Emerald Card (iGo Inc) Review - Cryptocurrency & Forex MLM | Trust Score & Ratings

Founded2014

HeadquartersLas Vegas, Nevada, USA

Trust Score53/100

About Emerald Card (iGo Inc)

Emerald Card (iGo Inc) is a Las Vegas-based MLM that focuses on cryptocurrency and forex products. Founded in 2014, it offers a network marketing opportunity centered around a crypto-linked debit card.

Distributors earn income through personal sales and team commissions, with a compensation plan that includes bonuses for leadership and team performance. However, the company's trust score is only 53/100, indicating some concerns.

With no tangible product and a reputation for unsustainable commission structures, Emerald Card (iGo Inc) presents a high-risk investment for potential distributors.

Pros and Cons

✓ Pros

Potential for Income
With a commission structure that rewards both personal sales and team-building, there’s the possibility to earn a decent income if you can grow your network.
Low Startup Cost
Joining Emerald Card doesn’t require a hefty initial investment, which can make it accessible for those looking to start.
Flexible Work Hours
You can set your own hours and work at your own pace, making it suitable for those with other commitments.
Community Support
Many MLMs, including this one, foster a sense of community among distributors, which can be motivating.

✗ Cons

High Risk Level
The risk level is categorized as high, meaning there’s a significant chance of losing money.
No Real Product
Emerald Card doesn’t offer a tangible product, which can lead to skepticism and challenges in making sales.
Dependence on Recruitment
The compensation plan heavily relies on recruiting new members, which can be difficult and may feel like a constant hustle.
Trust Score Concerns
With a trust score of only 53/100, there are red flags about the company's credibility and reliability.
Crypto Hype
The focus on crypto can be seen as a gimmick, and the volatility in that market adds another layer of risk.
Collapsed Operations
There have been reports of operational issues leading to collapses, which raises concerns about the company’s stability.

Verdict: I'd tell a friend to be cautious about Emerald Card. While there are some appealing aspects, the risks and concerns far outweigh the benefits. It's not the safest bet for anyone looking to earn money in an MLM.

Best for: This might appeal to those who love networking and are comfortable with risk. However, if you want a stable income without the uncertainty of recruitment-heavy models, it’s best to steer clear.

Risk Analysis

Emerald Card (iGo Inc) presents significant risks due to a lack of real product offerings and reliance on cryptocurrency hype. The company's operations have collapsed, raising serious concerns about its sustainability.

Key Concerns

No real product to sell critical
The company lacks tangible products, which are essential for legitimate sales.
Heavy reliance on cryptocurrency high
The promotion and focus on cryptocurrency can create volatility and uncertainty.
Collapsed operations critical
Reports indicate that the company's operations have faced significant issues leading to a collapse.

Consumer Advice: If you're considering joining Emerald Card, tread carefully. The lack of real products and unstable operations means you could face significant risks. Make sure to do thorough research and consider if this aligns with your values and financial goals.

Frequently Asked Questions About Emerald Card (iGo Inc)

Is Emerald Card (iGo Inc) a legitimate MLM company?

Emerald Card (iGo Inc) operates in the MLM space, but its legitimacy is questionable. With a trust score of only 53/100 and a history of collapsed operations, many people have raised red flags about their business practices.

What products does Emerald Card (iGo Inc) sell?

Emerald Card (iGo Inc) doesn't seem to have a tangible product offering. Instead, they focus on services related to cryptocurrency, which adds to the skepticism surrounding the company.

How much can you make with Emerald Card (iGo Inc)?

Earnings with Emerald Card (iGo Inc) can vary widely. They offer a multi-level compensation plan that includes retail profits of 20-40%, bonuses for personal sales, and team commissions, but actual income can be unpredictable and often low.

Are there complaints about Emerald Card (iGo Inc)?

Yes, there are several complaints about Emerald Card (iGo Inc). Many users have voiced concerns about the lack of a real product, the high-pressure sales tactics, and the overall transparency of the company's operations.

What is the compensation plan of Emerald Card (iGo Inc)?

Emerald Card (iGo Inc) has a multi-level compensation plan that rewards distributors for personal sales and team development. It includes retail profits, a personal volume bonus, team commissions, and leadership bonuses, creating multiple income streams.

How much does it cost to join Emerald Card (iGo Inc)?

The specific cost to join Emerald Card (iGo Inc) isn't clearly stated on their website. However, like many MLMs, you might need to purchase a starter kit or invest in products, which can add up quickly.

What is the BBB rating for Emerald Card (iGo Inc)?

Emerald Card (iGo Inc) does not have an accredited rating with the Better Business Bureau (BBB). This lack of accreditation can be a warning sign for potential members.

Is Emerald Card (iGo Inc) worth joining?

Joining Emerald Card (iGo Inc) may not be worth it for everyone. With high risk levels, a questionable trust score, and numerous complaints, it's essential to weigh the potential benefits against the risks before jumping in.

What are some alternatives to Emerald Card (iGo Inc)?

If you're looking for alternatives to Emerald Card (iGo Inc), consider more established MLM companies like Avon or Amway. These companies have a longer track record and more tangible products, which might offer a better chance for success.

Compensation Plan

Plan Type

This is a multi-level compensation plan. Basically, that means you can earn money not just from what you sell, but also from what others in your team sell.

How Earnings Work

Retail Profit (20-40%): You earn a percentage of the sales you make directly to customers. This means if you sell a product for $100, you could make $20 to $40.
Personal Volume Bonus: If you hit certain sales targets each month, you can earn extra bonuses based on how much you sell.
Team Commission: When your team sells products, you earn a commission on those sales too. This can come from multiple levels of your team, not just your direct recruits.
Leadership Bonus: If you reach certain leadership ranks, you get additional bonuses just for being a leader in the organization.
Fast Start Bonus: You can get a one-time bonus for bringing in new distributors who hit their initial sales goals.

Requirements

You need to meet monthly sales minimums to qualify for bonuses.
Advancing to higher ranks requires building a team and achieving personal sales goals.

Red Flags

There's no real product being sold, which raises concerns about the business model.
The focus seems to be on recruiting rather than actual sales.
High risk level due to operations that have collapsed in the past.