August 15, 2011
New payment cycle terms ensure predictable, consistent earnings payout for our developers.
At Mobclix we’re constantly advancing the direction of our platform to better serve our developers. We acknowledge that unpredictable payment cycles have been a pain point, due to the payment life cycle in advertising: the advertiser pays the agency, the agency then pays the network, the network then pays Mobclix and then we pay you.
Effective today, we have transitioned to a guaranteed Net-90 payment cycle. This is one of many steps in solidifying a predictable, consistent earnings payout for our developers.
Moving forward, you will receive your earnings on a rolling Net-90 basis regardless of when an ad network makes payment to Mobclix.
Beginning today, August 15th, we’re catching developers up with pending payments stretching back to April 2011, and by August 30th, everyone on the exchange will have received their earnings through May 2011. June’s revenue will be distributed on September 30th, and so on.
With this transition, there will no longer be a need to worry about which networks have paid for which months, which are delayed, and when they will be caught up.
How will the switch work?
- We’ll catch you up on all outstanding payments during the week of August 15th. This will bring you current for all earned revenue through April 2011.
- On August 30th you’ll be paid for May’s revenue earned.
- And on September 30th you will receive all of June’s revenue earned.
What has changed?
Previously your invoice would be created every month depending on what was collected from the ad networks. Revenue payout could take 90 days from Net 60 networks, 120 days from Net 90 networks and 15o days from Net 120 networks.
With our new guaranteed Net-90 payment cycle, you will be paid Net-90, regardless of when an ad network makes payment to Mobclix.
If you have any other questions or concerns, email adam (at) mobclix (dot) com.