Is BannerBit a Scam? Honest Review Exposes The TRUTH About BannerBit.com!

Dale

Banner Bit Website ScreenshotBanner Bit is a newly launched company that claims to be the entrepreneurs marketplace for buying & selling online advertising. You’re led to believe that over 42,000 people use the platform & that you easily make thousands of dollars through their site by “flipping ads”…

At a glance it all seems fairly legit, but as you dig deeper into it all the whole thing starts looking extremely suspicious… So what’s the deal, is it actually legit or is Banner Bit a scam that’s just going to part you with your cash?

Luckily you’ve landed in the right place to find out because things aren’t actually quite as they seem with this company & in this review I’ll be uncovering the truth along with how it all really works & whether or not you actually make money…

What Exactly Is Banner Bit?

Banner Bit claims to be an online marketplace for entrepreneurs who are looking to make money by buying & selling advertising. Though I have to admit right from the off that the concept seems a little strange to me…

Banner Bit Marketplace

I’ve been in the online marketing industry for around 6 years now & I’ve never heard of “flipping ads” or “buying and selling advertising” – that alone immediately made me very sceptical about the whole thing.

The other thing that made me very sceptical about it was the fact that I actually found out about Banner Bit through a get-rich-quick style program named the Free Ad Cash System which promised you could easily make $3,671.32 per day.

But I have to admit the Banner Bit website looked fairly professional & I became pretty curious to see what it was all about. Was there really a way that you could make money by “flipping ads” like they claimed?

It seems like a weird method, but I’m all for innovation & exploring new ways to make money so I figured I’d take a look into it rather than just brushing it off as a scam…

How Does Banner Bit Work?

Signing up to Banner Bit is entirely free as the Free Ad Cash System which referred me into it promised, however it’s clear that to open up the potential to make some money you’re firstly going to have to spend some.

That’s because as shown in the screenshot below the whole concept of making money through Banner Bit is by buying & selling ads so you’re going to need some capital to try it out. In order to get started they require a minimum deposit of at least $200.

BannerBit Website Screenshot

But if you haven’t done so already, DON’T invest in Banner Bit. The reason I want to stress that is because Banner Bit isn’t actually what it seems – in my opinion it seems like it’s just a scam that’s been designed to part you with your cash.

You see you’re led to believe that you can simply log into Banner Bit, purchase some advertising & earn money from the revenue that the ads generate – but this business model just totally doesn’t make sense.

You’re also led to believe that you can then re-sell the ads later & that you a stand a chance of making extra money if the value of the advertising increases (for example by the websites they’re displayed on becoming more popular).

To a newbie the whole thing may seem fairly legit and it could be quite easy to get convinced about it – but like I mentioned above as far as I’m concerned the business model just makes no sense at all.

For example… In the above screenshot you’re shown a Nike advertisement which you can purchase for $240… But why would Nike want you to invest in their advertisements & why would they pay you a percentage of their profits in return?

If the ad was actually profitable then they may as well just pay for the advertising themselves & keep all the profits for themselves.. It doesn’t make sense to involve a third party & that’s why I believe Banner Bit to be nothing but a get-rich-quick scam.

Well this is just one of the reasons at least, there are actually several other red flags (and many member complaints as you’ll see below).

Why Banner Bit Looks Suspicious…

Well firstly in my opinion the whole “ad flipping” concept itself seems flawed so obviously that’s a major red-flag to start out with but on top of that there are actually several other issues that have led me towards believing Banner Bit is nothing but a scam.

Let me show you what I mean…

The Company Is Not Based In The USA or Canada

Upon landing on the Banner Bit website you’re provided with USA & Canadian based telephone numbers which makes things seem a little reassuring. Often scams don’t provide any contact details at all so this alone may lead you into thinking that it’s legit…

However don’t be reassured too quickly because Banner Bit isn’t actually based in the USA or Canada at all. I looked up the company & they’re actually operating out of Cyprus – they’re just re-routing calls through an American & Canadian contact number.

Take a look for yourself (Volo Corporate LTD is the company behind Banner Bit):

Volo Corporate LTD

Lies In The Promotional Videos

One of the videos on the Banner Bit promotional pages shows you a video in which a guy tells you he has over 2 decades of experience buying & selling ads online & that the Banner Bit system has made him thousands of dollars…

The problem is the guy is lying – he’s actually just an actor that he’s been hired from the website Fiverr. I was able to find his profile (which I’ve shown a screenshot of below) so you can’t believe a word he says.

Banner Bit Fiverr Actor

If the system really worked as promised then why are they having to pay actors to produce testimonials for them? Why can’t they just get real testimonials from the real members that are supposedly profiting?

You Have To Submit Confidential Details

Signing up to Banner Bit is easy, you can register for free & all you have to do is enter your name, email address, phone number & create a password. However if you want to withdraw you’ll have to submit a LOT more information… Information that they could potentially use to rob your bank account.

They ask for your full home address, a copy of a utility statement that proves your address and a scanned company of both the front & back of the bank card you wish to be paid too. This is bad very news – you should never have to send a scanned copy of your card online like this & if somebody is asking you to then it’s likely they’re just trying to scam you.

Hundreds of Member Complaints

I’ll admit that I didn’t personally invest any money into Banner Bit to try it out – there was no way I was going too because all of the signs just screamed scam, however sadly it seems quite a lot of people have.

Just take a look at some of these reviews they left:

Banner Bit Scam Review

Banner Bit Scam Review 2

It certainly doesn’t look good – both of these people have reported that they’ve been flat out scammed. Banner Bit have apparently just taken their money, not delivered on their promises & ignored all refund requests.

My Verdict – Is Banner Bit a Scam?

Well I’ll be honest, all the signs here are leading me towards believing Banner Bit is a scam. They promise that you can make easy money, their method doesn’t make sense & they’re associated with numerous scam sites like the Ripple Code system for example. None of it looks good.

Not to mention the fact that there are hundreds of member reviews online in which people are stating that they’ve been flat out scammed & that Banner Bit have taken their money & won’t give them a refund.

It’s therefore safe to say that I won’t be recommending this opportunity to you because in my opinion it just looks like a get-rich-quick scam that’s been designed to make the creator wealthy at your expense.

Yes, it is possible to make money online but not in the way Banner Bit claims. If you want to learn the REAL way to get started online then I suggest you check out my Wealthy Affiliate review because that will help you out.

I just really hope that you came across this review before investing & were able to keep hold of your cash rather than losing it to these crooks. If you happen to have any further questions or comments feel free to leave them below.

Dale
About the Author:
Born & raised in England, Dale is the founder of Living More Working Less & he has been making a living from his laptop ever since leaving his job as an electrician back in 2012. Now he shares what he's learned to help others do the same... [read more]

22 thoughts on “Is BannerBit a Scam? Honest Review Exposes The TRUTH About BannerBit.com!”

  1. My name is Marco I got a person named Daniel at BannerBit to help me and I have invested and so far my balance has gone up but I have only invested small to try it out now I might try bigger

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  2. I have also invested all month long with Daniel of bannerbit and at first it was running well but then I hit a dip but now it looks like I am generating profits again

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  3. I was visiting this site for less than 3 months with a $ 250 investment. I bought a few banners with all the money and how my balance grew week by week and ended up being over a thousand euros. Then when I started claiming some of the profits to return to my account, problems started. They reported closing my bannerbit account without my knowledge. Miraculously, I returned my original equity investment of 250e after they sent them. My own opinion is that this is a sham full of bannerbit crap. Regards Ari Hartikainen Finland

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  4. Guarantee if you looking to to open a business to get more money then stay as far as possible from BANNER BIT as they promise the world give no support and your well earned money gone. If you make any money they say it belongs to them and give a poor excuse where you have non choice in the matter. Be prepared to loose your money if you going them

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  5. Banner bit is a scam ive lost alot £. When you ask to make a withdrawal you never get the money. I had over 36.000 dollars. Everytime i asked to make a withdrawal it just says pending. I have now gone through the charge dispute route to get my £ back. DO NOT INVEST these people are conning us out of our hard earned cash

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  6. Banner bit is a scam!! When you sign up it costs you 37.oo to start then they call you and tell you that you need to deposit another 199.00 into your account and tell you that it’s your money and you can withdrawl money whenever you want!!!! But when you try to withdrawl any of it you need to email the Department and they never send you your money!!! DONT FALL FOR THIS COMPANIES LIES ITS A HUGE SCAM!!!!!

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  7. Bannerbit is a scam it has been scamming me of over 10K out of my pocket and I re-invested by purchasing 4 more gold packages from the income I’ve earned of $5K each a total of $20K to only make $4,864 more and I could not buy another package with it because I needed to have at lease $5K to do so. After about 4 months of waiting I decided to part way and withdraw the $4,864 because I could not afford to put anymore money out of my pocket. For another 4-5 months they put me thru a run around promise this date and and that date when I could withdraw. I even sign their compliance just so they stop talking overall. They won’t reply to my email, my phone calls nothing at all. So I lost over 10K out of my pockets and I would suggest anyone not to get involve with this company. My bank try to warn me but I didn’t listen. Everything they tell you are too good to be true.

    Thanks,

    Phazie

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  8. I have invested with Bannerbit and at first it seemed to be aking money. Now however my account has $3.20 in it from the original $2500 US I have requested on several occasions for a small withdrawal and nothing has happened. Not very impressed as I am only a pensioner this was my way to earn a little extra.

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  9. Bannerbit is a joke, I invested money in it last year and yet to see a return, when my balance reaches a certain amount they want you reinvest, I requested a payment but yet to receive one. Every time I request someone to really explain what’s going on I hit a brick wall, I never get replies to my emails. I suggest to anyone don’t invest in this company.

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  10. Yes made money after requesting a withdraw i was told i needed to put more money in to increase my turnover, i cannot put more in and now they have blocked me from seeing my banneradds so lost everything.

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  11. DO NOT INVEST IN BANNERBIT. IT IS A SCAM AND MANY PEOPLE HAVE LOST A LOT OF MONEY. THEY CLOSE YOUR ACCOUNT AND YOU CAN’T GET IT BACK. SCAM ALERT!!!

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  12. Totally doomed after investing into this bannerbit.com, The account manager who continuously keep in touch with you for investment will disappear and even his email doesn’t work once your balance on the dashboard starts showing 0$.

    Honestly, If you are a small investor then beware of this site

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  13. I invested 1500 in Banner Bit and when it I needed to withdraw my money it turned out to be impossible. As of today it’s been over 18 months and I still haven’t recieved my money from them and they shut my acct down as well so I can’t even get into my acct where my money is still at. So to me it’s a scam. All they did was give me the runaround

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  14. I have been with Bannerbit for almost two years and I’m totally familiar with the entire operation.Bannerbit is a fraud and not honest.The people there are turned over an exceptionally amount of times.The biggest problem I found is that you cannot get any payouts.They offer bonus amounts that tie you in to very subjective system that controls your ability to draw funds.If you challenge them you will be treated very poorly.My advice stay away from these thieves don’t put your money into something you will never see again

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  15. I have asked for money back with no response. Do you know if anyone has managed to get any of the money the invested back again? If so would someone advise me on how to do it? Thanks.

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  16. It’s a scam.I invested $200 USD and got my balance up to $10000 USD and tried to withdraw it several times but I’m still waiting and that was 24 months ago.Scam Scam Scam.Dont go near it

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  17. I joined banner bit awhile back and was really involved. I ended up investing 5000 over time and. I was getting the hang of how to make it work. But when it came time to pull my money out everything grinded to a halt. I threatened to sue as I had made 11000 and after months settled to get 4000 It could work but they need to pay when client wants not withhold funds. May be big pyramid scheme will never know out of. Cyprus

    Reply

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