Fast100Now Review: Ten-tier $10,230 cash gifting
There is no information on the Fast100Now website indicating who owns or runs the business.
The Fast100Now website domain (“fast100now.com”) was registered on the 6th of May 2015, 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 Fast100Now Product Line
Fast100Now has no retailable products or services, with affiliates only able to market Fast100Now affiliate membership itself.
Once signed up, Fast100Now affiliates can participate in a ten-tier gifting scheme.
Bundled with each gifting payment are a series of advertising credits, which can be used to display advertising on the Fast100Now website itself.
The Fast100Now Compensation Plan
The Fast100Now compensation plan sees affiliates gift eachother $10 to $5120.
These gifting payments are tracked through a 10×10 matrix, with each level of the matrix functioning as a separate gifting tier.
Up to ten payments are payable on any given level of the matrix, with qualification for payments on any level achieved by gifting a payment to the affiliate who recruited you.
- level 1 – costs $10, receive $10 gifting payments from 10 subsequent participants ($100)
- level 2 – costs $20, receive $20 gifting payments from 10 subsequent participants ($200)
- level 3 – costs $40, receive $40 gifting payments from 10 subsequent affiliates ($400)
- level 4 – costs $80, receive $80 gifting payments from 10 subsequent affiliates ($800)
- level 5 – costs $160, receive $160 gifting payments from 10 subsequent affiliates ($1600)
- level 6 – costs $320, receive $320 gifting payments from 10 subsequent affiliates ($3200)
- level 7 – costs $640, receive $640 gifting payments from 10 subsequent affiliates ($6400)
- level 8 – costs $1280, receive $1280 gifting payments from 10 subsequent affiliates ($12,800)
- level 9 – costs $2560, receive $2560 gifting payments from 10 subsequent affiliates ($25,600)
- level 10 – costs $5120, receive $5120 gifting payments from 10 subsequent affiliates ($51,200)
Note that if an affiliate recruits another affiliate who buys in at a higher level then they have, that gifting payment is passed up to their upline (the affiliate who in turn recruited them).
Affiliate membership with Fast100Now is free, however affiliate must make gifting payments if they wish to participate in the Fast100Now income opportunity.
This pegs Fast100Now affiliate membership between $10 and $10,230 (all ten matrix tiers).
Fast100Now has a 10×10 forced matrix downline structure. As you pay the initial investment, you will…
The reality is that what comes after in the above sentence is all but irrelevant.
If we want to specifically characterize payments into Fast100Now as investments (as the site itself does), you’re looking at a $10,230 outlay to qualfify to receive $105,300 from subsequent participants.
Given that 100% of the fees paid in are transferred between affiliates however, Fast100Now operates as a gifting scheme (although technically can be considered investment fraud if absolute ROIs are considered).
The ruse behind Fast100Now’s scam is advertising-credits, with said ruse falling apart upon perusal of Fast100Now’s “no refunds” refund policy:
Do you offer refunds?
Fast100Now offers a ZERO REFUNDS POLICY to all members.
If Fast100Now affiliates were indeed purchasing advertising credits, logically it would follow that unused credits are wholly refundable.
However with payments instead constituting instant gifting commissions when they are made, naturally refunds do not sit well.
Once you’ve gifted in your qualification funds, they’re gone.
As with all cash gifting schemes, once new affiliate recruitment slows down so too will payments within the Fast100Now matrix.
Limiting payments at ten per level will encourage some spillover from indirect recruitment, but I wouldn’t be counting on it to amount to much.
Once an affiliate has received their ten payments at any given level, it’s unlikely they will be focusing on it anymore.
New affiliates do have to buy into the ten levels sequentially, but it’s far more likely that existing affiliates will sequentially upgrade over a new affiliate buying in at all ten levels.
In any event, once the recruitment of new affiliates slows down – kaboom.