Palm Bux (palmbux.com) - Is it a Scam or Legit?

It seems Palmbux had a issue with their site and the issues were fixed. Go
here for more info:

https://www.palmbux.com/forum/view_topic.php?cat=1&id=5734

Update: August 26, 2009

Palmbux members can't log in. We tried after we received the complaint, but we were unable to log in as well. We are not sure if it is because we were inactive for so long. Obviously there are others who are having the same problem, but they are active. Read the comments at the end of this review for more info or go to these links to view the discussion:

http://www.mylot.com/w/discussions/2118860.aspx
http://www.mylot.com/w/discussions/2118870.aspx

Update July22, 2009 - The owner contacted me and recited the "DENIC" rules for posting his Whois info. At the time of this review the whois was not private and the registration was visible. Now all the sudden the owner contacts me and recites the rules and states for us to remove it.

"So please delete all the data fast !!!"
So I comply. But I must stress this point of the rules which I hope it will never come to it for his current members:
It is not permitted for you to use it for any purpose other than
technical or administrative requirements associated with the
operation of the Internet or in order to contact the domain holder
over legal problems.
Since so many PTC sites seem to commit fraud, I think it is fair to say it can quickly turn into a legal problem for those who are looking to report the site owner. Makes me wonder why all the sudden the change and why the owner decides to start hiding. I will let you be the judge.

We will no longer support this site, after the demanding email that was sent to us. There are other sites out there that have no problems with showing who they are. If you choose to use this site, that is up to you. We will no longer refer anyone to this site.
FULL REVIEW
PalmBux was created on 2008-12-06. Owner: Alexander Flach.

A PTC site that pays you 2 cents per ad that you view. And 1 cent for every ad your referral/friend views. The minimum payout is $2 and they offer instant payouts. Much like Neobux, which in my view is a model PTC site that everyone is dying to be. Which is a good thing. No more waiting 30 business days for money that you earned.

However there is a verification process for your first cashout. You get verified after you request your first cashout.

The verification process will done manually and takes about 1-3 days.

As of now we are adding Palm Bux to our Legit List. Their status can change at any point in time, if anyone has an experience with Palmbux that they would like to share, feel free to do so in our comment section.

1. Paying & On Time! - A great sign of a healthy PTC site.


2. They have a Forum! - All PTC sites should have this. Members should be able to communicate with one another and get help if needed. Also PalmBux has a chat room. For those who needs a quicker response.

3. Instant Payments - Once you make your request you will receive your payment instantly. All PTC sites should follow this model. Waiting for 30 business days is so outdated and should not be tolerated any more. You shouldn't have to wait for something that you earned. Thankfully PalmBux currently offers instant payments. Much like Neobux.

4. Ref Rentals - I personally like this option. At PalmBux you can purchase refs/members, and you can make earnings off of their clicks. If you find a ref is not doing their click you can recycle them for 10 cents. If you like the refs that you have, then when it comes time to renew you can keep them for 30 cents

1. Some Complaints - We found a couple of complaints about Palmbux. Some were issues with member's accounts and suspending them. This could be a sign of a impending scam. You can read about the complaints here.


http://www.mylot.com/w/discussions/2010545.aspx?p=1
http://www.makemoneykingdom.com/showthread.php?p=288566

2. Fake Ads & Self-Advertising - About 1/3 off all of their ads are self advertised. While researching this site I found 6 ClickBank ads. Not counting the Palmbux announcement ads. All 6 clickbank ads belong to PalmBux. Meaning they are showing their own affiliate ads and these ads are not from outside advertisers.

The way most PTCs work is a outside advertiser will purchase or pay the site owner to show their ad to you. Which is a good thing. What is bad is if there are no outside advertisers and the ad is being shown to you for free. A Clickbank ad does not bring in any earnings for clicks. Only from sales. Meaning, the viewer has to buy the product for the PTC owner to recieve any funds from showing the ClickBank Ad. Which is why most PTC sites fail. Especially if they rely heavily on Clickbank ads. Much like the PTC site bux.to. Which has 95% or more of fake ads showing.

Palmbux and Neobux are no where near that percentage of "fake ads" but be weary if you start seeing a increase of self advertising ads. Every time they show you that "fake" ad, they are showing it to you for free.

Note that Neobux does this as well. Which is why their upgrades/premium accounts cost so much. To make up the difference. Which I believe PalmBux does the same. Because Palmbux's upgrades are not cheap either. On Palmbux the upgrades can cost you anywhere from $70 - $850.

3.Whois Info is Private - Owner is hiding their identity.

Summary:


So is Palmbux a scam? As of now the positive outweighs the negative. We would suggest that if you do sign up to test the site first before you upgrade or make any purchases. If you are interested in a site that is like Palmbux and can be fully trusted we would highly recommend Neobux over Palmbux. You can read our review of Neobux here:

http://ptc-investgations.blogspot.com/2009/04/neobux-scam-or-not.html

Feel free to leave any comments or any experiences that you have with Palmbux. If you have been paid or if you had any problems.