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This has happened many times to me...I can remember doing $5k / month with big sponsors back when they were revshare and as soon as they went PPS with "one of the annoying systems" it went to -zero-.
Never, ever trust a system with hidden accounting.
Those people who say that PPS is fine for them almost certainly have no benchmark for comparing traffic. As I run both my own paysites and send some sponsor traffic I can easily find who is screwing me...
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