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Just a quick post to warn anyone who’s thinking about joining Kooday. Don’t. It’s turned into a big ole scam. Hasn’t paid its members in months.
Kooday is (was?) a site where you could buy and sell keywords with a minimum $5 investment. The idea was the site would eventually build a search engine of some sort which would make the exchange of keywords all the more lucrative.
I joined (in August last year I think) because I was curious, wanted to have a snoop around.
Kooday developed teething problems soon after I joined – I think they’d been around for a few months by that time. It started with the minimum payout being increased from $1.00 to $5.00, then the payment method was switched from Paypal to AlertPay. Payments were then stalled for some months, apparently due to the switch, but then payments resumed and I got paid consistently.
Two or three months ago, the payments stopped, but I really didn’t notice ’til June. When I did notice, it didn’t bother me that much as by then I had more than made my money back on my $5 investment ($60 profit in total – cashed out in increments every time I reached minimum payout).
Several excuses were given by Kooday for the delay in payments…one excuse after the other. But you can only give so many excuses before they start wearing thin and the penny finally drops.
I lost nothing. Some members weren’t so lucky.
Some are trying to see if they can get their money back by filing a dispute through AlertPay. I think others were considering getting the law involved.
Kooday has bitten the dust and seems to have scammed thousands of dollars off people in its wake. If you see it coming towards you, run the other way, even if it looks and smells like a chocolate effigy of Angelina Jolie.
You’ve been warned.
Scams’ta la vista, baby…