FirstComeFirstSurf: Transition from e-gold
July 3, 2007
Site: [Firstcomefirstsurf.com]
Dear Members,
E-gold Migration:
We are now prepared to move to phase two of our transition from e-gold. Initially, this was our sole payment processor for the program but we later decided to add more options based on popular demand and other important factors. We have continued accepting e-gold for purchases and payouts throughout the life of the program even though we wanted to move away from it sooner. Don’t worry, this transition phase will not be immediate and all members will have plenty of time to make final e-gold ad pack purchases and request rebate payments for all e-gold related transactions. Schedule of payments will not be affected at all.
Let me take a moment to explain the highlights of why it is necessary for us to move away from e-gold at this time:
1. Daily e-gold value fluctuations and volatility: We launched the program when gold was nearly $700.00 USD an ounce and the value has been fluctuating towards a downward trend ever since. This has caused the need to generate additional unplanned revenue in order to keep our program inline with our earnings schedule. This unpredictable factor alone can cause a strain on any program and has done so in the past with some of the largest programs in history during mid-2006. We know history can repeat itself so we must take proactive measures to prevent daily e-gold value fluctuations from having any effect on our program.
2. Moving funds in and out of e-gold: In order to sustain our business model, it is necessary to actively move funds in and out of our all our payment processors. The process of moving funds back and forth from e-gold has become more complicated and expensive due to many major e-gold exchangers suspending e-gold out-exchanges and/or shutting down overnight with people’s funds. Luckily, our funds were never caught up in any “bad deals” but this is yet another risk we need to prevent. There are always fees involved when moving e-gold, roughly 3% - 4% each way, this is an extra 6% - 8% the program has to come up with to fulfill it’s obligations.
3. Arbitrary account freezing & poor customer service: We have been hearing about more and more situations where e-gold is freezing and/or blocking user accounts without any apparent reason. When other program Admins or normal members have attempted to correct this situation, e-gold’s customer service was simply unresponsive and unwilling to work with them to release funds. Although all contact information on our e-gold accounts is valid and matches our corporate documents and we have not been involved in any type of fraudulent activity, this is yet another risk we cannot take when member money is involved. Imagine what would happen if e-gold decided to freeze our accounts or yours.
These are the main most important reasons we need to start moving away from e-gold. Please take note of the important dates below:
The final day we will accept e-gold purchases is Thursday, July 5, 2007
The final day we will honor e-gold cash out requests will be Friday, July 27, 2007
These time frames will give e-gold members plenty of time to completely cash out their earnings to this processor. Please note: Members will still need to request cash out on Fridays as normal. Members using only AlertPay or SolidTrustPay will not be affected by the migration in any way.
Escape Surf launching soon:
We are proud to announce that we have secured our very first deal for hosting a new program that will be launching this week. Escape!! - Your Advertising Program. David Estes is the Admin of Escape and we have been in working with him over the past few weeks to get his sit
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July 3rd, 2007 at 9:03 am
Hi Carlos,
I am not in Firstcomefirstsurf (the name scares me away because I don’t like “racing”!) but I applaud this admin for being honest and handle things in a proactive way. No famous e-gold excuses!! And I see his points.
I hope more surf sites would use e-bullion if they don’t want to deal with e-gold. (Halloooooo, can more admins read this?)
JMV
July 3rd, 2007 at 9:29 am
I totally agree with you this update is really in a professional way not like the “always excuses” that we saw everyday in this industry.
E-Bullion at the moment is the best choice in this industry.
July 3rd, 2007 at 9:32 am
every admin should make what this admin do it gives time to their members to cashout their egold and they will decide if using other payment processor
July 3rd, 2007 at 9:34 am
“3. Arbitrary account freezing & poor customer service: We have been hearing about more and more situations where e-gold is freezing and/or blocking user accounts without any apparent reason. When other program Admins or normal members have attempted to correct this situation, e-gold’s customer service was simply unresponsive and unwilling to work with them to release funds. Although all contact information on our e-gold accounts is valid and matches our corporate documents and we have not been involved in any type of fraudulent activity, this is yet another risk we cannot take when member money is involved. Imagine what would happen if e-gold decided to freeze our accounts or yours.”
my account was blocked because of nothing
July 3rd, 2007 at 9:36 am
anyone knows a good autosurf that accepts ebullion?
July 3rd, 2007 at 9:37 am
jodeperez: as a new member in e-bullion, etalkmoney is now receiving as advertising payment option e-bullion but at the moment no advertisers with e-bullion
so still can’t test other autosurf programs with e-bullion. I will be searching and letting you know
July 3rd, 2007 at 9:37 am
thanks money
July 3rd, 2007 at 9:39 am
you are lucky admin because of point 2 I have lost $600 because “bad deals”
July 3rd, 2007 at 4:13 pm
i will stop using fcfs because not thinking to move to any other payment processor don’t have any cent and not thinking to fund my account again with a payment processor over the net too much lost in the past months
July 3rd, 2007 at 5:08 pm
Hi Richard,
I agree. For the same reason, I did not upgrade again in EliteAdShare after they took out e-gold.
By the way, I wonder what Jake’s (of ASA) agenda was when a few weeks ago he spread the rumor urgently telling people to take e-gold out and put it all in AlertPay. Why is he so attached to AlertPay? He also promotes certain debit cards, which turned sour in most cases. People have lost a lot of money in PP and debit cards unnecessarily.
Then he heavily promotes Planet Trust and EliteAdShare. As the owner of a monitoring site, Jake should stay neutral with no preference to any surf sites and should not mislead readers.
Am I missing something here?
JMV
July 3rd, 2007 at 5:17 pm
oh no one knew that jake from asa is a scammer as well? and also just promote who pay him more than other autosurf? no one knew that they black market the autosurf industry with his stupid face in their videos? oh no one knew that he has multiple personalities when he acts like another admin? and the list goes on…
July 3rd, 2007 at 5:18 pm
jake is just another a..h.. scammer the biggest one
July 3rd, 2007 at 5:19 pm
cooper every autosurf monitor should be neutral but jake is the scammer itself
July 3rd, 2007 at 5:21 pm
i would like to see jake how he can defend himself after he promote heavily those scammers anyone remember an autosurf dollar something that jake invited to his video? no one knew what he said after onedollar closed?
July 3rd, 2007 at 5:22 pm
how is everyone here?
i would like to say that fcfs is one of the best admin at the moment and about jake what his members says? why he has so much popularity when he scam his own members
July 3rd, 2007 at 7:32 pm
I cannot say that Jake is a scammer. But the way he promoted Planet Trust and AlertPay was kind of peculiar.
I remember something like this came right from his mouth, “Folks, this is huge folks….. everyone in my family, my aunt ….. (it sounded like including his relatives, friends and neighbors) invest heavily in Planet Trust…. Folks! This is going to be real big…… I tell you folks ……….”
I would never say something like this because the responsibility is just too enormous for me to carry and Jake should know better about this autosurf industry ….…
JMV
July 4th, 2007 at 11:19 pm
Hi guys, let me just let you know my point of view as an Autosurf/HYIP monitor admin.
I think the monitor itself is unbiased by nature, I mean the script is unbiased since I will not fake a vote, nor be voting like crazy for a particular site…LOL, BUT I can choose what site I support, I would never say: “join this site” or “put your money here” but really I think my support for a particular site shouldn’t affect the way members or newcomers look at the voting indicators…just my point of view and talking about my particular case.
About FCFS, is a great site, with an excellent admin, I like it alot
July 4th, 2007 at 11:27 pm
Thanks Moboking for your input