PayNext Review – Legit Biz Op or Big Scam? Find Out Here…
Welcome to my PayNext Review!
There’s been quite a bit of buzz about this company lately, so I decided to take a closer look to see what it is all about.
The best way to choose a company to join is to make sure you do your research before jumping in.
This review on PayNext will help you do just that by digging up all the info you need about the company, the products and the compensation plan.
Let’s get into it!
PayNext Review – The Company
The PayNext website does not offer any information about the owners or operators of the company.
I dug around a bit and was able to find out that the PayNext website domain was registered privately as “paynext.io” on the 20th of November, 2017.
The current traffic estimates provided by Alexa show that India is the largest traffic source to the company website.
You will find that the website languages offered are English and Chinese.
This means that it is likely that whoever is running the company is doing so out of India or China.
PayNext Reviews – The Products
PayNext does not have any retail products or services for its affiliates to either buy themselves or sell to customers.
Affiliates looking to join PayNext can only market the affiliate membership.
PayNext Compensation Plan
In order to take part in the PayNext compensation plan, affiliates must invest in pre-generated PET points at a rate of 50 cents to $1.25 each.
Once the investment is made, affiliates are required to loan their PET points back to the company for a monthly ROI of up to 41%.
- Invest $100 to $1000 and receive a daily variable ROI for 295 days
- Invest $1010 to $5000 and receive a daily variable ROI plus 0.1% bonus daily ROI rate for 235 days
- Invest $5010 to $10,000 and receive a daily variable ROI plus 0.25% bonus daily ROI rate for 175 days
- Invest $10,100 to $100,000 and receive a daily variable ROI plus 0.35% bonus daily ROI rate for 110 days
- Invest $100,001 or more and receive a daily variable ROI plus 0.45% bonus daily ROI rate for 89 days
Referral commissions are paid to affiliates through a unilevel compensation structure.
This type of compensation structure puts an affiliate at the top of a unilevel team, which then places every personally sponsored affiliate right under them on level 1.
When a level 1 affiliate sponsors new affiliates, they are put on the 2nd level of the original affiliate’s unilevel team.
When a level 2 affiliate sponsors new affiliates, they are put on the third level, and level creation continues on in this manner down as many levels as are needed.
Referral commissions are paid out as a percentage of the funds that affiliates have invested:
- Level 1 (personally sponsored affiliates) – 9%
- Level 2 – 3%
- Level 3 – 2%
- Level 4 – 1%
- Level 5 – 0.5%
- Level 6 – 0.3%
- Level 7 – 0.2%
- Level 8 – 0.1%
- Level 9 – 0.05%
- Level 10 – 0.03%
- Level 11 and deeper – 0.01%
Cost To Join PayNext
The cost to join PayNext as an affiliate is free, but any affiliates who choose the free membership are only able to earn referral commissions.
In order to fully participate in the PayNext income opportunity, affiliates must invest a minimum of $100.
Verdict on PayNext
Alright, so we made it to the end of my review, and now it’s time for my final verdict…
And that is that I don’t think this company is 100% legit…
The company claims to bring in external ROI revenue through “arbitrage and AI trading technology in cryptocurrency market” [sic].
But where is the evidence that this company is even engaging in arbitrage and/or trading?
There isn’t any.
So, as we’ve seen so many times before, the only real source of income that we can verify is the new affiliate investments…
Taking newly invested funds from new affiliates to pay existing affiliates is the definition of a Ponzi scheme.
What happen is the owners (usually anonymous) sell worthless pre-generated points for real money…
They then use this money to pay out their ROIs…and this works as long as new affiliates continue to sign up.
But once the sponsorship pool dries up…so will the funds to pay their ROIs.
Once the company is no longer profitable, the owners will take whatever is left and run…
It seems like the company may already be in trouble, as we can see in this website message:
“Paynext’s internal exchange is in trouble, and we are trying to deal it quickly and will reopen the exchange as soon as possible.
We will notify you the exact time later.”
Once this company collapses, the owners will take their profits and leave affiliates high and dry…
My advice? Be careful if you are considering investing with this company, as you may lose your money…
I hope you enjoyed my PayNext review and if you have any questions, please leave them in the comments below…
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