Type of Business: Online advertising platform/ MLM
Price: Varies based on the level of package that you purchase
Owner: Chris Smith
Overall Rank: 0 out of 5 (Scam)
[Update] Banners Broker has been shut down so their website has been removed as well.
Unlike other programs that I actually tried personally before making a review, Banners Broker was recommended to me by a few of my friends who approached me asking me to help them as I am known to help people avoid scams.
Some spent on the $400+ package whereas others spent above a thousand bucks hoping that they would reap their returns faster.
They were devastated by their loss and wanted me to show the world what Banners Broker is all about so for the purpose of this review, I’m borrowing my friend’s account to get a feel of how it works from the inside and why many people are saying it is a scam.
What is Banners Broker all about?
The key is in the name – broker.
Banners Broker is an online advertising platform similar to the online brokering of traffic and ad space that merge publishers with advertisers for the benefit of both.
So you can think of it as a third party agent who finds an ad space for an advertiser and vice versa.
How you earn money is through the placing of banners and advertisements on websites.
But don’t worry because as of the end of 2014, Banners Broker will cease to exist as the government is taking necessary actions to jail the owner (He deserves worse don’t you think?).
Pros and Cons
- Although you have difficulty in getting your money back, the banner ads actually work and you can get huge impressions (questionable quality).
- The breakdown of packages are affordable, not like other scams who dare to charge up to $9,000 in order to get more money from you.
- Helps in getting your business visibility (great advertising).
- Banners Broker has not paid any owed commissions since December of 2012.
- Payments on your commission earnings will be stopped without any notice whatsoever (Insecurity).
- Not meant for newbies (You need to have our business set up first in order to make your ads more effective)
- Very little direction on what to do.
- ZERO support.
- Lots of bad reviews not only from the users themselves, but from the media as well!
- Customers are voicing up and suing the company.
- This scam is too dangerous that even the government is on the way to closing down Banners Broker’s business by the end of 2014.
- Merchant cards like Mastercard do NOT recognize this business as a legitimate business therefore not allowing transactions to and fro. Because of that, Banners Broker made an e-wallet very much like the Empower Network scam which is even worse as it has less security.
Jeepers, that’s a lot of Cons! Better check out my #1 recommendation here instead.
Tools and Training – Are They Any Good?
Unlike other online business opportunities which has training and tool, Banners Broker doesn’t have any because it’s only an advertising platform so you don’t need to do much besides promoting banners.
However, there are 3 aspects of Banners Broker that you could choose to involve in:
Sure you can join Banners Broker to promote your banners but what if you want to be the supplier instead?
See, how banners are advertised here is through the websites that are partnered with the company although at times, they do just simply buy cheap bulk traffic to save cost (Totally unethical because that traffic quality is cheap compared to that of a website).
As a publisher, you can list your website under Banners Brokers for free with the necessary website statistics such as your niche and traffic.
You can also earn money depending on the number of impressions you managed to get so if your website has a high visitor rate, then you’ll make more money.
I guess you know where this is going.
An advertiser is the main aspect of Banners Broker as you will be the buyer who’s interested in getting his product marketed.
This means that you’ll be purchasing different packages depending on how many impressions you are wanting.
You will also be asked for details such as company business and demographics.
iii) Combo package
In simpler words, this package is for those who want to be both an advertiser and a publisher.
You won’t see the benefit unless you’ve been in the internet marketing industry for a while.
Being both a publisher and an advertiser is for those who want their investments to pay their own costs.
For example, you have a website but you want your website to have better recognition so how do you achieve that through Banners Broker?
By buying an advertiser package!
But for that you still need to pay so how do you cover your costs then?
By submitting your website as a publisher so you can make some extra cash to cover the costs.
See how that works?
Red Flags – Are The Risks Worth Taking?
I usually just write the pros and cons as they are much easier and simpler to do but I find that news around Banners Broker is just too dangerous for me to turn a blind eye to.
Here are a few huge red flags regarding Banners Broker that you should concern yourself with:
Red Flag #1 – Merchant Cards do NOT Accept Transactions with Banners Broker.
Card companies often have strict requirements.
And for good reasons too, as they are in charge of regulating people’s money and in order to attract more people whilst giving a sense of trust to existing consumers to keep spending and joining, they need to be picky when it comes to choosing which companies to align themselves with.
To be honest, it is not so much of a surprise to me when I found out about the fact that Mastercard doesn’t want to have any connections with Banners Broker because their reputation is at stake.
Mastercard said that there are just too many negative reviews and customer complaints (Another red flag) regarding Banners Broker that they just can’t accept.
Even PayPal which is also a financial service company focusing on payment gateway also doesn’t agree with Banners Broker’s nature of business and has long stopped their services with this particular scam.
Want to hear something funny? A customer actually asked on Facebook as to why Banners Broker doesn’t want to use Paypal as all companies do and Banners Broker tries hard to steer away from the topic and not answer it but rather just mention that not all companies do that and eventually, worrying about no PayPal will be a thing of the past.
Due to this situation, Banners Broker had no choice but to create some sort of an e-wallet which is like their own card and bank for the users to use.
They control everything on that card which means that there is no security at all whatsoever as they can literally take away the money from the users anytime they want.
To make matters worse, this actually happened as many users could not get their money back after earning from their campaigns.
This is really upsetting and I really hate it when people are too blinded with greed that they could resort to such an attempt.
There is also another scam that I have reviewed called Empower Network which has a very similar case regarding the merchant banks not accepting transactions with them any longer.
I don’t know about you but if huge companies like PayPal and Mastercard see Banners Broker as a scam, I too would think of it like a fishy company.
Red Flag #2 – Over 11,000 Users Being Scammed and They are Voicing Out.
I would understand if there are a few hundred people being scammed but over 11,000??
Imagine the money Banners Broker would have made from them!
These people are so fed up with being cheated that they voiced out and are grouping together to fight for their rights.
Red Flag #3 – The Media Also Has Negative Views.
We’ve heard of unsatisfied users writing complaints and bad reviews but we don’t really hear those from the media because they have better things to cover about… unless that it is huge news.
Sure there are a LOT of internet gurus out there scamming people every day but that has become so much of a norm that the media just doesn’t have the time to post about each and every one of them.
However, an internet guru that is being chased by the government?
Well that’s something you don’t see every day! (And a piece of huge news to cover)
Here’s a depict from the Sunday World regarding Paul McCarthy, the Irish representative of Banners Broker:
And here’s another one by the Irish Examiner regarding losses that can and should be claimed from Banners Broker:
Penman & Sommerlad Investigate which is a popular scam investigation website, also has negative views on Banners Broker and they even featured some of the comments that the Banners Broker users are not satisfied with as well.
Way to go Penman & Sommerlad!
Red Flag #4 – The Government is Taking Down the Company.
Banners Broker is SO huge of a scam that of course it doesn’t go unnoticed by the government.
And since it’s based in Canada which I would say is the most polite country in the World, they wouldn’t just stand idly by while their country’s image is tainted.
According to the court order screenshot above, I’m betting that Banners Broker will definitely go down.
And according to Spergel which is a Canadian chartered insolvency company, you can rest assured that this tyrant of a scam is definitely going down as Chris’s company will be undergoing liquidation.
Red Flag #5 – Many Users Couldn’t Withdraw Their Hard-Earned Money.
What is even more depressing than the fact that you can’t withdraw your own cash that you worked so hard for?
Seeing how Mastercard and Paypal didn’t trust Banners Broker in the first place was actually enough to give me a hint of what’s coming because through the creation of the e-Wallet, Banners Broker can control the money flow of the people.
In other words, the e-wallet is the main cause of the users’ money not being able to be taken out.
Since it’s their own bank, the entire investments that you put there are under their own command which is a really evil thing to do.
Really, how do these people sleep at night knowing that they’ve made millions by stealing from innocent people?
Does Banners Broker Offer Quality Support?
Customer support is perhaps the pinnacle of every business because it is the only way for a customer to get in touch with a company.
Supposing you want to ask a question or request for a refund but you have no way to reach a company, what then?
For the case of Banners Broker, support is very limited as it is in a form of an online email form which doesn’t even work because whenever you click on send, it will bounce back as ‘Invalid”.
That’s the only support you’ll get.
There is no support ticket to send, no Frequently Asked Questions (FAQ) for you to refer to, and there’s not even a community for you to mingle and ask questions or advice to.
Customer support is terrible and there are loads of complaints that remain unsolved.
Banners Broker Alternative.
Instead of relying on a company which holds the security of your earnings at the palm of their hands, why not take control of your own earnings instead?
If you’re looking to start your own online business, I recommend you check out Wealthy Affiliate.
It’s basically an Online Business platform that teaches you how to make money online through the art Affiliate Marketing.
They have practically everything you need to get started from online courses to features such as a keyword research tool and website health check to make sure your website remains competitive and that you are well on your way to success.
Inside, you will learn everything there is to know about building a website of your own and from there, create content that ranks so that traffic comes to your website which you can monetize through a variety of ways such as charging for your own banner space, through Google Adsense, or even through Affiliate Marketing.
A good example would be this very review that you’re reading.
If you’ve come across this review, chances are you might have found it on the first page of Google.
It’s actually intentional.
This is because online, the most legitimate way to earn is by creating your website and having it rank on the first page of Google as to how I’m doing it.
It took me a while to learn but with the amazing community inside helping me when I was still a beginner, all the way until today when I am able to monetize my website by myself, I wanted to share it with everyone and today, with you.
There are many ways on how to make money online, since we’re already in the mindset of putting out time and effort on something that creates a future for us and our family, better invest it in something worth it.
Here’s a quick table comparison to help you see from an overview…
I have to say, Banners Broker does look promising and I do firmly believe that it can grow even bigger if the system still works and the owner doesn’t think about money.
However due to the difficulty in withdrawing your hard-earned cash, due to the massive amounts of people not being satisfied with the service as well as the fact that even the government is taking actions to shut the company down completely, there is no doubt that Banners Broker is a SCAM and receives a rating of 0 out of 5.
If you’re really interested in making honest money online, I would advise you to learn how to build your own online business through my #1 recommended program here.
Thank you for spending your time reading this lengthy review, do share your feedback as I’d be more than happy to hear them out!