PJCNET

Introduction To Geostring:

Geostring is different to most pyramid schemes or pyramid like schemes as it costs absolutely nothing to join and they even put a free $10 into your account to get you started. Even though the system works in a similar way to a pyramid scheme as there’s is no real product apart from the system itself, the entire income coming into the system is from advertising revenue (sponsors) instead of from membership fees. In fact if you really must try a pyramid like scheme against my better advice, then try Geostring as there’s potentially nothing to lose except a lot of time and effort as long as you stick to only using free advertising to obtain your referrals. With $10 totally free and a system that’s free to join, it all sounds pretty reasonable, especially after you read all about Geostring on their official homepage. Unfortunately the chances of actually receiving a payment from Geostring are very slim indeed, in fact it’s much MUCH slimmer than most people will initially realise if not impossible.

Review & The Low-Down:

Geostring’s official website states that the only catch is that you’ll receive an Email every Tuesday which includes your stats and messages from their sponsors where you must click on the link to confirm you’ve received and opened the Email, well unfortunately this is far from the only catch as I’ll explain in detail:

Geostring’s official website also states the following, “You’ll be simply amazed how fast your free paycheck accumulates with this program”. Unfortunately Like any pyramid like scheme, most people will be at the bottom of the pyramid at any given time and eventually the system will become saturated leaving most people without a single referral and no income what-so-ever. Even members who aren’t at the bottom of the pyramid with referrals won’t normally ever obtain enough income to actually get paid because of a rather high minimum payout threshold of $100. In fact to earn the $100 payment threshold, a member needs 9,000 direct or indirect referrals which pay 1 Cent each (you get a $10 starting bonus plus 9000 x 1 Cent = $100). In fact around 89% of members will always be at the bottom of the pyramid with no referrals what-so-ever, while nearly all or perhaps even 100% of the remaining 11% won’t ever make it past the minimum payout threshold. The $100 minimum payment threshold is the therefore a massive catch for Geostring members and for the free $10 sign-up bonus as hardly anyone will actually receive the $10 as they won’t ever receive a payment at all. It also states clearly in their user agreement, “The $10.00 signup bonus carries NO CASH VALUE and may not be withdrawn”.

A very small percentage of members who are very high up on the pyramid could potentially make some sort of income if the system becomes popular enough for anyone to obtain 9000 or more direct or indirect referrals, but these members (if they even exist) will have introduced 9000 or more members who will have even less chance of reaching the minimum payment threshold as they’ll be lower on the pyramid. Also, any member who did manage to get 9000+ referrals is unlikely to obtain this without paying for advertising, although obtaining this with free advertising is technically possible with a lot of work.

Now here is a potentially huge stinger! At the time of writing it’s very questionable whether anyone has ever actually been paid by Geostring at all as there’s no payment proof on-line! If they never ever pay in future, then Geostring is simply a scam although this isn’t proven as yet, please see the section below titled, “Do Geostring Pay At All?” for more details.

Another worrying catch is the following line in Geostring’s user agreement, “You agree that GeoString may transfer and disclose to third parties personally identifiable information about you for the purpose of marketing or statistics gathering, including to third parties that reside in jurisdictions with less restrictive data laws than your own.” When joining you must disclose your correct name, address, Email address and phone number or you are breaching their user agreement as it states, “You agree to and must use your own name and email address in the registration process and may not assume a false identity”. More worrying information about how Geostring share your personal and private information with 3rd parties can be found in their Privacy Policy. The problem is Geostring are therefore very likely to sell your private information to as many 3rd party companies as they can to make the owner as much revenue as possible. If you join, be prepared for unwanted sales calls, spam and junk mail, so much for just one Email every Tuesday!

Since Geostring is only financed from advertising revenue it can’t possibly give away much for every referral you make, in fact you only get 1p for each direct referral or indirect referral up to a maximum of 10 levels. On the home page there’s a completely unobtainable potential income calculator that assumes that every member you refer will refer a fixed number of members beneath them to 10 levels. In reality most people won’t manage a single referral. 2nd level referrals are rare and 3rd level referrals are extremely rare while 4th level referrals will be virtually unheard of. Actually getting a 10th level referral is virtually impossible, but the income calculator will predict that you’ll have hundreds or more just from referring a small number of people to the system. For instance, if you refer 5 people and they all refer 5 people, the income calculator states that you could earn $122,080.30. Well you’re just as likely to win the national lottery jackpot 5 times in a row with exactly the same numbers each time than to really earn this sort of money from 5 direct referrals. It maybe a bit easier to get referrals to a free system until the system becomes saturated, but it also means that many members won’t be serious about the system either and they often won’t bother with it shortly after joining, making it harder to get 2nd level referrals or beyond.

After you join and login for the first time to Geostring, you are taken to a basic front end. You’re given 2 ways of obtaining referrals to the system. Firstly there’s a standard Email system to invite friends Etc, although I’d be much more inclined to send invites to my enemies instead. Secondly you’re given an affiliate link along with an optional advertising banner that states, “Geostring, claim free money”, which in my opinion is extremely misleading since barely anyone really receives a single Cent from the system if anyone at all.

Don’t be fooled by a number of good reviews of Geostring when are linked to a member’s affiliate link as they’re likely to be biased. It’s the very nature of pyramid schemes, affiliate marketing schemes and other multi-level marketing schemes for the system itself to be hard sold by it’s members who are all desperately trying to get referrals in the hope that they become part of the small minority who actually make any money (if anyone does with Geostring).

Do Geostring Pay At All?

This is the golden question and at the time of writing I can only speculate, but please watch out for comments for future updates!

I’ve already spoken about how difficult it is to reach the minimum payout threshold with Geostring, although at the time of writing it’s very questionable whether Geostring pay at all. In fact I can’t find a single payment proof published on-line from anyone who’s reached the $100 minimum payout threshold. Even if in future a few members actually reach $100 (they need to refer 9000+ members directly or indirectly), will they actually payout then? Well this is very uncertain, but it’s rather suspicious that they only promise to payout by cheque. It’s easy and much more convenient these days pay out electronically and most reasonable companies will have the option to pay out by Paypal, Alertpay or similar.

What’s a little worrying is in the small print in Geostring’s User Agreement under the “Payments” section that states the following, “GeoString will announce start and end dates for any affiliate promotions offered either by email notification or notification posted on the GeoString website” and later states, “GeoString reserves the right to end any and all affiliate promotions at any time without prior notice”. The question is what are affiliate promotions as it’s certainly not made clear anywhere? Could they decide that the existing 1 Cent per referral is just a promotion if members start coming close to the $100 payment threshold?

In fact Geostring could change anything they like in their User Agreement at any time! The user agreement states the following, “GeoString may, at any time, choose to edit, add and/or delete portions of this agreement and impose changes without prior notification of its members. Members will be informed of any and all changes to this policy via an email to their primary contact email address provided upon signing up with GeoString and/or notification posted on the website. If any modification is unacceptable to you, your only recourse is to terminate your GeoString account.”. So basically the User Agreement is completely worthless as they can change anything they like when they like and if you don’t like it, the only option is to terminate your account which would of-course forfeit your earnings. So they could for-instance suddenly decide to increase the minimum payment threshold to $200 if members start coming close to $100.

Another common scam of “get paid to” schemes is to accuse members of fraudulent practice when their account balance reaches the minimum payment threshold even when no fraud has really taken place. I’m can’t say that this will happen with Geostring members, but if they did refuse payment on this basis, there would be little or nothing anyone could do about it as their User Agreement states that these decisions are the “sole discretion of Geostring”.

What’s certain is if Geostring never pay anyone now or in the future, the system is another complete scam where the owner makes money from their sponsors while paying out absolutely nothing in return to it’s members who have all joined for the sole purpose of making money.

If anyone has been paid by Geostring or has managed to reach the $100 minimum payout threshold without being paid, please leave a comment either by registering below or in the public shoutbox to the right. I will also keep an eye out for any future proof of payment on-line or anyone who has managed to even get to a balance of $100 whether paid or not, please see any comments below for future updates.

Conclusion:

Even if Geostring do payout as they promise when an account reaches the minimum payment threshold of $100, it’s still virtually impossible to reach this goal by gaining 9000 direct or indirect referrals and most if not everyone is doomed to fail miserably as the system operates like a pyramid scheme! For this reason the free $10 as advertised is totally worthless as you’ll never really receive it. If you must try a pyramid scheme or pyramid like scheme, then at least you don’t have to pay to join Geostring, but you’re likely to waste a lot of your precious time for absolutely nothing while receiving sales Emails and probably other unwanted marketing from 3rd party companies who they sell your private details to. I most certainly don’t recommend that anyone risks paying to advertise Geostring as you’re very likely to lose it all for absolutely nothing.

I DON’T RECOMMEND IT, but here is the official website for Geostring anyway:

http://www.geostring.com

Legal Disclaimer

This article and any comments are without prejudice to Geostring or any other organisation. PJCNET tried to be as accurate as possible although we cannot be held responsible for any mistakes make. This article contains my personal opinion and shouldn’t be taken as definite fact. This article, any comments and all other articles and comments on this website are covered by our full legal disclaimer.

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