MoneyTime Review: “Profit sharing” digi library Ponzi scheme
MoneyTime provides no information on its website about who owns or runs the company.
MoneyTime’s website domain (“moneytime.io”) was first registered in August 2020. The private registration was last updated on May 10th, 2021.
I suspect whoever is running MoneyTime is operating from India.
This is based on most of MoneyTime’s marketing being done by Indians. Alexa also currently ranks India as the top source of traffic to MoneyTime’s website at 36%.
Canada is the only other notable source of traffic at 25%.
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.
MoneyTime’s Products
MoneyTime has no retailable products or services, with affiliates only able to market MoneyTime affiliate membership itself.
MoneyTime affiliate membership provides “access to hundreds of video courses”.
MoneyTime’s Compensation Plan
MoneyTime affiliates purchase memberships:
- ARP5 – $5
- ARP20 – $20
- ARP100 – $100
- ARP300 – $300
- ARP500 – $500
With the exception of ARP5, each membership purchase pays an “ongoing profit share”.
MoneyTime doesn’t provide details on how frequent returns are paid.
Note that returns are paid as long as MoneyTime affiliates continue to pay an additional $10 weekly fee.
The MLM side of MoneyTime pays on recruitment of new affiliates.
Referral Commissions
MoneyTime affiliates receive a referral commission on recruitment of affiliates.
How much of a referral commission is paid out is determined by how much a recruited affiliate spends in fees:
- recruit an ARP5 affiliate and receive 50 cents
- recruit an ARP20 affiliate and receive $2
- recruit an ARP100 affiliate and receive $10
- recruit an ARP300 affiliate and receive $30
- recruit an ARP500 affiliate and receive $50
Matching Bonus
MoneyTime pays a Matching Bonus on earnings by personally recruited affiliates.
Matching Bonus rates are determined by the following qualification criteria:
- Bronze (recruit at least one affiliate) – 25% Matching Bonus
- Silver (recruit at least five affiliates) – 50% Matching Bonus
- Gold (recruit at least ten affiliates) – 100% Matching Bonus
Note that in order to count towards the Matching Bonus, recruited affiliates must be paying their weekly $10 fee.
MoneyTime Infinity Plan
MoneyTime’s Infinity Plan appears to be shuffling around of $5 payments across a unilevel team.
The explanation of the bonus is pretty poor and how the payments are shuffled around isn’t really explained:
Joining MoneyTime
MoneyTime affiliate membership is $10 a week plus a membership tier purchase:
- ARP5 – $5
- ARP20 – $20
- ARP100 – $100
- ARP300 – $300
- ARP500 – $500
The primary difference between the five tiers is income potential.
Conclusion
MoneyTime began as a simple five-tier 4×1 matrix cycler.
That seems to have collapsed and so now it’s just a standard “profit sharing” Ponzi scheme.
MoneyTime claims it generates external revenue via a “managed trading account”.
In light of the Ponzi cycler reboot, that seems unlikely.
Whereas a cycler ties payments to filling up of a matrix, “profit share” lets MoneyTime’s admin shuffle funds around as they see fit.
Funds coming in via recruitment can be stretched thinly across all affiliates, or manipulated for selective payments.
There’s also some $5 a ticket lottery nonsense, which MoneyTime claims
can reach a top prize of $200,000 each day for MULTIPLE people!
No further details are provided. Based on simple math though, it should be obvious that the chance of even one person winning a $200,000 lotto monthly in MoneyTime is slim to none.
The rest of MoneyTime’s compensation plan is pyramid recruitment.
Hilariously, MoneyTime claims to have
an extremely unique coded commission plan that took 20 years to design. It pays out on unlimited width and depth, yet maintains to be a single-level affiliate program, rather than an MLM scheme.
I believe this pertains to the Infinity Plan, which is so complicated MoneyTime don’t even bother to adequately explain it.
Sometime something $5 payments are shuffled around. I can tell you what determines how $5 payments are shuffled around didn’t take 20 years to come up with.
Having already collapsed once, MoneyTime will again collapse when recruitment tanks.
The math behind MLM Ponzi schemes guarantees that when they collapse, the majority of participants lose money.
Update 13th March 2022 – A reader in the comments below has informed me MoneyTime has ditched its $10 weekly in favor of a $10 annual fee.
I believe the same qualification criteria is tied to the fee, subject to annual renewal.
Hello, thought I would correct a couple of things in your article and put in my two cents worth.
Firstly the corrections, the article mentions a $10 weekly fee, this is incorrect, it is a $10 annual fee. The other item is that the site pays weekly, for me it comes through every Tuesday and goes straight into my account, I have the option to withdraw it or leave it in the account so it earns compound interest.
The initial video presentation I saw said you can earn 2% interest every week but was told by one of the owners that its average is currently 1.6%.
Since I have been involve have found the interest earned fluctuates each week with my highest week earning 1.93% and the lowest week earned 0.86, the average for me (as at the time of writing this) has been 1.393%.
I have introduced friends and family to this and even set up small accounts for the nephews (for their fun and education), but all of them I have said to only throw in what you are willing to loose. So far I have no complaints.
When I published this review I was working off official marketing material (some screenshots are in the review). Looks like access to that has been disabled and the $10 fee has changed.
Thanks for the update, I’ll make a note of it.
Your family are either being polite or they’re a bunch of grifters like yourself.
If we look at traffic statistics we can see MoneyTime was on the road to collapse, until new suckers were only recently found.
I take it you’re part of that group of suckers (recruited Jan 2022 onward). At less than 1% a day that’s ~100 days to start stealing from others. Faster if you’ve scammed your relatives into MoneyTime.
Remember, numbers on a screen isn’t money. You haven’t actually earned anything.
Math is math, either you and your family will steal from others or they’ll steal from you.
You’re at least ~9 months behind earlier investors so not looking good. I suppose it depends on how many gullible victims there are to steal from in your area.