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RIP Peerfly. Shutting down on July 31st

Discussion in 'CPA' started by Ken Persson, Jul 29, 2019.

  1. Jennifers

    Jennifers Registered Member

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    Same here, still in the account.
     
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  2. ancientaliens

    ancientaliens Regular Member

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    Damn been with Peerfly since 2012. RIP..
     
  3. bigboss4221

    bigboss4221 Registered Member

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    I wonder how many users they have that are in the same boat o_O
     
  4. blackwalker

    blackwalker Jr. VIP Jr. VIP

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    Will I still get paid out my current balance?

    We’ve made over 50,000 individual payments to affiliates since PeerFly started and we’ll continue to do so until everyone who’s owed is paid. As long as you’ve met the required $50 threshold by Wednesday, July 31st, 2019, you will receive payment on the regular net30 schedule.

    Peerfly about to hit a lick off these less than $50 accounts lmao. Even if they say they can email [email protected], who is gonna come back before the cutoff date. nice exit scam
     
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  5. BassTrackerBoats

    BassTrackerBoats Super Moderator Staff Member Moderator Jr. VIP

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    Yeah that is quite disappointing especially because I have stood up for them for years here.
     
  6. bigboss4221

    bigboss4221 Registered Member

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    I’m sure most users under the threshold won’t even know what has happened.
     
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  7. blackwalker

    blackwalker Jr. VIP Jr. VIP

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    They still have time to make things right, But I dont feel giving people a 48 hour cuttoff date is acceptable. Thats like telling most people with a threshold that they gotta have the 2 best cpa days of their life to get paid they money they are owed. The marketing guy even said they might not be paid out.

    inb4 where is peerfly threads for the next 5 years
     
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  8. bigboss4221

    bigboss4221 Registered Member

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    Can anyone confirm what date they sent out this notice? Was it really sent out yesterday?
     
  9. BassTrackerBoats

    BassTrackerBoats Super Moderator Staff Member Moderator Jr. VIP

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    Mon, Jul 29, 5:23 PM (22 hours ago)
     
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  10. bigboss4221

    bigboss4221 Registered Member

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    This is disappointing coming from one of the old staples in IM. Every guru guide used to push Peerfly like crazy.
     
  11. Zapdron

    Zapdron Jr. VIP Jr. VIP

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    It was my first affiliate network, but Im not too sad they are closing. They banned my account in 2015 or so with 2000$ in it. I promoted an offer via fb ads, for 3 months everything was okay and they paid me, then suddenly they banned my account and claimed I promoted the offer in fb groups which is not allowed.
    I continued with the same offer on another network for about 6 more months and everything was fine
     
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  12. Houdinii

    Houdinii Jr. VIP Jr. VIP

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    I personally have about $40 in my account, which really isn't going to keep me up at night, nor was it anything I was going to persue. This is theft, though. The thing to remember, just because it's in the TOS doesn't make it legal. These balances were held in their account under my name. I earned it, it's mine. Man, I had a feeling people were going to get screwed. How many people signed up so recent enough that they couldn't cash out. Newbies need the cash way WAY more than I do and the answer to them is "Whelp, shucks, you didn't make it to the threshold in time..." My very first ad buy I made, well, about $40, but I spent so SO much more. That money I did make was vital!

    It's the damn principle of the matter... I'm glad I'm at a point in life where that $40 is chump change, but when I earned it, the money itself could have been used for, idk, medication for a single day. I was under the impression that companies that are dissolving had to send out TIMELY notices with information on how to get your money owed, typically 120 days. The path being followed now sounds more like a bankruptcy, but again, I never saw any proper filings for that. Has the company even been dissolved properly at the state and federal level? None of this passes the smell test.
     
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    Last edited: Jul 30, 2019
  13. kindablack

    kindablack Jr. VIP Jr. VIP

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    No matter you need it or not: it’s your money. There is a treshold to make operations easy, it’s not you have to make $X to get your money when we close the company.

    They cannot legalize the illegal activity by just writing them in their TOS. Yhey have to pay.
     
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  14. bigboss4221

    bigboss4221 Registered Member

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    Not to make any excuses for them, but it just seems like they do the threshold to pocket money from new people. Signing up for them was super simple and I believe I was approved right away without any problems. If you openly accept newbies like this constantly it’s kind of crazy to think that they will all make at least $50 and be able to cash out.
     
  15. Houdinii

    Houdinii Jr. VIP Jr. VIP

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    I was under the impression that a dissolving company would pay back pro-rata. Like, if they only have 60% of what they owe everyone in the class (money owed through affiliate earnings), then everybody gets 60%. It sounds like they have a bigger %, but they don't want to stir the pot by messing with those with money so whatever venture is next, they have a clientele. So the only people not getting paid are the lowest earning class, those that need the cash the most. The callous disregard for people's assets makes me want to go all chaotic evil on the situation.
     
  16. MisterF

    MisterF Moderator Staff Member Moderator Jr. VIP

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    Talk about short notice.
     
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  17. BassTrackerBoats

    BassTrackerBoats Super Moderator Staff Member Moderator Jr. VIP

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  18. tomcatplayer

    tomcatplayer Junior Member

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    let’s say i have $30 in my account with them, is there actually anything i can do about it except bitch at them?
     
  19. Houdinii

    Houdinii Jr. VIP Jr. VIP

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    I spoke with the FTC and filed a complaint, but that won't do much, especially with the time frame given. If a lot of people call, though... (1-877-FTC-HELP) I also spoke with my brother in law, who works for a corporate lawyer. He suggested off the record to contact the Florida Attorney General and file a complaint (http://myfloridalegal.com/contact.nsf/contact?Open&Section=Citizen_Services) Again, with the time frame, it's unlikely.

    The company will be liable, however, for all debts until they actually dissolve, and they haven't done that as far as paperwork submitted. I'm actively seeking information as we speak. If I find anything more solid, I'll let you know.
     
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  20. BassTrackerBoats

    BassTrackerBoats Super Moderator Staff Member Moderator Jr. VIP

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    I personally would not bother as it is pretty hard on the folks closing shop emotionally but the legal avenues are available.

    I'm not sure if there is any money in my account or not as I've not used them for some time but, again, 40.00 to some is real money and if they are owed it they should get paid.