Bloggerwave, a service that will pay you to post sponsored articles on your blog, has received a major design change and face lift.

The Bloggerwave first launched it was basically an exact clone of PayPerPost. Everything from the design right through to the bloggers dashboard had been copied. So its nice to see this relatively new player, go for a new design and layout.

However, does this design change mean Bloggerwave can be trusted as a Paid Posting app? They have had there fair share of controversy in the past with reports that they had used funds they didn’t have to make payments through PayPal. This resulted in many bloggers not getting paid and even worse, bloggers who had been paid saw payments vanish from their accounts. Yet I have heard of bloggers now getting paid on time and with funds that actually exist.

Yet Bloggerwave really isn’t competing in this already crowded marketplace. After a quick look at the bloggers dashboard (which lists available opportunities), there were two listed one of which was from Bloggerwave. So it seems obvious Bloggerwave is having a hard time attracting advertisers, which isn’t surprising due to their somewhat shady past. Traffic wise, they are about par with similar site and service LoudLaunch.com

Paid is a sector many companies are trying to get into.  But even PayPerPost hasn’t been able to attract enough advertisers.  And with every new company coming into the Paid Posting business, more and more strain is going to be placed on the entire paid posting economy.

Im not sure if the new design on Bloggerwave means a company with better business practices.  Let me know if you have had any experience with Bloggerwave and if you have been paid by them.