New ClickBank Clone - MyCashJunction

It seems that the owners of StormPay were not happy enough with only owning StormPay and have started a new service.

From an e-mail I received this morning:

Looking to make some money on the Internet? Take a minute to check out My Cash Junction ( www.mycashjunction.com ). My Cash Junction offers an interface where affiliates can register for FREE and promote any of My Cash Junction’s products. Commissions are set by the software publishers and are set anywhere from 10 - 80% of the selling price. Earn great commissions offering My Cash Junction products. Free to get started!

Publishers - tired of paying high fees to publish your digital products at Clickbank? My Cash Junction allows you to register your products for FREE! My Cash Junction will host your product, sell your product, bring affiliates to promote your product, and even host the download to prevent illegal accesses of your digital software. Forget the high prices of other digital product resellers. Save time and money by registering your digital products for free at www.mycashjunction.com

I am sure that there will be quite a few affiliates who think this is a great opportunity.  Me?  I’d rather pay the fees that ClickBank has.  Why?

If you’ll do a search on the internet regarding stormpay, you’ll find quite a list of problems including canceling your account when you do a chargeback, poor customer service, etc.  The one that I find the most humorous is that you need to validate your account so that StormPay will let people know you’re legit.

Now, PayPal does this by simply putting a few cents in your bank account.  Then you tell them how much it was a few days later.  Quite simple.

StormPay, on the other hand, refers you to a service called NetIBA.  In and of itself it sounds pretty good.  The downside is that NetIBA is owned by the same person as StormPay is.  Not only that but NetIBA doesn’t even verify your identity.  You just pay them the $19.95 and you’re validated.  It’s a scam in my opinion.

Do your due diligence but I expect there to be some serious problems with this service just as there are problems with StormPay.

G-Man