Paybit Membership supplies no details about who owns or runs the corporate on its web site.
Paybit Membership’s web site area (“paybitclub.com”) was registered on February 4th, 2020.
Paybit Advertising is listed because the proprietor by way of an Arizona suite tackle. The identical tackle is offered on Paybit Membership’s web site.
A number of companies seem to make use of the identical tackle, suggesting it’s digital in nature.
A number of Paybit Membership advertising and marketing movies on YouTube characteristic Jairo Flores. In offsite advertising and marketing, Flores (proper) is cited as certainly one of Paybit Membership’s founders.
Previous to founding Paybit Membership, Flores was selling a pores and skin cream on Fb known as Vit Pura. I wasn’t in a position to verify whether or not there was a enterprise alternative hooked up.
MLM schemes I used to be in a position to verify Flores promoted prior to now embrace Mind Abundance, Lucrazon International and Epic Gasoline Tabs.
Learn on for a full overview of Paybit Membership’s MLM alternative.
Paybit Membership’s Merchandise
Paybit Membership markets a cryptocurrency ecommerce platform. The service is meant to be pitched at retailers, who can even “settle for bitcoin” by way of on location units.
The one payment disclosed in Paybit Membership’s advertising and marketing is a 2% transaction payment.
Any service provider prices related to Paybit Membership’s ecommerce platform are unclear.
Paybit Membership’s Compensation Plan
Paybit Membership’s compensation plan mixed ecommerce platform commissions with affiliate recruitment.
Ecommerce Commissions
Paybit Membership associates obtain a 5% fee on merchandise bought by way of their replicated ecommerce platform.
Service provider Commissions
If an affiliate indicators up a service provider who whitelabels Paybit Membership’s ecommerce platform, they obtain a $62.50 fee.
$6.25 a month is paid out so long as the service provider continues to make use of PayBit Membership’s platform.
Transaction Commissions
PayBit Membership associates earn commissions on cryptocurrency transaction processed for retailers they refer.
Transaction fee charges are decided by how a lot a Paybit Membership spent once they signed up:
- Starters obtain 0.1%
- Newbies obtain 0.25%
- Amateurs obtain 0.37%
- Companions and better obtain 0.5%
Transaction commissions are paid on every service provider account till ‘3x the worth of the account that’s added to the earnings of community commissions.’
Recruitment Commissions
Paybit Membership associates earn 50% of gross sales quantity (BV) generated by associates they recruit.
- recruitment of a Starter affiliate generates 12.5 BV
- recruitment of a Beginner affiliate generates 25 BV
- recruitment of an Beginner affiliate generates 62.5 BV
- recruitment of a Accomplice affiliate generates 125 BV
- recruitment of a Supervisor affiliate generates 250 BV
- recruitment of a Director affiliate generates 500 BV
- recruitment of a Founder affiliate generates 2500 BV
Residual Recruitment Commissions
Paybit Membership pays residual commissions by way of a binary compensation construction.
A binary compensation construction locations an affiliate on the high of a binary staff, cut up into two sides (left and proper):
The primary degree of the binary staff homes two positions. The second degree of the binary staff is generated by splitting these first two positions into one other two positions every (4 positions).
Subsequent ranges of the binary staff are generated as required, with every new degree housing twice as many positions because the earlier degree.
Positions within the binary staff are crammed by way of direct and oblique recruitment of associates. Be aware there isn’t a restrict to how deep a binary staff can develop.
Every day Paybit Membership tallies up affiliate membership charges paid throughout either side of the binary staff.
Associates are paid 20% of charges paid on their weaker binary staff facet, capped each day based mostly on paid affiliate membership charges:
- Starters can earn as much as $25 a day
- Newbies can earn as much as $50 a day
- Amateurs can earn as much as $125 a day
- Companions can earn as much as $250 a day
- Managers can earn as much as $500 a day
- Administrators can earn as much as $1000 a day
- Founders can earn as much as $5000 a day
Matching Bonus
Paybit Membership associates earn a 20% Matching Bonus on residual recruitment commissions earned by personally recruited associates.
Pool Bonus
Paybit Membership costs retailers a 2% payment on each transaction made by way of their platform.
50% of that 2% payment is positioned into the Pool Bonus.
Paybit Membership shares the Pool Bonus with associates who join with Supervisor and better priced membership choices.
The Pool Bonus is cut up into three swimming pools:
- a 25% pool is shared between Managers, Administrators and Founders
- a 35% pool is shared between Administrators and Founders
- a 40% pool is shared between Founders
Along with rank qualification, Pool Bonus qualification requires enrollment of 1 service provider who has processed $100 in bitcoin transactions.
Be aware that the Pool Bonus is paid till associates have recovered 150% of what they paid in membership charges.
Rank Achievement Bonus
Paybit Membership rewards associates who qualify at Bronze and better with the next Rank Achievement Bonuses:
- Bronze (generate 5000 GV in collected weaker binary staff facet quantity) – obtain a pin
- Silver (generate 15,000 GV in collected weaker binary staff facet quantity) – obtain an “award”
- Platinum (generate 50,000 GV in collected weaker binary staff facet quantity) – obtain $500 for a “new iPad”
- Gold (generate 100,000 GV in collected weaker binary staff facet quantity) – obtain $2000 for a “new MacBook Professional”
- Zaffii (generate 250,000 GV in collected weaker binary staff facet quantity) – obtain $10,000 to buy on “luxurious accent [sic]
- Ruby (generate 500,000 GV GV in collected weaker binary staff facet quantity) – obtain $20,000 to fund a “journey to your vacation spot of selection”
- Emerald (generate 1,000,000 GV in collected weaker binary staff facet quantity) – obtain $35,000 to buy a “Honda Accord or related”
- Diamond (generate 2,500,000 GV in collected weaker binary staff facet quantity) – obtain $70,000 to buy a “Mercedes or related”
- Blue Diamond (generate 5,000,000 GV in collected weaker binary staff facet quantity) – obtain $150,000 to buy a “Maserati or related”
- Black Diamond (generate 20,000,000 GV in collected weaker binary staff facet quantity) – obtain a “absolutely paid house” price as much as $1,000,000
- Ambassador (generate 50,000,000 GV in collected weaker binary staff facet quantity) – obtain a share in 10% of Paybit Membership’s internet earnings “for all times”
GV stands for “Group Quantity” and is gross sales quantity generated by affiliate membership charges.
Becoming a member of Paybit Membership
Paybit Membership affiliate membership prices between $25 and $5000.
- Starter – $25
- Beginner – $50
- Beginner – $125
- Accomplice – $250
- Supervisor – $500
- Director – $1000
- Founder – $5000
The extra a Paybit Membership affiliate pays in membership charges the upper their earnings potential.
Be aware that there’s additionally a free affiliate membership choice, nevertheless that is locked out of the MLM earnings alternative.
Conclusion
The essential thought behind Paybit Membership is the creation of a service provider and buyer funded cryptocurrency ecommerce platform.
Jairo Flores started selling Paybit Membership in late March:
Virtually three months later, how’s that figuring out?
As I write this the “advertising and marketing” part of Paybit Membership’s web site is damaged (CSS design issues).
Nonetheless, what we are able to see it’s populated with
- two health and beauty merchandise
- 4 craft merchandise and
- 4 house and backyard merchandise
The health and beauty merchandise are Vita Pura, the identical model Jairo Flores was flogging on Fb this time final yr.
Craft merchandise are placeholders full with latin placeholder textual content:
The house and backyard merchandise are all Emporio Cookware, which might be bought on the similar value from the corporate’s personal web site.
By any metric Paybit Membership’s ecommerce platform is a flop. If we low cost any ecommerce platform associated commissions, Paybit Membership is working as a pyramid scheme.
You join, pay a payment and receives a commission to recruit others who do the identical.
Limiting earnings based mostly on membership charges paid is “pay to play”, a standard pyramid scheme basis.
With the ecommerce platform having flopped, Paybit Membership will collapse when affiliate recruitment slows down.
The mathematics behind pyramid schemes ensures that almost all of contributors won’t recoup charges paid.