Is PlanProMatrix your long-awaited ticket to freedom from your day job or just another waste of time?
While searching for an online opportunity to make money from home, you may have come across PlanProMatrix. This program is a well-known MLM company that some people have called a pyramid scheme. However, if you read on below, you will find out more about what we think about PlanProMatrix here at LegitWorkOnlineForReal.
Here at LegitWorkOnlineForReal, we are committed to finding out the facts about the online opportunities that are available. Scam online businesses as well. We perform in-depth research and then bring our findings to our valued readers so that they can make the best decisions. We are all about helping you choose which work-from-home opportunities are right for you.
Introduction:
PlanProMatrix Online is owned by Mark George B. Naval and has CEO Junnel Millano as its operations manager. Founded in 2013, the business promises to offer data entry jobs and e-loading opportunities to it’s loyal, paying members.
After signing up as a paid member, the member will have the opportunity to make money by performing data tasks, starting an e-loading business, as well as by getting a return on their investments.
When Did PlanProMatrix Start?:
PlanProMatrix started in 2013 and the goal of the company is to provide work-from-home income for people from all different backgrounds.
What is PlanProMatrix Online all about?
PlanProMatrix Online is an online job and earning opportunity that provides it’s members with the chance to make money in two different ways. The two ways to earn with this company are outlined below.
Filling Out CAPTCHAs
One of the ways the company claims that its members can earn money is with CAPTCHA encoding. CAPTCHA is a method designed to tell a human from an Autobot or computer. CAPTCHA encoding is used widely by many different websites to prevent hackers from accessing data. The fact that the company is offering this as an employment opportunity is questionable, as these forms are meant to be filled out by the actual website users themselves.
Advertising Agent
The next way that PlanProMatrix offers its members to make money is as an advertising agent. This referral-based system of earning is supposed to allow members to make an income based on their direct recruits. The name of the company’s compensation plan is called “Table of Exit” and this option is only available for members that choose the Premium package. It can be hard to understand exactly how this compensation plan works, so the breakdown of the plan is explained below:
- Matrix System: A member will be able to make Php300 for every two people they recruit.
- Pass3Unli – For the 2nd and up recruits, a member makes Php50.00 The Upline will be able to earn Php50.00 from the first recruit’s 1st, 3rd, and 5th direct recruits.
- Unilevel and Indirect referral commissions – These earn Php5.00 for each direct recruit as well as for the recruits of their downlines up to level 10.
- Profit-sharing – To qualify for this, a member will have to have recruited five direct downlines each month.
- Binary Matching Bonus- This bonus is offered when downlines activate through the associated binary. The bonus amount is Php100.00
- Binary Direct Downlines Commission – This allows a member to earn Php30.00 for every direct downline that activates their binary.
Is PlanProMatrix worth your time?
(BIG NOTICE!!) On July 16, 2019, the SEC ordered that PlanProMatrix halt all of it’s operations. Although PlanProMatrix countered and requested that the order be lifted, the case was reviewed and the SEC denied the motion. On November 11, 2019, the order was declared permanent. This means that PlanProMatrix was found to be a scam and a danger to the people who invested in it.
Pros:
- Easy to join
- Easy work that is simple to complete
Cons:
- The company is set up like a pyramid scheme
- PlanProMatrix has been ordered to cease operations by the SEC
What Are People Saying About PlanProMatrix?
“There can be no debate on the authority of the SEC to issue the subject CDO, provided that the conditions, therefore, i.e., that fraud has been perpetrated and grave injury is likely to be caused to the public, are extant,” -the CA
Our Conclusion For PlanProMatrix:
Ultimately, it looks as though PlanProMatrix was the worst type of Pyramid Scheme and investment fraud company. It promised so much to its members, yet delivered so little if anything at all. With the findings of the SEC and the order to cease operations, you won’t have to worry about considering PlanProMatrix for your work-at-home options. With this company, it looks like it’s best to steer clear and look elsewhere for a better online income-generating opportunity.
Here at LegitWorkOnlineForReal, we want to know what you think about our review. Have you found that your experience with PlanProMatrix is different or do you agree? We would love to hear from you in the comments below. As always, thank you for taking the time to read our review and we look forward to providing you with more informative content to help you in your online journey.
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