Fast Dollar Tripler Review: 150% ROIs over 50 days
I’m not a mathematician, but I always thought that by tripling something you increased whatever it was by 300%.
Calling themselves Fast Dollar Tripler, but only paying out 150% on money invested with them… this company seems to think otherwise.
Read on for a full review.
There is no information on the Fast Dollar Tripler website about who runs or owns the company.
The domain fastdollartripler.com was registered on February 29th 2012, however the registration information is set to private.
As always, if a 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 Fast Dollar Tripler Product Line
Fast Dollar Tripler offer no products or services at a retail level.
With each investment made into the company, Fast Dollar Tripler bundle advertising credits with it. These credits can then be used to advertise on an inhouse advertising network hosted on the Fast Dollar Tripler website.
The Fast Dollar Tripler Compensation Plan
Fast Dollar Tripler guarantee a 150% commission on all investments made into the company over 50 days.
Investments are made in $6 increments at a time and members are able to cash out after receiving at least $6 in returns, capped at $1000 a day.
Fast Dollar Tripler also pay referral commissions on investments. When a Fast Dollar Tripler recruits a new member, they earn 7% of any money invested by the new member (level 1).
Any members recruited by this level 1 member pay out a 5% commission (level 2) and any investments made by level 2 members pay out 3%.
Joining Fast Dollar Tripler
Membership to Fast Dollar Tripler is free, however to earn commissions an investment must be made directly by a member (ROI commissions), or by those they recruit (referral investment commissions).
100% of the commissions (investment returns) Fast Dollar Tripler pays out are generated from the new investments made by members.
The company claims that members are purchasing ‘ad units’, however the company’s refund policy gives the game away:
When you purchase a fastdollartripler.com Ad Unit, you are purchasing advertising with fastdollartripler.com and you are provided immediately with advertising credits which you can use directly.
As such, fastdollartripler.com does not provide any refund.
If Ad Units were indeed being purchased as a product, then it’s important to note that they are provided to members in the form of credits. If a member hadn’t yet used any credits then it would be entirely reasonable for Fast Dollar Tripler to offer a refund on unused credits.
Unfortunately this can’t happen because the money used to purchase the credits has already been used to pay out the returns of other members.
Thus the money handed over by member to Fast Dollar Tripler is not an Ad Unit purchase, but rather merely an investment. The Ad Units are merely a freebie, and well you can’t get a refund on something you never actually paid for now, can you.