Thumbnail of user mikem1202

Mike M.

Contributor Level

Total Points
97

1 Review by Mike

  • NeoBux

4/2/19

I had 4 accounts with over 45,000 rented referrals across the 4 accounts that took me 3 years to accumulate at a cost of approximately $18,000 out of pocket between 2011 to 2016. I had a decent amount of monthly income of about $1,500 to $1,800 which I was able to cash out to paypal every so often.

From 2016 to 2019, they slowly killed my accounts. The rented referral averages dropped from. 70's to <. 50 which meant that I couldn't renew the referrals since they were making a loss. In each account, I sent questions or posted on the forum. Not complaining, just asking what I could do to improve the averages. Upon the first question/post I sent to the support staff, the account was immediately banned from the forum and I had little recourse. Just had to let the account die since I wasn't about to put more money in.

Thankfully, by that point I had returned all my original investment and cashed out about $25,000 in profit before they caught on or decided to globally kill accounts by lowering averages of the rented referrals.

It was nice while it lasted but most likely works a lot like a ponzi scheme. If you got in at Neobux early enough (around 2008-09) and built up big account(s), you made out like a bandit albeit at the expense of other newer members investing their money.

I would highly recommend staying away from this site based on their business practices. Like most other ponzi's there is a tipping point where they can't pay back what they owe because no new money is coming into the system. Shutdowns at Payza and Paypal helped accelerate this I suspect.

Mike Has Earned 15 Votes

Mike M.'s review of NeoBux earned 15 Very Helpful votes

Mike Has Received 1 Thank You

Thumbnail of user christopht6
Christoph T. thanked you for your review of NeoBux

“Thank you for warning others about this.”

Mike doesn’t have any fans yet.

Mike isn’t following anybody yet.

Empty.

Similar Reviewers on Sitejabber

Thumbnail of user hansellm
12/27/23

First, the surveys; especially in this site, disqualifies you vey very easily. Then, when you...

Thumbnail of user avivp1
Aviv P. reviewed NeoBux
12/19/23

Don't go near it. It's not really possible to be profitable at this. You have to put 90 dollars...