PayPal and Minimum Payment ChangesWe have a few payment changes that we want to bring everyone up to speed on. First of all, we’re excited to announce that we’ll be bringing PayPal back as a payment option starting September 1st. We’ve had a lot of requests for this addition over the last few months, and it should make it easier on those of you who simply can’t wait for your check to arrive. Best of all, we won’t be charging any fee for the service above and beyond what PayPal already takes out of the transaction.
To receive your payment via PayPal, you must have a Verified account. Then just login, go to “My Account”, select “PayPal” under “Payment Options” and enter your PayPal email address. Your monthly earnings will then be sent to your PayPal account instead of by check. Earnings from September and onward will be available through PayPal; payments from August and before can only be paid by check.
The other payment change going into effect September 1st is the minimum payment will be changed to $20. This won’t affect most of our users since our average check is well over $20, and it should help out your referral commissions by encouraging your referrals to more offers.
That’s all for now. Take care everyone!
UPDATE (09/04/08): To clarify, the minimum payout change will not affect the $3 bonus you receive when one of your referrals reaches $10–that’s still in place. We’re also aware that this is a significant boost from our previous minimum payout, and we definitely understand your concerns.
That said, we do have our reasons for raising the minimum payout. For starters, encouraging users do more offers not only helps their referrers make some extra cash, it helps us keep processing costs down so we can keep both PayPal and check payments free of charge. Also, as we said, the average check for a user is well over $20, so for most this won’t affect them at all. Many of our new users take advantage of the offers and daily surveys and make $50-$100 during their first month, so it’s not that difficult to reach $20 in a month given the options available.
Add that to the fact that we have alot of new offers and earning opportunities on the horizon (we just added a bunch of new offers last week), and we think there is no question our program is still the most attractive around, especially considering some of our current promotions and upcoming contests. Over the course of the last two and a half years, we’ve paid out roughly two million dollars, and evidence of checks received is all over the web. We’re going to continue to do just that, and bringing new opportunites to our users is still our main focus.
As CashCrate members your feedback is always welcome and appreciated, we consider it an invaluable resource to have so many users who are looking to make our company a little better everyday. Keep an eye out for good things to come this month!
