VirtaPay Scam?

VirtaPay is a Currency that is being developed and that is what they are paying you which if it doesn't get accepted by Merchants and their are no goods or services that you can get from it you will basically have a bunch of nothing as it is its own Currency it will take a really long time after that it gets launched for any exchange will be set up to get it to where you could take your VirtaPay Currency into real money that you can use outside of what merchants accept payment in the form of Virtapay which I can tell you will be few. Which means expect your needing thousands of VirtaPay Currency to buy an item that cost $10.00 with Paypal and other payment processors that deal in Real World Money. VirtaPay is also doing a very bad thing they are creating inflation in their currency before they even get off the ground if you have 100 people who have signed up and they get $20 of the VirtaPay currency. They do this for one year then that means that at the end of that year. The Market has $730,000 VirtaPay currency in a Market that looks to have very little support which means if their is more Currency Avaible than Goods or Services it will take more of that currency to buy things meaning you may get exchange rates similar to Second Life (Which has a virtual Currency for the game that is worth real money) That game has an exchange rate of roughly 200-240 for $1.00 USD. So if VirtaPay is already heading down a path to create massive amount of inflation that will make it next to impossible for people to purchase anything of value because merchants will look at that exchange rate and take the average most likely and that being the low average for the value of the currency you could see far worse than what Secondlife has. I wouldn't sign up with them because they are setting up a Currency that will be worthless unless it gets tons and I mean tons of support out of the gate and basically won't be worth much then because it would basically need to take out any and all other online Processors and well Paypal is still number one because it deals in a very simple way I can set a price and know that this much is being taken out in charges and that I will get this much and don't have to deal with a market that in the case of VirtaPay Currency will be very unstable and will be subject to just how many merchants choose to take it on and accept it as a Currency. Which I can tell you as being a merchant of Digital Goods I won't be doing it.

I have heard of VirtaPay and am a member of the site. It is a new site and from everything I have seen, it is not a scam. The developers are working to make it a payment platform much like PayPal. It is in the beginning stages right now and you can purchase digitally delivered products (i.e. e-books, etc.). At this time you cannot use the money anywhere other than on VirtaPay's website, but they are working to make it possible to use debit cards and have the money transferred into your normal bank account.

I had actually never heard of this site till you posted this thread. It seems from what I looked at on it... it's just a site trying to become the next Pay Pal, but at the very beginning stages. At this time I would not join it as it is new and I would like to see what it's going to do first. Maybe if it grows and turns into a great site I will join!

Why will it be scam, its not paying! It has all virtual currency, so you earn virtually , never in reality THe sites which pays in reality can be scam, the site which pays virtually has nothing to be called scam, because they mentioned, they will never pay in reality :)

I am a member of this site and i like it but there are a lot of scammers in this site whose job is to scam you. since this site is still new and developing we can really expect that there are many flaws of it. maybe once this site is fully launched maybe we can expect good service with it.

If someone wants my Virtapay money . Send me a message .

Well, the main problem with Virta Pay is that they have to compete with the likes of Paypal, AlertPay and Liberty Reserve. These 3(along with some others) are sooo popular that people will be reluctant to use Virta Pay, unless VP can tie up with some very big companies and offer some unique services. In my three years of online experience, I have seen many other such new e-currency sites, most notably Evo-wallet, which came, but couldn't conquer the market and then vanished after a few months.

I don't know how you want to call it. This is how VirtaPay works. It is a site that is developing now. They pay their members for help them with that process. But you only can spend the money in the site. They sell electronics goods like e-books and things like that. Not real objects. You can spend your money only in those things. That is how VirtaPay works. So, no, you are not going to receive money from them. At least no for now.