UPDATE: <\/strong><\/h2>\n\n\n\nThis Ponzi scheme has already collapsed.<\/strong><\/p>\n\n\n\nPeople who “invested” their hard-earned money lost it all.<\/p>\n\n\n\n
The PetronPay website doesn’t work and the owners most likely disappeared and already working on a new Ponzi Scheme, similar to Petron Pay.<\/p>\n\n\n\n
The website petronpay.com was available for sale.
As of the update it is taken. <\/p>\n\n\n\n
As a result of that, the founders created a new website, Petron-pay.com, but essentially it is the same thing. <\/p>\n\n<\/div><\/div>\n\n\n
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. <\/p>\n\n\n\n
Jump to:<\/strong><\/p>\n\n\n\n\n- What is Petron-Pay.com?<\/a><\/li>\n\n\n\n
- What Is PetronPay?<\/a><\/li>\n\n\n\n
- Is PetronPay a Pyramid Scheme?<\/a><\/li>\n\n\n\n
- How to Join the PetronPay<\/a><\/li>\n\n\n\n
- What is the Price of the Packages?<\/a><\/li>\n\n\n\n
- How Does PetronPay Work?<\/a><\/li>\n\n\n\n
- Compensation Plan<\/a><\/li>\n\n\n\n
- PetronPay Red Flags<\/a><\/li>\n\n\n\n
- Is Petron-Pay com the Successor of PetronPay?<\/a><\/li>\n\n\n\n
- What Other People Think About PetronPay<\/a><\/li>\n\n\n\n
- Petron Pay Pros and Con<\/a><\/li>\n\n\n\n
- Is there another way how to invest?<\/a><\/li>\n\n\n\n
- Is PetronPay a Scam?<\/a><\/li>\n<\/ul>\n\n\n\n
What is Petron-Pay.com?<\/h2>\n\n\n\n
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.<\/p>\n\n\n\n
Now back to the PetronPay Review: <\/h3>\n\n\n\n
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.<\/p>\n\n\n\n
Let’s get started.<\/p>\n\n\n\n
Disclaimer<\/strong>
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. <\/em>
Any recommendations and conclusions are only opinions and may not apply to all persons or situations.<\/em><\/p>\n\n\n\nPetronPay Overview<\/h2>\n\n\n\n
Jm\u00e9no: <\/strong>PetronPay
Website: <\/strong>www.petronpay.com \/ Petron-pay.com
Price to Join: <\/strong>$25 – $1,999
Recommended:<\/strong> No. This is a Ponzi Scheme.<\/p>\n\n\n\nMLM type of business is not viable anymore.
Let alone Pyramid Schemes.<\/p>\n\n\n\n
Therefore, I recommend Affiliate Marketing.
Check the Pros and Cons of both business models (Affiliate Marketing vs. MLM<\/a>).<\/p>\n\n\n\n\nPetronPay Com Summary<\/h2>\n\n\n\n
PetronPay is supposed to be a digital investment company that invests in oil.<\/p>\n\n\n\n
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.<\/p>\n\n\n\n
With that being said, PetronPay is considered a pyramid scheme, and it is highly recommended to stay away from this company.<\/p>\n\n\n\n
Don’t get involved in Pyramid Schemes.<\/p>\n\n\n\n
There are many legal ways how to generate consistent income.<\/p>\n\n\n\n
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.<\/p>\n\n\n
\n\nCheck Forex Signals Review<\/a>\n\n<\/div>\n<\/div><\/div>\n\n\nWhat Is PetronPay?<\/h2>\n\n\n\n![\"Is](\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\")
<\/figure><\/div>\n\n\nPetronPay is supposed to be an investment company where you can buy a package (your investment) for a certain price.<\/p>\n\n\n\n
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.<\/p>\n\n\n\n
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).<\/p>\n\n\n\n
Another problem is that PetronPay is an unregulated company and the main issue is that all unregulated companies are untrustworthy.<\/p>\n\n\n\n
PetronPay – Useful Information<\/h2>\n\n\n\n
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.<\/p>\n\n\n\n
According to its website, the CEO is a person called John Grant.<\/p>\n\n\n\n
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.<\/p>\n\n\n\n
This guy has only an Instagram profile that is accessible from the Petron website.<\/p>\n\n\n
\n<\/figure><\/div>\n\n\nAs already said, the website is less than a year old but the traffic has significantly risen in the last few months.<\/p>\n\n\n
\n<\/figure><\/div>\n\n\nThat means that people based on false beliefs go to the site and most likely buy the packages PetronPay has to offer.<\/p>\n\n\n\n
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.<\/p>\n\n\n\n
UPDATE: September 2, 2021.<\/h3>\n\n\n\n
I was curious about their website so here is what I found out at the beginning of September 2021.<\/p>\n\n\n\n
According to the website similarweb.com, the number of visitors skyrocketed in April 2021.<\/p>\n\n\n\n
The Total visits for April were more than 9M.
Then it dramatically decreased to about 2.5M per month.<\/p>\n\n\n
\n<\/figure><\/div>\n\n\nStill quite a lot.<\/p>\n\n\n\n
Here it is based on Geography:<\/p>\n\n\n
\n<\/figure><\/div>\n\n\nIt is obvious that in most countries people tend to leave the PetronPay site.<\/p>\n\n\n\n
UPDATE December. 2021<\/h3>\n\n\n\n
Their website has been shut down.
This Ponzi scheme has collapsed already. <\/p>\n\n\n\n
The website doesn’t exist anymore. <\/p>\n\n\n
\n<\/figure><\/div>\n\n\nIt is possible they have created a new website, Petron-pay.com, but it is very unprofessional and there are big red flags as well. <\/p>\n\n\n\n
But I must admit the marketing they use has been really good.
They have scammed a lot of people…<\/p>\n\n\n\n
Of course, the decline in traffic could have been caused by the summer in the northern hemisphere.<\/p>\n\n\n\n
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.<\/p>\n\n\n\n
Let’s continue with the original review:<\/p>\n\n\n\n
We are about to find out that it is better to stay away from PetronPay.
(See the list of Red Flags below).<\/p>\n\n\n\n
Is PetronPay a Pyramid Scheme?<\/h2>\n\n\n\n
Let’s clarify what the pyramid scheme is.<\/p>\n\n\n\n
Generally, if a company works as multilevel marketing and has no product to sell, it is considered a pyramid scheme.<\/p>\n\n\n\n
In other words, the only way how people within the structure make money is via recruiting.<\/p>\n\n\n\n
Such pyramid schemes<\/a> are illegal in most countries, simply because this “model” is not sustainable, and the whole structure looks like this:<\/p>\n\n\n\n<\/figure><\/div>\n\n\nThe 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.<\/p>\n\n\n\n
So what kind of product PetronPaty have?<\/p>\n\n\n\n
People who “invested” their hard-earned money lost it all.<\/p>\n\n\n\n
The PetronPay website doesn’t work and the owners most likely disappeared and already working on a new Ponzi Scheme, similar to Petron Pay.<\/p>\n\n\n\n
The website petronpay.com was available for sale.
As of the update it is taken. <\/p>\n\n\n\n
As a result of that, the founders created a new website, Petron-pay.com, but essentially it is the same thing. <\/p>\n\n<\/div><\/div>\n\n\n
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. <\/p>\n\n\n\n
Jump to:<\/strong><\/p>\n\n\n\n The New website Petron-Pay.com is the most likely successor, but it is the same scam. 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.<\/p>\n\n\n\n Let’s get started.<\/p>\n\n\n\n Disclaimer<\/strong> Jm\u00e9no: <\/strong>PetronPay MLM type of business is not viable anymore. Therefore, I recommend Affiliate Marketing. PetronPay is supposed to be a digital investment company that invests in oil.<\/p>\n\n\n\n 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.<\/p>\n\n\n\n With that being said, PetronPay is considered a pyramid scheme, and it is highly recommended to stay away from this company.<\/p>\n\n\n\n Don’t get involved in Pyramid Schemes.<\/p>\n\n\n\n There are many legal ways how to generate consistent income.<\/p>\n\n\n\n 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.<\/p>\n\n\n PetronPay is supposed to be an investment company where you can buy a package (your investment) for a certain price.<\/p>\n\n\n\n Apparently, they invest in oil, and you are promised a high ROI (return on investment). 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).<\/p>\n\n\n\n Another problem is that PetronPay is an unregulated company and the main issue is that all unregulated companies are untrustworthy.<\/p>\n\n\n\n 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.<\/p>\n\n\n\n According to its website, the CEO is a person called John Grant.<\/p>\n\n\n\n There is no other information about this individual. This guy has only an Instagram profile that is accessible from the Petron website.<\/p>\n\n\n As already said, the website is less than a year old but the traffic has significantly risen in the last few months.<\/p>\n\n\n That means that people based on false beliefs go to the site and most likely buy the packages PetronPay has to offer.<\/p>\n\n\n\n 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.<\/p>\n\n\n\n I was curious about their website so here is what I found out at the beginning of September 2021.<\/p>\n\n\n\n According to the website similarweb.com, the number of visitors skyrocketed in April 2021.<\/p>\n\n\n\n The Total visits for April were more than 9M. Still quite a lot.<\/p>\n\n\n\n Here it is based on Geography:<\/p>\n\n\n It is obvious that in most countries people tend to leave the PetronPay site.<\/p>\n\n\n\n Their website has been shut down. The website doesn’t exist anymore. <\/p>\n\n\n 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. <\/p>\n\n\n\n But I must admit the marketing they use has been really good. Of course, the decline in traffic could have been caused by the summer in the northern hemisphere.<\/p>\n\n\n\n Also, research shows that they keep changing rules, so it becomes difficult to get your money back. Let’s continue with the original review:<\/p>\n\n\n\n We are about to find out that it is better to stay away from PetronPay. Let’s clarify what the pyramid scheme is.<\/p>\n\n\n\n Generally, if a company works as multilevel marketing and has no product to sell, it is considered a pyramid scheme.<\/p>\n\n\n\n In other words, the only way how people within the structure make money is via recruiting.<\/p>\n\n\n\n Such pyramid schemes<\/a> are illegal in most countries, simply because this “model” is not sustainable, and the whole structure looks like this:<\/p>\n\n\n The only people who make money are at the top, while the rest is losing money. So what kind of product PetronPaty have?<\/p>\n\n\n\n\n
What is Petron-Pay.com?<\/h2>\n\n\n\n
Below I have listed a few major red flags.<\/p>\n\n\n\nNow back to the PetronPay Review: <\/h3>\n\n\n\n
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. <\/em>
Any recommendations and conclusions are only opinions and may not apply to all persons or situations.<\/em><\/p>\n\n\n\nPetronPay Overview<\/h2>\n\n\n\n
Website: <\/strong>www.petronpay.com \/ Petron-pay.com
Price to Join: <\/strong>$25 – $1,999
Recommended:<\/strong> No. This is a Ponzi Scheme.<\/p>\n\n\n\n
Let alone Pyramid Schemes.<\/p>\n\n\n\n
Check the Pros and Cons of both business models (Affiliate Marketing vs. MLM<\/a>).<\/p>\n\n\nPetronPay Com Summary<\/h2>\n\n\n\n
What Is PetronPay?<\/h2>\n\n\n
![\"Is](\"https:\/\/setaffiliatebusiness.com\/wp-content\/uploads\/2020\/11\/Petron-Pay-home-1024x487.jpg\")
<\/figure><\/div>\n\n\n
The problem is that the only way how to purchase the package is by using Bitcoin.<\/p>\n\n\n\nPetronPay – Useful Information<\/h2>\n\n\n\n
One would assume that such a great businessman has a profile on LinkedIn.
But it is not the case.<\/p>\n\n\n\n![\"Is](\"https:\/\/setaffiliatebusiness.com\/wp-content\/uploads\/2020\/11\/johnny-MrGrant-e1620635019424.jpg\")
<\/figure><\/div>\n\n\n![\"Is](\"https:\/\/setaffiliatebusiness.com\/wp-content\/uploads\/2020\/11\/Petronpay.com-Analytics-e1605274115462.png\")
<\/figure><\/div>\n\n\nUPDATE: September 2, 2021.<\/h3>\n\n\n\n
Then it dramatically decreased to about 2.5M per month.<\/p>\n\n\n![\"Is](\"https:\/\/setaffiliatebusiness.com\/wp-content\/uploads\/2021\/09\/Petronpay.com-Traffic-Ranking-Marketing-Analytics-_-Similarweb-visits.png\")
<\/figure><\/div>\n\n\n![\"Is](\"https:\/\/setaffiliatebusiness.com\/wp-content\/uploads\/2021\/09\/Petronpay.com-Traffic-Ranking-Marketing-Analytics-_-Similarweb.png\")
<\/figure><\/div>\n\n\nUPDATE December. 2021<\/h3>\n\n\n\n
This Ponzi scheme has collapsed already. <\/p>\n\n\n\n![\"Is](\"https:\/\/setaffiliatebusiness.com\/wp-content\/uploads\/2022\/03\/www.petronpay.com-Doesnt-work.png\")
<\/figure><\/div>\n\n\n
They have scammed a lot of people…<\/p>\n\n\n\n
It only underlines the fact that this is just a Scam and Ponzi Scheme.<\/p>\n\n\n\n
(See the list of Red Flags below).<\/p>\n\n\n\nIs PetronPay a Pyramid Scheme?<\/h2>\n\n\n\n
![\"Is](\"https:\/\/setaffiliatebusiness.com\/wp-content\/uploads\/2020\/04\/Pyramid-Scheme-e1620635050278.png\")
<\/figure><\/div>\n\n\n
It is a matter of time before the structure crashes.<\/p>\n\n\n\n
![\"Is](\"https:\/\/setaffiliatebusiness.com\/wp-content\/uploads\/2020\/11\/Buy-Barrel-Petron-Pay-e1605274223918.png\")
<\/figure><\/div>\n\n\n![\"Is](\"https:\/\/setaffiliatebusiness.com\/wp-content\/uploads\/2020\/11\/Price-e1605274284447.jpg\")
<\/figure><\/div>\n\n\n![\"Is](\"https:\/\/setaffiliatebusiness.com\/wp-content\/uploads\/2020\/11\/Airgate-Business-Center-e1620635078495.jpg\")
<\/figure><\/div>\n\n\n