Affiliate programs do you payout too "INetworks Tech LLC" ? - GoFuckYourself.com

BareBacked · 08-11-2011, 12:03 PM

I am getting a few affiliates using this service "INetworks Tech LLC"
At first I was very confused and I still do not understand it.

I need to talk to my CPA on how to handle this and I want to understand it more before I try to explain it to him.

How do you handle 1099's on foreign affiliates using "INetworks Tech LLC" when it was a domestic address ?

Have you found allot more fraud coming from affiliates using "INetworks Tech LLC" ?

Thanks and I hope we can share some serious info.
Have a great day

O MARINA · 08-11-2011, 03:00 PM

I don't know about INetworks Tech LLC but have seen MTACC INC used mainly by affiliates in Europe.

Sharky · 08-11-2011, 03:12 PM

That is the name for www.ecoin.cc money transfer service. Similar to the xoom.com service that some foreigners prefer.

They are a Delaware address I believe, but they have registered in Florida as a Money Service Business.

I saw a lot of the same signups and through research ended up talking to one of their reps on icq. I chose against signing up to the service as merchant because a few days later one of their guys ended up producing a lot of Chargebacks. Thats not to say its not a legit service, some of our long term russian webmasters switched their payto info to "INetworks Tech LLC" around the same time.

NickB. · 08-11-2011, 03:46 PM

some very bad fraud guys use it, but also some very awesome affiliates

BareBacked · 08-11-2011, 04:51 PM

Quote:

Originally Posted by NickB. MediaRevenue

some very bad fraud guys use it, but also some very awesome affiliates

That is kinda what I did not want to hear ;) thanks man

I have 2 great guys with them now long time affiliates.
Its the new ones I will be worried about.

OneWhoKnows · 08-15-2011, 01:02 AM

Well, I also use them - and I'm not even from Russia - to get my checks cashed in the US, at least from those programs who don't offer anything besides check (such as CCBill).

Saves me loads of money, as they charge me about $7 to cash a $500 check and the money is instantly available, while it costs about 20 EUR (currently about $28.50) at my bank and I have to wait 30 days before I can use the money. Pretty much of a no brainer.

So imo, there's no reason why you shouldn't trust affiliates using them, it's just mainly Russians using them, as simple as that. Same goes for MTACC Inc btw, which is the company of a similar service called ePayService.

BareBacked · 08-22-2011, 04:26 PM

Anyone else?

V_RocKs · 08-22-2011, 04:40 PM

In this case you wouldn't 1099 them unless they are US affiliates.

Sharky · 08-22-2011, 06:33 PM

Quote:

Originally Posted by V_RocKs

In this case you wouldn't 1099 them unless they are US affiliates.

Sending a check to a US address pretty much requires us to 1099 them.

08-11-2011, 12:03 PM	#1
BareBacked Confirmed User Join Date: Feb 2007 Location: www.BareBacked.com Posts: 3,685	Affiliate programs do you payout too "INetworks Tech LLC" ? I am getting a few affiliates using this service "INetworks Tech LLC" At first I was very confused and I still do not understand it. I need to talk to my CPA on how to handle this and I want to understand it more before I try to explain it to him. How do you handle 1099's on foreign affiliates using "INetworks Tech LLC" when it was a domestic address ? Have you found allot more fraud coming from affiliates using "INetworks Tech LLC" ? Thanks and I hope we can share some serious info. Have a great day __________________ NEW SITE PAYING $30 for a $1 TRIAL Selfies

08-11-2011, 03:00 PM	#2
O MARINA I'm clockin' ya, Versace shade watchin' ya Industry Role: Join Date: Mar 2003 Location: internet Posts: 13,789	I don't know about INetworks Tech LLC but have seen MTACC INC used mainly by affiliates in Europe. __________________ www.HookUP.Cash

08-11-2011, 03:12 PM	#3
Sharky Confirmed User Industry Role: Join Date: Mar 2002 Location: Tampa, FL Posts: 4,938	That is the name for www.ecoin.cc money transfer service. Similar to the xoom.com service that some foreigners prefer. They are a Delaware address I believe, but they have registered in Florida as a Money Service Business. I saw a lot of the same signups and through research ended up talking to one of their reps on icq. I chose against signing up to the service as merchant because a few days later one of their guys ended up producing a lot of Chargebacks. Thats not to say its not a legit service, some of our long term russian webmasters switched their payto info to "INetworks Tech LLC" around the same time. __________________ Sharky

08-22-2011, 04:26 PM	#7
BareBacked Confirmed User Join Date: Feb 2007 Location: www.BareBacked.com Posts: 3,685	Anyone else? __________________ NEW SITE PAYING $30 for a $1 TRIAL Selfies

08-11-2011, 03:46 PM	#4
NickB. Confirmed User Industry Role: Join Date: Aug 2001 Posts: 8,855	some very bad fraud guys use it, but also some very awesome affiliates

08-15-2011, 01:02 AM	#6
OneWhoKnows Confirmed User Industry Role: Join Date: Aug 2005 Location: European Union Posts: 873	Well, I also use them - and I'm not even from Russia - to get my checks cashed in the US, at least from those programs who don't offer anything besides check (such as CCBill). Saves me loads of money, as they charge me about $7 to cash a $500 check and the money is instantly available, while it costs about 20 EUR (currently about $28.50) at my bank and I have to wait 30 days before I can use the money. Pretty much of a no brainer. So imo, there's no reason why you shouldn't trust affiliates using them, it's just mainly Russians using them, as simple as that. Same goes for MTACC Inc btw, which is the company of a similar service called ePayService.

08-22-2011, 04:40 PM	#8
V_RocKs Damn Right I Kiss Ass! Industry Role: Join Date: Dec 2003 Location: Cowtown, USA Posts: 32,405	In this case you wouldn't 1099 them unless they are US affiliates.