I have recently joined an MLM company called Direct Advantage (http://www.directadvantage.org). The product that Direct Advantage offers is a prepaid MasterCard. When you use your card at selected stores, you will earn cash back. You also earn cash back from your referrals seven levels deep. You also earn a once off R50 for each level 1 member.
The prepaid MasterCard can also be used worldwide and online wherever Debit MasterCard is accepted. However, there is no cardholder name printed on the card which may cause problems with certain Internet transactions. For example, I have successfully used the card at http://www.take2.co.za/, but I cannot seem to get it to work on http://www.kalahari.net/.
To order the card, you will need to comply with FICA requirements. You will need to submit a certified copy of your ID as well as proof of residence (this cannot be older than 3 months).
The card costs R165 and there is a monthly fee of R35. There are also other fees as follows:
Transaction Decline/Return: R1.70
ATM Domestic Withdrawals: R4.50 + R0.75 or portion thereof.
ATM Balance Enquiry: R3.50
Point of Sale Domestic: R2.65
Point of Sale International: R13.50
Point of Sale Enquiry: R3.50
Point of Sale Decline: R3.00
Transfer to current of savings account: R3.00
EFT Bill Payments: R 3.00
SMS Balance: R 1.50
IVR Pin Change the first time is free, thereafter: R2.20
Replacement Card Fee: R50.00
Internet banking is also available at no additional cost.
Money can be added to the card by doing a cash deposit, cheque deposit or an EFT into an FNB account. There is no fee for depositing money onto the card.
Commissions are earned from the cash back received from purchases at selected stores. The more you and your downline spend at the selected stores, the more cash back you earn. Each store has a different cash back percentage. The cash back partners are listed at http://www.linkdirect.co.za. However, it seems that the cash back only applies to certain branches of selected stores.
The commissions are as follows:
Level 1: 20%
Level 2: 25%
Level 3: 10%
Level 4: 15%
Level 5: 8%
Level 6: 5%
Level 7: 3%
For example, lets say you have 3 people in your downline, 2 on your first level and 1 on your second level. You and your downline each spend R500 at Pick 'N Pay Equestria. The cash back percentage for this store is 7%. The cash back from this store would R35 (R500*0.07). You would receive R3.50 cash back on your own purchases (R35*0.10), R14 cash back from your first level in your downline (R35*0.20*2) and R8.75 from your second level in your downline (R35*0.25*1). There is also an income calculator on the website which might explain this better.
You will receive the cash back 60 to 90 days after the initial purchase. Thereafter, you will receive cash back on a monthly basis. For example, you start spending every month from February. In May, you will receive the cash back from February. In June, you will receive the cash back from March.
Please note that it is not possible to order the card without a referrer number. To order the card, please enter DAD26963 into the following fields:
Referrer DAD Membership Number
Administrator DAD Membership Number
If you have any questions, please let me know.