MyDollarFans Review: Four-tier cash gifting
There is no information on the MyDollarFans website indicating who owns or runs the business.
The MyDollarFans website domain (“mydollarfans.com”) was registered on the 2nd of March 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 MyDollarFans Product Line
MyDollarFans has no retailable products or services, with affiliates only able to market affiliate membership with the company itself.
Once signed up, MyDollarFans affiliates gain access to a Private Label Rights product library.
Advertising credits are also bundled with the purchase of $10 matrix positions, which can be used to display advertising on the MyDollarFans website.
The MyDollarFans Compensation Plan
The MyDollarFans compensation plan sees affiliate sign up and then purchase $10 matrix positions.
MyDollarFans use a 4×4 matrix structure, with four positions on the first level of the matrix, sixteen on the second, 64 on the third and 256 on the fourth:
Commissions are paid out as positions in the matrix are filled, with positions filled via affiliate recruitment.
Positions in the first level of the matrix are $10. Once four subsequent positions have been filled at this level an affiliate is paid $40.
Moving up to level 2 costs $20, with a $320 commission paid out once all level 2 positions have been filled.
Level 3 costs $40 to enter and pays out $2560, level 4 costs $80 and pays out $20,480.
Affiliate membership with MyDollarFans is tied to the purchase of a $10 matrix position.
As such, the defacto minimum cost of MyDollarFans affiliate membership is $10.
The initial payment to your upline will only be $10 and you can pay through Payza or Solidtrustpay or Perfect Money.
As you pay the initial investment, you will be able to get instant access to excellent master resale rights products.
The above, taken directly from the MyDollarFans website, clearly spells out a cash gifting scheme.
Affiliates buy in for $10, and then recruit four new affiliates who in turn gift them $10 directly.
The matrix is structure used to track compensation functions rather as four separate queues, each with its own buy-in ($10 to $40).
This buy-in serves no other purpose than to qualify an affiliate to receive gifting payments from affiliates they recruit.
As with all cash gifting schemes, MyDollarFans will fall apart when recruitment of new affiliates slows down.
In effect, when this happens the four-tier queues will stall as no new money enters the system.
At that point, anyone with funds still trapped in the scheme loses out.