DailyPaidRewards Review: 150% ROI “shares” Ponzi
There is no information on the DailyPaidRewards website indicating who owns or runs the business.
The DailyPaidRewards website domain (“dailypaidrewards.com”) was registered on the 9th of November 2013, however the domain registration is set to private.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
The DailyPaidRewards Product Line
DailyPaidRewards has no retailable products or services. Affiliates join the company and are then able to purchase $10 or $1 “shares”.
Bundled with each share are a series of advertising credits that can be used to display advertising on the DailyPaidRewards website.
The DailyPaidRewards Compensation Plan
The DailyPaidRewards compensation plan revolves around affiliates investing in either $1 or $10 shares. This is done on DailyShareRewards’ promise of a “150% maturity” ($1 or $15 respectively).
ROI funds are paid out daily, however DailyPaidRewards do not guarantee a minimum daily payout. Affiliates are required to view five company-supplied advertisements in order to qualify for their daily ROI.
Referral commissions are offered on investments made by recruited affiliates, paying out 5% on level 1 (personal recruits) and 2% on level 2 (their recruits).
Affiliate membership to DailyPaidRewards is free, however affiliates need to invest in shares in order to withdraw and commissions earnt.
With no retailable products or services and the offering of a 150% ROI paid out of newly invested affiliate funds, DailyPaidRewards squarely fits the definition of a Ponzi scheme.
Affiliates buy in for either $1 or $10, with the owner then paying out a percentage of funds collected each day to existing investors.
This is reflected in the DailyPaidRewards refund policy, which states
There is No Refund After 1 Day, Members who Will buy share cant Claim After 24 Hours Any Kind of Payment.
All sales are final.There will be no refunds issued for any sales made through the Daily Paid Rewards .com Web site. If a problem occurs with a purchase, it must be discussed with the administrator.
The reason no refunds are offered “after 1 day” is because after one day they’ve been used to pay out existing investors.
Despite the obvious Ponzi nature of the DailyPaidRewards scheme, the company offers up a complete logic fail in claiming sustainability:
The shares remain maturing while new shares are being purchased! This is what makes our program so sustainable.
The fact that shares “remain maturing” while new shares are being purchased is not only what makes DailyPaidRewards a Ponzi scheme, but is also the reason that once new affiliate investment stops, the scheme will collapse.