

Yep, they sure can. They can also get direct connection to Communyti. They just have to simply ask for it.

Can any barter or trade exchange use Unyti or the Communyti?2020-09-22T06:49:42-05:00

Yep, they sure can. Matter of fact, those exchanges that use either Unyti or Communyti will help themselves to a wealth of benefits that this powerful combination can bring to their organization. However, until exchanges get over themselves and stop thinking the world revolves around them, then they will simply continue to charge merchants high fees for doing what they can do for free.

Community Questions

Can government agencies or taxing authorities become members of Communyti?2020-09-22T06:46:23-05:00

Yes. Some restrictions apply though. So, if you are reading this, and you are a government agency or taxing authority, you will have to contact Communyti directly to complete your enrollment.

Can utility companies, other other public service providers become members of the Communyti?2020-09-22T06:44:16-05:00

Of, course. They are a business like any other business. Oh, you thought they were government agencies? Nope, they are businesses just like any other. Imagine that.

Affiliate Questions

Do you have an Affiliate Program?2020-09-22T06:26:09-05:00

At this time, we do not have an Affiliate Program. However, our Communyti does. Please check it out by clicking the Communyti link at the top of the page.

Unyti Exchange Program Questions

When I sell value how am I paid?2020-09-22T07:15:53-05:00

You are paid in your local currency. If you don’t know what that is don’t worry…Unyti uses dynamic currency conversion and since you are required to have your own payment processing method such as Stripe, PayPal or other payment processing choice you will get paid according to their currency rules.

Do I have to live in the United States?2020-09-22T06:59:44-05:00

No. However, the verdict is out on whether or not you can use Unyti in an OFAC country. In our opinion it is your value and that means your currency. With that said, is it subject to their rules: no. However, for the sake of argument and to be non-confrontational,  please read more about the Office of Foreign Assets Control (OFAC) sanctions here: OFAC

Can I convert my value into my national currency such as Dollars, Euros, Rand or Pesos?2020-09-22T06:55:01-05:00

Dang skimpy. Simply come to the Communyti and put it up for sale. When someone buys it, you get the money and Unyti charges you a cashless fee in value that we then sell just like you.

Consumer Questions

How does a consumer purchase value?2020-09-22T06:42:30-05:00

They simply come to communyti.com and purchase it. Matter of fact, just click the Communyti link at the top of the page and then select the Savings category. It’s too easy, actually.

How does value get redeemed?2020-09-22T06:40:37-05:00

Either face-to-face, over the web or by mobile app (coming soon).

Non-Profit Organization Questions

Can Non-Profit Organizations become Communyti members?2020-09-22T06:39:50-05:00

Yes. They are required. Just think of it…a community without a non-profit: not very community-like, huh? Besides, how else are they going to exchange donations for cash?

 

How can a Non-Profit Organization benefit from Unyti?2020-09-22T06:37:26-05:00

Unyti allows non-profits to accept cashless, risk-free donations that can be used to raise funds for their causes. These donations can then be exchanged for cash thereby guaranteeing a benefit for everyone.

Are all recognized Non-Profit Organizations eligible to accept Unyti?2020-09-22T06:33:23-05:00

No. While we do value all non-profit organizations we only accept Non-Profits that provide a “community” benefit. Most will generally be accepted, however any group that does not promote UNITY among the masses are not allowed. An example of this would be any group, while federally-recognized as 501(c) that has a history of stirring strife and division.

Can Unyti help non-profits get more donations?2020-09-22T06:30:46-05:00

That depends on the non-profit. Non-profits that accept Unyti for donations do stand a chance of getting more cashless, risk-free donations, however, they still have to do the work to raise the funds.