I am wondering if this is legit and the above comment makes no sense. lol. but thanks anyways. Here is the site; http://www.lyoness.com/ I did a little search and found this blog but how creditable is it ? http://www.cc-lyoness.blogspot.com Thanks in advance.
Why can't you post here on this topic ? Just want to get any reviews or feed back on Lyoness please. Anyone ???
I just read this; http://en.wikipedia.org/wiki/Lyoness Please tell me why you want to join this company? Am I missing something here !?!?! Anyone else have feed back ???
I can see how resale of gift cards could make you money but if the company is shut down for being a ponzi or like the funds will be seized or frozen and then what ?!?!? That would be a loss for you. Did you read the info I added earlier ? Does anyone else have any info to share on this ?
The company is not a ponzy, they have contracts with several stores and when you buy with your lyoness card you get some money back, like 1% or something like that. I don't know the exact numbers because i don't intend to enter this since you need to enter people under you to make real profit. You also get a % from what those under you buy. It's not much but if you can sell shit and get 100-1000 people under you, you can retire. This works well for taxis or people that drive a lot, in my country lyoness has contracts with MOL, which is a huge gas company from Hungary. So whenever you buy gas from them and use payoneer, you get some change back but so does your upline. So, if you can sell this to people, go for it, because it's not a ponzy.
Thanks for your feed back. Did you read this; http://en.wikipedia.org/wiki/Lyoness ? Why would this company have so much negative press about it being a Ponzi then if it is legit ?
Well, it says there that "participants receive discounts while shopping at companies affiliated to Lyoness". A ponzi pays its members from money deposited by other members, so i don't really see the connection here. They are indeed a "pyramid" as any MLM system is, but that's not always equal to ponzi. Anyway, the investment is insignificant and you should try them cause they definitely pay.
Did you see this ? Additional to the 1-2% cash back that Lyoness members receive, a percentage of the expenditures of members at Lyoness partner companies is transferred into the Lyoness position system – which is a system in which left-over discounts are saved up into positions.[12] When enough new positions are entered into the position chain, the holder of the original position is rewarded with earnings through a concept called ‘system commission’ or ‘loyalty commission’ and when 35 positions have been entered above the original position, as well as under the position, the original position is multiplied in value by 9 (i.e. a 50 euro position gains a value of 450 euros).[12] In order to become a Lyoness ‘Premium Member’, one needs to put in a down-payment of at least 2000 euros on future discounts.[14] Commonly, these 2000 euros are used to acquire 7 positions of 50 euros, 3 positions of 150 euros and 3 positions of 400 euros.[15] The partner companies (entitled ‘Loyalty Merchants’) offering discounts to Lyoness members, need to become a ‘Premium Member’ as well, meaning they also have to put in a down-payment on future discounts of at least 2000 euros as well, if they want to enrol in the ‘loyalty merchant program’ for a flat fee of $570 per shopping location.[16] If companies do not wish to become a ‘Premium Member’ of Lyoness, the sign-up fee is $1999 per location.[16] Additionally, they may be required to pay $26 per month in ‘network charges’.[17] and this; One year after Lyoness was founded, in 2004, the Austrian criminal police (Kriminalpolizei) published an article[24] in the December issue of its organisation’s magazine, in which it warned for the resurfacing of Ponzi schemes and pyramid schemes in Austria. Lyoness was explicitly mentioned in this article. Lyoness contested the allegations publicly.[25] In 2005, Austrian Parliament member, Johann Maier (SPÖ) asked the then-incumbent Austrian Minister of Justice (Karin Miklautsch, BZÖ) parliamentary questions about the reports filed against alleged pyramid schemes in Austria in 2004.[26] Lyoness was one of the organisations complaints were filed against.[26] In 2008, the Austrian Chamber of Labour (‘Arbeiterkammer’) of Steiermark issued a warning against Lyoness, listing its alleged privacy violations, misleading advertising, deceptive information and unrealistic and negligible benefits as red flags for doing business with Lyoness.[27] In 2010, the Vorarlberg branch of the Chamber of Labour issued a similarwarning.[28] The Chamber warned against the unreliability of the discount vouchers, the false and deceptive information spread by Lyoness, privacy violations, the redundancy of the ‘Cashback card’ and the unlikeliness of receiving any returns on investments if no-one is recruited into the system. In March 2010, the Swiss medium Beobachter published an article[29] by Pascale Hofmeier entitled ‘ Lyoness: Hands off’. In the article, Sara Stalder of the Swiss Consumer Union and Manuel Richard of the Swiss Gambling Commission warn consumers not to do business with Lyoness. In the beginning of 2012, Kleine Zeitung published an article[30]suggesting that Lyoness has deceived the masses by operating an irrelevant shopping community, whereas actually, it is all about the systems behind this community. L’Hebdo, a Swiss medium, reproduced a story about how Lyoness members are told that an investment of 3,000 CHF will eventually lead to 25,000 CHF in return, if enough new, down-paying members are recruited.[31] In February 2012, the Beobachter published an article[32] stating that, based on consideration of internal Lyoness communication, members are offered ‘bounties’ up to 45,000 CHF to provide ‘relevant information’ on Lyoness’ critics. A critic from Zurich was reported to have been sued for over 1 million CHF for ‘defamation’ after he contacted Lyoness’ partner companies in Switzerland in an attempt to explain the business model of Lyoness to them. The article also reported that the Lyoness business model seems to revolve aroundrecruiting activities instead of discounts and that Lyoness is internationally charged with forgery, fraud and hosting a pyramid scheme. Der Standard reported in July 2012 that the Austrian Economic and Corruption Prosecutor (‘WKStA’) has been granted jurisdiction to investigate and prosecute Lyoness inAustria.[33] Additionally, criminal charges are pending in Switzerland. The Swiss Handelszeitung mentioned a court case Lyoness lost, which revolved around the question as to whether Lyoness should have issued a financial prospectus before asking investors to finance their foreign-markets advertising campaigns.[34] In September 2012, the samenewspaper reported[35] that major, alleged Lyoness partners in Switzerland (Microsoft and Kuoni Travel) were announcing not to continue the partnerships, if there were any to begin with. The Wiener Zeitung reported[36] about a pending lawsuit initiated by the Austrian Consumer Organisation ‘VKI’ in March 2013. The VKI contests 61 clauses of Lyoness’ ‘General Terms and Conditions’, which it called opaque, uncertain, and/or meaningless.[36][37][38] Eric Breiteneder, hired as a legal representative by the organisation, also referred to the concepts used to distinguish various parts of – and benefits within the Lyoness business model as vague and/or undefined elsewhere.[39][40] The Handelszeitung reported about suspicions that high-level Lyoness members were earlier involved in (other) pyramid schemes, like the ‘Spirit of Independence’.[41] It also mentioned a system called ‘GTS’ (Global Trade System), operated by Erin Trade SA, as a former organisation tied to Hubert Freidl.[41] Like Lyoness, this company has been called a pyramid scheme in the public debate.[41] The Kleine Zeitung reported that various experts were looking at the investment schemes for advertising campaigns organised by Lyoness, and whether a prospectus was required before attracting capital from investors.[37] Lyoness-hired[42] professor Susanne Kalls concluded that no capital market regulations were violated by not issuing a prospectus; attorney Karl Hengstberger came to the opposite conclusion.[37] In the same article, Mathias Vorbach, spokesman of Lyoness, admits that Lyoness may have had some trouble before, but that those days are behind us – Lyoness has learned from its mistakes.[37] He asserts the message that legal problems have only appeared in Austria (a contested claim) and that 95% of the Lyoness members just shop and do not participate in the earning models offered by Lyoness.[37] However, theBeobachter, after reportedly considering internal Lyoness documents, published an article[43] suggesting that 99.7% of the Lyoness turnover derives from down-payments on future purchases, not from actual shopping or (saved up) discounts. Lyoness contests that it operates a pyramid scheme, as well as that it violated the relevant capital markets regulations when offering investments without issuing a prospectus.[44]
You seem to be pretty well informed, so what more can we tell you? You can however draw a conclusion from post #6 made by cybernegocios, which tries to sell you a 2000 euro account at a price of 1500 euro.
I know its old post but ...... Maybe I can help a bit . I'm premium member of Lyoness for past one and half year , only I could say its worth it . Now you can sign up with free membership and get money back at the more than 30,000 loyalty merchants or make down-payments on future purchases and you would need to purchase from the Lyoness site gift cards or shop online through Lyoness , then you can start your own shopping network business, which gives you more benefits , such as 10 ways to make profit in cash. This project consists of 7 billion people on the planet, all people buying and everyone wants to save money while they shop . In each market is Lyoness plan to take at least ten percent but in some countries Lyoness already take over twenty percent. You earn from your own purchases or you can earn from purchases from all people who make purchases in your shopping community. Choice is yours. I'm also looking a people in India , for my team there . Anyone you would like to make money from shopping and recommendations in India , just PM me for details . I'm also working in USA & Canada on this project .
I am of the same opinion as @macas. I too am a Premium Member and have been for ~8 months. Lyoness has been successful from my Western Canadian standpoint. The biggest issue I find when explaining the benefits of Lyoness to people is that they often get confused with the FREE card vs PREMIUM membership options. That being said, tools like http://pacesettersint.com/BarrettR/ created by business builders makes it easier and easier to explain and join Lyoness. I think @macas hits the all encompassing concept of saving money by saying, "you earn from your own purchases (which is really just saving - money knocked off a price by the retailer) or you can earn from purchases from all people who make purchases in your shopping community" (again really just saving - but this time any time a Lyoness merchant scans a membership card of someone in your shopping community essentially that merchant hands over both a savings to the primary purchaser, as well as a loyalty referral payment to you). It is the most effective way of marketing and with an individual airmile being worth something like 9.56 cents (as per Google), wouldn't you rather have cash back? As a final note, I often find it beneficial to explain Lyoness as being similar to Costco - With both memberships shoppers get a membership card as well as a cashback/discount on purchases made at participating locations. The difference is Costco memberships have a fee, you can only shop at Costco and you don't benefit from having your friends and family spend money there.