I could almost file this under "Breaking News" since I've looked for information on this literally for weeks.
I have had an account with PayPlay.fm since late 2008, and not long after I joined I noticed something odd. No new music was appearing. Browse by "Date Added" and the updates stopped in November. That appears to remain the case through today.
PayPlay.fm offers a fairly decent service at a reasonable price, if one happens to like music a tad out of the mainstream. I found a remastered version of 4 out of 5 Doctors' eponymous debut as well as appropriately titled followup, "Second Opinion" at an excellent price, for example.
But how can the business continue without adding new product? And why does it remain so difficult to obtain any official information about exactly why the company stopped adding new material?
I can't recommend PayPlay.fm without reservation, but if you find the same music there and at Amazon or Itunes you'll probably pay less at PayPlay.fm. Plus its association with StumbleAudio makes it fairly easy to find indy music worth downloading. Might they go out of business while customers have a balance on their accounts? Yes, that does seem to be the case.
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