Dropship2Cash Review: No dropshipping, $49 a pop Ponzi
There is no information on the Dropship2Cash website indicating who owns or runs the business.
The Dropship2Cash website domain (“dropship2cash.com”) was registered on the 6th of July 2015, however the domain registration is set to private.
Somebody called “John Nero” is signing off on Dropship2Cash affiliate emails, however no further information on this individual is available. This suggests it’s likely a pseudonym.
An address in Sweden is provided on he Dropship2Cash website, providing one possibility as to where Dropship2Cash is being run out of.
Another is India, with Alexa currently listing it as the largest source of traffic to the Dropship2Cash website (14.1%).
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 Drop2ship2Cash Product Line
Dropship2Cash has no retailable products or services, with affiliates only able to market Dropship2cash affiliate membership itself.
The Dropship2Cash Compensation Plan
The Dropship2Cash compensation plan sees affiliates invest $49 at a time, on the promise of infinite ROIs.
Referral commissions are paid on investments made by recruited affiliates, paid out down three levels of recruitment (unilevel).
Investments made by personally recruited affiliates (level 1) pay out a 10% commission, with levels 2 and 3 paying out 5%.
Affiliate membership with Dropship2Cash is free, however free affiliates can only earn referral commissions.
Participation in the Dropship2Cash income opportunity requires a minimum $49 investment.
From the Dropship2Cash website:
The main money making method that we offer is Dropshipping Spots. Each Dropshipping Spot that you hold will generate you unlimited passive income payments directly from our Dropshipping Network.
As the name suggests, the ruse behind Dropship2Cash is that they are paying infinity ROIs from revenue generated by dropshipping activities.
There is no disclosure on the Dropship2Cash website disclosing what these activities are.
And even if there was, the logic behind Dropship2Cash falls apart with one simple question:
If the owners of the scheme indeed were running a successful dropshipping business, what on earth do they need your money for?
The very nature of a dropshipping business sees orders placed only once a sale has been made. There’s no inventory requirements, nor does a dropshipper need to maintain a retail space.
Yet Dropship2Cash would have you believe your funds are needed to run a dropshipping business.
Quite obviously Dropship2Cash has nothing to do with dropshipping, with the only recorded source of revenue being that of affiliate investment.
In turn, it follows that ROI payments are made simply by shuffling newly invested funds around to pay off existing investors – qualifying Dropship2Cash as a Ponzi scheme.
Can I Reinvest My Profits?
Absolutely! You can do this by visiting the Reserve Your Spots area of your account and scrolling down to the bottom.
Every $49 that is deposited with the scheme attracts a 20% referral commission, on top of the infinite ROI liability advertised.
What has likely happened is the owner(s) of the scheme have preloaded their own positions above everybody else, so that they are able to withdraw the lion’s share of ROIs paid out.
Everybody else who joins gets a slice of what’s left.
As with all Ponzi schemes, once new investment slows down Dropship2Cash will find itself unable to meet its infinity ROI obligations.
At that point those who haven’t stolen more than they initially invested from subsequent investors, loses out.
Given that mathematically Dropship2Cash cannot pay out more than is invested, logic dictates that this will be the majority of investors in the scheme.