GreenZap
Paypal wasn’t always the dominant way to send and receive money online. When they were young and trying to attract an audience, they gave away money to everyone who signed up for an account. Today, a new company called GreenZap announced that they are going challenge Paypal for the space:
GreenZap is set up to capture a large percentage of the existing online spending community. It’s for anyone including all of the frustrated online spenders who, for the first time, have a legitimate alternative to turn to when it comes to owning an online spending account.
To entice new memberships, GreenZap is offering to credit all new members $25 when the service launches early this summer. Currently, their signup form doesn’t require any sensitive information like a credit card or bank account.
Plus, for the entrepreneurial, they’re also offering generous affiliate payouts.
cr1melord on April 6th, 2005 7:37 pm
Most of the postings on the internet concerning GreenZap are the verbatim pdfs of the new GreenZap affiliates hoping to reap the referal awards. I did find one site that recommended GreenZap to anyone who ‘hates’ PayPal. But if we can’t trust PayPal now that we know who they are, how can we pretend to trust someone when NONE of the websites, spams, blogs, etc. identify just WHO THEY ARE. Who are they? What is there experience? Who are the banks they claim are supporting them?
Vincent on April 8th, 2005 12:34 pm
Looks like greenzap has dissapeared from the face of the net.
Dane Carlson on April 8th, 2005 1:40 pm
I received a record telephone call from GreenZap… something about their servers being overloaded, and planning to be back online by Tuesday.
WAHa.06x36 on June 20th, 2005 5:54 am
It’s hilarious how, everywhere GreenZap is discussed, these people who get phonecalls from or meet with the GreenZap founders always show up to support them.
Chris Morris on July 29th, 2005 10:23 pm
GreenZap is here to stay, if you would like more information on GreenZap, listen to the latest GreenZap Conference Calls, or talk to us on our GreenZap forums, please visit our site at http://www.greenzappedcash.com
Regards,
Chris Morris
mlmforums.net on April 13th, 2005 2:27 pm
Is greenzap a scam or not?
I have not only received many e-mails but also comments regarding people considering Greenzap to be a scam. What is it about this new so called paypal competitor that people thinks smells of scam? …
TANOH on December 17th, 2005 12:41 pm
La richesse c’est ici!!!!!!!!!!!
Shane on January 9th, 2006 4:30 pm
Well I too wasn’t sure about GreenZap when a good friend simply said join. Well it was free so why not. From that I wasn’t sure aobut the gold program but then again figured I wasted that kind of money on other things like internet leads and never got anything out of it before. So worth the shot … fromt hat I did earn $378 in my first 30 days actual cash and over $500 since then. So for me yes it did work and no it is not a scam.
therefan on January 20th, 2006 3:17 pm
Sadly Greenzap is a scam. Greenzap is the brainchild of known scammer Damon Westmoreland.
Greenzap was started in April of 2005, and has yet to deliver upon it’s service. It merely takes in $100 from hopeful people thinking this is their ticket to get rich without working.
The $100 goes towards your paying in to the pyramid ponzi scheme. The people above you get paid a portion of your “upgrade fee” and in turn for you to make money, you have to convince multiple people to sign up under you and send in the “upgrade fee”
To date Greenzap has been banned from being used as a word in auction listing, most email systems classify their emails as spam, and the webcash is unspendable.
Their are no auctions, the “Storez” are commission junction and linkshare affiliates that are unaware that greenzap even exists (you have to make your purchases via credit card, the “merchants” do not accept greenzap as a form of payment)
The $50 is not cash, it is a fake currency that was created by greenzap to act as a rebate coupon towards a percentage of a purchase from their commission junction affiliates. The rebates can take longer than a month to be reflected in your account, and may not be honored at the discretion of greenzap. The rebates are less than the discount offered by going directly through the merchant.
Webcash has no value. A gift of it of $50wc of $5000wc ammounts to a gift of ZERO dollars. It is fake, and merely a way for greenzap to pay only a portion of the rebate back to you that you would have gotten by going through the merchant directly(keeping the rest for themselves)
go to google and search for “greenzap” and “scam”
They are currently also in the process of selling valueless “pump and dump” stock.
The “400,000″ members are people that signed up thinking they would be getting $25 or $50 free, not until later did they find out that webcash is unspendable, valueless, and ammounts to a rebate coupon that is worse than the rebate offered by the actual seller.
DontWasteYourMoney on March 2nd, 2006 8:19 am
And never mind the fact that most of those members don’t even exist. GreenZap has NO safeguards in place to keep people from setting up fake accounts. Why should they? every fake account is another “member” they can tout on their next press release!
So in other words, people set up dozens of fake accounts thinking they can rake in the webcash — at least until they figure out that webcash is worthless — and greenzap trumpets their huge user base.
Big scam.
techie on March 20th, 2007 12:05 am
Is there anyone alive that can go talk to Mr. Randall S. James Texas Banking Commisioner and have him change his mind and remove Greenzap from the Cease & Desist List of Money Remittance
Texas Department of Banking
Special Audits Division
2601 N. Lamar Blvd.
Austin, Texas 78705
Toll free phone (877) 276-5554
http://www.banking.state.tx.us/news/press/2007/02-21-07_2pr.htm
And now Poor Damon’s GIC875856 Lawsuit has been thrown out by San Diego Superior Court of CA, forcing his Lawyer Scott Wellman of w-wlaw.com to file new papers with Calfornia District Court on March 16 2007 in his efforts to someday some century to take on the Big Dog paypal now that those $25 where nothing to do with USD equivalent Cash green that you all are familiar and like. what a shame, a silly silly shame.
TK2 on March 12th, 2009 2:21 am
If DebitCard123.com or GreenZap.com sounds familiar in any way and you ever gave Greenzap your account info- change you bank account now!!!
I KNOW these companies are connected in some way. I had a checking account that was mainly used as a savings account as it had a great interest rate. I wrote three checks a year from that account to the same people for the last 10 years, so the account info itself was not out there much to begin with.
The one and only time I ever gave the account info out was to register with GreenZap – back in 2005 or 2006. The more I learned of the company the more it just didn’t sound right, so I never used their ’service’. No transactions were authorized, no transactions took place, and I basically forgot about the company until recently.
At the end of 2008, a withdraw of 119.95 showed up on my statement. After getting more info from my bank, it was in the form of a check made payable to DebitCard123.com (memo area said Inquiries call 888-384-4823, signature area said ‘Authorization on File’). I looked up the website, tried a WhoIs search, and called the number thinking maybe it was a honest mistake and easily fixed… wrong.
The following month another 2 bogus checks were submitted – one for just under 10.00 and another for 129.97. The smaller one cleared, but was able to stop the larger one just because the bank knew something was going on from my previous contact with them and they called me.
Another interesting angle is the same day this account was closed DebitCard123.com tried doing ACH (electronic) transactions. One was for a deposit of .13 and then a withdraw of 1.25. It seems this is common practice for fraud people to see if the account is still open.
Point being, once your information is ‘out there’, be it with an existing company, one that was sold, one that went bankrupt… whatever – your account info is still there sitting in someones data bank – be it the company itself or a process agent they use.
Both of these companies speak for themselves – claiming to provide international ’service’, while hiding their true identity and any reals means of contacting them. Check archive.org or a WhoIs search.
Do yourself a favor and have some peace of mind in the future, if you EVER gave GreenZap your info, or if DebitCard123 has shown up anywhere on you statements, change your account ASAP…
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