Welcome to my FreeBay Review.
FreeBay Review – Company Info
Freebay is a new company that is based in Switzerland. Founder and CEO Jurgen Pulvermuller has been with Karatbars for over a decade. His role is to serve as an outreach for the company’s products and services. In the meantime, he hopes to generate a substantial profit from their cumulative proceeds. This might be the typical Ponzi media maze of MLMs, but this company is far from it.
FreeBay Review – Products
As a Freebay review, it is important to note that the company lacks a product or service. In exchange for membership fees, prospects are told to invest a certain amount of Euros into a “cryptocurrency” called “V999”. Unfortunately, V999 is a useless digital currency, which does nothing to promote Freebay or any other product. This platform also teaches how to recruit and grow a downline, but it is far from a viable business model.
FreeBay Review – Compensation Plan
Affiliates of the company sign up and invest in V999 tokens. Following are the affiliate membership plans:
- EVO Academy — €50 monthly or €480 annually
- EVO Expert — €190 monthly or €1820 annually
- EVO Life — €480 monthly or €4600 annually
An internal exchange facilitates the conversion of fiat to V999 tokens. Affiliates receive commissions when they recruit new people who then invest money in V999 tokens.
This Freebay review focuses on the compensation plan and the business model behind it. Unlike the predecessor, the company does not offer any retail products or services. Instead, its members earn commissions and bonuses by recruiting new members. This compensation plan is similar to a pyramid scheme, but it lacks financial regulation and does not have any tangible products. The FTC has classified Freebay as a Ponzi scheme, so it is best to proceed with caution before signing up.
Freebay Affiliate Ranks
There are twelve affiliate ranks within Freebay’s compensation plan.
Along with their respective qualification criteria, they are as follows:
- One Star Sapphire — sign up as a Freebay affiliate
- Two Star Sapphire — generate €5000 in downline monthly membership fee volume
- Three Star Sapphire — sign up with EVO Academy or generate €10,000 in downline monthly membership fee volume
- One Star Emerald — sign up with EVO Expert or generate €15,000 in downline monthly membership fee volume
- Two Star Emerald — sign up with EVO Life or develop a unilevel leg generating €25,000 a month and €15,000 throughout the rest of your unilevel team
- Three Star Emerald — develop a unilevel leg generating €50,000 a month and €30,000 through the rest of your unilevel team
- One Star Ruby — develop a unilevel leg generating €100,000 a month and €50,000 through the rest of your unilevel team
- Two Star Ruby — develop a unilevel leg generating €250,000 a month and €150,000 through the rest of your unilevel team
- Three Star Ruby — develop two unilevel legs generating €500,000 and €250,000 a month respectively, and €100,000 through the rest of your unilevel team
- One Star Diamond — develop two unilevel legs generating €1,500,000 and €1,000,000 a month respectively, and €1,000,000 through the rest of your unilevel team
- Two Star Diamond — develop two unilevel legs generating €2,500,000 and €1,500,000 a month respectively, and €1,000,000 through the rest of your unilevel team
- Three Star Diamond — develop two unilevel legs generating €5,000,000 and €2,500,000 a month respectively, and €2,000,000 through the rest of your unilevel team
Another major problem with Freebay is that it lacks a product. All it has is generic training videos that are only worth watching. This company tries to entice people with a low investment with their show. However, this is not a legitimate business model and should not be considered an option for making extra income. In fact, Freebay is an MLM program that does not have a product. Rather, it is an online investment opportunity that requires very little money to start. If you can do it consistently, it could replace your day job.
Freebay pays a commission on recruited affiliate membership fees.
Recruitment commission rates are based on how much a Freebay affiliate pays when they sign up:
- One Star Sapphires earn a 7% recruitment commission rate
- Two Star Sapphires earn a 15% recruitment commission rate
- Three Star Sapphires (or sign up with EVO Academy) earn a 21% recruitment commission rate
- One Star Emeralds (or sign up with EVO Expert) earn a 23% recruitment commission rate
- Two Star Emeralds (or sign up with EVO Life) earn a 25% recruitment commission rate
- Three Star Emeralds earn a 26% recruitment commission rate
- One Star Rubys earn a 27% recruitment commission rate
- Two Star Rubys earn a 28% recruitment commission rate
- Three Star Rubys earn a 29% recruitment commission rate
- One Star Diamonds earn a 30% recruitment commission rate
- Two Star Diamonds earn a 31% recruitment commission rate
- Three Star Diamonds earn a 32% recruitment commission rate
Residual Recruitment Commissions
The company also pays residual recruitment commissions via a binary compensation structure. These commissions are based on volume generated on the recruitment of Freebay affiliates.
Volume (GV) across the binary team is generated as follows:
- EVO Academy monthly payment equals 2 GV
- EVO Academy annual payment equals 24 GV
- EVO Expert monthly payment equals 5 GV
- EVO Expert annual payment equals 60 GV
- EVO Life monthly payment equals 10 GV
- EVO Life annual payment equals 120 GV
GV = Group Volume
FreeBay Review – How It Works
The reason why Freebay isn’t legitimate is that it lacks a product. All the training videos are generic and do not provide any value for the money paid for them. The only product is an education platform. The company’s revenue is generated through recruitment of new members, which is a typical MLM scam. A company like this can’t be called legit, and it doesn’t offer anything of value. You’ll never be able to earn more than the costs of the training videos, which can add up to thousands of dollars over time.
FreeBay Review – Cost To Join
Although Freebay is relatively new, it has already received mixed reviews from the public. The founder of the company is Seiz, who runs a similar business. He is a former MLM consultant and the founder of a network marketing program. In this case, he’s a member of a company that isn’t licensed in the United States. While the business is supposedly legal, it is not regulated.
The Freebay review says that this company is a Ponzi scheme that’s been around for a few years. The founder, Jurgen Pulvermuller, is a veteran in MLM and has worked with many international organizations. As a result, his reputation is quite good. In fact, his success in this industry was built on his ability to recruit. This is a hallmark of a scam. The company’s product is a show.
Is FreeBay a Scam?
Freebay’s product is a show. It’s not a real product. Instead, members are asked to invest a certain amount of money (V999) in order to get started. These funds will be converted to crypto currency that is worthless. Furthermore, the company’s products are only for sales and recruitment. It’s not a legitimate business and it’s an MLM. It’s an illegal pyramid scheme, so it’s important to avoid it.
As a new company, Freebay offers a product that’s completely lacking in substance. A basic product is an education platform where a prospect is instructed to invest a certain amount of Euros and then make a purchase from their affiliate link. This money is then converted into a useless cryptocurrency, called V999. As a pyramid scheme, it is difficult to determine the validity of a particular company. But a company’s reputation depends on the credibility of its founders.