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26.7.09

Paid Ads Credit Cashout Program Terminated

This week, Ziprunner announce two important changes to Entrecard.( Entrecard has been Acquired by Ziprunner last week)
1.“Paid Ads” will be disable
“Paid ads” that was implemented a few months ago.Some members was so unhappy with it.
" I feel like my blog space is doing slave labor here - showing all of these paid ads that don't actually give me a thing."
Although Entrecard promised 75% of the revenue will be allocated back to the users through the “credit cashout program,” most users would prefer not to have “paid ads” on their widgets.They even put a banner saying they don't accept “paid ads”.

Its is confirmed that new entrecard will no longer accepting “paid ads”.The system will continue to run paid ads until the last batch of “paid ads” are completed. New management have decided to eliminate “paid ads” .

2. Eliminating the “credit cashout program.
If you're sending request to redeem credits for cash through the Entrecard credit cashout program.

They will distribute the remaining funds from the “paid ads” to users on a first-come, first-serve basis. Once these funds run out,those who are not receive money ,Entrecard will return back the EC to you.An email notification will be sent out to you.
Some users have been paid while many users have not.
I estimate the money entrecard earned from the “paid ads” system really not that much.However according to them,they will continue to pay as many users as they can with the remaining funds.


Since EC are terminate the “paid ads” program, It made sense to me they eliminating the “credit cashout program.”And I agree that by ending the “paid ads” and “cashout” program will benefit Entrecard and its users in the long run.
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