Chymall Review: Is Chymall Legit or Scam (2020)

chymall-review

What is Chymall?

Chymall  is an online shopping mall like the eBay, Amazon, Aliexpress, Konga, Jumia but the difference is that Chymall enables you to earn, Chymall was founded by Yuan Zhang The C.E.O  and founder of Sairui Mall – CHY Mall

The company equally claims to be involve in e-commerce marketing ,gaming and innovative businesses.

 

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  Chymall  Investment 

The Chy mall investment business offers its investors the opportunity to make money without selling any product or recruiting.  Investors just need to buy packages depending on their risk ability or capability.

The Chymall investment scheme offers 5 Profitable packages labeled VIP 2 , VIP3 ,VIP4,VIP5 and VIP6 . This packages are the profit making packages which require you to have $140 280$ , 840$ , 1680$ 3360$  respectively to make money with Chymall .Investors can make up to 168$ per  10 days and up to 504$ per month.

 

Each package is said to correspond to a product which investors can purchase depending on the stock available .

chymall review

 

                                         Chymall Ecommerce

As mentioned earlier, this company claims to offer Ecommerce services. We found out that the company offers sales of product in many categories some of which include cloths, shoes ,bags, watches, Mobile phones, electronics computers, auto parts ,fitness and entertainment, kitchen ware, pet ,books ,beauty products among others

                                Red Flags About the Chymall Investment Scheme

Such Investment business model is not the first of its kind targeting mostly African countries despite the usual claim of world wide coverage. We have seen the likes of Bitconnect, Bitworld, among others. We found certain things worth questioning on this platform.

Chymall has a flash website design with a Dummy number  ”400-600-0888”.

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chymall review

Have you noticed this  number is found on several websites?

Why would a reputable  company have a dummy number as their 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 deposit 1000$ in your chymall account which many of their members discourage so as to make money with the chymal credit, you will need to pay a fee of about $72 dollars. This fee cannot be accounted for because you will still pay the Bitcoin fee on your wallet.   Why extort money from investors given that there is already a registration capital before a trading capital?  Top Investors and  Chymall team can answer better

The third thing i found about this site is the very poor customer service they have. When i  found out the high fees involve in depositing with Btc , I tried getting to the team and  a number was given to me via whatsApp. I have to wait this long to see if i can get a respond to this so called support number. The only thing i got was an automated message requesting for transaction details. when i  proceeded with my inquiry on the high fee, no respond was gotten . Tuesday 15 Sep 2020 till today 18 Oct 2020 that i am updating this post.

Thus the company care about making money and not ready to give any explanation to investors why they operate in a certain way. This is a red flag to a company that will manage your money.

Since me message was not read (No blue tick) I can conclude that these guys have disable the blue tick for delivery so they can reply to messages that please them. If you are a company using WhatsApp for support, it is very important to have the read tick (Blue tick) enabled.

The fourth thing i found about this company are Empty pages and empty product categories . This makes me doubt if the are really an ecommerce site. Since people are interested in  doubling their money, they wont notice some of the product categories are there to convince them to invest.

chymall review

We even found a product of zero dollars on the website. I was like are these guys serious and when I clicked to order, on the product  page the product is out of stock .

chymall review

Is chymall Legit?

Chymall company uses new investors money to pay old members, And that’s what makes it a pyramid scheme  However it has an offer/services, this makes it legit but not reliable , nonetheless most feedbacks we get from members are positive as at the time of this post.

Should I Invest in Chymall?

Every investment opportunity comes with risk. From the packages above you can make money with Chymall. You know the owner of the company as well as what they do to make  money.

Because the profits are low compared to previous investment  opportunities  can give you hopes of sustainability .  But one thing I know about such business model is that there have an expiry date.

The company equally have bank accounts in the countries there operate in Africa especially Chymall Nigeria , Chymall Ghana and Chymall Cameroon  teams which I have interacted with .  This means you know some names or places you can run to if  something goes wrong with your money.

The company is registered, that is equally something positive. we don’t know about insurance  which is very important for a company  that operates in this manner.

If  you a willing to take some risk with some extra cash then you can give Chymall a try and wait for the outcome.

also read 13 Hot Selling Products in Nigeria (2020)

What to do

1. The first thing for you to do is to register and invest your money. This capital will be used in buying and selling real physical products that will yield 5% profit every 10 days.

2. After buying at the wholesale shop, the company gives you two options; either they sell for you so you can make profit or ship to you.

3. The company sells for you on the online mall at RETAIL PRICE within 10 days, and then pay you back your capital plus your 5% interest. After which you can reinvest or withdraw anytime.

Final Verdict On Chymall

Chymall has a very poor web design and layout which also portrays a lot of scam signals. The website’s Frequently Asked Questions (FAQ) page is also poor with language errors all over. There is also no verifiable online method of payment or proper organization.

However Some platforms like Trust pillot has rated Chy mall to be trusted and most reviews and feedbacks from chymall are positive.

DISCLAIMER: this website is not in anyway affiliate with friendsimpact.com hence this review is based on honesty and broad insight.

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Written by Blogger Presh

Eshemokhai Precious Is the CEO of Friends Impact. He is a Passionate Blogger & Digital Marketer.He is the guy that Invests alot of time and resources in making people the best version of themselves. You can Join Our Telegram channel here to get latest updates on Tech.
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  1. Chymall is now a big scammer,i became a victim because of so call mr IBU the popular actor who came out to confused people based on the video posted on their facebook page.after they collected my 38530naira they are still trying to hack my account by sending me facebook code as of this yesterday 28/12/2020 this is so bad and its heart broken.

  2. If chymall and mr IBU the popular actor can come out to deceive people in order to dupe them of their money i will never close my mouth negatively in all the social media about mr ibu and this so call chymall inverstment becasue i sweat for my money

  3. chy mall did scam me ( account name CoachHaggai1) on a bitcoin payment I did on the 23/12/2020. And they are saying they are not going to give me my chy point and they are not ready to refund my bitcoin neither my money. They are not to be trusted . they are also having a very very very bad customer care , they do not even know how to talk to customers.

  4. Please how do I contact the customer service? I’ve recharged 300$ through bitcoin since 26 of December 2020 till now the money is still applying and haven’t been added to my account. How do I contact chymall to fund my account or refund my money?

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