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Yeah i'm seriously worried about this... we're approaching 3 weeks of being late on payments. I rely on Mobclix for most of my income.
I've heard they're waiting on ad networks to pay up but I'm starting to feel like something bigger is the problem.
UGH.
Anyone here have experience with burst.ly ? Or have suggestions to other networks? Mobclix seems to be fighting the classic problem of paying on time yet again.
Yeah i'm seriously worried about this... we're approaching 3 weeks of being late on payments. I rely on Mobclix for most of my income.
I've heard they're waiting on ad networks to pay up but I'm starting to feel like something bigger is the problem.
UGH.
Anyone here have experience with burst.ly ? Or have suggestions to other networks? Mobclix seems to be fighting the classic problem of paying on time yet again.
I'm pushing as hard as I can. We're having reconciliation issues with the networks and we can't pay until we get the dollars. It's not a new problem, we were floating the difference in the past but the market has killed us on our increasing receivables:
I'm the first to admit this is a crummy excuse but any excuse is going to be crummy. I just want you to know the battles I'm fighting internally. It's coming, it's just late. -AL
I'm pushing as hard as I can. We're having reconciliation issues with the networks and we can't pay until we get the dollars. It's not a new problem, we were floating the difference in the past but the market has killed us on our increasing receivables:
...
I'm the first to admit this is a crummy excuse but any excuse is going to be crummy. I just want you to know the battles I'm fighting internally. It's coming, it's just late. -AL
It might also be nice to inform the developers about if they still have to pay a 10% or 8% advance payment fee, even if the money comes late.
I think there is no right to deduct the advance payment fee if the money is late 15 to 30 days ... or even more.
And a clear statement about a payment time frame should also be made.
Like "60 days after months end" or "90 days after months end".
A LOT of developers like myself really rely on the cash flow from the ads. If the money is not coming in, we need to find other cash resources OR remove Mobclix and add another ad network... :(
It might also be nice to inform the developers about if they still have to pay a 10% or 8% advance payment fee, even if the money comes late.
I think there is no right to deduct the advance payment fee if the money is late 15 to 30 days ... or even more.
And a clear statement about a payment time frame should also be made.
Like "60 days after months end" or "90 days after months end".
A LOT of developers like myself really rely on the cash flow from the ads. If the money is not coming in, we need to find other cash resources OR remove Mobclix and add another ad network... :(
Hi guys -
A lot of questions have been coming my way so I posted an open letter letting you guys know what's going on with the delays.
As for advanced payments, I agree you shouldn't be paying a fee for a service not rendered and we are not charging for advanced payments until we get things back to the advertised terms. But before you rush off and switch your terms, keep in mind you're locked in for 6 months and the fees will kick in when we get payments back on track.
I would like to re-iterate: this is not an indication of poor business health on the part of Velti/Mobclix. This is a reaction to a market demand from our investors about our growing receivables from the networks. They've demanded that we bring down that gap in coverage to continue investment in our company. The money is overdue but it will be paid in full. Analysts and our earnings agree that we're growing and our business is healthy and this is a growing pain.
But I can't say it's an easy growing pain. For those of you who've been around for some time you'll know that we've worked hard to get this under control and it's frustrating to be back at the same problem. But I can assure you, for as long as I'm here I'll be fighting for the return to net 90 and keeping you all abreast of our progress.
If you're uncomfortable with things, drop us a line. Retaining your trust is our #2 priority-- right after collecting from the networks. Please do let me know if you have questions: adam(at)mobclix.com
We are taking steps to address the payment concerns. The problem stems from the ad networks not paying us in a timely manner so that we can provide the funds to our publishers.
There is also a bug in the "Invoices" tab of the dashboard. May invoice is listed as "Paid" on may, 31th while it should be "Not Paid". Mobclix support says not to worry about that and that we'll get informations as soon as possible.
My revenue reporting seems to be up to date, it is showing fine.
There is also a bug in the "Invoices" tab of the dashboard. May invoice is listed as "Paid" on may, 31th while it should be "Not Paid". Mobclix support says not to worry about that and that we'll get informations as soon as possible.
My revenue reporting seems to be up to date, it is showing fine.
Invoices are posted for May, payments are going out as soon as we can clear the funds on collection. This week looks good for a big chunk of incoming receivable revenue.
Invoices are posted for May, payments are going out as soon as we can clear the funds on collection. This week looks good for a big chunk of incoming receivable revenue.
Adam L has resigned from Mobclix. I am looking into finding a new aggregation service to host ads on my apps. If anyone knows of a good, reliable company please let us know.
Adam L has resigned from Mobclix. I am looking into finding a new aggregation service to host ads on my apps. If anyone knows of a good, reliable company please let us know.
oh man... how did you know about this? emailed him?
chemistry
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I've heard they're waiting on ad networks to pay up but I'm starting to feel like something bigger is the problem.
UGH.
Anyone here have experience with burst.ly ? Or have suggestions to other networks? Mobclix seems to be fighting the classic problem of paying on time yet again.
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0 • Off Topic Insightful Disagree Dislike Like AwesomeI'm pushing as hard as I can. We're having reconciliation issues with the networks and we can't pay until we get the dollars. It's not a new problem, we were floating the difference in the past but the market has killed us on our increasing receivables:
Payments For May : Mobclix Support
Never Mind Facebook, Here's Velti - Seeking Alpha
Velti Off 26% on Q1 Metrics; ‘Growing Pains,’ Say Bulls - Tech Trader Daily - Barrons.com
I'm the first to admit this is a crummy excuse but any excuse is going to be crummy. I just want you to know the battles I'm fighting internally. It's coming, it's just late.
-AL
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0 • Off Topic Insightful Disagree Dislike Like Awesome- Spam
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0 • Off Topic Insightful Disagree Dislike Like Awesome-AL
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0 • Off Topic Insightful Disagree Dislike Like AwesomeI think there is no right to deduct the advance payment fee if the money is late 15 to 30 days ... or even more.
And a clear statement about a payment time frame should also be made.
Like "60 days after months end" or "90 days after months end".
A LOT of developers like myself really rely on the cash flow from the ads.
If the money is not coming in, we need to find other cash resources OR remove Mobclix and add another ad network... :(
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0 • Off Topic Insightful Disagree Dislike Like Awesomebut, if payment is late........... hmmmmm........................
have u guys received it as of today?
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0 • Off Topic Insightful Disagree Dislike Like Awesomebut yeah, they are the best paying ad service for indie devs IMO
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0 • Off Topic Insightful Disagree Dislike Like AwesomeA lot of questions have been coming my way so I posted an open letter letting you guys know what's going on with the delays.
As for advanced payments, I agree you shouldn't be paying a fee for a service not rendered and we are not charging for advanced payments until we get things back to the advertised terms. But before you rush off and switch your terms, keep in mind you're locked in for 6 months and the fees will kick in when we get payments back on track.
I would like to re-iterate: this is not an indication of poor business health on the part of Velti/Mobclix. This is a reaction to a market demand from our investors about our growing receivables from the networks. They've demanded that we bring down that gap in coverage to continue investment in our company. The money is overdue but it will be paid in full. Analysts and our earnings agree that we're growing and our business is healthy and this is a growing pain.
But I can't say it's an easy growing pain. For those of you who've been around for some time you'll know that we've worked hard to get this under control and it's frustrating to be back at the same problem. But I can assure you, for as long as I'm here I'll be fighting for the return to net 90 and keeping you all abreast of our progress.
If you're uncomfortable with things, drop us a line. Retaining your trust is our #2 priority-- right after collecting from the networks. Please do let me know if you have questions: adam(at)mobclix.com
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0 • Off Topic Insightful Disagree Dislike Like AwesomeWe are taking steps to address the payment concerns. The problem stems from the ad networks not paying us in a timely manner so that we can provide the funds to our publishers.
This posting provides additional information:
Update: Payment Delay : Mobclix Support
We'll update the developer dashboard as soon as we have additional information.
Thanks
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0 • Off Topic Insightful Disagree Dislike Like AwesomeYesterday I was still seeing the latest revenue....
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0 • Off Topic Insightful Disagree Dislike Like AwesomeMay invoice is listed as "Paid" on may, 31th while it should be "Not Paid".
Mobclix support says not to worry about that and that we'll get informations as soon as possible.
My revenue reporting seems to be up to date, it is showing fine.
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0 • Off Topic Insightful Disagree Dislike Like Awesome- Spam
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0 • Off Topic Insightful Disagree Dislike Like AwesomeInvoices are posted for May, payments are going out as soon as we can clear the funds on collection. This week looks good for a big chunk of incoming receivable revenue.
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0 • Off Topic Insightful Disagree Dislike Like AwesomeThx for the update, this is good news.
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0 • Off Topic Insightful Disagree Dislike Like Awesome- Spam
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0 • Off Topic Insightful Disagree Dislike Like AwesomeAdwhirl any good anyone?
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0 • Off Topic Insightful Disagree Dislike Like AwesomeSo, does anybody received payments for this month yet?
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0 • Off Topic Insightful Disagree Dislike Like Awesomegot ur payment yet?
10 Detailed Steps to Submit Apps To AppStore
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0 • Off Topic Insightful Disagree Dislike Like AwesomeCheers
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