This is really a big bummer to all who are planning to have a blog contest using EC credits and those who are currently in (that includes me). The team at EntreCard has disseminated an email announcing its overhaul at their place’s economical standards. They have prevented blogs to sell EC credits and have limited the amount sending to 1000 per blog per week.

1. Buy credits for less: Entrecard is now selling 1,000 credits for $6.00. You can buy them here: http://entrecard.com/r/buy_credits

2. More pricing increments: Instead of prices doubling every time, there are now a few more steps. The new price points can be found on the Advertising page in the wiki, here: http://entrecard.com/docs/doku.php?id=advertising

3. Members are not allowed to sell credits: This goes for ebay sales, posts in the Marketing forum, and posts on other forums. If you have references on your site to the sale of credits, please remove them immediately, as it is now against our terms.

4. Credit transfer limits: Members are allowed to make a maximum of 14 credit transfers a week, up to a maximum of 1,000 credits, whichever comes first. This means you can still run contests where you give credits away for free, and under 1k per week. Note: This does not affect linked blogs, you can transfer unlimited credits between linked blogs.

5. Transfer tax: From now on, all transfers, including transfers made with our new payments API, will be taxed at a rate of 12.5%. The taxed credits will be sold to members (see #1).

6. Blogs cannot be unlinked: Once you link a blog, it’s there for good unless you ask us to delete the blog from your account. This prevents linking/unlinking to get around the credit transfer limits, and it also stops you losing access to a blog if you unlink it in error, which happens a lot.

7. No more coupons: You are no longer allowed to send coupons.

8. Shop closed: Except for Entrecard upgrades (Featured Status, Fast Pass) the Entrecard Shop is now offline until further notice. Please do not request a seller token until the shop returns. When it comes back, it will be bigger and better. We’ll communicate more details nearer the time.

To know more about this latest announcement and give your needed feedback, please visit: http://entrecard.com/blog/?p=555

Anyway, you can still give out EC credits for a contest but you must need to make something that the prize would limited on it. Not a long running contest I suppose.

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