3pexcel offers no information on their web page about who owns or runs the enterprise.
The 3pexcel web page space (“3pexcel.com”) was privately registered on July twenty fourth, 2017.
The footer of the 3pexcel web page advises the company is ‘a member of Xeap Group Inc.‘
Xeap Group is included in California inside the US.
Upon visiting the 3pexcel web page for the first time visitors are required to resolve on a country. Nigeria is equipped on the excessive of the guidelines and is separated from the other alternatives. An organization take care of in Port Harcourt, Nigeria will be equipped on the 3pexcel web page.
Every counsel 3pexcel is being operated from Nigeria itself. As far as I can inform Xeap Group is nothing better than an offshore shell agency.
As on a regular basis, if an MLM agency is not overtly upfront about who’s working or owns it, assume prolonged and laborious about turning into a member of and/or handing over any money.
3pexcel Merchandise
3pexcel has no retailable companies or merchandise, with associates solely able to market 3pexcel affiliate membership itself.
3pexcel associates are given entry to on-line reductions (e-commerce, flights, resorts, cell phone plans) and an offline low price card.
3pexcel state their loyalty card is a ‘purchaser or membership card that is used for identification features in companion retailers‘.
The 3pexcel Compensation Plan
3pexcel associates pay N30,000 (~$82.50 USD) to hitch the company. Commissions are paid after they recruit others who do the similar.
For each affiliate recruited, a 3pexcel affiliate earns N20,000 (~$55 USD).
Residual Recruitment Commissions
3pexcel pays residual recruitment commissions by the use of a six-tier 2×2 matrix cycler.
A 2×2 matrix places a 3pexcel affiliate on the excessive of a matrix, with two positions straight beneath them:
These two positions sort the first stage of the matrix. The second stage of the matrix is generated by splitting these first two positions into one different two positions each (4 positions).
Positions inside the matrix are stuffed by the use of direct and indirect recruitment of 3pexcel associates.
As quickly as all six positions in a matrix are stuffed, a “cycle” occurs.
A cycle sees a cycle charge paid out and the place on the excessive of a matrix “biking” into the following cycler tier.
Cycle commissions all through 3pexcel’s six matrix cycler tiers are as follows:
- Stage 1 (positions value N30,000) – N80,000 cycle charge ($220 USD) and cycles into Stage 2
- Stage 2 – N120,000 cycle charge ($330 USD) and cycles into Stage 3
- Stage 3 – N400,000 cycle charge ($1100 USD) and cycles into Stage 4
- Stage 4 – N2,000,000 cycle charge ($5502 USD) and cycles into Stage 5
- Stage 5 – N8,000,000 cycle charge (~$22,000 USD) and cycles into Stage 6
- Stage 6 – N20,000,000 cycle charge (~$55,000 USD)
Observe that from Stage 3, 3pexcel associates can solely advance if each of the six associates in earlier tier matrix they cycled out of have moreover cycled into their current cycler tier.
I.e. Sooner than a 3pexcel affiliate can cycle out of Stage 3, each of the six associates of their earlier Stage 3 matrix might want to have moreover cycled into Stage 3.
Further Cycle Bonuses
3pexcel reward associates with the following further cycle bonuses from Stage 3:
- cycle out of Stage 3 and procure “electronics”
- cycle out of Stage 4 and procure an “worldwide journey”
- cycle out of Stage 5 and procure a “sports activities actions utility automobile”
- cycle out of Stage 6 and procure a “semi detached duplex”
Turning into a member of 3pexcel
3pexcel affiliate membership is N30,000 (~$82.50 USD).
Conclusion
Irrespective of legitimacy the low price side of 3pexcel has is undone by the company’s recruitment focused compensation plan.
Sooner than we get into the compensation plan, I’ll discover that the net low price suppliers equipped by 3pexcel appear to all be by the use of third-parties.
The net shopping for portal runs on PrestaShop, a freemium e-commerce platform. Objects inside the portal appear to be dropshipped.
The flights are handled by the use of VacationsCMS, a European journey low price portal provider.
As 3pexcel themselves advise;
In case you do not refer people, you do not earn.
The fraudulent nature of 3pexcel’s compensation plan is two-fold.
The first is pyramid recruitment. 3pexcel associates pay a cost and receives a fee to recruit others who do the similar.
Nothing is marketed or purchased to retail shoppers inside the course of, with 100% of MLM commissions paid out by 3pexcel tied to recruitment.
The second is a outcomes of the matrix cycler model used.
In affect, 3pexcel associates make investments N30,000 on the promise of an marketed ROI of as a lot as N30,520,000 (all six cycler commissions).
The ROI is paid out of subsequently recruited funds, together with a Ponzi layer to the scheme.
Every parts of 3pexcel depend upon infinite affiliate recruitment, which is unsustainable.
As quickly as affiliate recruitment inevitably dies down, 3pexcel will collapse.
The arithmetic behind pyramid and Ponzi schemes ensures that after they collapse, almost all of members lose money.