Cashium Review – Yes, It’s a Scam
Update May 12th: Cashium is now offline, apparently this is definite. Just like they did with Palmbux the owners shut down the sites without any notice what so ever, and left a lot of members scammed.
Cahium was a PTC Site that made a lot of buzz in the PTC World most likely because of their tier referral system. When I first saw this site advertised I intuitively though that the tiers are actually levels (like matirxmails referral system) but when I closely investigated the site I’ve found that they are not. Here’s how the system worked: you got $0.004 per click from your 1st tier direct referrals, $0.003 per click from your 2nd tier direct referrals $0.002 per click from your 3rd tier direct referrals and $0.001 per click from your 4th tier direct referrals. How the tiers were determined: the first 50 direct refs were in your 1st tier, the next 50 direct refs (51 to 100) were in your 2nd tier, the next 50 direct refs (101 to 150) were in your 3rd tier and finally all the refs after 151 were in your 4th tier. This was still a very good referral system because it allowed you to have an unlimited number of direct referrals.
Why Cashium was not a scam
1. It had a forum. Having a forum is very important and almost a standard thing now as most PTC sites have one. However if a site doesn’t have one or it has but is only viewable to members and not available to visitors it usually means that the site has something to hide and it’s a strong possibility that it will eventually become a scam. The forum on Cashium could be accessed by anyone.
2. All members of Cashium were paid. You could find a collection of payment proofs in their forum
3. It generated enough income from the sale of each ad to pay the amount promised to its members. The cost for 1000 clicks was $15 out of which $9 to $13 were paid to standard members. Of course for premium members more was being paid out ($12 to $17) but that’s a whole different story as there are so many variables with premium memberships.
Why Cashium is a scam
1. Cashium was sold by the first owner due to financial problems (their Paypal account got suspended). The balances were reseted twice by the new owner (he also owns Palmbux) which got a lot of users upset and they were right as the owner had no reason to reset them the second time
2. Negative feedback because of financial problems, changing ownership and balances resets.
3. Increased click rates form $0.005 to $0.01 this might mean that the admin won’t pay anymore and he increased the click rate to make members stay a little longer and get more upgrades in the last minute. Of course it could mean that cashium is doing well in the financial department but it’s highly unlikely that it will share the extra revenue with the standard users, especially in the unprofessional way this was announced on their forum: imagine this change in neobux, how would it be announced? Lot’s of facts and reasons about why it has happened and what would be it’s implications in the future.
|Do you need to click daily to get referral credit?||As of now no|
|Direct referral limit||No limit|
|Can you increase your direct referral limit?||N/A|
|Can you delete inactive direct referrals?||yes|
|Rented referral cost||$0.30|
|Rented referral limit||500|
|Upgrades range from||$85|
|Minimum cashouts||$2 - $4 - $6 - $8 - $10|
|Payment processors||PayPal, AlertPay|
|Payment time||Not set yet|
|Advertising cost for 1000 ads||$15|
|Daily Ads||Ad viewed||You with no refs/Mth||Ref. Earnings|
|2.00||$0.008||$0.48||50% - 37.5% - 25% - 12.5%|
|Ref View||Rented ref pays itself||You+10Refs/Month||You+50Refs/Month|
|$0.004 - $0.003 - $0.002 - $0.001||75 clicks | 37.5 days||$2.88||$12.48|
4. The admins shut down Cashium around 3rd of May without letting the members know that the site will go offline. As easy as that, one day it’s online the other is gone for good along with all the money the members invested or were waiting to receive.
5. Exactly the same thing happened with Palmbux, a Scam PTC Site owned by the same admin.