SwagPay is one of the many survey websites on the internet. If you’re interested in them as a way to make money online, you’ll be glad you came to this review. Let me tell you something right away: it’s a scam.
SwagPay is just one more site in the list of websites claiming huge profitability for almost zero effort. They promise thousands of dollars and then just disappear once you request your first withdrawal.
The name is an easy giveaway sign; it’s the same method of imitating a legitimate website to leverage their reputation. In this case, it leeches off Swagbucks’ fame to attract unsuspecting members. It follows the same naming trend as websites like ViralPay and CloutPay.
Are you still not convinced? Let’s find out a bit more.
SwagPay: platform overview
SwagPay has almost exactly the same offer as fellow scam platforms. You earn $25 when you sign up, $10 for each referral, and up to $30 for completing tasks. If you’ve read about Tap 2 Earn, you’ve already seen the same offer.
You can choose from different payment methods, including PayPal and Bitcoin, to withdraw your money. Your account lets you keep track of your earnings and total balance; this feed increases every time you complete a a task or add a referral.
However, that’s as close to your “money” as you’ll get. As soon as you ask for a withdrawal, it’ll be rejected. Support won’t answer any questions, and they can block you from entering the website.
Once claims start to add up, the website simply shuts down and reappears months later with a different name.
What’s their motivation?
These websites make money by collecting personal data from its members. Then, they sell this information to third-party advertisers—and anyone interested in the information. In other words, you’re a product.
You’ll always be required to provide information before completing a survey or entering a competition. This information can be basic—email address, full name, and birthday—but they’ll usually ask for more personal stuff, like phone number and physical address.
All surveys and offers are 100% fake. You’ll see amazing prizes offered: from gift cards to gaming consoles and smartphones. That’s all just to convince you to give them more information. There’s never a winner, and your account balance never leaves their site.
What can we learn about fake survey sites?
Spotting scam survey sites can be difficult if you lack the experience. Thankfully, they follow a standard formula that’s easy to identify.
All survey sites require some information from you; this is how they determine your eligibility for certain surveys. The difference lies in how legitimate sites never ask for your full data before you answer the first question.
That’s due to data protection and its relevant regulations. Real companies are allowed to ask for relevant personal data and nothing more. For instance, prize competitions only require your email address, so legitimate companies only ask for that.
They’ll usually go as far as asking you to confirm you’ve read their terms and conditions. Likewise, you’ll have to give them permission to forward this email address to third-parties. Scam sites like SwagPay don’t do this.
SwagPay’s logic and method
Besides what I just mentioned, there are a few additional signs you can spot before entering their members’ area. Some of these are as simple as using common sense, and verifying a website’s claim isn’t all that difficult, either.
Now, we’ll focus on how SwagPay “justifies” their ability to pay so much money to so many people.
They claim they’ve grown a lot since their establishment, and that’s why their referral payments have increased. However, that doesn’t have to translate into better rates.Just think about all the giant social media sites. They never paid anyone to try out their platform. Therefore, why would SwagPay reward referrals if they’re as big as they claim to be? They just need you to refer people to them so that they can harvest more data.
Besides, they’d be better off paying for online advertisement than rewarding users for every referral. It’s simply more cost-efficient these days; doing the latter likely would kill their budget.
Speaking of budget, we have another red flag here. They claim to make money from sponsorship deals with huge brands. That’s what allows them to share so much money with their users.
These claims are also false. These companies don’t even know SwagPay and similar websites exist. Realizing this is as easy as noticing there are no ads for them in SwagPay’s homepage and other sections.
Besides, how profitable would it be to sponsor a website that gives away money for trivial tasks? Again, they’re better off leveraging social media sites like Facebook and Instagram than paying more than $10 for referral (remember SwagPay is supposed to profit, too).
Lies about experience
Finally, they simply aren’t as old as they claim. According the website, they’ve been in business for half a decade now, and that’s just a lie. Simply looking at their Whois stats shows how they’ve been around since last year.
It ties back to the sponsorship claims: which company would pay a 1-year old website for ad space? There’s no money here, so they can’t pay anyone.
That’s why all payment proof is also false. Faking a payment notification is as easy as editing the dashboard with any software. You can check how no one has received a Dollar from them if you look up real reviews on Google.
There’s not much to say by now other than you’re better off avoiding these websites. You have much better options to build an online business. You only need to remember it’s not effortless, and it requires patience.
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