Wednesday, November 12th, 2008 at
12:15 pm
Ever since the new admin at Crewbux has taken over, he has looked for a way to get new cash streams. That admin is Jynchou. If the name sounds familiar its because he has direct ties with another famous ptc, IsabelMarco. Crewbux has been in trouble ever since the last admin supposedly had a freeze on his Paypal account and the payment delays started. Before that Crewbux was a favorite of many because the site paid really fast, in most cases 24 to 48 hours. But its never been the same since. The new admin has his hands full trying to resuscitate a site on the brink of death. Already the forums are full of posts forecasting the demise of Crewbux and rightly so. Interestingly enough, before all these payment problems Crewbux was implementing an instant payout system that never materialized.
The Payout Grid
So what is this payout grid and why was it implemented? Well Crewbux decided that the best way to infuse cash into the site was to have members invest 50% minimum of their payout prior to receiving it. Basically you have to invest at least half of your balance before you can cashout. You can invest by buying ads, purchasing referrals, upgrading, essentially anything where you are spending money into the site. And by the way, when you buy ads, convert ads, etc, it has to be from Alertpay or Paypal, converting it from your balance does not count. Once you have made the investment you must post proof on the forums where the admin will approve it and add you to the current payout grid. You can view your position on the payout grid which is basically a list that is paid in numerical order and basically acts as the payout queue. A new grid is created every week or so and posted in the forums.
Impact of the Grid
Obviously the implementation of the payout grid has had a great impact on the site. Those new to the site are confused and likely shy away from such a complicated payout system with so many other ptc sites available. The ones that approve the system are those that are already heavily invested and have no choice really, but to hope that others will reinvest so they can get their money back. Others are caught somewhere in the middle and having to decide whether or not investing money into the site to get their balance out.
Conclusion
In the end, Crewbux looks to be headed to the PTC graveyard. It has been a favorite of mine long before its problems, but now it seems the end is inevitable. While Jynchou’s efforts to revive the site are admirable, it may be too late to revive it. If he pulls it off I would be pleasantly surprised, but the writing is on the wall and I don’t really see it happening.
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Thursday, October 9th, 2008 at
8:58 pm
It’s common knowledge that Paypal has regarded the PTC site business as somewhat shady as a result of so many complaints of scam sites that have taken users money. But it’s also been a gauge of how legit a site is. In order for a PTC site to actually be able to offer Paypal as a payout option, it has to be in really good standing and that’s very hard for most PTCs. As you have probably noticed there are very few Bux type PTCs that actually accept Paypal.
Slow Decline
We have seen a gradual decline in PTC sites that offered Paypal since the beginning of the year. Mostly notably was the demise of bux.to. Still very popular, but having lost much of its appeal after Paypal cut its ties from them. The site was forced to use other means of payout, and as a result, bux.to went into a tail spin having delayed payments up to 6 months. One by one sites were being dropped by Paypal and the future with PTC sites was looking gloom indeed.
Darlings of Paypal
After some time the dust settled and there were still some sites left. These sites were deemed to be trustworthy and thus became favorites of many. Crewbux, Thinkbux, and Neobux amongst the leaders. Then without notice it started again. The once “darlings” of Paypal began to have its problems with the payment processor. First Crewbux, then Thinkbux. How could these two sites who have a fantastic history of paying its members within 24 to 48 hours be cut off from Paypal. This was very troubling indeed.
The Final Blow
There were still a few left, most prominent being Neobux. Now we all know Neobux pays instantly and they have great support and involvement by their admin, so there is good reason why they have strong ties with Paypal and no need for worry. But amazingly, just last night the admin had announced the bad news. Not only had Paypal cutoff Neobux, but had frozen all its funds for a time of 180 days. According to the site, that is 72% of its current funds. A pretty disturbing number if you are a member and my guess is just about everyone involved with PTCs is.
Conclusion
This looks like the end of the relationship between Paypal and Bux PTC sites. Now we turn to Alertpay. A bit of a rough start by this payment processor, but it is slowly becoming more dependable. We can only hope that Alertpay does not do the same thing Paypal has done or the PTC community may have its days numbered.
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Tuesday, October 7th, 2008 at
7:17 pm
What once was one of the premier PTC sites around, is now struggling to keep its reputation clean. For almost two weeks now CrewBux has suspended payouts to upgrade the script version on its site, and its members are growing very impatient as the live date keeps getting pushed back. Talks of scam are littered across the forums as members can only wait to see if the payouts will once again start to flow. The admin is doing his best to assure its members with promises of a slick new look and features that mimic the next generation ptc sites like NeoBux. Instant payouts and rented referrals are slated for the upgrade. What should be an exciting time for CrewBux is overshadowed by the delays of version V4 and suspended payouts til it goes live.
To add to an already tense situation, two of the leading moderators at Crewbux forums are also leaving at this crucial time to go launch their own ptc site. This only adds further speculation of the health of CrewBux. Like pouring gasoline on an already out of control fire the situation only gets worse as, a few days ago Crewbux announced that its programmer who was in charge of this whole new upgrade to version V4 went MIA.
They say bad things happen in threes… Are we looking at the potential downfall of CrewBux or a site that will be better then ever with its new script and promising features. I have always been a big fan of CrewBux, but even I am concerned at this point. The new interface can already been seen at the site and some features are working, but the most important one, instant payouts still is not. My hope is that CrewBux will make the transition from “old school” to “new school” ptc with added features that it promises like instant payouts and rented referrals. If CrewBux keeps its promises, the wait for this new version will well be worth it.
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