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Originally Posted by chadglni
I made a shitpile promoting paypal when it came out. They were backed by millions of dollars.
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That's what I'm talking about.
And to be clear, here is exactly what you get for signing up (sorry if some of my earlier post were off):
When you sign up your get $25 in WebCash. This will only be able to be spent online with the merchants I mentioned earlier (plus many others).
For each person that signs up under you, you will get $5 (again in WebCash) unless they deposit $100 to become a gold member, in which case you will get $25 ($9 Webcash, $16 real money).
As you can see they will have $100 in real money coming in for every $16 going out. I do not see how that is an unrealistic scenario for them to make money especially when you must assume that they are starting off with 30 or 40 million in the bank.
Also, the Webcash will likely need to be spent in conjunction with real money to buy tangible goods. For example when buying a toaster oven from Target you might need to pay $30 real money and $20 WebCash. Each merchant gets to choose what percentage of WebCash they will accept for each transaction.
So for the 10 people I have under me now, I will get $75 in WebCash (got $25 for signing up) plus more if any of my people go gold. Again, Green Zap doesn't have any of my banking info, so I don't see where I have anything to lose.