Pay Diamond Review: Diamond investment = 5% a week ROI?
Pay Diamond provide no information on their website indicating who owns or runs the business.
The Pay Diamond website domain (“paydiamond.com”) was first registered on the 26th of December, 2014. The registration was last updated on November 27th, 2015.
“PayDiamond Marketing & Sales Limited” is listed as the domain owner, with a virtual office address in Hong Kong also provided.
Alexa traffic statistics reveal that with the exception of Japan (12%), the majority of traffic to the Pay Diamond website originates out of South America.
The Pay Diamond website itself is hosted in Brazil and the default language of the Pay Diamond website is Portuguese (primary language of Brazil). Given this, it’s extremely likely that whoever is running Pay Diamond is also based out of Brazil.
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.
Pay Diamond Products
Pay Diamond has no retailable products or services, with affiliates only able to market Pay Diamond affiliate membership itself.
The Pay Diamond Compensation Plan
Pay Diamond affiliates invest funds on the promise of an advertised 50-week ROI:
- Joy – invest $200 and receive a $10 weekly ROI
- Light – invest $400 and receive a $20 weekly ROI
- Plus – invest $1200 and receive a $60 weekly ROI
- Master – invest $3600 and receive a $180 weekly ROI
- Premium – invest $36,000 and receive a $1800 weekly ROI
When a Pay Diamond affiliate recruits a new affiliate, they are paid a commission based on how much is invested:
- recruit a Joy affiliate and receive $5
- recruit a Light affiliate and receive $10
- recruit a Plus affiliate and receive $30
- recruit a Master affiliate and receive $100
- recruit a Premium affiliate and receive $1000
Residual Commissions (unilevel)
Every Pay Diamond affiliate has to pay a monthly fee.
Pay Diamond take this monthly fee and use it to pay residual commissions via a 3×10 matrix.
A 3×10 matrix places a Pay Diamond affiliate at the top of a matrix, with three positions directly under them:
These three positions form the first level of the matrix. The second level of the matrix is generated by splitting the first three positions into another three positions each.
Levels three to ten of the matrix are generated in the same manner, with each new level housing three times as many positions as the previous level.
Positions in the matrix are filled via direct and indirect recruitment of new Pay Diamond affiliates.
A 50 cent commission is paid per Pay Diamond affiliate recruited into the matrix.
Residual Commissions (binary)
A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):
The first level of the binary team houses two positions. The second level of the binary team is generated by splitting these first two positions into another two positions each (4 positions).
Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level.
Positions in the binary team are filled via direct and indirect recruitment of affiliates. Note that there is no limit to how deep a binary team can grow.
Each Pay Diamond investment plan has an attached point value:
- Joy – 50 points
- Light – 100 points
- Plus – 300 points
- Master – 1000 points
- Premium – 10,000 points
At the end of each day Pay Diamond tally up points generated by new investment volume on both sides of the binary team.
A Pay Diamond affiliate is paid 50% of the points generated on their weaker binary side.
Leftover volume from the stronger binary side is carried over the following day, wherein the process repeats itself.
To qualify for residual binary commissions, a Pay Diamond affiliate must recruit at least two affiliates who invest (one placed on either side of the binary team).
Joining Pay Diamond
Pay Diamond affiliate membership requires payment of a monthly fee and investment in one of the following five offered plans:
- Joy – $200
- Light – $400
- Plus – $1200
- Master – $3600
- Premium – $36,000
The more an affiliate invests the higher their income potential via the Pay Diamond compensation plan.
Note Pay Diamond do not disclose how much they charge affiliates each month.
The Pay Diamond website waffles on about diamonds having something to do with the weekly ROI it pays out, however this doesn’t pass the Ponzi logic test.
If Pay Diamond were able to legitimately and consistently generate a 5% weekly ROI, why would they be wasting time with a dubious looking investment opportunity?
Not only that but recruitment and residual commissions eat up a large percentage of invested funds, leaving not much to purportedly invest in diamonds.
Certainly not enough to generate a perpetual 5% weekly ROI, if that’s even possible with diamonds to begin with.
The only verifiable source of revenue entering Pay Diamond is affiliate investment, the use of which to pay a weekly ROI makes it a Ponzi scheme.
The recruitment and residual commissions are incentives to attract new investors into the scheme, adding an additional layer of pyramid fraud.
As with all Ponzi schemes, once affiliate recruitment dries up so too will new funds entering the scheme. This will see Pay Diamond unable to meet its weekly ROI obligations, prompting a collapse.
Due to the 50 week maturity period, by the time affiliates realize Pay Diamond has collapsed the majority of them will have already lost money.
Best of luck getting it back from anonymous admins hiding out in South America.
Hi Oz What are these points for you meantioned in the binary residuals?
Each Pay Diamond investment plan generates points.
The binary doesn’t pay out on raw investment volume, it pays out on generated points.
The points are less than a 1:1 value, so it’s basically a way for Pay Diamond to pay a reduced residual on invested funds.
Hi Oz, all gd ? Hope so.
Paydiamond is run from brazilian scammers. They hav a branch in Portugal and from those 2 countries they pretty much spread throught the rest.
They lured many people in other south america countries like Argentina, Peru, Bolivia and so on.
The “SEC’s” of those countries already stated thier are ilegal, but that doesnt stop them from scaming.
Here you can check the reliability of their busisness: paginasiete.bo/economia/2017/3/9/rechazan-solicitud-libertad-ejecutivo-diamond-129939.html
MSC and Winkler Police warn: Diamond Deal is No Golden Opportunity.
Thanks for the heads up. So much news today to cover!
hi Oz, prior to joining an mlm, i usually look at the reviews (pros and cons). here in east africa, the recruitment has started…since feb.17.
however, whoever has joined when asked to explain this business, they’ve failed to do so. thanks for your great review. thumbs up.
Thanks for he support Emmy.
How come I can’t find anything from their offices in Hong Kong? Licenses, certifications, registrations and who is the organization in charge to regulate Pay Diamond?
An acquaintance got in the matrix from another member, not long ago around 1 month and a week old to this day, I think the first investment was the light plan of $400, he recovered that amount and more, reaching around $1K USD, after one month of investment with a couple of new affiliations to in other to increase the net.
Now I don’t know if that is 100% true, but he didn’t told me if that amount was by looking at the virtual office or account or it was actual money.
The offer from PD it too good to be true. It seems as another but more sophisticated Ponzi scheme in comparison to others?
And, if that is not much to tell, this person told me that Pay Diamond it is certified by United Nations, the diamonds are extracted from a mine in Mozambique, Africa.
Lol, that’s a new one. Thanks for the laugh.
Same business model, just a few taller porky pies surrounding it compared to the usual Ponzi scams.
It was about time for you to review the Ponzi scheme.
You are right in all points, but here are some things that you need to know:
* PAYDIAMOND in Hong Kong is a shelf company with a share capital of only 123€. They used Harneys to create the shell company and used their address. Later they changed the fake owner name and the virtual address.
* The shelf companies MAUI INTERNATIONAL INVESTMENT LIMITED and VITAL KING INVESTMENT LIMITED also belong to them. They were used on the fake invoices that they did show in videos saying that it was the companies that sold them the diamonds. LIE!
* All the main puppets are Brazilian. They are presented as Top Leaders, when in reality they are part of the Pyramid Scheme. They act as Top Leaders to control the scheme and the victims without anyone knowing. In the past they scammed on Geteasy/TelexFree. Even Carlos Luiz recruited in Geteasy.
* The #1 Puppet, Carlos Luiz is now hidden and the fake leaders are doing all the job to recruit new victims.
* Justice in Brazil is investigating the Pyramid Scheme. That’s why they closed the shelf company used in Brazil. Also they stopped using RocketPays, which is their Brazilian partner to receive money. RocketPays was used by OneCoin, Empire MLM and other schemes.
You can find more information at hxxp://tenhodividas.com/tag/paydiamond
Also you can find here some videos of the scam xx://www.youtube.com/channel/UCoI1HwuKC7aHxLgi0uSCv4g/search?query=paydiamond
Keep up with the good work.
Gee…another TelexFree, with a twist…they’re hitting Africa now…and since most Africans aren’t very knowledgeable about network marketing, how to analyze a company, its opportunity, and its pay plan, and don’t know the difference between a legitimate network marketing opportunity and an illegal Ponzi/pyramid scheme, you can imagine the response of a “make money without having to work too hard” program.
Same holds true with the infamous scam, MMM… When will they ever learn?
I have read the reviews here must say some of the point raised here is not true. I signed up with Paydiamond in July 2017 and paid activation tax of 10 dollars for two months between August and September 2017, I have not paid a monthly fee for my initial investment.
In October 2017, the company sent a notification that the activation tax has been stopped. I have been an investor since then up till now and I get my weekly bonus without referrals.
You have a choice to either invest for 25 weeks and get a diamond worth your initial investment or invest for 50 weeks without getting diamonds. If you need more info feel free to leave a message here.
Yeah uh, you stealing money from people isn’t proof Pay Diamond isn’t a Ponzi scheme.
As you stated they appear to have stopped charging people a monthly fee in October. The review was published in April, at which time Pay Diamond was charging affiliates a monthly fee.
Company is selling MKT coin for $ 15 and its actual market value is cents .066.
So once you invest, there is no way you can get your money back except you take the loss difference of the MKT coin price. So if u invest $10000 you get back $66 only.
And there is no other way to withdraw your money. Exchanges also charge upto 15% on to withdrawal amount.
So conclusion is that you lose all the money put in.
So much (des)informaticion, and who is to blaim?
Much of those who entered paydiamond didn’t understood the concept and passed on their own ilusion. PayDiamond offers a peer to peer concept withouts sells, only recruiting.
The same way all other companies had their own mastercards blocked last year, the same happened with us, but the MLM concept remains the same.
MKT Coin is a medium-long term solucion to those who only want to invest and sit their asses watching time go by.
So, when you want to know something about somewhat, talk to those on the field, that can show you what it is, not pass you an ilusion or a false conclusion.
That’s a funny way of saying “Ponzi scheme”.
Seems the only person trying to spread disinformation about what Pay Diamond is, is you.
Every company on the planet had mastercards blocked? ORLY?
cryptocurrency exit-scam from yet another failed MLM Ponzi scheme.
Why? New suckers invest and you steal their money. Ponzi scamming isn’t rocket science.
I am one of them, who joined Paydiamond.
i am from Nowshera KPK here when we submit our withdrawal, the concerned deducting 5% extra amount from the user, which is not in accordance with the terms and conditions of Pay Diamond Company.
and if this practice would not stop, it will suffer the new entries.
You expect a Ponzi scheme to abide by its terms and conditions?
please clear my old dues/payment then i trust that this company is not a froud.
Your money is long gone. Sorry for your loss.