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The idea behind an Order grabbing website is quite simple - members would rate items at an online shopping mall, and receive rewards for positive ratings. The rewards would be proportional to the size of the investment and the number of clicks. However, the idea of earning money by rating items is a scam, and the Securities and Exchange Commission (SEC) won't issue a license to anyone involved in a Ponzi scheme.
Grabbing sites
Order grabbing websites allow you to rate products online in exchange for a fee. They pay you a commission based on the number of clicks on the product you rate. However, this business model has caused controversy and many order grabbing websites have been shut down. If you're thinking about becoming a member of such a website, consider the risk of high commissions.
Order grabbing scams are common, so you need to be cautious. Miss Yang fell for one of them in mid-January. After she received an email with a website link, she set up an account and started grabbing orders part-time. But she soon found that her daily salary wasn't enough to cover the high cost of goods she wanted to buy. She then borrowed money from her friends to fund her account. She was soon stuck in a bottomless pit.
One Chinese entrepreneur recently lost over $300,000 yuan to a "order grabbing" scam. Miss Yang had set up a website to accept orders from online retailers and send them to herself. However, her website was actually operated by a Singaporean company called VTEX. This company specializes in helping Singaporean technology companies establish shops in Europe. Its website bore a trademark that was identical to a US company.
Grabbing apps
A recent report by the Securities and Exchange Commission has urged the public to be aware of order grabbing websites and apps. The SEC warns that these apps and websites are Ponzi schemes, and that they should be avoided. These websites require members to rate items in an online shopping mall and receive rewards for doing so. The rewards are based on the number of clicks and the amount of money invested.
Scams involving order grabbing
The Securities and Exchange Commission (SEC) has warned against investing in order grabbing website earn money scams and Ponzi schemes. Some examples of these scams include A Plus Investment, a website that claims to pay out fake profits to its prior investors, and the PHMall mobile phone application. These apps are designed to exploit prior risk takers and reward top recruiters with a disproportionate percentage of the profits.
Grabbing sites
Order grabbing websites allow you to rate products online in exchange for a fee. They pay you a commission based on the number of clicks on the product you rate. However, this business model has caused controversy and many order grabbing websites have been shut down. If you're thinking about becoming a member of such a website, consider the risk of high commissions.
Order grabbing scams are common, so you need to be cautious. Miss Yang fell for one of them in mid-January. After she received an email with a website link, she set up an account and started grabbing orders part-time. But she soon found that her daily salary wasn't enough to cover the high cost of goods she wanted to buy. She then borrowed money from her friends to fund her account. She was soon stuck in a bottomless pit.
One Chinese entrepreneur recently lost over $300,000 yuan to a "order grabbing" scam. Miss Yang had set up a website to accept orders from online retailers and send them to herself. However, her website was actually operated by a Singaporean company called VTEX. This company specializes in helping Singaporean technology companies establish shops in Europe. Its website bore a trademark that was identical to a US company.
Grabbing apps
A recent report by the Securities and Exchange Commission has urged the public to be aware of order grabbing websites and apps. The SEC warns that these apps and websites are Ponzi schemes, and that they should be avoided. These websites require members to rate items in an online shopping mall and receive rewards for doing so. The rewards are based on the number of clicks and the amount of money invested.
Scams involving order grabbing
The Securities and Exchange Commission (SEC) has warned against investing in order grabbing website earn money scams and Ponzi schemes. Some examples of these scams include A Plus Investment, a website that claims to pay out fake profits to its prior investors, and the PHMall mobile phone application. These apps are designed to exploit prior risk takers and reward top recruiters with a disproportionate percentage of the profits.
