I’ve actually submitted a few blogs to their website and received offers which ranged from US $25 to $50 for a one year long text link on my blog’s sidebar.

The pay rate might not be high but it’s fairly reasonable for very little amount of work. You’ll just have to plug in the link and set up a reminder on your calender to remove it when the specific time period is up.

Do note that Money4Blogs emphasizes on Page Rank so the amount of money you get depends on your blog’s PR. Payment is made instantly via Paypal or Xoom after the link is put up. I’ve personally been paid ten minutes after I’ve put up a text link so I can vouch that Money4Blog is legitimate in their offers.