Welcome to my MoneyRewards.co review.
You must have seen people placing their referral links on social media platforms, forums or maybe even your inbox, and are wondering if this platform can make you some easy money, or if it is a scam.
Simply by using social media or any other means to invite friends, and you earn $10 for each friend whom you refer? To me, it sounds too good to me true.
In this honest and in-depth review of MoneyRewards.co, I will be pointing out all the huge red flags that tell you why you should not trust this website. It can do you more harm than good.
Without further ado, let’s dive right in now!
MoneyRewards.co Review Summary
Product: Money Rewards
Product type: Influencer referral program
Price: free to join
Scam / Legit? : SCAM
Recommended or not? : NOT recommended
MoneyRewards.co is a site that collects your data to be sold to third party advertisers. by using the lure of monetary rewards to join their platform, and to refer as many people as possible.
Though it does not cheat you of your money, it will be a huge waste of your time, and your personal information can be at risk.
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Read on for the detailed review of Money Rewards, and why I call it scam.
What is MoneyRewards.co
Let’s find out what is MoneyRewards.co by first taking a look at its home page.
They claim to be an influencer marketing platform that connects influencers (people like you) with top advertisers and brands. They pay you to bring traffic to their site, which increases exposure and awareness of those brands that they are marketing for.
In turn, the advertisers and brands pay them.
Since they have been in business for a while now, their service, advertisers and clientele have grown, so have the value your referrals will bring. That is how they can afford to pay to so much, $10 per referral.
You can also get paid by trying out new products and services in the members area.
It is such a simple concept, seemingly win-win for everyone. What is the problem, then?
Red flags on MoneyRewards.co
My experience in reviewing get-paid-to and rewards sites tell me that $10 per referral is much too high, an amount that no legitimate referral program has ever paid out.
I knew something was amiss, and it did not take too much digging around to uncover all the red flags behind this veil of referral program.
Domain age of Money Rewards
One of the first things I always look at is to check the domain age of the website. As it turns out, MoneyRewards.co is only 3 months old. It was registered only in February 2019.
Nothing too alarming, since all websites, legitimate or not, have to start somewhere. But of course newer websites tend to have less credibility than older and more established ones.
Testimonials are from 2018? Really?
Here is the first red flag.
For a platform that was just created in February 2019, how is it possible for it to have members since 2018? That’s quite baffling, when it seems that their story and the fact do not meet.
$14.5 million paid out? Really?
Seriously? In just 3 months, they managed to pay out $14.5 million in cash to members? It is something I wish I could believe, but no, this is too far-fetched.
Contact email of Money Rewards does not exist
Most people have no need to contact them, until they spent all the time and effort trying to get people to sign up using their referral links, and when they try to cash out, they will then find all the obstacles put in place.
That is when members will try to contact the people behind this website, only to discover that the email keeps bouncing.
The reason? It is a fake email address, that does not exist at all.
Fake association with big names
They try to establish some connections with the huge names like CNN, Forbes, etc. in a bid to appear credible.
But these are not real. There is no association between Money Rewards and these big names at all.
What MoneyRewards.co really want out of you
It is free to join, so they are not cheating you of any money. What exactly do they want out of you, then?
Basically this is a site that collects people’s contacts, in particular names and email addresses, to be sold to third party advertisers. The selling price can be high, since it can be proven that people on the list are interested in making fast, easy cash on the internet.
So when you sign up, and when you get other people to sign up, these crooks behind the platform get what they want, they will profit from this, without taking a cent out of you.
On your part, you will be sent promotions and offers through your inbox, for stuff that you never opted in for. Though irritating, that is but a small inconvenience.
You would also have wasted lots of time and effort trying to get people to join the platform, only to face the frustration and more time wasted in trying to cash out your money, before you realise that they had no intention of paying out, right from the start.
There may be family and friends who had joined through your referral link, can you imagine the breach of trust they would feel, when they learn that this is actually not a legitimate platform?
Last but not least, if these people can lie blatantly about paying you, you will never know what they can do with all the information they have about you. They may try to use the password you had used for Money Rewards, to try and access your email inbox, or any other accounts that they can find.
So if you had used the same password for Money Rewards as for other more important accounts, please get those passwords changed immediately, to protect yourself.
The proper way to make money online
I guess everyone starts off wanting to make it rich fast. It’s a very natural thing, that’s just human nature. I wasn’t spared of all the temptations on the internet myself.
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Pros of MoneyRewards.co
There is not a single plus point that I can think of. Really, you should stay as far away from this platform as possible. It will do more harm than good.
Cons of MoneyRewards.co
1. Your information will be sold to third party advertisers
Your name and email address would be sold to third party advertisers for a good price.
2. Huge waste of your time
Whatever time you spent on the platform, trying to refer people and maybe completing some tasks, trying out services, etc. would have gone to waste.
3. People whom you referred would have lost their trust in you
If you had referred some family and friends, genuinely believing this to be a legitimate platform from which everyone can earn some extra cash, then their trust for you may be affected once they learn of the truth about this website.
4. Possible security breach to other accounts
This applies only if you had used the same password for Money Rewards as your other more important accounts, like email account, PayPal account, etc.
Is Money Rewards.co Scam or legit?
MoneyRewards.co is a scam. It will not pay out. And you will not be able to contact anyone behind the program if you tried. Stay far away from this website, as it will do you more harm than good, just like these other programs I have reviewed: Kids Have Money, Notion Cash, and Cents for Freedom, to name just a few.
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If you have any concerns or questions regarding this MoneyRewards.co review, do comment below, and we will start a conversation from there.