Is PayBox For Real? Can you Really Make Money By Joining?

PayBox is a website which supposedly gives you $25 when you sign up and $10 for any person you refer to them. PayBox seems to be planning to open up a PayPal-type website for making online transactions. They are not open to the public yet and have "earlybird" users, people who sign up now, that they have complete their daily survey and vote on debit card designs, etc. They give you bonuses for simply going to the site regularly and doing these things. I signed up about three or four weeks ago and, as of right now, I have $601.80 in my account and I have only referred six people.

So, What's the Catch With PayBox.me?

PayBox.me seems pretty safe to sign up for. You only have to give them you name and email, no other personal information. But, here's the catch if there is one. This quote is taken directly from their terms of service:

"All account balances are held in PayBox currency. PayBox maintains a currency that is autonomous and independent of all nations and governments. The PayBox currency is denominated in dollars and cents (similar to the currency of the United States and over 20 other countries). The PayBox currency is currently in a closed system, and cannot be exchanged or spent. Before long we plan to open our currency to be spent and exchanged just as you can with any other currency. Our plans include person-to-person transactions (via the Internet and over cell phone text messages), integration with merchants and shopping cart systems, debit card transactions (through an issued debit card linked to your account), and more. The value of our currency is estimated to be close to that of the U.S. dollar. As is the case with any currency, once the PayBox currency becomes openly exchangeable, its value as weighted against other world currencies can and will fluctuate due to forces beyond our control."

So, as long a PayBox currency ends up being worth something, you might have some money you can spend when they eventually open up. They say they plan to "Open the Box" in April of 2011. The risk is that PayBox currency will be pretty much be worthless and you get nothing. They do say that they will be offering cash bonuses to early bird users very soon, so that might change things a little. There is very little risk involved because you don't have to give them any real personal information. I spend less than five minutes per day on their site, so it's doesn't take up a lot of time. Just remember if you sign up, there is the risk that you won't get much or anything. But if it takes off, your PayBox bucks maybe worth about as a dollars a piece.

Links:

PayBox