In this post I will be giving an honest and in-depth OluMoney.xyz review.
You may have seen many people promoting this brand new website on social media platforms. It is barely two weeks old at the time of this writing.
Don’t believe those people, who are likely victims of the scam themselves.
If it were so easy to earn $3000 per month just by clicking on ads, then nobody would need their regular 9 to 5 job anymore.
Let me walk you through all the red flags that tell us what a huge scam OluMoney.xyz is.
Without further ado, let’s dive right in now!
- What is OluMoney
- Members’ area
- Red flags on OluMoney
- What OluMoney really does
- Pros and cons of OluMoney
- An alternative
OluMoney.xyz Review Summary
Product type: Earn by clicking on ads
Price: free to join
Scam / Legit? : SCAM
Recommended or not? : NOT recommended
OluMoney.xyz is a dishonest platform that you should stay away from. It is malicious, created with the motive of harvesting your contact information, as well as steal your payment details.
There are too many lies on its website. It will never pay out a single cent to anyone.
What is OluMoney.xyz
To find out what is OluMoney.xyz, let us first take a look at its home page.
It is supposedly a platform where you get to earn money simply by clicking on and viewing ads, as well as refer others onto the platform.
It sounds like such an easy way to make some money.
Each ad view earns you $0.10, which is a very high paying rate compared to other websites that run in a similar way.
This means you just have to view 10 ads to earn $1. It can add up pretty fast, but usually on platforms like this, the number of ads you are allowed to watch each day are limited, so are your earnings.
There will not be so many companies trying to advertise on such platforms that will allow you to earn a full time income on it.
But take a look at what the leaderboard of OluMoney.xyz is showing, from the picture above.
The number 1 person on the list is getting paid $466.
$316 just from one day’s worth of viewing ads plus $150 earnings from referrals. This means that he or she would have viewed about 3160 ads.
This is impossible.
Firstly, there will not be that many companies competing to place their ads on such platforms, because people who view their ads are not a targeted audience, they are here simply to make money. These clicks are not likely to convert into buyers. So you can be sure not many companies will be interested in placing their ads here.
Secondly, since companies have ads budget, the number of ads is usually very much limited. So each member is allowed to view a small number of ads, and a typical daily earning is a few dollars at most.
Hence this is an obvious signal to me that OluMoney.xyz is not a legitimate platform.
Moreover, to be paid 50% of your referrals’ earnings promise figures that are beyond realistic too.
To do a thorough job at investigating this platform, I signed up to check things out from inside the members’ area.
Inside members’ area of OluMoney
Signing up was a breeze. Maybe too much of it.
It required just an email address from me, and a password. There was no verification whatsoever. Just enter those details and I was right inside my account in a jiffy.
Tried cashing out on an empty account
I had not started viewing ads so there was zero earning. But when I tried to cash out, there was no mention that I hadn’t met any minimum payment threshold, no.
Instead, I was asked to fill in stuff like PayPal email address, or credit card details, or even my bank details, depending on which payment method I chose.
It seems like that is all they are interested in: my payment details.
It was only upon entering details for the payment option that I chose, that they finally popped me a message saying the minimum cashing out amount was $150.
There you go, so they had my payment information (don’t worry, I did not provide real information) first, before even checking whether I was eligible for payment.
I wouldn’t exactly call this an ad unit. What do you think?
It seems like they are just trying to waste my time, getting me to enter these numbers over and over again to earn 10 cents each time.
How does that even constitute viewing an ad?
Well, there are several ‘ads’ below the section, and this is what they look like.
But I wasn’t required to click on any of them. And a set up like this does not constitute ad viewing. So I was perturbed.
However, when I clicked on those links, they brought me to ecommerce stores, or blogs, or some shopping platforms.
These are simply static links, possibly affiliate links, but not ads, and some of them were even below the scroll line.
I only checked out a few of them, as some brought me to pages with error messages. I didn’t really feel safe, so logged out of the members’ area soon.
Now, we will continue uncovering other red flags on the website.
Other red flags on OluMoney.xyz
1. No legal information
Though the website of OluMoney.xyz looks pretty legitimate on first impression, the fact is it lacks very vital information that every company should provide to their members.
There is nothing about who owns the company.
There are no legal pages as to the payment terms, types of recourse should any conflict arise, definition of what constitutes a referral, any active status, etc.
And yet when you try to cash out, they immediately ask for your payment details.
These are all alarm bells ringing rather loudly.
2. Brand new website
This is a website that is barely 2 weeks old at the time of this writing.
Its domain was registered on October 11, 2019.
There’s nothing wrong with being brand new per se, except that this fact will lead us to deception on their home page.
3. Fake ‘news’ menu
There is a ‘news’ menu on the left hand side of the home page.
Articles are dated as far back as March 2019.
4. No avenue to contact them
There is no email address provided for contact or to get in touch with their support team when you need help.
For an organization that is able to pay each member $400+ per day, wouldn’t you expect a professional support team that is available to answer to cashing out queries, account issues and stuff like that?
Well, it seems like they do not think an email contact is necessary.
The only way to ‘contact’ them is through a message board that their admin will supposedly answer.
I do not see this as a legitimate support channel.
A question I posted on the message board from my account has been unanswered for days now.
But obviously other members would not be able to see it, otherwise my own message board would have been flooded by other members’ interactions as well.
What does OluMoney.xyz really do
OluMoney.xyz is not even trying to cheat you of your labor to earn them money by clicking on ads, and then refusing to pay you.
Because if they had done that, no company would even want to use their platform to advertise their brand in the first place.
What OluMoney does is to steal whatever information they possibly can from you.
With your email address, they can sell it to third party advertisers. So you can expect to have your inbox flooded with spam offers and promotions that you never signed up for.
These crooks may also try to get into your email account by trying their luck with your OluMoney account password.
So never use the same password as your email account for sites that you are unsure of, unless you are ok with strangers having a party inside your email account.
The other thing they will go after is your bank account, or credit card account, or PayPal account. Whatever payment details you had provided, do keep a look out for any breach. You never know what they are capable of.
To round up this article, let me recap and summarise the pros and cons, before I finally make my conclusion.
Pros of OluMoney.xyz
There is not a single plus point to this dangerous website, except to open our eyes to the atrocities of mankind, maybe?
Cons of OluMoney.xyz
1. It steals your information
Whatever information you had offered to the platform, during signing up, and in trying to cash out, there would likely be a danger to your online safety and security.
2. Huge waste of time
Since you will not be getting paid no matter what the dashboard shows, you will be wasting all the time and effort trying to chalk up the earnings in there.
3. People you referred may lose their trust for you
Once this scam comes to light, people whom you would have referred to the platform would no longer trust you, even though it was out of good intention when you thought this was a great earning opportunity.
Is OluMoney.xyz Scam or legit?
OluMoney.xyz is a scam. Stay away, as it poses a risk to your online security and safety.
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If you have any concerns or questions regarding this OluMoney.xyz review, do comment below, and we will start a conversation from there.