Paytron BTC Review – Legit Company or Huge Scam?
Welcome to my Paytron BTC Review!
Chances are you have already been approached by someone about this biz op and that’s why you are here.
Or perhaps you just stumbled upon this blog in your Google searches…
Either way, I’m glad you’re here!
With so many new MLM companies out there, it is important to do your due diligence by researching the company before signing up.
In this review, I will talk about the company’s background, products, compensation plan, and cost to join.
Let’s get to it!
Paytron BTC Review – The Company
The Paytron BTC website does not offer any information about who owns or operates the business.
A little more digging uncovered an official Paytron BTC YouTube channel, which features three marketing videos narrated by Johnny Ganoza.
A visit to Ganoza’s Facebook profile ‘Johnny Gan’ confirmed company ownership.
ohnny Ganoza has been linked to a variety of MLMs over the years, including:
- Xtreme Pro System (2014)
- Average Joe Profit System (2015)
- PowerPost Profits (2015)
- The PLR System (2015)
- The $100 System (2016)
- Post 2 Profits (2017)
- Hustle With Us (2017)
- BitPayProfits (2017)
- Infinity Loops (2018)
Many of the above companies seemed to have collapsed not too long after launch.
Paytron BTC Reviews – The Products
Paytron BTC has no retail products or services for affiliates to purchase or sell.
Affiliates who sign up can only market the Paytron BTC affiliate membership.
The Paytron BTC Compensation Plan
Paytron BTC affiliates are required to pay $40 for one position in two 2×2 matrix cyclers.
A 2×2 matrix puts an affiliate at the top of a matrix that has two positions right underneath them.
These 2 positions make up the 1st level of the matrix and the 2nd level of the matrix is made by dividing these first 2 positions into another 2 positions each, for a total of 4 positions.
Of the two matrices that a Paytron BTC affiliate buys into, one is filled based on upline/and downline sponsorship and the other one is filled based on company-wide sponsorship efforts.
Commissions are earned based on filling both matrices up.
As matrix positions are filled through direct and indirect sponsorship, commissions are earned and paid.
When all of the positions in a matrix are filled, a cycle occurs pushing a position into the next tier of the cycler.
Both cyclers contain 5 tiers.
Cycler commissions are the same in both cyclers and are paid out like so:
- Tier 1 – $30 commission and cycles into Tier 2
- Tier 2 – $100 commission and cycles into Tier 3
- Tier 3 – $200 commission and cycles into Tier 4
- Tier 4 – $400 commission and cycles into Tier 5
- Tier 5 – $1550 commission and generates a new Tier 5 cycler position
Cost to Join
The cost to join this company as an affiliate is $50.
$40 is used for two $20 cycler positions and the left over $10 is an admin fee.
All payments made within this company are done in bitcoin.
Okay, so now it’s time for a final verdict…
There are a couple of things about this company that got me thinking…
The first is that Paytron BTC refers to itself as a crowdfunding platform that accepts donations…
The problem with this wording is that the very definition of donation means that there are no strings attached and nothing is expected in return.
But this company requires its affiliates to “donate” in order to become part of the compensation plan.
The Paytron BTC business model depends upon investment coming in so it can pay commissions back to those who recruit.
This is what is known as a Ponzi scheme, and not exactly legal.
And with most businesses that follow this model, once recruitment slows down, so will the money.
So, my advice here is to hold on to your investment and wait for a better opportunity!
Thanks for reading my Paytron BTC review! Feel free to leave a comment or question down below…
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