PayingPost is the newest paid blogging company on the block. It has an uncanny resemblance to PayPerPost, right down to the layout of the opportunities page. PayingPost also functions a lot like PayPerPost does.

So, how does PayingPost work? Once your blog is approved (you first submit your blog, install a tracking code for PayingPost to verify blog ownership with, and then the blog is put up for manual review and approval), you’ll be presented with a list of opportunities that you are eligible for. Each opportunity listing will briefly detail the product or service (examples: Verizon cell phones, bankruptcy, Blackberry plants, vehicles, etc.) you’ll be writing about, links and/or images you should include, and the minimum word requirement. The payout for the opportunity (I’m unsure of the minimum, but I’m going to guess $5-$10) will also be listed.

Once you reserve an opportunity with PayingPost, you will have six hours to complete it.

Unlike other paid blogging companies, PayingPost does not have a set pay period (monthly, weekly, bi-weekly, etc.). Instead, you must wait until your account balance reaches $25 or more, and then you will be able to cash out.

So far I have taken just one opportunity for PayingPost (you can read it here). I’ll let you know how payout goes as I do more opportunities!