Paymart.shop Review: Legit or Scam? The Good & Ugly

‘Paymart.shop‘ – A Website making the rounds on social media, with people claiming to have made easy money and also withdrawn countless times from it without much hassle. Earning and withdrawing money without much hassle has always been the dream of most internet users; especially people in search of passive sources of income on the Internet.

However, there are limited earning opportunity on the Internet especially when it comes to passive earning. To earn actively and good income, you have to deliver a service or at least have something you provide for people sufficient and useful enough for them to always seek you. The so called passive earning opportunities available on the Internet often have to do with ponzi scams and in this article, we will be reviewing a relatively popular platform, known as paymart with the url, paymart.shop.

The website has gained some level of popularity and significant number of users already follow them on their official telegram handle and also, I believe strongly that quite a lot of users have deposited money in the bid to earn more. If you are yet to deposit money but here to know if it’s legit or scam, then you’re on the right page. Simply sit tight and enjoy.

About Paymart.shop

Paymart as it claims to be, is an earning platform where users can register, purchase one of their products starting from 3,000 naira to 400,000 naira in order to earn more money. As a user, you’re required to deposit with your own money and activate or buy one of the products depending on the amount funded and every 18 hours, the daily profit will be added to your balance.

The working principle is very similar to what we’ve witnessed on other platforms and to be honest, there is little to no difference. Users join, fund their accounts, “invest” and earn extra rewards on a daily basis. The investment part is the interesting aspect of the whole thing and the earlier you realize that, it has nothing to do with investment the better for you.

Be that as it may though, there are two main ways of earning on the platform and they will be discussed shortly for you to better understand what you may be getting into, i.e. if you are insistent on participating after this review.

Earning Methods

Paymart.shop claims users can earn money when they buy one of the products on the platform and also, when they refer others using their unique referral links or codes. You can easily find the referral code or link on the Team section and the option to buy one of the products directly on the dashboard.

No information is hidden in any way, you get to earn by either;

• Investing or buying a product ranging between 3,000 to 400,000 naira OR
• You refer others and also encourage your referrals to bring in others to elongate your reward chain. Why? You earn 25% from your direct referrals deposited amount and 10% from your second level i.e. The users invited by your own direct referrals.

The reward process is very enticing, therefore it’s possible to actually earn a lot of money especially if you run or manage a group of people who understand the risks associated with sites like, paymart.shop and still have the zeal to participate.

Paymart.shop – Realities

The truth is, the name, paymart was probably adopted by whoever is behind the site, to lure in more users. Reason being that, paymart is a big Fintech company located in India and they’ve made significant name and have a widespread popularity.

That could be the reason why the owner of the so called investment site decided to borrow or use the name at least to deceive gullible users into believing there is any link between them. To straighten the fact, paymart.shop has no affiliation the paymart we all know. Even the site link has nothing in common, so don’t be swayed by the name alone.

Secondly, paymart.shop doesn’t generate money from any outside business or money printing industry or machine. Money is just being circulated from the new users to the old users who are due for withdrawal. Therefore, the life or sustenance of the platform is wholly dependent on how constant the influx of new users remain.

The site will most likely cease to pay when the number of new users reduce drastically thus making it impossible for them to honour the extra rewards being withdrawn by existing users and when this happens, the website gets closed down. I already know how it’s going to end. All ponzi schemes have a definite end which is known to all; at least people who care to know.

The Good Sides

As the saying goes, there is a good side to every story and I thought it wise to let you know the good aspects of participating in paymart.shop for people who care to know;

• Low Minimum Withdrawal – the withdrawal threshold is just 1,000 naira meaning users can always withdraw their monies immediately they hit this amount. While there is no assurance of payment, the threshold is quite commendable.
• Highly rewarding referral program – 25% from direct referrals and 10% from the second level referrals is nothing short of enticing. This is another big area, people who can refer a lot of people can benefit from paymart.
• Registration Bonus that can be withdrawn as soon as you make a deposit and buy one of the packages. Upon completion of the investment process as they call it, you can now withdraw the 1,200 naira registration bonus issued to users. This registration bonus greatly reduces the overall risk or stake in the platform and to me that’s a positive idea.

The Ugly Sides

Like I said earlier, sometimes, it’s better to keep the negative news or aspects for later and here they are;

• Ponzi scheme – paymart.shop is a ponzi scheme and as such, it’s bound to crash after a short while regardless of what the founder claims or what whoever is running it claims. The so called, paying status now is because alot of new users are joining and believe me, this won’t remain for long.
• Designed in a hit-and-run manner- the incentive from “investment” isn’t too commendable but the truth is, the site is designed poorly, bringing to fore the fact that it was just cooked up to scam people at the end. Therefore, you need to be careful.
• High deposit amount – the lowest investment plan is 3,000 naira and to alot of users, it’s quite high and as we all know, higher minimum deposit means more money to be spent and higher stakes in the platform.

Final Verdict

Paymart.shop is not legit in the right sense of the word. Though it’s paying at the moment, there are numerous indications that this won’t remain the case for long. Therefore, it’s best to either steer clear or participate strictly if you have the money to spare as there’s a chance it may not even be regained till the site crashes.

Conclusion

I believe we’ve done the necessary discussion on the newly launched earning site making a lot of people go “gaga”. If after reading our discussion on this piece, you feel like proceeding, then do well to participate and perhaps, inform us of your experience afterwards.

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