Get Paid Forum - Get Paid Discussion > The Money Suite Makes Changes

Full Version: The Money Suite Makes Changes

Get Paid Forum - Get Paid Discussion > Get Paid To Programs > Industry Announcements

tipsy

Nov 16 2002, 08:58 PM

In an email to it's members the webmaster of Money Suite decides to charge members a fee for redeeming cash from their account to cover fees charged by paypal and e-gold. The excess collected will be used for other site fees and advertising the site. They are also starting a raffle contest.

QUOTE

We have made some changes to The Money Suite that will allow us to
serve you better. We now have to charge a small fee for sending payments.
This fee will be used to pay our fees charged by PayPal and E-Gold.
Any excess money will go to advertising the site, paying for hosting,
added new features, and giving cash awards in the Raffle.
I have set all payout types to ?Manual?, please visit
http://www.themoneysuite.com/cashout.php to read about the new fees and
then go to http://www.themoneysuite.com/profile.php to select your new
payout type.
Which brings up the second item: The raffle will be done in the next
72 hours or so. I hope to be done sooner. If anyone has something they
would like to offer as a raffle prize PLEASE get with me ASAP
(Webmasters of other programs can offer advertising packages on your site, Gold
memberships for your site, etc?) You will earn 1 raffle ticket for
every 10 Paid-2-Click ads you view. Your stats are being tracked as of
yesterday. It is not displayed anywhere yet but rest assured I am
tracking it. That way when the raffle comes online you will already have
some tickets to enter! So start clicking now to build up some tickets.
The first 3 prizes are a GOLD Membership, 5 Referrals and 10,000 points.
If you have any questions regarding our new policy please e-mail
Policy@TheMoneySuite.com
As a reminder the Auction is now running in full swing! Go to
http://www.themoneysuite.com/auction.php to BUY/SELL points. There are
some really good deals there if you need more points to run your ad!

Thanks for your support,
Scott, Cindy, Arthur & Ed

Juliette

Nov 16 2002, 09:26 PM

I must admit I really don't understand these sites that have fees for us to cashout.. didn't we earn the money ourselves?

1. the moneysuite already takes a cut with any points we sell (straight away an income for them)

2. points don't actually cost them any money at all to send out/redeem

3. since when did we get a say on whether we want the money we actually earned to go back into advertising (don't we do that anyway hense referral links etc), or into raffles

4. a site should work out beforehand what its going to take to pay hosting etc and budget for it accordingly... TOS and general changes to programs are getting way out of hand..

I'll stick with this site because I really do like it.. and maybe my post is a little harsh but its only after watching program after program head in this direction.. (more fees blah blah blah)..

and another thing that really peeves me off! why send an email saying we've got fees now and a link to the page to check out what they are when you haven't finished the page!!

HopsOfLove

Nov 16 2002, 10:05 PM

Yip, taking money from cashouts isnt good.

shannelle1

Nov 17 2002, 01:44 AM

I've been with this program from the start. I have no referrals and have made a whopping 14 cents. By the time I do manage to reach the 50 cent payout, that's probably what their fee to cash it out will be, so I'll end up with nothing. I look everyday and if I'm lucky I find 1 paid ad a week!! I do not see anything great about their program and it seems to be getting worse. I don't see me sticking around in this one much longer.

Juliette

Nov 17 2002, 01:48 AM

QUOTE (shannelle1 @ Nov 17 2002, 07:44 AM)

I agree with you completely shannelle1.. I have referrals and even then I only had .16 cents! I'm pretty sure they are going to change to a traffic exchange/sale site soon because nobody is even bothering putting their own money in for cash ads only points..

The only reason I can even cash out of this program is being you can now sell points (which may I add don't cost themoneysuite anything yet they take a commission anyway.. so why also add a cashout fee??)

I'll stick with it but if it goes downhill (nobody buying points because theres just to many listed. etc etc) then I'll look at quitting

sunsun2k

Nov 17 2002, 02:39 AM

Unlike other GPTR site, Themoneysuite is running traffic exchange

so I think Themoneysuite need find their way to earn more money themselves to cover the site setting fees and the things they are going to do like raffle tickets for FREE GOLD membership , FREE 5 referrals , and FREE 10000 points.

There are 139 gold members with 139x $15 = $ 2250
and they moved their site to a quality hosting which is about $90/month
so they can maintain their site for about 2 years if there are no more gold members

But I agree that they do too many things to increase their profit just in a week will make their members disappointed.

In this week
===================================================
1. They increase the minimum point selling from 100 points to 500 points
and the step increasing is also changed from 100 to 500

2. They try to increase the minimum selling value from $0.01/100 to $0.03/100
but the result is really bad (nearly no one buy it) so they change back to $0.01/100

3. They increase the selling points fee charging for normal members from 5% to 10% and gold members remains 5%

For example .
Someone buy 500 points for $0.05 on normal member A
Then Themoneysuite will take out $0.005 from member A as a fee

Someone buy 500 points for $0.05 on gold member X
Then Themoneysuite will take out $0.0025 from member X as a fee

4. All members need to pay a cashout fee
===================================================

Anyway...I will still support the site

ppprk

Nov 27 2002, 01:28 AM

I dislike this change
I didn't request payemnt for awhile & now I have to pay almost $0.5 as a fee

saysay

Nov 29 2002, 05:00 AM

just a stop for A while, ppprk 'll paid 50 cents for a amazing fee.

Kristin

Dec 3 2002, 10:58 PM

i don't like the changes either! and i just upgraded to gold

they have banned searches. but still have exitflows. i think a lot of these people buying points for advertising searches. it worked for me, but now i have a lot of points...maybe i could auction?

i bought the gold membership because you got extra points for buying in the auction. this WOULD have been cheaper for me in the long run. now it's just a BIG WASTE OF $$!

Kristin

Dec 3 2002, 11:01 PM

"This feature is coming REAL soon, hopefully in a few days, please check back here every day or 2 to see the progress. Sorry, but ALL the searches were interfering with the Paid-2-Click section. We are developing a new, unique way for you to advertise Search Engines. "

But I see that there are still searches on the ptc page!

jtaylor75

Dec 17 2002, 04:25 AM

Now "bronze" members can only sell points once every 2 weeks. Points are sold in the order in which they are listed for each price per 100. I just cashed out and received my 49 cents. Now, the program is virtually useless to me. I'll be 100 b4 i can cash out again. It was a good program. Now it's just another GPTR

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