Smartbucks pulls the plug, sort of...

[RawAlex]

s a courtesy to our growing affiliate base, we are writing to let you know of changes to our Affiliate Terms of Service that will become effective October 1, 2011.

Beginning on October 1, 2011, all Affiliate payouts will change from the amount reflected on our previously published rate card of all programs (excluding xsells) to a 50/50 revenue share based program. Thus, for each initial sign up/subscription generated by an Affiliate, such Affiliate will receive 50% of the revenue for the initial sign-up or subscription.

Additionally, to comply with IRS rules, each and every Affiliate must have on file with Smartbucks a valid W-9 or W-8 in order to receive payment under the Smartbucks program. Failure to maintain an appropriate W-9 or W-8 on file with Smartbucks for more than 90-days will result in forfeiture of any Affiliate fees or revenue shares otherwise due and payable to that Affiliate.

Executive summary: We dropped PPS, you are on revshare, and if you don't file a W8 or W9 within 90 days, we will empty your account.

Nice!