HourlyPay Review: HourlyPay.org Scam Alert! HourlyPay.org is a scam, not a trustworthy company. Yes, we agree that it may pay a few members but that doesn’t make it legal or sustainable. It will stop paying sooner or later due to which the majority of members will lose their money. Why? Well, let’s find out the answer in detail through our Hourly Pay review here.
Why is a Hourly Pay scam? What is HourlyPay.org in real?
HourlyPay is a fraudulent website due to the following reasons:-
# HourlyPay is a Ponzi scheme which is neither a legal nor a sustainable scheme. Legal authorities have already warned the general public to stay out of the Ponzi scheme due to its unsustainable nature. The majority of members will lose their money in Ponzi scheme and only a few ones who join the system at first will make some few bucks due to which you will find out few people who promote and support some Ponzi schemes.
# We can say HourlyPay is a Ponzi scheme because it doesn’t have any real source of income to pay profit to its members. It claims to pay up to 0.5% hourly profit for 480 hours on the investment amount of members by using the money of members to generate constant profit with the large price swings in financial markets of CRYPTO, FOREX, BINARY OPTION, CFDs, METALS, LOOKBACKS, COMMODITIES, VOLATILITY INDICES. But, it fails to provide the proof of the existence of its so-called business which proves it doesn’t have any real source of income and only can pay members by routing the money between the members which is not a sustainable business.
# All the Ponzi schemes like Hourly Pay trick people by showing the real payment proofs because they pay few members at starting by routing the money between the members so that they can lure more people into their scheme by showing those payment proofs. However, it is practically not possible to pay all members in that way because when they pay one member, they need to use the money invested by other two members so that they can pay the principle and profit to that one member. But, whenever they pay members in that way, they will create a debt equal to the amount of profit that they use to pay the members. So, even Ponzi schemes like HourlyPay want to pay all members they can’t because day by day the debt will be kept on increasing and they will not have enough fund to pay all members. That’s why Ponzi schemes like HourlyPay are illegal schemes.
# HourlyPay has tried to trick people by showing the company’s registration document registered from the UK Companies House in the name of Hourly Pay Corporation LTD. But, don’t fall for that trick. Lots of Ponzi schemes in the past had already turned into scams which were registered from the UK Companies House. Actually, it is very easy to register a company in the UK Companies House by providing the virtual address which you can rent from the virtual address provider services as well as by providing the third person identities. Even you can register a company in the UK Companies House without a big hassle. On top of that, such kind of registration is not the license to run an investment company like HourlyPay, but just a registration for the tax purpose. On the other hand, there is not any proof that proves Hourly Pay Corporation LTD is operating the HourlyPay.org website.
# HourlyPay also operates another illegal scheme known as a Pyramid scheme because any company which pays the referral commission up to multi-level downlines without selling any retail products or services is known as a Pyramid scheme. HourlyPay is also claiming to pay the referral commission up to unlimited levels of downlines but without selling any real products or services, just on the sales of its Ponzi ROI plans. So, this makes HourlyPay a Pyramid scheme as well.
Now you know that HourlyPay is a Ponzi-Pyramid hybrid. So, HourlyPay is a scam. That’s why we have listed Hourly Pay within our “Scams” category which means we don’t recommend you to invest in HourlyPay.
If you want to report something about Hourly Pay or add your own HourlyPay.org reviews, then please feel free to leave your comment below. You can also comment below to report about similar kinds of scams or even to report about any kinds of scams. After all, we are here to spread awareness about the scams. So, let’s do it together. Let’s save innocent people from scams.
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