Is BannerBit a scam or not? There has been a lot of hype about this make money program around the internet lately, with claims you can be making huge money if you join, but is that really the case, or just a bunch of sales hype?
Let’s take a closer look and find out the truth…
Tired of the scams and dodgy deals? Click below for something real…
Company Name: BannerBit
Owner: VOLO CORPORATE LTD
Price To Join: $250 Minimum Investment
My Rating: 0/10
~ Banner Bit Reviews ~
Intro
If you’re like me you probably saw something recently about BannerBit on social media, maybe someone trying to get you to join. I’m glad to see you here reading my review of BannerBit, as it means you’re smart and will do your homework before blindly joining an opportunity. That means you are far less likely to ever get scammed.
On my website I’ll highlight any scam I come across, as well as other schemes that really aren’t worth your time. When I come across good stuff – either a make money opportunity or some training – I’ll look into that for my readers as well. The idea of my website is to help people find ways to make money online while avoiding the scams in the process.
Let’s see what BannerBit is all about.
What Is BannerBit?
Run out of Cyprus by a company named Volo Corporate Ltd, BannerBit say they are an “ad flipping” platform.
What’s that even mean? What’s flipping ads all about? Sounds weird.
Something to do with buying and selling online advertising on their platform. In fact, they even provide the software to do the ad flipping for you, so you can just sit back, relax and count the cash as it comes in. They claim to have more than 40,000 buyers ready to purchase online advertising space.
It’s advertised like it’s a get rich quick scheme in some respects, but is getting wealthy from BannerBit even possible?
There is some chance you could make money with this platform, but there are a number of red flags that tend to ring my alarm bells rather noisily.
To be honest, this looks really dodgy. To make some real money online, just do what I do. Click here for more details.
How It Really Works
Check out the video above for a walkthrough on how it’s all supposed to work.
Anyway, a brief rundown is this. You join BannerBit either as an ad seller or someone wishing to advertise. When someone clicks on one of the ads you’ve purchased, you get paid. You can have your ads running on a variety of different websites, earning even more money as your ads are exposed to a wider audience.
This all sounds good in theory, but after digging deeper (and having seen similar deals in the past), I can assure you that what’s really going on behind the scenes is something all together different.
What They’re Really Promoting
When you join you are encouraged to invest a minimum of $250 into advertising before you can start to earn. However, that $250 has nothing to do with ad flipping. That money goes to a Forex broker and is then used by the broker’s traders to trade the markets with your money.
The person (or people) running the BannerBit website will be affiliates for several brokers, where they earn up to 50% commissions for every dollar they get someone to invest. The brokers all have affiliate programs and pay people to send unwary investors their way.
Even though they are allegedly Forex brokers, you’ll find they are largely unregulated in most Western countries, and many that are banned from places like the USA, Australia and the UK will set up operations in Cypress, where laws are far more lax.
These brokers tend to focus on the binary options side of Forex trading, which is basically a 50/50 way of trading and much more simplified.
Copy how I'm making $1000s a month online with passive income!
What’s Wrong With This Picture?
Plenty!
For starters, BannerBit is luring in people with deceptive tactics, claiming you’ll be making money from selling ad space basically, when in reality your cash is being funnelled off to dodgy, unregulated options brokers in the Forex market.
Your money is getting used for them to trade with, so good luck trying to get it back.
If they want you to trade Forex or binary options, they should be upfront about it and not blatantly lie to people.
Sure, by all means be an affiliate for a broker, but choose a broker that’s legit and tell people that you’re trying to sell them on trading Forex or binary options, not ad flipping.
BannerBit is a total facade, one giant lie to cover up what the real agenda is.
You’ll notice at the very top of their website that they say they only operate Monday – Friday. That’s because the Forex markets are closed on weekends.
Another indicator is the credentials they ask for when you first open your BannerBit account. You need to send them a variety of ID to get started, which is exactly what you have to do when you first create a live account with a Forex broker.
I trade Forex and options, so I know how it works.
Paid Actors
The guy who does the sales video for BannerBit is a paid actor from the freelancer site, Fiverr. I’ve seen his face countless times now through the various reviews I’ve written. He’s one of the most common faces around.
Technically there’s nothing wrong with paying a professional to do your video, but I think that should be made known and stated at the very start of the video. Transparency is what’s important.
Target Audience
While this seems to be targeted rather innocuously at people looking for some relatively simple ways to make money online, the real agenda behind BannerBit is something entirely different and far more complex.
What I Like
- I don’t like anything about this deceptive scam
What I Don’t Like and Red Flags
- What the hell is ad flipping?
- BannerBit is nothing more than an affiliate site that funnels people into Forex brokers unknowingly
- Binary options trading, while legit, is full of scammers
- Forex trading is also legit, but a tough way to make money
- The broker who ends up with your money trades it on the markets on your behalf and without your knowledge
- The person running BannerBit receives up to a 50% commission on every dollar he/she sends the way of the brokers
- These brokers behind these schemes are generally unregulated
- The supposed company that runs BannerBit is based in Cypress
- This whole website is a lie to get your money
- The guy in the video is a paid actor
- The website is loaded with very vague information
- There are complaints from people claiming they’ve made no money with “ad flipping” and that they can’t get a refund
How Much Does BannerBit Cost?
It’s a minimum investment of $250, but after a while you’ll likely be asked to invest thousands more. This money has nothing to do with buying and selling advertising. It’s all about some dark and shady binary options trading through unregulated brokers.
Is BannerBit a Scam?
I absolutely rate BannerBit a scam. Everything about the website is a lie and a deception. People unwittingly are being lured into the world of Forex and binary options trading without even knowing it.
The only reason BannerBit exists is to earn broker commissions for sending investors and their money to these shady brokers. You also have to surrender all your ID and credit card details, which is not a wise idea when you don’t even know who the hell you’re really dealing with.
Don’t touch this, and don’t fall for this easy money ad flipping nonsense either. That’s not what BannerBit is about.
A Far Better Way To Make Money Online – Here’s How I Do It!
If you can avoid the multitude of online scams out there, you’ll find there are many ways to make money online, and just as many legit training platforms to show you how to do it.
My favourite way of generating an online income is through my affiliate marketing business. The concept is really so simple, and that’s part of the attraction. If you are given a proven blueprint to follow that works, then anyone can be successful with affiliate marketing.
It’s also dirt cheap to get started, and the overheads to run this type of online business are minimal.
You can do it part-time, fulltime, build wealth and generate passive income streams in time. It all depends on your goals and how much time you want to put into building your business.
Do you really want to enjoy lifestyle freedom? If the answer is yes, then an affiliate marketing business can give you your dream lifestyle.
To help my readers understand it all better, I’ve written a FREE make money online (MMO) guide. You can check it out by clicking on the banner below. It only takes a few minutes to read and is worth the time.
The guide explains the process of affiliate marketing and how you make money with it. I also cover some of the many advantages of having an online business, and introduce you to the training I did that showed me how to be successful. The training is free to get started, so nothing to lose by giving it a try.
Click here to read my FREE guide now!
Darren Burton
Latest posts by Darren Burton (see all)
- NeuroGym: Harnessing Neuroscience for Personal Transformation and Success - October 31, 2023
- Is Lotto Profits a Scam or Not? Read This First! - August 27, 2019
- How to Boost Your Website’s Affiliate Sales - November 22, 2018
