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Thread: FlexKom aka Flexcom aka Weeconomy - legitimate MLM or scam ??

  1. #451
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    re: FlexKom aka Flexcom aka Weeconomy - legitimate MLM or scam ??

    Quote Originally Posted by watsco
    Last weekend close to 10,000 terminals where sold to mostly business owners in Paris.
    10,000 units sold in one weekend ???

    You're not very good at this pimping business, are you ??

    Next time you feel like posting nonsense like that again, please remember this Thought for the Day:

    The only thing necessary for the triumph of evil is for good men to do nothing

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  3. #452
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    re: FlexKom aka Flexcom aka Weeconomy - legitimate MLM or scam ??

    Quote Originally Posted by ribshaw View Post
    Watsco, was hoping you might be able to do a comparison of Flexcom against Geebo https://mygeebo.com/for-business-owners/.

    The only reason I know about it is Barbara Corcoran advertises for it on Bloomberg, have not heard similar ads for Flexcom, but maybe Donald Trump can put in a kind word. From the site, the platform looks pretty robust for business owners, and they offer protected territories for licensees, something that seems alien to Flexcom as we saw in Turkey.
    I just looked at Geebo quickly so not sure their exact business model. But if they are just selling licenses through their main office it will take them a while to expand their network in other countries. My understanding of Geebo is like a yelp with offers type service mixed with a new mobile payment solution that could lower the credit card fees for the merchant. I don't see a loyalty rewards system or cash back and residuals for the merchants. So the Merchants are giving discounts in order to get more and new customers in a closed system.

    FlexKom's model limits the amount of licenses sold in an area. There are already several cities that have been closed for new GTM's in AL and TN. The total number of reps is pre determined with some room to compensate for GTM's that wont actually be part of selling. Trinidad Tobago a (small island) is completely closed for new reps. Turkey had issues with this part as well it is understood that Turkey was far from perfect, but now getting better.

  4. #453
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    re: FlexKom aka Flexcom aka Weeconomy - legitimate MLM or scam ??

    Quote Originally Posted by littleroundman View Post
    10,000 units sold in one weekend ???

    You're not very good at this pimping business, are you ??

    Next time you feel like posting nonsense like that again, please remember this Thought for the Day:

    Let me reconfirm those numbers. In Slovenia in december we had an event where 5,000 units where sold to a group of 1,500 roughly 3 per per person. The meting in Paris had sold 8,000 tickets and half showed up. After 12 hours 6,500 units sold and at the end of the limited promotion 24 hours They reached 10,000 units sold. a little less per person than Slovenia. Hard to believe. But if you think about it, 2-3 avg per person is not that many units. I have several people in my group that have contacts that want to buy 30 each which is the limit. Again hard to believe.

  5. #454
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    re: FlexKom aka Flexcom aka Weeconomy - legitimate MLM or scam ??

    Quote Originally Posted by watsco View Post
    I just looked at Geebo quickly so not sure their exact business model. But if they are just selling licenses through their main office it will take them a while to expand their network in other countries. My understanding of Geebo is like a yelp with offers type service mixed with a new mobile payment solution that could lower the credit card fees for the merchant. I don't see a loyalty rewards system or cash back and residuals for the merchants. So the Merchants are giving discounts in order to get more and new customers in a closed system.

    FlexKom's model limits the amount of licenses sold in an area. There are already several cities that have been closed for new GTM's in AL and TN. The total number of reps is pre determined with some room to compensate for GTM's that wont actually be part of selling. Trinidad Tobago a (small island) is completely closed for new reps. Turkey had issues with this part as well it is understood that Turkey was far from perfect, but now getting better.
    I checked Geebo again thank you for that site by the way. I don't think it effects the Visa/MC charges or fees. It is just a simplified way for the customer to pay not having to take his cards out. Also it drives business to the merchant who are giving discounts to Geebo users.

  6. #455
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    re: FlexKom aka Flexcom aka Weeconomy - legitimate MLM or scam ??

    @Watsco - a lot of these merchant's customers don't own Smart Phones. Will the FlexKom System work with the basic cell phone? Does the merchant also have to give FlexKom the same percentage they give the customer? In other words, if a merchant wants to offer their customers 10% discount, do they ALSO have to pay an additional 10% to FlexKom? If so, if they system ACTUALLY works and their customers spend $10,000 thru the system, am I right to say the merchant has to give $1,000 to the customer and an additional $1,000 to Flexkom for the service, right to earn off customers shopping throughout the network?

    If so, from what I understand, what is going to keep the merchant from bypassing the system in order to save that extra $1,000

    This same questions was raised in a recent article about Flexkom: Andrew Penman: Is FlexKom REALLY 'the future of business' or just another hopeless 'get rich quick' scheme? - Andrew Penman - Mirror Online

    From the article: "But will the scheme work?

    I put to him what seems to be a rather big flaw. If a FlexKom shop gives 10% cashback to a customer in virtual money, it is supposed to also give 10% to FlexKom.

    What’s to stop the shop simply not telling FlexKom about the transaction?

    Driscoll’s response was hardly convincing: “We are open to abuse, I do not dispute that.”

    This MODEL will not work IMO. The merchants will get tired of exchanging a few dollars between them while giving up hundreds of dollars in the process.

    The FlexKom Model has NEVER worked in ANY country. And, their main website shows over 4.5 million customers while the Flexkom USA website has removed
    this information. Is that correct? Do they have 4.5 million customers? If so, how come they never talk about actual SALES FIGURES?

  7. #456
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    re: FlexKom aka Flexcom aka Weeconomy - legitimate MLM or scam ??

    Quote Originally Posted by watsco
    Again hard to believe.
    No, mate, not hard to believe.

    IMPOSSIBLE to believe.

    Still, you keep parroting the crap you're being force fed by your "upline" to your hearts content.
    The only thing necessary for the triumph of evil is for good men to do nothing

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  9. #457
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    re: FlexKom aka Flexcom aka Weeconomy - legitimate MLM or scam ??

    Quote Originally Posted by watsco View Post
    I didn't miss the point. The tablet on amazon wont work for our purpose because it is not exactly the same unit. The tablet we use was altered. One thing is clear in the pictures is obviously the stand isn't included in the Amazon tablet). But if you turned the tablet on the differences are obvious. There are functions that we needed to be able to do what the initial test POS 3 didn't do so well. Set up and start up had to be altered to only work for our software. This terminal does not ever go to any other platform but FlexKom. I am sure many have seen the different version of the POS terminals FlexKom has used in the past. The black one (pos3) had some issues that needed to be solved hence the new one was altered internally to work better for our purpose. So to be clear again. The tablet on the Amazon website won't work for our purpose. The same as you wouldn't put a stove made for a home in a commercial environment. We needed a unit that was seamless in it's performance. Ease of use and speed is essential. For the same reason we have just created an mini APP that is 1/5 the size of the main APP This APP downloads in 20 seconds or less so the store owner can sign in a new customer in less than a minute. When the person goes to use the other features on the mini APP it will prompt them to download the "full" version. These where some of the final details that where completed. The mini APP has been approved by Itunes and is in final stages of testing and will be released in a few days. The mini APP also solves a verification pin issue we had here in USA as some of the carriers where blocking the text (originating from Germany) that was sent to the new customer to register the APP. This process was essential because the APP also has a phone built in so we have to abide by strict FCC rules to identify every person who uses our APP connected to their phone number.
    Ha-Ha , Your "POS" Android apk is just generic "no special device driver" and "no root access" :)
    do not try to make my shoes laugh, you forgot that POS apk is downloadable and can be checked on other devices and on emulator :)
    I can for example belive that it has customized version of android installed (after all it is open source), but that just software, buddy.
    The only mod you did is scam $300 more on each :)

    Or maybe you installed 10 gram of gold in each ? :



    Why would not you please "abide by strict FCC rules" and provide a FCC ID of such modified terminal (it must be located on device itself) :)
    After all it has GSM transmitter/modem, ISM 2.4GHZ band transmitter (wifi /bluetooth) do you understand that any RF transmission equipment imported from china but not FCC certified is illegal to use in US.
    Ok, FCC can close the eyes on a personal use, but they will rip your ass for mass distribution.


    And since you mentioned Paris, i would demand ETSI/CE certified ID number too
    Last edited by NikSam; 02-20-2014 at 02:41 AM.

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  11. #458
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    re: FlexKom aka Flexcom aka Weeconomy - legitimate MLM or scam ??

    10,000 terminals were sold in Paris? Really? Wow...... Is it true the CEO of Paris resigned?
    This is for the record. So far, all Flexkom has done is go from country to country, each time telling the next country about the HUGE success in Turkey and now Paris. How long can they get away with
    this?

    And.....did you hear the one about the POS unit used in Turkey that kept turning off after two hours of not being used? There are videos posted on Youtube saying this was the reason for all of the refund requests in Turkey. So, here is a technology company that DIDN'T EVEN READ THE DIRECTIONS on how to use the unit? WARNING: Unit turns off after two hours if not used. Simply turn the unit back on.
    BUT NOOOOOOOO. The geniuses at Flexkom told several hundred people at Las Vegas that was the MAIN PROBLEM in Turkey. On video....the then CEO said, "The manufacturer forgot to tell Flexkom the unit turned itself off" hahahaha

    AND this is the company that is going to change m-commerce? Come on Watsco......

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  13. #459
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    re: FlexKom aka Flexcom aka Weeconomy - legitimate MLM or scam ??

    Quote Originally Posted by watsco
    The same as you wouldn't put a stove made for a home in a commercial environment.
    No, it's NOT "the same" at all.

    Software is software and stoves are definitely NOT software.

    If you're going to remain in the pimping business, at least try to use relevant analogies and not strawman arguments.
    The only thing necessary for the triumph of evil is for good men to do nothing

  14. #460
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    re: FlexKom aka Flexcom aka Weeconomy - legitimate MLM or scam ??

    Quote Originally Posted by MLM Broken Model View Post
    10,000 terminals were sold in Paris? Really? Wow...... Is it true the CEO of Paris resigned?
    This is for the record. So far, all Flexkom has done is go from country to country, each time telling the next country about the HUGE success in Turkey and now Paris. How long can they get away with
    this?

    And.....did you hear the one about the POS unit used in Turkey that kept turning off after two hours of not being used? There are videos posted on Youtube saying this was the reason for all of the refund requests in Turkey. So, here is a technology company that DIDN'T EVEN READ THE DIRECTIONS on how to use the unit? WARNING: Unit turns off after two hours if not used. Simply turn the unit back on.
    BUT NOOOOOOOO. The geniuses at Flexkom told several hundred people at Las Vegas that was the MAIN PROBLEM in Turkey. On video....the then CEO said, "The manufacturer forgot to tell Flexkom the unit turned itself off" hahahaha

    AND this is the company that is going to change m-commerce? Come on Watsco......
    yes this is the company

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    re: FlexKom aka Flexcom aka Weeconomy - legitimate MLM or scam ??

    Quote Originally Posted by littleroundman View Post
    No, it's NOT "the same" at all.

    Software is software and stoves are definitely NOT software.

    If you're going to remain in the pimping business, at least try to use relevant analogies and not strawman arguments.
    A printer made for home use in a Kinkos?

  16. #462
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    re: FlexKom aka Flexcom aka Weeconomy - legitimate MLM or scam ??

    Well, at least you are honest enough to admit it. So, you knew the truth about Turkey and you joined Flexkom anyway?

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    re: FlexKom aka Flexcom aka Weeconomy - legitimate MLM or scam ??

    Andrew Penman: Is FlexKom REALLY 'the future of business' or just another hopeless 'get rich quick' scheme? - Andrew Penman - Mirror Online

    In this article entitled, "Is FlexKom REALLY 'the future of business' or just another hopeless 'get rich quick' scheme?" Andrew Penman pointed out this interesting point.

    FlexKom is a sort of loyalty scheme that is supposed to benefit shops and shoppers – and, of course, the licensees who flog it – and it has already launched in Turkey.

    So how does the company respond to reports there that 40,000 people have lost their investment?

    It gave me a statement reading: “We have a court decision against that newspaper, but a law in Turkey does not allow us to make that official.”

    Watsco - is this true? The same company you say is going to change the m-commerce world had 40,000 people in Turkey lose their investment in FlexKom?
    When you were doing your due diligence on Flexkom, did you include this information in your final decision to join?


    If so, can you say......Claw Back?

  18. #464
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    re: FlexKom aka Flexcom aka Weeconomy - legitimate MLM or scam ??

    Give watsco a chance, he honestly trying to earn a jail sentence.

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  20. #465
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    re: FlexKom aka Flexcom aka Weeconomy - legitimate MLM or scam ??

    Quote Originally Posted by watsco View Post
    The tablet we use was altered.
    That's not true, it's a ordinary Android tablet. In fact, it is the Sanei N78. No alternations were made by Flexkom. Only an app was installed.
    One thing is clear in the pictures is obviously the stand isn't included in the Amazon tablet)
    Oh yes, let me give you 400 bucks for a stand!

    But if you turned the tablet on the differences are obvious.
    Obviously, you have not compared your Flexkom POS with any other Android tablet. You should try. Or maybe not, then you'd be greatly dissapointed.



    Quote Originally Posted by watsco View Post
    If FlexKom had a different business model no one would know about FlexKom yet, no one would care when they had delays and "tech stumbling blocks" But because we have a lot of people financing our roll out as more or less partners in this company we have a lot of attention directed at us. So when we have a delay it gets more attention than a traditional tech company like the above mentioned Geebo would.
    Yes. Flexkom asks a lot of money without making ANY promises true. Geebo is not asking money, they simply deliver a working system. Or not, but if they do not, no one would care. With Flexkom, thousands of people are being scammed. They have to pay thousands of dollars and then are being told to just sit and wait. Yes, that drives attention to you. No, that does not mean that your company is doing well at all.
    This is just business and we are aiming to dominate this m-commrce space.
    LOL, by pushing an really overpriced tablet to people who already own a tablet? Flexkom is nuts. If they honestly wanted to deliver a working system or, to put it like you, dominate the m-commerce space, they;
    A. would not let people pay up front for a system that has not even been developed, tested and found working.
    B. would not force people to buy overpriced hardware, but plain and simply offer an app that works on any tablet.
    C. would not make any promises of exaggerated lifetime income.
    D. would not have their CEO's quit and taking hundreds of thousands of dollars with them, before the company is even operational.

    It really does not have to be understood by everyone. We do have a lot of people who understand what is at stake.
    Classic MLM thought. All the world does not 'understand' it and is being 'negative', right? Only the people blinded by dollarsigns in their eyes seem to get it, right?

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  22. #466
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    re: FlexKom aka Flexcom aka Weeconomy - legitimate MLM or scam ??

    It's looks like a nice tablet for the price.

    N78.jpg

    If Simon Stepsys or Mark Ghobril are involved it's 100% a SCAM!

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    re: FlexKom aka Flexcom aka Weeconomy - legitimate MLM or scam ??

    One gets the definite impression watsco is relatively new at this MLM biz, hasn't developed his own style or knowledge and spends much of his time parroting much of what he is being told by his "upline"
    The only thing necessary for the triumph of evil is for good men to do nothing

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    re: FlexKom aka Flexcom aka Weeconomy - legitimate MLM or scam ??

    The tablet also being sold in China / Hong Kong under "AMPE A78" brand, same price-range.


    You have to wonder if the stand is made of real silver for the FlexCon price.

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  26. #469
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    re: FlexKom aka Flexcom aka Weeconomy - legitimate MLM or scam ??

    And watsco, before spreading the nonsense , consider that there could be people who understand tech stuff a bit more than you, your upline, your scammers and even people who "altered" your tablet.

    The only modifications which were done is installation of "FlexKomTerminal" and "FlexKom Recovery" apks and "FlexKomTerminal" set to launch on bootup :

    FlexPOS_launch.jpg

    and Attaching the mount (which comfortably hides the brand of the tablet :) ):

    FlexPOS_unboxing.jpg

    + custom carton box, broshures (german, english), cards.

    - Sanei manual :)


    PS: Still waiting when you provide FCC and ETSI/CE IDs :)
    10000 you said were already sold ? ;)

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    re: FlexKom aka Flexcom aka Weeconomy - legitimate MLM or scam ??

    Quote Originally Posted by NikSam View Post
    Ha-Ha , Your "POS" Android apk is just generic "no special device driver" and "no root access" :)
    do not try to make my shoes laugh, you forgot that POS apk is downloadable and can be checked on other devices and on emulator :)
    I can for example belive that it has customized version of android installed (after all it is open source), but that just software, buddy.
    The only mod you did is scam $300 more on each :)

    Or maybe you installed 10 gram of gold in each ? :



    Why would not you please "abide by strict FCC rules" and provide a FCC ID of such modified terminal (it must be located on device itself) :)
    After all it has GSM transmitter/modem, ISM 2.4GHZ band transmitter (wifi /bluetooth) do you understand that any RF transmission equipment imported from china but not FCC certified is illegal to use in US.
    Ok, FCC can close the eyes on a personal use, but they will rip your ass for mass distribution.


    And since you mentioned Paris, i would demand ETSI/CE certified ID number too
    Yes it would not get through customs. All that has been done. The units we have here are different from Europe. I don't have a terminal in my possession but will post a picture of the stamp when I can get one.

    There is also a portion of the fee per new account that goes towards marketing and promotions to build brand awareness in each local area. One of those contracts have been given to a company that will be running trucks with LED signs in each new city launched. Another portion has been allocated to an initial fund that will be held in aggregator account and used to cover the flexmoneys given so they can be used right away. Instead of the customer having to wait for those money to clear after the merchant makes the deposit those funds will be there right away, so the customer can spend his money immediately. So those funds are still the merchants money but used to secure those funds until they are spent. The merchant also gets 2000 flexmoney calling credits towards his first 1000 APPs he gives out.

  28. #471
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    re: FlexKom aka Flexcom aka Weeconomy - legitimate MLM or scam ??

    Quote Originally Posted by MLM Broken Model View Post
    Andrew Penman: Is FlexKom REALLY 'the future of business' or just another hopeless 'get rich quick' scheme? - Andrew Penman - Mirror Online

    In this article entitled, "Is FlexKom REALLY 'the future of business' or just another hopeless 'get rich quick' scheme?" Andrew Penman pointed out this interesting point.

    FlexKom is a sort of loyalty scheme that is supposed to benefit shops and shoppers – and, of course, the licensees who flog it – and it has already launched in Turkey.

    So how does the company respond to reports there that 40,000 people have lost their investment?

    It gave me a statement reading: “We have a court decision against that newspaper, but a law in Turkey does not allow us to make that official.”

    Watsco - is this true? The same company you say is going to change the m-commerce world had 40,000 people in Turkey lose their investment in FlexKom?
    When you were doing your due diligence on Flexkom, did you include this information in your final decision to join?


    If so, can you say......Claw Back?
    This rumor keeps being a rumor. I imagine it would have been in courts by now in not just Turkey if that had any substance.

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    re: FlexKom aka Flexcom aka Weeconomy - legitimate MLM or scam ??

    Oh, i do not need a picture of the bottom (i saw it), just give me the FCC ID (that is a number starts usually with 3-4 letters), I can verify all I need.


    Do you know that FCC ID must be printed on the device According to section 15 FCC Rules ?

    Certified digital devices are required to have a compliance label affixed to them. They
    also must have an information statement regarding the interference potential of the
    device and information about any special accessories needed to ensure FCC
    compliance included in their instruction manuals. The applicant for a grant of
    certification is responsible for having the compliance label produced, and for having
    it affixed to each device that is marketed or imported. However, the compliance label
    and FCC ID label (see below) may not be attached to any devices until a grant of
    certification has been obtained for the devices. The wording for the compliance label
    and the information statement is included in Part 15.


    Certified devices are also required to have an FCC ID label attached to them. The
    FCC ID label must be permanently marked (etched, engraved, indelibly printed, etc.)
    either directly on the device, or on a tag that is permanently affixed (riveted, welded,
    etc.) to the device. The FCC ID label must be readily visible to the purchaser at the
    time of purchase.
    And there are plenty crap coming in through US customs, they do not bother really checking the chinese electronics.

    I know the answer on Sanei, but i want to see you try your best :) So how many units you sold in US? I need it for a report :)




    Quote Originally Posted by watsco View Post
    Yes it would not get through customs. All that has been done. The units we have here are different from Europe. I don't have a terminal in my possession but will post a picture of the stamp when I can get one.

    There is also a portion of the fee per new account that goes towards marketing and promotions to build brand awareness in each local area. One of those contracts have been given to a company that will be running trucks with LED signs in each new city launched. Another portion has been allocated to an initial fund that will be held in aggregator account and used to cover the flexmoneys given so they can be used right away. Instead of the customer having to wait for those money to clear after the merchant makes the deposit those funds will be there right away, so the customer can spend his money immediately. So those funds are still the merchants money but used to secure those funds until they are spent. The merchant also gets 2000 flexmoney calling credits towards his first 1000 APPs he gives out.
    Last edited by NikSam; 02-20-2014 at 08:02 AM.

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    re: FlexKom aka Flexcom aka Weeconomy - legitimate MLM or scam ??

    Quote Originally Posted by watsco View Post
    We will call them Pilot stores. The black POS3 was only ordered in limited amount. When it was used and tested it simply wasn't going to work the way it needed to. So then it was decided to be fixed. If FlexKom had a different business model no one would know about FlexKom yet, no one would care when they had delays and "tech stumbling blocks" But because we have a lot of people financing our roll out as more or less partners in this company we have a lot of attention directed at us. So when we have a delay it gets more attention than a traditional tech company like the above mentioned Geebo would.
    IF Flexcom was a different business model they would not have taken money from 1000s of "PARTNERS" before they had a product that worked as promised all the while doing it under the guise of a massive roll out. The stumbling blocks are the same bullshit we hear in every failed scheme, the very reason it is getting the attention it deserves. All the leaders left similar detritus in their past programs, ironic how that is the one constant you can set your watch to.

    Quote Originally Posted by watsco View Post
    I just looked at Geebo quickly so not sure their exact business model.
    Might I suggest a good hard stare since this is your "BUSINESS". It looks to me sans the everyone makes a million in residuals nonsense it is the SAME as Flexcon +++ a technology that is already in place.

    GeeBo® allows you to view hundreds of exclusive deals and discounts from your phone while on the go, from your tablet while relaxing, or on your computer at the office. Once you download our FREE app, you will have access to the world of GeeBo®.

    Quote Originally Posted by watsco View Post
    I don't see a loyalty rewards system or cash back and residuals for the merchants. So the Merchants are giving discounts in order to get more and new customers in a closed system.
    Yes business gives discounts to bring in customers, the "loyalty cash back residuals" DREAM is the very reason 1000s have forked over money they are never going to see back. It is a ruse and simple math proves this out, 100 pennies in a dollar all day every day. You are trying to tell us their are somehow 200 with Flexcon.


    Quote Originally Posted by watsco View Post
    FlexKom's model limits the amount of licenses sold in an area.
    So you say, I find it dubious that you can produce numbers of terminals placed, but not corresponding numbers of "partners", or the underlying economics of how everyone makes a mint on 10% off burritos.
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

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  32. #474
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    re: FlexKom aka Flexcom aka Weeconomy - legitimate MLM or scam ??

    no one has even looked at the part where these same scammers have people's personal information from banner brokers to launder stolen money through a pos.

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    re: FlexKom aka Flexcom aka Weeconomy - legitimate MLM or scam ??

    Well, let's dig a bit further:

    @ Watsco When you were doing your due diligence, did you notice FlexKom removed the tote board with real time updates for number of Customers with Card and same for Apps?


    How about Turkey? Austria? United Kingdom?
    How many “actual” merchants are currently using their system?
    How many “active” customers do they have?

    These are the names and their position in the company that have resigned.

    Nermin DOĞAN SME DİRECTOR... REsignaton

    Mustafa KAYMAZ- SME DİRECTOR RESİGNATİON

    EROL PAKEL - FLEXKOM %25 OWNERS... RESİGNATİON

    ADEM EROĞLU , FLEXKOM PT CAREER... HE HAVE GOT 5000 DİSTRİBUTOR... RESİGNATİON..
    .
    İLYAS ÖZSOY - ND CAREER - RESİGNATİON

    YASİN KILIÇ - PT CAREER - 15000 DİSTRİBUTOR, RESİGNATİON..

    STEFAN HOSTETTLER - SWİTZERLAND CEO - RESİGNATİON..

    On the main website, they indicate over 4.5 million card
    holders and 150,000 app downloads:

    Current FlexKom Cards: 0004620426
    App Downloads & Acccounts: 0000167619

    The above is taken from the Flexkom International Website. That information has been removed from the USA version of the site.

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