Yep Revenue still not paying?

lol @ Elias thinking Luiz is going to pay out any of the $440k owed.

On the other side, he's right to some extent. Anyone who kept running them when they first started to put people on net 21 schedules and "you get when we get paid" is just plain crazy

Like I said: Adsdirect & c2m paid out. Yep didn't. Should tell you plenty about who you should do future business with.
 


Yeah you are correct ricdes. I got out before most guys did, hence, I didn't need to make a thread like this.
 
g33ks said:
I know someone they owe $25,000 to. They also got rid of most AMs and are running everything internal now. I doubt people will ever get paid. They try to go the nice guy route because they don't want it all to blow up in their face. If they simply stopped responding they would lose all affiliates. You will never get paid imo.

That Eli guy poached all their affiliates from wickedfire. Where is he now to respond to these issues? He was always around in minutes to post on wickedfire when it was beneficial to him.
Click to expand...


Confirmed. So many promises and lies. I've basically written off. A couple excerpts from his emails (not to mention phone calls, IMs, account history). And this is from a couple months ago. I'm just glad I stopped the traffic to his offers when I did, or it could have been worse. What a joke...

---------------------------------------------------------

"[FONT=Calibri, Verdana, Helvetica, Arial]I will not tarnish my relationship with you.

I will get you paid every penny.

Give me 1 week from today to solve this problem.

This diet deal with Luiz has put YEP in the whole, $440,000 hence why our delayed responses as we are doing serious damage control to fix this.

Let me repeat myself, I will not tarnish my relationship with you, I will pay you every penny, give me 1 MORE week to fix this.
..............
[/FONT][FONT=Calibri, Verdana, Helvetica, Arial]Whatever happens with Luiz and the diet deal, and no matter how bad I am hurting, I will take care of you financially. The good news is Luiz’s banking is still ON he has just been delayed with settlements (the beauty of high risk business.)

[/FONT][FONT=Calibri, Verdana, Helvetica, Arial]Nonetheless his banking is the most solid still today out of all the rebill players.

In conclusion, I mean every I have said above, please accord me 1 more week to get myself out of this[/FONT][FONT=Calibri, Verdana, Helvetica, Arial]"

--------------------------------------------------------------------------

[/FONT][FONT=Calibri, Verdana, Helvetica, Arial]There was a hold up, yes. This hold up caused this very large delay.

The good news is, I received a message this morning from the advertiser, Luiz.

“Everything was resolved and we will be resuming funding.”

The next step is for him to let me know WHEN the funding is resuming.

The previous step was to let me know if this was resolved or not, which it was, according to him and according to the message I have received this morning, from him.

Frankly speaking, if there was a permanent freeze on the accounts, Luiz would of disappeared. (He is located in Brazil) and it is very easy for him to simply ignore me.

I am waiting as to when funding will resume, which from what he has shared with me, it should not be long.

Either way as I told you in my last email, I will do good by you no matter the outcome, I am a businessman with values and I’m not running away from anything.

Hang tight with me until the next update, I am hoping to have something before Tuesday.

-----------------------------------------------------------------------------------------------

notice the bold above.... ya okay!

Either way.. save the heart/head ache and move on.
[/FONT]
 
Plus just to clearify, when networks say "Ohh We're $440k in the hole" blah blah.. aside from your PERSONAL investment of a % of the bandwith cost, and some manhours from AMs pushing the offer to affiliates, Unless you took out money from your own pocket and spent it on your own campaigns, or took out $100k billboard ads on Santa Monica Blvd...you ain't out shit, even your profit margin on the offer is a direct impact from affiliate traffic...it was your stupid decision to give these advertisers "credit" at affiliates expense..
 
We had this same offer but didn't extend credit to the advertiser as we've heard of prior payment issues. Sometimes a pre-pay is the only way to run some advertiser's offers.

It was my understanding that affiliates who were running through Yep knew that it was a paid when paid model. The issue I think is that Yep didn't acknowledged that the advertiser was shifty and/or didn't relay that info to their publishers. I thought the pay when paid model was appropriate for Yep to do, but I think they should have relayed the risk level to their affiliates. It's one thing to say pay when paid with someone you're not 100% confident on payment with, but if you're damn certain the advertiser isn't going to pay eventually they should have relayed that info to the affiliates so they could have had a chance to manage their risk appropriately.

Good luck guys. Sorry for those of you who got burned. Learn from it!!!!

We, as a network, have gotten burned many times, but affiliates get paid EVERY SINGLE TIME. It's our responsibility, as a network, to manage the advertiser. The pubs should not have to worry about that side.

-val
pinnacle

p.s. For whatever it's worth Yep was misinformed over and over again regarding payments coming in and processing being resumed. Seems they just got in over their heads with how much credit they extended (oops!). Good luck bros!
 
LOL @ elias also... never was i spreading rumors...

If you look at my original post, i was clearly stating the facts and nothing more...especially not rumors.

I love how you use the excuse that "this is a high risk market," If this is true, why did you decide to take it on in the first place? I think you need to quit with your bullshit excuses and get to the real point: you messed up. You let your liabilities far exceed your reserve and now you're stiffing us, the affiliate with the tab.

And yes, i am mad now, as I should be. You told me to be patient - and i was.. you told me this for 3 months - how long should i(we) be patient for? What have you done to resolve the problem? oh yea, nothing, except the emails or pings we get that say "be patient, im not gonna pressure him."

Clearly this tactic of yours has failed but what shocks me even more, is you keep trying it.
 
My experience wasn't a rebill but a lead gen offer and it wasn't "high risk" at all as no less than 15 other advertisers absolutely loved (and still do) our quality. My point is it's not just them not paying on the rebill stuff. Since I first worked with Yep I have always noticed one thing, advertiser make Yep their bitch. They are small and don't have much of a name and get walked all over by advertisers and in turn their affiliates take it up the ass.
 
wow those are some idiot asss IMs. he seriously needs to learn some tact when it comes to talking about the industry he's in
 
Wow, definitely lying...saying it was our landers that were the problem huh...to me it was some phantom "other rebillers who work with Dee" or some nonsense:

bbywyboy: (10:44:00 AM) whats up
thebiglasdf: (10:44:59 AM) working heh, did you speak to ryan recently ?
bbywyboy: (10:46:38 AM) a bit ago
bbywyboy: (10:46:44 AM) whats the latest on the payment?
thebiglasdf: (10:47:55 AM) had to let go ryan
thebiglasdf: (10:47:56 AM) jeff
thebiglasdf: (10:47:58 AM) and brendan
thebiglasdf: (10:48:15 AM) the banks never paid luiz
thebiglasdf: (10:48:28 AM) so he is setting up the rebate model
thebiglasdf: (10:48:39 AM) for acai/colon
thebiglasdf: (10:49:20 AM) prepayment + payment plan (442k he owes yep .. of which we lost 115k ourselves pushing his offers through pulse)
bbywyboy: (10:50:23 AM) why wouldn't the banks pay him?
thebiglasdf: (10:50:55 AM) because when he was running
thebiglasdf: (10:51:05 AM) 3-4 rebill guys came to him
thebiglasdf: (10:51:08 AM) to use his banking
thebiglasdf: (10:51:23 AM) guys that you used to work for or were associated to dee
thebiglasdf: (10:51:25 AM) previously
thebiglasdf: (10:51:37 AM) they had around 2million $
thebiglasdf: (10:51:39 AM) of rebills
thebiglasdf: (10:51:45 AM) that they passed through yep
thebiglasdf: (10:51:47 AM) err
thebiglasdf: (10:51:50 AM) through luiz
thebiglasdf: (10:51:51 AM) i mean
thebiglasdf: (10:51:55 AM) his banking
thebiglasdf: (10:52:12 AM) 1 of the guys, his system overbilled the customers
thebiglasdf: (10:52:20 AM) that created a red flag for the banks
thebiglasdf: (10:52:33 AM) which then told luiz they would not send out any money
bbywyboy: (10:52:57 AM) I used to work for?
thebiglasdf: (10:53:00 AM) he thought that he can make a quick buck with these guys and that that point have much better payment terms with us
thebiglasdf: (10:53:29 AM) thebiglasdf: (1:51:23 PM) guys that*used to work for or were associated to dee
thebiglasdf: (10:54:05 AM) instead his banking went down
bbywyboy: (10:55:27 AM) so, he's trying to come back
thebiglasdf: (10:56:07 AM) have you heard of the rebate model ?
bbywyboy: (10:56:15 AM) yeah, I know what it is
thebiglasdf: (10:56:31 AM) he's trying to set that up
thebiglasdf: (10:56:37 AM) since its cashflow positive
thebiglasdf: (10:56:42 AM) after just 3-4 days
thebiglasdf: (10:57:07 AM) prepayments for new traffic + a weekly payment plan on what is owed
bbywyboy: (10:57:48 AM) so, the bank only holds money for a period of time, not forever
thebiglasdf: (11:00:14 AM) yeah, he is waiting
thebiglasdf: (11:00:39 AM) but he has no clue when he will get it, every week he tells me "this week we are resuming 100%"
thebiglasdf: (11:00:54 AM) and nothing happens
bbywyboy: (11:01:41 AM) so, are you planning to ever pay?
thebiglasdf: (11:02:45 AM) i don't want to lose any relationships over this
thebiglasdf: (11:02:49 AM) at the same time
thebiglasdf: (11:03:00 AM) i got hit badly
thebiglasdf: (11:03:09 AM) to the point we lost our main staff
thebiglasdf: (11:03:18 AM) i am back to doing affiliate management myself
thebiglasdf: (11:03:32 AM) i will recover
thebiglasdf: (11:03:36 AM) it will take a bit of time
thebiglasdf: (11:03:38 AM) but i will
thebiglasdf: (11:03:45 AM) i am working on deals
thebiglasdf: (11:03:49 AM) as we speak
bbywyboy: (11:04:11 AM) so paying affiliates just isn't on the priority list?
thebiglasdf: (11:04:37 AM) we can't right now
thebiglasdf: (11:04:39 AM) financially
thebiglasdf: (11:04:46 AM) i might as well bankrupt the company
thebiglasdf: (11:05:08 AM) we lost our 3 main guys not because i am driving a lamborghini and life is good
thebiglasdf: (11:05:14 AM) right now i need to recover
thebiglasdf: (11:05:22 AM) and get my company back in the green
thebiglasdf: (11:05:24 AM) and as i said
thebiglasdf: (11:05:32 AM) i am not losing relationships
thebiglasdf: (11:05:34 AM) over this
thebiglasdf: (11:05:43 AM) just an fyi
thebiglasdf: (11:05:46 AM) there is a bizop
thebiglasdf: (11:05:50 AM) that pays daily
thebiglasdf: (11:05:53 AM) and is super aggressive

And he acts like he's doing me a favor to tell me about this biz opp to run directly, and later, I find out he makes a commission on the backend for each sale...he ought to be forwarding that commission to us.
 
Goes way deeper then those 3 networks. He owes some others 3+ million for over 2 years. He's a crook and takes credit where he can knowing he won't pay. Lives in Brazil so pretty much untouchable. No one will get paid by him. And from what it sounds like Yep isn't going to pay if they don't get paid.
 
im owed $8k by that faggot ass Elias.. cant wait to see him at one of these shows so I can give him the $8,000 ass beating he deserves
 
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ricdes said:
yeah. obviously he had to let go ryan. Ryan was the guy who brought the advertiser on in the first place.
Click to expand...

Really? Didnt he work for Nate when Luiz burned adsdirect? How did he not know it was going to happen to Yep too?

i think if you read between the lines greed got all of them, everyone knew Luis doesnt pay. Between him and the everbright, alpine white guys (Supposedly they are all connected) they must owe 10 million to networks, or pubs.

Luis doest have processing because he NEVER shipped product. Its a complete scam, the banks catch on within 4 weeks, and Luis and his crew run with what they can and leave the network holding a debt.
 
More of a reason to join reliable and dependent networks. Even though thread like this pops up every now and then, people still join shady networks and expect to get paid.
 
Seems like the equivalent of taking out a 2'nd mortgage on your house and going to the craps table when you extend so much credit that you can't maintain your staff when a deal goes south and you don't get paid.

As affiliates we need to start running credit checks more. Unreal.

Sorry to those who were burned, I think I'm owed like $150. lol Something smelled wrong from the get go to me.
 
More of a reason to join reliable and dependent networks. Even though thread like this pops up every now and then, people still join shady networks and expect to get paid.
Click to expand...

thing is a year or so ago a lot of peeps here thought the sun shined out of elias's ass and he was a reliable network.
C2M was small once, so was A4D, EWA and others.
 
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