Synergy Wealth System Review: Postcard cash gifting
There is no information on the Synergy Wealth System website indicating who owns or runs the business.
The Synergy Wealth System website domain (“synergywealthsystem.com”) was registered on the 17th of October 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 Synergy Wealth System Product Line
Synergy Wealth System has no retailable products or services, with affiliates only able to market Synergy Wealth System affiliate membership itself.
Participation in the Synergy Wealth System compensation plan sees affiliates provided with various market tools to promote the Synergy Wealth System income opportunity.
The Synergy Wealth System Compensation Plan
The Synergy Wealth System compensation plan sees affiliates gift $200 to $3000 payments to other Synergy Wealth System affiliates.
Gifting payments are split into four, with recruiting affiliates receiving payments from those they recruit and one of the payments going to the Synergy Wealth System admin.
The remaining three payments are paid out via a unilevel compensation structure.
A unilevel compensation structure sees an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):
If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.
If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.
Each of the Synergy Wealth System buy-in levels acts as a qualifier to receive payments from subsequently recruited affiliates. In order to receive payments across all five offered levels, a $6600 payment is required.
With the unilevel compensation structure in mind, here’s how payments and commissions in Synergy Wealth System work:
- $200 level = $50 to your upline (the affiliate who recruited you), $50 to their upline (upline level 1), $50 to their upline (upline level 2) and $50 to the admin
- $400 = $100 to your upline, $1000 to their upline, $100 to their upline and $100 to the admin
- $1000 = $250 to your upline, $250 to their upline, $250 to their upline and $250 to the admin
- $2000 = $500 to your upline, $500 to their upline, $500 to their upline and $500 to the admin
- $3000 = $750 to your upline, $750 to their upline, $750 to their upline and $750 to the admin
Synergy Wealth System pays affiliates recruitment bonuses as follows:
- recruit five $3000 affiliates in a month = $2000 bonus
- recruit ten $3000 affiliates in a month = $4500 bonus
Joining Synergy Wealth System
Affiliate membership with Synergy Wealth System is tied to payment of $200 to $3000.
A Synergy Wealth System affiliate can either qualify for payments incrementally ($200, $400, $1000, $2000 and then $3000) or via a one-time $6600 payment.
You receive a postcard in the mail pitching you riches. All you have to do is send money to four people and then send out postcards of your own.
Hearkening back to oldschool pre-internet cash gifting, Synergy Wealth System still use postcards to commit financial fraud.
Although payments and downlines are now tracked online, the concept of the scheme remains the same. You pay a participation fee to the affiliate who recruited you (and their upline), which then qualifies you to receive the same from subsequently recruited participants.
The First Payment Will Be To Admin This Is 25% Of The Package Amount. The Remaining Payments To Your Partners Will Total The Amount Indicated For Chosen Level.
After Completing The Payment To Admin With Credit Card You Will See Instructions As To How Your Partners Choose To Be Paid.
The anonymous Synergy Wealth System admin skims 25% off of every payment made, which guarantees them the lion’s share of gifted funds.
Nothing in Synergy Wealth System is marketed to or sold to retail customers. The postcards and services bundled with gifting payments are little more than marketing tools to further promote the scheme.
As with all cash gifting schemes, once recruitment of new participants dies down, so too will payments within the scheme.
Over time the bottom layer of the scheme grows, such to the point that mathematically most participants are guaranteed to lose money when Synergy Wealth System collapses.
Purportedly this scheme has operated for a number of years offline, with the online component introduced after offline recruitment cooled.
Going online will breathe a little more life into the gifting scam yet, but inevitably Synergy Wealth System will still collapse and leave most participants out of pocket.