SWATcash.com GPT Goes Down Declares Bankruptcy

SWATcash.com GPT Goes Down Declares Bankruptcy

SWATcash.com was a great GPT site its sad to see them go under. I wonder if other's will fail but one mans failure is another mans success sad to say it but its true! here is a quote from what Swat Brian had to say!

“Due to all of the recent events I am sad to say that SWATcash will be shutting down effective December 1st, 2008. We will strive to do all we can to get payments out in a timely manner. Unfortunately if all goes well we will only be able to pay out Offer Earnings, Referral Commission, Shopping Earnings, and Click Earnings. With shutting down we have to end our contracts with the company that runs our servers which is really putting the strain on the company’s wallet and possibly charging us more than we will have coming in, in which case we will have to file for bankruptcy. We hope that they will be glad to work with us and get that number down so we can payout all of the members who have made payout through December 1st.

We know this sucks, you don’t have to tell me twice. We are still waiting on checks that are now almost 2 months late to us. I have been told recently that a check was over-nighted Wednesday only to find out today that it still hasn’t even been sent. That is just how it has been going lately for us. We are doing everything in our power to get what is owed to us so we can get what is owed to you. We realize that this is a terrible time for this to happen as Christmas is just around the corner, but believe me that this is hurting us just as much as it is hurting you. A lot of you may think that we have a mound of money in the company that we are sitting on but the truth of the matter is, is that it’s just not true. With paying to keep the site up, paying our employees the money is going down just as fast as it is coming in because every lead is being scrutinized more closely than ever and it is taking a longer time for payments to be processed. Now days all a advertiser has to do is say “I think we have some fraud here” whether it be one lead or 100 and your full payment is held till it is figured out which can take months.

Like I’ve answered before, “Why don’t you have an emergency fund?”, we did but it got taken out when we paid out in August and we later received word of fraud from the month of July and August. That’s just how it goes in this industry and for a long time we took small hits here and there but never one this big. We always put the members first throughout this whole 2 year run that the company has been around and don’t intend on changing now.

We really appreciated working with all of the truthful members that stuck around on the site and forums from the very beginning. Without you guys we would have never made it anywhere. The forums were always active and fun to be around and it truly made my job a little bit easier with all the helpful members answering questions when a mod or admin wasn’t around to answer them. I want to thank all the mods for doing a great job around here keeping the forums clean and informative. I’d love to thank Jeremy and Will for doing an excellent job keep the site new with cool features and making the site as unique as it was. Thanks to Soylagringaloca who did a great job handling support and making sure it was done in a timely manner and keeping it as upbeat as possible. And also thanks to SWATAP for providing us with pictures for visual representation of topics and posts. He kept the forums lively and bursting with activity. I hope I didn’t miss anyone but thanks to everyone involved with SWATcash it was like one giant family even though sometimes it got a bit out of hand.

The site will go down sometime tonight or tomorrow morning. I apologize for how everything went down and how this ended up, but I give you my word that we will try to payout members what they deserve and rightfully earned.”
– SWAT Brian (Former Owner, SWATcash.com)

PS: Also now swatcash redirects to getpaidto.com new owners if you want to sign up!

 


Comments (12)

  • Riyanne

    What?! I was really surprised with this news. I saw a proof of payment worth $2000+ from SwatCash and was attracted to the program. Never joined though

    December 2, 2008 at 11:33 am
  • Problogineer

    that has to happen, every GPT sites are scam,,,, dont trust them

    December 3, 2008 at 10:12 am
  • Erwin Tan

    Another economy turmoil casualty.

    December 4, 2008 at 4:54 am
  • Tony

    that's sad, but not all GPT sites are scams, I have been paid by many and Proof of Payments to show. I know some legit sites.

    December 4, 2008 at 4:34 am
  • Tristan Gemus

    I heard swatcash was legit but…pretty funny how they just go down. You'd think they would do the match to pay their employees accordingly, pay their ad clickers and then have some money for themselves. They probably gave out too much money for leads, a little bit less would of still been fine.

    December 4, 2008 at 10:53 am
  • Sad to See Them Go

    Wow…I used them for a while, and I am sad to see them go… 🙁 I guess I'll just have to keep doing my other GTP sites. My fave is Cash Lagoon. Only a $2.00 Minimum paypal payout.
    Come check it out!

    http://www.cashlagoon.com/?ref=84318

    December 11, 2008 at 8:30 am
  • Sad Again

    Whoops…I meant GPT…lol

    December 11, 2008 at 8:31 am
  • vojd

    It was the best GPT site I ever saw, great support, fun, nice payout and bonuses.
    It is really sad indeed

    Now I know what happened 🙁

    December 12, 2008 at 6:33 am
  • ubz

    On the bright side, the original programmers for SC made a new site; though it's NOT related to swatcash, so don't go around wondering why it's nothing like SC.

    The registration link is http://www.gimmicklessgpt.com/register

    Please note that the site's not completely up yet, but it'll be a cool site once it is. There's no offers available, but since the site isn't fully open yet, now's your chance to be one of the first members. Have fun!

    December 15, 2008 at 6:01 am
  • nickthrolson

    Here is the link to register for the new swatcash site being developed

    http://getpaidto.com/?ref=30378

    December 15, 2008 at 6:37 am
  • Fiercy

    That is good news. I have joined that site too and understand how to complete offers. finally. I have done most of the offers and then I found EasyOfferPays.com to make extra income since i got laid off. The layout is awesome and easy on the eyes. Offers are easy to find and categorized. Take a look. It is not a referral link. but i can refer you too. =)

    or check out my myspace.com profile and add me as a friend. i like to meet new friends.

    http://www.myspace.com/fiercylickers

    thank you =)

    January 9, 2009 at 9:48 am
  • WR Recruiter

    A new GPT site has been created by one of the programmers of SWATcash. This new site is as great as SC was, and a great part of the community is from the SWAT community. Get paid, win in contests, and play on the war map! Its fun. Find out specifics about the site here:

    March 9, 2010 at 1:02 pm

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