Posted by Chuck on February 9, 2019
Deals

Published on February 9th, 2019 | by Chuck

35

Yazing will Add 10% Processing Fee starting in March

The Yazing shopping portal sent out an email today indicating that beginning in March all payments will get a 10% payment fee tacked on.

Dear Valued Yazing Members,

Our goal with Yazing is to continue to grow and build a solid and health business that creates opportunities for every individual to generate extra income by recommending money saving deals from the top online brands.

Our original idea was that we could pass 100% of the commissions back to our members and earn commissions on the non-referred transactions that come in through our deal pages.  Our theory is that as more and more of our members post their brand referral links on their blogs, social media accounts and forums to make money that this activity will generate more non-referred transactions through higher rankings of our deal pages in the search engines.

While we still believe in this model, we have not seen the volume of shared links that we were expecting and need to start charging a small payment processing and services fee.  Starting in March of 2019, we will begin charging a small 10% fee on all payments.  We hope you will agree that this is a small and fair amount.

As our members continue to use the influencer and affiliate aspects of Yazing to make money via online recommendations, we expect that our non-referred transactions will grow and that we will be in a position to re-evaluate the necessity of this fee in the future.

Thank you for your understanding and continued support of Yazing.

As I understand, this means is that going forward, when comparing shopping portal rates, just deduct 10% off the top of Yazing’s rates to get the true value. For example, if you see Topcashback offering 15% at Ebags and Yazing offering the 16%, consider the Yazing rate as if it were 14.4%.

Personally, I dislike how they are setting up the system. To me, I’d rather straight upfront rate. It’s totally understandable if they can’t run without taking part of the commission (most shopping portals take part), but they can just make the rate upfront 10% less. Anyway, it’s not a real significant different, just some mental math you have to do each time you check their rates.

The bigger issue is what a reader was told by Yazing that the fee will apply even to cashback earned prior to the email being sent out so you’ll definitely want to cash out whatever you can before March. For cashback not payable before March, you’ll be forced to just swallow the fee.

Thanks to all the readers who sent this in.



35
Leave a Reply

avatar
 

  Subscribe  
newest oldest most voted
Notify of
Kevin
Kevin

Im cool with that. Yazing is very reliable.

Mike L
Mike L

Shady business practices. The only reason they are not lowering the cashback percentage by 10% is so they can continue to advertise the higher rate. It’s just like hotels advertising a lower rate and charging a resort fee.

Billy Bob
Billy Bob

Nailed it. It’s slight of hand.

Phill
Phill

Money is money….may the highest portal rate always win! I must agree with Kevin and Mike L though…Yazing has been very reliable with more than decent rates if you were paying attention but I also see this as a bit of shade under their fire.

nate
nate

can they legally do make you swallow the fee for already earned but not paid CB?

Stan
Stan

okay i guess this will be the new normal.
we offer 20% cash back! asterisk minus 20% of that. or 50%. whatever.
bad! sad!

John
John

Charging a fee retroactively is usually a red flag for developing insolvency.

Philco
Philco

Yazing has been great but the retroactive change on cashback already earned is shady. At this point going forward I won’t use them because of that.

MSer
MSer

Completely scummy move to make it retroactive. It’s got to be illegal.

projectx
projectx

The 10% fee is bad enough, but the retroactive part of it is BS.

Ryan Thompson
Ryan Thompson

The resort fee of cashback portals. Will not support this practice.

Drivesabrowntruck
Drivesabrowntruck

If they truly are passing on 100%, why are most of their cash back %’s the same as profitable ones to most of the merchants I’m comparing.

Tectomoc
Tectomoc

I’d also be ok with this if it means only future purchases will be affected, though I wouldn’t be happy. If it affects any of the payouts on purchases I’ve already made I’ll probably avoid Yazing in the future.

vipul
vipul

Its clear why they are adding this fee rather than lowering rates: so that they can collect this fee even on past unpaid transactions. Highly unethical.

Davy
Davy

Just knew I could count on this the comments to this post for some good laughs. I really love the irony when this crowd starts lecturing about “ethics.”
Pot, kettle and all.

sonia
sonia

I don’t mind the fee too much. You just shouldn’t spring it up on us last min. Very disrespectful and shady. Cant wait to see the potential backlash they get in a few months.

Back to Top ↑