Coins N Dollars Review – Legit Company or Another Scam? Find Out Here…
Welcome to my Coins N Dollars Review!
I know coins and dollars are two things we all know about, but what we all may not know is what the company is doing with our coins and dollars once we hand them over??
This company recently came under my radar and I decided to examine what it was all about…
So, if you came in contact with someone marketing it or you have been thinking about joining this business opportunity, don’t do it JUST YET.
Make sure you read this blog post all the way through so you can make an informative decision with the info I’ll provide about the company’s history, products and compensation plan.
Let’s dig into it, shall we?
Coins N Dollars Review – The Company
The company has a website, but it does not state who owns it or who is running it either.
On the 13th of July ,2017, the company’s website domain “coinsndollars.com” was privately registered.
An individual by the name of Jack Browne is the only official Coins N Dollars Facebook group administrator.
Interestingly, a Jack Browne profile was made in May of 2016, but it offers no content other than a few different profile pictures.
Wow, well since there isn’t much to go on here, let’s move onto something else, shall we?
Coins N Dollars Reviews – The Products
The company has no retail products or services to offer its affiliates or retail customers.
Affiliates who sign up are only able to market the Coins N Dollars affiliate membership itself.
When affiliates are signed up, they are required to buy matrix cycler positions.
Every position bought comes bundled with advertising credits, which can be used online to display ads on the business’s website.
The Coins N Dollars Compensation Plan
The company asks affiliates to buy positions in a 5-tier, 2×2 matrix cycler at a cost of $29.
In a 2×2 matrix, an affiliate is put on top of a matrix structure, with two positions placed directly beneath them.
These two positions form Level 1 of the matrix structure and level 2 is made by dividing these two positions from level 1 into another two positions each (4 positions).
Once all 6 positions are filled with affiliates, a “cycle” occurs and commissions are paid out by the company to its affiliates.
The commissions spanning the company’s 5-tier matrix cycler are as follows:
- Tier 1 (positions cost ($29) – $90 commission and cycles into Tier 2
- Tier 2 – $180 commission and cycles into Tier 3
- Tier 3 – $270 commission and cycles into Tier 4
- Tier 4 – $360 commission and cycles into Tier 5
- Tier 5 – $450 commission and generates a new Tier 1 cycler position
There is a 10% Matching Bonus which is paid per tier when personally sponsored affiliates cycle out.
Cost To Join Coins N Dollars
The cost to join Coins N Dollars as an affiliate is FREE!!
However, it is asked that affiliates comply with purchasing at least one $29 cycler position to participate in the income opportunities presented by the company.
Verdict on Coins N Dollars
Overall, there is just a lot of red flags with Coins N Dollars.
First, they are not transparent on who runs the company and I had to do digging just to figure it out…
Second, they don’t have any retail products or services for sale…
And ad credits don’t count because companies like Traffic Monsoon was hit by the FTC a few years ago…
Personally, I wouldn’t recommend this company because they don’t have the long term in mind…
I hope you enjoyed my Coins N Dollars review and if you have any questions, please leave them in the comments below…
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