I have officially signed up with Blogsvertise.
The concept is that advertisers go to them with their products and services, and they in turn match blogs that have been approved by Blogsvertise with them.
The bloggers receive detailed, instructions via email on who they will be writing about. You may write from your personal experience with the product, critique, and/or give feedback on the advertisers websites. You must include at least three links to the product or service being offered.
Additionally bloggers that refer advertisers to Blogsvertise will receive a pay-out of 20% of the amount spent by the advertisers to use the program. A very healthy percentage!
Another feature I really appreciated about this service is that pay-outs are done through Paypal. Very handy and beats waiting for a cheque in the mail.
The sign-up was very straightforward, and I have already confirmed my registration through the activation email that was sent via the support staff. It should take approx. 24-48 hours to hear back from them.
I have logged in and noted that they provide the blogger with a handy control panel which is easy to navigate. From the control panel you can check payment status, your user profile etc.
Fingers crossed that I am approved. This one looks very promising!
Here are Blogsvertise FAQ