Midasama Review – Legit Passive Income Business or Big Scam?
Welcome to my Midasama Review!
Have you been searching for an online company to join, but you just don’t know where to start?
Determining which companies are legit and which ones aren’t can be difficult, but that’s why I’m here!
In this review, I will provide with you information about the company’s history, products, compensation plan, and cost to join.
So, let’s dive in!
Midasama Review – The Company
Well, the first thing I noticed was that the Midasama website doesn’t offer any information in regards to who owns or operates the company.
I did find out that the Midasama website domain was registered privately as “midasama.com” in 2016 and was updated most recently on the 28th of May, 2019.
A little digging and I was able to find that a “Morgan Matthews” is listed as a “business director” and “associate partner” of Midasama.
Aside from marketing material straight from Midasama, I couldn’t find anything about Matthews.
The one thing I did discover is that before Matthews, Midasama used an individual named “Edward Fox” as the face of the company.
It seems that this Morgan Matthews person only makes appearances at promotional events.
At the current time this blog was published, Alexa identified that 84% of traffic to the company website comes out of Malaysia.
What this means is that whoever is running Midasama is likely based out of Malaysia.
Midasama Reviews – The Products
Midasama has no retail products or services currently on offer.
Affiliates who join simply market the Midasama affiliate membership.
The Midasama Compensation Plan
To participate in the attached compensation plan, affiliates must sign up and invest funds for monthly returns of up to 20%.
There are 5 package price-points:
Midasama claims to offer a consistent 15% monthly return, split 60% between the affiliate and the company.
Midasama Affiliate Ranks
The Midasama compensation plan features 6 affiliate ranks.
Each has its own qualification criteria, which is as follows:
- Manager – Sign up and invest $1000
- Senior Manager – Invest $5000 or sponsor three Managers
- Director – Invest $10,000 or sponsor three Senior Managers
- Diamond – Sponsor three Director ranked affiliates and generate $300,000 in total downline investment (max $100,000 from any one unilevel leg)
- Gold Diamond – Sponsor three Diamond ranked affiliates and generate $1,500,000 in total downline investment (max $500,000 from any one unilevel leg)
- Black Diamond – Sponsor three Gold Diamonds and generate $6,000,000 in total downline investment (max $2,000,000 from any one unilevel leg)
Residual commissions are tracked and paid through a unilevel compensation structure.
The unilevel compensation structure puts an affiliate at the top of a unilevel team that places every personally sponsored affiliate immediately under them on level 1.
When level 1 affiliates sponsor new affiliates, they are put on the 2nd level of the original affiliate’s unilevel team.
When level 2 affiliates sponsor new affiliates, they are put on the 3rd level, and this continues on down as many levels as are needed.
Payable unilevel team levels are capped at nine.
Residual commissions are calculated as a percentage of returns paid to unilevel team affiliates throughout these 9 levels like so:
- Managers earn 30% on level 1 (personally sponsored affiliates), 15% on level 2 and 10% on level 3
- Senior Managers earn 30% on level 1, 15% on level 2, 10% on levels 3 and 4 and 3% on levels 5 and 6
- Directors and higher earn 30% on level 1, 15% on level 2, 10% on levels 3 and 4, 3% on levels 5 to 7 and 2.5% on levels 8 and 9
Midasama offers something called the Infinity Bonus, but beyond the name there aren’t many details.
It seems to starts at the Diamond rank and looks to be generation based (three generations).
- Diamonds earn 3% on up to three generations
- Gold Diamonds earn 3% and 2% on up to six generations
- Black Diamonds earn 3% and 2% on up to nine generations
But as I said, I couldn’t really verify this, so take it with a grain of salt.
Cost to Join Midasama
The cost to join Midasama as an affiliate is a minimum investment of $1000.
Verdict on Midasama
Okay, now it’s time for my final verdict…
There are two red flags with this company…
The first is the fact that it offers passive income, which means it is offering securities.
To offer securities, a company must be registered with the proper authorities, of which Midasama offers no proof that they are.
The second red flag is the fact that this company has no real products or services to offer.
This means that not only is this company in Ponzi territory with the securities, but now it is entering pyramid scheme territory.
The truth is the only verifiable source of revenue coming into the company is from new affiliates, so when recruitment dies down so will payouts.
So, my advice here is to keep your money for another opportunity.
Thanks for reading my Midasama review! Feel free to leave a comment or question down below…
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