Is Readbud legit or scam?

January 15, 2011 Neil

Readbud has caused a lot of stir among online moneymakers. Now the question has been raised, “Is Readbud a scam website?”

Readbud.com offers you a unique opportunity to involve yourself in an exclusive online experience where you get paid to read and rate interesting articles relevant to your actual interests.”

Is it Legit or Scam?

It’s a SCAM.

Why is Readbud a scam?

1. It’s too good to be true.

Every article you read in Readbud has a corresponding “Rate Price.” You read the article, rate it, and the rate price is credited to your account. The highest price I’ve seen is USD 0.15 which is quite high.

2. Questionable Articles

The articles posted in readbud are publicly available in other websites.

One example is the article titled “Body Worn Cameras You’d Never Guess” with “Rate Price” of USD 0.03. The original article is available at Buzzword written by Shawn Davis, a writer for Spy Associates and 007 Spy Factory.

I doubt if the company Mr. Shawn Davis works for will bother having the article advertised in Readbud if it’s already public.

3. Lack of a Message Board

Readbud doesn’t have a message board unlike trusted PTC sites. This alone can be considered a good reason that Readbud is a scam.

4. No Email Confirmation during Redemption.

After more than 5 months, I finally reached the minimum amount for redemption $50. Redeeming the credits is easy, you just enter your Paypal email address. The money will be credited to the account in a month. I checked my email after 24,48 and 72 hours to see if Readbud sent a confirmation email. They didn’t. That’s when I suspected that it’s scam.

Almost all online transactions will send confirmation email. May it be a simple deposit to your Paypal account, receiving payment, etc. It has been two months since I redeemed my credits, still no email, no money.

5. Unreachable

I’ve heard people saying that they sent an email to Readbud to check the status of their redemption but they didn’t receive any reply.

Today, I checked if I can send an email through their Contact Us page. It turned out that the Captcha Code is the hook. You’ll get the “Invalid Code” error however correct the code you enter.

After seven months and more than one thousand rated articles, I’m deleting my Readbud account.

Further Readings:

22 responses to “Is Readbud legit or scam?”

  1. Isaac Tan

    Sounds shady..

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  3. Income

    Really cool piece of information, thanks!

  4. Tomoko

    I have to agree. I cashed out Dec 2 and still haven’t received payment. No emails, response,etc. And these so called payout proofs, why are they paying in CAD instead of USD as stated in their TOS? ReadBud is the biggest scammer out there and I hope they go down soon. They shouldn’t be allowed to have that site up so honest people can read their so called articles. It makes me furious that they can still go on with over 12000 members. Please people, DON’T WASTE YOUR TIME!

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  6. Levi Earnshaw

    It really looks shady. Thank you for sharing this.

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  8. kelly

    Thanks for the heads up. I cant stand internet scams. In my short carer i have spent money on stupid stuff. It is sites like this that help us not get shafted by shady deals. THANK YOU WEBMASTER!

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