ProfitAdShare Review: DailyPayer scheme rebooted?
There is no information on the ProfitAdShare website indicating who owns or runs the business.
The ProfitAdShare website domain (“profitadshare.com”) was registered on the 12th of April 2013, however the domain registration is set to private.
A “certificate of incorporation” from Lancaster City in the UK has been uploaded to the ProfitAdShare website, but lends little to nothing to the credibility of the company (it looks like something I could doctor up in Photoshop in about five minutes).
Of more pertinent interest is the mention of “dailypayer.com” in ProfitAdShare’s terms and conditions:
DailyPayer launched in July 2011 and promised affiliate investors a maximum 2.5% daily ROI, capping out at 200%. ROIs were paid out of affiliate investments with the scheme collapsing a few months later in October.
Today the DailyPayer website is defunct and presumably has been for some time. With that in mind it seems unlikely that the admin of ProfitAdShare stored a copy of DailyPayer’s Terms and Conditions for future use, but rather that the admin of both companies is one and the same.
Based on the information available however, it’s not possible to confirm this.
Either way, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
The ProfitAdShare Product Line
ProfitAdShare has no retailable products or services. Affiliates join the company and then invest in Ad Packs, with the expectation of ProfitAdShare paying them an advertised daily ROI.
Each Ad Pack costs $10 and is bundled with advertising credits that affiliates can use to advertise on the ProfitAdShare website.
The ProfitAdShare Compensation Plan
ProfitAdShare take money from affiliates and in return guarantee a daily ROI ranging from 1.8% to 2.4% over 90 days.
How much of a daily ROI affiliates receive depends on the total amount of money they have invested with ProfitAdShare:
- Bronze Plan – 1.8% daily (1-25 Ad Packs)
- Silver Plan – 2.1% daily (26-50 Ad Packs)
- Gold Plan – 2.4% daily (51 or more Ad Packs)
Referral commissions are also paid on money invested by recruited affiliates, paid out down three levels of recruitment:
- 5% on level 1
- 3% on level 2
- 1% on level 3
Joining ProfitAdShare
Affiliate membership to ProfitAdShare is free, however affiliates must invest money if they wish to earn any commissions.
Free affiliates can generate referral commissions, but they must invest these commissions and participate in the scheme in order to get paid.
Conclusion
With no retail activity, all revenue generated by affiliates and affiliates paid out daily ROIs using newly invested affiliate money, ProfitAdShare squarely fits the definition of a Ponzi scheme.
Despite this however, ProfitAdShare insist that they are not an investment scheme:
You acknowledge Profitadshare.com is not an investment program, multi-level marketing program, High Yield Investment Program, “autosurf”, randomizer, matrix, pyramid, Ponzi scheme, “get rich quick” scheme, or other similar venture.
Yet in the company’s FAQ, the following question appears:
Of course even without a silly pseudo-compliance disclaimer ProfitAdShare is an obvious investment scheme, but it’s still amusing to observe when these schemes trip up over themselves.
Looking at the bigger picture, it’s obvious there’s some tie into the previous failed Ponzi scheme DailyPayer. It’s highly unlikely the admin of ProfitAdShare just kept a copy of DailyPayer’s terms and conditions “just in case”, therefore the chances that the same person(s) are behind both schemes is pretty high.
Moreso when you consider both schemes are advertising based (both use ad packs as their investment front), with similar ROIs touted.
DailyPayer crashed after just a few shorts months and it’s a no-brainer that the same is likely to happen with ProfitAdShare.
What happens then?
Question: Can The Admin Change Rules Of The Program?
Yes, the Admin can. It is in the Admin’s and the members’ interest that this program runs for a very long time, so changes have to be made every once in a while to keep up with the times.
It could be as simple as changing and adding to these FAQs or it could be major amendment, such as changing the rates of the program.
The ProfitAdShare admin changes the rules and runs off with everyone’s money.
If you bought $1000 worth of ad packs you’d be getting 24 dollars a day. It would take you 42 days to even get your investment back! They could just pay you back your own money and it would be almost 2 months before they’d even need to dip into other people’s funds to pay you.
And these guys are stingy on the referral commissions, to boot! The person who would refer you for going in on $1000 would make $50 whole dollars. Wow. I hope they don’t spend that fortune in one place.
How much do you wanna bet they’d just change your account’s password and lock you out of it if you did invest that much? This ponzi scrapes the bottom of the barrel.
Yes u are correct. it is wrong and that because of terms page is supplied by our script company phpflux.
they will register it to our site and they forget to add that dailypayer to profitadshare but when we tell them that we fix the issue so it is not our fault.
u didn’t read our FAQ and news page very well. read it and understand that.
vwe are doing adsharing. it means think a advertiser wants to promote his business or refer all link in another site he wants publish in internet.so what he want is show his add to so many people in one time. so he wants to find a better traffic site.
look at our site. in this day 15th July it hits 12000 visitors in 24 hours. so think if u publish ads in huge traffic site people will know about your business.. so u can’t put banners in good traffic site for free. so that’s why we give adpacks.
each ad pack consist with 10,000 accredits.so once a member bought that he can put 728×90 468×60 125×125 and 10,000 text ads for just 10$.so do u think we can’t pay 0.51 for every 90 days.???
people buying more and more because adcredits reducing when people click that.so every one buy new adpacks daily or when finish his adcredits.
And try to understand don’t publish ur own comment in public site without searching true facts. and remove ur comment on imfaceplate.com/greentrees/profitadshare-review at once.
Right. So you, Samith Kamal, are the owner/admin of ProfitAdShare then? Why is this information not on the ProfitAdShare website for prospective affiliates?
Oh I understand. You take investments from affiliates and pay out a ROI with newly invested affiliate money. Or in other words, you’re running a Ponzi scheme, fronted with advertising credits.
Trouble is retail advertisers have no interest advertising to participants of a Ponzi scheme. All you have are Ponzi players advertising similar schemes to eachother, with older investors receiving money from newer investors.
Yes, facts are facts and AdProfitShare is functioning as your typical advertising based Ponzi scheme. Advertising credit schemes like this are a dime a dozen post AdSurfDaily with all of them pretty much collapsing within six months.
I have nothing to do with the review you quoted either, your research has failed you.