BitPays Global Review – Legit Business or Scam? Find Out Here…
Welcome to my BitPays Global Review!
Maybe you have heard of BitPays Global before or maybe you are an avid MLM-er and want to check out new business opportunities, either way, welcome to my blog!
Researching business opportunities before investing is always good practice!
In this review I will go over the company, its products and its compensation plan.
So let’s get to it!
BitPays Global Review – The Company
I wasn’t able to find any information on the company website about who runs or owns BitPays Global.
I did find out that the website domain was registered on the August 2, 2016 under “bitpaysglobal.org.
With a Hong Kong address and only “Methew” listed as the owner, there doesn’t seem to be too much transparency.
With approximately 92.8% of all of the BitPays Global traffic originating from India, it seems likely that the person running the business is based in India.
BitPays Global Reviews – The Products
I discovered that BitPays Global does not offer any retail products or services.
Affiliates who join up are only able to market the BitPays Global affiliate membership.
The BitPays Global Compensation Plan
BitPays Global offers affiliates a compensation plan that includes a promised ROI based on an investment of up to $10,000.
- Invest $50 to $500 and get a 5% daily ROI for 45 days (225%)
- Invest $550 to 2000 and get a 6% daily ROI for 45 days (270%)
- Invest $2050 to $10,000 and get a 7% daily ROI for 45 days (315%)
I did find that in order for an affiliate to withdraw an ROI, they must reinvest the same amount that they initially invested.
There are also referral commissions that are paid out through a uni-level compensation structure.
What is a uni-level compensation structure?
It’s a structure that puts an affiliate at the top of a uni-level team that then puts every personally sponsored affiliate thereafter directly under them at level 1.
When these level 1 affiliates bring in new affiliates, they are put on level 2 of the first affiliate’s uni-level team.
This format continues down level 2 and level 3 and so on, down the number of needed levels.
The referral commissions are paid out to affiliates as a percentage of the amount that is invested by a uni-level team.
The number of levels that a BitPays Global affiliate can earn referral commissions on depends on how many affiliates they have brought in:
- Recruit 1 to 9 affiliates and earn 5% on level 1 (personally recruited affiliates)
- Recruit 10 to 99 affiliates and earn 10% on level 1 and 4% on level 2
- Recruit 100 to 999 affiliates and earn 10% on level 1, 4% on level 2, 3% on level 3 and 2% on level 4
- Recruit 1000 or more affiliates and earn 10% on level 1, 4% on level 2, 3% on level 3, 2% on level 4, 1% on level 5 and 0.5% on level 6 onward
Cost To Join BitPays Global
Currently, a BitPays Global affiliate membership costs between $50 to $10,000, depending on what kind of investment you want to make.
BitPays Global Review – The Verdict
There are just too many red flags with this company…
First there was a run around to find out who actually runs this business…
Second, there are making outrageous ROI claims with no proof of any external income sources coming into the company…
Third, investing up to $10,000 in a company that isn’t very transparent is a recipe for disaster…
Honestly, would you want to invest that kind of money in something that isn’t even proven?
I personally don’t recommend a company like this and if you joined already, what was your thought process?
Anyway, I hope you enjoyed my BitPays Global review and if you have any questions, leave them in the comments below…
Jesse’s Recommendation Pay Close Attention
If you already joined BitPays Global, this still applies to you because you should never put all your eggs in one basket.
After reviewing hundreds of companies and systems online…
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