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What Is PayBox.me? Is it a Scam? <- This is normally my first reaction!

December 14, 2010

What Is PayBox.me?  Is it a Scam? This is normally my first reaction!

Well! A friend asked me to join and I did a day or so ago, I now have $67.16 which includes two referrals and some survey work. By the way, these are PayBox or PB Dollars.

What’s Peculiar About PayBox.me?

What this means is the money currently in your account is in PayBox dollars – as of now worth nothing until they are open to the public. They are in the experimental stage right now and will go public early next year. It is at that point when an actual value will be set to your PB dollars. The value of your PB dollars will change with the market rate set at the time of their opening.

Look at it as a way to help out a start-up company that could be as big as PayPal or eGold. They need people to test their system and they have limited funds right now to pay testers, so they are paying out in PB dollars. They have an honest intention of being a viable company in several months.

So long as you keep an active account by logging in everyday and participating in the surveys designed to get feedback so they can become competitive with other online payment processors, then you will be in line for an actual payment when the company officially opens.

If you are looking for a fast buck, this is not for you. If you are a person who believes in helping out other start-up companies on the principle of helping the little guy, then this is up your alley.

An Hypothesis!

I am not exactly sure how they are doing it, but here goes a(n) hypothesis: It is quite possible that they are using Google AdSense and affiliate networks as well as survey companies to generate funds. They then require you to take surveys every week in order to remain active! For example: The survey company that they are using has already paid me multiple times in my personal capacity prior to my signing up with PayBox.me.

For September 2010 PayBox.me had over 240,000 visitors and for October 2010 over 305,000 visitors. Good job PayBox.me! Nothing wrong with those numbers if you are a start-up in a developmental or experimental phase.

They recently updated the back office with Debit Cards with  all links going to Google AdSense!  Very smart strategy!

Let’s Have Some Fun!

Oh and bt the way if you guys will sign up for a FREE EARLY BIRD PayBox.me account I will also receive PB$10.

Let’s make PB Dollars! Who knows we may be experimenting with the next PayPal or eGold.

>>> PRESS HERE TO MAKE “25 PAYBOX DOLLARS NOW” <<<

Additional information

According to the terms of service under Account Balances:

“All account balances are held in PayBox currency. PayBox maintains a currency that is autonomous and independent of all nations and governments. The PayBox currency is denominated in dollars and cents (similar to the currency of the United States and over 20 other countries). The PayBox currency is currently in a closed system, and cannot be exchanged or spent. Before long we plan to open our currency to be spent and exchanged just as you can with any other currency. Our plans include person-to-person transactions (via the Internet and over cell phone text messages), integration with merchants and shopping cart systems, debit card transactions (through an issued debit card linked to your account), and more. The value of our currency is estimated to be close to that of the U.S. dollar. As is the case with any currency, once the PayBox currency becomes openly exchangeable, its value as weighted against other world currencies can and will fluctuate due to forces beyond our control.”

Source(s):

http://www.paybox.me/terms.php

http://realchristianityandbusiness.com/What_is_PayBox.html

http://answers.yahoo.com/question/index?qid=20100915074657AAnG0Cg

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