November 11, 2020 by Brian Priest – Welcome to my PetronPay Review. 🙂
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Hello everyone and Welcome to my independent PetronPay Review?
There has been a lot of talk lately
Around one of the latest passive income MLMs to come on the scene,
So I decided to dig a deeper into this company,
And see what all the chatter is about.
As a matter of fact, someone may have approached you
About their investment and/or business opportunity,
And you came here to see if everything checks out!
So this is what we are going to do,
We are going to go through the company, the products/services,
And the compensation plan.
So that way you can make the right and informed decision.
So stay with until the end, and pay close attention!
PetronPay Review -(The Company)
When you go the PetronPay website,
There is no any information anywhere
As to who owns, or even runs the company.
When I took a deeper look at PeteronPays
Website domain “petronpay.com”
I Discovered that it was first registered on December 2019.
Then it was updated privately on September 17th, 2020.
The address listed for the company, on the website,
Is listed all the way at bottom, it is:
Airgate Business Center – Thurgauerstrasse 40, 8050, Zurich – Switzerland
At this point, all of the marketing videos
On PetronPay’s official YouTube channel
Has mostly actors from eastern-European accents.
The oldest video that I could find
Only dates back to May of 2020.
And at the moment, a very large portion
Of the traffic going to the website is from Africa.
And after doing some more digging around
I found out that a gentleman by the name of
Johnny Grant is the CEO of PetronPay
.
I can find absolutely no information on this guy.
My guess he is an actor of some kind.
That’s also most likely why they have the Swiss address
Pasted On the front page of the website. It helps make it look legit.
And PetronPay has already an issue,
And received a securities fraud warning against them
From Swiss Authorities earlier this year.
Oh Man. Well Let’s take a look
And see what PetronPay Offers for Products.
PetronPay Review -(The Products)
PetronPay currently doesn’t have any retail products or services to offer
However, you can become an affiliate
And promote their affiliate membership.
That’s never a good thing in my opinion.
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PatronPay Review – (The Compensation Plan)
There’s a lot to the compensation plan,
So in addition to spelling it out in text,
I added this video that sums it up in simple terms.
It is a company video, and it’s a digital voice in English.
Just remember, it gonna be company biased.
So, only use for informational purposes.
PetronPay affiliates invest funds into the company
On an promise they will get a 0.2% to 2.5% daily ROI:
- 25 Barrel – $25
- 50 Barrel – $50
- 99 Barrel – $99
- 249 Barrel – $249
- 499 Barrel – $499
- 999 Barrel – $999
- 1999 Barrel – $1999
Investment returns are capped at 300%.
From there, if you wish, you can reinvest to continue earning.
PetronPay Ranks
There are 11 ranks in total within PetronPay’s compensation plan.
Below is the breakdown on how to hit them:
- Star – generate an accumulated 3000 points in your weaker binary team side
- Two Star – generate an accumulated 6000 points in your weaker binary team side
- Three Star – generate an accumulated 15,000 points in your weaker binary team side
- Ruby – generate an accumulated 25,000 points in your weaker binary team side
- Emerald – generate an accumulated 100,000 points in your weaker binary team side
- Sapphire – generate an accumulated 250,000 points in your weaker binary team side
- Diamond – generate an accumulated 750,000 points in your weaker binary team side
- Ambassador – generate an accumulated 1,500,000 points in your weaker binary team side
- President – generate an accumulated 3,000,000 points in your weaker binary team side
- Emperor – generate an accumulated 6,000,000 points in your weaker binary team side
- Diamond Emperor – generate an accumulated 10,000,000 points in your weaker binary team side
Direct Commissions
PetronPays direct commissions through a unilevel compensation plan.
PetronPay caps their unilevel at 6 levels in total.
10% of the funds are paid out across these levels like the following:
- Level 1 (personally sponsored affiliates) – 50% (of 10%)
- Level 2 to 6 – 10% (of 10%)
Residual Commissions
PetronPay residual commissions are paid through a binary compensation plan.
These can be filled directly or indirectly by downline members.
Each PetronPay investment tier will have a binary point value:
- 25 Barrel – 5 points
- 50 Barrel – 10 points
- 99 Barrel – 20 points
- 249 Barrel – 50 points
- 499 Barrel – 100 points
- 999 Barrel – 200 points
- 1999 Barrel – 400 points
At the end of each day PetronPay ads up all the new points on both sides of the binary team.
Affiliates are paid 50% of the points produced on their weaker binary side.
Affiliates are paid 50% of the points produced on their weaker binary team side.
You can earn 50% of the points produced on the weaker leg.
Any left over points are carried over.
Three Star Bonus
With every group of three personally sponsored affiliates, you can earn 10% of the initial funds invested paid out in this bonus.
Rank Achievement Bonus
PetronPay rewards affiliates for qualifying at Star and higher ranks as follows:
- 1 qualify at Star and receive $100
- 2 qualify at Two Star and receive $200
- 3 qualify at Three Star and receive an iPhone and Apple Watch
- 4 qualify at Ruby and receive a MacBook
- 5 qualify at Emerald and receive a trip to Cancun and $1000
- 6 qualify at Sapphire and receive a trip to Europe and a “game ticket”
- 7 qualify at Diamond and receive a Mini Coupe from BMW
- 8 qualify at Ambassador and receive a Jeep Cherokee
- 9 qualify at President and receive a Mercedes Benz Class G
- 10 qualify at Emperor and receive a Porsche Carrera
- 11 qualify at Diamond Emperor and receive a house worth up to $250,000
Cost To Join PetronPay
PetronPay membership is tied to an investment plan below:
- 25 Barrel – $5 admin fee + $25 investment
- 50 Barrel – $5 admin fee + $50 investment
- 99 Barrel – $10 admin fee + $99 investment
- 249 Barrel – $15 admin fee + $249 investment
- 499 Barrel – $15 admin fee + $499 investment
- 999 Barrel – $30 admin fee + $999 investment
- 1999 Barrel – $30 admin fee + $1999 investment
And then, once you hit 300% ROI, you will have to reinvest.
So Now comes what you came here for.
But unlike a lot of other PetronPay Reviews out there,
I’m going to be straight with you.
SO stay with me. Here are…
My Final Thoughts for this PetronPay Review!
S, is PetronPay a scam, or does a legit invesment exist?
Well let’s take look at the information and facts that we have…
First of all, PetronPay claims…
“it represents a privileged investment that allows investors to speculate on the price of a barrel of oil”.
I looked and looked, and couldn’t find proof of this anywhere…
Second, we don’t even know who runs the company
Because their so called CEO, “Johnny Grant” LOL,
Doesn’t exist outside of this company.
Thirdly, they DO NOT have any retail products or services…
This reeks of a Ponzi Scheme
Fourth, they already had a securities fraud warning from the Swiss.
The FTC doesn’t go for this kind of thing either.
Fifth, only verifiable income coming into the company
Is new investments paying off existing members.
This company is nothing more than another ponzi scheme
Set up to rip people off, and get away with your cash.
Once recruitment slows down,
The ROI’s will starve and it will trigger a collapse.
I cannot and do not recommend this company,
It way to many red flags going up everywhere.
Stay Away!!!
So Thank you, I hope you enjoyed my PetronPay review
and if you have any comments
Please feel free to leave them in the comment section below…
Before You Go…
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Thank again for being here.
Sincerely, Brian Priest
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