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ShareCash reduces payout

Discussion in 'Making Money' started by Trotter2, Jan 9, 2010.

  1. Trotter2

    Trotter2 Newbie

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    ShareCash has announced this on 5 January 2010:

    ===========

    Lately many downloaders have been buying a premium account, downloading the file, and then making an excuse to PayPal to reverse the payment. This activity has increased lately, leading to an incredible amount of reversals. When a payment is reversed, however, we do not take the money away from your account, but instead pay you for it. After a careful evaluation of the situation we have concluded that we are losing money at a very progressive rate because of this, and if we let this continue indefinitely there could be a chance we would need to cease operations. According to the statistics we have studied, we concluded that we have to set the premium account rate at 30%. We believe this is a much better option than reversing your payments since all the money you get is yours to keep, and you never have to worry about it being taken away. It should hardly affect your overall earnings, since the vast majority of your revenue comes from downloads. In order to compensate for this change, we are working on a few new ideas that will open new ways to earn and help everybody make even more cash.

    ===========

    What a load of garbage.

    The only way to make any decent money out of ShareCash was through premium sign ups because very few people want to fill out the endless surveys to download a file (hence, you give them a few 'like' files to download and they then feel compelled to sign-up).

    Obviously, ShareCash wants more of this premium sign-up money for themselves.
     
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  2. mightybh

    mightybh Jr. VIP Jr. VIP Premium Member

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    I actually believe them. The PayPal chargebacks are getting absolutely ridicules. Especially with warez traffic. I'm tempted to go on a shopping spree myself and charge everything back.
     
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  3. meathead1234

    meathead1234 Moderator Staff Member Moderator Premium Member

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    I don't use ShareCash, but I don't see what your problem is.

    They have explained using a valid reason that it is not profitable for them to pay as they were, and obviously a lot of people are sending bad leads. From what I gather they are the best paying pay per download site out there, and are clearly being honest and open with their affiliates.

    Why not build your own file sharing site with a gateway? That way you can keep 100% of the profits and not moan about other sites :)
     
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  4. appleman

    appleman Regular Member

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    id rather keep all the profits then loose sign up I think...
     
  5. sonataseo

    sonataseo Newbie

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    Why not just cut sharecash out, and use cpa?
     
  6. macpaulos

    macpaulos Regular Member

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    lol I missed out on premium account....been making all my peeps sign up with a survey :D.....got a whole $50 ...wooohoooo me
     
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  7. domkis3000

    domkis3000 Newbie

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    It's safer to use SC, cuz u can upload warez and porn, CPA will ban you for this.
     
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  8. blackma

    blackma Power Member

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    I believe the owner of sharecash walks the floorboards here.

    stealthisblog??
     
  9. Standard Toaster

    Standard Toaster Regular Member

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    Sharecash clones are already out there. Not saying making another sharecash would be easy enough, but you can cover yourself with warez shit.
     
  10. dshad

    dshad Regular Member

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    It's a good reason imo.
     
  11. vinsarea1103

    vinsarea1103 Junior Member

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    sharecash clones are already there? where they hiding? never heard of any such yet?
     
  12. Frost Byte

    Frost Byte Newbie

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    Seems justified to me.
     
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  13. appleman

    appleman Regular Member

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    did everyone quit sc that was making money? I notice the top earners arent anywhere near where they were a week or two back
     
  14. pyronaut

    pyronaut Executive VIP

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    *chan
     
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  15. blackhat50

    blackhat50 Regular Member

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    www.files- cashout .com
    no spaces
    the site is also on sale at flippa.com last time i checked it was going at 5grand
     
    Last edited: Jan 9, 2010
  16. tubeincreaser

    tubeincreaser Regular Member

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    This is extremely stupid!
     
  17. stealthisblog

    stealthisblog Regular Member

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    Thanks to everyone who backed us up :D

    I'm the owner of ShareCash, and I can guarantee you this is a legitimate reason, and it needed to be done. Would you like us to sit back and lose money and risk going out of business instead? Plus, you still get a nice sized cut - and its much better than us reversing earnings from you guys. No matter what, you still earn more with ShareCash than the other clones, and usually more than going direct with cpa offers, which scrub you like crazy. Also, atleast 85-90% of most top earner's revenues come straight from downloads, not premium accounts, because yes, people do bother to do surveys to get files that they want. The entire incentive marketing industry, a multi-million, if not billion dollar industry is built around that fact.

    I hope that clears things up :)
     
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    Last edited: Jan 11, 2010
  18. justone

    justone Elite Member

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    From my point of view it's a pretty nice thing that sharecash does not take money back they lost from fraud payments.
    That's actually rare to find I think.

    30% is still a good share imho.
     
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  19. futurestunner

    futurestunner BANNED BANNED

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    still doing pretty good with sharecash :) thanks stealththisblog
     
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  20. anti_dote

    anti_dote Power Member

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    Well yeah taking away big chunk or Premium was sad but there was a reason and it justifies it and am happy lol