Author Topic: Ifbux payout disabled  (Read 2583 times)

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Ifbux payout disabled
« on: August 21, 2011, 06:52:51 PM »
Ifbux has disabled payouts for all members till a new business plan is launched
 :-&

Quote
Hello Members,

First of all, we do want to thank you all for your support of Ifbux. Some of you have been with us through tough times since we purchased this site. We have done our best to fix the site by purchasing a new script, looking into new advertising methods, honoring all payments and giving the best support possible.

Unfortunately, all of these efforts have not proved successful. Since we acquired the site, it has been losing money because the original owner set it up as a ponzi scheme and it was not meant to last long. We wanted to be generous and pay everyone we owe. Not only did we pay old debt, but we have made on-time payments for months now. However, after losing tens of thousands of dollars, we're re-evaluating our business model. We're in the process of switching the site to a social media marketplace in order to save the site.

At this point, our budget is very low. We don't want to abandon the current users, but we are now forced to delay cashouts until the new version of the site becomes profitable. Any pending cashouts will be sent back to your balance. The money you earn from this point forward will be paid through our social media voting version of the site.

We can?t give an exact date, but we are trying to get it done as soon as possible. We hope you will stick around and see the new and profitable changes to come. We do sincerely apologize for this and will keep you updated.

We realize this will be tough news for you and we do want you to comment and ask questions, but please do so respectfully and constructively. If you want to send a message to us directly or ask questions, please send a support ticket. Disrespectful and derogatory comments as well as spamming in the forums will not be tolerated and you will be suspended immediately with no hope of returning.

Thanks in advance for your support and understanding.

Sincerely,
Ifbux Administration

Doesn't look good for Ifbux.   ::yuk


« Last Edit: August 21, 2011, 06:55:19 PM by clancy2 »



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Re: Ifbux payout disabled
« Reply #1 on: August 21, 2011, 07:45:43 PM »
I swore this was announced before. Ifbux has definitely had trouble ever since they have been launched the first time so its always been a site to watch. I admire the new team for at least attempting to keep the site up and trying to improve it but they really should not launch it 100% if they are just going to cut off payment for a while.

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Re: Ifbux payout disabled
« Reply #2 on: August 22, 2011, 12:30:50 AM »
ifbux...is a site that stuns me.
the new admin did pay the old payment...he did alot of things for the site..but sorry he had a bad team to work with (except filix77,the co-admin)...hope he will make it a gain.

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Re: Ifbux payout disabled
« Reply #3 on: August 23, 2011, 06:50:50 AM »
thats Not Fair

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Re: Ifbux payout disabled
« Reply #4 on: August 24, 2011, 05:09:14 AM »

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Re: Ifbux payout disabled
« Reply #5 on: August 24, 2011, 11:21:04 PM »
old news

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Re: Ifbux payout disabled
« Reply #6 on: August 26, 2011, 06:07:17 AM »
Old is Gold

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Re: Ifbux payout disabled
« Reply #7 on: August 28, 2011, 01:10:18 AM »
Looks like admins have abandoned the Ifbux forum.They sure aren't keeping members updated on the changes supposedly coming.

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Re: Ifbux payout disabled
« Reply #8 on: August 30, 2011, 02:54:02 AM »
At least they give notice of whats happening and explain how things really are.

 

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