Entrecard no longer for sale: But Be Aware of Added Rules :)

Posted 4:29 AM by Mezhal Ulao in Labels:
***Graham's answers below (updated - Oct 1, 2008)
Entrecard is no longer for sale which is good news for all of us Yayyy! but take note of the additional rules below and please read carefully as you may be violating the terms of agreement and wouldnt want to risk another deletion sigh hehehe.

In order to continue operating in the long-term, Entrecard needs make some significant changes. These are summarized below:

  1. Buy credits for less: Entrecard is now selling 1,000 credits for $6.00.
  2. More pricing increments: Instead of prices doubling every time, there are now a few more steps. The new price points can be found on the Advertising page in the wiki.
  3. Members are not allowed to sell credits: This goes for ebay sales, posts in the Marketing forum, and posts on other forums. If you have references on your site to the sale of credits, please remove them immediately, as it is now against our terms.
  4. Credit transfer limits: Members are allowed to make a maximum of 14 credit transfers a week, up to a maximum of 1,000 credits, whichever comes first. This means you can still run contests where you give credits away for free, and under 1k per week. Note: This does not affect linked blogs, you can transfer unlimited credits between linked blogs.
  5. Transfer tax: From now on, all transfers, including transfers made with our new payments API, will be taxed at a rate of 12.5%. The taxed credits will be sold to members (see #1).
  6. Blogs cannot be unlinked: Once you link a blog, it’s there for good unless you ask us to delete the blog from your account. This prevents linking/unlinking to get around the credit transfer limits, and it also stops you losing access to a blog if you unlink it in error, which happens a lot.
  7. No more coupons: You are no longer allowed to send coupons.
  8. Shop closed: Except for Entrecard upgrades (Featured Status, Fast Pass) the Entrecard Shop is now offline until further notice. Please do not request a seller token until the shop returns. When it comes back, it will be bigger and better. We’ll communicate more details nearer the time.
To read more on this simply click on the link here: New Entrecard rules

***Here are some Updates and responses that Graham has made:

Graham Says:
One thing at a time. We do hope to soon be able to provide selling EC from the dashboard, in a real supply and demand market, but we need to move towards it with a sustainable model first. This is the first step.

Please understand that our long term goals are a healthy economy with a middle class. That means we want you actually making money off your credits. but, at the same time, we need to figure out effective ways to thwart the credit farmers out there.

Naturally, this should help with the splog/credit farm problem, because there is no longer a financial incentive to farm credits. once we roll out the free market exchange for credits, that incentive will be there again, and we need to figure creative ways to curb credit farmers and gamers. it is our long term goal, but we need to do it right.

as for daily drops, we may lower it, we may keep it the same. I’m in favor of lowering it but I need more input from people.

EntreBlast - So Graham, how can one achieve this ‘elevated status’? I just finished off a 37,000 EC contest and I’m planning to do another one, and more after that as long as I’m here.

Graham Says:
We’re working towards a method of sanctioning contests and will update everyone on the blog once its ready.

It will involve some sort of inspection, to see where your credits came from, some sort of planning so we know the exact day you’re giving them away, some sort of accountability -that you’ve been active in the community and we know who you are vs. someone who just shows up today with a million credits suspiciously and wants to hold a “contest”

So once we have some firm ground rules in place, the huge contests can continue because we do not want to see the contest culture of Entrecard die!

We'll update this continually once more input and data has been obtained but for now hope this helps a lot of us with similar questions as to where is Entrecard going with all this and the question of those with huge contests.

Help end world hunger

24 comment(s) to... “Entrecard no longer for sale: But Be Aware of Added Rules :)”

24 comments:

bloggista said...

Mthafka - sorry for that nasty word - but these guys are getting totally insane! And soooo stupid.

Entrecard is killing itself. So EC is controlling the marketplace - it sucks! Its sick. :-) Although I havent tried selling EC but I don't think its a smart move. I still got more than 10K of EC credits - I am going to give those away real quick...



Mariuca said...

Wow, thanks for the heads up Metz! Am removing my button right now!!!!



Mariuca said...

Hmmmm under 1k per week? And there's a transfer tax too??? Oh that's not good, what's with the tax???? :(



LadyJava said...

Thanks for the heads up Metz.. will remove my button as well.. transfer tax eh.. what am i gonna use my EC credits now for??



Nick Phillips said...

I didn't even know EntreCard was for sale. Thanks for dropping by my blog and leaving comments :D



Empty Streets said...

Hi Guys,

Yahh I know it is a bit of a nasty move for EC and not able to use it for prizes. The only other alternatives is to use a collaborative for the ec credits in contests. I still have my fingers crossed :)



Empty Streets said...

HI Nick,

Your always welcome :) Like I said am constantly dropping by daily to check out what's new :)



Emila Yusof said...

Oh my!! This new rules will totally effect my dolly business! Thank you for the info, Metz! You're fast!



Empty Streets said...

Aww your welcome Emila anything i can do to help out.



EastCoastLife said...

Oh, more rules. I have to figure out what to do with my Entrecard credits, I have too many. :)



Empty Streets said...

Hi ECL,

Yah hehe that is the same issue that we all have, even B has over 10k imagine for the rest of us dedicated droppers :)



bonoriau said...

Metz thanks for the info..I'm still analyzing the pro and contras.

@Emila don't worry people willing to pay real dollar for GREAT job.



Empty Streets said...

Hi Bono,

I would love to see your analysis on this take it is something am looking forward to. and yes emila you have nothing to worry about many people are willing to pay with real dollars the talented artistry you have there :)



Kim said...

thanks for this summary Metz..
I have had to change the prize for my TAD competition..yikes as if I didn't have enough on my plate!!!
tax...eek...



LEon said...

These new rules in immediately effect or is there a time line? It is not fair for them not giving any time right? I have yet to use the EC to give away as prizes as I'm pretty new to EC. I guess the only way to use it is to advertise on other blog...



Jean Chia aka Ms.Yummy~licious said...

hi metz! thanks for the updates. :)

Selamat Hari Raya! :)



Empty Streets said...

Hi Kim, Yah it has affected a lot of schemes especially those that have actively been running contests and the like. Hope things iron out or at least a reconsideration of some of the rules be made.

Leon i feel yah. It has been quite a surprise but in the long run at least it is easier to visit other sites and advertise. let's see what else is in-store for the future of entrecard

Jean happy eid :) your always welcome honey :) will be zipping to your streets today :)



Mizé said...

Hi. Thanks for the updates.
I just hope they find a way bloggers can convert credits. I think Entrecard Community is great so I´ll stick around anyway.
Cheers.



EastCoastLife said...

I can only use them to advertise on other blogs. I have amassed over 130K! :P



Empty Streets said...

Hi Mize,

Yup I Agree fully with you on that. I guess that is why he partnered up with an ad firm though even that still has people questioning him left and right. However overall at least we still have the traffic and ads power :)



Empty Streets said...

Hi ECL,

OMG wow that is a wicked amount of credits hehehe, sigh is all i can say now that we can't sell ec credits for cash but with a new ad partnership with OIO things may look better on the bright side but then maybe not :) let's all cross our fingers and see. :)



Bombchell said...

wow entrecard is becoming such a strict parent. not like i care cuz no one ever gives me credits lol nor do i have any to sell



Empty Streets said...

Hi Bombchell,

:) hehehe I love the poetry going on there. but you are right it's like a communist country where all that matters is what the boss says :)



Bombchell said...

lol they're going google on us.



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