Advertisers will pay you to call them - with no obligation to buy from them.
Why EV dollars and cents?
Paybuyer does something completely new: It lets advertisers pay you to call them when you are ready to buy.
Believe it or not, advertisers pay you if you end up buying from one of their competitors.
Why would an advertiser pay you when you buy from a competitor?
Because, the advertiser is paying to talk to you before you make your decision to buy. That's the key time, of course.
Advertisers pay you with EV dollars, which have real value, like normal dollars.
Did you know?
"Lottery tickets [EV dollars and cents] are significantly more efficient than all previously known micropayment schemes." (pdf)
- Ronald Rivest, Professor, MIT
When you call an advertiser through Paybuyer click-to-call, you are paid with virtual EV dollars and/or cents.
EV dollars give you the chance to win a jackpot.
So when you receive an EV dollar payment you are receiving a special kind of virtual sweepstakes ticket.
You can also think of it as a free electronic lottery ticket.
The EV dollar value of this ticket is its fair sale value. It's how much you could sell the ticket for, in theory.
Examples of EV dollars:
- $1 EV = a ticket that gives you a 1 in 100 chance to win $100 = a fair sale value of $1.
- $5 EV = a ticket that gives you a 1 in 100 chance to win $500 = a fair sale value of $5.
So, if you had 100 EV dollars, you could sell them in a fair deal to a friend or an investor for $100.
To understand how 1 EV dollar is worth 1 normal dollar, click here.
How does $1 EV compare to a conventional sweepstakes ticket?
A conventional sweepstakes ticket usually has a fair sale value of 1/2 a cent or less.
So, $1 EV, one single EV dollar, is worth 200 or more conventional sweepstakes tickets.
Size of the jackpot.
Each businesses that gives you EV dollars and cents decides how much your jackpot will be.
The minimum is $100. The maximum is $1,000,000.
Why your chances of winning are over 200 times better than a typical sweepstakes ticket gives.
Your chances of winning a jackpot are set by a formula.
Assuming a jackpot is $100:
- A conventional sweepstakes ticket usually gives you less than a 1 in 20,000 chance of winning.
- $1 EV gives you a 1 in 100 chance of winning.
- That's a 200 times better chance of winning than your typical sweepstakes ticket gives.
Now, if you have $2 EV, you'd have a 1 in 50 chance of winning that $100 jackpot.
And, if you have $5 EV, you'd have a 1 in 20 chance of winning $100 (that's a 1,000 times better chance than a typical sweepstakes ticket).
Why do businesses give you EV dollars instead of normal dollars?
Because EV dollars are much easier for you! Here's why:
- In order to give you normal dollars, businesses need proof that you are a buyer.
- So, you have to provide proof of purchase.
- Now, you don't want to provide proof of purchase just to collect $1 or $2 or even $5, do you?
- But, if you won a jackpot, say $500, then it would be worth your time to provide proof of purchase to collect that jackpot.
That's the basic idea. Instead of paying you normal dollars in dribs and drabs, we pay you in large jackpots, through a fair random selection.
It makes proof of purchase practical for you and for us.
To see a more detailed explanation, read our White Paper.
Here's a catch that's really unusual and really fair!
An EV dollar payment from an advertiser to you is valid only if you buy from one of the advertiser's direct competitors!
If you decide to buy from the advertiser, that EV dollar payment is disqualified.
Paybuyer has this rule to ensure that our payment process is legal.
Example:
Imagine Papa John's pizza paid you $1 EV to call them.
Now, if you bought from Papa John's, your $1 EV dollar would be disqualified.
But, if you bought from Domino's Pizza, your $1 EV would be valid.
You come out ahead either way!
- If you don't buy from the advertiser, you still get EV dollars and/or cents for your call, which give you a decent chance to win a jackpot.
- If you do buy from the advertiser, it means you received a better deal. The EV money doesn't matter.
The process is novel and fair. And, the steps are easy.
Next > Call via Paybuyer click-to-call on paybuyer.com or on an advertiser's web site.