Recharge and Get Paid operates within the ecommerce MLM area of interest.
The corporate seems to be based mostly out of Nigeria, nevertheless no possession particulars are supplied on Recharge and Get Paid’s web site.
Recharge and Get Paid’s web site area (“rechargeandgetpaid.com”) was initially registered in 2015. The area registration particulars have been final up to date on October twenty seventh, 2019.
No possession particulars are supplied within the area registration.
As at all times, if an MLM firm will not be brazenly upfront about who’s working or owns it, assume lengthy and arduous about becoming a member of and/or handing over any cash.
Recharge and Get Paid’s Merchandise
Recharge and Get Paid has no retailable services or products, with associates solely in a position to market Recharge and Get Paid affiliate membership itself.
Recharge and Get Paid’s web site means that varied service recharge playing cards is perhaps bundled with affiliate membership. No particular particulars nevertheless are supplied.
Recharge and Get Paid’s Compensation Plan
Recharge and Get Paid associates buy positions in a 3×10 matrix. Commissions are paid once they recruit others who do the identical.
All in all there are seven tiers of three×10 matrices inside Recharge and Get Paid’s compensation plan.
Every tier it connected to a Recharge and Get Paid affiliate membership buy-in bundle.
- Fundamental – ₦5000
- Bronze – ₦10,000
- Silver – ₦20,000
- Gold – ₦30,000
- Diamond – ₦40,000
- Platinum – ₦50,000
- Govt – ₦100,000
A 3×10 matrix locations an affiliate on the prime of a matrix, with three positions straight underneath them:
These three positions make up the primary stage of the matrix. The second stage of the matrix is generated by splitting these first three positions into one other three positions every (9 positions).
Ranges three to 10 of the matrix are generated in the identical method, with every new stage of the matrix housing thrice as many positions because the earlier stage.
Positions within the matrix are crammed through direct and oblique recruitment of latest Recharge and Get Paid associates.
Commissions are paid on every matrix place crammed.
How a lot of a fee is paid out is decided by which matrix tier a Recharge and Get Paid affiliate has purchased into.
Commissions quoted under are per place crammed on every respective tier stage:
- Fundamental tier – ₦1000 on stage 1, ₦500 on stage 2, ₦250 on stage 3, ₦125 on stage 4, ₦62.5 on stage 5, ₦50 on ranges 6 to 10
- Bronze tier – ₦2000 on stage 1, ₦1000 on stage 2, ₦500 on stage 3, ₦250 on stage 4, ₦125 on stage 5 and ₦100 on ranges 6 to 10
Owing to increased entry charges paid, increased commissions are paid out on the Silver and better tiers.
On the time of publication nevertheless Recharge and Get Paid don’t disclose Silver and better matrix tier fee charges on their web site.
A “Management Bonus” can be referenced on Recharge and Get Paid’s web site however once more no particulars are supplied.
Becoming a member of Recharge and Get Paid
Recharge and Get Paid affiliate membership prices between ₦5000 and ₦100,000.
- Fundamental – ₦5000
- Bronze – ₦10,000
- Silver – ₦20,000
- Gold – ₦30,000
- Diamond – ₦40,000
- Platinum – ₦50,000
- Govt – ₦100,000
Conclusion
Recharge and Get Paid markets itself as “the only, best and quickest strategy to reaching wealth.”
In actuality it’s nothing greater than a pyramid scheme.
Recharge and Get Paid seems to bundle recharge playing cards with entry into its recruitment-driven enterprise mannequin.
Bundled merchandise don’t justify the paying commissions on recruitment. When 100% of the commissions paid out by an MLM firm are tied to recruitment, stated MLM firm operates as a pyramid scheme.
As with all pyramid schemes, as soon as affiliate recruitment dies down so too will fee payouts.
This may trigger Recharge and Get Paid to break down, ensuing within the majority of associates shedding cash.