QuickSilver Review – Legit Coin Business or Huge Scam?
Welcome to my QuickSilver Review!
Have you been searching for an online business to join, but you’re overwhelmed with all the choices out there?
Maybe you’ve already heard of this company and you want to know more…
In my review, I will go over this company’s background, products, compensation plan, and cost to join.
Let’s get to it!
QuickSilver Review – The Company
If you check out the QuickSilver website, you will find that there is no info on who runs company.
The Quicksilver website domain was registered as “quicksilver.me” in December 2018.
While Quick Silver Global LLC is listed as the owner, it seems that a UPS store address in Florida was used during registration.
A bit of research linked affiliates of QuickSilver with another company called Mint Builder.
Mint Builder was a spinoff of ISN Coins, and QuickSilver seems to be a third attempt to relaunch the company.
QuickSilver Reviews – The Products
QuickSilver affiliates are given access to an online storefront, where they can sell coins to retail customers.
The QuickSilver Compensation Plan
Once a QuickSilver affiliate signs up, they must choose one of three autoship options.
- Option 1 – Two coins a month on autoship for $42.30
- Option 2 – A Premium Challenge Package plus four coins a month on autoship for $233.60
- Option 3 – A Premium Challenge Package plus ten coins a month a on autoship for $360.50
In order to determine cost of the autoship, each coin costs $21.15 on autoship.
For an affiliate to qualify for MLM commissions, they are required to buy or sell a minimum of one coin a month.
Affiliates earn commissions on both retail customers and sponsored affiliates on autoship.
Retail autoship and sponsorship autoship commission rates are attached to “personal points”.
Every time a Premium Challenge Pack is purchased by a retail customer or sponsored affiliate, the referring affiliate accumulates 40 points.
Every coin that a Quicksilver affiliate purchases themselves accumulates 10 points.
- If a QuickSilver affiliate accumulates 40 points a month, they receive $20 per Premium Challenge Package sold to retail customers or purchased by a sponsored affiliate
- If a QuickSilver affiliate accumulates 100 personal points a month, they receive $50 per Premium Challenge Pack sold to retail customers or purchased by a sponsored affiliate
Premium Challenge Packages are only available in affiliate autoship options 2 and 3.
Residual Premium Challenge Pack Commissions
For a QuickSilver affiliate to qualify for residual Premium Challenge Pack commissions, they are required to sell 2 Premium Challenge Packs to affiliates and/or personally sponsored affiliates within the first 90 days of their membership.
QuickSilver affiliates who qualify and have
- 40 personal points a month will earn $10 for each Premium Challenge Pack their personally sponsored affiliates sell to retail customers or sponsored affiliates
- 100 personal points a month will earn $20 for each Premium Challenge Pack their personally sponsored affiliates sell to retail customers or sponsored affiliates
Residual commissions are tracked and paid through a binary compensation structure.
A binary compensation structure puts an affiliate at the top of a binary team that divides into and left and right side.
Level one of the binary team holds 2 positions and level two is created by dividing these first 2 positions into another 2 positions each, for a total of 4 positions.
Additional binary team levels are made as needed, with every new level holding twice as many positions as level before it.
Binary team positions are filled through direct and indirect sponsorship of affiliates, with no limit as to how far the team can grow.
Residual commissions are attached to points, meaning affiliates accumulate 10 points for every coin they purchase or sell every month.
When 100 points is matched on each side of the binary team, affiliates earn a $10 residual commission.
Cost to Join QuickSilver
The cost to join QuickSilver as an affiliate is $20 and then $9.97 a month.
Affiliates will find a signup page that will require them to choose one of three autoship options:
- Option 1 – $42.30 a month
- Option 2 – $233.60 and then $84.60 a month
- Option 3 – $360.50 and then $211.50 a month
Verdict on QuickSilver
Okay, let’s get to the final verdict…
So, the biggest problem this company has is the simple fact that there really isn’t any retail interest in silver coins.
ISN Coins and Mint Builder had the exact same problem, and while both those companies are still technically active, they are all but collapsed.
The truth is, outside of sponsoring new affiliates who are forced into an autoship option, there just isn’t any retail side to this business.
Which means that once sponsorship dies down, so will any income that affiliates are earning.
Unfortunately, I just don’t see this company as being a viable option in the long-term.
Thanks for reading my QuickSilver review! Feel free to leave a comment or question down below…
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