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Advertiser can't/wont pay (12)

03-06-2018 05:38 PM #1 markyd (Member)
Advertiser can't/wont pay

I've been working with a direct advertiser in the nutra space recently, who now says that they cannot pay me because all of their cash is frozen due to the recent MID issues. They claim they will be able to pay in 6 months...

What do you think my best options are at this point? Should I just wait it out and hope for the best or be proactive and talk with an attorney now?

03-06-2018 06:07 PM #2 zeno (Administrator)

I find it hard to believe that a nutra advertiser would be running on such thin margins that they have no cash in the bank?

Any issues with payment processers, gateways and so on, i.e. MIDs, will affect their ability to process and withdraw revenue, but surely not the existing revenue they have already withdrawn (and I imagine most people would be wanting that cash in the back asap, daily or weekly).

Or am I missing something here with the recent MIDs crisis?

03-06-2018 07:01 PM #3 cmdeal (Veteran Member)

Quote Originally Posted by markyd View Post
I've been working with a direct advertiser in the nutra space recently, who now says that they cannot pay me because all of their cash is frozen due to the recent MID issues. They claim they will be able to pay in 6 months...

What do you think my best options are at this point? Should I just wait it out and hope for the best or be proactive and talk with an attorney now?
Depends on where they are based and what type of structure they have ...

03-06-2018 07:35 PM #4 markyd (Member)

They are US based, but not sure on the structure...

03-06-2018 07:44 PM #5 jayzzz (Member)

Move on buddy. They won't even revert back your messages after 6 months.

03-06-2018 09:19 PM #6 matuloo (Legendary Moderator)

Quote Originally Posted by markyd View Post
They are US based, but not sure on the structure...
Since they are in US, there are legal options to take ... depending on the sum owed, you might want to consult a lawyer.

03-07-2018 01:07 AM #7 cmdeal (Veteran Member)

If they are US based, then definitely pursue legal channels.

03-07-2018 05:32 PM #8 markyd (Member)

Thanks for the input guys, attorney gave them a call this morning and now all of the sudden they have the money to pay lol.

Kind of ruined the relationship with them but I guess those aren't really the type of people I want to be in business with anyways.

03-07-2018 08:45 PM #9 cmdeal (Veteran Member)

Quote Originally Posted by markyd View Post
Thanks for the input guys, attorney gave them a call this morning and now all of the sudden they have the money to pay lol.

Kind of ruined the relationship with them but I guess those aren't really the type of people I want to be in business with anyways.
If you had waited for 6 months, you would most likely have ended up with nothing.

03-07-2018 11:51 PM #10 erikgyepes (Moderator)

Haha, that was fast. Nice move!

03-08-2018 05:55 AM #11 dragoshsd (Member)

Pretty crazy that a phone call solved the issue. Did the wire actually hit your account or did they just promise to pay faster?

03-08-2018 01:07 PM #12 matuloo (Legendary Moderator)

Quote Originally Posted by dragoshsd View Post
Pretty crazy that a phone call solved the issue. Did the wire actually hit your account or did they just promise to pay faster?
^ THIS ^

Hopefully they will actually pay it and it's not some kind of cover-up BS. Holding fingers crossed for you!

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