RapidGator.net To Close? UPDATE -Sold
They posted this info to Promote themselves on some sites in Dec 2011;
Quote:
RapidGator.net - monetizing your content from A to Z! http://i.wjunction.com/buttons/reputation.gif
Good day to all network workaholics!
I am glad to present you RapidGator.net - an effective tool to monetize your content.
Here is some main points, that can interest you:
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Geography:
File sharing service is new, well-developed and little-known, covers a large number of countries (57, - list) and this means, that you have a new wide market.
RapidGator accepts PayPal, Webmoney, SMS-payments, and it makes the opportunity to purchase premium accounts and additional services very user friendly.
Profit:
We offer two forms of cooperation to all partners:
1) Pay per download rate:
Table of deductions can be viewed at this link
2) Standart rate (PPS):
No limits, you will receive 65% of the premium account cost, and 65% of its subsequent rebills
(65%/65% rate)
-=or=-
(70%/40% alternative rate)
Site owners receive 15% of the premium account cost.
Referal-owners will receive 20% of the refferal's profit.
For affiliates with big ammount of traffic, we can always discuss the individual rates.
Payouts are weekly for the previous week. Settlement Day - Thursday, minimum salary - 15 $ (PayPal, Webmoney).
Most popular ways to upload files - the web, via FTP, remote upload, are availiable for partners.
History:
We reviewed policies of the RapidGator, and have invested serious money in the current system, fixing many bugs. Noticed that no one knows how to do better service than the users themselves, because of that in the future file-sharing service will evolve according to your wishes, stepping into account market trends and social marketing as the most effective.
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As a starting shock to you, we offer a hundred of promotional premium accounts for first partners. This will help us test the system.
To get it, log in to your account and write a ticket with the request.
I will be happy to answer your questions on the forum, also you can always send your inquiries to our operational support by posting tickets in your personal account and by ICQ (551-112-028). We respond as quickly as possible during business hours (06:00-15:00 GMT, except Sunday)
Last edited by RapidGator.net; 25th Jan 2012 at 05:21 AM.
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END
Then on 24 Feb posted this;
Quote:
Originally Posted by RapidGator.net
Bad news. PayPal just informed us that our PayPal account is closed due to high risks of processing file sharing payments. This means that file sharing industry won't last no more. All of the funds are frozen and we will be able to send them to you in 6 months.
Seems that all new file sharing hosts will experience same fate like we and all other big hosts. We did our best to make it work, but unfortunatly this circumstances doesn't depend on us.
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When asked why the other File Hosts didnt have this problem and why they couldnt use alternatives to pay out all the money they owed, they replied;
Quote:
We can't pay via webmoney or others, all funds are on PayPal
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They then asked for the threads they started to be closed, which was done. Hmmmmmmm
Now an announcement has been made on 26th February, that they will close in one month;
RapidGator To Shut Down After PayPal Ban
Quote:
RapidGator, one of the file-hosting sites that grew exponentially following the Megaupload shutdown last month, has been banned by PayPal. As a result, the Russian-based site says it will close the service in a month. According to PayPal, the RapidGator account was closed due to the “high risks” associated with processing payments to file-sharing services.
http://torrentfreak.com/images/rapidgator.pngDuring the wake of the Megaupload raids in January, Torrent freak kept a close eye on the cyberlocker world.
While many file-hosters panicked, former Megaupload users hopped from site to site trying to find a suitable alternative.
RapidGator was such an alternative, and in recent weeks the site saw its traffic increase from a few hundred to over a hundred thousand visitors a day. However, this newly gained popularity may only be short-lived as the cyberlocker has just lost its most popular payment option, PayPal.
“PayPal just informed us that our PayPal account is closed due to the high risks of processing file sharing payments,” RapidGator announced.
PayPal has supposedly frozen the cyberlocker’s funds for 6 months and new users can no longer make payments through PayPal. It thats true, the ban probably means that “affiliates” can’t be paid through PayPal either.
It’s not exactly clear what “high risk” PayPal refers to, but one of the most likely options concerns the many chargebacks people carried out at other cyberlocker services recently. Many users asked for their money back from PayPal when other cyberlockers such as Fileserve temporarily disabled public sharing.
RapidGator believes that PayPal’s policy will affect other file-hosters as well.
“Seems that all new file sharing hosts will experience same fate like us and all other big hosts,” they write, adding that the site will close if nothing changes in the coming month.
“We did our best to make it work, but unfortunately this circumstance doesn’t depend on us. We will run the host for a month, and if nothing will change, we will close it after,” the RapidGator team concludes.
While more cyberlockers may fall victim to the same fate in the future, for now many of the largest sites including 4Shared are still accepting PayPal payments.
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So why are many other smaller and also large already established sites, still paying out using Paypal without problem, and why is it that only Rapidgator, Extabit, Uploaded.to (ul.to) and some other Russian File Hosts are having these "problems" with Paypal :dunno:
Just a coincidence do you guys think?
In one of my very first posts on Filehosts, I wrote this recommendation about using Rapidgator
rapidgator.net: Virgin Islands/Britain- NO (NOT SAFE, ties to the US)
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