Beware of Paymara – Review

Paymara’s website has no information regarding who owns or controls the firm.

The domain name for Paymara’s website (“paymara.com”) was initially registered in 2014.

On March 1st, 2022, the private registration was last updated.

Paymara’s website domain was for sale, according to the Wayback Machine. It was purchased by the present owners in late 2021.

“Candace Ava Fiorina” is listed as Paymara’s CEO on the company’s official YouTube channel.

Outside of Paymara, Fiorina does not exist. The normal Boris CEO set-up is in place: an actor, a leased office, corporate flags, and so on.

“Joseph McCareins” is one of Paymara’s other actors.

“Melinda Moret” is a fictional character.

And then there’s “Colin Robertson”:

Scammers from Ukraine and Russia are the most common perpetrators of Boris CEO scams. Although, in recent years, a few south-east Asian clones have appeared.

Despite this, I was able to connect Paymara to Russian con artists via the company’s “team” page:

This page does not appear to be connected to any of Paymara’s other internet pages, as far as I can determine. That’s most likely because it’s full of stolen photographs.

Another intriguing fact is that Paymara’s web server operates on Indian time:

It appears that Russians recruited Indian developers to build Paymara’s website.

Paymara provides shell business incorporation details for the United States and Canada in an attempt to seem authentic.

Paymara Global LLC is a New Jersey-based company. Paymara Global Inc. is a Canadian corporation.

Basic incorporation anywhere is worthless in the context of MLM due diligence.

Paymara’s shell companies are supplemented by a random corporate address in the United Kingdom. This looks to be an attempt to give the actor portraying Candace Ava Fiorina more believability by having her talk with a British accent.

Canada (39 percent), Vietnam (35 percent), and Pakistan are the top three sources of visitors to Paymara’s website, according to Alexa (8 percent ).

As always, if an MLM firm isn’t transparent about who runs or controls it, consider twice before joining and/or turning over any money.

Paymara’s Creations

Paymara does not sell any items or services to the general public.

Paymara affiliate membership is the sole product that affiliates may promote.

Compensation Plan for Paymara

Affiliates of Paymara invest in cryptocurrencies with the expectation of receiving the following returns:

Package 1: Invest $50 to $9999 and earn a daily return of 1.5 percent.

Package 2: Invest $10,000 to $29,999 and get 1.75 percent daily.

Package 3: Invest between $30,000 and $49,999 and get 2% every day.

Package 4: Invest $50,000 to $99,999 and get 2.25 percent every day.

Package 5: Invest $100,000 to $200,000 and earn a daily interest rate of 2.5 percent.

For 200 days, daily returns appear to be paid.

All withdrawals from Paymara are subject to a 10% fee.

Paymara’s MLM division compensates for affiliate investor recruiting.

Commissions for Referrals

Paymara gives a referral commission on bitcoin invested by affiliates who have been individually recruited.

The amount an affiliate has invested determines the referral revenue rate:

Affiliates in the first tier of the package get an 8% referral commission.

Package Affiliates on the second tier get a 9% referral commission.

Affiliates on the third tier of the package get a 10% referral commission.

Affiliates on the fourth tier of the package get an 11 percent referral commission.

Affiliates on the fifth tier of the package get a referral commission of 12%.

Residual Commissions are commissions that are paid regularly.

Paymara uses a binary compensation scheme to pay residual commissions.

In a binary compensation system, an affiliate is placed at the top of a binary team, which is divided into two sides (left and right):

The binary team’s initial level has two slots. The binary team’s second level is created by dividing the initial two slots into two more positions each (4 positions).

The binary team’s subsequent levels are created as needed, with each new level containing twice as many slots as the preceding level.

Affiliates are recruited both directly and indirectly to fill positions on the binary team. It’s worth noting that a binary team can go as deep as it wants.

Paymara totals fresh investment volume on both sides of the binary team after each day.

Affiliates are given a proportion of funds created on their weaker side, according to the amount they have invested themselves:

Affiliates in the first tier get an 8% residual commission rate, capped at $2000.

Affiliates on the second tier get a 9% residual commission rate, capped at $3000.

Affiliates on the third tier get a 10% residual commission rate, capped at $5000.

Affiliates on the fourth tier get an 11 percent residual commission rate, which is limited to $8000.

Affiliates in the Package 5 tier get a 12 percent residual commission rate, which is limited to $15,000 per year.

Coordinator Earnings

Coordinator Income looks to be a bonus commission rate on referrals.

A distinct set of rank-based qualification criteria is used to calculate coordinator income rates:

Coordinator – Recruit two affiliates and earn a 2% commission as a coordinator.

Team Coordinator – Recruit 10 Coordinators and earn 5% of their income as a Coordinator.

Recruit 100 Team Coordinators and obtain a 10% Coordinator Income rate as a Country Coordinator.

Community Coordinator – Recruit 100 Country Coordinators and earn 15% of their income as a Community Coordinator.

Elite Club looks to be a residual bonus commission given via a uni-level team rather than a binary team.

An affiliate is put at the head of a uni-level team, with every individually recruited affiliate placed right behind them (level 1):

Level 1 affiliates who recruit new affiliates are assigned to the original affiliate’s unilevel team’s level 2.

If any level 2 affiliates recruit new affiliates, they are promoted to level 3, and so on, up to a theoretical limit of an unlimited number of levels.

The Elite Club is limited to twelve uni-level team levels, according to Paymara.

As a proportion of assets invested throughout these 10 tiers, the Elite Club is paid out as follows:

On level 1, coordinators are paid 1%. (personally recruited affiliates)

On stages 1 and 2, team coordinators receive 2%.

On levels 1 through 5, country coordinators earn 3%.

On levels 1 through 10, Community Coordinators earn 5%.

For rank qualifying criteria, see “Coordinator Income” above.

Paymara affiliate membership is completely free. A $50 commitment is required to fully participate in the associated income opportunity.

It’s important to note that the amount of money a Paymara affiliate invests impacts their earning potential.

Paymara is looking for bitcoin, Ethereum, and Tron investors.

Paymara’s final words

Paymara employs a standard MLM crypto Ponzi scheme:

Our automated trading algorithms, which are backed up by Artificial Intelligence, manage the investment portfolio with a team of seasoned financial professionals, professional traders, and data analysts.

This identical phrase may be seen on other scam websites, implying that Paymara’s website is based on a template.

Paymara has provided no proof that it is involved in a trade or any other form of external revenue generation.

There is no trading activity, as should be evident. Paymara’s whole business model is based on recycling newly invested cash to compensate existing investors.

Paymara is a Ponzi scam since it pays rewards using newly deposited monies.

A pyramid layer is added to the MLM side of the firm. “Pay to play,” a prevalent component of pyramid schemes, ties revenue potential to the amount invested.

As with many MLM Ponzi scams, once affiliate recruiting stops, fresh investment stops as well.

Paymara will be deprived of ROI revenue as a result, eventually collapsing.

Ponzi schemes are mathematically certain to lose money for the vast majority of participants when they fail.

15th of May, 2022 – Paymara has come to a halt. The Ponzi scheme has been resurrected as Paymara Meta by the con artists.

Related Posts

Leave a Reply

Your email address will not be published.