- Report: #599074
Complaint Review: Pay It Forward Traffic - Internet
Reported By:
gottaken -
San Francisco, California, United States of America
Submitted:
Updated:
-
Author Not Confirmed
Why?
Pay It Forward Traffic
Internet, United States of America
Phone:
Web:
www.payitforwardtraffic.com
Categories:
Business Rating:
(0)
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Pay It Forward Traffic They changed the ROI % from 7% weekly to a paltry monthly 9+%, Internet
Ok here it is
I joined when the offer of % was 7% weekly. The site is a revenue-share which shares a large % of all profits.
We were required to surf 100 sites a month.
A few months after I arrived, the setup changed. Now PIFT was only paying at the end of the month. For 2 or 3 months, we still had to surf 100 sites a month.
I did my surfing and waited for the pay which did not come for two months. In the interim, the 100 site surfing requirement was dropped. And it is still no longer required as of today.
Tony Babb the owner, meanwhile when he realized that PIFT could no longer pay the membership, set up a couple of companies and invited all to join.
Before he did that, he sent a letter out to the membership that there would no longer be rebates paid to the members that had made 300% or more ROI (return on investment).
In effect, I had $100 tied up and it is still tied up. Today before I wrote this report, I made sure to check the end of the month profit and it was a little over $9.00 I am not sure if that is for the last 2 months or just this one, as, like I said, I did not get anything last month, even though I surfed the (then required) 100 sites.
Thus far, since I joined on 10/21/10, I have received
$5.50 on 12/7/09
$2.50 on 1/18/10
$2.50 on 3/30
and currently 5/1/10 I am pending on a $9.75 payment.
Friends that is a total of $10.50 plus a pending $9.75 So add that together and it amounts to $30.25 since 12/7/09
Which amounts to less than 1/3 of my principal returned in 83 days........at this rate even if I give Tony the benefit of the doubt, and say that he will pay 9.5% of my principal back, each month, it will take me over 7 more months to break even and get my principal back.
Then another 11 months or so to double my money, which is my goal.
So you can see that paying those of us that got in at the end of the PIFT ponzi scheme.....for that is what it turned out to be.....has allowed Tony B. to keep using Alert Pay.
When Alert Pay has enough complaints, they stop these ponzi schemer's from using them. However, in this case, he has been paying even though it is paltry compared what my $100 could bring in at most other pay-surfs or investment sites.
I will pose the question: How many of you would join an ad-surf or investment company that offered less than 10% back a month? Not many I would wager.
I am dismayed that Tony Babb could not refund my principal and that it will be tied up all year...or almost 2 years if I want to double. If he even lets me double my money there.
I will update when my pending payment clears AP.
I had to report the truth. T.B. is not a ripoff per say but his business practices leave a lot to be desired and people should know how he
is operating. Those in at the beginning doubled and tripled when he was paying 28% a month........the rest of us either had to join his
new companies or play the waiting game like me.
Sorry Tony.....I won't spend any more $$$ with someone who is "robbing Peter to pay Paul."
Peace
I joined when the offer of % was 7% weekly. The site is a revenue-share which shares a large % of all profits.
We were required to surf 100 sites a month.
A few months after I arrived, the setup changed. Now PIFT was only paying at the end of the month. For 2 or 3 months, we still had to surf 100 sites a month.
I did my surfing and waited for the pay which did not come for two months. In the interim, the 100 site surfing requirement was dropped. And it is still no longer required as of today.
Tony Babb the owner, meanwhile when he realized that PIFT could no longer pay the membership, set up a couple of companies and invited all to join.
Before he did that, he sent a letter out to the membership that there would no longer be rebates paid to the members that had made 300% or more ROI (return on investment).
In effect, I had $100 tied up and it is still tied up. Today before I wrote this report, I made sure to check the end of the month profit and it was a little over $9.00 I am not sure if that is for the last 2 months or just this one, as, like I said, I did not get anything last month, even though I surfed the (then required) 100 sites.
Thus far, since I joined on 10/21/10, I have received
$5.50 on 12/7/09
$2.50 on 1/18/10
$2.50 on 3/30
and currently 5/1/10 I am pending on a $9.75 payment.
Friends that is a total of $10.50 plus a pending $9.75 So add that together and it amounts to $30.25 since 12/7/09
Which amounts to less than 1/3 of my principal returned in 83 days........at this rate even if I give Tony the benefit of the doubt, and say that he will pay 9.5% of my principal back, each month, it will take me over 7 more months to break even and get my principal back.
Then another 11 months or so to double my money, which is my goal.
So you can see that paying those of us that got in at the end of the PIFT ponzi scheme.....for that is what it turned out to be.....has allowed Tony B. to keep using Alert Pay.
When Alert Pay has enough complaints, they stop these ponzi schemer's from using them. However, in this case, he has been paying even though it is paltry compared what my $100 could bring in at most other pay-surfs or investment sites.
I will pose the question: How many of you would join an ad-surf or investment company that offered less than 10% back a month? Not many I would wager.
I am dismayed that Tony Babb could not refund my principal and that it will be tied up all year...or almost 2 years if I want to double. If he even lets me double my money there.
I will update when my pending payment clears AP.
I had to report the truth. T.B. is not a ripoff per say but his business practices leave a lot to be desired and people should know how he
is operating. Those in at the beginning doubled and tripled when he was paying 28% a month........the rest of us either had to join his
new companies or play the waiting game like me.
Sorry Tony.....I won't spend any more $$$ with someone who is "robbing Peter to pay Paul."
Peace
1 Updates & Rebuttals
gottaken
San Francisco,California,
United States of America
I did get paid this month
#2Author of original report
Tue, May 04, 2010
I said in my report that I would be back to let all know that I did get paid....a $9.50 but like I said I do not know if that is for the last 2 months or just for 4/10
I guess I will be back next month with that answer. That is if I get paid on time.
Peace
Isn
