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Do graduate schools pay attention to joining Phi Kappa Phi or other honor societies?

Recently I received an invitation for Phi Kappa Phi honor society. I do not know too much about those organizations and I was wandering what are the benefits (or possible disadvantages) of joining?

I was searching online and people keep mentioning that it is good for your resume, networking etc. However, it seems to me that I just need to pay for membership and they will put me on the list, how could it be beneficial for me?

Could you please tell me if worth considering? And is it really beneficial to have those things on my resume? Do graduate schools or employers pay attention for those?