Quidco

Torby

wow ! 650,000 members, even I didn't realise there were that many.

Good post Jules, I'm happy to sit back now and wait for the outcome, lets hope ALL the facts come out whether good or bad and theres an end to this, I look forward to the update.

geordieracer

quidco_Company_Representative wrote: »

Hi everyone,
Those of you who are concerned that we give in to those who shout the loudest can be assured that this is still not the case. Payments and validations have started to come through naturally for some of the problem cases. This is as a result of the hard work and dedication of all Quidco staff and our work with the affiliates and merchants, and not attributable to anyone who has complained or written on to us. We are always clear and honest and, again, this would imply that we hold onto cashback and pay it when we wish. This is NOT the case. Delays always ultimately have an end as that is the nature of delays, although much of the time we are unable to be specific about timeframes when these delays occur, due to the amount of parties involved in the process.

Which is generally what i said earlier in the thread about waiting for merchants to pay you before you can pay the cusotmers.

What do the people who shouted me down and say i was wrong now say about that then?

JasonLVC

Torby wrote: »

wow ! 650,000 members, even I didn't realise there were that many.

650,000 x £5 = £3.25 million.

Not a bad business model at all.

gordikin

JasonLVC wrote: »

625,000 x £5 = £3.25 million.

Not a bad business model at all.

It is if you use the correct 650,000 figure!

Fenris

geordieracer wrote: »

Which is generally what i said earlier in the thread about waiting for merchants to pay you before you can pay the cusotmers.

What do the people who shouted me down and say i was wrong now say about that then?

I'd say don't beleive everything you read. If you read "Aliens land in Trafalgar Square" on Quidco's blog, you'd believe that too would you? :rolleyes: One born every minute.

JasonLVC wrote: »

625,000 x £5 = £3.25 million.

Not a bad business model at all.

Yup, I did the sums several weeks ago in the Quidco thread on the Referals board, but it was conviniently deleted. I guess browntoad would rather Quidco members didn't know how much the company's making out of them.

JasonLVC

gordikin wrote: »

It is if you use the correct 650,000 figure!

Edited now.:o

Don't let the fact that I'm an accountant affect your judgement of me;)

legendkiller2k8

be a lot more than the £3.25million if you include cashbaback they take yes i'm on about my virgin media £65 which was recieved then suddenly declined.
Then include the intrest they get by holding onto peoples money who's accounts they suspend.
Plus no doubt they have other buisness modules in place too.

geordieracer

Fenris wrote: »

I'd say don't beleive everything you read. If you read "Aliens land in Trafalgar Square" on Quidco's blog, you'd believe that too would you? :rolleyes: One born every minute.

So your saying Quidco do not wait for payment from the merchant before they pay out to the customer i.e you and me? This was what i said earlier but you said it wasnt true - yet Quidco state that this is how it happens so it appears that your wrong.

you and others on ehre only seem to read and answer what you like and not the whole questions posed to you, which makes your arguements convenient for you and not the full picture.

you can go back to yoru 51 pound income each week now. nothing usefull round here but fatcs that you dont seem to have a grasp of

geordieracer

legendkiller2k8 wrote: »

be a lot more than the £3.25million if you include cashbaback they steal yes i'm on about my virgin media £65 which was recieved then suddenly declined.
Then include the intrest they get by holding onto peoples money who's accounts they suspend.
Plus no doubt they have other buisness modules in place too.

i would alter that if you are accusing them of stealing - they could have you for libel if its nto true.

gordikin

JasonLVC wrote: »

Edited now.:o

Don't let the fact that I'm an accountant affect your judgement of me;)

If as you said you added it up rather than multiplying it's no surprise you made a mistake!:rotfl: