Where Does Publishers Clearing House Money Come From
Camila Farah
The real publishers clearing house says it will never ask you to pay a fee to collect a prize.
You have to bear in mind that pch is a big company that makes big bucks every year. Publishers clearing house works diligently to fight scams both by working with law enforcement officials and through public education. Still think it s real. Kutv when lisa and john robinson of tennessee showed up to collect their share of last month s massive powerball jackpot there was little to no mystery as to how those winnings were generated.
Originally founded by the mertz family in 1953 the company is currently owned by members of the family and by a number of charitable trusts established by the family. Where does the publishers clearing house this get the money to fund the prizes of 7 000 a week for life. C heck out publishers clearing house s fraud protection page. To summarize publisher s clearing house takes in a billion bucks that s 1 000 million dollars every year but they get to spread out that measly by their standards 8 32 million payout over 32 years.
The magazine companies pay publisher s clearinghouse for subscriptions they sell. That s a lot of money to pay out for sure but it s chump change when you consider that publisher s clearing house earns approximately 1 billion in revenue each and every year. Publishers clearing house was founded in 1953 by harold mertz to replace door to door magazine subscription sales by a single vendor offering multiple subscriptions by mail. Publishers clearing house pch is a direct marketing company that markets merchandise and magazine subscriptions with sweepstakes and prize based games.
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