Welcome to my BitPayProfits Review. There has been some vibe about this company called BitPayProfits,so I decided to find out what the company was all about and do some research on the company.
You are probably here because you have heard of BitPayProfits and what to find out if it is a legit company or a scam.
Here is a detailed review on the company BitPayProfits and I would walk you through the BitPayProfits company,the compensation plan,the products and the verdict.
BitPayProfits Review – The Company
For some reason BitPayProfits provides no information on their website about who actually runs the show behind the scenes…
I decided to investigate the BitPayProfits website domain “bitpayprofits.com” and found out it was registered on February 1st, 2017.
Byron McCorriston is listed as the owner, with a home address in the US state of Hawaii…
It’s unclear as to whether or not McCorriston is still the owner of BitPayProfits. The domain name registration hasn’t been updated since back in February, and another man by the name of Johnny Ganoza took to Facebook to try and sell the opportunity about a week ago.
BitPayProfits Review – The Product
BitPayProfits doesn’t offer any retail products or services, but you as an affiliates can promote the BitPayProfits affiliate membership.
The lack of a product line means that affiliates only have the affiliate membership to market to people that might be interested in it, and this also creates for a total lack of any retail sales activity
BitPayProfits Compensation Plan
On the compensation plan, BitPayProfits affiliates are tasked with buying into a five-tiered 2×2 matrix system where positions star selling for $45 a piece.
This fee is sent directly to BitPayProfits members and look like this:
Phase 1, level 1 (2 positions) – $45 per position filled ($90)
Phase 1, level 2 (4 positions, costs $45 to unlock) – $45 per position filled ($180)
Phase 2, level 1 (2 positions, costs $100 to unlock) – $100 per position filled ($200)
Phase 2, level 2 (4 positions, costs $100 to unlock) – $100 per position filled ($400)
Phase 3, level 1 (2 positions, costs $200 to unlock) – $200 per position filled ($400)
Phase 3, level 2 (4 positions, costs $200 to unlock) – $200 per position filled ($800)
Phase 4, level 1 (2 positions, costs $400 to unlock) – $400 per position filled ($800)
Phase 4, level 2 (4 positions, costs $400 to unlock) – $400 per position filled ($1600)
Phase 5, level 1 (2 positions, costs $1000 to unlock) – $1000 per position filled ($2000)
Phase 5, level 2 (4 positions, costs $1000 to unlock) – $1000 per position filled ($4000)
You can also earn $10 for your personal sponsored members.
Cost To Join BitPayProfits
The BitPayProfits affiliate membership is $65 overall.
$10 is an admin fee, $10 is for sponsoring and $45 is for a matrix position.
Of that $65, $45 is for joining the first level of the matrix, $10 is for recruitment commissions that the company offers, and another $10 is part of an admin fee.
Although I’ve listed all of the costs in USD, BitPayProfits uses only bitcoin for all transactions.
Is BitPayProfits Legit Or A Scam?
So, like with all business opportunities, you will hear things around the internet about there being a BitPayProfits scam or something like that.
And from what you have read, you may also wonder if this is legit or a complete scam.
So, what’s the truth?
Is there a BitPayProfits scam going on or is this legit?
Well, to be honest, BitPayProfits is not really a proper scam or anything like that.
It would actually depend on your lead generation and marketing technique on how you recruit new members to be successful in BitPayProfits like any other network marketing company out there.
Conclusion On BitPayProfits
BitPayProfit markets itself as selling royalty-free music. Royalty-free is free music for people to enjoy. This means the company is just using it as a cover-up. The reality is, BitPayProfits is simply a cash gifting scheme. In such schemes, those who join early make some money. However, after some time, there are no new recruitments, and the scheme collapses. Once it collapses, you don’t have anyone to hold responsible.
Anyway, I hope you enjoyed my BitPayProfits review and if you have any questions, please leave them in the comments below…