Fast Viral Cash Review: $40 cash gifting scheme
There is no information on the Fast Viral Cash website indicating who owns or runs the business.
The Fast Viral Cash website domain (“fastviralcash.com”) was registered on the 29th of October 2015, with “Joe Sanchez” listed as the owner. A residential address in the US state of Texas is also provided.
Sanchez appears to own or have owned a number of domains, with internet marketing appearing to be a common theme: webprosnet.biz, directegoods.com, listviralizer.com, getleads4free.com and sofreakingbored.com.
Due to the relatively ubiquitous nature of the name Joe Sanchez, I was unable to establish whether or not Sanchez has an MLM history.
Read on for a full review of the Fast Viral Cash MLM business opportunity.
The Fast Viral Cash Product Line
Fast Viral Cash has no retailable products or services, with affiliates only able to market Fast Viral Cash affiliate membership itself.
Bundled with Fast Viral Cash affiliate membership is access to “a huge collection of ebooks”.
The Fast Viral Cash Compensation Plan
The Fast Viral Cash compensation plan sees affiliates gift four $10 payments to affiliates who joined before them.
This payment in turn qualifies the affiliate to receive gifting payments from subsequently recruited affiliates.
Gifting payments in Fast Viral Cash are tracked via a 4×1 matrix system, which places newly recruited affiliates into one of four available matrix positions.
Once all four positions have been filled and $40 gifted, the affiliate at the top of the matrix is placed in a new 4×1 matrix and the process repeats itself.
Joining Fast Viral Cash
Fast Viral Cash affiliate membership is tied to the gifting of $10 to four existing affiliates. This equates to a total $40 spend in order to qualify for commissions.
From the marketing pitch on the Fast Viral Cash website:
What if someone told you for $40 you can start a turn-key program where you could potentially receive $100,000 or more over the next year? Would that be more of an incentive to get involved?
Sign up on the form below. You will have to verify your email address. Once you are verified, then login to the members area. There you will make your 4 $10 payments to each member for a total of $40!
You simply make 4 payment of $10. Follow the payment instructions to pay each of your 4 sponsors the $10 payment and once you have paid your full $40 dollars you own everything and you are in!!
With nothing being marketed to or sold to retail customers and all fees paid in by affiliates directly transferred to other affiliates, Fast Viral Cash qualifies as a cash gifting scheme.
For a $40 fee, Fast Viral Cash affiliates qualify to receive gifting payments from subsequently recruited affiliates. Those affiliates then pay $40 and also qualify to receive gifting payments, with the scheme collapsing once recruitment of new affiliates dies down.
With there being no admin fee, Joe Sanchez makes his money by preloading Fast Viral Cash with a bunch of positions, ensuring that he collects the lion’s share of funds gifted.
Owing to the nature of the scheme, the majority of participants lose out, with each filled matrix increasing Fast Viral Cash’s liability by a factor of four.
In light of this, perhaps a more apt name for the scheme would have been Fast Collapse Cash.