[UPDATE] Free $50 from PayBox for Early Bird! 3 Big Announcements

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3 Big Announcements

Posted on November 8, 2010 by Scott


We have 3 big announcements for you today. First, the PayBox Shop is closing. Second, a change in bonus amounts. Third, the debit card preparation project is now ready for EarlyBird users to give it a try. Keep reading to get more details on each of these topics.
PayBox Shop Closed

By the time you read this the PayBox Shop will probably be closed. We announced it recently in the Shop, so you may have already known this was coming. The Shop is in retirement for now, but we may bring it back someday depending on our testing needs.


The Shop was designed as a way to help us test our developing payment systems and allow the PayBox EarlyBird users to be part of that testing. Overall, it was a great success. The shop is now closed because we have successfully completed that stage of our testing. We want to thank everyone who participated with the Shop.
Bonus Changes

The sign-up bonus has been lowered from $50 to $25. But, the good news is that we have raised the referral bonus from $5 to $10 per person you refer to PayBox. That works nicely into our next announcement too…
Debit Card Project

PayBox is preparing for when we “Open the Box” and begin issuing debit cards to our users. When that happens, we want to allow our users to select from thousands of attractive debit card designs.


So, we’re opening it up to you — our EarlyBird users — to submit card designs. We’ve developed a contest and tools to allow you to easily create your own designs and vote on other users’ designs. Either way you can win cash prizes.
PayBox is giving away a $1,000 cash prize for the top voted design. We’re also giving away multiple $100 prizes just for participating in the voting. Each time you vote, you increase your chances of winning.


To see the debit card design project and begin voting and uploading your own images and designs, just log into your PayBox account. If the links aren’t there when you read this, they should show up in your account very soon.


Here’s more good news… You can create a debit card design and then share it with your friends or family so that they can vote on it (increasing your chances of winning the $1,000). If they’re not already a member of PayBox, your debit card design “share link” will track your referrals too. So, if you share your debit card design with someone and they end up joining PayBox, you get a referral bonus of $10 to your PayBox account.
 
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If I am reading this correctly, you cannot spend the money until they go live, and even then it is not USD, it is their own currency?
 
Great News!

Posted on October 13, 2010 by Scott
I’ve been able to take a look at what the developers have done so far and the new features look really exciting. Everything is coming along nicely and should be ready very soon. These new features will allow you to start using your PayBox account balance in some fun and profitable new ways.
At the current rate it looks like things will be ready by end-of-day on Friday. Due to the weekend, a lot of our EarlyBird users will probably just wait until Monday to start using the features. That works out well because we’ll have less users online and hopefully be able to fix any big problems as they come up.
Remember, the Friday target could still change if anything really unexpected comes up, but at this rate, Friday still looks like a realistic target.
 
Our Current Situation
PayBox is a rapidly growing online currency and payment processing service. We're on a quest to become the best payment processing service anywhere. We aim to achieve this with the help of our dedicated EarlyBird users.
Our service is still in development. So, for now, all of our transactions are in a “Closed Box” system. This means that all payments sent, and all payments received, stay within the PayBox system at this time. Currently, our users can send person-to-person payments (within PayBox) and even buy and sell from one another using our PayBox Shop.
Our Goal
Our primary goal is to “Open the Box”.
Question: What does that mean? What would it include?
Answer: Opening the box means providing everything you would find in a full-featured payment processor:
  • Debit cards linked to PayBox accounts.
  • Easily buy and sell using your PayBox account.
  • Easily send and receive money using your PayBox account.
  • Purchase from nearly any online merchant.
  • Withdraw to nearly any bank account world-wide.
  • Possibly withdraw to other online payment processors.
  • In-exchange from any major world currency.
  • Out-exchange to any major world currency.
What will it take to “open the box”? Read on to find out.
What We’ve Achieved
We started on September 1, 2010 with a brand-new website and an idea. As of this writing, less than two months later, we have reached our Stage 1 goal with over 100,000 EarlyBird users. The following image is a graph of our Feedburner subscribers — EarlyBird users who follow our blog.
feedburner-graph-2010-10-26.png
Our Next Target
It’s now time to take our service to the next level. Our Stage 2 growth target is somewhere between 2 to 5 million users. Once there, we aim to “open the box”.
Question: Why wait? Why grow to several million first? Why not “open the box” now?
Answer: Although we have over 100,000 EarlyBird users, our user-base is still incredibly small when compared to other payment services. Once we achieve the next stage of growth (2 - 5 million), it will open the door to be accepted into large payment networks and integrated as a payment option by major merchants. In short, it will help us to “open the box”.
We Need Your Help
PayBox is different. There has never been a payment service like PayBox. From the very beginning, we have relied on our users sharing PayBox with friends to fuel our growth.
Instead of spending millions of dollars on advertising, we are rewarding our EarlyBird users for helping us test our payment service as we build it, and only asking that you to share PayBox to help us grow.
To this point, we have had remarkable success with our grass-roots growth efforts. Now, we are relying on our members to keep spreading the word, helping us to take PayBox to the next level and “open the box”.
How Long Will It Take?
The truth is, we’re not sure when it will happen. Because we leave the sharing and growth of PayBox to our EarlyBird users, how long it takes to reach our next growth target and “open the box” is completely up to you, our users.
It’s really not that difficult to reach our Stage 2 growth target from this point. For example: If every EarlyBird user had one friend join per week, our size would double in the first week — and if we doubled every week, we would reach our Stage 2 growth target within 5 weeks.
Although we don’t expect our user-base to double in size every week, we believe we can realistically reach our Stage 2 growth target by early- to mid-2011.
Additional Fuel for Growth
Very shortly, we will be releasing a new program that we believe will help to fuel the growth of PayBox by adding a new level of rewards for some of our more ambitious EarlyBird users. In addition, they will have the opportunity to become experts in some very valuable skills along the way. We’ll have more details about this new program soon.
 
Debit Card Project Update

Posted on November 7, 2010 by Scott
Our developers have been hard at work on our new debit card preparation project. It is almost complete and we estimate it will be ready for our users on Tuesday, Nov 9. If all goes as planned, I will be sending out the announcement that it’s ready in my next blog post.
Thanks for participating as we work to take PayBox to the next level!
 
lol i joined a long time ago got some real money out of it just think what there doin is dog poop
 
3 Big Announcements

Posted on November 8, 2010 by Scott
We have 3 big announcements for you today. First, the PayBox Shop is closing. Second, a change in bonus amounts. Third, the debit card preparation project is now ready for EarlyBird users to give it a try. Keep reading to get more details on each of these topics.
PayBox Shop Closed

By the time you read this the PayBox Shop will probably be closed. We announced it recently in the Shop, so you may have already known this was coming. The Shop is in retirement for now, but we may bring it back someday depending on our testing needs.
The Shop was designed as a way to help us test our developing payment systems and allow the PayBox EarlyBird users to be part of that testing. Overall, it was a great success. The shop is now closed because we have successfully completed that stage of our testing. We want to thank everyone who participated with the Shop.
Bonus Changes

The sign-up bonus has been lowered from $50 to $25. But, the good news is that we have raised the referral bonus from $5 to $10 per person you refer to PayBox. That works nicely into our next announcement too…
Debit Card Project

PayBox is preparing for when we “Open the Box” and begin issuing debit cards to our users. When that happens, we want to allow our users to select from thousands of attractive debit card designs.
So, we’re opening it up to you — our EarlyBird users — to submit card designs. We’ve developed a contest and tools to allow you to easily create your own designs and vote on other users’ designs. Either way you can win cash prizes.
PayBox is giving away a $1,000 cash prize for the top voted design. We’re also giving away multiple $100 prizes just for participating in the voting. Each time you vote, you increase your chances of winning.
To see the debit card design project and begin voting and uploading your own images and designs, just log into your PayBox account. If the links aren’t there when you read this, they should show up in your account very soon.
Here’s more good news… You can create a debit card design and then share it with your friends or family so that they can vote on it (increasing your chances of winning the $1,000). If they’re not already a member of PayBox, your debit card design “share link” will track your referrals too. So, if you share your debit card design with someone and they end up joining PayBox, you get a referral bonus of $10 to your PayBox account.
 
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