Cash Based Promotion Forum

[Bizarrio]

I am thinking of launching a cash based promotion forum, where there will be no forum currency. Everything will be cash based.

In other words, people will be able to order posting packages or website reviews by paying cash.

Do you think it is a good idea? Or do you think I should use forum currency?

 

[Ziveeman]

You are going to run into a lot of disputes of people not paying, people not getting their money's worth, fraud, etc. Might be a bit more trouble than it's worth.

 

[Cosmic]

You are going to run into a lot of disputes of people not paying, people not getting their money's worth, fraud, etc. Might be a bit more trouble than it's worth.

If the forum itself handled the payments between users, I think you could avoid most of these issues.

One problem is that a lot of forum admins just don't have that much cash. I'd use the forum myself, though. 🙂

 

[Ziveeman]

You are going to run into a lot of disputes of people not paying, people not getting their money's worth, fraud, etc. Might be a bit more trouble than it's worth.

If the forum itself handled the payments between users, I think you could avoid most of these issues.

One problem is that a lot of forum admins just don't have that much cash. I'd use the forum myself, though. 🙂

So how does a forum verify that user X made Y posts on Z forum? Say you and I make a deal for me to make X posts on your forum. I make the posts and you refuse to pay (for whatever reason, you never come back to the site or you don't think my posts are good). How does the forum handle that kind of situation?

Forum cash IMO is a lot easier and also less risky since you're not dealing with real money.

 

[Cierra]

I don't think it's a good idea. For one, the whole fraud issue above, and especially if the forum was to grow big you would have a hard time handling all those disputes. Secondly, some people wouldn't want to pay real cash when they can find literally hundreds of other promotion forums that require no real money. What advantage would your forum (with real cash) have over, say, Forum Promotion? I know for myself I wouldn't be willing to pay any cash.

 

[Scarface]

Real cash usually puts people off! even forum promotion If I want posting services, I look at repution of users, whereas the forumcash it doesnt really matter. Offer both would be better option.

 

[wordsmatter2me]

Real cash gives the owner a reason to close for lack of funds and fraud.
Having contests that pay in Cash would help mange the site and funds.

 

[Lord Saru]

You could pin down your disputes bar if you actually perform these exchanges using a set of certified staff which is really hard to find these days. But in the event of your forum growing large, it might not be possible for you to fulfill the aims of your forum because there would be a lot of requests and you will find yourselves running for staff and time.

There is no reason to see these messages as discouraging, because they only represent individual opinion. If you think you can take up the challenge and show that these are worth defying, then all the best. Remember, the challenges that you take up today are the missions that you will accomplish tomorrow.

 

[Bizarrio]

Here are my strategies:

1) All buyers will have to pay first. When they pay, they must write in the Paypal notes that they understand that there is no refund policy.

2) All staffs in my promotion forum will get a share of the revenue. So let's say, if a packager gets an order worth $5, that packager will get $4.50 out of that $5.

3) Member to member exchange will not be allowed to avoid controversies.