PaysBook Review- [Social Media App That Pays or SCAM?]
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?
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.
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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.
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.
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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.
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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