who's gonna follow flashcash?
 

Flashcash crew today wrote history by introducing real time payments by using the epoch epassporte.com. Which sponsors are going to follow them in the next few days? If you remember TheFly has requested this some time ago and now it's a reality. Paypal doesn't even come close to this. It fucking rules and if you haven't realise it, you'll do very soon.

well, who's next to follow flashcash???

I would say ARS is not to far behind.

SoulRebelCash :thumbsup

I'd love to see many others following the 'new' trend. Heads up to Flashcash. :glugglug

weekly payouts the day after the pay period ends is good enough for me.

what is daily payouts? so fucking what. you all crackheads?

I want all my sponsors to offer online payment options. Waiting for the mail to hit here from the US is annoying. As fast as 3 business days, sometimes as much as 8-10 business days. :)
ZoiNk

i want real time payment. Time is money. We are in 2003. Internet is real time.

I would think that non-delayed daily payouts would be a big risk for the sponsor..

Some little Russian (or Canadian) webmaster could fraud a bunch of signups, collect that day before the chargebacks came in, and bam.. What's flashcash gonna do about it?

Cheers,
Backov

shave your sales

I kinda like what ARS is doing. For new people they have a 3-4 day delay after the period ends, for ppl who have been with them a while it is like 14-16 hours after the period ends that paypal is sent.
ZoiNk

Me too

For International webmasters its a great Idea!
I would really like so see ARS pay to my VISA Electron each monday instead of me getting an wire I would save me on fees ;)

It would be nice to see Epoch use it next, since they invented it

Yep.

But more people will signup and send traffic because they need that $35 right this second so the sponsors will have more traffic and money to work with.

Of course, I think being paid "real time" is kinda pointless unless you're some dope who can't manage his money for more than 5 seconds.

I'll offer it if there is a demand for it...

ICQ me.. give me your feedback..

lol, exactly my thoughts. Does anyone want to keep track of real time payments? I'd spend my whole day making sure they're paying me for every sale. I do however like the idea of being paid weekly or bi-weekly to the card.

boy is it ever time for bed! :)

You want to be paid real time for blind clicks?

With regard to the instant payout risk with the new FLASHCA$H program:
The system looks for a transaction history.
So, we?re not going to pay instantly on the first signup of someone we?ve never heard from before. Because, you?re right, the risk would be huge.
But as soon as the system sees that the transactions you are generating are legit, you are assumed to be trustworthy and the money flows instantly.

http://www.flashcash.com/RealTimePayments

it's all good Halcyon. I know many US webmasters don't have any problem with the current payment systems, but as a non US webmaster I do have and many others as well. Personally I have to wait some days from the end of the pay period, to send me a cheque, to wait till it reach europe and 3 whole weeks for bank to clear it. Wire transfers won't make things much better in case you are pushing more than few sponsors (unless you are making ($200k/month) and I don't trust paypal for receiving payments. At the same time I pay (up front) all day and night a ton of people and services, while I receive money with a great delay. Certain sponsors have showed interest to do custom payment deals, but the epoch solution made things much easier now. Flashcash just gained me.

I agree with this also weekly or biweekly payouts to this card would be great

Funny.

only drug addicts need daily payouts,can't you crack pipes hold a check for a week without spending it all at once? weekly payouts,an hour after the period ends..Ontime,EVERYTIME would be "revolutionary" seeing that nobody has yet to do it :winkwink:

just pay me twice a month for my sales. unless you're goin' to pay me extra.

:winkwink:

Interesting. We have discussed paying clients with epassporte and perhaps some day we will. But we would still pay on a payment schedule and not in real time. We have an entire portfolio with thousands of websites to consider. As we've always said, we think "long term". What FlashCash is now trying is unprecedented so by nature contains some degree of risk. But remember, many times that's where the reward lies.

I imagine several of the larger sponsors will attempt to follow the lead of FlashCash. Not all will be able to attempt this. It will indeed be interesting to watch this progress.

--Rand


http://www.changethevote.com/epassportelogo_sm.gif

I didnt mean I wanted realtime payments, just the weekly payment to the card, without paying a fedex or wire fee

Great new product there Rand, congrats :)
I am sure it will be a HUGE success!

How is Vegas, any partying?

Ketil

My bank charges a $12 incoming wire fee

And several times, the post office has delivered my mail to the church next door, talk about being incompetant at your job

and a couple weeks ago, CEN sent payments out early, my check came to my house, while i was in las Vegas. On monday i was expecting fedex to show up, but they didnt, so i emailed cen asking about my check... they said it was delivered saturday. So,I'm outside, in the pouring rain, looking for my fedex envelope. The wind had blown it all the way around the house, to the back yard and it was laying in a puddle of water. Checks were soaked, I had to put them on a rack in the kitchen to dry out then my banker gave me a very funny look when i deposited the shrivelled, soggy checks. So.....

Payments to the card would be most welcome :)

Interesting. We have discussed paying clients with epassporte and perhaps some day we will. But we would still pay on a payment schedule and not in real time. We have an entire portfolio with thousands of websites to consider. As we've always said, we think "long term". What FlashCash is now trying is unprecedented so by nature contains some degree of risk. But remember, many times that's where the reward lies.

I imagine several of the larger sponsors will attempt to follow the lead of FlashCash. Not all will be able to attempt this. It will indeed be interesting to watch this progress.

--Rand I don't see the benefit. I'm not using these funds to day trade on the nasdaq. Please explain.

:)

maybe if you hold the payment for a month, you'll kill ther FUCKIN CONSOLES??

Any idea when we can expect to get weekly, bi-weekly or even monthly payments to the card, with the current delay? It seems like that would be a lot easier and cheaper for you.

Speak for yourself :Graucho

Seriously though for overseas webmasters the possibility of having the chance to go down to the atm and draw cash out has got to be a huge bonus.

However, I don't think I would be running to change sponsors just yet. I'm sure there are bugs to be worked out.

Velocity of money, or the speed of cash flow, is an important factor in any business. Just ask any retail storefront businessman how long he holds checks or cash before deposit.

Which is not to say that instant payment per sale is necessary by any means. I see it as sort of a marketing gimmick, but a fairly powerful one. If nothing else, it eliminates that "I wonder if I'll get paid" feeling that comes with any new sponsor test. Tho weekly payments to the card would be almost as good for that.

As far as I understand this epassporte system, which btw is not new in terms of receiving payments (offshore banks use it - virtual card where you receive payments and plastic PIN cards to withdraw money from ATMs and avoid taxes), chargebacks are said to be history. When signing-up for a virtual card, your current existing card (obviously approved by a bank) is verified and only then you are assigned a virtual epassporte card, and you transfer funds in it from that real plastic card already issued by your bank (later also from payments made there by sponsors, relatives, ...). So, once your existing real card is verified, your virtual card is created and upon fueling it with funds you can start spending online. So, in this case there are no chargebacks, since the customer and funds are real and legit.
One problem would be if the existing card is verified in a matter of seconds online where you can indeed supply some fraud as some people do these days when buying online, but normally if an existing card is thouroughly checked, the virtual epassporte card issued afterwards (together with the Visa Electron PIN card) can be used safely and repeatedly.
There's where I say that such a thouroughly verified existing card can make it possible for a sponsor to add money instantly from every sale to your virtual card, since it's safe now and the owner is verified.

Not sure just yet. But definitly something we are going to look into. Our focuse has been to create the product, now it's going to be distribution.

:Graucho

[QUOTE]Originally posted by KingK7
Great new product there Rand, congrats :)
I am sure it will be a HUGE success!

How is Vegas, any partying?

Ketil [/QUOTE

Thanks Ketil! It's been a great show so far and we're only starting Day 2 as I write this. Not too much partying yet...(for me anyway) but Gigamix is tonight and then of course The Players Ball tomorrow nite.

You should be here. Drop me a line and let who you're doing.

---Rand

Exactly, cash flow is very important to every business. Getting paid faster also allows you to spend money faster and grow faster. Real time payouts are a great idea.

me

Rand sounds interesting... jim will stop by and talk to you about this... could be something that we may try to integrate into S.I.C.Cash...

Miss ya KingK... not too many peeps from Europe this time...??

:)

Missed you at the show. But we're back in L.A. and would love to talk to you about it. We're going to do a webmaster confernce call on Monday to allow everyone to listen in and ask questions about epassporte. Stand by for further details.

--Rand

my instinct says the epassporte is trouble.

We have a good payout system becuase we have some great peeps working here making sure our webmasters are paid on time each week. And if there are any problems you know you can get a hold of Jenn and Amber or for that matter, any of us here at the offices in Vegas. Thanks for the props FlyingIguana, ZoiNk and everyone else who mentioned us.

At the risk of starting anything... please tell me why your instinct tells you this....

Chris
CEO EPOCH

Chris.. don't open pandora's box... Let the programs lead the way..

You weren't replying to something I wrote, but the problem I have with epassport is why should I pay to get money sent to me by sponsors? $5 to load the card. $50 to place on the card. $35 to get the card sent so I can use it at ATMs. That's a lot of cash for a faster payment method that only 1 sponsor is using. If you had something for webmasters that was cheaper, it would be embraced a lot more and a lot faster by the webmaster community. I don't mind a small fee, but $90 just to test a new payment method is a bit extreme. (Yes, I know the $50 can be used, but why put it on just to take it off).
ZoiNk

The daily payouts don't interest me at all. However the card does. Being non-US many of the reasons have been explained. Another major plus is I also wont lose money changing from dollars to local currency then back again to pay stuff. Doing that costs a fortune over the course of a year. Paypal of course is also an option but it has been known to have problems (probably an understatement) so an alternative is great.

More sponsors should jump on board - forget the daily thing just the card for the regular payments would be great.

Considering the unstable environment for the last year
when it comes to 'billing issues' i admire Epoch's courage but
think it's plain stupid.

As we all know: shit is hitting the fan for everything that is creditcard/billing related.
And really: 'we aint seen nothing yet'.

The stuff we have experienced with visa and mastercard
is just the beginning.

Basicly: there arent and wont be many reliable 'adult 3rd party processors'.

Good idea but its not the time!!

You are one of the very (VERY) few that maintains a good
record when it comes to reliability and client satisfaction.

But instead of making sure you invest all your time and effort
into keeping it like this (preparing for the winter!):
Epoch starts fucking around.

I think Epassporte is just another opportunity to bring in
more shit.

Obviously you don't get it, sleep on it for a bit.

ePssporte is providing an innovative solution to the problems we all face. Think about it.

Clay
Epoch
ePassporte.comj