This is a very important update so please take the time to read it.
First of all, many of you will know that we recently introduced the Virtual Referral system on a trial basis in Mo Brabus V2.0. This system was introduced to help our less experienced Affiliates to progress within the business.
Over the last three months we have been watching the Virtual Referral system closely. Virtual Referrals are becoming VERY popular, in fact one could say they are becoming too popular and not being used for the purpose they were initially intended.
We have come to the realization that changes have to be made to the Virtual Referral system in the interest of all members and the company combined.
These changes are being made to avoid what you could call aggressive buyers taking advantage of the system.
There is an increasing “Trend” of members making VERY SUBSTANTIAL deposits and using the Virtual Referral system to leverage their own financial gain with no interest or regard for the growth of the community as a whole.
With this in mind and whilst still wanting to help our less experienced members we have decided that Virtual Referrals must offer less incentives than can be achieved by our members actively building a team.
Allowing a member to buy their way to the highest level of qualification is simply not fair to our average active team building Affiliates. After looking at the stats we are confident that allowing this to continue could possibly contribute to self inflicted stagnation in the future.
The following will be effective immediately:
MAXIMUM MONTHLY DEPOSIT
In the early days of Mo Brabus there was a maximum wallet deposit that was relaxed due to member feedback. Due to recent events we have decided to reinstate this maximum monthly deposit to discourage this trend of aggressive buying. The Maximum that you can now deposit into your wallet in a 30-day period is $9,900.
MAX VIRTUAL REFERRALS
The maximum number of Virtual referrals that you can now own has been reduced to 3. Those of you with more than three virtual referrals will be refunded $50 for each of the Virtual referrals being deducted, minus total revenue share earned from all. Remaining VR’S for those effected by the change will be re-set to 0 earnings meaning they will each earn you $50 over time. Refunds will take place over the next 72 hours.
REDUCTION IN CASHBACK AND REVSHARE.
Virtual referrals are designed to help members less experienced at marketing to get started, they are not supposed to be an indefinite solution to qualification. Moving forward anyone with active Virtual Referrals will earn at a 20% reduced rate compared to those with “real” active referrals.
EXAMPLE: If you are a Pro Member with 3 Virtual Referrals and two real referrals you will be qualified to earn cashback and revenue share at level 5 with a 20% reduction. The maximum cashback possible will be 32% cash back and $0.04 revenue share per pack per day.
NEW MAXIMUM DAILY WITHDRAWALS
The daily withdrawal limits will now be tied to a member’s qualification level.
BASIC MEMBER MAXIMUM DAILY WITHDRAWAL LIMITS
LEVEL 1. $50
LEVEL 2. $100
LEVEL 3. $150
LEVEL 4. $200
LEVEL 5. $250
PRO MAXIMUM DAILY WITHDRAWAL LIMITS
LEVEL 1 $100
LEVEL 2. $200
LEVEL 3. $300
LEVEL 4. $400
LEVEL 5. $ 500
Please note that holding the new maximum number of 3 Virtual Referrals will instantly qualify you for level three withdrawal limits.
We appreciate that a number of you will be quite disappointed by these changes but we assure you that these changes are being made with the best interest of ALL members and the platform in mind.
As Company Directors If we see something that could potentially have a negative effect on the platform and do not act accordingly to protect the community and its member’s interests we would be incompetent.
The Power-Point presentations will be updated accordingly to reflect these changes over the next 72 hours. Anyone in excess of their maximum packs due to these changes will not be able to buy until their packs fall below the maximum level.
REFERRALS PER HOUSEHOLD
As you are all aware unlike other platforms we do not restrict you to one account per household and this is another thing that is being taken advantage of by the same members taking advantage of the Virtual Referral System, because of this we are now going to restrict the number of accounts possible per household to 3. Existing accounts will remain unaffected. This change will only affect new members. Data has been logged of all accounts being run from the same IP addresses so we will know if any additional accounts are created.
INTRODUCTION OF VAT
After a number of meetings with our Legal and Accounting Teams we now need to introduce Value Added Tax to the platform. As every new business grows there is a legal requirement to charge VAT.
Within the next 72 hours we will begin charging 20% VAT on all Membership Subscriptions, for this reason all membership fees will have to be paid from spendable balance or from external funds. We will be introducing a “Pay Membership” button on the site so basic Members will not have to deposit the minimum of $20 in order to pay their Membership fee of $5 + VAT.
There will be no VAT on Standard Ad Packs as our cash back and revenue share credits system makes our standard ad packs exempt from VAT.
Our VAT Registration Number is. 241 1806 40 for more information on the new legislation that forces us to charge vat on digital services please see the following link. https://www.gov.uk/government/publications/vat-supplying-digital-services-to-private-consumers/vat-businesses-supplying-digital-services-to-private-consumers.
Please do not send any support tickets protesting to these changes, unfortunately our decision is final and once again these changes are being made in the best interest of all of our Members.
Pearse Donnelly & Trevor Fuggle
Mo Brabus Limited