Is InboxDollars a Scam? Can you get paid to read emails?
Before I start this review, let’s put the facts on the table.
- We all read emails.
- We all love money.
- It would be really awesome to get paid to read emails.
InboxDollars promises just that and they even go as far as to make the claim that ‘Money really does grow on trees.’ But just how accurate are these claims? Can you really get paid to just read emails? We wouldn’t call ourselves professional product and program testers if we didn’t give you an answer to these questions.
You can make money, but that doesn’t mean you necessarily will make money.
Each email that you read will net you anywhere between 1 to 10 cents. But these aren’t emails you would normally want to read. They’re advertisements for various programs or products that would result in InboxDollars making hefty revenue if you followed through and signed up for the program. Aside from emails, you can also “get paid” to play games, sign up for surveys, sign up for programs, shop, and search the internet.
What you aren’t told is that you will need to start spending money first and you’ll receive a measly percentage back on your spendings. This is the hidden truth behind their “get paid to” claims.
I’ve been a member for about two weeks now and I have received 14 emails for a total of $0.40 cents. That’s a little less than 3 cents per email. If we take into account the $5.00 sign up bonus and the $1.00 introduction survey, I will need to read approximately 857 more emails.
At the current rate of 1 email per day, I’m looking at over 2 years of reading email just to receive my first $30 check. I don’t know about you, but I have better things to do than click on an advertisement once a day for the next 2 years just to receive $30.
The Real Source of Funds
At this point, you’re probably asking yourself how could they possibly make money by sending out emails. I decided to look into a few of the programs that are heavily promoted throughout the site. Take for example, eBay. InboxDollars will pay you $6.00 to sign up at eBay and place a bid. Not bad right? Wrong. They’re making anywhere between $25-$35 every time a new user signs up at eBay and places a bid.
Stamps.com is also heavily promoted at a $10 bonus just for signing up for their free trial. However, in the event you forget to cancel the free trial after a couple of weeks, you will be billed $15.99 per month and InboxDollars makes $50. It sounds like users are getting the short end of the stick while InboxDollars laughs all the way to the bank.
I’ve tried that and I don’t like it.
If you have nothing better to do than to read emails (read: view advertisements) for the next few years, then by all means sign up and get started. I do feel that doing anything at InboxDollars aside from reading emails is a recipe for disaster. In an extreme case, suppose you sign up for the Stamps.com free trial and forget about your account. In a month you will be billed and in the event that you refuse to pay you can have your account forwarded to collections which could have a disastrous effect on your credit score. This result could yield hundreds, if not thousands, of dollars in damages all for a measly $10.
Personally, I’m closing my account.
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