The internet is a vast repository of information and opportunity, and that’s a good thing UNTIL you get scammed. It’s difficult to flesh out truth from lies, especially when money is a part of the picture. Before getting involved with any company that promises big money fast, do your due diligence, and find out what’s really going on behind the scenes before you let your hard-earned cash slip through your fingers. Read my SwagPay review to find out if the claims they purport are true or false.
Company Name: SwagPay
Owner: I have no idea!
Nature of the Business: Recruiting
Table of Contents
Once again, like so many companies on the internet, SwagPay paints a pretty picture of being able to make a lot of money quickly. Is it possible to get rich by following a simple three-step blueprint? Most of us know by now that there is no such formula. After some digging, the chinks in the system become apparent.
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The most enticing feature of the program is that it’s free. It doesn’t get better than that. This tactic (hook #1) naturally appeals to people looking for opportunities to make money online. In fact, not only is the program free, you’ll get paid $25 (hook #2) to sign up. Keep in mind though, this payout is “only available for a limited time.”
I’m scratching my head at this point. Can they really afford to pay every person who signs up $25? This ploy is particularly appealing to people who are down on their luck and in a position of vulnerability.
Essentially, SwagPay is an influencer website that pays you, the affiliate, ($10 -$15) for referring people to their site, with the possibility of earning up to 1K a day by following this strategy. This is hook #3, which promises a lot of money in a short amount of time. Is it looking too good to be true?
If you’d rather not get involved with referrals, you can earn up to $30 by completing certain tasks, which includes taking surveys, testing sponsored products, playing free games, and social media submissions. For instance, submitting a short video to YouTube, posting a referral link on Instagram, or creating tweets and Facebook posts for certain promotions.
This is rather curious as $30 seems like a lot for completing simple tasks. A list of the various tasks can be found in the “Task Wall” area. In return for your referrals, you’ll receive ad revenue from SwagPay. Apparently, they connect you with top brands on social media in return for your promotions. You’ll do this by sharing your own unique link. You can earn even more money by trying out apps and other offers. I’m a little foggy on what exactly that means.
Your referrals increase exposure to the SwagPay website, which increases their ad revenue. As the popularity to their site and ad revenue grows, you get paid for the traffic you referred. The money you receive is from their “sponsors,” along with the revenue from ads. I have no clue who said sponsors are. You can instantly cash out your profits by a variety of payment methods. The minimum cashout threshold is $50.
The testimonials that companies like SwagPay use on their sites never cease to amaze me. It’s the same old song and dance that I’ve seen on other sites. It’s fairly obvious at first glance that the testimonials are staged, and that people have been paid to write them. All you have to do is hire someone on Fiver.com to write a testimonial for five bucks. (Hook #4)
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The first testimonial states that “Emily” made $27,000 in just four months. Really? C’mon? Michael made 172K by selling sneakers, in an unspecified amount of time. If it were that easy, wouldn’t more people be making a killing online? And wouldn’t more people have heard of SwagPay? It doesn’t add up.
A quick Google search of “reviews for SwagPay” brings up some pretty curious comments insinuating that people are not getting paid, and what’s more, they’re not able to cash out their previous earnings. Um, hello red flag. If the purpose of signing up is to make money, but you can’t get paid, that’s the ultimate definition of a scam. DO NOT give them your PayPal information.
The company professes to have been in business for seven years. On their info page, however, it states that they’ve been in business for over 10 years. However, I can’t find any signs of their presence until recently. Under the F.A.Q. section on their homepage, it states that “We have been in the internet marketing industry for ‘a while’ now.”
They then go on to explain that “our parent company” has created internet monetizing solutions since 2005. Well, ok… Who exactly is the parent company? More red flags. It’s all seems rather vague. Supposedly, SwagPay has over 500,000 members, with 200K of those members making money with “their sites.” What sites?
Ok, let’s do the math here just for fun. If 200,000 people got paid $25 just for signing up, and each one of them made two referrals (at $10-$15) at another 25 bucks, that would be a grand total approximately 10 million dollars. And that’s if members only made two referrals.
Are you scratching your head yet? But, rest assured, they provide “straight transparency” to their members. And how is that different than mere transparency? Earning with SwagPay is “simple,” getting paid is “simple,” and getting started is “simple.” Ok, I get it, it’s all so simple. Hello hook #5!
Frankly, I don’t get it. I get that you earn money by making referrals to their website, but what’s all the talk about surveys, other “offers,” and sponsored products? It’s not falling into place for me. But then again, scams rarely do.
As the video says: “What are you waiting for, sign up, invite some friends, complete some daily tasks to earn some money. Create a daily routine, do the tasks, and become RICH.” Well, I have to say I’m relieved that I can make money that easy. Eyeroll…
Make Money Online The Right Way
The internet is teeming with scams. Fortunately, there are legitimate ways to make money online, but rest assured, it won’t be easy. In fact, it will take a lot of hard work, patience, perseverance, and time. Building a thriving online business is no different than any other endeavor, whether online or not. It’s not possible to get a lot of something by doing a lot of nothing.
I joined Wealthy Affiliate in 2017, and have been busy building my business every day. Although it takes a lot of effort and consistency, the payout is worth it and the rewards are long-term.
Knowing that I’m investing in my financial freedom one day at a time keeps me motivated and in the game.
Read my review or click on the banner to the left to learn more. You can get started for free today.
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What do you think? Is SwagPay a scam? Let me know in the comments:)