TuneCore, a well-known digital music distribution service, has recently come under scrutiny for deceptive business practices. Independent artists looking to sell their music on popular streaming platforms are enticed by the company’s platform and promises of retaining full ownership of their work. However, many users have reported a hidden catch – artists must purchase a pro subscription, costing $50, to be able to sell their music.

Unfortunately, after artists pay for the subscription, TuneCore may refuse their application without providing a clear reason, effectively locking them out of their accounts. This has left numerous artists feeling scammed, as they’ve paid $50 only to be denied the services they were promised.

Protecting Yourself from TuneCore’s Unfair Practices

To avoid falling victim to TuneCore’s questionable business tactics, it’s crucial to research alternative digital music distribution services before committing your hard-earned money. Be sure to read reviews from other artists who have used the service, and consider reaching out to fellow musicians for their recommendations.

If you’ve already encountered these issues with TuneCore, consider contacting them to request a refund, emphasizing that you’ve not received the services you paid for. If TuneCore refuses to provide a refund, you may need to explore the option of filing a chargeback with your bank or credit card provider.

By staying vigilant and researching your options, you can protect your music, your investment, and your rights as an artist. Remember, your creative work deserves a fair and transparent platform that supports your goals, not one that exploits them for financial gain.

The “No Refund Policy” Trap and Its Implications for Artists

TuneCore’s “no refund policy” adds another layer of frustration for artists who fall victim to their deceptive practices. It is only after payment that artists can submit their album for verification, only to find that their work is likely to be refused without a clear reason. This policy further aggravates the situation, as artists are left feeling helpless and robbed of their money.

A reputable music distribution platform should provide a transparent and fair process for artists, including a reasonable refund policy if the services are not provided as promised. TuneCore’s “no refund policy” is yet another red flag indicating that their primary focus may be more on making money than genuinely supporting the artistic community.

When researching alternative music distribution services, be sure to examine their refund policies and terms of service. A fair and artist-friendly platform should have a clear and reasonable refund policy in place, ensuring that you are protected should any issues arise. Always prioritize your rights and the value of your creative work, and avoid falling into the traps set by unscrupulous platforms like TuneCore.

The post Beware of TuneCore’s Deceptive Practices: Protect Your Music and Your Wallet appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

The firm, which provides mobile app-based current accounts as an alternative to physical banks, has been referred to by some as a “tech superstar”.

Why is Revolut so controversial?

But before that, let’s understand what Revolut is? 

What is Revolut?

Revolut offers a range of digital banking services in a mobile app targeted at young, tech-savvy users, including:

• Transferring money abroad in 29 currencies
• A pre-paid debit card that enables cash machine withdrawals in 120 countries
• A cryptocurrency exchange allowing users to convert currencies into Bitcoin, Litecoin, Ethereum, Bitcoin Cash or XRP
• Vaults for budgeting and saving money
• Mobile phone and overseas medical insurance

Users get a free UK current account and a free euro IBAN account with standard accounts. There are no fees on exchanging in 24 currencies, up to £5,000 a month. Also, you can withdraw up to £200 a day and up to £3,500 a day on Revolut Metal plan, from cash machines.

Revolut also offers monthly subscription plans with higher thresholds for no fees, as well as instant access to crypto-currencies, cashback, cash withdrawal, travel and concierge service.

Why has Revolut been in the headlines so much?

In February, Revolut launched an advertising campaign featuring an ad that highlighted the number of people who ordered a takeaway meal for one on Valentine’s Day in 2018.

The ad, which asked, “You ok, hun?” sparked a backlash on Twitter. Revolut has done “shaming” single people and being both “intrusive” and “tone-deaf”.

In February, the Telegraph said that in the summer of 2018, Revolut disabled a system designed to automatically halt transactions to individuals who matched against sanctions lists.

Sanctions lists contain the names of individuals whose assets have been frozen and include those connected with chemical weapons violations as well as members of the Islamic State.

The system flagged the transaction for inspection but still allowed it to go through.

Revolut told the BBC: “At no point did Revolut stop checking transactions for sanctions compliance last year. Nor was there any failure in our sanctions screening procedures.”

Our Experience with the Revolut

Our personal and business experience with Revolut is scary, as they blocked our paying accounts. It’s crazy but suddenly, they deactivated our company account that was connected to the website CryptoUpdate.io

With this blocking activity, We cannot pay salaries to our employees. Currently, we have 2 employees from Ukraine. We trying to support the Ukrainian people somehow by giving them jobs. 

Back to the story, Revolut just deactivated our company accounts and blocked all payments and cards. 

Moreover, the company account was live for 4 months and everything was working perfectly, but today we just got blocked without any reason. We tried to contact Revolut support by chat to know their narrative or at least to explain why they deactivated the account, but they refuse to answer this question. Even we asked for the contact of the top manager or director or at least asked them to contact us back by phone or by email, but they refused this request as well.

So, now we can confidently say that Revolut and Revolut Business is not a bank and does not comply with European financial laws. It’s just a cheap finance company that is doing what they want, and it’s against the EU laws as they can deactivate the account without any reason and block payments, transfers, cards, exchanges etc.

Furthermore, they left us with the only option to exchange money for the company’s local currency (even not to euro) and send it via bank transfer within 60 days.

Not Suitable for Anyone!

People who are reading this on the Crypto Update are highly NOT RECOMMENDED to use Revolut for Personal or for Business purposes. The Behavior of Revolut is not politically correct and is against the financial EU laws.

To conclude, we can say that Revolut set up a monopoly and did what they want. Opening an account with Revolut is highly risky, as they can block it at any time without any reason. Clients cannot trust Revolut.

Imagine that you went on a vacation to another country and your card was suddenly blocked.

The post Revolut Deactivated / Blocked My Account- Here’s What Happened? appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

It all started after a message appeared on their website which read: “We scammed you guys, and you can’t do **** about it.” The news spread quickly and Twitter users started talking about a probable scam. However, a little later Defi 100 came up with a clarification that their website was hacked. They also confirmed that the message was taken down.

Defi 100 is a blockchain-based project and has a total token supply of about 2.5 million tokens and the total value locked is approximately $32million. Though the project operators have clarified and blamed it on hackers, it is still unsure if the project is not a scam.
At the time of writing this article, their website is still down and there is uncertainty when it will be up and running again – if at all it will be. Following the reports, the prices of Defi 100 have plunged dramatically. Last reported it was down 25% according to Coindesk.

Scams in the crypto world are not uncommon but in 2021 the numbers have come down. The total amount lost to scammers this year so far has been significantly less than the previous when compared for the same period (Q1 ending March 31).

The post Scam Alert: Did DeFi100 Crypto Project Scam Investors of $32 Million? appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.