It’s official. On 1 June, GreenZap opened its doors, accepting user registrations and doing business. GreenZap is an alternative method of sending money across the Internet. If you’re looking for an alternative to PayPal, this just might be it.
GreenZap offers two types of accounts, a basic GreenZap account and an upgraded Gold account. The Gold account offers reduced transaction fees, increased rewards, and a GreenZap Stored Value MasterCard® or Visa® for off-line spending.
Oh, and did I mention they give you $25 for signing up, and $5 or more for referring people to them? I know one person who, on opening day, had made nearly $2,000 from referrals.
The company appears, as best I can tell, to be legitimate. So go sign up now!
Update 26 June: Many people have written in to say that GreenZap may not be legitimate or may be scamming. I have no way to verify the claims made by these people, but I still maintain that as long as you haven’t given them any money, it can’t hurt to sign up and watch.
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Jims Minder
Jun 15, 2005
Read this…
http://www.greenzapscam.com
KAM
Jul 19, 2005
Can you really trust a Web site which pushes advertising for a competing payment processor while bashing a payment processor that only opened its doors a month ago?
I signed up for GreenZap through IO ERROR’s link, and I’ve been pleased with the service sofar. I’ve not seen any blatant warning signs that GreenZap is anything less than legitimate.
Years ago IO ERROR introduced me to PayPal when they were giving away $5 for new accounts (and didn’t require you to deposit $100 first!). But PayPal has changed and I have been looking through various 3rd party payment processors for awhile now includng e-Gold (thanks again IO!), Internet Gold, StormPay, EMO, and others.
I’ve not had any major problems with the other programs, but their user interfaces are very poor, and if you do encounter a problem or have a question you often have to wait days to hear back via e-mail, and it is virtually impossible to talk to a live human being.
GreenZap’s interface is very nice and intuitive, almost nicer than PayPal’s. I’m still holding back a little, but with a promise of only charging $1 or $2 to receive payments vs. PayPal’s 2.9% fees, I’m ready to start promoting this hard and fast to my clients who pay me via PayPal currently, whether or not the “WebCash” is of any value other than waiving the transaction fees.
KAMnet
Sep 23, 2005
Well GreenZap made all these promises for summer 2005
Credit Cards,
Debit Cards,
Stores,
Auctions,
etc.
None of it was delivered….
They claimed that you would be able to spend your web cash at Target, Amazon, NetFlicks etc- just another lie
They claim to be a competitor of paypal but 5-6 months later they still don’t accept credit cards… You want to compete with paypal without accepting credit cards? I think not. Yes I realize some people don’t like them, but for an online payment transmitter, you would think it might help their business.
Now they sold to company to a holding company for 75,000,000 shares of stock (which has the same CEO – Damon Westmorland (who has been investigated by all sorts of government agencies including the USPS, State Attorney Gernerals etc.)
Anyway, if you look at all the latest news on investor sites, you will see that a company called “Wall Street Capital Funding” was paid $30,000 to put out all sorts of promotions for their stock including faxes, and spamming the net.
(just read the disclaimer at the bottom:
“WSCF has been compensated for dissemination of company information on behalf of one or more of the companies mentioned in this release. WSCF has been compensated Thirty Thousand Dollars for coverage of NPW Development, Inc. (NPWV)”
http://finance.myway.com/jsp/nw/nwdt_ge.jsp?news_id=iwr-095475&feed=iwr&date=20050916
Anyway, one big mistake they made is they are not licesed to be a payment transmitter, if you were screwed by them, you might want to complain at:
http://www.dfi.ca.gov/forms/tma/unlicensed_tma_complaint_form.pdf
iTOMICA
Dec 28, 2005
I haven’t seen it take off yet, and so far it seems everything was planned that way. They are half the way everything they claim to be. Anyway, this is a miracle company: No one can explain what’s keeping it from burning to its ashes…
Therefan
Jan 20, 2006
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.
Romy Blystone
Mar 07, 2006
Now will scam you of your money.
We need more fools like
Tommy Styles to go Gold and give us access to your bank accounts. Dont be a quiter like Carnes and Robert Hamilton for God’s sake
Fred Natural
Mar 23, 2007
I’m here to say I’m just a dumb sucker that did not do his due diligence until it was too late, and I got scammed by GreenZap! And what I would like to know … can any one tell me, what can I do to cause law enforcement to investigate Damon Westmoreland and GreenZap?
Does not their scam break the law with the FDIC Pass-Through Insurance text on the site and other trickery leading one to believe it’s a safe money transfer service?
Can any one tell me where DW and / or any of his associates live … home address (es)? Any one have home phone number(s)?
If any one can tell me how to keep others from getting ripped off by getting this guy Damon Westmoreland investigated, arrested and prosecuted, please email me at FredNatural@sbcglobal.net