DayPaid Review: $10 to $100 ad-credit based Ponzi scheme
There is no information on the Day Paid website indicating who owns or runs the business.
The DayPaid website domain (“daypaid.com”) was registered on the 3rd of June 2015, however the domain registration is set to private.
Alexa statistics currently estimate that 46.1% of traffic to the Day Paid website originates out of Romania (29.6%) and Spain (16.5%), suggesting one of these two countries is likely where it is being operated from.
My bet would be on Spain or someone from Spain living in Romania, as the Day Paid website defaults to the Spanish language (even if English is selected).
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 DayPaid Product Line
DayPaid has no retailable products or services, with affiliates only able to market DayPaid affiliate membership itself.
Once signed up, DayPaid affiliates can then invest in “payment plans” to participate in the income opportunity.
Bundled with each payment plan are a series of advertising credits, which can be used to display advertising on the DayPaid website itself.
The DayPaid Compensation Plan
The DayPaid compensation plan sees affiliates invest in payment plans and get paid to recruit others who do the same.
There are three DayPaid payment plans on offer:
- Full Day Payment Plan ($10) – 130% ROI after 30 days, 50% must be reinvested
- Gold Plan to Pay Day ($100) – 130% ROI after 30 days, 20% must be reinvested
- Plan Paid Day Thursday ($20) – 180% ROI after 2 days (plan only available every Thursday), 40% must be reinvested
Referral commissions are paid on investments made by recruited affiliates, paid out down two levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 7%
- level 2 – 3%
Affiliate membership with DayPaid is free, however affiliates must invest at least $10 to participate in the income opportunity.
Offering up a cookie-cutter adcredit based Ponzi scheme, comes DayPaid out of Europe.
The combination of a CheapMiniSite web template and cheap ProXScript backend speaks to the anonymous admin’s intentions, that being to rip off as many investors as quickly as possible and then do a runner.
Plan Paid Day Thursday looks like the obvious choice of investment, however the math is pretty terrible.
$20 goes in and after reinvestment, $21.6 is paid out.
The other plans offer a 30 day window for the DayPaid admin to do a runner, which will happen when new investment doesn’t meet generated ROI liabilities.
At that point the admin makes off with funds still trapped in the system, with everyone who hasn’t ripped off subsequent investors by that time losing out.