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PalmBux moved to Scam Sites List

Posted on August 29, 2010 by Mhel Ignacio | 2 Comments

I knew this was coming…

I have moved Palmbux PERMANENTLY to my Scam Sites list.

Here’s a screenshot of the statement from the admin. I decided to take a screenshot just in case the thread “magically” disappears *grin*. Click to zoom in.

You can also check out the forum thread here. You need to login to see the post.

The first time I posted here about Palmbux’s Paypal account getting frozen was back in January 2010. They managed to get their account restored. But, this time around, I don’t think they’re even planning on fixing their Paypal account.

Palmbux also implemented automatically charging members an advertising fee when withdrawing their funds, which is the same as requiring members to invest on the site to receive payment – a clear sign of a scam site.

I just find it funny that the admin is claiming that they are not earning anything from their site. They said “Payments are to 100%, what we receive we send it out“, which I highly doubt is true. Who, in his right mind, would stay to keep a PTC site running without earning a single cent from it?! He said this has been happening for months now. WOW.

If you ask me, PalmBux is just trying to hook or fool more people by coming out with the truth, like they’re now being honest to all the members. C’mon! You’re just doing that so people won’t leave your site and they’ll all agree to reset all the balances to zero. I’ve seen that before! And that site is now on my Scam Sites list.

What I’m doing now with PalmBux is continue clicking for the advertising credits. But, as soon as they reset the balance to zero, I’m out. And, please, let’s stop making excuses for them. Palmbux is now a scam site and the admin doesn’t seem to really care about all the money the members have lost. I just wish there’s some way Paypal can show us the real status of Palmbux’s account with them. I bet they’re now running away with thousands of dollars from their members.

For now, check out my complete list of trusted online money-making sites.

PalmBux Charges 10% Advertising Fees Upon Paypal Withdrawal

Posted on June 20, 2010 by Mhel Ignacio | 2 Comments

Palmbux has implemented higher fees when you withdraw earnings from them. According to them, it’s part of the 3-step program to bring back instant payments. I’m a bit skeptical about these changes, but, I guess we really have to see if what they’re saying is true. For now, I don’t recommend you upgrading or even investing in Palmbux.

Here’s my take on this 3-step program (read more details at their forums):

For months, Palmbux has implemented cash flow regulation. According to them, it was because of the Anti-Money Laundering Act that affected their business. They said they implemented it to limit cashouts so they can continue to use Paypal as one of their payment processors.My take: I still believe that one of the reasons they implemented this cash flow regulation is to make it hard for members to withdraw their money. I’ll only believe them completely once they bring back instant payments for good.
ADVERTISING FEE. They are now charging members advertising fees during withdrawals. According to them, this is to ensure that the cycle continues and members get more ads to click. They charge 10% for Paypal withdrawals, a whooping 16% for Alertpay. Crazy, right?!My take: This is like other PTC sites that require their members to invest before they can withdraw their earnings. I don’t like this at all. They claim that this should be all good since members will continue to have ads to click while still earning. But, 10% and 16% is freaking too much! They claim that Palmbux is bigger than any other site that’s why they have more tax restrictions and management values, which I completely doubt. So, I don’t really recommend investing with Palmbux.

What do you think of these changes they implemented on Palmbux? I don’t understand why a lot of members are happy with these updates. Let me know what you think, aight?