Paymara gives no info on its web site about who owns or runs the corporate.
Paymara’s web site area (“paymara.com”), was first registered in 2014.
The non-public registration was final up to date on March 1st, 2022.
By way of the Wayback Machine we will see Paymara’s web site area was on the market. The present homeowners took possession of it in late 2021.
On Paymara’s official YouTube channel, “Candace Ava Fiorina” is offered as its CEO.
Fiorina doesn’t exist exterior of Paymara. It’s the same old Boris CEO affair; an actor, rented workplace, firm flags and so on.
Different actors utilized by Paymara embrace “Joseph McCareins“:
And “Colin Robertson“:
Boris CEO schemes are usually the work of Ukrainian/Russian scammers. Though we have now seen just a few south-east Asian clones pop up not too long ago.
Nonetheless I used to be capable of tie Paymara to Russian scammers by way of the corporate’s “workforce” web page:
So far as I can inform this web page isn’t linked off Paymara’s different web site pages. That’s in all probability as a result of it’s filled with stolen pictures.
One different fascinating factor to notice is Paymara’s internet server is working off Indian time:
It seems Russians employed Indian devs to place Paymara’s web site collectively.
In an try to seem professional, Paymara gives shell firm incorporation particulars for the US and Canada.
Paymara International LLC is integrated in New Jersey. Paymara International Inc. is integrated in Canada.
For the aim of MLM due-diligence, primary incorporation anyplace is meaningless.
Supplementing Paymara’s shell incorporations is a random company handle within the UK. This seems to be an try to lend credibility to the actor taking part in Candace Ava Fiorina, as she speaks with a British accent.
Alexa presently ranks tops sources of visitors to Paymara’s web site as Canada (39%), Vietnam (35%) and Pakistan (8%).
As all the time, if an MLM firm will not be brazenly upfront about who’s working or owns it, assume lengthy and onerous about becoming a member of and/or handing over any cash.
Paymara’s Merchandise
Paymara has no retailable services or products.
Associates are solely capable of market Paymara affiliate membership itself.
Paymara’s Compensation Plan
Paymara associates make investments cryptocurrency on the promise of marketed returns:
- Package deal 1 – make investments $50 to $9999 and obtain 1.5% a day
- Package deal 2 – make investments $10,000 to $29,999 and obtain 1.75% a day
- Package deal 3 – make investments $30,000 to $49,999 and obtain 2% a day
- Package deal 4 – make investments $50,000 to $99,999 and obtain 2.25% a day
- Package deal 5 – make investments $100,000 to $200,000 and obtain 2.5% a day
Day by day returns look like paid for 200 days.
Notice that Paymara fees a ten% payment on all withdrawals.
The MLM facet of Paymara pays on recruitment of affiliate traders.
Referral Commissions
Paymara pays a referral fee on crypto invested by personally recruited associates.
Referral fee charges are decided by how a lot an affiliate themselves has invested:
- Package deal 1 tier associates obtain an 8% referral fee fee
- Package deal 2 tier associates obtain a 9% referral fee fee
- Package deal 3 tier associates obtain a ten% referral fee fee
- Package deal 4 tier associates obtain an 11% referral fee fee
- Package deal 5 tier associates obtain a 12% referral fee fee
Residual Commissions
Paymara pays residual commissions by way of a binary compensation construction.
A binary compensation construction locations an affiliate on the prime of a binary workforce, cut up into two sides (left and proper):
The primary degree of the binary workforce homes two positions. The second degree of the binary workforce is generated by splitting these first two positions into one other two positions every (4 positions).
Subsequent ranges of the binary workforce are generated as required, with every new degree housing twice as many positions because the earlier degree.
Positions within the binary workforce are crammed by way of direct and oblique recruitment of associates. Notice there isn’t a restrict to how deep a binary workforce can develop.
On the finish of every day Paymara tallies up new funding quantity on each side of the binary workforce.
Associates are paid a share of funds generated on their weaker facet, once more primarily based on how a lot they themselves have invested:
- Package deal 1 tier associates earn an 8% residual fee fee, capped at $2000
- Package deal 2 tier associates earn a 9% residual fee fee, capped at $3000
- Package deal 3 tier associates earn a ten% residual fee fee, capped at $5000
- Package deal 4 tier associates earn an 11% residual fee fee, capped at $8000
- Package deal 5 tier associates earn a 12% residual fee fee, capped at $15,000
Coordinator Revenue
Coordinator Revenue seems to be a bonus referral fee fee.
Coordinator Revenue charges are decided by way of a separate set of rank-based qualification standards:
- Coordinator – recruit two associates and obtain a 2% Coordinator Revenue fee
- Crew Coordinator – recruit ten Coordinators and obtain a 5% Coordinator Revenue fee
- Nation Coordinator – recruit 100 Crew Coordinators and obtain a ten% Coordinator Revenue fee
- Group Coordinator – recruit 100 Nation Coordinators and obtain a 15% Coordinator Revenue fee
Elite Membership
Elite Membership seems to be a bonus residual fee, paid by way of a unilevel workforce as an alternative of a binary workforce.
A unilevel compensation construction locations an affiliate on the prime of a unilevel workforce, with each personally recruited affiliate positioned immediately below them (degree 1):
If any degree 1 associates recruit new associates, they’re positioned on degree 2 of the unique affiliate’s unilevel workforce.
If any degree 2 associates recruit new associates, they’re positioned on degree 3 and so forth and so forth down a theoretical infinite variety of ranges.
Paymara caps the Elite Membership at ten unilevel workforce ranges.
The Elite Membership is paid out as a share of funds invested throughout these ten ranges as follows:
- Coordinators earn 1% on degree 1 (personally recruited associates)
- Crew Coordinators earn 2% on ranges 1 and a couple of
- Nation Coordinators earn 3% on ranges 1 to five
- Group Coordinators earn 5% on ranges 1 to 10
See “Coordinator Revenue” above for rank qualification standards.
Becoming a member of Paymara
Paymara affiliate membership is free. Full participation within the hooked up earnings alternative requires a minimal $50 funding.
Notice how a lot a Paymara affiliate invests determines their earnings potential.
Paymara solicits funding in bitcoin, ethereum and tron.
Paymara Conclusion
Paymara affords up a typical MLM crypto Ponzi ruse:
The funding portfolio is managed by a workforce of skilled monetary specialists, skilled merchants, information analysts together with our automated buying and selling methods backed up by Synthetic Intelligence.
This actual textual content seems on quite a lot of rip-off web site, suggesting Paymara’s web site is constructed on a template.
Paymara affords up no proof it’s engaged in buying and selling or another exterior income exercise.
It ought to be apparent that there isn’t a buying and selling exercise. All Paymara is doing is recycling newly invested funds to pay current traders.
Utilizing newly invested funds to pay returns makes Paymara a Ponzi scheme.
The MLM facet of the enterprise provides a pyramid layer. Tying earnings potential to how a lot is invested is “pay to play”, a standard function of pyramid schemes.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
It will starve Paymara of ROI income, ultimately prompting a collapse.
The maths behind Ponzi schemes ensures that once they collapse, the vast majority of contributors lose cash.
Replace fifteenth Might 2022 – Paymara has collapsed. The scammers have rebooted the Ponzi scheme as Paymara Meta.