Paymatch was launched with the hope of getting members to provide help and get help from one another as it is with other Ponzi schemes.
The scheme offers different packages with promise of 100% returns on investment.
Looking at the ideology behind most of these ponzi schemes,which is to get as many investors as they can to invest their money and pay to the administrators first after which the system begin to match participants to one another until their are no longer new participants to be merged.
Paymatch has several packages where you donate a certain sum and expect return within 7 days or less. There is NGN10,000 package, NGN20,000, NGN50,000 and NGN100,000 packages.
Following the usual procedure of its predecessor, an investor is expected to pay another individual participant within the community and earn 100% interest on investment within 1-7 days as stated on the website. While a participant pays another, system matches with other participants willing to to provide you with help as well when once your donation has been certified true and confirmed by the recipient.”The only thing that PAY-MATCH demands from its participants is to be honest and kind to each other. You ask for monetary assistance when you are in need of it and you provide financial assistance when you are able to do it. The very combination of PAY-MATCH and fair financial system makes this possible for us to establish significant changes in modern world”.says the message on the website
The promoter of the scheme claim ‘PAY-MATCH is a community where people facilitate one another. Paymatch provides you a technical platform that facilitates innumerable participants worldwide to find and connect with the people who would like to extend their helping hand just like yourself to other people in the community who are seeking timely help, and that too for FREE. All transferred funds to different participants are DONATIONS and not investments. You offer your moral gesture to help somebody in NEED. If you’re utterly sure about the basic concept and your actions and made up a decision with sound mind to participate, we kindly request you to dig more information, learn rules, read instructions and warnings first. In case you have more questions about this subject please do not hesitate to contact support and we will be happy to answer. PAY-MATCH works as a community of people who have volunteered to participate in the act of providing each other monetary assistance on the basic principle of gratuitousness, reciprocity and benevolence. In PAY-MATCH you don’t have to be compelled to create contracts or pledge your property. There are not any lenders and no debtors. ”
An individual can be a beneficiary of the scheme if he is among the first 10 people that register on the scheme but you might eventually lose when the cycle breaks and their are no longer referrals or new participants.
It is more advisable to invest your money in a legal business that the profit will come gradually that looking for fast money.