Welcome to my Paysbook review.Is it worth your while to download this app? Can you still make money from using Paysbook?
I would like to share my experience of having used this app with you.
These days there are many make money opportunities that it becomes hard to tell which ones are legit and which ones are scams. How do you choose the right option?
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The best way is to do the research. I am happy to see that you are doing the due diligence before just jumping into this business.
Before we get started, you may be interested in checking out the proven method that I have been using for 4 years now to make money online.
NAME OF PROGRAM : Paysbook
WEBSITE : www.Paysbook.com
FOUNDER : Arjay Gallenero
PRICE : Free to paid membership options.
WHAT IS ABOUT : Social Media app that allows you earn via their MLM-based compensation plan.
OVERALL RATING :
WHAT IS PAYSBOOK ALL ABOUT?
Paysbook is marketed as an app that unlike other social media platforms, pays you just for using it.
The brains behind Paysbook is a Mr. Arjay Gallenero. The Paysbook app was developed in January 2018.They have a registered physical address in Quezon City, Philippines.
Paysbooks is targeted more to the Philippines audience and that is why most of the earnings are quoted in pesos.
Paysbook essentially serves two parties.The first 'party' are the advertisers. These are the companies who would like to expand on their brand outreach to an audience.
The second part are the folks who are interested in using the platform to make some money. (The remainder of this review, is more focused on this segment rather than the advertisers.)
The idea behind Paysbook to give its users the opportunity to earn by via their MLM(multi-level) marketing compensation.
By the way, in case you looking for an easier and step by step proven method to earning money online, check out my review of the best affiliate marketing course for beginners here.
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HOWS DOES PAYSBOOK WORK?
Its free to sign up with Paysbook. Upon signing up your account will be credited with 300 pesos($6).
However to earn more money from using the app, you have to first buy an activation code. The cost is 1000 pesos ($19.60).
Once your account is active you are eligible to start earning with the app.
You can earn from 'log in rewards.' Every time you log in your account will be will credited. You can earn a maximum of 200 pesos ($3.92) per day. You can benefit from these log-in rewards for a maximum of 6 days only.
For every referral that you bring into the business you will earn 100 pesos( $3)
Then there are the matching and leveling commissions. The matching commissions work on a 'binary leg' structure.
As your team grows, referrals will be place within the right and left leg of your network. As the network grows , you can earn a corresponding matching bonus.
The leveling commissions are calculated on the amount of levels your network has made and pays you from 400 pesos ($8) to 4000 pesos ($80).
One of the other ways of earning is to have a top trending post within the social media world.
Take a look at some of the folks who have earned top media social rewards.
WHAT IS THE PAYSBOOK UNIVERSITY ALL ABOUT?
I was curious to know more on what their Paysbook University is all about. I love learning new things especially when it comes to making money online. I was hoping that perhaps there was something of value in this section.
It was supposed to offer one training on how to become an effective online marketer.
It looked like the course should have modules of some kind, however it was a totally different picture when I logged in.
The members dashboard area was plain and very much incomplete. There were no introductory videos or any training modules.
All you get is a simple introduction. Take a look below.
Paysbook University Members area
On further investigation I realized that it works a bit differently as compared to other online courses that I have reviewed that like this cool teaching platform.
I learned that one has to schedule an appointment to view these training modules.
There are three different training modules namely :
- Module One : Basic Foundation (Free)
- Module Two : How to Do Business (Free)
- Module Three : Career Ambitions (Paid)
The last paid module covers three training areas, Career Coaching ($80), Group Coaching ($90), and Corporate Life ($70).
WHAT I LIKE ABOUT PAYSBOOK
I like the fact that their initial sign-up process is free.
The app can be downloaded on both android and Apple devices.
There is a real owner to stand behind the business.
WHAT I DO NOT LIKE ABOUT PAYSBOOK
They have limited training resources to teach one one how to go about building the business.
There are a number of complaints from users. People complained about too many ads showing that resulted in slow performance of the app and having the inability to purchase activation codes.
To earn more money, you have to recruit more people.
This is not a passive income business. You have to be constantly active doing tasks in order to earn.
IS PAYSBOOK A SCAM? MY PERSONAL OPINION
Earlier on this year there was a judgment call against Paysbook from the Securities and Exchange Commission(SEC).
The official memorandum is placed on the Paysbook site. It indicates that their affiliate marketing program is terminated until further notice.
Is Paysbook a scam? At this point, I would not recommend joining Paysbook. From experience not all of their features are working at the optimal levels.
That concludes my Paysbook review. I hope that it has provided you with all the answers that you were looking for.
From here, where do you go next?
AFFILIATE MARKETING IS A REAL WAY TO MAKING MONEY ONLINE- I HAVE PROOF IT WORKS!
Let me be honest. Affiliate marketing may not be for everyone. It might be for you or it might not.
It certainly helped me to earn a passive income online. I had no experience when I first got started. It offered me flexibility so I could work on it whenever I had the free time.
The other cool benefit is that you do not have to do any recruiting or cold calling. You can build an online business based on your own passion or hobby. Most importantly it offers you the opportunity to not have to trade your precious time for money.
So, if you would like to me show you proof that affiliate marketing works and how I can help you to get started, click on this link now.
Thanks for joining me on this Paysbook review.
It was awesome to speak to you.
Looking forward to hearing from you.
Kind Regards and Take Care
Roopesh
Honestly, I think that Paysbook is some sort of fraud because I had a bad experience with them in the past. I earned some money but never get paid, I sent an email to them but never received a response. I think it is not worth losing time on that app as there are much better alternatives to earn online money just like you mentioned affiliate marketing, it is one of the most popular ways today to earn online income.
Hey man
So sorry to hear about your experience. Thanks so much for sharing with us.
Do take care
Roopesh
Hi Roopesh!
I have never heard of Paysbook until recently, but I have learned that there are so many schemes out there. I also find that you can see with almost near certainty that something is a scam when it is difficult to navigate, there’s a huge amount of ads, and there is no transparency.
The incomplete training comes as a shock to me. Thank you for doing thorough research and warning others about the risks of joining such a program.
I am a recent member ofWealthy Affiliate, and I LOVE it. I am glad you are promoting such a great platform.
All the very best to you,
Lize
Hey Lize
It’s a pleasure to meet your acquaintance. What is your username at Wealthy Affiliate? It would be awesome to meet up with you.
How is it going at WA? Should you need help with anything at all, just give me a shout.
Kind Regards and Take Care
Roopesh
Thank you for the thorough review of the PaysBook platform where you can supposedly make money online from. I was asked to get the scoop on this software by some friends, and here I am. You have done a great job laying out whether or not it is worth time and investment of money.
Based on the judgment against the website and owner I would have to say that this is simply not worth spending any money or time on. I also do not like the MLM model for business, as I have seen too many people lose money or at least not make much for their time and effort.
The concept seems to not have been built out fully, and as a result likely they had many complaints leading to the affiliate program shutdown. There are many other ways to earn money online that are legitimate (your link to Wealthy Affiliate is one good way) so I feel there is no need to have my friends waste their time with the PaysBook platform. Good review!
Thank you very much for your kinds words. Really appreciate it.
Thanks so much for stopping by.
Kind Regards and Take Care
Roopesh
Hello Roopesh, excellent review you have done concerning this paysbook and I’m glad I read this post before making any move to join them. Though I learnt of the opportunity there and it also provide a good way of earning extra income, however I don’t think I want to get myself involved in such a platform that has had a lawsuit before. There must have been a little shdy thing before and as such, I think I’ll stick to my affiliate business contentedly.
Cool, no problem.
By the way how is the affiliate marketing business going?
Now it’s 2019 where affiliate marketing is one of the biggest platforms to earn money. This article was very helpful to me because it told me everything with step by step how to earn money online easily as well as the writer shares some experience which is very useful for newbie like me. In this article mentioned an app which is passbook not good source of E-commerce. I think this article will get publicity very soon
Thanks for unveiling the truth about Paysbook. No one will like to joke about this kind of app that can give rewards any time it is opened, even for six times and will want to waste time before joining. It will even be easier since the registration is free. I also like the fact that the training can be scheduled at any time we are chanced. What’s the minimum amount(dollars equivalent) that can be cash out and how many times can the withdrawal take place in a month? I will find a way to get answer to this question.
That is a very interesting question. I will investigate further and find out what their payment threshold is. Will get back to you.
Can I still join paysbook or I should not
Hi there. In my honest opinion, I would not recommend it.
Hope that it helps.
Regards
Roopesh