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PertronPay Review: Is it Legit or a Scam?

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In this post, we will review whether PetronPay is legit or a scam.

Many people are looking for means to make money online, whether on investments, digital marketing, or just any other legit ways to make money. PetronPay is a multi-level-marketing (MLM) company or platform that claims to offer 2.5% daily returns on investments daily to its customers or users. But, you may be wondering what PetronPay is, and asking whether it is legit or a scam. In this post, we will take a review of PetronPay and answer your questions about the new multi-level-marketing company.

is PentronPay legit or a scam?

What is PetronPay

PetronPay is a multi-level-marketing company that claims to invest in the oil sector or petroleum sector through cryptocurrency or FOREX. Being a multi-level-marketing company, it doesn’t have any product or services to sell. In other words, it is a pyramid scheme where investments tends to be very risky to put investments on.

They invest in oil and as an investor, when you buy a package for certain price, it promises you a high return on investments ROI, which is 2.5% of all investments daily. As they do not have products or services to sell, they receive money from people’s investments to pay new investing members daily. This quite risky when debts get accumulated and things go wrong. In other words, people get scammed.

Read Also: What is Tcodeinvestment: Is Tcodeinvestment Legit or a Scam?

Is PetronPay Legit or a Scam?

Now, this is the big question: Is PetronPay Legit or a scam?

Since PetronPay is a multi-level-marketing company and has no product to sell, it is regarded by many investment experts as a pyramid scheme. And Pyramid Schemes are mostly untrustworthy. Pyramid Schemes are often illegal because there are high chances of fraudulent activities.

ALSO READ: Inksnation Review: Inksnation is a big scam

PetronPay Review on Scamadviser

PetronPay began operations in 2019 which makes it a very young company to return 2.5% daily investments. This quite absurd as things may get dicey as time goes on.

On Scamadviser PetronPay has been reviewed to have a very low trustscore of 1%. This means there is a high possibility that it is a scam.

PetronPay Positive Highlights

  • The domain name has been registered for more than one year in advance
  • The SSL certificate is valid (Source: Xolphin)
  • The website has received mainly positive reviews.
is PentronPay legit or a scam?

PetronPay Negative Highlights

  • The owner of the website is using a paid service to hide their identity
  • The website is very young’
  • The website is young but a lot of traffic.
  • The website is not SEO optimized
  • The website may offer high-risked cryptocurrency services
  • Multi-level-marketing is detected which are often scams.

Source: Scamadviser. Apart from these negative highlights above, PetronPay doesn’t have a clear company address. On the website, it says the company is based in Zurich, Switzerland. On Scamadviser the company is based in the US— Arizona.

Then on Google, its location is based in Lome, Togo.

Having looked at the highlights from Scamadviser, it shows that investing in PetronPay is on a high risk of being a scam company. It has no clear location address or company owner identity.

For a video detailed review on please watch our YouTube video below.

Also, for content on investments, business, tech reviews, please do endeavor to subscribe to our YouTube channel for mouth-watering content.

Artful

Artful

Artful is a budding lifestyle journalist, content writer, who loves to make research and provide the best stories for human consumption. He is addicted to milk, ice cream, travels, adventure, and discovering a new culture.

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