A hot scam right now is the paid to click Ponzi advertising scam. The way this scam works is you buy ad packs so you can make money by clicking on ads to create traffic for others who have done the same. It is basically a closed marketing system where you are marketing to other advertisers and clicking on each others ads. My subscribers have requested I take a look into My Paying Ads. Here is what I have found.
My Paying Ads Scam Claims
My Paying Ads is a viral advertising site which delivers very high quality Pro traffic within short span of your advertisement placed.
It also offers revenue sharing on ad pack purchases which brings two-fold benefit to you. The ad pack plans are prepared so thoughtfully in view of long term stability to the site with continuous and progressive earnings to its members. They are sure to bring success.
Ad Pack plans for everyone’s budget (from $1-$50)!
Revenue sharing for every ad pack until 120%-150% returns!
10% referral commissions!
Earnings from Paid-to-View Ads!
$5 minimum add funds!
$5 Minimum Cashout and $500 Max Cashout per Day!
Quick Payments; Payout requests are processed from Mon-Fri!
No Membership Fee!
View 10 Ads Daily to Claim Revenue Sharing!
My Paying Ads Scam Reality
My Paying Ads was launched by Uday Nara back in March of 2015.
Here is what Uday has to say about his background:
A brief note on my self. I am Uday N (aka Nalam Satyanarayana – but preferred to be addressed Uday) from Singapore and have been closely studying several internet earning sites since sometime and have been full-time internet marketer since 1st Feb 2015. I am a mechanical engineer by profession and bear a PhD in the same field. I took up full-time online works since 1st Feb 2015, because of two prime reasons: (1) To work for my self without any boss (seriously!!!) and (2) To take care my younger son who is a Boy with special needs (Downssyndrome). – Source Mypayingads.com
My Paying Ads is an old scam with a new name.
My Paying Ads is a type of scam that has been run under many names on the internet. This scam is where you buy ads to participate in a revenue share and you click on ads to create traffic for others that buy ads to participate in the same revenue share. It is basically a closed marketing system where you are marketing to other advertisers. Here are the names of some other scams that have come before: UTS Profit Ads, TrueAdProfits, and Adhitprofits.
The traffic you are buying with My Paying Ads is near worthless traffic for anything other than the make money online niche. The reason it is near worthless is the vast majority of people that are clicking to go to your site are people that are trying to make money by participating in the revenue sharing and are not people who are looking to spend money as customers. Untargeted traffic is absolutely useless and does nothing for your business.
The common argument that is made to justify this type of scam is that, “I have received a payment therefor it is not a scam.” This is what makes Ponzi schemes so effective at taking money from people. Some people will receive payment, but once the amount of people joining the scheme slows down it fails and many lose their money.
With My Paying Ads referral Commissions are where the money is:
They are currently under review by Paypal and are not able to pay people. This is the second time My Paying Ads has been up for review by Paypal:
Their attempt to put pressure on Paypal with a petition and social media did not work very well:
The below information is in transition as this company tries to get out of Paypal jail.
Cost
It is free to join. You have to buy ad packs to participate in the revenue sharing. It is a minimum of $5 to join the revenue sharing.
Products
1. Business Directory – For every Ad Pack purchased, member gets 20 credits (for every $1 value of Adpack) to list their business in our Daily Surf Page. The listing are displayed in rotation with all other listings.
2. Login Ads – These ads are viewed by all members that login in to their account daily to surf the ads.
3. PTC Advertisements – Paid To Click advertising helps to get targeted visitors to your website / link.
4. Banner Ads – We offer rotating and fixed (static) banner ad packages, in 3 different sizes, (125×125,468×60,728×90).
5. Text Ads – We offer rotating and Fixed (static) text ad packages.
6. Solo Ads – You may use this ad service to email our members with your opportunities.
7. PPC Banners – Pay per click (PPC) is an advance advertising option where you get guaranteed visitors to your website / link.
Below are the AdPAcks offered:
Plan Type / Cost of Ad-Pack / Surfing Credits / Revenue Sharing / Maximum number of Ad-Packs one can purchase
Ad-Pack Plan 1 / $5 / 100 / Up to 120% / 500
Ad-Pack Plan 2 / $10 / 200 / Up to 120% / 500
Ad-Pack Plan 3 / $25 / 500 / Up to 120% / 500
Ad-Pack Plan 4 / $50 / 1000 / Up to 120% / N/A
Compensation Plan
They offer a 10% referral commission on every purchase made by your direct (Level 1 only) referral. The 10% referral commission is distributed as 30/70-CashBalance/Re-purchase Balance.
They share profits (excluding 10% that is paid as referral commission and an additional Admin Fee) from every product sale, with all members who have purchased Business Listing (Adpacks). Each $1 value of Adpack gives you 20 Business Directory Listing Credits.
Eligibility to receive profit sharing:
1. Members must first purchase Business listing (Adpacks).
2. Then the member MUST also log into My Paying Ads account on a daily basis and surf at least 10 of our members Business Listings from “surf ads” page. Alternatively, members may purchase the low cost surf-free plan.
70% of Ad packs earnings (excluding referral commissions) are placed into a repurchase account. This amount can only be used to purchase more Ad Packs or ad credits.
Withdrawals are allowed from Monday-Friday at MyPayingAds. Minimum amount to withdraw is $5 and maximum amount each member can withdraw is $750 per day.
Income Disclosure
THERE IS NO GUARANTEE OF SHARE EARNINGS AND MONEY SPENT ON ALL PURCHASES ARE NON-REFUNDABLE. – Source Mypayingads.com
Return Policy
ALL PURCHASES ARE NON-REFUNDABLE. – Source Mypayingads.com
My Paying Ads Scam Conclusion
It is time for people to wake up and stop joining the same scam over and over again!
In my opinion, My Paying Ads is running a Ponzi scheme. They are using new money from advertisers to pay previous advertisers. With near worthless traffic, there is little or no reason for someone to buy My Paying Ads ads unless they want to be part of the revenue sharing program. To keep the Ponzi scheme running as long as possible 70% of ad packs earnings can only be used to purchase more Ad Packs or ad credits. I would avoid the My Paying Ads scam.
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The post My Paying Ads Scam? Yes It Is In My Opinion! appeared first on Ethan Vanderbuilt.