Well, it has finally happened. After 9 long years, BuxP is closing. It seems PayPal has claimed another victim, as the owner had been struggling with payments since PayPal revoked their services and left BuxP with fewer options for payments. This is sad news for me as I had been using BuxP for some time now and found them to be honest, up front and profitable. The sooner the industry moves away from PayPal the better, as continued freezing of funds and denial of services is anti-competitive as is slowly killing the entire PTC market.
Here is the admins post on BuxP:
“First things first.
After a long debate with my staff and colleagues, given the current situation BUXP is into, we have decided to call it a day, say goodbye to our baby and close BUXP in the near future. Why? Reasons enough, such as the declining GPT/PTC market, the negative perception, the hosting problems we have been facing,… but the main reason is called Paypal, which was used by 95% of our advertisers and since it is no longer available, without having decent alternatives on the market, our sales collapsed and BUXP became unsustainable. Compared to certain other GPT/PTC sites, BUXP was relying almost entirely on advertising sales.
We did research potential solutions, but honestly, the investment needed to put into BUXP without having guaranteed results is just too much of a risk. We had options to sell the site but did not feel good about it.
We are not going to abandon our loyal members and investors from the past, so please read the summary of things to keep in mind below…
*BUXP will remain online until the end of 2017
*Advertising purchases can still be made
*Cashouts are no longer possible and you will not be paid for your ongoing activity.
*Current cashout requests will be paid out
*Members who invested in BUXP and have not received their return on investment on this specific purchase can open a ticket mentioning their username and payment email address (paypal, payza or bitcoins).
This way, we hope we will compensate everyone completely and no losses are made.
Once again, we are sorry we had to come at this stage and never expected this a couple of months ago, not even weeks ago, but the situation is not improving and this seems, from a business point of view, closing is the only solution.
If you have a remaining balance which is not cashed out yet, you can exchange it into ads.“