When an account is on standby they are not taking any new BizX business and will not be listed anywhere on the BizX marketplace. None of the spending privileges are limited when on standby. There are three main reasons accounts go on standby.
- Large balance, they may stop accepting new BizX business to focus on spending down some of their existing balance.
- A member may not have the capacity for new BizX business at the time because of peak time or seasonality.
There is enough repeat BizX business to satisfy a members current spending needs. They no longer need to market to the community.
Under these circumstances and with pre-approval from BizX, an account can be put on standby. A member must provide 30 days written notice of their desire to go on standby and they must also have a positive balance.