Few months ago when I came across Project Payday I was very excited. You will get $1.50 (sometimes even $3.00 if you're good) for every single free signup from leads. In their policy, they did NOT state about conversion rates or whatsoever. So I went to do word-of-mouth advertising for them, in a whitehat way. I manage to get 10 signups on the first day of my advertising methods, then 20 on the next day. Everyday my leads begin to grow. When I reach around $90 or so, the affiliate manager e-mailed me that I should find more "targeted leads" who actually "converts" for them. I replied saying that i will bear that in mind and tried to target clients who can actually convert on their side later. Then few days later, my payout reached $106+... the affiliate manager e-mailed me and said I was BANNED for not bringing converting leads to them. I'm like, "wtf?" I mean their policy did not state at all. But the affiliate manager did tell me that she will send out any payments that they owed me for the leads - which was about $106+. I was denied access to my referral/leads payout page immediately when I'm banned. I waited for at least 4 weeks but I have not received any cheque, so I e-mailed to ask them. The affiliate manager said she has sent out the cheque to me on 26 August 2009. She later ask if I entered my personal particulars and address correctly. I said I did. But she never replied since. I mean, common'... Clickbank cheques took roughly 2-3 weeks to get to me. It's 14th October as of today which is nearly 8-weeks now! I sent out a message few days ago but did not receive any reply. So beware, stay away from that shitty referral program.