My Advertising Pays has pulled out of the USA market. It is officially stated in the My Advertising Pays (commonly abbreviated as MAPs) company update site on 15 October 2015. It was a rather discreet announcement that was made with the announcement of MAP 2.0. If this information is new to you and you are in MAPs, please read on for more details.
If you are thinking of joining, please don’t. You can read my previous review of My Advertising Pays which explains why I did not recommend putting money into the program.
It Started With The My Advertising Pays Calculator
When I reviewed My Advertising Pays in September last year, I argued that it was already too late to put money into MAPs and hoping you can make money with it. Off course, it mostly fell on deaf ears and most people who bought credits packs in My Advertising Pays would rather believe the nice payout that was painted by the My Advertising Pays Calculator.
Fundamental Flaw in the My Advertising Pays Calculator
The My Advertising Pays calculator is basically an Excel spreadsheet that affiliates promoting MAPs was using to show the compound interest benefit of continually investing in credit packs. Many people spent thousands of dollars hoping to reap the interest benefits.
However, while you can’t fault the maths of compound interest, the assumption or trust that MAPs will definitely pay back about 2 percent per day and everyday on your invested credit pack if you participate in their traffic exchange was sorely misplaced.
It is clearly stated that you are buying ad traffic package not a revenue sharing pack. The revenue sharing that comes from your participation in the traffic exchange is a feature. A feature meaning it can be taken away if the company decides to do so. This means that My Advertising Pays was never obligated to pay back anything on your invested credit packs.
Also, the company does not disclose anything about how much the ad revenue is being shared back to credit packs. Basically, the payback is solely the discretion of My Advertising Pays. So 2% today, 1% tomorrow, how about 0.001% next week.
Think of it as a game played between you and MAPs. You put in $1000 in credit packs, they give you back $50. You “reinvest” back by buying 1 credit pack. They give you back another $100, you “reinvest” back by buying 2 credit packs. I know you are thinking compound interest but really, who has more of your money at any given time? Who is bearing all the risk?
And Now, My Advertising Pays is pulling out of the USA Market…
It has always been their turf, their game rules situation.
Even if USA members feel they are being unfairly treated, My Advertising Pays already have their legal counsel to ensure their pulling out of America will have no legal implication.
Basically, you are getting screwed one way or the other.
How does this affect USA members who bought credit packs in My Advertising Pays?
Firstly, you can no longer buy any new credit packs if you are registered as living in USA.
The good news. Americans who bought credit packs via a payment processor 30 days before the 15 October 2015 announcement can request for a refund.
Not so good news, MAPs has offered lump sum settlement option for American members on their outstanding credit packs (option valid till 30 October 2015). The amount is roughly 1/3 to 1/4 of what you might expect if your credit packs were to mature.
The alternative of non settlement (not recommended) will be to let credit packs slowly pay off over time. The MAPs statement estimated roughly 6 months for that to happen. However, I am thinking 2 years or never is more likely as the US profit sharing is now separated to solely reflect the US ad revenue market only. Since there is no more buying of credit packs for Americans, I really wonder where the payoff will come from.
As I look through the company updates, there were little hints about the intended withdrew from the American market. The reason about decline market is definitely dubious since US is the second largest traffic source for MAPs.
International members can feel safe? Well if they can do the same for to American members, they can definitely repeat the same feat with any nationality. Just watch out for MAP 2.0.