Thursday, July 30, 2009

Somethings You Need To Know About Pyrabang

There's no way I would've known this if I didn't experiement with Pyrabang network even though I've read the FAQ page a few times already. For me some things sticks to my head when I actually do things rather than just reading it and it helps me understand things better.

Here are a few things that I learned about Pyrabang.

1. When you transfer money from your Paypal account to your Pyrabang account, you will lose money. When I transferred $20 bucks from my Paypal account, I noticed that it only showed $18.89 which means they deducted $1.11 as processing fee which to me it doesn't makes sense at first.

When I asked the admin about it, it made perfect sense because that processing fee will be paid to Paypal when you request a widrawal when your money is deposited back to Paypal. So basically what it means is the members will be the one paying for the handling fees each time you transfer money to and from your Paypal account.

As you or may not know, Paypal 'Does Not' charge for sending money.

2. When you post your own news or videos items, you will lose bangs and when you cash in your profits or bangs, you will lose some bangs also which comes to like 10 % commissions.

When I did my first post, I started with 10 bangs but when I checked my porfolio my post only showed 8 bangs or 808 impressiongs. So if people only click on your post, you will earn bangs, if someone invest in your post, you will earn more bangs.

You can leave your post in the Pyrabang network until it runs out of impressions then cash out and then start all over again or you can invest in 20 posts and once you have earned a profit of 500 bangs on each post, you can cash out which comes to around $10 bucks.

I will keep you posted.

Paul Penafiel


1 comment:

Anonymous said...

actually paypal charges for mass payments - and does not charge the receiver. You know this you just don't want to tell your readers.

When you use "send money" to make a manual payment - which is what Rod is referring to or "paul" is when paypal does not charge. This is not what paypal automated system uses.