Now, you can sign-up for new CashOut program from Entrecard! I thought they said this program will be launch on Saturday but they have further the progress few hours earlier? Here is a few popular questions as stated in the website:

Do I have to have a paypal account to join the program?
Yes. Entrecard will only purchase credits via paypal. We will not accept participants who do not meet this requirement.

How long will it take for my application to be approved?
It may take a few days for your application to be processed.

Do you really need all this information?
Yes. Failing to provide it, or providing false information will result in the rejection of your application.

Does acceptance mean that Entrecard might buy all my credits away?
No. Even if approved and selected, the CashOut system will never buy any credits you have not specifically transferred to your CashOut balance.

Does acceptance guarantee Entrecard will pay me money?
No. Acceptance simply means the system will consider you as a source of credits to purchase. The algorithm that makes decisions as to who to purchase from considers a number of factors, both user and funds related, and is subject to change.

I have sign up the application and it is waiting for approval now. Hope my account will be approved as soon as possible and then I will be able to see how is the CashOut program works since it requires an valid PayPal account also.

If this is workable, I think it will become another source of income for blogger and website owner out there although I am still not so familiar how the system works but I am going to dig more information later and do some research on the next few days.