Chat to Text facebook app MLM - Caveat Emptor
I got contacted about some facebook app with a multi level commission program that appears to be using paypal as the payment processor.
This app is called Chat to text.
1. At first glance this app function looks like a neat idea.
2. Multi-level affiliate programs are prohibited by paypal.
This could be a problem for promoters of this MLM and the owner since any paypal account associated with an MLM is likely to be shut down.
3. Business opportunities are also prohibited by paypal. This app is being marketed as a get rich quick scheme.
4. There are a myriad of other potential problems ranging from Facebook tos, federal Network Marketing financial reporting laws, whether the referral program is actually legal or not etc.
This may be a legit business model and a cool idea... or it may not. But it looks like it has some essential flaws in its foundation. So if you are going to invest your time and money into promoting such things...
Be careful and do your due diligence. I notice some warriors already promoting this.
Caveat emptor.
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Naomi
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