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.
Yazing has been great. They came through on the Motley Fool promotion and I know the amount of effort they put in there, so if they want to make a buck, I have no problem with that. 10% is nothing.
Wtf just started using them a week ago. Guess ill cash out my $40 and find another one
Do these people own movie pass,too?
Bummer.
Simplybestcoupons stiffed me out of deserved cashback when the GC.com rates dropped last year – paying out the lower rate when order was placed while a higher rate was in effect – so I went to Yazing. They have been great. Paying quickly and attentive customer support.
But GC.com rates at 0.9% and having to do mental math to figure out the best rate for other sites – I think other portals will end up getting my business just because of the friction.
did yazing every give cashback for buying electronics items using ebay daily deals? i assumed they did but my cashback never showed up. ebates gives 1 or 2 % and yazing always advertised significantly more
I don’t know- the dude’s gotta eat, right? This seems like a pretty small tax that shouldn’t change many of our habits.
And won’t most of our purchases be paid out by March? We don’t have an exact date, so maybe it’s 45 days from the email?
Depends where you are ordering from. I have payouts still waiting from November 2018. Depends a lot on the retailer when they go payable. So if you are using those vendors you may have months of cashback impacted by this change.
Now the decision where to move the 1% purchases. Mr. Rebates vs Ebates vs TopCashBack? Which one is the fastest of the 3? Yazing usually delivered the following month.
As you can see in some of the other posts here, TCB doesn’t track well and then denies claims for the missing cash back. I don’t have experience with Mr. Rebates, but Ebates has always been good to me. I have issues with their site tracking correctly(especially with my car rentals), but their customer service is good and they are quick to credit my account once I provide the receipt.
I stopped using Yazing when they no longer paid out for Giftcard.com visa cards.
I don’t know for sure, but I’d guess that they only stopped because giftcards.com presumably stopped paying referral fees to Yazing on VGC orders. The money has to come from somewhere, and Yazing’s own pockets are evidently quite shallow.
That had nothing to do with Yazing and everything to do with Blackhawk who is always seemingly tweaking CB to see just how much we are willing to pay.
when did they stop paying on Visa? are they not currently paying for Visa?
Why not just lower rates by 10% rather than taking away 10% of what people will earn and have already earned. The latter especially seems very unethical. I suspect that many users are people that do high volume MS via GCM, Giftcards.com, are awaiting payment and Yazing is looking to capitalize on that. That’s very shady and I will not use them anymore for that reason.
I would be fine with them just lowering their rates by 10% and would still use them if that was what they had done, but advertising a higher rate and then taking back a percentage is a practice I won’t support.