PayBox (PayBox.me) is a new online payment processing company which launched its "Early Bird" campaign on Sept. 1, 2010. This is a new company currently in the process of creating an online currency/payment processing service. PayBox is still in its pre-launch or "early bird users" stage with development set to launch in 2011. Using the feedback and ideas of its members,and building from the ground up, PayBox is expecting to offer the following services, once it is up and fully operational:
Major online store integration
A Debit Card that will be linked to a PayBox account
Person-to-Person transactions
All major world currencies could be used/linked to PayBox account
How It Works For Now:
Because you will not be able to withdraw actual cash from your account, PayBox should be thought of as a "closed box" at this time. This means that, although you have an account balance or money in your account, you will not be able to withdraw the balance directly in the form of cash. It will be used in exchange for goods and services provided through various participating PayBox vendors.
PayBox is offering each "Early Bird" user a $25.00 instant balance in an account. They will add up to $20.00 per day into the user's account for participating in various surveys, tasks,etc. They will ask you to share your opinion about various online shopping experiences, etc., and you are "paid" for each survey. (Although there is not a specified payment amount.) You are directed to log in to the website frequently. They also request that you subscribe to their blog, and they also are asking that you "invite" or recruit various friends and family members to join PayBox. They, in turn, will "pay" you, or deposit into your PayBox account, a $10.00 referral fee for each person you bring to them.
Because there is no exchange of actual cash at this point, PayBox is probably a good way to accumulate some "virtual money." Please be aware that there are some "terms and conditions" that you MUST familiarize yourself with before deciding to join PayBox. I generally find that the people who yell "scam" are usually the people who do not read the fine print. So, a word of caution: Read The Fine Print!
By using the PayBox.me website, you are bound by their "Terms and Conditions" and there is some fine print that could impact how much you "earn" and under what conditions PayBox can "alter" the terms of future payments, so be sure to scroll down to their "Terms and Conditions" at the bottom of their website.
Before committing yourself to this, or any company, be certain you understand the basic operating principles and how they can affect you. Again, because this is "virtual money" at this point, and no real currency is being exchanged, this could be a fun and interesting way to bank some "play money!"
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