Yes that is correct, Paidverts is fraud and it is a time waste. The support is really bad cause there is no contact number to speak to someone. All you have is frequently asked questions. This website as mentioned at the bottom of the page is based in Scotland.
This is a PTC(Paid to click) website and as per web search they initially good amount, not it is nothing than a scam. Once you you sign up it gives you 8 paid ad to check. Each ad is a value of 25BAP( do not know what BAP stands for). Once you watch all of them then there would 200 BAP in your kitty. To get amount in you kitty next day some BAP is deducted from your account and you get Bonus ad by watching this ad there is some cents that is updated in the account.
There is some system wherein you have 1600 BAP then we are moved to the next level. I had 2000 BAP and to get those I wasted almost 10 days, tough it hardly takes few sec to watch those ads. Now Iam not getting any Bonus ads and daily they are deducting 100 BAP from my account as a maintanence fee. Maths is simple no Bonus ads no money in your kitty, but the website has earned a lot by you watching those ads.
The content of the website is such that you need an expert person to make you understand what are the things which are mentioned on the website., so this is not at all user friendly. Yes there are games too where you could play and try to multiple those BAP.
Minimum withdrawal is of$2 and in 10 days Iam not even close to 1RS.
So friends, I have done it, just to check out the website and will not advise to use Paidverts and waster your time. You will only come to know when you waste your previous time and in the end you dont even earn 1rs.
Please be careful and vigilant.
On that note Vigilant Raga Signing off