For the last few months, MoneyChaser.co is being marketed throughout the web as the best way to earn $500 a day by referring your social media friends and followers to the platform.
But is it?
The answer would be a resounding NO!
Truth is that you will never earn even a single dime with MoneyChaser.
The platform is part of a huge network of scams which have been plaguing the internet for many months now and have already scammed tens of thousands of clueless, unsuspecting people.
In this review, I will go over exactly what MoneyChaser really is, how it works (or to be more accurate, doesn’t work), and why it might be of your best interest to steer clear of it… This way, you’ll be able to make an informed decision about whether this platform is worth your time and attention or not.
Spoiler alert: It’s NOT!
Keep reading to find out why…
ZERO earnings potential. MoneyChaser is a scam.
Referral link, promotional banners, FAQ center, submission guidelines.
Value for Money
Free to join. Additional charges may apply after you join. The platform is worse than useless.
Provides two fake email addresses and a fake Skype address of an “account manager” for support.
Fake payment proofs and positive testimonials on its website.
What is MoneyChaser.co About?
MoneyChaser.co claims itself to be a 100% legit platform which will pay you a lot of money for getting your social media friends and followers to join the platform through your unique MoneyChaser referral link as well as for completing a variety of other very simple tasks which require no previous experience whatsoever.
More specifically, with MoneyChaser you’ll supposedly earn
- $25 just for signing up
- $2 for each person who clicks on your unique MoneyChaser referral link
- an additional $10 for each person who joins MoneyChaser after clicking on your referral link
- $30 for filling in surveys and entering contests
- $10 for installing applications on your mobile phone
- $50 for creating YouTube videos promoting MoneyChaser
- $10 for publishing MoneyChaser promotional posts on Facebook/Instagram/Twitter (only once every 48 hours)
Okay, everything sounds pretty simple and straightforward up until this point right?
Almost too good to be true someone could say…
Well, you couldn’t be more right!
MoneyChaser is actually a big fat scam which never intends to let you get your hands on the money you’ve earned fair and square through it in the first place…
This solves the puzzling question “Why the heck would MoneyChaser pay me so much money for doing so little work?”
Well, they really won’t!
Let me explain further…
How Does MoneyChaser Work?
First of all, MoneyChaser lures you in with the promise of a $25 sign up bonus…
Many people join MoneyChaser thinking that they can get their hands on that $25 bonus right after creating their account.
This is exactly how I ended up joining Viral Pay, one of MoneyChaser’s sister scams, for the first time a few months ago.
However, in order to be able to cash out that $25 bonus or any subsequent MoneyChaser earnings, you need to
- refer at least 5 people to the platform
- complete at least 4 tasks on the $30 TaskWall
- have at least 20 clicks on your unique referral link
- have earned at least $100 with MoneyChaser
Some people will quit MoneyChaser once they realize that they have to actually work a little bit more to get the $25 signup bonus they were promised. What’s pretty funny is that those are actually the lucky ones.
However, there are others who will say “What the hell, the tasks I have to complete to qualify for payment are not so hard to complete. Plus, I can earn even more money by completing them. Let’s give it a try!” … Those are the ones who end up being scammed.
They start making an effort to refer more people to the platform as well as complete tasks, thinking that the next time they hit that “Request Payment” button, they’ll get hundreds of dollars deposited in their bank account.
However, what they don’t know is that MoneyChaser will ban their account the moment they request a payment using as an excuse that they faked their clicks and referrals.
This way, the only winner out of this pathetic charade is MoneyChaser.
- First, it lures you in with a $25 signup bonus
- Then it tells you that in order to get your signup bonus you need to meet certain criteria (20 clicks on your referral link, 5 referrals, complete 5 tasks, earn $100)
- It also tells you that for every click, referral, and task completed you’ll earn even more money
- So, you start trying to meet those criteria in order to qualify for a payment as well as increase your earnings
- When you finally meet every single one of those criteria and you request for the money you’ve earned fair and square, they kick you out leaving you high and dry
This way, MoneyChaser got you to complete several tasks which bring money to its owners as well as drive more people to the platform which will, in turn, complete even more tasks which will, in turn, bring even more money to MoneyChaser’s owners and all that, without having to pay anyone a single dime for their work.
Pretty appalling right?
Well, this is it… This is how MoneyChaser works or to be more accurate, doesn’t work.
Get this very well in your head, MoneyChaser will NEVER pay you a single dime! You will NEVER earn any money with it! Trying to make MoneyChaser work is just a waste of your precious time and energy.
Who is MoneyChaser for?
MoneyChaser is for no one… The platform is more useless than a car without wheels…
Seriously, the chances of earning money online by lying on your couch staring at the ceiling all day long are so much more than the chances of earning money with MoneyChaser.
In fact, I am so confident that you won’t be able to earn even a single penny with MoneyChaser that if you do, you can contact me with proof and I will deposit $100 more right in your account just for being wrong…
Who is MoneyChaser NOT for?
MoneyChaser is definitely NOT for people who want to earn money online.
- want to build a full-time income online to quit your job
- are in need of some extra money to provide for your family
- are working a part-time job and need a supplementary income to cover your expenses
- want to gain the freedom to work whenever you want and from wherever you want in order to be able to travel around the world
- have tried other MMO and GPT platforms and systems but failed to meet your financial goals and you are still looking for the real deal
- aren’t working at all and you are looking for a way to build a source of income online
MoneyChaser Success Stories & Testimonials
Throughout MoneyChaser’s website, you’ll be able to find a number of screenshots of payments made to MoneyChaser’s members as well as a few positive testimonials about the platform.
Just a heads up, every single one of them is fake…
Let me explain starting with the testimonials.
MoneyChaser Fake Positive Testimonials
The video right below is one of the testimonials that have been published on MoneyChaser’s website and more specifically on moneychaser.co/video-testimonials.
According to MoneyChaser, this guy is one of their top performing partners who has been generating over 10k$+ a month with the platform!
The only problem is that he is not.
That guy has never even joined the platform. He is just a paid actor who is offering his spokesperson services as a freelancer on Fiverr (see image below).
This means that MoneyChaser has paid that guy to record a video saying whatever they want.
The video doesn’t reflect his own opinion about the platform in any way.
MoneyChaser Fake Payment Proofs
Okay, a payment of $1804.95 on the 15th of July 2019…
Why is that so weird and how does that prove that this payment screenshot is fake?
Well, as you can see in the image below, the domain name moneychaser.com was registered on the 14th of July 2019.
This means that the platform started operating 14/07/2019. The payment seems to have taken place on 15/07/2019, just one day later.
Are we supposed to believe not only that someone made $1804.95 with MoneyChaser the first day the platform started operating, but also that MoneyChaser paid that money in less than a day? This just doesn’t happen.
This payment proof is obviously fake.
And in my eyes, if one payment proof is fake, then all the rest are fake as well.
How Much Does MoneyChaser Cost?
MoneyChaser is free to join.
However, it’s not 100% free to use.
You see, in order to complete some of the tasks on its $30 TaskWall, you’ll be asked to submit your mobile phone number and subscribe to various very pricey text message services which will keep forwarding you dozens of promotional text messages per month at your own cost. And those text messages aren’t cheap at all. Just one text message could cost up to $5 and sometimes even more.
Despite the fact that there are probably ways to unsubscribe from such services, I would never trust a scammy platform such as MoneyChaser with my mobile phone number.
Furthermore, other tasks might ask you to fill in your credit card or bank account information.
If you don’t want to end up having money sucked out of your accounts by people you don’t know, don’t even think about it.
Plus, if you consider that MoneyChaser will ban your account the moment you request a cashout, there’s really no point whatsoever in trying to complete those tasks in the first place.
- Free to join
1 • Free to Join
The only thing I like about MoneyChaser is that it’s free to join.
This way, if someone decides to give MoneyChaser a try they will just waste some of their time until they realize that the platform is a scam which never intended to pay them in the first place but not any of their money assuming of course that they don’t submit their mobile phone number or credit card info anywhere within it.
- Has just one pro
- Unrealistic claims
- Additional charges to complete tasks
- Fake contact information
- Fake payment proofs and testimonials
- Unable to cashout
- Potential hacking danger
1 • Has Just One Pro
The fact that MoneyChaser’s sole pro is that it’s free to join is just sad…
2 • Unrealistic Claims
Just like the majority of completely useless MMO platforms do, MoneyChaser uses a lot of unrealistic earning claims in order to bait people in.
The first thing that you’ll see when you land on MoneyChaser’s website is a huge banner saying “Make $500 Today”…
First of all, if earning $500 a day with social media were that easy, everyone in the world having a smartphone would be rich now…
Also, earning $500 online in one day could be possible only for established digital marketers with a ton of experience. It’s impossible for a beginner with no previous experience and no targeted audience to make that kind of money online in just a day, or even a month to be truthful.
Nonetheless, since MoneyChaser will never actually pay you a single dime, the level of your experience with digital marketing doesn’t really matter.
No person can ever make money with MoneyChaser, neither beginners nor advanced digital marketers.
Furthermore, MoneyChaser claims to have paid $14 million to 300k of its members.
First of all, at the time of this review (22/9/2019), MoneyChaser is just 2 months old…
It seems impossible to me that a 2-month-old platform has paid so much money to so many people in such a short amount of time…
And even if it had, if you do the math, $14 million to 300k member equal to $47 per member. That’s not that much money.
MoneyChaser being featured in Forbes and Fox News is also a lie and you can confirm that with a simple Google search for the terms “MoneyChaser Forbes” and “Moneychaser Fox News”.
The only way Forbes and Fox News would feature MoneyChaser would be if they were talking about the most useless platform on the face of the Earth.
3 • Additional Charges
As I’ve mentioned earlier, in order to qualify for a cashout of your MoneyChaser earnings you need to complete at least 4 tasks on its $30 TaskWall.
In order to complete some of those tasks, you’ll be required to submit your phone number and agree to subscribe to paid text-message services which will probably cost you a ton of money.
Other tasks might ask you to fill in your credit card or bank account info and then start charging you for random products and digital services you never actually bought.
This way you could end up losing a ton of money while attempting to complete tasks in order to qualify for your first MoneyChaser cashout which is never going to actually take place because MoneyChaser will ban your account once you request it.
Stay away, people!
4 • Fake Contact Information
MoneyChaser provides two email addresses (firstname.lastname@example.org & email@example.com) and a Skype address (@moneychaser.co) to contact in case you need answers or support regarding the platform.
First of all, I checked both of those email addresses against an email checker software and as it turns out they are not valid (see images below).
Unfortunately, the Skype address is also non-existent so don’t expect that you’ll get the slightest support from MoneyChaser.
I would expect nothing less from such a shitty platform.
5 • Fake Payment Proofs and Testimonials
Platforms such as MoneyChaser which employ fake success stories, fake testimonials, and fake payment screenshots in order to make themselves appear more credible and trustworthy, just suck hard, period!
First of all, the fake payment screenshots that MoneyChaser uses, prove that it indeed doesn’t pay its members… If it did, they wouldn’t publish fake payment proofs and risk their credibility and trustworthiness. They would just publish some real ones!
Secondly, the fact that Moneychaser’s creators have published fake positive testimonials shows that they know their platform sucks so bad that it would never get authentic positive testimonials from people who have actually tried it.
Lastly, just so you know, according to the Federal Trade Commission (FTC), using fake positive testimonials/success stories is considered illegal and subject to huge penalties as it encourages customers to invest in a product or service they otherwise wouldn’t if those fake testimonials/success stories didn’t exist, thereby defrauding them.
6 • Unable to Cashout
The biggest con of MoneyChaser is that it will never let you get your hands on the money you’ve earned with it.
Even if it didn’t have any other cons and like a thousand more pros, this con alone beats the whole purpose of joining and using the platform in the first place.
Trying to make money with MoneyChaser would be like trying to hammer a nail to the wall with a sponge – it’s just pointless and will never truly work…
7 • Potential Hacking Danger
So, the other day, I tried to complete one of MoneyChaser’s TaskWall tasks which didn’t require me to submit any personal info, mobile phone, or credit card number.
It was actually a survey.
However, before I even got to access it, my antivirus went off giving me the alert below…
Apparently, MoneyChaser’s tasks lead to 3rd party websites which contain viruses which could enable hackers to get their hands on personal data and sensitive information of yours such as the login credentials to your social media, email, credit cards, or even your bank accounts.
If you don’t have an internet security or antivirus program installed make sure to stay clear of MoneyChaser at all costs…
If you’ve already accessed the platform without having any protection in place, you must immediately purchase an antivirus and scan your entire system in order to ensure that your computer hasn’t caught a virus and that your personal data and sensitive information are safe.
So, What Now?
Okay, so you read this MoneyChaser review in its entirety…
Well, as I see it, right now you have 4 options…
- You either waste your time and effort trying to make money online with MoneyChaser (awful choice)
- You check out my top suggestions Project 24 or Wealthy Affiliate, which are proven to have helped hundreds of people earn their living online (optimal choice)
- You take a look at the dozens of others reviews I’ve put together hoping you’ll find something which suits you better there
- Or you walk out of here completely empty-handed
If I were where you are (which I’ve been), I would join Wealthy Affiliate (which is what I actually did).
- Wealthy Affiliate is one of the best MMO platforms that currently exist
- I’ve actually been a premium Wealthy Affiliate member for almost 3 years now and I couldn’t be more satisfied with it
- Wealthy Affiliate has the most success stories I’ve ever seen in an MMO course. Dozens more are being published daily within its forum-like community
- It is completely FREE to join (no credit card required and no catches whatsoever)
Make sure to go ahead and find out more about Wealthy Affiliate by taking a look at my Wealthy Affiliate Review.
So, what are you going to do?
CEO & Founder at Dear Boss I Quit
Xaric started his journey to making money online back in 2016. After a lot of trial & error, he managed to build a full-time income online and he is now working from home. He founded dearboss-iquit.com in order to help as many people as possible achieve the exact same thing and he now serves more than 30.000 people per month!
You can read more about Xaric’s story here.