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MyGeces System Review – Scam or Legit? Compensation Plan Breakdown

Welcome to MyGeces System Review.

One of the questions that we need to find out before we join an opportunity that we can make money with is to see if it is a scam or not.

We wouldn’t want to join an opportunity to be frustrated and heartbroken later down the road to find out the company got shut down due to non-compliance or the owner jumps ship with everyone’s money.

We are going to help determine whether it is a scam or not by taking a close look at the company and owner information, the products they offer, and the compensation plan details.

MyGeces System Review

Then we are going to gather all of the information and make a judgment based on compliance and the background experience that the owner has.

The reason why we decided to take a closer look at the MyGeces System opportunity was that of some of the promotions that we’ve run across online.

With that said, let’s dig in and see what we can learn.

MyGeces System Review – What Is It?

MyGeces System Reviews

MyGeces System is an MLM company that offers the ability to earn money through the compensation plan they offer.

This is done by referring people to the opportunity that sign up through your affiliate link and make an investment.

The opportunity also offers the ability to earn through multiple programs that are “pre-decided” and incorporated inside the system.

So far so good, but we still need to dig deeper to learn more.

Company Overview

When learning about a company that we can make money with we really like to see who owns or runs the company.

This gives us the opportunity to dig deeper and learn about the background and experience the company owner has.

However, this is not part of the compliance “must-haves”, but we do like to see that the company owner has nothing to hide and offers a bit more trust.

MyGeces System Company Owner CEO Unknown

Unfortunately, the MyGeces System company offers no information on who owns or runs it on the company website.

We dug a little deeper and researched the domain name information and here is what was found:

  • The domain name “mygeces.com” was registered on 6-19-2018.
  • The domain name was privately registered.

Because the domain name was registered privately, there was no additional information found when doing the domain name lookup.

With that said, the company has been running for about half a year so far which is also a decent sign.

That is all we have with the information that was provided by the company website.

Let’s move on to the products.

Another great review: Inexx Networking Review – Scam or Legit? Compensation Plan Breakdown

MyGeces System Products Review

MyGeces System Products Review No Retail

In this section of the review, we are going to take a look at the MyGeces System products.

When dealing with any MLM company, to be in compliance with the law you need to offer retail products.

Unfortunately, MyGeces System does not provide any “retail” products or services for a customer-only purchase.

The only option is to join as an affiliate member that has the ability to earn commissions by promoting the opportunity.

That is all the information on the products that were found which was none, so let’s move on to the next section.

Another great review: Crypto Pros Review – Scam or Legit? Compensation Plan Breakdown

MyGeces System Compensation Plan Breakdown

MyGeces System Compensation Plan Breakdown

In this section of the review, we are going to take a look at the MyGeces System compensation plan and how you can make money with it.

There is only 1 way to earn money with the compensation plan which is by referring others.

The compensation plan is structured in an MLM “cycler” type of matrix pay plan.

The way that the Cycler compensation plan works are you will have multiple Matrix boards that you can fill.

Once you fill your first matrix board, you will “cycle” out a commission and qualify for the next available matrix board that offers higher commission payouts.

MyGeces System offers 9 boards that you can cycle through that all consist of a 2X2 matrix.

The way that the 2X2 matrix is structure is this:

  • You will be at the top of the matrix.
  • There will be only 2 positions that will fill left to right on your first level.
  • The second level will consist of 4 positions that will be filled left to right as well.
  • Your personally referred members can also refer others to fill positions in your matrix, but they will need to fill their matrix boards as well that are structured the same.
  • Once all 6 positions are filled you qualify for the next 2X2 matrix board that offers higher commissions.

Hopefully, that makes more sense for those that are not that familiar with how this particular “cycler” compensation plan works.

Once you fill your first matrix board and “cycle” to the next a few things will happen.

  • You earn a percentage of the commissions.
  • Part of the commissions that you earned will be used to pay access to your next matrix board.

As you progress through the boards, your commissions will get higher.

Here is a breakdown of what that looks like:

  • Feeder Matrix Board – This board will cost $10 to get started. Once you “cycle” out by filling all 6 positions you will earn a $5 commission and cycle into your next matrix board.
  • Bronze Matrix 1 Board – This board will cost $30 to get started. Once you “cycle” out by filling all 6 positions you will earn a $40 commission and cycle into your Bronze Matrix 2 board.
  • Bronze Matrix 2 Board – When you “cycle” out of this board you will earn a $50 commission and you will also generate a new Bronze Matrix 2 position for yourself. When filled cycles you into the Silver Matrix 1 board.
  • Silver Matrix 1 Board – When you “cycle” out of this board you will earn a $100 commission. When all 6 positions are filled on this board will “cycle” you into Silver Matrix 2.
  • Silver Matrix 2 Board – When you “cycle” out of this board you will earn a $150 commission and will generate a new Silver Matrix 2 position for yourself. When all 6 positions are filled on this board will “cycle” you into Gold Matrix 1.
  • Gold Matrix 1 Board – When you “cycle” out of this board you will earn a $300 commission. When all 6 positions are filled on this board will “cycle” you into Gold Matrix 2.
  • Gold Matrix 2 Board – When you “cycle” out of this board you will earn a $400 commission, generates a new Gold Matrix 2 position for yourself. When all 6 positions are filled on this board will “cycle” you into Diamond Matrix 1.
  • Diamond Matrix 1 Board – When you “cycle” out of this board you will earn a $600 commission. When all 6 positions are filled on this board will “cycle” you into Diamond Matrix 2.
  • Diamond Matrix 2 Board – When you “cycle” out of this board you will earn an $800 commission and generates a new Diamond Matrix 2 position for yourself.

The Sponsor Bonus commissions that MyGeces System offers will be paid once your personally referred members get started and pay their initial investment and also when they “cycle” into each board.

The commissions earned will be a set amount per Matrix Board your personally sponsored members “cycle” into.

Here is a breakdown of what that looks like:

  • Feeder Matrix Board – When your personally enrolled members join this board you will earn a $5 sponsor commission.
  • Bronze Matrix 1 Board – When your personally enrolled members join this board you will earn a $20 sponsor commission.
  • Bronze Matrix 2 Board – When your personally enrolled members join this board you will earn a $25 sponsor commission.
  • Silver Matrix 1 Board – When your personally enrolled members join this board you will earn a $50 sponsor commission.
  • Silver Matrix 2 Board – When your personally enrolled members join this board you will earn a $75 sponsor commission.
  • Gold Matrix 1 Board – When your personally enrolled members join this board you will earn a $150 sponsor commission.
  • Gold Matrix 2 Board – When your personally enrolled members join this board you will earn a $200 sponsor commission.
  • Diamond Matrix 1 Board – When your personally enrolled members join this board you will earn a $300 sponsor commission.
  • Diamond Matrix 2 Board – When your personally enrolled members join this board you will earn a $400 sponsor commission.

Pass-Up Bonus Commissions

The MyGeces System compensation also has a “pass-up” element to their compensation plan.

How Do You Make Money With MyGeces System

This commission is paid when your personally sponsored members cycle out of one of the Matrix Boards to the next.

You will have to “pass up” your 1st and 4th referral commissions to your sponsor.

You keep your personally referred 2nd, 3rd, 5th, 6th, 7th, commissions, and so on.

When this happens a certain amount of money is “passed-up” to upline members that are on your unilevel compensation plan structure.

With that said, here is a breakdown of what you can earn with this:

  • Feeder Matrix Board – This board offers no pass-up commissions.
  • Bronze Matrix 1 Board – When your personally referred members “cycle” out of this board you will earn $5.
  • Bronze Matrix 2 Board – When your personally referred members “cycle” out of this board you will earn $10.
  • Silver Matrix 1 Board – When your personally referred members “cycle” out of this board you will earn $25.
  • Silver Matrix 2 Board – When your personally referred members “cycle” out of this board you will earn $50.
  • Gold Matrix 1 Board – When your personally referred members “cycle” out of this board you will earn $50.
  • Gold Matrix 2 Board – When your personally referred members “cycle” out of this board you will earn $100.
  • Diamond Matrix 1 Board – When your personally referred members “cycle” out of this board you will earn $100.
  • Diamond Matrix 2 Board – When your personally referred members “cycle” out of this board you will earn $200.

Remember that your 1st and 4th personally referred members commissions will be passed up to your sponsor for this bonus.

That is all there is to the MyGeces System compensation plan and how you can earn money with it.

Let’s continue.

Another great review: AdFeedz Review – Scam or Legit? Compensation Plan Breakdown

MyGeces System Q and A Section

In this section of the review, we are going to answer some of the questions that people may have when thinking about joining the MyGeced System opportunity.

Is MyGeces System Accredited With The BBB?

No, MyGeces System is not accredited by the Better Business Bureau.

This is most likely because the company is still new, but even if they had a rating or reviews, I still would not really go by what the BBB rates it and would rather look at how it works and what the company offers.

This is because the BBB has been known to have manipulated ratings from 3rd party service companies that specialize in improving and worsening companies rating that anyone can purchase.

What’s The Cost To Join MyGeces System

You can actually create an account for free but this won’t offer much of anything.

In order to take full advantage of the compensation plan that MyGeces offers you will need to invest at least $10 to get started.

The next section will cover what many of you are here to learn today, which is…

Is MyGeces System A Scam or Legit Opportunity?

Is MyGeces System A Scam or Legit Opportunity

In my opinion, because the MyGeces System offers an MLM aspect to it and does not provide any retail products it is a scam.

More specifically, a Ponzi Scheme according to the FTC website and what they have listed for MLM compliance.

If they offered just 2 levels of commissions and presented it as an affiliate marketing program system that promotes other money-making programs it would be in fair compliance.

Related articles: MLM Reviews, Scams, and Compensation Plans

My Final MyGeces System Review and Thoughts

In this section of the review, I am going to share my final thoughts about the MyGeces opportunity as a whole.

We have taken the time to review the company and (lack of) owner information, the products, and the compensation plan.

We have given our reasons why we felt that the MyGeces System opportunity is a scam.

So, what are your thoughts about the program with what you know now?

But here is the question…

Do we recommend the MyGeces System opportunity?

No, we do not recommend the MyGeces System opportunity because of the red flag reasons we stated earlier.

We have come accustomed to really not liking the MLM “Cycler” type of money-making programs because many of them have the same issues which are:

  • No retail products!

There were only maybe 2 or 3 in the over 10 years that I’ve been reviewing money-making programs that I’ve encountered a good and legitimate “cycler” program that was in compliance.

I understand they offer a feeder type of program that will “feed” your referrals into a few other programs that the company itself determines, but it still doesn’t make this program in compliance.

With that said…

I hope you enjoyed my MyGeces System review.

Make sure to click on the social share buttons on this review and share it with others so that people can learn exactly what the Mygeces System opportunity is really all about.

Thank you!

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