Hi there and welcome to my Walletsync review. How would you like to make money by watching videos? Well you may be considering signing up to WalletSync.
Is WalletSync a scam or should you sign up to this 'get paid to' platform? There are a couple of concerns that I would to share with you regarding Walletsync.This comprehensive review is going to help you with all the answers that you need to make a decision.
You may be an individual who at some point, have been scammed or encountered 'get rich schemes,' during your quest to find a decent make money online opportunity. I am here to tell you that despite these scams and schemes, there are still legit ways to making money online.
NAME OF SYSTEM: WalletSync
FOUNDER : Not certain at this point.
WHAT IS ABOUT:You earn money by watching videos. You can also earn from the efforts of other whom you invite to the program.
WHAT IS WALLETSYNC ALL ABOUT?
Walletsync is a site that pays you for watching videos. In addition they have a referral program. You can also earn from the efforts of the people who you introduce into the program.
There is some uncertainly as to when this platform came into existence. According to the website, Walletsync is in existence since 2017. The head office is located in Birmingham, UK.
Who is the owner of Walletsync?
I could not find out much information except that his name is Martin Martey.I consider this the first red flag.
Let's take a look and see how this platform works.
HOW DOES WALLETSYNC WORK?
The WalletSync compensation plan is fairly straight forward. You get paid for watching videos.
When you sign up to WalletSync your membership is free and active for only the first 12 days, after which you have to upgrade your account.
You can still earn money by watching videos within this trial period, but the amount of videos that you can watch is limited to only 2 videos per day. The pay per each video is $0.45.
Therefore, your earning potential is limited. You can however increase the amount of money you earn by upgrading your account to one of their premium membership plans.
The higher the plan you choose , the more videos you can watch and ultimately the more money you can earn.
Apart from the trial plan, there are 5 additional paid plans that you can choose from.
- ESSENTIALS PACK -$39
- CORPORATE PACK - $99
- ENTERPRISE PACK - $199
- ELITE PACK - $399
- ENHANCED PROFESSIONAL PACK - $679
If you were to go for the highest package which costs $679, then you can watch a maximum of 54 videos on a daily basis.
The second way in which you can earn is via their referral program. You get paid a small percentage on the videos that your referrals watch.
HOW TO MAKE MONEY WITH WALLET SYNC? INSIDE THE MEMBERS AREA
The process to earning money by watching videos online is literally easy as 1.2.3 when you become a member of WalletSync.
The first step, is to click on the 'earn' tab on the left hand side. Then you simply click on the video tab. As you can see, since I am on the free account, I have two videos to watch.
When you click on the videos tab, a bunch of videos will show up.
You will notice that some videos are 10 minutes long whilst others are shorter. Do not stress if you are thinking that you have to watch the entire video to earn.
The fact is that you have to literally click on any video and within a few seconds your account is credited with $0.45 cents.
Sounds really easy right?
What is the catch? I will show you soon enough.
HOW MUCH MONEY CAN YOU MAKE WITH WALLETSYNC?
Let's say that you were to upgrade to the highest plan, the Enhanced Professional pack for $679.
According to the website, you can earn a maximum of $10,000.
Let's do some maths here.
The earnings per video is $0.5. The number of videos that you can watch on a daily basis is capped at 54. So, for one days work you can earn 54 * 0.5 = $27.
So for one month you could roughly make 27 * 30 = $810.
In 12 months, you can make yourself $10,000. That is considering if everything goes according to plan.
With these kind of platforms, they can terminate your account at any time,and you cannot do anything about it.Or worse they can shut down their services.
A case in point take a look at my review of Workmines. It operated on a very similar pattern to this one and many folks have lost all of their monies worth.
Speaking of proof of earnings, are there any real testimonials to show that folks have been earning with Walletsync?
Let's a look, shall we?
CAN YOU MAKE MONEY WITH WALLETSYNC?
Their Live Chat feature was amazing to use.It was quick and efficient.
I wanted to know how long WalletSync has been around, to which the reply was 2 months.
Therefore I would assume that there may not be much records as yet.
Surprisingly enough though, the website showed payment proof. Take a look below.
The website very clearly states that withdrawals will only take place on Thursdays and Fridays respectively.
However, the dates that I highlighted in the figure above, shows payments which do not fall on either a Thursday or Friday?
Are these payments real, or is it just random figures?( The second red flag)
Now it's time to summarize the pros and cons of Wallet sync.
WHAT I LIKE ABOUT WALLETSYNC
I like their live chat feature. Their support is amazing.
I like the fact that the tasks are really easy to do.
WHAT I DO NOT LIKE ABOUT WALLETSYNC - THE RED FLAGS
You are forced to take out one of the paid plans. As per their official rules, should you decide to not upgrade after your trial period has ended, then they have the right to cancel your account.This means that you will forfeit all of your earnings.
They do not accept Paypal as one of their payment options.
There is no information on the real owner. Though I had to find out via the live chat that the man responsible for Walletsync goes by the name of Martin Martey. I could not find any further information on him.
The stories of the companies origin does not tie up. Whilst the lady on live chat told me that the company started two years ago, the website states in their frequently asked question section, that the company has been around since 2017.
The company statistics is misleading.The company states that they have over 39990 members and paid out $943710. If they trading for just under 2 months are these kind of results really possible?
I highly doubt it.
IS WALLETSYNC LEGIT? MY PERSONAL OPINION
There are so many inconsistencies going on here. Firstly, there is not enough information as to who the owner is.Then its unclear which of the payments are legit and which ones are made up.
I personally do not like the fact that one has to pay in order to earn. That is absurd. I reviewed many 'get paid to' websites and none of them charged for joining them.
Is Walletsync a pyramid scheme? It's clear that there are no products or services that one is purchasing here. The way I see it, is that folks are investing money into the 'company pool.'
A huge chunk of the fees are going to the owners(whoever they are). Remember if you bring in referrals, you only earn a minute amount on the videos they watch. You are not getting any commission or cut from their enrollments.
Coming back to the 'company pool,' scenario. What do you think will happen once members stop investing into Walletsync?
Exactly, the pool will run dry, the owners have still made a killing, but where does that leave you?
This is what had happened to members who joined Workmines. Ironically, Workmines came into operation in 2017. The same year as stated on the Walletsync website. They too also targeted countries such as South Africa, Cameroon, Ghana, Kenya, UK and Korea. Is there a connection between Walletsync and Workmines?
I think that whatever is going on, one needs to exercise caution here. I believe that Walletsync is still young, and things may look all 'sunny and fun' initially. Things can change around and it may not look pretty anymore.
BOTTOM LINE: I would not recommend Walletsync to anyone.
CAN YOU REALLY MAKE MONEY ONLINE?
Yes you can.
As I had mentioned earlier on there are various 'get paid to' websites that you can join that are free. Some of them require of you to complete qualifying courses, whilst others may not always have tasks available every time.
The important thing though, is that they do pay once you complete the tasks at hand. Here are some of the ones that I reviewed that you can check out,
The drawback to these make money ventures, is that you have to be active doing the tasks in order to earn money. If that is okay with you, then give it a shot.
If on the other hand you are looking for a way to earn a passive income online,then it may require more time and effort. However, you will be building an asset. Something that will allow you to earn without having to trade your time for money.
It would be my pleasure to show you the proven method that I use to build an online passive income. In addition I would be happy to help you every step of the way.Simple click on the link that follows to learn more.
Thanks so much for joining me on this Walletsync review
I hope that it has helped you out.
Do not hesitate to leave any questions or comments that you may have below.
Looking forward to hearing from you.
Kind Regards and Take Care