Pay Income is an all new investment platform which claims to generate 500% per minute. Their profit claims are enough for most people to label them as a scam.
However, there is a minority amount of people with no knowledge about the markets who are falling for these schemes. This firm is operating outside the boundaries of law and is bound to grab the attention of the regulatory authorities.
If you are looking for information about the real agendas behind their platform, then continue to read our full review.
Company and Support Details
Each and every company in Canada which operates in the trading niche should be overseen by proper regulatory bodies. This platform boasts itself as a legally operating company.
However, the hard facts suggest otherwise. First of all, we didn’t find any proof to support their claims. We personally ran a search across all the governing bodies to find any information about them, but nothing which would instill confidence was found.
Long story short, they are a fraud. If you need any assistance on their platform, then you are all out of luck. The support team communicates only via emails and they have a horrible history.
They might initially interact with you just to convince you into depositing more. However, once they have the control over the funds, its game over. Here are their contact details.
Address – 292 King St, E Toronto, ON M5A 1K4
Email – [email protected]
Pay Income Operational Model
Pay Income is allegedly active in trading the forex and cryptocurrency market. They talk about the glorious achievements they have done till now. Many newbies might find it astonishing, but do not believe them as there is no proof to back them up.
If they were truly legit, they would have at least present the visitors with a trading history. Moreover, do not be kind enough to give them the benefit of the doubt.
Any information about the fund managers are hidden from investors. Even the trading approach they use and the parameters affecting their decisions are unknown. With these many question marks, think for a minute, is it really worth the risk?
Forex and cryptocurrency market enables thousands of traders to earn a living on a daily basis. However, just like any other job, it involves mastering discipline and skills.
If you look at the investment plans this platform has to offer, then you will find it very hard to stop laughing. The amount of profits they supposedly generate is way too over exaggerated.
Looking at the way they are functioning, it is very clear that they are targeting newbies who have little to no experience. 500% per minute means within an hour through compounding you will earn more than the entire wealth of the world.
While these scenarios are fun to think about, it is impossible to achieve. So, regardless of how tempting things are on their website, stay away from them.
Just like how humans can’t survive without oxygen, these ponzi scams can’t operate without huge incoming traffic. Nowadays it costs a lot of money to do paid advertising. So, to cut costs and acquire clients in a cost effective manner, this platform features an affiliate program.
The promoters gets a high percentage revenue share for driving traffic and to keep them on their toes, the creators offer them a ton of perks as well. Moreover, all the affiliates get access to custom marketing tools to increase the conversion.
To get their commission, promoters often create fake reviews and that is why you should be aware of your source of information. Do not interact with anyone who is associated with this platform.
Unfortunately, the details about the registrant were masked which means we don’t have a clue about their whereabouts. However, the following are the key information about their demographics.
Domain – Payincome.io
Registered On – 14/03/2019
Expiry – 14/03/2020
Alexa Global Rank – 1,021,839
Rank in United States – 479,897
Target Audience – United States, Bangladesh and Philippines
There are a number of customer feedback on the homepage of this website. To many unsuspecting newbies, this might seem like a move which shows the transparency. However, that is certainly not the case.
As you can see from the image below, all the comments are from bogus user profiles with stock photos. A legit organisation would never lie about their performance unlike this platform which is a red flag for sure.
If you come across any testimonial which sounds too good to be true with referral link attached to them, then do not give it a try.
Pay Income Review Conclusion
Pay Income is a ponzi scam at best. They might have paid some clients in the past. However, the amount of risk they carry makes them one of the worst things in the world of finance.
Making money without lifting a finger is the dream many of us have, but at the end of the day without skill nothing is possible. Be cautious whenever you come across investment opportunities like this one because quite often it will be a swindle. After all, everything worth having has a price.