BitPayProfits Review – But I’m Not Promoting It!

BitPayProfits ReviewHave you been noticing more and more hype for BitPayProfits lately?

This business is picking up a lot of steam, with people pitching it all over social media.

I want to tell you that I am NOT in any way affiliated with BitPayProfits.

I want to give you an unbiased opinion on BitPayProfits – is it a scam?

Is it legit?

Let me give you all the details in my BitPayProfits Review.

Will BitPayProfits deliver on all it’s promises?

Find out in my Review of BitPayProfits.

Let’s get going with the review!

 Name: Email: We respect your email privacyEmail Marketing by AWeber 

What Is The BitPayProfits Opportunity?

Throughout the entire website for BitPayProfits, you won’t find any information in regards to who owns the company, where it’s based out of, when it was founded, etc. I looked everywhere I could on the site, but never once did I come across any such info.

With this being the case, I decided to move my research over to the domain name registration. By doing this, I was able to learn that the domain (bitpayprofits.com) was registered on February 1, 2017. The owner is listed as Byron McCorriston, and there’s also an address listed over in Hawaii within the United States.

Following a bit of research into McCorriston, it came to my attention that the man was recently doing some promoting for a Ponzi scheme by the name of Billion Coin. Additionally, McCorriston spent some time last year marketing the cash gifting scheme Easy 1up. Also, in 2015, McCorriston was seen acting as an affiliate for TVC Matrix.

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:

“Hey Guys, BitPayProfits is up for sale. Everything is there, the comp plan, the videos, promotional banners. PM me for more details. I did the work. Let me know.”

Johnny Ganoza is another person who’s no stranger to the MLM underbelly, and his most recent  involvement has been with Hustle With Us.

BitPayProfits Scam

What Can You Tell Me About The BitPayProfits Products?

Not surprising at all is the lack of a product line within BitPayProfits. Nothing is available to purchase by retail customers, and this is a theme that is rather common within schemes and scams of the MLM underbelly.

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.

What Can You Tell Me About The Compensation Plan?

Moving over to 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.

Every single level of the matrix requires a fee to be paid in order to have access to it, and the money that’s sent to pay this fee is then pushed to other affiliates within the system.

All of those levels and tiers work out in the following manner —

  • Phase 1
    • Level 1 — Affiliates must fill 2 positions at $45 each for a total payout of $90
    • Level 2 — Costs $45 to join, affiliates must fill 4 positions at $45 each for a total payout of $180
  • Phase 2
    • Level 1 — Costs $100 to join, affiliates must fit 2 positions at $100 each for a total payout of $200
    • Level 2 — Costs $100 to join, affiliates must fill 4 positions at $100 each for a total payout of $400
  • Phase 3
    • Level 1 — Costs $200 to join, affiliates must fill 2 positions at $200 each for a total payout of $400
    • Level 2 — Costs $200 to join, affiliates must fill 4 positions at $200 each for a total payout of $800
  • Phase 4
    • Level 1 — Costs $400 to join, affiliates must fill 2 positions at $400 each for a total payout of $800
    • Level 2 — Costs $400 to join, affiliates must fill 4 positions at $400 each for a total payout of $1600
  • Phase 5
    • Level 1 — Costs $1000 to join, affiliates must fill 2 positions at $1000 each for a total payout of $2000
    • Level 2 — Costs $1000 to join, affiliates must fill 4 positions at $1000 each for a total payout of $4000

Along with the cash gifting that’s taking place throughout the matrix system, affiliates can also earn a $10 recruitment commission for every affiliate that they recruit to join BitPayProfits.

What Will It Cost To Join BitPayProfits

Joining BitPayProfits will initially set you back at lest $65.

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 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.

But there are some things to be aware of (see conclusion section).

That is how you will be successful.

See below for help with making money.

 Name: Email: We respect your email privacyEmail Marketing by AWeber 

My BitPayProfits Review Conclusion

Head to BitPayProfits website, and you’ll see that the company is trying to market the concept of it “selling royalty-free music” in order to generate profits for its members.

Unfortunately, that doesn’t make much sense.

Royalty-free music is made free to use by its creators, so you can’t necessarily “sell” it.

At the end of the day, BitPayProfits is nothing more than a cash gifting scheme. Affiliates are sending other affiliates money through the matrix that BitPayProfits has constructed, and if past cash gifting schemes are anything to go by, this setup won’t last long at all.

It’s possible that very early adopters of the platform will make some money, but for the majority of people that get involved, they can probably expect to lose out.

Hopefully, you have found my BitPayProfits Review useful.

I wanted to give a lot of details because there have been other review of BitPayProfits which were a bit thin on the detail side.

No matter what happens, if you really want to succeed with any business, you have to learn how to market properly.

And, my training below will help you do that and make money!

 Name: Email: We respect your email privacyEmail Marketing by AWeber 

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