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Making referring urls visible is not exactly compromising their billing aspect. It has fuck all to do with the billing aspect, CB policies, whether or not they shave, if they pay on time, or any of that whatsoever.
I have hundreds of thousands of links out there that don't perform, or send to dead programs, and I'm far from the only one - it's actually in their interests to make the referring urls visible so we can send to programs/sites that actually make sales, so they get a cut.
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