Cashium (cashium.net) - SCAM
Site no longer and down for over 7 days. Site will be moved from the Not Recommended List to the Scam List.
Full Review/Site History
Cashium was recently re-launched. It has some issues and of course there are some people that are upset because they are not getting paid their balance from the old Cashium. So they feel the need to call the new owner a scammer because he is not going to pay the $80,000 debt that was owed to everyone.
This is not the first site this owner has bought that has scammed. Instead of opening new sites he buys scam sites with large debt. He is also the owner of PalmBux which is also on our Not Recommended List for current issues and for resetting the balances on that site too.
Since this site started paying new balances (not old) the site will be moved off the Scam List to the Not Recommended List. We are not promoting it or endorsing it. See cons section for the combined reasons why.
Here are the pros and cons of Cashium
PROS:
1. No Direct Referral Limits - There are not limits to the number of people
you can refer to this site. Great for promoters and those you can earn a
lot of referrals.
2. Secondary Passwords - You have a option to have a secondary password to help secure your account.
3. All Countries Accepted - All members will have the opportunity to earn with this site. Will update if this changes.
4. Forum - Forums are a excellent tool for every PTC/GPT site to have. Members can post proofs and have a open line of communication between staff and other members. You can find their forum here: http://www.cashium.net/forum/
FaceBook: http://www.facebook.com/Cashium/
Twitter: http://twitter.com/Cashium
5. Custom Made Script - It is refreshing to see a different script being used, instead of the same cookie cutter templates being used by other sites.
CONS
1. New Ownership - We treat all new ownerships like new sites. We do not recommend investing on new sites. For at least 6 months if not a year. If you can't wait that long, at least test and get paid first before you decide to invest.
2. Balances Reset - If you were already a member of this site, you will find that your balance was reset. Doesn't sit well with many members, however the site had too much debt and it would cause the site to collapse if it had to pay out all old balances. Site had owed over $80,040 !!
3. Reset Again? - No I am not repeating myself but the site keeps resetting balances over and over again. Site has a bad reputation, it doesn't need to be resetting people's balance once a week. That is not going to make members stay on this site.
First time it was understandable due to the debt passed on to the new owner. 2nd time, might have been because they didn't reset the database properly. 3rd time is way too many times, and it is not excusable.
Site Info
- Site Created: July 28, 2009
- Site Launched: June 11, 2010
- Site Re-Launched w/new owner: December 07, 2010
Date: April 2011
- May 9, 2011 - Moved from Not Recommended List to Scam List
- December 7, 2010 - New owner takes over.
- November 29, 2010 - Site sold to PalmBux Owner "James Hakim"
- November 21, 2010 - Ifbux owner has backed out of the deal to buy cashium. For sale on Flippa:https://flippa.com/auctions/113621
- November 17, 2010 - Site plans on being sold to IfBux owner. (1st one)
- November 15, 2010 - Old owner (
Summary:
Cashium and palmbux are prime examples why scam sites shouldn't be bought or reopen. Too many people can not comprehend the concept that old debt is owed by the former owner and not the present owner. Makes it almost impossible to support or recommend such sites.
Site is no longer and will be moved to the Scam List....If anyone would like to share their experience that they had with this site, whether it is good or bad, feel free to do so in our comment section at the end of this review.
Please note, the information in the review was posted at the time and date from above. If the site changes its policies, please kindly let us know in the comment section and we will update or change the incorrect information as soon as we can.