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I figure this will become commonplace between trusted traffic senders and programs, but I wonder how many companies have the reserves to cover this type of payout...I'm betting not many, even some of the "players"
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>>between trusted traffic senders and programs
this being the key element
flashcash is offering this to all webmasters
i'm joe cheat, i see i can be paid instantly ... i have a database of 100 credit cards and an ip spoofing program and a script to make usernames and passwords and a bunch of other tools at my disposal ... over a period of a week i feed my 100 credit cards through the system, each day getting a little more money fed into my account ...
100 signups @ $25 per signup = $2500 payout ....
- 100 chargebacks staggered over the months following
>>but I wonder how many companies have the reserves to cover this type of payout
Its not a matter of having the 'reserves', its being able to afford to absorb the losses ...
all of the above is solved by having a realistic payout of $25 ;-)
This has been a hit with webmasters so far ... i'd like to see the 'new signup' logs for flashcash ;-)))