Are You A Member Of Paysbook?
By Janeth
@janethwayne (5191)
Philippines
March 14, 2019 1:16am CST
Another networking site that you have to pay 1000 peso to activate your membership and then you can start to recruit people to sign up as a member.So are you a member of Paysbook or have heard about this or have tried to earn there.I have a friend in Facebook that posted that she withdraw money from her fruit of labor in that site.
I am a member there myself but I did not pay any amount because I am in doubt.But if it is true that it will give you profit then many people will be lucky because they have a source of income especially in a poor barangay.What do you think guys.I don't know if this is also available international.
18 people like this
21 responses
@owlwings (43897)
• Cambridge, England
14 Mar 19
Paysbook has all the hallmarks of a pyramid scheme (which is illegal in most countries) although it does, apparently, have some "products" so that it just - but barely - comes within the law. Any site which charges you money to 'activate' your membership and then pays you something when you recruit other (paying) members is almost certain to be paying the older members from the 'subscriptions' of the newer ones, even if it appears to be offering a "product" in the shape of an e-commerce site.
My advice? Stay well away! Do NOT waste your money (even as little as 1000 pesos)!
5 people like this
@owlwings (43897)
• Cambridge, England
14 Mar 19
@hereandthere Nice one! Basically what it says, in layman's language, is that the company ("Paysbook") is acting illegally and that anyone supporting them or persuading others to join the scheme is committing a criminal act and is liable to be prosecuted and also reported to the BIR (Bureau of Internal Revenue) who will chase you for the appropriate penalties and taxes.
@janethwayne I would strongly suggest that you pass this information on to your 'friend'!
2 people like this
@hereandthere (45628)
• Philippines
14 Mar 19
jj even found a warning from the sec
https://support.coins.ph/hc/en-us/articles/360000130962-What-is-the-latest-SEC-advisory-on-Paysbook-E-Commerce-System-Co-LTD-
1 person likes this
@janethwayne (5191)
• Philippines
14 Mar 19
Well I don't really know.They have this log in log out or recruiting members and they will earn like that.
1 person likes this
@Janet357 (75638)
•
14 Mar 19
@janethwayne dont pay. If it’s legit, they must show its proof.
1 person likes this
@jobelbojel (36796)
• Philippines
14 Mar 19
It was offered to me but I can't spend 1000 peso to activate my membership. I'd rather stay on sites that does not ask for fee. I also see my high school classmate sharing or asking people to join.
2 people like this
@jobelbojel (36796)
• Philippines
14 Mar 19
@KlyliePot I don't know. I don't want to risk my 1000 for a site that is not known to be okay.
1 person likes this
@wolfgirl569 (135966)
• Marion, Ohio
14 Mar 19
If they charge I dont join. To me its like paying an employer to hire me.
2 people like this
@FayeHazel (40230)
• United States
14 Mar 19
I don't know of that site - but I would be suspicious if they are charging for the opportunity
2 people like this
@janethwayne (5191)
• Philippines
14 Mar 19
Thank you.yes I guess they charge the members.
1 person likes this
@owlwings (43897)
• Cambridge, England
14 Mar 19
It is very much NOT legitimate! In fact, it is acting illegally in the Philippines - see the link posted by JJ and hereandthere. Do NOT have anything to do with it and please tell anyone else who you might comae across who seems interested in it to leave it well alone!
3 people like this
Let me check their links.
@arunima25 (93194)
• Bangalore, India
14 Mar 19
I never go for a site that charges to earn. I would just stick to free ones even if they are slow in earnings.
2 people like this
@florelway (23339)
• Cagayan De Oro, Philippines
14 Mar 19
Am not so keen on this thing.
1 person likes this
