What is CashForShare?
You may have heard of this promising platform through a friend or on social media. In difficult times like now, can this self-proclaimed number 1 earning network really be the breakthrough that you so badly need?
$50 bonus upon signing up, and $10 for every friend you refer! Doesn’t it sound too good to be true?
So what is CashForShare.co? A golden opportunity that rarely comes by, or the biggest scam that you should avoid at all costs?
Join me in this honest and in-depth review, as I show you all the red flags that point towards this being a giant deceptive scheme. I will also explain what these crooks really want out of you – how do they actually scam you without making you part with a single cent?
Without further ado, let’s dive right in now!
CashForShare.co Review Summary
Product type: influencer network
Price: free to join
Rating: 0 out of 5
Scam / Legit? : SCAM
Recommended or not? : NOT recommended
CashForShare is a data harvesting site that sells the contact information of its members. As you engage in the tasks on the platform, you make even more money for the owners, but there never was any intention to pay out a single cent, right from the outset.
At the same time, you will be putting your online security at great risk.
What is CashForShare
To find out what is CashForShare, let us first take a look at its website:
They claim to be an influencer network, where advertisers are happy to pay them to reach out to influencers like you, who also bring in a larger audience group for them.
CashForShare then shares its ads revenue with you.
Sounds like a win-win situation, and completely workable.
In fact, there are many legitimate advertising platforms that actually do pay their members, but none of them are paying anything near to what CashForShare wants to pay you.
This is the biggest red flag.
If they were to pay you $50 bonus upon signing up (and it’s free for anyone to sign up!), and $10 for every friend you refer, they would have gone bankrupt from the day they started operating. Because the advertising industry does not see phenomenal figures like these.
If companies are not even paying them a fraction of the amount to advertise on their site, where will they ever find the money to pay you?
So they won’t.
If this isn’t convincing enough, read on to see all the other suspicious points I found on its website.
Red Flags in CashForShare
1. Fake social media buttons
One of the very first things I noticed about CashForShare.co is its fake social buttons at the bottom of its page.
See how its Twitter account actually goes to a completely different platform called Earn And Go, which is another huge scam I exposed earlier.
If Cash For Share was such a great and legit company, paying out good money to members, why would its social accounts come under a completely different name? Honest companies will not do sneaky things like that.
2. Fake story
According to its ‘About Us’ page, CashForShare was founded in 2015.
Well, I know for a fact that’s a lie. Take a look at this:
Its domain was only registered in June 2019. So how could it have been launched in 2015, and been without its own website for 4 years?
3. Absurd clause in terms and conditions page
Take a look at how ridiculous this is:
And this is the reason why they are under no obligation, even under the eyes of the law, to pay out to anyone who uses their platform, because I’m pretty sure you won’t find more than a couple (if any) who are more than ninety-nine years old!
This is how these tricksters scam people into working on their website, engaging in tasks that earn them money, and finding more referrals to join them to do the work.
With these few glaring red flags, I really wouldn’t believe that any one of their payment proofs is for real.
No doubt, they would lie through their teeth in order to get what they want.
I can spend half the day just pointing out all the deception and discrepancies on their site, but let’s not allow them to waste anymore of our precious time.
How CashForShare.co Really Works
If they hadn’t taken any of your money, how do they scam you?
1. They sell your contact information
Using the name and email address that you entered when signing up onto the platform, CashForShare collates a list which it then sells to third party advertisers.
This fetches a good price, as it is considered a highly targeted list.
The mere action of signing up with CashForShare indicates your keen interest to make money online. Thus you will receive unsolicited emails in your inbox, trying to sell you the secret system that will make you instant commissions, or the underground method that no successful internet marketers wants you to know, and other nonsense that we all know will never work.
2. Your online security will be compromised
As you go about doing the work by completing tasks on the platform, CashForShare will make real money from the vendors that they work with.
But these could be shady characters as well, since birds of a feather flock together.
You do not know what you may be getting yourself into when you click on a link – you may end up landing on an illegal online casino. When you sign up for some free trial (to earn the promised task money), you may get your payment details stolen.
Or when you try to download an app, you may unknowingly introduce some virus or malware onto your device.
3. You will not get paid
At the end of the day, you will not get paid a single cent. This I know for sure, because they can never afford to pay you what they promised you.
It is a lowdown plot to trick people into doing the dirty work for them.
You will definitely get excited to see the earnings on your dashboard go up and up with every task you complete. But this money will never see broad daylight or your bank account.
To round up this article, let me recap and summarize the pros and cons, before I finally make my conclusion.
Pros of CashForShare
There is not a single advantage to the platform. It will do you more harm than good. Do steer clear of it.
Cons of CashForShare
1. You will receive lots of spam in your inbox
Though it may sound like a minor issue to receive spam, it is still wrong and unethical to steal the information that you intended for signing up to the platform, and sell it to people unknown to you behind your back.
2. Your online safety is at risk
On the CashForShare.co website, it is full of landmines. You never know what you may be getting yourself into on the next click, since the vendors that work with the platform can’t be any better than the owners of CashForShare themselves.
3. No one is getting paid
There never was any intention to pay out to any member, to begin with. Hanging up such huge carrots is the biggest sign, as we know they cannot afford to pay.
Is CashForShare Scam or Legit?
CashForShare.co is definitely a scam. Please run as far as you can from it.
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If you have any concerns or questions regarding this CashForShare review, do comment below, and we will start a conversation from there.