Do You Use a Credits/Exchange System?

[Collin]

I've just added a credits system similar to WGBB's, but less awesome ;(. I own a webmaster forum, and people can deposit credits via PayPal, post threads requesting posts, and having users complete those requests to earn a little cash. When they withdrawal, there is a 10% service fee, which helps with promotional costs as well as domain and server costs.

I'm not sure if this is a great idea to implement or not, it's similar to PostLoop without the fancy scripts and such, but I'll see how my users think of it once my forum is active again (Has been down for about 2 months and has just been recovered by a database backup. Sadly, I lost about half of the posts. That's a life lesson to do at least weekly backups, if not daily.)

What are your thoughts on this?

 

[Sam1]

Could you use thehostingtool to automate payouts and the exchanges? I'm just spit-balling here but since THT has a post-2-host function, it wouldn't be too difficult to turn that into a post-4- cash system I should think.

 

[Collin]

Im sort of confused here @Sam. Do you mind elaborating on that a little more? Im not sure what THT does.

 

[Rihtar]

Could you use thehostingtool to automate payouts and the exchanges? I'm just spit-balling here but since THT has a post-2-host function, it wouldn't be too difficult to turn that into a post-4- cash system I should think.

I believe he already has a system that handles what he described.

As for my opinion, I think it's a fine system as long as the users will actually use it and it might need some persuading for that to happen, but that's just my opinion.