I review digital products and companies claiming that they know how to help you to make money online.
It includes MLMs or companies dealing with cryptocurrency.
One of them is called PetronPay and if you wondering whether it is legit, this review answers that question, thoroughly.
The crucial question is – Can you really make money with this company?
UPDATE:
This Ponzi scheme has already collapsed.
People who “invested” their hard-earned money lost it all.
The PetronPay website doesn’t work and the owners most likely disappeared and already working on a new Ponzi Scheme, similar to Petron Pay.
The website petronpay.com was available for sale. As of the update it is taken.
As a result of that, the founders created a new website, Petron-pay.com, but essentially it is the same thing.
Please go through this article to find out how these scam artists work, and what to check, for example how to double-check their postal address.
Jump to:
- What is Petron-Pay.com?
- What Is PetronPay?
- Is PetronPay a Pyramid Scheme?
- How to Join the PetronPay
- What is the Price of the Packages?
- How Does PetronPay Work?
- Compensation Plan
- PetronPay Red Flags
- Is Petron-Pay com the Successor of PetronPay?
- What Other People Think About PetronPay
- Petron Pay Pros and Con
- Is there another way how to invest?
- Is PetronPay a Scam?
What is Petron-Pay.com?
The New website Petron-Pay.com is the most likely successor, but it is the same scam.
Below I have listed a few major red flags.
Now back to the PetronPay Review:
In the following PetronPay review, we are going to check how it works, and what are the pros and cons and in a few minutes, you are going to learn the truth about PetronPay.
Let’s get started.
Disclaimer
Please note, I am not a member or an affiliate of PetronPay.
This review is based on research and information available online in the public domain.
Any recommendations and conclusions are only opinions and may not apply to all persons or situations.
PetronPay Overview
Name: PetronPay
Website: www.petronpay.com / Petron-pay.com
Price to Join: $25 – $1,999
Recommended: No. This is a Ponzi Scheme.
MLM type of business is not viable anymore.
Let alone Pyramid Schemes.
Therefore, I recommend Affiliate Marketing.
Check the Pros and Cons of both business models (Affiliate Marketing vs. MLM).
PetronPay Com Summary
PetronPay is supposed to be a digital investment company that invests in oil.
It operates as multi-level marketing, but it has no retail sales, in other words, this MLM company has no product to sell. The only money a member can make is from recruitment.
With that being said, PetronPay is considered a pyramid scheme, and it is highly recommended to stay away from this company.
Don’t get involved in Pyramid Schemes.
There are many legal ways how to generate consistent income.
If you are really interested in trading, I can show you a legitimate company that has plenty of educational materials, provides trading signals and members have direct access to the mentors.
What Is PetronPay?
PetronPay is supposed to be an investment company where you can buy a package (your investment) for a certain price.
Apparently, they invest in oil, and you are promised a high ROI (return on investment).
The problem is that the only way how to purchase the package is by using Bitcoin.
To me personally, this was the first red flag, and there will be more of them. (Whenever there is a company that deals with cryptocurrency and operates as an MLM, the chances are high that it is a fraud).
Another problem is that PetronPay is an unregulated company and the main issue is that all unregulated companies are untrustworthy.
PetronPay – Useful Information
This company was founded in 2019, and also their website petronpay.com was registered in December 2019. So as of this writing, it has been less than a year.
According to its website, the CEO is a person called John Grant.
There is no other information about this individual.
One would assume that such a great businessman has a profile on LinkedIn.
But it is not the case.
This guy has only an Instagram profile that is accessible from the Petron website.
As already said, the website is less than a year old but the traffic has significantly risen in the last few months.
That means that people based on false beliefs go to the site and most likely buy the packages PetronPay has to offer.
As of today’s writing (November 13, 2020), the most traffic is coming from Togo (almost 30%), and then Cote D’Ivore, the USA, Benin, and Cameroon.
UPDATE: September 2, 2021.
I was curious about their website so here is what I found out at the beginning of September 2021.
According to the website similarweb.com, the number of visitors skyrocketed in April 2021.
The Total visits for April were more than 9M.
Then it dramatically decreased to about 2.5M per month.
Still quite a lot.
Here it is based on Geography:
It is obvious that in most countries people tend to leave the PetronPay site.
UPDATE December. 2021
Their website has been shut down.
This Ponzi scheme has collapsed already.
The website doesn’t exist anymore.
It is possible they have created a new website, Petron-pay.com, but it is very unprofessional and there are big red flags as well.
But I must admit the marketing they use has been really good.
They have scammed a lot of people…
Of course, the decline in traffic could have been caused by the summer in the northern hemisphere.
Also, research shows that they keep changing rules, so it becomes difficult to get your money back.
It only underlines the fact that this is just a Scam and Ponzi Scheme.
Let’s continue with the original review:
We are about to find out that it is better to stay away from PetronPay.
(See the list of Red Flags below).
Is PetronPay a Pyramid Scheme?
Let’s clarify what the pyramid scheme is.
Generally, if a company works as multilevel marketing and has no product to sell, it is considered a pyramid scheme.
In other words, the only way how people within the structure make money is via recruiting.
Such pyramid schemes are illegal in most countries, simply because this “model” is not sustainable, and the whole structure looks like this:
The only people who make money are at the top, while the rest is losing money.
It is a matter of time before the structure crashes.
So what kind of product PetronPaty have?
We are about to find out that there is no product whatsoever that can be sold to the end customer
They don’t provide you with any training for example IM Master Academy.
Solely based on that, PetronPay can be considered a pyramid scheme
Why are they still around?
PetronPay is still quite new, so most likely they are not under the radar yet.
How to Join the PetronPay?
It is actually quite easy to join PetronPay.
You have to fill out a simple registration form with your name, user name, email address, and telephone number.
It is mandatory to have a referrer, otherwise, you can’t complete the registration form.
After signing up, just confirm the registration in your email and you can access the PetronPay dashboard.
Here are the packages you can choose from.
What is the Price of the Packages?
The price ranges from $25 to $1,999 and the only way you can purchase these packages is by using a Bitcoin.
There are no products or courses you can purchase or take.
With that being said, it is evident that this is just a pyramid scheme.
This company is not what it claims to be and another big red flag is that they use a false address as its headquarters (below is proof).
How Does PetronPay Work?
Let’s say you buy the Barrel 25 package and become an affiliate.
You are told that you get from 0.2% to 2.5% return on investment, daily. Unfortunately, your investment won’t generate any profit. This money is pushed upwards in the structure so the upper line can make money.
The only profit you can make is to offer the PetronPay membership to new members.
Compensation Plan
The compensation plans are difficult to understand. And that applies to all MLMs.
PetronPay is not an exception.
To make it simple here is an overview.
The company has 11 affiliate ranks, with respective qualification criteria:
- Star – generate an accumulated 3000 points in your weaker binary team side
- Two Star – generate an accumulated 6000 points in your weaker binary team side
- Three Star – generate an accumulated 15,000 points in your weaker binary team side
- Ruby – generate an accumulated 25,000 points in your weaker binary team side
- Emerald – generate an accumulated 100,000 points in your weaker binary team side
- Sapphire – generate an accumulated 250,000 points in your weaker binary team side
- Diamond – generate an accumulated 750,000 points in your weaker binary team side
- Ambassador – generate an accumulated 1,500,000 points in your weaker binary team side
- President – generate an accumulated 3,000,000 points in your weaker binary team side
- Emperor – generate an accumulated 6,000,000 points in your weaker binary team side
- Diamond Emperor – generate an accumulated 10,000,000 points in your weaker binary team side
If you want to read the whole PetronPay platform plan, there is a pdf document available.
PetronPay Red Flags
1) Fake address
If we take a look at the company address on their website it says that they are located in the AirGate building in Switzerland.
The address is:
Airgate Business Center – Thurgauerstrasse 40, 8050, Zurich – Switzerland
It is presented in the PetronPay promotional video as well:
I was curious, so I did contact the building administration asking whether they have a record of a company named PetronPay.
Since the building is in Switzerland, the answer came in German:
It says:
“Ich teile Ihnen mit, dass wir in unserem Gebäude “Airgate” Thurgauerstrasse 40, 8050 Zürich keinen Mieter mit dem Namen “Petron Pay” haben.”
That means, that they do not have such a tenant in their building.
This communication took place on Friday 13th, 2020.
2) Owner – CEO
Most likely the CEO who calls himself John Grant is a fake.
There is no information about such a person and the guy who acts in these videos has a different name.
3) Grant Cardone
Grant Cardone is an author, speaker, and real estate mogul.
(BTW, is this a coincidence that the alleged PetronPay CEO is called John Grant?)
He has nothing to do with PetronPay, and yet they dare to use his person in the PetronPay promotional video.
4) No product to sell
There is no product within the PetronPay portfolio, whatsoever.
Based on the compensation plan we have seen, it is obvious that the company is a pyramid scheme.
5) Fortunes fake photo
Here is a fake photo from Fortunes Magazine (Volume 28)
Apparently, this is not the only one in Fortunes Magazine Volume 28.
As we see other people use the same template over and over again.
If you notice the text is the same in all examples.
I am sure all these images are fake.
Is Petron-Pay com the Successor of PetronPay?
Here is what the new website looks like, but I wouldn’t trust them either.
Just check the Contact information and you will be turned off right away:
The address is in Wisconsin, but area code 530 is a California telephone area code in Northeastern and Northern California!
Social Button Do Not Work!
Here is another red flag:
Their social button redirects to SitePad social profiles.
SitePad is a drag & drop website builder and has nothing to do with PetronPay or Petron-Pay.
Most likely the new website was created using the SitePad. But poorly done.
What Other People Think About PetronPay
Quick research shows that a lot of people complain about Petron Pay.
Here are just two screenshots, and comments on Petron Pay:
What I like about PetronPay
- There is nothing I like about the PetronPay
What I don’t like about PetronPay
- They use a false address
- The company is unregulated
- CEO is most likely fake
- Pyramid Scheme (Company does not have any retail products to sell)
- The company is committing securities fraud
Is there another way how to invest?
Then I can recommend you a different platform called ForexSignals.
As the name of the company suggests, it concerns Forex Trading.
This platform has everything you need to make a forex trader.
- Join daily live Streams to watch and copy the trades
- Share your ideas and get feedback from professional
- You get signals from professional mentors.
You have a 7-day trial to make sure that Forex Signals is for you.
Do you want to try something else?
Then keep on reading…
Is PetronPay a Scam?
Yes, PetronPay is a scam and a pyramid scheme (or Ponzi scheme)!
No doubt about that.
Please stay away from the company otherwise you might lose your money.
The company is still relatively new, but it can crash at any time; from one day to another.
These Ponzi schemes always collapse once there is no one to join the company.
There are certainly better places how to learn how to make money and you don’t have to recruit anyone.
I am talking about internet marketing, to be more specific affiliate marketing where you sell other’s people products and make a commission.
This way (if properly done) it is possible to generate 4, 5 (and more) figures per month.
It will take a bit of time, effort, and special knowledge, but more and more people go in this direction.
If you don’t feel right about investing and want to learn about affiliate marketing, I suggest watching the following video:
If you have any questions regarding PetronPay or any other questions concerning internet marketing let me know in the comment section below.
Thank you for reading,
Cheers,
Mike.
Interested in Trading?
Check Forex Signals as the biggest forex trading community teaching proven strategies from experienced mentors.
It is great for beginners and they also offer a Free 7-Day Trial.
Your content is superb, I’m excited to see someone making good content. I was having doubts about certain blogs but after I read your blog article, I was satisfied.
Really great article, thank you for the good work, and keep it up.
Glad you like it.
M.
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It is my pleasure.
I have checked briefly your blog mycinegist dot com and find it very good.
Cheers
Mike
Maybe next time I will be more careful Investing in this company was one of the terrible decision I made this year, I had made my first few investments and collected my returns. I then advance to make a large sum payment only for me to find out that I had been ripped.At the time, it felt like a dream. I contacted a friend I know deals in stocks and he recommended this |deleted|and they handled the situation even after the crypto site was shut down. I got most of my money back in a few days ago and its been the best feeling ever.
Please let us all be careful out there. As beautiful as the returns of this investments might seem. You can easily fall victim of numerous scams..
I appreciate honest and genuine comments.
But in this case, I would like to inform you that spam is not allowed on this site.
Therefore the “web address” you have left in your comment was deleted.
Thank you for understanding
M.
Please admin I’m interested in applying for petronpay but I don’t know if I’m late though I have checked online for more information on how to invest and I was able to see a reliable information in one of these site https://www.dailybinaryhub.com/petronpay-ghana/ please admin I would love to know is this the right time to invest? I’m really interested
Hi,
Have you read the review carefully?
I personally don’t recommend joining the PetronPay.
This is another Ponzi Schemes targeting African victims.
Please stay away from it.
If you want to invest, you can check the following company:
IT is called Forex Signals, and above you find a link to that company.
But please keep in mind the following rule:
“Don’t invest more than you’re willing to lose”
wishing you all the best
Mike
Thank you for the eye opener about petronpay. Do you know of a legit investment platform you can commend to me?? Can you also check Saffron broker for me.
Actually, it is not easy to recommend such a platform.
Every investment is a risk.
You might have missed the company that I mention in my article.
It is called Forex Signals, and they seem to be OK.
Here the link to Forex Signals.
I am not sure which Saffron broker do you mean.
IT is always good to leave a link to the specific company.
Wishing you all the best
Cheers
Mike
My experience with this company is terrible. I lost all my Bitcoin to this people and no one was talking about a way out of the mess. The customer care representative I spoke to kept saying there’s nothing they could do and then they stopped picking my calls or replying my mails. It was after I met assetrecoverynow! co they took it upon themselves to get all my money from these guys. Couldn’t be more thankful.
Tanks a lot for your comment.
And did you managed to get out all your Bitcoins, in Africa ,we are being fooled to change the wallet from Bitcoin to Metatask under Ethereum
Thank you so very much, someone told me about dis patronpay today so I decided to research on it n then stumble on dis your amazing article..I just joined Qubitech, and they are into almost same thing, but have a CEO dat sound to me OK, has game shares, and coin to be launched soon, do u think its bad also?
Meanwhile, kindly educate about Chymall also, dey claim to have ecommerce platform where dey sell goods dat I don’t know who buys, but people where getting paid every 10 days till dey changed der policy that affected everyone in December, kindly advice sir
Dear Mike,
So glad that there is someone like you who makes an effort to review investment websites and give an honest evaluation point by point. Just to give you an idea on PGI. Yes it is Mr. Palafox who is now the CEO of PGI and the motto of the company is “they help change peoples lives”. The investment provided by PGI gives a return of 1% per day which is not bad and not alarming. I guess it is better to say ” Invest on what you can afford to lose” , in that way no ones pocket gets hurt. Besides the people behind PGI are all legit in a way that they are identifiable, has known addresses and can be verified. Plus they have daily zoom meetings and updates. Again many thanks and may you be an eye opener for those who are looking for brighter tomorrow.
Thank you for your comment.
As for PGI Global, yes people might “earn” the money.
But using the new investment to pay existing members – means only 1 thing and that is: PGI operates as Ponzi Scheme.
It can collapse any day.
That is why I warn people not to invest their money in such schemes.
When it collapses the majority of members lose money.
Have a good one
Mike
Please help me get out, I don’t see options to get my initial investment back and I invested a lot of my money….
Hello Eva,
I am afraid you would have to ask PetronPay representatives for a refund.
It is important to do research before investing any money with any system.
Hopefully you will be able to get your money back soon (or at least a portion of it)
Mike
Fake article. Joined Petron Pay last September and there is no scam.
Author writes an article calling GB a company a scam but wants you to join his company!
This is a fake article. Do yourselves a favor and research for yourselves.
That is exaclty right – It is important to do proper research.
Check all the red flags and then decide whether you want to invest your money with PetronPay.
PetronPay is a Ponzi Schemes that focus on scamming people from Africa.
And regarding the option I offer – I just mention what is the alternative, in other words how I make money.
Everyone can test that platform for free – so there is nothing wrong with that.
Thanks anyway for your comment
Wishing you all the best
Mike
CAN YOU RECOMMEND SOME AFFILIATE MARKETING.
I commend the time you invest in doing this. Thanks
Hello,
If you want to learn more about affiliate marketing and how to make money, I can recommend you the platform where I have learned how to build a website and how to monetize it.
Check the platform directly by clicking at the button at the end of the article (where it says: Get Started for FREE).
Or you can first read more about that specific platform at this link:
https://setaffiliatebusiness.com/wealthy-affiliate-review/
Hope it helps,
Cheers
Mike
Et from now how long petronpay can fast.
MERCI POUR VOTRE ARTICLE QUI OUVRE BIEN DES YEUX. SELON VOUS QU’EST-CE QUI SERAIT A L’ORIGINE DE LA FORTE REPRESENTATIVITE DES TOGOLAIS SUR LA PLATE FORME PETRONPAY ?
Hello
Thanks for the comment. Glad it has shown you the truth.
Regarding the questions, I am not sure what exactly do you mean.
Could you please elaborate on that a bit more
Thanks in advance
Have a good one
Mike
He means that why, according to you, there are so many togoleses involved in this business ?
Hi there,
Well, according to the traffic that the webpage gets the most people are from
Cote D’Ivoire
Togo
South Africa
and the USA.
You can check it on the website called:
http://www.similarweb.com
Cheers
Mike
Help please? I need to withdraw my money
Hello,
Please see my feedback above
Cheers
Mike
Bjr mon frère .Il y’a d’une part l’ignorance,la crédulité et d’autre part la pauvreté grandissante qui sévit dans le pays.Tout est bloqué dans le pays donc pas d’opportunités de s’épanouir d’où une course sans précédente au gain facile.
Hello there!, it is a great article, I really love the way you elaborated the whole article. Multi level marketing is something that is great if the people in the system are willing to work hard. One thing I understand about this is that most people tend to run away from this because they feel it is tedious. Paytron, I don’t really like the fact that it doesn’t have a product which they sell, thanks for opening my eyes.
Glad you like the article.
If you have any further questions let me know,
Mike
So what is the PETROL BARRILS you buy at lower price and SELL later on an automated system?
God knows. But clearly, that is not a product right?
I’m not sure what to say…. Perhaps you have some good points in there…. But perhaps you don’t know what you’re talking about just like you admitted earlier.
Bonjour Mike
Merci pour ce partage de vos recherches, je vous en suis reconnaissant.
Personnellement j’ai investi Sur Petronpay sans être persuadé que c’est quelques chose. Mais aussi sur deux autres plateforme:
Antares trade et AI-Marketing.
Questions SVP:
1) sont-ils fiables ?
2) Est ce que Ai-Marketing est un marketing d’affiliation ?
Merci pour votre retour
Cordialement.
Bonjour,
You are welcome.
As for the other two companies, I have not done the research yet.
I will add them to my to-do list.
Thanks for your comment
Mike
Can Mike give me relevant advice with regards to ESPNGLOBAL – legit business or scam too?
Thanks
Denis
Hello and thank you for your comment.
I will add this company to my to-do list.
So far what I have found out regarding Espian Global – It is a scam as well.
Keep away from it – there are too many red flags.
Wishing you all the best
Mike
Good morning Mike
How was your weekend?
Pls kindly help to verify this addresses
StakeXchain is a Philippine base company that have offices in Philippine, China, United Kingdom and African Head Office in Nigeria
*_STAKEXCHAIN INTERNATIONAL OFFICES AROUND THE WORLD_*
_ADMINISTRATIVE OFFICE_
*StakeXchain Kemp House,*
*152-160 City Road, London,*
*ECIV 2NX, United Kingdom.*
*Tel:* +44 2038 074427
*Email:* info@stakexchain.com
_OPERATIONAL HEADQUARTER_
*Unit 4, Victoria Marinas Building,*
*Lasip Grande,*
*Dagupan City,*
*Philippines*
_MANUFACTURING PLANT OFFICE_
*Room 313 3/F,*
*Mingsheng Business Centre 12-20 Guangyang Road, M.*
*Baiyun District,*
*Guangzhou, China.*
_AFRICA HEAD OFFICE_
*65C, Opebi Road, By Salvation Bus/Stop,*
*Ikeja, Lagos,*
*Nigeria.*
Thank for being there all the time
Hey
as I already explained below – The bottom line is Don’t get involved StakeXchain.
There are just too many red flags.
Have a good one
Mike
Mr mike, i thank you very much for doing such a great job for us poor people’s who don’t know much about how people scam, fraud, ponzi and do other things to take away our money and go free, we thank you for opening our eyes.
Please can you do search about Ru-T.com for me? Thanks.
Hello, and I am glad to help.
I will add that to my to-do list.
But it seems pretty dodgy as well.
I would be careful with Ru-t.com
The best and ever-green process how to make some money online is either surveys sites (usually don’t pay a lot) or get into the content creation.
At the bottom of the article, there is a link where you will be shown a method of how to become a successful online marketer.
It takes a bit of time and of course effort.
Remembers there is not such a thing as “easy money”.
In other words, if something seems to be too good to be true, then it is.
Wishing you all the best
Mike
Hi Mike,
Is CashFx a scam?
I found the following to be a scam:
http://www.exoveinvestment.com
They let you join, trade, make some money as proof and then scam you.
Can you please investigate the following?
http://bitromarkets.com
https://arlisinvestment.com/
remax investment
Lennox Capital
Thanks
Thank you Mr for good work
Pls I want you to help about Timextrading are they scammers ? Thanks
Hey,
It seems that their page doesn’t work properly.
I would stay away from Timex.
Some people already claimed they were scammed.
Mike
Thanks for your researches and advises about online scammers. Meanwhile, I would appreciate if you can carry out some research about Chymall and PGI (Praetorian Group International).
Hey Austin,
Thanks for stopping by.
I will add those to my schedule.
But from what I have checked so far, the PGI is run by Ramil Ventura Palafox.
He was involved in Ponzi Schemes before and therefore I wouldn’t trust the guy.
PGI has no products, nor services.
Besides, there is no proof that PGI generates external income. So, the only money that flows into the system is from members.
Regarding the Chymall, it seems to be a scam as well.
Cheers
Mike
Hello Mike.
Please I wish to know why you say Chymall is a scam.
To the best of my knowledge they sell physical products and have their gains through E-commerce. They are also involved in MLM, but they pay their partners from the sales of products that they do.
So why do you classify them as a scam if I may ask ?
I did not say it is an outright scam.
But small research shows that it may be.
The thing is that these platforms pay their members initially but most of the time don’t last very long.
Sure they have to pay a the beginning, to gain more “clients”
So again, it might not be a scam, but I would be careful with them.
Here is a fraud warning regarding the Chy Mall
https://sec.gov.gh/public-interest-warning-to-the-general-public-on-electronic-commerce-and-trading-scheme/?fbclid=IwAR30vPlPo3FYtTcSM0YF5ZCDzwT7YnAfB0M2jp9_HriV-97nmoY4ryMAkoI
Hope that helps
Mike
Thanks so much mike for great work within the shortest period.
I have taken note on the red flag but I will appreciate if you can do more research on the address in phillipine just the way you contacted the petron building.
Thanks so much
Management.
Hey there,
the problem is that there is no such street in that area.
With that being said, it is not possible to locate such a building and therefore it is a fake addres.
Hope that helps
Mike
Olá Mike. Usei o tradutor para ler o seu conteúdo… Não sei como agradecer ou parabenizar pelo excelente trabalho que está a fazer. Vivo em Angola e aqui também, ultimamente tem aparecido muitos desses sites/empresas, para além da PetronPay a nos fazerem a cabeça. Por favor. Gostaria que verificasse sobre a BEURAX
https://beurax.com/pt/.
Aguardando o feedback.
Hello,
You are very welcome.
Glad to help.
As a matter of fact, I have already checked the BEURAX, and you can read the full review here:
https://setaffiliatebusiness.com/beurax-review/
Basically, it is just another Ponzi scheme that everyone should avoid.
Hopefully, that helps
Cheers
Mike
Good day mike pls kindly review stakexchain international for me cos I just join them and I have intention to promote it.your urgent review is needed thanks
Hello Mike,I am writing from Ghana, thanks for the information on petronpay. Can you please do a profile on ‘vitae network’ for me.
Hello John,
You are welcome.
Could you please be more specific – I mean do you have a website of Vitae network, since I am not sure
Is it the one using this website?:
http://www.vitaetoken .io
I will take a look, but from what I have checked so far, it does not look trustworthy either.
As someone who is currently an investor with Petron Pay, it was clear that you have very little personal experience with picture on Petron Pay.
1)The statement that recruitment is the only way to make money is erroneous. They guarantee 300% return on package value (approx 295% or so after fees) by the end of the contract teem (approx 9 months). It has been my experience that they deliver on that ROI. Its not too good to be true either. The only dif btwn a CD purchased from a bank and a Petron Pay package is that the latter actually give you a descent return while the institution uses your funds.
2) the org chart – Everyone who purchases a package is guaranteed 300% return by the end of the contract period. The returns are paid daily and can be withdrawn DAILY M-F.
3. Recruiting does reault in bonuses, but they are not in addition to the 300%ROI. Bonuses result in the member reaching 300% returns quicker. Once 300% is reached, the contract has been filled
If the fake address and fake Fortune magazines do not convince you about the real agenda of this company, then I wish you a lot of luck.
Do you realize how this statement sounds? –
You are saying:
“Everyone who purchases a package is guaranteed 300% return by the end of the contract period” – this is erroneous.
No legit company can make such a statement.
Petronpay is a Ponzi scheme and maybe some of the members “make” a profit for time being, but that is the nature of many Ponzi Schemes. Many of them operate for more than a year until they collapse – and people lose their money.
Anyways, thank you for your comment, and I wish you nothing other than just luck.
Have a good one
Mike
Hi Mike
I arrived here because someone is recruiting me to join PetronPay. Having suffered loses in the hands of merciless scammers in the past, makes me to research before I commit.
Thanks so much for clear information you supplied. Your commitment to even contact the landlord in Switzerland is amazing.
Wait, I’ll contact you soon for assistance. I’m into business coaching and book-writing
Yours, Petrus – South Africa
You are welcome Petrus,
I am glad it has provided value to you.
Feel free to contact me, my email is in the About Me section.
Have a nice rest of the weekend
Mike
Hey Mike could you please check for me a company known as My Coin Auction. This company has raked millions of rands from South African people recently. I’m also amongst the victims. It disappeared. People are frustrated more especially those who recruited others, because have to pay back large somes of money of their downliners and they have also lost lot of money on top of that.
Hello.
I will try to take a look at this company.
But so far, from what I have found this company does not have any website. The one I found on their Instagram profile doesn’t work.
On their Facebook profile, they don’t have any website.
And the last post is from September 2020.
Is it only an app?
Well, I am sorry they have scammed you. It is really terrible how these people operate.
They create some site or an app, promise high returns, collect money, and disappear without any trace.
Whenever there is an opportunity to earn quick money, it is most likely a scam.
I am sure you take it already as a learning lesson – a rather expensive one.
It is always better to do proper research about the product and or company.
Let me know if you have a question
Cheers
Mike
You are welcome Petrus,
I am glad it has provided value to you.
Feel free to contact me, my email is in the About Me section.
Have a nice rest of the weekend
Mike
I invested in PetronPay in November, 2020. I can say I have earned the money I invested three times and have withdrawn my money as I earned it. At this point the invested money is only the return I getting each month daily. So if its a scheme, I will not lose any money. I have not recruited for PetronPay and still made money.
Good for you.
As I mentioned somewhere else, such schemes as PetronPAy is can work for years until they collapse.
Just be careful with your investment, don’t be greedy and I would suggest checking other – legit companies to invest in.
Hope you won’t lose a lot of money.
Have a good one
Exactly.I also registered petrronpay and i keep on earning my daily profit depending on the amount i invested without recruiting anybody.So am shocked the writer post this here.Where did the person had this information?
It is not only about temporary returns.
A lot of pyramid schemes work for years until they collapse.
Let me ask you a question:
Would you believe a company claiming that their headquarter is in a certain building but in reality, the owner/manager of that building has no clue about such a tenant.
Besides, there is absolutely no evidence that Petronpay has anything to do with oil.
PetroPay is NOT registered to offer securities in any jurisdiction.
Fake Fortunes magazines and other red flags.
Is such a company trustworthy in your opinion?
I personally would NOT give them a dime.
But I understand.
You see a temporary profit and you will want more. OK fair enough.
Just be careful because Pyramid Schemes can collapse anytime.
My recommendation is to take a step back and see the whole picture. Take a deep breath and think about it.
I am sure you understand that no company is perfect.
So it makes sense to check the Red Flags. And if a company has more Cons than Pros – then it is obvious whether I trust them or not.
Regarding the PetronPay, there is enough evidence for me to stay away from it.
I have offered my opinion and now it is up to you what you are going to do with it.
Wishing you a lot of success
Mike
Hi Mike,
Can you help me on this new one? It’s called Virtual AVS is it also a scam?
Hi Eric,
I will take a look at that.
But the website was registered only in July 2020 – there is not a lot of traffic to the site.
AT this point it is not easy to make a conclusion.
I wouldn’t invest with them – not at this point.
Hi Mr mike,
Thank you very much for for this educative article.I have personally found much useful information about MLM online business.But then,do you know anything about CHYMAL?If yes,what’s your advice about such online business?
Hello Farouk,
You are welcome.
I have not heard about Chymal. Is this company based in Ghana or Nigeria?
Anyways, I am sure the chances that you fall for a scam are low – since you know how to do research.
Good for you man
Wishing you all the best
if you have further questions let me know,
Cheers
Mike
You said Ghana or Nigeria. I’m from Ghana. Its unfortunate that you’d say that about Ghana to make a point. These pyramid schemes have all come from outside Africa to impoverish the African who isn’t educated enough on some of these risks. But to suggest Chymal could be scam if its from Ghana or Nigeria is very immature on your part. Shame on you.
Hello, and I am sorry, this is a misunderstanding.
The only reason why I mention Ghana (or Nigeria) was to identify the exact company. Since as I mentioned, I was not sure what kind of Chymal Farouk did mean.
I only did a quick research and found a company that is based on the following address:
Nyamebekyere, Samreboi, Asankragua, Ghana.
So I did ask, whether this is the one he means? It could by other Chyaml as well.
I did not mean any harm to Ghana whatsoever.
And you are right that a lot of companies now move to Africa even in the online world, to take advantage of people there.
The majority of people have now internet connection with their mobile phones, so it is easier to reach them.
Just recently I have finished a review of one company (called Crowd1) that used to target mostly African people.
A lot of countries have issued a warning against these scammers and it seems that move to another market.
So again I am sorry – I did not myself clear in the previous comment.
Hope you are OK
wishing you all the best
Cheers
Mike
well to tell you the truth chymall is a legit business
am a living testimony to that
Is impeccabletrade a scam
Hello Agnes,
I will have to check it – thanks for the tip.
Cheers
Mike
U saved me from joining this business. I have lost in qnet and i am not intrested joining any Mlm company …
In fact making crypto currency is quite difficult
U have 70% of losing and 30% of gaining .
Dear friends do much research b4 getting in any online marketing business
Thanks
I would want some help from you Mike
+233558385107
Glad to hear that.
If you want to get in touch with me write me an email:
mike@setaffiliatebusiness.com
Cheers
Mike
My brother, It dosent have product to sell thats true. But that does not mean it can’t do trading. Look here, I invested in petronpay and I receive my commission everyday without reffering anyone. Its ur sole discretion to be an investor or a refferer. One thing we need to know is, u get more returns in referring than to only be an investor. However, u are eligible to daily returns per ur investment with or without reffering .
You can never lost in qnet if you work, you didn’t gain because you didn’t work, so go back and work for your money. Instant gratification will destroy people like you.
I dnt know about all that,the whole world is a pyramid scheme,product or not …so far petronpay is one of the best company to invest your money with,they do exactly what they promise
Pyramid schemes can “work” for years until they collapse.
Good luck with that.
Hello Everybody, Petron Pay is not Get quick rich scheme, Youare making such a huges mitakes for telling people Mr Johny Grant is fake. His always in Webinar showing up his driver license, His the only company ever give everyone in this world for $25.00 in 200 days you will get $75.00 That will never happened in other company and even in the bank. The Poorest people in the world will a chance to make money for $75 do you that quick get rich scheme. You People you made a comment to a company who trully not scamming people. This campany savings a lots of poor people. Maybe Mr Grant desserved to be in Heros Award. For me his savings too many lives… He never scam people. People with in Bank that Goverment needs to bill out. is not scammer? whoever wrote this has really have dark soul..
For people who are so poor that $50 in 200 days is life-changing…the best thing they can do is keep their savings far, far away from these people.
The scheme will collapse when people try to withdraw their money.
And in the meantime, any “profits” are coming from the new investments of other participants. Can you sleep at night knowing your “$50 return” is actually the hard-earned money of two complete strangers who will likely never get it back?
Hi Mike,
I got to know about petronpay throw my cousin. He is the one who introduced me to this. Being a relative, I decided to give a benefit of doubt. Again I was thinking of introducing some of my friends, but one thing I would NEVER do is to introduce someone into something that they will blame me for. The only way I will be able to prove whether this true or fraud is to see if whatever amount I have infested will earn anything or not. Before I see any returns, I can’t introduce anyone to it.
I would rather fail alone than to make other people loose their hard earned money.
This is quite a useful information. Thank you very much Mike for the education. I think I have to read it again and again so that I understand what PretonPay is about very well. I’ll also refer my friends who want to invest in the company to read and understand your review of the company before they invest
Thank you very much Mike.
You are welcome.
Glad you like the article.
If you have any questions, let me know
Mike
Hello mike, thanks for this great information.
Please do you have any knowledge on Qnet or also known as Quest International, which is said to be a network marketing company?
Sorry for the late reply. I have not been on my laptop and tried to reply on my cell phone – it seems it did not work out.
Back to your question:
I have not done a thorough review of the Qnet, but from what I have found out, this is also a company that I wouldn’t recommend.
Although it might be legit in some countries, it has been charged for being a Ponzi scheme in India.
So to me, that is a red flag.
Hope that helps
Mike
Hi Mike, I thought I like your information but don’t judge qnet if you don’t have more information, your fake. Get the fact before you judge.
Hello,
As I said, I did not do proper research on Qnet. I just quickly had a look but I might be wrong.
I believe it is obvious from my comment that I did not mean to judge the Qnet. Not yet.
But thanks a lot for your comment,
really appreciate it.
Cheers
Mike
Any legit web to invest in?
I personally would rely on professionals.
But, first of all, I would learn a bit more about investing. The book I can recommend is MONEY – Master the Game.
You can also gain some more information at the following website:
https://www.investopedia.com/
As for investing itself, I would choose a broker.
Here is one site you can visit:
https://www.stockbrokers.com/
Hope that helps.
Personally, I find investing too complicated and too risky.
That’s why I focus on affiliate marketing.
Cheers
Mike
Can you please teach me how to create website for online marketing?
Or can you give me other online marketing sites?
Hello Emmanuel,
First of all, it is highly recommended to have a desktop or laptop. That way is much easier to work on your website.
Second, today it is easy to create a website. It takes only a few seconds, but the thing is that this is still an empty website.
There is no content on that.
So you need to choose a specific topic or it is also called a niche.
Once you know what to create the content about, start doing research.
Basically, you need to generate articles on your website, so the search engines like Google (or Bing and Yahoo, and others) know when to show your article to the reader.
How do they do that?
Let’s oversimplify it:
A person goes to Google and searches for a term – let’s say “the best gaming chair for teenager”.
This is the keyword you want to rank for.
And Each article has a keyword in it and once you have 50 or 100 such articles the chances are high that your website will get traction. That means a way how to monetize your website.
This process can take from 3 to 10 months, it depends on the niche.
As already mentioned in the article above, I have started with online marketing back in 2017.
I have joined one particular platform and I took the training. The first 7 days are free. It is sort of a probation period to figure out whether it is something you want to do or not.
You can also start creating Youtube videos, but that too requires strategy, SEO, and other stuff.
I am sure this is not enough for you. If you want you can check the following article where I describe the educational platform.
Take your time, since patience is very important when creating a business online.
If you need anything, let me know
Cheers,
Mike
There are lots of times I’ve heard people talk about how they lost their money to suffer products online, it is always bad to not be able to protect the interest of your money as you don’t know about the product you are going into, so reading through this Petronpay review will help you make a good decision about it.
Thank you,
I am glad you find the article helpful.
Please I want to know more about a Malaysian company named CENTURY HUNGYUE GROUP and whether is legit of is a scam
Hello,
Is that the Chy Mall?
You can find my opinion about Chy Mall in the comments below.
Basically, Stay away from it.
Cheers
Mike
I have already heard of PetronPay before.
Like many others, the get quick rich programs without any retail products or services tend to be a red flag. Not to mention that the company uses fake address and fake CEO name is just a little bit over the board. I joined WA about 2 months ago and i’m learning how to build my own website and using the power of affiliate program to earn affiliate commissions. I think WA is a much better way to steadily and consistently build your online business. Again, this is a great review and thank you so much for the post.
Thank you for your comment.
Really appreciate it.
I am glad you have started with affiliate marketing.
Wishing you all the best.
Cheers,
Mike
Great job mike
Pls help me to review stakexchain international I just join the platform and intended to promote.pls your review is needed
My name is management
Hello Management.
I will have a look at that.
Mike
Alright Mike
Pls do so urgently
I need your wealth of experience in reviewing the stakexchain.com
Thanks.
MANAGEMENT
hi Management,
The review is available, you can read it through here:
https://setaffiliatebusiness.com/is-stakexchain-a-scam/
The result?
Too many red flags and although it does not seem like an outright scam, I don’t recommend joining this site.
hope it helps
Mike
Thanks so much Mike for a great work within the shortest time more wisdom.
From all your reviews I read this is the only one with few red flags
Pls I need your though review on the address of the company in phillipine cos you are not sure weather is fake just that you can not access it.in case of petron review you told us you contacted the owners of the building. Pls kindly do more work on the address in phillipine. Thanks and God bless you.
Management
I’ll do my best.
Regards
Mike
Hello sir,thanks for this great information on petronpay
I almost invested $1,0000 worth of bitcon with them but am grateful with this review of yours..
Please can your do review on PGI investment
To be honest I did invested with them 3 months ago..
And am planning to invest more
Please help sir for some review on it.
Thanks
Stanley.
Hello and thanks a lot for your comment
Glad you like the review.
Regarding the PGI Investment – I have just added it to my to-do list.
Hopefully will come up with the content soon.
Cheers
Mike
Good day Mike
Thanks for the great job.
Pls I am still expecting your final certification of stakexchain address in phillipine.
Management
Hello,
There are several red flags regarding the stakexchain.
stakexchain has no valid email address.
As I already said, the address seems to be fake since it is not to be found.
The bottom line is, if a company is not able to show its headquarters, it is a NO-NO.
Again I don’t recommend getting involved with stakexchain.
Now it is time to move on and forget about the stakexchain.
Hope I have explained it well.
Mike