PetronPay Review – It’s an Oil Barrel Investment Pyramid Scheme!
Welcome to my PetronPay review!
Investment platforms marketed by MLM companies are hit or miss. Most of the time, they’re not really good for anyone simply because they end up being pyramid schemes. They promise insane ROI’s for a minimum investment apart from the other income claims they make to reel you in.
One of the best examples of these investment platforms is PetronPay. And we’re going to find out why there’s a lot of things wrong with this pyramid scheme.
First of all, I must Congratulate you for taking your time to do your own research before buying into any "seemingly good" product.
That's the way to avoid scams and find the legitimate way to make money online!
Let me be completely transparent with you, I'm not associated with PetronPay in any form.
So, rest assured that I'm not here to pitch or sell anything to you.
Instead, I'm here to reveal what this pyramid scheme is out to get you with...
PetronPay Review Summary
Product Name: PetronPay
Founder: Johnny Grant (Fake)
Product Type: Oil Barrel Investment Pyramid Scheme
Price: $25 to $1999 investment plus various costs
Best For: No one
Summary: PetronPay is an oil barrel investment pyramid scheme founded by someone named Johnny Grant. It received a securities fraud warning by the Finland government, so we expect this program to disappear and possibly rebrand in the future.
Rating: 1/100
Recommended: No!
More...
What is PetronPay?
PetronPay is an investment platform/ MLM company that promises daily ROI of 0.2% and could go as high as 2.5%.
PetronPay Review - Landing Page
For people new to the world of investing, this is a very high ROI rate and could lure you into their trap by making you think you’re earning money passively.
Their landing page doesn’t really tell us who owns the platform, but their marketing videos say otherwise. Their marketing video presents someone named Johnny Grant, who happens to be the CEO of the company.
Their marketing videos are hosted on their unofficial YouTube channel where they have a lot of promotional videos targeting people from South Africa.
Doing due diligence to uncover Johnny Grant’s history led us nowhere. It’s like he just came out of the shadows to make people rich, apparently.
PetronPay Product Line
PetronPay offers no retail products or services within their compensation plan. Rather, you’re paying a membership into the income opportunity that would allow you to enjoy its benefits.
I'm Jerry!
I Created My Own 4-Figure Monthly Passive Income at just 21 Years Old!
Does The Product Work?
PetronPay claims they represent privileged investment that would allow investors to speculate on the price of oil barrels.
PetronPay Review - Founder Johnny Grant
But in reality, it’s nothing more than a pyramid scheme that targets African investors. The reason we say this is because there’s no proof that PetronPay has anything to do with oil or any other type of investment.
Speaking of investments, because they offer daily passive ROI, it constitutes securities offering. But they are not registered with any regulatory agency to carry out these transactions.
At the bare minimum, they’re committing securities fraud on top of violations of operating a pyramid scheme.
The only source of income is through new member investments, which are used to pay off members at the top tier of the pyramid. The remaining funds are distributed and diluted to the very bottom.
As long as you’re at the bottom of this pyramid, you’re not getting a single cent. Well quite frankly, no matter where you are at the pyramid, you’re not getting anything at all. The only people making money are Johnny Grant and his team.
How To Make Money with PetronPay?
PetronPay claims you can make money from their program via:
- Daily Passive ROI
- Recruitment commissions
How To Get Started with PetronPay?
PetronPay’s membership fees are tied to minimum investments. Of course, the more you invest, the more money you make.
- Barrel 25 – $5 admin fee + $25 investment
- Barrel 50 – $5 admin fee + $50 investment
- Barrel 99 – $10 admin fee + $99 investment
- Barrel 249 – $15 admin fee + $249 investment
- Barrel 499 – $15 admin fee + $499 investment
- Barrel 999 – $30 admin fee + $999 investment
- Barrel 1999 – $30 admin fee + $1999 investment
Once you reach 300% ROI, the fees above are repayable as recurring investment.
PetronPay Compensation Plan
ROI Commissions
PetronPay affiliates invest funds on the promise of an advertised 0.2% to 2.5% daily ROI:
- Barrel 25 – $25
- Barrel 50 – $50
- Barrel 99 – $99
- Barrel 249 – $249
- Barrel 499 – $499
- Barrel 999 – $999
- Barrel 1999 – $1999
Investment returns are capped at 300%, after which reinvestment is required to continue earning.
Direct Commissions
PetronPay pays direct commissions following a unilevel compensation structure. This places you at the top of the structure. Your direct recruits are placed under you and are labeled as your level 1’s.
Their recruits become your level 2’s, and become their own level 1’s. This goes on and on until level 6.
10% of funds invested are paid out via commissions across these levels as follows:
- level 1 (personally recruited affiliates) – 50% (of 10%)
- levels 2 to 6 – 10% (of 10%)
Residual Commissions
Their residual commissions pay via a binary compensation structure. Like the residual commissions, you’re placed at the top of the structure. Your recruits are placed on your left and right leg. Each leg will have their own team and so on.
Each investment tier corresponds with their own binary point value:
- Barrel 25 – 5 points
- Barrel 50 – 10 points
- Barrel 99 – 20 points
- Barrel 249 – 50 points
- Barrel 499 – 100 points
- Barrel 999 – 200 points
- Barrel 1999 – 400 points
These points are generated across the binary team when members are placed into the team and invest. PetronPay tallies up these new points on both sides of the team.
PetronPay Ugly Truths Revealed!
#1 Securities Fraud Warning!
PetronPay was issued a securities fraud warning by Finland, and it comes as no surprise. They’re offering passive income and they’re unregistered with their corresponding agencies that regulate financial transactions.
#2 Pyramid Scheme!
PetronPay is a pyramid scheme, and we can all see that from their compensation plan. It incentivizes nothing but recruitment. This recruitment is the source of income because this is where they generate investments. These investments are then used to generate the ROI income for their members.
Needless to say, there’s also no evidence that members outside of PetronPay’s management and leadership are being paid their commissions.
#3 Fake Promotional Materials
What’s funny here is that they try to market these fake headlines in Fortunes magazine. You can clearly see that the font styles and the photos of the persons in the cover are all photoshopped. The images aren’t even studio-quality.
PetronPay Review - Fake Magazines
Like this one here for example. This one’s nothing more than probably a social media profile picture.
PetronPay Review - More Fake Magazines
PetronPay Review - More Fake Magazines 2
For pyramid schemes, it’s not that uncommon to see fake promotional materials but these are probably the funniest we’ve ever seen.
What I Like About PetronPay?
PetronPay is a pyramid scheme. There’s nothing to like about this company at all.
Is PetronPay a Scam?
PetronPay is nothing more than a pyramid scheme. They’ve been issued a securities fraud warning in Finland and it’s safe to say that more will be coming.
There’s no proof that people here are making money, outside of Johnny Grant and his team. We don’t even think that he’s a real person to begin with.
It’s also quite funny how they used fake magazine headlines to make themselves look legitimate when it just looks like something a high-schooler made for their social media feeds.
This program is nothing but bad news. Stay away from it.
How I Make a Living Online?
I'm not a fan of MLM, not because it's illegal or not profitable, but because of all the restrictions and the expensive costs involved.
Instead, Affiliate Marketing is my top recommended business model for anyone to make money online.
The reason is simple...
- You don't have to recruit anyone to make money
- You have the freedom to promote any products you want and not being restricted to only promote the products from one MLM company
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In fact, with affiliate marketing...
I've personally created a 4-Figure Monthly Passive Income Stream and become financially independent at just 21 years old without any College degree or working experience!
Through my own hard work, I went from a broke restaurant waiter to living my dream laptop lifestyle in less than a year's time...
If you want to discover the secrets of how I did it at such a young age, click here!
