Bitcoin Instant Payment System Review – Legit Business or Big Scam?
Welcome to my Bitcoin Instant Payment System Review!
There has been some buzz about this company lately, so I decided to check it out for myself.
Chances are you have already been approached by someone about this company, but if this is your first time hearing about it, you want to know more, right?
Well, you are in the right place!
The aim of this blog is to provide you with all the information you need about the company background, the products and the compensation plan.
Let’s dig in!
Bitcoin Instant Payment System Review – The Company
First things first, the company website doesn’t provide any information about who owns or operates Bitcoin Instant Payment System.
However, I did find out that the Bitcoin Instant Payment System website domain was registered privately as “bitcoininstantpayment.com” on the 11th of March, 2017.
A little more digging uncovered two admins who run the official Bitcoin Instant Payment System Facebook group: Sükür Hassan and Andie Vincze.
Sükür Hassan’s account does not have any content and the Vincze account indicates that she has been involved in several MLM opportunities in the past.
It seems that Vincze is most likely an affiliate rather than admin, so she’s probably not the one running Bitcoin Instant Payment System.
I also noticed that the website template for Bitcoin Instant Payment System is identical to that of Global Bitcoin Profits, which is a bitcoin donation opportunity that was recently launched.
Whether the two companies are related is unknown.
Bitcoin Instant Payment System Reviews – The Products
Bitcoin Instant Payment System doesn’t have any retail products or services to offer retail customers or affiliates.
Affiliates who choose to sign up with Bitcoin Instant Payment System simply market the affiliate membership.
The Bitcoin Instant Payment System Compensation Plan
Affiliates who participate in the Bitcoin Instant Payment System compensation plan donate bitcoin to each other through a unilevel compensation structure.
This type of compensation structure puts an affiliate at the top of a unilevel team that places each personally sponsored affiliate right underneath them on level 1.
When a level 1 affiliate sponsors new affiliates, they are placed in the original affiliates unilevel team on level 2.
When a level 2 affiliates sponsors new affiliates, they are placed on level 3, etc.
Payable unilevel levels are capped by Bitcoin Instant Payment System at 8.
When a Bitcoin Instant Payment System affiliate starts out, they sign up and donate 0.01 BTC.
This initial donation is shared among eight upline affiliates, in addition to 2 payments that go to the admin.
Once this donation is made, it then qualifies an affiliate to get paid on donations that are made by affiliates who are sponsored into their unilevel team, down 8 levels of sponsorship.
Although it’s not clear, it’s likely that each 0.01 BTC donation is distributed equally (0.001 BTC).
Cost To Join Bitcoin Instant Payment System
The cost to join Bitcoin Instant Payment System as an affiliate is a 0.01 BTC donation.
Verdict on Bitcoin Instant Payment System
Yet another “donation” MLM popping up….
No real products or services to entice retail customers to buy and nothing real to offer affiliates…
The company relies on recruitment to keep the income rolling through their compensation plan…
But the only ones who really benefit from this type of structure is the higher ups and admins…
Once recruitment slows down, affiliates will start to see less and less income…
This is when people start to jump ship…
So, my advice is join at your own risk…
I hope you enjoyed my Bitcoin Instant Payment System review, and if you have any questions, please leave them in the comments below…
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