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Personally what you decided to do above is what many people have come up with and infact it's against most, and if not, all PPC affiliate programs/networks TOS.
Overall you said it yourself, you are paying someone to click on the links meaning they are aiming to make the money rather than genuinely go to the site out of their own interest. This results in a poor visitor that is far less likely to convert into a paying customer for the advertiser.
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