Chip-pay.com is an earning website making the rounds on social media due to the fact that a lot of users are getting about 25-26% of the amount spent on buying the investment plans on the platform. From what I noticed after checking it out myself, it’s an investment based scheme that pays users up to 26% interest on a daily basis judging from the daily returns of their minimum plan.

In this article, we will be finding out in a detailed manner what chippay earning platform is all about, the earning methods, pros & cons and finally, my take on its legitimacy i.e. you will get to know if it’s a scam or a legit earning platform. So without wasting more of your time, let’s get started.

About Chip-pay.com

Chippay is an earning platform that allows you earn money when you sign up and invest or deposit and purchase one of the plans available on their website. When you do this, you earn a certain percentage of money as returns or interest on a daily basis. The first part of the income gets credited to your balance on the site after 12 hours, then the rest gets added after 24 hours.

As an investment based earning platform, you earn by investing”. They like to call it an investment but I prefer to call it buying one of their plans or products. Earning on chippay doesn’t just end at buying one of their products, they also have a referral incentive in place for those who may want to promote the platform and spread the “good news”.

Earning Methods

There are two main ways of earning g on the platform and a less significant method that involves copying a coupon code and redeeming it as fast as possible. However, since the aim of this article is to reveal all there is to know about the site, we will talk about all the ways of earning;

1. Buying A Product

There are various packages on the site ranging from the Basic to Platinum. Each one comes with a particular amount needed to activate and the higher the plan, the more money you stand to earn. Reason being that, if you opt for the higher plans, you spend more i.e. you deposit something much higher thus your overall risk level will be higher, so will your earnings on a daily basis.

That’s the idea behind the site. The higher your risk, the more your reward. So it’s left for you to either choose the lowest plan that goes for 3,000 Naira or go for more expensive plans that will potentially fetch you higher income but at a risk, too.

2. Referral Program

Chippay has a referral program and honestly, it’s typical of all investment based sites and earning platforms to have a referral incentive in place. This is usually a part of every earning platform because, people need incentive to promote a platform to others, no matter how good.

In the case of chippay, the referral program extends beyond the first level referrals to the third level. As a referrer, you earn in the following ways;

• Earn 24% commission from your first level referrals i.e. the set of users you suffered to invite directly.
• Earn 1% from your second level referrals i.e. the referrals or invitees of your own referrals, you earn 1% of their deposits as well.
• Earn 1% from your third level referrals.

So if you do the maths, you earn up to 26% commission from referring others to chippay as long as they proceed to register and buy one of the products. That’s the reason you find people promoting and sharing their links everywhere. They intend to earn some money via the referral program.

3. Coupon Code

On a daily basis, usually in the evening time, the administrator of chippay telegram group, drops coupon codes for the fastest fingers to redeem. If you are able to redeem, the earnings will be added to your balance, increasing your earnings on the platform.

It’s not such a significant earning method because, it’s a thing of luck. If you are not fast enough, the coupon code won’t be of any use to you because others will redeem everything.

Withdrawal Process

This is quite confusing because the minimum withdrawal written on their withdrawal page, is 1,000 Naira but when you try to request for payment, the system shows you need at least 500 naira to proceed. Meaning that, the minimum withdrawal is most likely, 500 naira.

Once you have earned up to this amount therefore, click on the Withdraw button showing on the homepage, and proceed to enter the amount you wish to withdraw and submit. They charge 15% service charge on every payment request, so don’t expect to receive exactly the amount you requested for.

Additionally, the withdrawal window is open from 9am in the morning to 6pm in the evening, any attempt to withdraw outside this window will not be successful.

Is chip-pay.com Legit?

Chip-pay.com is not a legit earning platform. It might be paying at the time of writing this article but don’t let the current status deceive you. Sites like this tend to pay for a while but when the pressure gets too high, they simply close down the site and proceed to launch another.

The administrators are faceless individuals who are just preying on the greed and poverty of users. The implication of this faceless status is, when things go wrong or the site stops paying abruptly, you won’t have anyone to message or hold accountable because the site is being administered by a ghost individual.

The fact that, the owners have no identity is one of the reasons to steer clear. However, it doesn’t end there. There are more than enough reasons to not participate such as;

Unrealistic Earning Structure

It is not feasible for a platform to pay out as much as 26% interest on a daily basis. It has practically impossible by all standards. Even certified financial institutions such as banks don’t pay out such amount of money. Platforms that promise such huge return on investment are considered ponzi schemes and they are bound to crash after sometime.

So why risk your hard earned money on a site that will crash after a few days or a week at most? Makes little to no sense.

No Accountability

There is no one to hold accountable should things go south. Painful truth is, things will certainly go south because as time goes on, there won’t be enough deposits to service the withdrawal requests, then they will start having issues with honouring payments then ultimately everything collapses.

Compulsory Deposit

The fact that you must deposit and buy one of the packages before you can make any withdrawals is another indication that it’s a scam. Earning platforms that require users to deposit their own money before accessing features or making withdrawals are not to be trusted. Chippay is not to be trusted in any way.

High Withdrawal Charges

Even if you decide to participate, regaining the initial money spent will still take longer time owing to the higher than normal withdrawal charge. 15% charge is just too high and will go a long way in always reducing the overall amount you request for thus making you receive less than you should.

Conclusion

Chippay is a ponzi scheme that will crash ultimately after sometime. It’s left for you to either steer clear or go ahead and take the unwise risk of depositing money to earn more. Whichever decision you make, bear in mind that it’s never advisable to participate with money you cant afford to let go of because there are no guarantees.

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