A few weeks ago, I was invited to join GreenZap. I was told that if/when I open an account, I’d get US$25 in the form of WebCash. WebCash is basically a currency you can use wherever a merchant accept such payments. At the moment, they claim to have deals with NetFlix, HotWire, Amazon, etc.
Basically, the plan is that it’s meant to compete with the likes of PayPal.
I signed up without doing much research. Well, I figured, as long as it doesn’t ask me for credit card details and other information that I find too sensitive to give out, there isn’t mich to lose. If they’re just planning to harvest emails, well, what’s a handful more junkmail? 
Then, I started to find these websites and discussions online:
- MLM Scams: GreenZap Scam
- GreenZap is not a scam! Green Zap is legit!
- GreenZap Scam
- Greenzap? Latest Greatest Payment Processor
There are hundreds more. But, who knows who’s telling the truth and who’s scamming whom? If anything, it’s good for GreenZap’s marketing. They’re creating a buzz, right?
Anyway, for now, I’m giving GreenZap the benefit of the doubt. At the moment, I see the US$25 WebCash in my account. Apparently, I can’t use it anywhere yet until the end of the month of June 2005.
They’re currently offering a “Go Gold” option, wherein if you upgrade by sending US$100, then you get US$100 WebCash, a debit card, and reduced transaction fees (from US$2 to US$1). I’m not sure about you, but at this stage, I’m not at all tempted. I really prefer to wait and see how this one unfolds first before sending any money or sensitive information.
You said: "
GreenZap: Proceed With Caution?
Category: General: Making Money Stuff
A few weeks ago, I was invited to join GreenZap. I was told that if/when I open an account, I’d get US$25 in the form of WebCash. WebCash is basically a currency you can use wherever a merchant accept such payments. At the moment, they claim to have deals with NetFlix, HotWire, Amazon, etc.
Basically, the plan is that it’s meant to compete with the likes of PayPal.
I signed up without doing much research. Well, I figured, as long as it doesn’t ask me for credit card details and other information that I find too sensitive to give out, there isn’t mich to lose. If they’re just planning to harvest emails, well, what’s a handful more junkmail?
Then, I started to find these websites and discussions online:
* MLM Scams: GreenZap Scam
* GreenZap is not a scam! Green Zap is legit!
* GreenZap Scam
* Greenzap? Latest Greatest Payment Processor
There are hundreds more. But, who knows who’s telling the truth and who’s scamming whom? If anything, it’s good for GreenZap’s marketing. They’re creating a buzz, right?
Anyway, for now, I’m giving GreenZap the benefit of the doubt. At the moment, I see the US$25 WebCash in my account. Apparently, I can’t use it anywhere yet until the end of the month of June 2005.
They’re currently offering a "Go Gold" option, wherein if you upgrade by sending US$100, then you get US$100 WebCash, a debit card, and reduced transaction fees (from US$2 to US$1). I’m not sure about you, but at this stage, I’m not at all tempted. I really prefer to wait and see how this one unfolds first before sending any money or sensitive information.
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06/08/05 – 05:44:24 – Shai – No comments | No Trackbacks
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Hmm… In this case I’d agree with you about 150% at least. In fact I’ll wait until you’re July posting about whether or not you could actually spend that hypothetical $25 before taking any kind of action whatsoever. Thanks for the heads up. In my experience SCAMS outnumber legitimate offers about umpteenzillion to one or thereabouts, so I gave GreenZap a miss the first time their SPAM arrived in my e-mail or however it was I first heard about it. These things never seem to die a natural death, though. I rememxber one totally bogus letter that had a l-o-n-g life as a fax forwarded precursor of spam before like a vampire with thousands of pointed chopstickes driven through her heart that shudders back into a bloody lipped kiss of death reanimation in some endlessly screened rocky picture horror show never to lie in discarded coils of film on the cutting room floor boogie bopped back to life as an e-mail come on. Hmm… Have I mixed enoug metaphors yet.
Have a nice one…
Regards, Hypatia Theon