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.
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.