Paid-to-Click (PTC) Job Website
Is BancoAds Fake or Real?
Why is BancoAds Likely Fake?
BancoAds is a website which claims to pay users for clicking on ads. The website is ugly with bad optimization and unreadable text, which makes me doubtful whether it is run by professionals. BancoAds claims to have 8,034 active members, but there is no way to verify this claim.
A domain name lookup of the website shows that it was registered on 7th August 2018. However, I suspect it has become active only recently as there is no traffic data available. This is only possible if it is a new website. Most of the reviews were posted in 2020 and the earliest review I could find is from October 2019. Therefore, it does not seem that the site is operating since 2018.
BancoAds has three plans – Free, $7 and $100. This is an arbitrary plan structure and there doesn’t seem to be any logic behind it. The paid plans give much higher payments per click and referral bonus. The Free and $7 plans have Daily Payments, while the $100 plan has a ‘Total Earning’ of $400, which is a return on investment of 300%. I’m not sure what ‘Daily Plan’ means as it sounds ridiculous to pay $7 or $100 to the company everyday to earn.
Speaking of Referral Bonus, BancoAds seems to have some kind of referral system, but the details are unclear. The Terms page states that you can earn a commission from the earning of every referral, as well as ‘rent referrals.’ There also seems to be a limit on renting referrals, but I have no clue what this means. The text highlighted because it is unreadable otherwise.
The website has a News section which just has one post dated 9th August 2018.
There is a forum section, but it doesn’t seem to be properly functioning as there are no replies in any thread.
There is a Payment Proofs page on the website as well a section in the forum for the same. There is no way to verify whether this information is real and can easily be faked.
The Terms page of the websites claims that payouts will be given using PayPal, Perfectmoney and Payeer. However, PayPal is not actually available and is replaced by Bitcoin. The website mentions that there is a minimum payout threshold of $10 for free users.
BancoAds does not provide any contact details and the only way to contact them is by using a form. After registering on the website, I received an email from the ID firstname.lastname@example.org, but it is not listed anywhere on the website.
BancoAds has no social media presence. There are a few user reviews on TrustPilot and ScamAdviser. These reviews seem to be fake as the accounts have only left 5-star reviews for various click-job websites. Even the users are real, it should be noted that users are incentivized to leave positive reviews to gain referrals.
I could only find one review which seems to be genuine on BeerMoneyForum where the user has claimed that they are unable to withdraw funds. BancoAds has been listed as a scam by a blog called Top PTC Sites.
It seems extremely likely that BancoAds is a scam. Firstly, genuine websites don’t ask for payment before users can start earning. Secondly, the website is poorly designed, provides no contact details and seems to be misleading users about the age of the platform. The reviews seem to be fake and the proof of payments are unverifiable. All the signs suggest that BancoAds might not be a legitimate platform for earning. Even if the website is real, it is promoting click fraud.
Remember: If something seems too good to be true, it probably is.
If you have been a victim of an employment scam, you can take the following steps:
- Lodge a complaint at the National Cyber Crime Reporting Portal
- Lodge a complaint with PayTM on Twitter, Customer Care or through the app, UPI app such as Google Pay or the Bank with which the company has an account.
- Report the website to Google using the Suspicious Site Reporter extension for Chrome
- Give a low rating to the website on Web of Trust. You can also install their extension for the same.
- File a complaint with the Indian Consumer Complaints Forum
- Write a review on websites such as MouthShut, ScamAdvisor and TrustPilot.
- Block all numbers of the scammers on TrueCaller, mentioning the words Fake, Fraud or Scam in the name.
- If the company has a listing on Google My Business or Google Maps, file a complaint using the Business Redressal Complaint Form. Also, leave a negative review explaining what kind of experience you had.
Disclaimer: The views expressed in this article are presented as an educated opinion based on facts and evidence. There is no malicious intent or attempt to defame any individual/s or organization/s. If you are a website owner and would like to provide clarifications regarding your business and/or website, please get in touch on email@example.com