Chymall Investment Review – Scam or Legit?
If you are looking for an honest and unbiased Chymall investment review, feel free to read these reviews on Chy Mall Nigeria. A high yield investment program (HYIP) is common in several countries, especially in developing countries such as Nigeria.
While HYIP is a great way to get a good return on the capital you have invested in a company, it is risky. These can lead to you losing (part of) your credit.
That said, let’s take a look at chymall investments and see if they are legit in Nigeria or Ghana.
What is Chymal?
Chymall is an ecommerce mall-like Amazon, eBay, Jumia, Aliexpress, Konga, etc. But the difference is that while you cannot earn from other ecommerce stores, Chymall on the other hand allows you to earn.
That said, you can make money by investing money in Chymall. That sounds very interesting, and most people will really want to try a program that will generate revenue for them by purchasing a product.
This company originated in Malaysia and was founded by Mr. Ben Chan. Chy Mall was established on August 10, 2019, in Nigeria with its African headquarters in Accra, Ghana.
Also, if you are wondering how old Chymall is in Nigeria, CHY Mall has been around for about two years and is very popular in Ghana, Cameroon, and other countries including Nigeria where it has produced many millionaires.
Chymall Investment Review
ChyMall investment business offers its investors the opportunity to make money without selling or soliciting products. Investors only need to buy packages depending on their risk tolerance or ability.
The Chymall investment program offers 5 profitable packages named VIP 2, VIP3, VIP4, VIP5, and VIP6. These packages are profitable packages that require $140, $280, $840, and $1680, $3360 respectively to monetize Chymall. Investors can earn up to $168 per 10 days and up to $504 per month.
Each package is designed to correspond to a product that investors can buy based on the available stock.
As mentioned before, this company claims to offer ecommerce services. We found that the company sells products in many categories, including clothing, shoes, bags, watches, cell phones, electronic computers, auto parts, fitness and entertainment, kitchenware, pets, books, beauty products
Red Flags About Chymall Investment Program
Such an investment business model, despite the usual claim to global coverage, is not the first of its kind, targeting primarily African countries. We saw Bitconnect, Bitworld, among others. We have found some things on this platform that are worth questioning.
Chymall has a Flash website design with a dummy number “400-6000-0888”. Have you noticed that this number is on multiple websites?
Why should a reputable company have a dummy number as a hotline number? You can find this number on many websites
The second thing that made me curious about this Chymall is the Bitcoin deposit. To add $1000 to your Chymall account, which many of their members advise against making money with Chymall Balance, you have to pay a fee of about $72. This fee cannot be taken into account as you continue to pay the Bitcoin fee on your wallet. Why extort money from investors since there is already a registration capital before a trading capital? Top investors and the Chymall team can answer better
The third thing I found on this site is the very bad customer service they have. When I found out that depositing at Btc is very expensive, I tried to reach the team and they gave me a number via WhatsApp. That is how long I have to wait until I get an answer to this so-called support number. All I got was an automatic message asking for the transaction details. When I continued my question about the high fees, I got no answer.
Therefore, the company cares about making money and is unwilling to explain to investors why they operate in a certain way. This is a red flag for a company that manages your money.
Since my message has not been read (no blue checkmark), I can conclude that these people have disabled the blue checkmark for delivery so that they can reply to messages they like. If you are a company that uses WhatsApp for support, the bookmark (blue checkmark) must be checked.
The fourth thing I found about this company is blank pages and blank product categories. This makes me question if this is really an ecommerce site. Since people are eager to double their money, they will not notice that some product categories are there to encourage them to invest.
We even found a zero-dollar product on the website. I thought these guys were serious and when I clicked to order the product was out of stock on the product page.
Is Chymall Investment Legitimate?
The Chymall company uses money from new investors to pay old members, which makes it a pyramid scheme. It does have an offer/service though, which makes it legit but not trustworthy, nevertheless, most of the feedback we receive from members is positive messages at the time of the event.
Should I invest in Chymall?
Every investment opportunity comes with risks. With the above packages, you can earn money with Chymall. You know the owner of the business and what they do to make money.
Because the return is small compared to previous investment opportunities, you can hope for sustainability. But one thing I know about such a business model is that there is an expiration date.
The company also has bank accounts in the countries where it operates in Africa, specifically with the teams of Chymall Nigeria, Chymall Ghana, and Chymall Cameroon that I have worked with. That means you know some names or places you can run to if something goes wrong with your money.
The company is registered, which is also positive. We don’t know anything about insurance, which is very important for a company that operates this way.
If you are willing to take some risk with some extra cash, you can try Chymall and wait for the result.
What must we do
- The first thing you need to do is register and invest your money. This capital is used to buy and sell real physical products that generate 5% profit every 10 days.
- After buying wholesale, the company will give you two options; sell for you to make a profit or ship to you.
- The company will sell for you in the online mall at RETAIL PRICE within 10 days and then pay you back your principal plus your 5% interest. You can then reinvest or withdraw at any time.
Final verdict on Chymall Investment Review
Chymall Investment has a very bad web design and layout that also contains a lot of scam signals. The frequently asked questions (FAQ) page of the website is also poor with language errors everywhere. There is also no verifiable online payment method or good organization. However, some platforms like Trust Pilot have rated Chy Mall as trustworthy and most of Chymall’s reviews and feedback are positive.