Update 12/9/10: Red Alert! Readbud IS a SCAM! It’s official - see PTC Investigations for full report.
I was excited about the prospect of Readbud as indicated in previous posts. It was fun to read the articles and I was making about $1 each day. Not a windfall by any means but worth the time it took. Payout doesn’t happen until you but $50 but I figured I’d be there in about 2 months. Then things changed. And not for the better!
A few weeks after signing up for Readbud, the articles dried up. Instead of getting 12-14 each day, I was getting less than 5. I noticed right off that the Google Adsense ads were gone. I had wondered if Readbud was violating Google’s terms of service and had even questioned them by email. It’s unclear whether they decided to discontinue Google Adsense of whether Google pulled the plug – but I strongly suspect the latter. Anyway, things haven’t been the same since. Instead of accumulating about $1 each day, I’m lucky to make a quarter. So payout is coming much more slowly!
Well, this morning the service is unavailable. Yep – a 503 error. Never a good sign. And they supposedly just moved their service to the US for more stability. I guess that didn’t work out as intended. As I recall, they’ve been down a few times before so maybe this isn’t a dire sign but it sure makes me wonder. I’ve been giving Readbud the benefit of the doubt during their lengthy transition but maybe my optimism was misplaced.