A few days ago, you signed up for ElectMoney.com hoping to make some extra money online from home.
However, something about the platform doesn’t quite add up…
As such, you decided to do your due diligence.
If that’s the case, you’re definitely in the right place!
By the end of this ElectMoney.com Review, you’ll have fully understood why ElectMoney is NOT what it claims to be and why it’s in your best interest to stay as far away from this platform as possible.
Let me explain further…
ElectMoney.com Overview
| Income Potential: | $0/Month (It's a Scam) |
|---|---|
| Owner: | Unknown |
| Official Website: | electmoney.com |
| Price: | Free to Join |
| Best For: | Nobody |
| Launch Date: | 20th of October 2020 |
| Pros: |
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| Cons: |
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| Suggested: | Absolutely NOT! |
| Overall Rating: | 0.5/5 |
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What is ElectMoney?
ElectMoney is a GPT (Get Paid To) platform that promises to pay you a lot of money for completing simple tasks such as installing apps, filling in surveys, playing online games, and making referrals.
However, contrary to legit GPT platforms such as Swagbucks and PrizeRebel, ElectMoney will lie to you, scam you, and never pay you a single dime.
As a matter of fact, as you’ll find out later on, ElectMoney is part of an enormous network of dozens of nearly identical platforms that have scammed thousands of people during the last few years.
If you’ve already signed up and used the platform, then I am sorry but you have completely wasted your time.
If not, do yourself a favor and start running in the opposite direction.
Let me explain further how the ElectMoney scam works.
How The ElectMoney Scam Works
First, ElectMoney.com lures you in with a $100 signup bonus and promises of paying you a crapload of money for completing simple tasks, such as
- Installing applications
- Filling in surveys
- Making referrals
- Signing up for free trials
- Promoting it on social media
- & more
However, ElectMoney will NEVER really pay you any of the money it promises.
That’s the case because the sole purpose of ElectMoney is to generate money for its owners.
For example, every task within ElectMoney that involves installing an app, completing a survey, submitting an email/phone number, and signing up for a free trial is a CPA (Cost Per Action) offer.
Every time you or somebody else completes one of those CPA offers, ElectMoney’s owners pocket money.
The rest of ElectMoney’s tasks are geared towards attracting more members to it.
That’s because the more members ElectMoney gathers, the more people will complete its CPA offers and refer even more people to it who will, in turn, complete even more of its CPA offers and refer even more people to it, and so on.
For instance, ElectMoney.com claims that it’ll pay you $2 per referral link click to get you to share your referral link with as many people as possible.
The more people you share your referral link with, the more people could end up joining the platform.
Likewise, ElectMoney supports that it’ll pay you $15 per referral to encourage you to refer more people to it.
Similarly, ElectMoney.com promises to pay you up to $80 for promoting it on various social media platforms such as YouTube and TikTok to make you attract even more potential victims through them…
Now, every time you complete one of its tasks, ElectMoney will increase your “account balance” based on the amount of money that task was worth.
For instance, if you make a referral, ElectMoney will credit your balance with $15.
However, in reality, that’s just to trick you into believing that you’re making progress so that you’ll keep investing time and energy in completing more of its tasks and making more referrals.
That’s because the more tasks you complete and the more referrals you make, the more money ElectMoney’s owners will ultimately pocket.
Lastly, ElectMoney states that to let you cash out your “earnings” you’ll have to get at least 25 clicks on your referral link, make at least 5 referrals, publish at least 10 promotional posts, as well as complete at least 6 tasks.
However, those “cashout requirements” are just ElectMoney’s way of ensuring that you’ll complete at least a few of its tasks and make a couple of referrals before you realize that it’s a scam.
Pretty evil, right?
Well, this is it… This is exactly how ElectMoney scams people.
Get this very well in your head, ElectMoney will NEVER pay you a single dime. You will NEVER earn any money with it.
If you value your time and energy, I suggest that you stay as far away from that sh*thole as possible!
ElectMoney.com Pros
- Free to Join
1. Free to Join
The only upside of ElectMoney.com is that anyone can join it for free.
Everything just goes downhill from there…
ElectMoney.com Cons
- It'll Ban Your Account
- Fake Testimonials
- Inconsistent Information
- No Contact Info
- Unknown Owner
- Hacking Danger
- Part of Huge Scam Network
- BBB Consumer Alert
1. It'll Ban Your Account
Not only ElectMoney.com will NEVER pay you, but after requesting a cashout of your earnings, it’ll shut down your account using as an excuse that you committed fraud and that all your clicks and referrals were fake.
This is the actual message they’ll send you:
While attempting to submit your payments, our system has deemed some or all of your stats to be unauthentic, Due to that, your payment has been canceled, and your account is pending termination.
Your account will be terminated within 7 days. If you would like to start over the AUTHENTIC way, then you are welcome to do that.
If you think, that was a mistake, you can contact our Fraud Department.
Now, if you try to contact its Fraud Department as suggested, you’ll hit a dead-end because all the contact information on its website is fake (more on that later on).
Seriously, you have way more chances of having $1.000.000 landing on your lap while lying on your couch staring at the ceiling all day long than earning just $1 with ElectMoney.
In fact, I am so confident that ElectMoney.com will never pay you a single dime that if it does, please contact me with proof and I’ll deposit $1000 more in your account just for being wrong…
2. Fake Testimonials
In an attempt to trick potential victims that it’s legit, on its homepage, ElectMoney has posted a bunch of fake positive member testimonials.
As you can see in the images right below, the exact same testimonials have also been used by some of ElectMoney’s sister scams, Tasks4Cash and SpininCash.
The use of fake testimonials is a definite sign of a scam.
3. Inconsistent Information
ElectMoney’s website is full of inconsistent information.
First of all, ElectMoney claims that its Terms & Conditions were updated on the 14th of May 2019.
However, as you can see in the image right below, ElectMoney was launched more than a year later, on the 20th of October 2020.
Furthermore, throughout its Terms & Conditions, ElectMoney being reffered to as “ElectMoney.co” not “ElectMoney.com“.
Such inconsistencies in information are common among most scams.
4. No Contact Information
Another sign that ElectMoney.com is a scam is that it offers no contact information whatsoever.
No email address, no telephone number, no physical address, no chat, no contact form, nothing…
Every legit website on the face of this earth offers at least one means of coming in contact with a support team for help and answers.
5. Unknown Owners
Another red flag that ElectMoney.com is a scam is that it provides no information about its owners.
Scammers never reveal their identity in order to avoid being identified with their fraudulent activities and getting caught.
A legit website/company ALWAYS provides information about who owns and runs it.
6. Potential Hacking Danger
Every time I attempt to visit ElectMoney.com, my antivirus blocks access to the website due to potential data loss (image below).
What this means is that accessing ElectMoney might infect your devices with viruses that could enable hackers to get their hands on personal data and sensitive information of yours, such as
- social media accounts
- emails
- credit cards
- bank accounts
- etc
If you don’t have an internet security or antivirus program installed, make sure to steer clear of ElectMoney at all costs…
If you’ve already accessed the platform without having any protection in place, I’d suggest that you immediately purchase an antivirus and scan your entire system to ensure that it hasn’t been compromised.
7. Part of a Huge Scam Network
ElectMoney is part of an enormous network of dozens of almost identical scams that have scammed millions of people during the last few years using the same scamming techniques.
Some of ElectMoney’s sister scams that you might have heard of are:
- Kids Earn Money
- NotionCash
- GoCashouts
- StudentsEarnCash
- and Tasks4Cash
just to name a few.
Right below you can see for yourself how ElectMoney is basically a clone of Tasks4Cash and SpininCash.
8. BBB Consumer Alert
In March 2019, the BBB (Better Business Bureau) issued consumer alerts for Kids Earn Money and Notion Cash, both of which are ElectMoney’s sister scams.
According to BBB, between January 4 and March 13, 2019, BBB Metro New York received several complaints and scam reports regarding Kids Earn Money and Notion Cash.
After conducting an investigation, BBB concluded that the unrealistic earning claims both those platforms made were in violation of BBB’s Code of Advertising.
BBB attempted to locate the owners of the platforms through email, telephone number, and/or physical address to sort things out but without any luck.
At that point, BBB rated both Kids Earn Money and Notion Cash with an “F” suggesting to the public that they should stay as far away as possible from them.
According to BBB, people who sign up for Kids Earn Money and Notion Cash think that they are online marketing agencies that will pay them money for completing “tasks”.
The money appears to increase on the platform’s dashboard after completing those tasks, but when the consumer tries to cash out their earnings, often when they reach some set requirements, they report that they are unable to retrieve the promised payment or contact the company for assistance.
BBB supports that the purpose of such scams may be data harvesting, for the likely intent of selling the gathered information to spammers. There is also the possibility of identity theft.
Right below you can take a look at what people who have been scammed by Kids Earn Money and Notion Cash have to say about the platforms on BBB.
You can take a look at all the complaints about Kids Earn Money and Notion Cash by following the two links right below:
While the fact that BBB has issued consumer alerts for Kids Earn Money and Notion Cash doesn’t quite prove that ElectMoney is a scam as well, would you trust that a platform that is operating exactly like Kids Earn Money and Notion Cash and created by the same people would actually pay you any money?
Because I definitely wouldn’t…
ElectMoney.com Review Summary
Income
Potential
You’ll NEVER earn you a single dime with ElectMoney
Resources
Offers no valuable resources whatsoever
Value for
Money
It’s a waste of time that’ll infect your system with viruses
Support
Provides no contact information whatsoever
Success
Stories
All its positive testimonials are fake
Overall Rating
Is ElectMoney.com Legit or a Scam?
I hate to be the bearer of bad news but ElectMoney.com is a SCAM.
If your goal is wasting your time and energy in a scam that’ll never pay you even if your life depended on it, then ElectMoney is probably exactly what you are looking for.
