Paid.vg is closing!

On April 25th 2008, the admin of Paid.vg finally release a notice informing the public that the site, Paid.vg, will be scheduled for closing. He also informed the members of what has been transpiring behind Paid.vg, and revealed some shocking secrets about the PTC business.

He told the public that he had been trying to save the site, and had spent a solid month improving the original $30 Bux script, moreover, he also said that he opened BuxUp to help finance Paid.vg, to prevent it from falling, but, he also admitted that he failed. Thus, he made the decision to close the site for good. However, he did left a Temporary Forum for discussions. He promised to reimburse the money to those who lost out from Paid.vg, while giving those who lost nothing or profited from the site the least priority. He promised to do this using the $3,120 remaining in his account.

As for Paid.vg's failure, he blamed it on the PTC business model. The admin told us that the model used on PTC businesses were not good, furthermore, he told us that the picture that is created for the user is, the ads that the user clicks are funded by advertisers who are external to the site, but that is not the case on 99.99% PTC Sites. He said that most PTC Sites have only one or two occasional outside advertisers, and the site itself funds nearly all of the ads, meaning, the money paid out to the users is from those who pay for upgrades or referrals. He also stated that the first launch on a PTC may seem like the site is doing well, referrals and upgrades are bought in abundance, however, after a few weeks or months, the payment requests start flooding in. The requests eventually amount to more than is being earned by the site, therefore, in the end, the model doesn't work and there are always people who lose out.

The admin of Paid.vg also warned us about Bux.to, he said that he was glad that Paid.vg never expanded as quickly as Bux.to. He then commented that Bux.to is a ticking time bomb that is waiting to go off. It is far bigger than any PTC should be.

We have seen how he shown discontent on the PTC business, yet, he contradicted himself by saying that he likes to leave the PTC area, but would keep BuxUp (a PTC site) running. He, however, justified it by assuring that BuxUp will only be featuring ads that were funded by advertisers.