TranzactCard Review – SCAM or Legit Richard Smith MLM?
- MLM Reviews
- June 22, 2023
Welcome to my TranzactCard Review!
Have you ever thought about making a foray into the world of multi-level marketing (MLM)?
If so, there’s a good chance you’ve come across the name TranzactCard in your research.
But what exactly is TranzactCard?
Is it a legitimate business opportunity, or is it another dubious MLM operation?
Let’s dive into the details with a comprehensive TranzactCard review.
Now before I dive in…
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An income stream that doesn’t require:
- Inventory
- Selling to friends and family
- Selling to strangers
- Recruiting people
- Dealing with questionable products that weigh on your conscience
An income stream that brings in consistent revenues every single month (from a couple thousand dollars to well over $10,000)?
An income stream you could actually build in your spare time, and grow as large or as small as you want to, without having to spend hours a day chasing, selling, or managing anything?
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Now if you want to continue, keep reading…
What is TranzactCard Review
As you sit down with your cup of coffee, eager to learn about new business opportunities, you discover a company called TranzactCard.
Established in April 2023, TranzactCard represents an evolution in the financial sector.
Its primary product is a VISA credit card, a blend of both digital and physical transaction capabilities.
This card operates within the so-called TranzactCard Financial Ecosystem, usable in any corner of the globe that accepts Visa.
Doesn’t that sound like an intriguing concept?
Keep reading to find out more about this innovative company.
Who Runs TranzactCard
Richard Smith, a seasoned entrepreneur and the main orchestrator of TranzactCard, boasts a complex history, both captivating and cautionary.
He has previously steered The Digital Vault and R Network, both of which endured significant transitions, culminating in their sale to iX Global.
In the past, Smith was accused of non-compliance with SEC registration requirements, a charge serious enough to give any potential investor pause.
Can Smith make TranzactCard a success?
Let’s delve deeper to find out.
How Does TranzactCard Work
The appeal of TranzactCard lies in its unique business model, which is quite distinct from your typical MLM operation.
It hinges on a compensation plan primarily reliant on the usage of its VISA card by retail customers and affiliates who have been successfully recruited.
The calculation of commissions employs a method called Basis Points, determined from several factors, including transaction interchange fees, earnings from bank fees, bank incentives, product margins, and ad vendor volume incentives.
The company is transparent about how it counts these transactions, including them from both retail customers and affiliates in the recruited downlines.
Furthermore, the company is prudent with its affiliates’ potential earnings.
It places a cap on commissions earned from card usage by recruited affiliates at 30%.
If earnings fall below this threshold, TranzactCard takes steps to adjust the ratio.
This unique approach to MLM has raised many eyebrows.
But that’s not all.
The VISA card also introduces a unique reward system known as Z-Bucks, where spending money earns you rewards.
For every dollar you spend, you get 1 Z-Buck, which can then be spent on a wide range of products and services within TranzactCard’s internal marketplace.
Cost To Join TranzactCard Reviews
As enticing as it may sound, joining TranzactCard requires an initial commitment of $25 for the first 12 months.
Following this, a $4.95 monthly fee or an annual payment of $47.50 is required to maintain membership.
The company extends an open invitation to both retail customers and affiliates looking to join the TranzactCard family.
But the question remains – is the price tag worth the potential returns?
TranzactCard Scam: Final Verdict
After wading through all the details, conducting an exhaustive TranzactCard review, it becomes clear that the company walks a tightrope between potential and concern.
Yes, TranzactCard offers a tangible product, which separates it from some MLMs that deal solely in nebulous concepts.
But when it comes to the compensation structure, the outlook becomes murkier.
TranzactCard’s income examples indicate that affiliates frequently fail to generate profits, suggesting the business model’s unsustainability.
Furthermore, the lack of regulatory filings combined with the non-disclosure about the exact method of calculating returns hints at potential compliance issues.
Finally, the shadow of Richard Smith’s previous issues with securities fraud can’t be ignored.
Given the company’s history and Smith’s track record, anyone considering becoming a TranzactCard affiliate should proceed with caution.
Ensure you conduct comprehensive due diligence before signing on the dotted line.
In conclusion, TranzactCard presents a unique proposition in the MLM landscape.
Its innovative product, coupled with a distinct approach to MLM, sets it apart.
However, it’s crucial to weigh the potential risks against the possible rewards before committing to this venture.
After all, as with any business opportunity, the key to success lies in thorough research, careful consideration, and informed decision-making.
My Number 1 Recommendation
Do you want to know a 100% legit way to make an income from home?
What if you could build a passive income stream that’s actually passive?
An income stream that doesn’t require:
- Inventory
- Selling to friends and family
- Selling to strangers
- Recruiting people
- Dealing with questionable products that weigh on your conscience
An income stream that brings in consistent revenues every single month (from a couple thousand dollars to well over $10,000)?
Take a look at some of the results:
An income stream you could actually build in your spare time, and grow as large or as small as you want to, without having to spend hours a day chasing, selling, or managing anything?
If that sounds like something you’d be interested in, check out Digital Real Estate.
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See you at the top,
-Jesse Singh
P.S. If you are tired of failing ANY business, click here and check this out to take your game to the next level.