PayBit Club Review - Scam or Legit Crypto Investment [Explained]

PayBit Club Review – Scam or Legit Crypto Investment [Explained]

Welcome to my PayBit Club Review!

PayBit Club claims to let you make money with cryptocurrency investing. In this review, I am going to reveal everything about it. Many people have wondered if it is legit or a scam. That’s why this review is written to answer that question.

This review consists of information like:

  • What is PayBit Club?
  • How Does PayBit Club Work?
  • How to Join PayBit Club?
  • What Do I Like About PayBit Club?
  • What Don’t I Like About PayBit Club?
  • Is PayBit Club A Scam?

Before I start, I must congratulate you for spending time to do your own research about the truthfulness of any program.

It is important to check a program’s review before buying it because there are too many scammers online!

I am not associated with PayBit Club in any way so rest assured that I am not here to sell you anything.

PayBit Club Review Summary

Product Name: PayBit Club

Founder: Daniel Cruz, Jairo Flores

Product Type: Cryptocurrency merchant processor

Price: Free

Rating: 3/10

What is PayBit Club?

PayBit Club is a Cryptocurrency merchant processor that is based in the United States. There are no known founders on the website, but according to multiple review sites, it seems to be founded by 2 people known as Daniel Cruz and Jairo Flores.

There seems to be no other information about the 2 founders on the internet. Other than the fact that the platform is founded by 2 entrepreneurs that are set out to eliminate intermediaries by facilitating the usage of cryptocurrency.

So what does PayBit Club do? Users join the platform as merchants.

Merchants simply set up their store by using the platform to sell products. Once a transaction has been made, PayBit Club will take 2% of the total amount.

They have also specified in their terms and conditions that they are by no means a place to trade cryptocurrency.

How Does PayBit Club Work?

PayBit Club offers people with no ecommerce experience a lot of tools. Tools that are offered to create an ecommerce store are highly similar to WordPress. The site even offers SEO functions to make it more user friendly.

Merchants on the website type in a specific amount to charge for their product. After that the merchant will have to ask if the customer wants cash back for selling Bitcoin. Merchants earn 6% for buying Bitcoin from customers.

A QR code will then be issued to the customer. The customer then scans the code and has to authorize a one block confirmation. The merchant will then receive funds from the selected wallet.

Basically, PayBit Club reinforces the idea of the merchant becoming an ATM for the customers and earning more commission at the same time.

How to Join PayBit Club?

Joining PayBit Club should be as easy as joining other websites, social media or online platforms. All you have to do is log in to your account.

If you do not have an account, you can always sign up for one. However, the “Sign Up” feature for PayBit Club is broken. When I click on the link, it does not redirect me to the page to sign up.

Therefore, it is safe to assume the website is not complete and no more information can be obtained.

What Do I Like About PayBit Club?

1. New business model

Cryptocurrency is a volatile market and not many people have started to use it. It’s security and guarantee to ensure anonymity is a great asset. In this data driven era, cryptocurrency just might be the future.

This is why it is not wrong of PayBit Club to explore this business model of being an ecommerce platform that runs on cryptocurrency.

What Don’t I Like About PayBit Club?

1. Fake business address

PayBit Club’s website has a section where it states their address. The address stated was “2 North Central Ave, Suite 1800, Phoenix, AZ 85004”.

I have looked up the address to find out that it is not their company occupying that address. Suite 1800 was occupied by a law firm named “Knowles Law Firm”. Perhaps you might wonder if they had a typo, but it was the same exact address used by PayBit Club.

A legitimate business would not have needed to hide their exact address.

2. Incomplete website

A lot of things are not functionable on their website. For example, I have mentioned about their “Sign Up” button to be broken. Not only that, their call to action button “Get Started” is also not working.

Under the “Market” title on their menu bar, the page seems to be not working as well. When I clicked into it, the page only displays a HTML version of the website and nothing more.

An incomplete website is not only unappealing, it also demonstrates the lack of professionalism.

3. Weak online presence

All I know about their founders are their names and nothing more. There are no LinkedIn bios or other social media accounts to verify their identities.

Their corporate account on Facebook and Instagram seem to be weak as well. With only a mere 100 to 200 likes and followers on Facebook and Instagram each, it does not seem well established.

Is PayBit Club A Scam?

It is still early to determine the facts for this platform. A recent domain check up revealed that their domain was bought in February 2020.

This suggested that their website may be new and yet to be fully developed. However, multiple sites have already been calling it out as a scam.

Cryptocurrency is still a mystery and is unpopular in the market. I suggest you stay away from this platform and watch what happens to it in a few years.

There are other ways to make money online that are safer than this. You could start a dropshipping business or even a freelance career. All it takes is a few months of self learning.

I have made money online myself and I can guarantee you that it’s certainly not easy if you are creating consistent income.

For example, I make money by promoting products on my website and I do search engine optimization (SEO) on my website to gain traffic from Google.

Thus, I don’t have to spend a dime on advertising and yet I get hundreds of visitors on a daily basis.

If you would like to learn more about how I did it, please feel to check below for how I make money online.

At last, I hope this review is helpful to you because I don’t want anybody else to waste time like I did.

Please feel free to leave a comment or share this blog with your friends to raise awareness. Thank you.

 

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