Beware of Paymoney – Review

There is no ownership or company information available on the Pay money website.

Pay money gives information about Pay money Digital LTD’s UK incorporation to seem reputable.

An MLM firm that is based in the UK or that makes that claim should raise red flags.

The UK offers incredibly inexpensive and essentially unrestricted incorporation. Additionally, the FCA, the UK’s leading financial regulator, does not actively combat securities fraud associated with MLM.

As a result, scammers seeking to establish, run and publicize fictitious businesses frequently choose the UK as their preferred country.

Incorporation in the UK or registration with the FCA has no significance for MLM due diligence.

At the time of publishing, Alexa lists Thailand as the sole significant country for website traffic to Pay money (57%).

The current domain name for Paymoney’s website (“pay money. digital”) was privately registered in July 2021.

Paymoney.io, which is said to have been bought in November 2021, was used to begin the business. It’s unclear why Paymoney’s. IO domain was dropped.

There is a dedicated YouTube channel for Pay money. However, the company’s promotional movies are just voiceovers over stock material.

Always consider joining and/or giving any money to an MLM firm very carefully if it is not transparent about who owns or runs it.

Products from Pay money

Pay money does not offer any resaleable goods or services.

The only thing affiliates may promote is the Pay money affiliate membership itself.

The Compensation Plan for Pay money

Investing in bitcoin or litecoin through Pay money affiliates, who deliver the profits they advertise:

$150 invested will yield $37 per month, $300 invested will yield $75 per month, $500 invested will yield $125 per month, $1000 invested will yield $250 per month, $2500 invested will yield $625 per month, and $5000 invested will yield $1250 per month.

Spend $10,000 and get $2500 per month Spend $20,000 and earn $5000 every month Spend $50,000 and earn $10,000 per month

If you invest $100,000, you’ll get $20 every month; if you invest $200,000, you’ll get $40 per month.

Be aware that the Pay money BackOffice offers investment possibilities of $250,000, $500,000, and $1,000,000. These are different from the compensation documents provided by the firm (quoted above).

Returns are paid via Pay money every day, Monday through Saturday. Each investment tier has a 200% cap.

Reinvestment at the same tier or above is necessary to continue earning once 200% has been obtained.

Be aware that Pay money only permits withdrawal requests on Fridays and assesses a 10% withdrawal fee.

Paymoney’s MLM division compensates for the acquisition of affiliate investors.

You should be aware that Pay money caps daily earnable commissions at the investment level an affiliate has chosen.

For instance, Pay money affiliates who invest at the $2500 tier are only eligible to get MLM commissions of up to $2500 every day.

Advisory Commissions

15% of bitcoin investments made by individually recruited affiliates go to Pay money affiliates.

Recurring Commissions

Pay money uses a binary compensation mechanism to pay residual commissions.

An affiliate is positioned at the head of a binary team that is divided into two sides (left and right) by a binary remuneration structure:

The binary team’s initial level has two slots. These initial two places are divided into another two positions each to create the second level of the binary team (4 positions).

The binary team is formed in stages, with each stage containing twice as many slots as the preceding stage.

Direct and indirect affiliate recruiting is used to fill positions on the binary team. The depth to which a binary team can expand is unbounded.

Pay money totals the new investment volume on both sides of the binary team after the day.

Affiliates receive 10% of bitcoin investments made on the side of their inferior binary team.

Volume is matched against the stronger binary team side and flushed after being paid out on.

Recruitment Bonuses Bonus 1: A Pay money associate receives a “deluxe bag” or $3500 if they bring in six affiliates with a $5000 investment tier.

Bonus 2: A Pay money associate will earn a Rolex watch or $8000 if they refer ten $10,000 investment tier affiliates.

Bonus 3: A BMW or $30,000 is awarded to a Pay money affiliate who has four personally recruited members who meet the requirements for Bonus 2.

Bonus 4: A Mercedes Benz or $55,000 is awarded to a Pay money affiliate who has two personal recruits who meet the requirements for Bonus 3.

It costs nothing to become a Pay money associate member.

Investments in bitcoin or litecoin totaling at least $150 are required to fully participate in the linked income opportunity.

Paymoney’s Verdict

Pay money claims to collect outside revenue via a variety of tricks:

There is no proof that Pay money generates outside revenue in any way, including the ones mentioned.

Furthermore, Pay money is not registered with financial regulators in any country, even though it is presenting a passive investment option.

This indicates that Pay money is, at the very least, engaging in securities fraud.

Currently, fresh investments are the only verified source of income entering Pay money.

Pay money is a Ponzi scam since it pays rewards via new investments.

As with all MLM Ponzi scams, the fresh investment will cease as soon as affiliate recruiting does.

As a result, Pay money will eventually fail from a lack of ROI income.

Be on the lookout for Paymoney’s last-ditch attempt to rob you using useless NFTs.

The mathematics behind Ponzi schemes ensures that when they fail, the majority of investors lose money.

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