MyPay247 is a newly launched online platform that aims to empower as many individuals (Nigerians) as they can. Looking at the setup of the platform, it has been structured to provide help and raise for those who are in need.
With this information, many Nigerians would clearly see that it’s a Ponzi scheme and it is already a known rule that these things never seem to last and pay for long all because there are people trying to use the sense of others and make more profit for themselves.
Whilst the owners of MyPay247 claim that this is just a nonprofit charitable platform dedicated to the growth and development of its people, we all know that it’s a triangle scheme that works in a similar fashion as MMM.
I would like to let you know that we are not trying to promote MyPay247. We published this article to help you know what the risks and benefits of the platform.
I won’t hide the fact that I’ve given MyPay247 a try and at the moment of writing this article, I’m still using the platform. Some might ask isn’t it a Ponzi scheme, are these platforms not scam?
Honestly speaking, most online making money platforms are Ponzi schemes which tend to have winners and losers and since MyPay247 is still new, they’re paying but I can’t assure it would function much longer.
How MyPay247 works
MyPay247 is a member to member donation platform where participants donate and receive money willingly to one another. You get to pay N2,500 to someone and expect to receive N5,000 from 2 people before the end of 24 hours from the time you made payment.
It’s as simple as that! There’s no much explanation about how it works when it comes to how MyPay247 works, however, I’ll quickly explain how you make money and how you can make more money from this platform without having to scam someone to do that.
How you make money from MyPay247
Ordinarily, you can’t make money from Ponzi schemes if you join late, so if you’re lucky enough to have read this article on time, you would not worry about losing any cash because when you make payment of N2,500 to someone, you would get paid N5,000 (N2,500 interest) by 2 individuals under 24 hours, with this, you get the N2,500 you invested and N2,500 interest.
If you wish to keep getting N2,500 interest every day, you need to keep making donations (payments) to people to get extra N2,500 interest and it keeps going on like that until it eventually stops paying.
Now if you want to maximize your earnings and start getting N7,500 instead of N5,000 when you make a donation of N2,500, you need to become an affiliate for MyPay247 and refer people to join the platform. Although we know that before you can start referring people, you need to join the platform and make your first donation, so let me guide you on how you can register safely on the MyPay247 platform.
How to register on MyPay247
- Click here to go straight to MyPay247.com registration page.
- During registration, you would be asked to provide your name as it appears on your bank details, username & password for your account, phone number and your bank details that would be used to accept donations. Be careful when filling this info so as not to make any error whatsoever.
- Upon registration, login with your username and password.
- Immediately you login, you would be asked to make payment to someone with the person’s details all on the News Board area on the dashboard. You’re highly advised to make a call to the person that you’re making payment to just to let them know that you’re making payment to avoid getting scammed.
- After making the payment, click the I’ve paid button and let the person know that you have made payment. Once the member acknowledges your donation, the system will find two donors for you in return.
It takes a maximum of 24 hours for the system to find the two donors for you, so you should relax. If the person that’s meant to pay you refuses to make the payment, wait for the time showing on the screen to lapse then click “Not Paid” button. Upon clicking this, the system will find another donor for you. If also the person is trying to scam you by uploading fake payment proof, be sure donation is not received, then click on “Not Seen”. This automatically moves to the disputed transaction for thier investigation team and the erring member will be sanctioned.
Now going back to the affiliate program where you get to earn more from MyPay247, here’s how it works. On a normal day without being an affiliate, you will get two (2) donations for every one (1) donation you make but you could get up to three or more when you invite people to join the program.
The process is simple, for every 2 member that joins with your affiliate link, you will automatically qualify for one extra donation which is redeemable when you make a new donation i.e. once you have 2 members in your affiliate profile, you will receive X3 (triple) donations the next time you donate i.e N7,500 instead of N5,000.
There’s not really much I can tell you about how legit this platform is as I said earlier, we are not trying to promote MyPay247. We published this article to help you know what the risks and benefits of the platform. From this article which looks like MyPay247 review, you can deduce that this platform is not a get-rich-quick scheme as you can see that there are lots of limitations to getting rich quickly and even at that, we won’t overlook the fact that there are scammers out to make these platforms crash, so be careful when dealing on MyPay247.