BlogBank Blog

We’ve been getting queries from some of our publishers/bloggers regarding the status of payments for campaigns concluded in the last few months that I think we should blog about it now. As of writing, we sadly are not yet done producing the data for all campaigns after May 2008.

First of all, please accept our apologies for being unable to send out your payments. We are very sad about this, too.

Primarily, we are having trouble with some possible taxation issues as we are effectively passing money from one company to another entity. BlogBank being a Filipino company, we have specific laws that categorize transactions we do as taxable, and this may include the payments we pass on to our bloggers. I wish I could explain things further but I’m seriously not qualified and just as clueless; as bloggers ourselves we would’ve wanted earnings be passed on to the publishers before taxes. This would’ve resulted in a similar setup to AdSense publishers where they (we) receive payments as is and settle our respective taxes on our own. Under Philippine laws though, we cannot apply a similar solution.

As a result of the legal barriers we have now, we are unable to compute the earnings for all blogs running BlogBank ads. Typically, earnings are computed by a simple formula that pegs traffic data against the total money set aside for the blogs of a given campaign. Unfortunately, the said “total money” is no longer a fixed value as it may be subject to certain taxes and similar things. We have been consulting with experts in this matter to make sure every action we take is fair and legal.

Be assured that we do have the capacity to pay and checks will be sent out as soon as we can. We are working hard to iron out the kinks to avoid possible legal troubles in the future. More updates on these matters soon.