Thanks, I hadn't heard that. It helps to understand that's what the plan is.

I didn't think the people at zeek hadn't figured this out. I just think that many affiliates probably assume their account will just keep growing and don't realize that at some point it will have to be limited.

If that's true, I'm talking to the few who would care.

So here's another figure: if there are 350,000 affiliates and they cap the point balances at 100,000 points but leave the RPP percentage at around 1.5%/day, then within a couple years, all the affiliates will reach 100,000 points. Even if they all then set their repurchase to 80%, the 20% they were withdrawing would then add up to $38 billion/year, which I think is many times the revenue zeekler will ever generate. So even with a fairly low cap on points, within a couple of years from now, they'll also have to reduce the RPP rate a good deal to keep the business sustainable.

I wonder how the RPP would work when you reached a point balance cap. If you had 100K points and couldn't get more, do you just get 0 and then 1/90 of your points expire and then the next day you get those back? I guess we won't know until it happens.

I have an excel sheet that calculates that.... if you have 1170 VIP points right now, you will have 6153 VIP by jan 1st, assuming that you dont have any affiliates under you....but if you do your points will go up a lot faster. my VIP points will triple in less than two months because i have two active affiliates under me who also put the same amount. and i have a diamond membership.

Well, you are correct. We do care! However, I consider myself to be pretty well-informed about zeek and how it works. I have upline who works for the company and is on a first name basis with everyone at Corporate...Paul, Alex, Dawn, Roger, etc. And although he has been there on a number of occasions, even he would not be able to anwser your questions, as I look back over your recent posts.

Correct...the branch of the company that encompasses Zeek Rewards and Zeekler have been around for little more than a year. The information upon which most of your questions stem is "proprietary", and sorry if that word tends to ruffle people with a "need to know". We have no way of knowing how many affiliates are worldwide, or upon what calculations the decisions that are made are derived from.

Perhaps it is a "Pollyanna" point of view, but what else can we do? We must trust that the best minds and experts who have been employed to examine, evaluate and structure this system have the companies best interest in legality and compliance, at heart. The noted 14 year track record that Paul Burke has, altho not in this particular field, should stand for something, if nothing more than intelligence, ingenuity and integrity. To have weathered the economic storms of the past 14 years and still be standing with a business model that has generated life-changing income for thousands, takes smarts and guts.

So, that being said, the questions that you pose are ones many have, I am sure. Possibly, if you take the trip to the corporate offices on Red Carpet Wednesday, once each month, you can get the answers you are looking for. I sure don't have them.

You can reserve a spot for the next one by going to www.zeekrewardsnews.com. We would all be interested in your report.

Something wrong with your math! I'm dealing with real figures and doing 100% repurchase and there's no way that I'm going to grow 15x. Today I was awarded 716 points and I should make more than that in 90 days but nothing like you're describing. If 90 days is a Fri - Sun I could actually lose points for the day.

I think I could pretty well project what I would be at by the end of the year but I'm not going to take the time to do it. The variables are signing up new Affiliates and the amount withdrawn. The percent of award has been pretty consistent - .09% Fri - Sun and 1.9% Mon - Thur.

Well i used to post to Google Ads a while back so i got some affiliates from there. And ever since those affiliates been getting their own affiliates and so on

Remember 350,000 is "ALL" of the affiliates in zeek including free members i doubt that "all" affiliates will upgrade or even reach 100K anytime soon...and its takes patient and not making withdrawals for a loooong time to reach 100K. I doubt that many people can have 100% repurchase and wait till 100K. I mean when i had reached 5K VIP i couldnt resist taking out some cash to spend on myself i.e. Samsung Galaxy Note...thank you zeek lol. The economy is rough and people need cash now. I mean yah the numbers are big...but i give it about at least 5yrs before any kind of limits will need to be imposed.

How were you able to post Google Ads? I tried twice placing Adwords paid ads and got rejected and then Google threaten to terminate my account if I continued to try and place the ads. It seems that any ad pointing to my ZeekRewards site are tabu. Is there a way around this?

Thanks

I have no doubt the owners of zeek are looking after their own interests. It's just not clear yet whether their interests are long term or short or whether their interests and their affiliate's interests are in alignment.

Consider two possibilities. They could have a short term model where they could make a bundle by attracting a million affiliates over the first couple years who each put in an average of a thousand dollars or so, add to that say another $100 million of income from zeekler over a couple of years, set aside half the total to pay RPP awards to the affiliates, pocket the other half, and then when the total points of the affiliates start to become too large to pay from the income from zeekler and the other affiliates, let it all collapse, shut down the business, and walk away several hundred million dollars richer, leaving a few thousand affiliates who made anywhere from a few thousand to a couple million dollars each, and the vast majority of a million or so unhappy affiliates who lost maybe a few hundred dollars each, depending how much they each decided to withdraw before the big collapse came along.

Or, they could have a long term business model where they plan to build a genuinely sustainable business, starting out big by attracting a few hundred thousand affiliates by offering amazing RPP growth for the first year or two while they can, to generate lots of ads and zeekler customers and drive a lot of traffic to zeekler and make it the top penny auction site, and then adjusting the rates and capping the point balances to make it sustainable for everyone. The adjustments needed to accomplish that could be an unwelcome surprise to many affiliates, but that could at least allow the business to proceed for many years by keeping the total amounts paid to affiliates down to about the same as their sustainable base of income from zeekler. Assuming nothing happens to make the penny auction model become illegal or whatever, this could work for decades, but only after major changes to the current RPP model, such as the point cap they've apparently already foretold.

Either way, the owners of zeek could make a bundle. In the short term (2-4 years or so), the first model could probably make them more money. In the long term, the second model might end up making them more if it all goes well and they don't run into legal limitations. They might even be keeping both options open and not know which way it will turn out themselves. One problem is, at the 1.5% daily rate, the point balances are currently growing so fast that we could go from easily sustainable territory into totally unsustainable territory within just a few months. So I'm just trying to get a sense of where we're at based on the minimal info that's available.

The clearest way to tell where we're at is to understand what percentage of the daily RPP points are covered by the income from the daily zeekler auctions (as opposed to payments from other affiliates, or saved up profits from past zeekler auctions from when more affiliates were at 100% repurchase and so weren't withdrawing much). As time goes on, more and more affiliates will start withdrawing by setting their repurchase below 100%. As this happens, depending how much of the RPP points are covered by the income from zeekler, the business could proceed happily along, or it could collapse quite suddenly.

If we're headed for the long-term model, I'd think they would want to give us the bits of extra info about how many affiliates they have and how much they make on zeekler, so that we could do come calculations and make an educated guess about how sustainable the business is, and I'd think they would also be more actively preparing their affiliates for the necessary adjustments to the RPP model that would have to happen fairly soon.

The fact that they aren't doing these things could just mean they're overworked, which they probably are regardless, or it could mean they know we're headed for a collapse and want to milk the affiliates for as much cash as they can before it arrives.

I won't be able to go to such a meeting, but I'd be interested in a report from anyone who can go and wants to ask some of the questions I'm posing.

I was looking at a simple model of an affiliate who gets no commissions, puts no cash in to buy bids, and leaves their repurchase at 100%. If you've done anything differently, your results will be different.

Note that 15x/year is only about 2x/quarter, which is only 25% growth per month. So if you had 10K points a month ago and you have 12500 points now, you'll have about 150K points after a year (assuming that you stay at 100%, and that you didn't buy lots of bids with cash that will all expire at some point, which would set you back a bit).

Those are good points, but at the current rate the balances grow so quickly that even if people take out quite a bit, it will still grow quite fast. But you're right that if most affiliates start withdrawing early, and they put a cap on point balances, it could go on longer than I'm guessing.

Haha yah i got an email like that too when i created it. But told them there are 100s of ads already on google like mines (thats what made me create a google ad in the first place) So they approved it. i had it set low too like $10.00 a month. Its really powerful if your able to create one and have advertising cash to spend. but i only ran it for 2 months till i decided to stop. My zeek was growing faster just by me leaving it at 100% and buying VIP bids with the money i would of used for google adwords But yah i think since zeek rewards is growing so fast they probably stop approving zeek reward ads now but i dunno.

I've found out what the problem is.When I visit my homepage,it says "welcome 'username'" instead of "welcome from silver member 'username'".I'm late to pay 10/month hosting fee to zeekrewards.And free member can not earn daily cash rewards.That's why recent few days I didn't got any cash rewards.

But when I tried to pay the monthly fee from my cash balance,it always says "The phone number is required, please return to correct".Then I tried to pay with my credit card,it says there's some problem processing your payment....
So I turned to the live chat and the CS told me that they have something wrong with the payment system and it'll be solved by tomorrow...
Hope everything gonna be ok tomorrow.

Thanks for the feed back!

I'm using Adwords for another business and the response to the ad has been great...but Adwords can get expensive if you don't monitor the account closely. Google doesn't always stay within your specified monthly budget.

NASDAQ

Does anyone here know NxPay wire money to banks in Taiwan or not?
As I am Taiwan citizenship and I need to know before I join Zeek.
Zeek load your payment to NxPay eWallet, then transfer to bank account.

Thanks for your answer here.

i personally using STP, and didn't sign up NXpay yet. And I believe it just another online banking system. charge probably the same as AP or STP

for zeek's nxpay, it says is Global Payment Solutions! so could connect with your bank in Taiwan, but have to have more info to find out for you, I made a phone call to nxsystem, but they line is busy, can't reach them yet
http://www.nxsystemsinc.com/

Hijack

Would there not be some kind of statistical model they are using to look forward a little? I doubt most affiliates are set at 100% repurchase, but many of us are trying to grow our accounts. It does not make sense to me that they would not have some kind of system in place to prepare for large W/D. As mentioned, eventually thousands will have six figure VIP balance....perhaps management will post on this soon.

Right now NxPay can only be used to buy bids. The withdrawal option is not active yet. They have a support ticket system that would be easier to use than the phone. I sent a support ticket once and received a reply within a few hours.

Tuesday I should be right at 30k. Somewhere around 45k I'd like to start pulling some money out. What is the monthly percentage of gain once one starts taking out a daily percentage of say 20%?

Thanks.

I wish someone would prove me wrong, but I don't see it even staying level by drawing 20%. My calculations show that it eventually begins falling, drawing 20%. That is assuming with no recruiting. (I recommend that every affiliate should recruit.) If you recruit, I can see how it would continue to grow.

Collapse is a strong word. If it does happen, it will happen slowly. The daily cashback daily rate is not guarantee.
It can go up and down depends on the business activities. Right now it may average 1.45% per day. But if
business slows down, the daily rate can slowly go down. How much it can go down before it become unattractive is a big question. I expect Zeek will be around next year this time but will face stiff competition from companies
that don't pay tax and hire no US workers.

It would be good to know. I'm not convinced that there has been enough time to really test it from the time it was implemented in the Fall.

I have kept all my daily figures and will continue to do so. Once I start drawing out funds daily for a couple of months it should give me a pretty good assessment. I was right at 700 points again yesterday which of course
means that I'll have to have quite a few points to offset that plus the withdrawal. Suppose I make 900. After the 700 is retired and I take 180 I have a gain of 20 points! And on the weekend I probably lose points.

Dave

Hi Julie,

I've been trying to connect my business bank account to NX Pay since the day it was available. I've sent at least 5 different support requests to both NX Pay and Zeek, but have gotten NO RESPONSE. My bank account has been "verifying" since day 1 and the only info I get is that the transaction is still verifying. I'm also requested to send a support ticket, which gets no response.

AlertPay seems to have gotten pass their banking/credit card problems and I was just able to fund my AlertPay account using a credit card. I think I'll just stick with AlertPay.

NASDAQ

I don't blame you. I have just about had it with these payment processors. The "other" penny auction business that is due to launch soon has Towah payment processor and it has been one "issue" after another with them. Just sick of it! LOL Unfortunately, they are a necessary "evil". There was some chatter awhile back about them now being illegal in the US...so I am anxious about what that might mean for us.

I guess all must wonder at what point can we continue this - would the cap be 50k, 100k, 200k, etc. My mind tells me that a mandatory repurchase and a withdraw that was limited would help us keep going? However, such theories take one down the path that huge amounts of new money is necessary....with this not being like anything else, I guess there is something myself and others do not yet understand. I sincerely hope, even if the points get capped, that we can have a zeek business for at least another 2-4 years. This is really helping a lot of people, but it does take time to grow.

You'd lose lots of VIP points as time goes by if you continue withdraw lots of money without having many downline referrals because current maximum amount of bid new purchase is 10,000 , that's why they say 80:20 policy.

My understanding is right?

how do you contact zeek ? i have a payment 4/23 via STP, but now, i still haven't yet received it, do anybody help me ?

I have question related to Zeekler.com...

People, is there any chance to pay amount BELOW 1$ via AlertPay? I won an auction, there are two ways to make payment:
1. AlertPay (1$ Minimum)
2. Credit Card (Which Zeekler is refusing)

Any advice what should I do? :/

Hi Julie and Nasdaq,

I have been waiting patiently for the ability to use my nxpay account to get fast commissions from Zeek. I think it was mainly implemented so people could buy vip bids easier. As far as alert pay, I heard about them becoming illegal in the us. a while back. Around the same time, I noticed I was not able to transfer funds from alert pay to my bank. I hope that is the only thing that came of the AP chatter. Alert Pay is definitely my way to pay. lol

That maybe is something that has never happened before. I think a support ticket would get noticed fast. Congrats! what was it that you one?

I might try it... Thanks
It was 18-Piece Knife Set

Nice won ( thought I would be cute)

Thanks for your answering my question, I never heard of STP.
May I know how does it work and how to sign up with STP?

Appreciate you, I am from Taiwan.

Does anyone know what day Zeek Rewards cuts the checks if you requested a payment by check and what day the checks are usually mailed out? Also for those of you who receive payment by check, on average how long does it take for it to reach your mailbox once it has been sent out. I know that there is a 2 week drag but I am just trying to estimate when I can expect to receive a check for the pay day date of 4/23/2012 as the cut off for that date was Sunday 4/8/2012 before 12 midnight. Finally has anyone received payment for the pay date of 4/23/2012 yet?



Mrwalt

You can count on it taking about 3 weeks total from the date requested.

So basically the Monday after the pay date? Has Zeek being on time lately or have they been a little behind in cutting the checks and getting them out?


Mrwalt

On time, never late for me.

Yes

yah im waiting for a 4/23 check too....i always get em the Monday after so in 2 more days i'll have my check

Is anyone having trouble signing up PRC accounts.. I keep getting the error on the end Credit card information. saying " there is a problem processing your credit card " etc it happens on any computer I use...? Even the PRC computer?
I contacted CS and they said it should go through ? but it doesn't and were to the 2 PRC by May 1st in order to stay in the zeekrewards 5cc / rotary .

soljaboy,

So, you have been getting your check.
May I know how long the check is good to keep?

As my bank takes 1 month to clear a international business check.


dailypayroll

Hey soljaboy2012,

Thank you for answering my question as I can't wait to get that check in my hand as proof, lol!



Mrwalt

Here is HOW it coule be proven.

Someone that's been in from the beginning go through your RPP and pull out every single daily % (RPP payment / RPP balance before RPP Payment)
Then plug those into a properly configured Zeek spreadsheet, set it at 80/20 and wala....

Has anyone done this? I guess I could, but it's a lot of work to prove something I already know...

Well these checks dont have expiration dates on some them but i seen some checks such as payroll checks that says good for 60, 90, 180 days and state and federal checks good for 1yr, 2yrs etc.

I get mine the following Monday from the date of the check. However I do see that it's post marked the Friday after the check's date. That means It takes up to 5 business days for them to print and mail my check. They are printing a massive number of checks....

Thanks for your quick answer here.

Have you seen RichAtlanta post here on top?
================================================================================

Is anyone having trouble signing up PRC accounts.. I keep getting the error on the end Credit card information. saying " there is a problem processing your credit card " etc it happens on any computer I use...? Even the PRC computer?
I contacted CS and they said it should go through ? but it doesn't and were to the 2 PRC by May 1st in order to stay in the zeekrewards 5cc / rotary .
===============================================================================


Is it true we need 2 PRC by May 01? I just joined and already fund.
So, what happen to our money if not be able to get 2 PRC? (anyone else know it too?)

Getting two PRC has nothing to do with you. Some people used to get customers by buying them from the company thru the 5cc (Customer Co-op). When that ended due to legal prohibitions, (the company could no longer "sell" customers to affiliates), the 2PRC quota was instigated to allow people who were formerly in the 5cc to continue to get customers for free. If you just joined, none of this applies to you. You just need to get 1 retail auction customer for every 1000 bids, and you need to post your ad every day and submit it to qualify for the Retail Points Pool daily earnings.