Published on February 9th, 2019 | by Chuck35
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.