Cash is Good!

I have taken a part-time job, and it's definitely affecting my blogging time. I'll continue to post here as I am able.

Monday, September 27, 2010

Troubles at Palm Bux

Palmbux has recently changed owners. The good part of that is not everyone will lose money. Maybe. On the forum, several people who invested amounts, sometimes exceeding $1000, with them, are up a creek. The new owners aren't making good on losses that the previous owners incurred.

But they promised an "all new" site on Friday, Sept 24, 2010, with the ability to cash out, which had been locked for quite a while. Sure enough, some things were new. After a few days of an inability to even click ads, that was open again.

The new owners seem determined to succeed, but I'm a little annoyed. The said that cashout would again be open. But any funds one had in their regular balance has been moved to a place called "Reserve Balance." This will be fed back into Rental Balance, 10% per month, plus a 20% bonus. If everyone tried to cash out their balances immediately, PalmBux would go under immediately. The owners stated that the total would be $121,000 dollars if that happened.

So the good news is that people did not lose all that value. The bad news is that it can't ever be gotten out in cash, because rental balances can't be transferred back to the Main Balance. I think this is true... it's true at most of the Pay-to-Click sites. But, I can't check, because the Help Page at PalmBux still isn't working.

Well, this will never be on my list of favorite PTC sites. You get too little cash for the time. Most clicks are worth either $.002 or $.008- yes less than a penny. It's really disheartening when to get several in a row that don't even add up to a cent. So why do I keep doing it? Probably just curiosity to see if I can ever get any money out of it.