I believe money exchanger is not new to most online business-oriented minds, but today I am going to tell you what most people don’t know. I am not an associate or stakeholder of Money exchanger because I will like to give you an unbiased opinion about this.
Most people are anxious to know what it is, if they could trust money exchanger or if they are going to get scammed. Am sure by the time you are done reading this review, your curiosity will eventually be satisfied. If you follow our post on this blog, you will notice that we a reputation of giving comprehensive and unbiased reviews even of similar schemes to Money Exchanger such as Titan Trade Club, BTChamps2, Bitcoins5, upto crypto and so many others.
What you should know about Money Exchanger
The website (www.moneyexchanger.biz) just like others of its kind didn’t provide any information with regards to who owns the company, where it came out from or when it actually started. This simply means that the man behind the mask is bent on being invisible. The domain name was registered on the 7th of April 2017 and the owner of the domain is Obakeng Morake with an address in South Africa. If you are very familiar MLM I think the name ‘Obakeng Morake’ should sound familiar because this is not the only MLM with that name. The name was first noticed in 2015 as the founder of “we share crowdfunding” that folded in 2016
What are the products in Money Exchanger?
There are no products. They sell nothing hence the only ‘membership‘ could be offered by affiliates to interested persons.
Money Exchanger Compensation Plan
Affiliates are basically compensated in Dollars (USD), Rands(South Africa), Nigerian Naira and Bitcoin (btc) through a 2×5 matrix. Affiliates pay money to other affiliates after registration though they are entitled to choose which currency they would like to deal on. The currency an affiliate chooses determines the matrix pattern to be followed. It works like this:
For United States Dollars
Level 1 – Affiliates here gives 10 dollars and receive 10 dollars each from two other affiliates
Level 2 – Affiliates here gives 15 dollars and receive 15 dollars each from four other affiliates
Level 3 – Affiliates here gives 40 dollars and receive 40 dollars each from eight other affiliates
Level 4 – Affiliates here gives 80 dollars and receive 80 dollars each from sixteen other affiliates
Level 5 – Affiliates here gives 150 dollars and receive 150s dollars each from thirty-two other affiliates
Using South African Currency (Rand)
Level 1 — Affiliates here gives R100 and receive R100 from two other affiliates
Level 2 — Affiliates here gives R150 and receive R150 from four other affiliates
Level 3 — Affiliates here gives R400 and receive R400 from eight other affiliates
Level 4 — Affiliates here gives R800 and receive R800 from sixteen other affiliates
Level 5 — Affiliates here gives R1500 and receive R1500 from thirty-two other affiliates
Using Nigerian Currency (Naira)
Level 1 — Affiliates here gives ₦3000 and receive ₦3000 from two other affiliates
Level 2 — Affiliates here gives ₦4500 and receive ₦4500 from four other affiliates
Level 3 — Affiliates here gives ₦13,000 receive ₦13,000 from eight other affiliates
Level 4 — Affiliates here give ₦26,000 and receive ₦26,000 from sixteen other affiliates
Level 5 — Affiliates here gives ₦48,000 and receive ₦48,000 from thirty-two other affiliates
In Money Exchanger, the cost of membership is absolutely none. There is no cost for membership but you must give out money to affiliates based on the level you are about going into as shown above.
Here comes the big question, Should we shortlist money exchange as a scam site?
I would say not really though there are some certain factors that we should note
Money Exchanger is a typical MLM Ponzi scheme where the money made by old members is the money lost by members. So if you are a good marketer and you can recruit members very fast, then you might make some money exchanger. But know that the people you invite might not make any money.
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Conclusion on Money Exchanger
I could say Mr Obakekeng Morake lost some cash while running we share crowdfunding and he hopes to make up for that by running money exchanger. The principle of money exchanger is simply giving out cash to old members and definitely new members are going to make up for your gifted cash with profit.
Money exchanger is an illegal scheme because it’s pure cash gifting, hence you could lose your money. As we all know the beginning is always juicy but once member’s stops coming in then it’s game over.
I hope you find the information in my money exchanger review helpful. So do me a favour and share on social media using the icon below. Thank you.
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