NetFlip to Close as Experian Ditches Incentive Reward Sites

April 13, 2006 · 3 comments

NetFlip posted a message on their site on 4/5 that they would be “phasing out of service.” Members have until 5/5 to complete offers, and until 7/5 to cash out.
In December 2003, the credit reporting agency Experian bought Metareward, the company that owned NetFlip along with several other sites (MisterPoints, FreeGiftCentral, and MovieTicketSource). I visited those other sites this morning and got the standard “enter your email address to take part in our offers” page, and they were saying that “RewardsVenue” was the owner of those sites. RewardVenue.com has the same message on it that NetFlip has — that it’s phasing out of business, but it was posted on the 11th and has a different deadline for earning.
I checked ReveNews.com and someone had posted this from an email sent out on Tuesday by Metareward to their affiliates:
“MetaReward today announced that we have decided to exit the incentive marketing business. Your MetaReward account will not be affected as we will continue to focus on our non-incentive credit card marketing business. In fact, we will be introducing several new credit card products and technologies in the very near future that are targeted to credit card marketers.”
Metareward had been contracting out its rewards platform so that anyone can run a rewards program; it would be re-branded with your company name but it would essentially look like NetFlip. So, it looks like Experian just decided to get out of the incentive rewards business. If there were any other Metareward portals that you used (aside from NetFlip), they’ll be shutting down also.
(Thanks go to Matt for the heads-up, to Jay Weintraub for breaking the story here and for the interesting article here, and to David Lewis for posting the email here.)

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{ 3 comments… read them below or add one }

Deb May 10, 2006 at 5:10 pm

If you’ve been having problems getting your check from NetFlip like I have, fax them at 1-650-637-7817. I faxed ATTN: Check Processing Department. I have been tring for almost 2 years to get my money that I earned 3-4 years ago. I quit using them when it took a year to get the credit in my account. Anyway, I got an email 3 hours later saying that a real person had manually ok’d my check request and I should get it by June 20th. Not great, but better than I have ever gotten before.

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anonymous November 17, 2007 at 8:22 pm

Let’s just say that I worked there as and when I had surgery, they “let me go” instead of letting me work from home. I was unable to feed myself, drive or anything except stay at home. Pretty lame as the 2 brothers, wife and friends moved from Boston, started this here across the street from the old Sun Palo Alto 01 building…didn’t share anything and pushed people in the street. I now read all these things about people being screwed out of their funds and find it sad.
I wish I wrote down the names and kept it to help others here.

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gladys February 17, 2008 at 11:15 pm

This is very disappointing to find out. Something should be done to get the funds from our Netflip account since there was no media, or letters sent to members (Netflip had addresses on each account) whose email addresses changed, those who were offline due to sicknesses, or whatever the problem that this message did not get out to all Netflip members. I have been trying to get to the site and googling for the site’s URL since the start of 2007 (after a disabling accident and treatment for depression had me offline for over a year.
What is being done for these members in similar situations? There should be a class action suit against Netflip and Experian (as was the case when Microsoft took over Webtv).

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