Lyoness Group was founded by a person called Hubert Fried in the year 2003. It was a trendsetter among the people during its initial stages of formation. But afterwards a lot of complaints and negative reviews came to the front about the company's pyramid selling scheme. The company was founded in Austria but then they expanded their operations to the United States, where grew all over again.
They does not have any products in their kitty and they focuses on providing discounts for its members. Or in other words, it could be called a cash back company. Here, if you or your recruits spend money, you will be eligible for money back.
The Lyoness group is now active in almost 46 countries on all continents. It is estimated that over 4 million members makes use of this service through the 40,000 loyalty merchants around the globe.
- Cash Back Benefits
For a member of the Lyoness Group, he/she would be receiving a 5% cashback for the purchases made through the Lyoness Loyalty Merchant stores. The amount would be credited to your Prepaid Lyoness MasterCard and this amount can be transferred to your bank account.
- Shopping Points
The members will also be rewarded with shopping points for every purchases they make. And these points can be used get additional deals and also huge discounts on the products sold through Loyalty Mall Online.
- Friendship Bonus
Lyoness/Lyconet also rewards you with money for the purchases made by your referrals.