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Here is a post by Graham Dyer from Australia. The only edit I have made is to alter the name of a blogger and that of his website. I don’t want to give him the credit.
Before reading, be aware that it is all correct to the best of Graham’s knowledge and is his opinion.
Is Banners Broker in Trouble?
When I started my business with $3,000 eleven months ago, in August 2012, Banners Broker was a scam, a Ponzi scheme, Chris Smith was a white man and a crook, as were all the other people running BB, the Company was going belly up tomorrow, and everyone who had put money into BB should kiss it goodbye, as they would never get it back, according to the sewer dwellers who spread their **** on poisonous internet blogs, in the hope that people would be discouraged from starting a business with Banners Broker and instead put their money into one of the scams being advertised on their gutter blog.
Foremost among these despicable effluent peddlers was a bogan who calls himself F*nchs*lls. M*rt*n *sb*rn is not his real name, for obvious reasons. And I think there is an “m” missing from his name. At least he calls himself a scumbag on his website, so he got one thing right. Anyone sucked in by this low life should do their due diligence on him, not Banners Broker. I can tell you his real name if you need it. Personally I would not waste my time. But you must decide for yourself. Maybe those who want to believe his crap deserve to.
Nothing has changed. He and others are still at it. And people who had been in the business long before me told me that the same garbage was going around when they joined.
If I had been taken in by his lies and part truths less than a year ago, and other garbage writers who spread their bile on blogs, I would not have a business today that has since earned more than $500,000, and from which I can now withdraw $40,000 a month, for the rest of my life (and beyond). I hope you can see a message in that. If you wish to be sucked in by a real scam, I suggest you forget Banners Broker and go with a scumbag like F*nchsm*lls. Don’t waste the time of someone who is trying to help you get started in a business with a real future. They would be much better off spending their time helping others who want to be successful. Am I happy that I recognized this trash for what it is worth? A million dollars says you bet I am.
Does that mean Banners Broker hasn’t had any problems?
Of course not. Every business has challenges. Especially businesses that grow as fast and as big as Banners Broker. Many of the challenges BB has faced might have crippled another business. But BB has met every challenge that has come along, and not only survived, but emerged stronger than ever. I will address the ones I am aware of.
A few months ago BB’s server got hacked and they had to dismantle their entire website, piece by piece, and transfer it to another server. For the best part of a month, the business was virtually shut down, and even many of us began to doubt whether BB could survive. The “I told you so” scumbags had a field day. This was clearly going to be the end of BB, who were even tearing down their website.
But what is BB’s website like today? I would describe it as Rolls Royce quality. So, was it a terminal problem, as the envious blogger scumbags wished, or only a temporary challenge, which has now been met? You be the judge.
At around the same time, MasterCard pulled the pin on BB. Why? Because a clause in their contract said they could. Shame on them! Their “explanation” was that they had no problem with Banners Broker, on whom they had done their own due diligence, over a period of ten months; it was just that they were worried that all the negative stuff about BB on scumbag websites, like Finchsmells, might “damage their brand.” I, for one, will never use MasterCard in my life again. Their brand has certainly been damaged in my eyes, but not by Banners Broker, or even the scumbag websites. In my eyes their brand has been decimated by their own spineless action, with no thought whatsoever for the hundreds of thousands of Banners Broker affiliates who trusted them. Did they care if their unilateral action sent a thriving business into disarray? You have to be kidding. I wish millions would join me in boycotting MasterCard and letting them know why. But did even this cripple Banners Broker beyond repair?
The ramifications of MasterCard’s sudden, ruthless, unilateral withdrawal without notice are still being felt today. Banners Broker is in the process of implementing another card to replace MasterCard. BB are not releasing the name of the card company at this stage. They do not want to give the scumbags advance information that they can distort. It could be Visa, but I would doubt that. (see Post Getting Ahead of the Crowd)
This process takes time. All of BB affiliate accounts have to be integrated with the card company’s computer. Setting up MasterCard took ten months. Chris Smith has said this one won’t take as long, but he has not put a date on it. The betting is on about August-September. He also said that the card company is well aware of the scuttlebutt and slander on the internet, but they have done their own due diligence on Banners Broker and are happy to sign a contract with a clause that does not allow them to pull the pin like MasterCard did. That is surely a vote of confidence in Banners Broker.
Meanwhile, the only means of paying out affiliates requesting withdrawals of less than $10,000 is via third party card payment processing companies Solid Trust Pay (STP) and Payza. This has become problematic for Banners Broker, for a number of reasons.
First, when MasterCard pulled the plug on BB, many affiliates panicked and pressed the withdrawal button. One story I have heard is that at one stage Banners Broker had a backlog of 700,000 applications for withdrawals, mostly for small amounts like $100. The majority of these originated in India, where there are tens of thousands of affiliates. BB’s system allowed for one withdrawal per week, or four per month. When you applied for a withdrawal, the button on the website was supposed to go grey for a week, so you could not make another withdrawal for another 7 days. As “luck” would have it, that button was not working at the time MasterCard pulled the pin, and tens of thousands of affiliates were sending in requests every day! This swamped the system and neither Banners Broker nor the payment processors could cope. Banners Broker have been trying to catch up the backlog ever since, but they are still way behind, and do not hide that fact.
But the greater problem was that Vector Card Services, who were the agent for MasterCard, were based in Belize (South America), where BB’s bank is. So transferring funds from BB to Vector for uploading to BB affiliate MasterCard’s was a straightforward procedure that did not involve international transfer of funds. But STP are based in Canada, and Payza is in London, so suddenly BB had to transfer very large sums of money, $10 million and more at a time, out of Belize to other countries. In this age of obsession with terrorism, arms dealing, drug running, money laundering and tax evasion, and intense scrutiny on international transactions, even for amounts of $10,000, BB were confronted with yet another challenge that was not foreseen. Moving large amounts of money around the world is a huge challenge. I believe the new card will be the long term solution to this problem. But in the meantime, BB are still seriously behind with withdrawals. People are being paid, but with intolerable delays. Not surprisingly, the contemptuous internet trolls, devoid of morals, and with no interest whatsoever in conveying the true situation, are having a field day magnifying this issue out of all proportion. “Banners Broker is obviously going under. They can’t even pay their affiliates. You have all done your dough. We told you so,” etc.
Does Banners Broker have a cash flow problem?
I would have thought not. It is more a systems problem. All through this difficult period I understand that withdrawals of amounts beyond the first $10,000, which have always been handled differently, have been paid as usual and on time. Obviously this is a much smaller number, but for much larger amounts. I understand $100,000 is not unusual. I cannot verify most of this. This information is from sources that I consider reliable, and from people very close to the action. I have no reason to doubt any of it. Why Banners Broker cannot tell us all this stuff, and jam it up the noses of the despicable internet trolls, I don’t understand. But communication is not their long suit.
Slowdown in Panel Movement
There is now an additional issue that suggests to me that there may be more of a cash flow problem than I thought before. And it stems from the “lost” month last March when the website was down. In his last webinar Chris Smith mentioned the slowdown in advertising revenue. BB gets paid one month and 45 days after the end of the month. So payments for March internet activity came due from the middle of June onwards. That is why we have seen a bit more of a slowdown in panel movement lately. But like the website problem, and like the payment problem, this also should be temporary.
On top of this, the first blind network broker that Banners Broker dealt with, Clicksor, pulled out quite some time ago. The reason? Idiots doing their own “due diligence” on Banners Broker were phoning Clicksor asking: “Is it true that you are acting as a broker for Banners Broker on the blind network?” I have read that Clicksor were getting more than one thousand calls a day at one stage. Clicksor just could not handle it anymore and pulled the pin. And you wonder why Banners Broker don’t tell us anything anymore? It is hard to soar like an eagle when you have to flock with turkeys. I understand that BB now deal with a much larger broker, and in fact it could be two or more of them. I know of no way of finding out that information. And I hope I never do. Because that would mean the idiots would also find out.
The “Passive Income” Issue
Apparently some other idiot put a large advertisement in a Canadian newspaper suggesting that Banners Broker was a wonderful “investment opportunity.” That is why BB was investigated by the Ontario Securities Commission. And that is why BB has been running backwards, at a million miles an hour, trying to undo anything that made this business look like an “investment” (like traffic packs, for example). If ever a government authority had an excuse to shut down a company because they believed it was not a genuine business, that was surely it. But clearly they just told Banners Broker that they had to do whatever it took to make sure it was not a “passive income” “investment” that would require licensing of affiliates, issuing a prospectus, etc. etc.
So, has Banners Broker had problems? Yes. But what business does not have challenges?
Are any of these problems terminal, as the sleaze buckets of the blogging fraternity would like you to believe? You make up your mind. If you think that, then my advice would be to get out of Banners Broker or don’t get in. Go and join the contemptuous, parasitic swill who masquerade as your “helpers” so they can do exactly what they accuse Banners Broker of doing, and that is fleece you of your money.
Is there any challenge that Banners Broker has not met? Not yet, as far as I can tell.
Are they likely to solve the payment problem? You decide. I am confident they will.
Is the slowdown in advertising revenue likely to be permanent? Again, you make up your own mind. I don’t know. I doubt it.
Could Banners Broker go belly up? Any business could go belly up. Most of us didn’t have to sell our house to start our Banners Broker business.
Do I think they will go belly up? No I don’t. But I can’t guarantee it, any more than I can guarantee that Woolworths won’t go belly up. The impression I get is that they keep on surviving challenges that might have crippled lesser businesses many times over. And they always emerge on the other side bigger and stronger than ever. From zero affiliates in October 2010 they now have more than 400,000 affiliates almost three years later. Their business model is the same as the successful Google model. I think they are here for the long term. That may be wishful thinking on my part, in view of my vested interest.
But I cannot find any valid reason to justify abandoning them.
Do they have a cash flow problem? Probably. What business doesn’t from time to time? It is often a seasonal or temporary thing, and I suspect it is the same with Banners Broker.
In the face of the same dishonest crap on the internet about Banners Broker that you are reading now, I made the decision eleven months ago to ignore it and bend my back in what appeared to me to be one of the best business opportunities I had ever seen. It has been one of the best decisions I have made in my life. All the recent changes have not affected my business much at all, as my business is built on inviting and helping others into the business, not on traffic packs. I had given up all hope of a comfortable retirement a year ago, after a number of reversals in my life. Now, less than a year later, it would seem that I am set for life, thanks to Banners Broker.
Are you having difficulty convincing others that Banners Broker is a legitimate business, and that the dirtbag trolls who spread their bile on the internet are nothing but dishonest scum? Do you think you are Robinson Crusoe? Give them a copy of this letter. If they still want to believe the lies, don’t waste your time on them. Next please!
It is that simple. If not for you, then don’t waste your time on Banners Broker. This is a business. You have to work it like a business if you want it to perform. If it is “too hard,” then try something else. For me it is a no brainer. I know nothing to compare with this opportunity.
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