Monday, February 22, 2010

BREAKING NEWS - IMReportCard no longer paying cash

This really caught me off guard, i got this email a half an hour ago and am surprised here is exactly what is says:

"Hello,

I want to call your intention to a very important update at IM Report Card that took effect moments ago.

When IMRC launched last year, we really needed as many people as possible to participate so the site could get enough reviews, comments, and grades to be useful and meaningful. So we devised the credit system as a method to incentivize people to come to IMRC and use it. As you know, we also allowed people to "cash out" their credits for cold hard paypal cash.

Today we are revising the credit-based incentive system. You can no longer cash out your credits for cash. Unfortunately, we just had too much fraud when cash was involved.

Instead, you will be able to earn status icons based on your credits earned, and will be able to use your credits as virtual currency to purchase some selected internet marketing materials, or gain access to certain internet marketing sites that you would normally have to pay to access. We're still working on rolling out this revised system so there are no other details to share right now.

Rest assured, those hard-earned credits will still have value.

In addition, we've also added a new free eBook on the homepage to encourage people to become members. All current members like yourself can download the ebook from the IMRC homepage simply by entering your name and the email address that received this email. You should be able to click a link to download that eBook immediately if you are logged in.

We really appreciate your continued participation as a member of the IMRC community and hope you continue to use the site often. The information and accuracy of the comments is going to get better and better by eliminating the cash incentive, so the site should provide even greater value to you going forward."

Feel free to email us at support@imreportcard.com.

All the best,

Adam
http://www.imreportcard.com


Yep, so there you have it a points based system and only there own rewards for doing the work. I understand that people were cheating the system, but i though this was a pretty bad move. Most of the people I know who go to IMReportCard do it for the cash pretty much. I think what they should have done was maybe just get rid of there referral system (Which they actually ALREADY did a couple of weeks ago) . What also sucks about it is IMreportcard told NO one that they were going to even be doing that. So looks like I lost some money online, hardly a big deal I will find another way to pick it up, i am doing pretty good on Cashcrate and plan to keep pushing it as hard as I can, what do you guys think about this?

1 comment:

  1. Hmmm….you’ve got me thinking. Are you sure that freelancing is a worthwhile job? Simply put…is it even a `real job’? Your blog is sure to convince even the hardest of skeptics. Maybe it’s time to take a break. There is too much stress around me and I am grateful to you for showing me the way out. Freelancer – it does sound good on my tongue. And you are also telling me that I can make more money from home? I did check on sites like Business Logo Design, Professional Logo Design which are top-listed heavenly places for the freelancing crowd. They are quite genuine. Finally, I have come to a decision. It is time to move on…as a freelancer!

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