If you are trying to find out what is Payvic in real, either is Payvic.net a scam or a legit and searching the Payvic reviews for that, then you no need to search anymore because here, within our Payvic review, you are going to find out the complete truth about Payvic. Actually, Payvic is not a good company and we have listed it within our Bad and Scams category and if you want to know why, then you can find the details within our Payvic.net review as below. But, after knowing the fact that Payvic is a scam, if you don't want to find out more details on it, but instead want to find out the real opportunities to make money online, then you can find that by clicking this link:- newsonlineincome.com/legitimate-work-home-businesses/
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OK, now let's begin with our Payvic review as below in order to find out what is Payvic.net in real.
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Payvic login and join in link:- Payvic.net (Not recommended to join, it's a scam)
Payvic.net is a Ponzi Pyramid hybrid, which means Payvic is neither a legal, nor a sustainable company. There is not any verifiable source of income coming into the company other than the money invested by the affiliates. Although Payvic claims to make the profit from forex and cryptocurrency trading, but that is a lie because none of the forex or cryptocurrency traders can guarantee 12% daily for 20 days or 2000% profit in 70 days. So, it is clear that Payvic will use the money invested by new affiliates to pay the existing affiliates, which is completely a Ponzi scheme. Even it will pay only at starting so that it can lure more people into its scheme. But later it will completely stop paying and run away with the money of majority of members. That is how every Ponzi schemes are operated.
Like in MLM (Multi Level Marketing) companies, Payvic pays commission up to three level downlines on the sales of its ROI plans. So, paying commissions on the sales of ROI plans without selling any real products or services, makes Payvic a Pyramid scheme. If you don't know what is Ponzi and Pyramid scheme, then you can find the details by clicking the following respective links:-
Ponzi Scheme:- newsonlineincome.com/ponzi-scheme/
Pyramid Scheme:- newsonlineincome.com/2017/03/06/what-is-pyramid-scheme/
The other reasons which indicate Payvic.net is a scam are:-
1. Unclear owner details:-
If you check the WHOIS detail of Payvic.net or its official website, you can't find out any information about who and from where is operating and running the Payvic. In online business industry, hiding owner details should not be taken lightly because none of the legit companies hide their owner details, only scam companies do. Instead, like other illegal companies, Payvic has also provided the registration document from UK Companies House which is very easy to register because we can register company in UK Companies House just by paying 20 GBP for which even no need to provide the real address, but just can rent the address from virtual address services and use that address to register company in UK Companies House. Actually, that registration is not a license to run an investment company, but just a registration for a tax purpose. There were thousands of companies that have been already turned into scam which were registered in UK Companies House which proves that the registration with UK Companies House doesn't stop any company to turn into scam.
2. Bogus Business Model:-
If anyone has a real system to generate 2000% profit in 70 days, they will not collect the investment from several people like Payvic is doing. Instead, they will just take a loan from a bank in much more lower rate, around 1% monthly and make a huge profit. After all paying 1% monthly to the bank is much more easier than paying 2000% in 70 days to the several investors. So, the business model of Ponzi scheme never makes any sense and proves itself to be a bogus.
3. Illegal Scheme:-
Like we have said before, the business model of Payvic is a combination of two illegal schemes, Ponzi and Pyramid. So, at starting they will pay to few members/investors using the money invested by new investors so that they can gain the trust of more people and lure them into their scam and when they gather tons of money, they will just stop paying or even completely shutdown their site. So, stay away from these kinds of sites.
Aforementioned, now it is clear why Payvic is a scam company. That's why we have listed Payvic within our Bad and Scams category.
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