Lyoness/myWorld

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Founded2003
HeadquartersGraz, Austria
Trust Score48/100
Views51

About Lyoness/myWorld

Lyoness/myWorld is a cashback and shopping community founded in 2003, based in Graz, Austria.

The company connects consumers with partner merchants, offering cashback rewards on everyday purchases. However, it faces serious issues, including a 1.5/5 rating on Trustpilot and multiple pyramid scheme lawsuits.

With a trust score of 48/100, Lyoness/myWorld operates on a Unilevel compensation plan that focuses heavily on recruitment, raising red flags for potential members.

Pros and Cons

✓ Pros

  • Cashback rewards
    You can earn 1-5% cashback on purchases, which can be appealing for regular shoppers.
  • Global reach
    With a presence in multiple countries, there’s potential for a broad customer base.
  • Career system
    The ascending benefits in the career system might motivate some to really push for growth.
  • Community aspect
    Being part of a network can provide a sense of belonging and support among members.

✗ Cons

  • Pyramid scheme allegations
    The company has faced multiple pyramid scheme lawsuits, including a ruling in Austria.
  • Low Trustpilot rating
    A 1.5/5 rating on Trustpilot suggests many users are unhappy with their experience.
  • High risk level
    With a risk level marked as high, it's not a safe bet for most people.
  • Focus on recruitment
    The cashback model often seems to mask the real focus on recruiting new members.
  • Regulatory actions
    There’ve been multiple regulatory actions against the company globally, raising red flags.
  • Rebranding issues
    The shift from Lyoness to myWorld may indicate past struggles or a need to escape negative perceptions.
Verdict: I’d advise staying away from myWorld. The risks, especially around the pyramid scheme allegations and low customer satisfaction, outweigh any potential rewards.

Best for: This might appeal to someone who’s very comfortable with risk and is good at recruiting. If you’re looking for a stable and trustworthy opportunity, this isn’t it.

Risk Analysis

Lyoness/myWorld presents a high risk for potential participants due to its history of legal issues and a compensation model that emphasizes recruitment over retail sales. The company has faced multiple lawsuits and regulatory actions, raising serious concerns about its legitimacy.

Key Concerns

  • Pyramid scheme lawsuits in multiple countries critical
    Austrian court ruled Lyoness a pyramid scheme; ongoing class action lawsuits in the U.S.
  • Cashback model masks recruitment focus high
    The compensation plan rewards members primarily for recruiting others rather than for retail sales.
  • Trustpilot rating of 1.5/5 moderate
    Low customer satisfaction indicated by multiple negative reviews.
Consumer Advice: Think carefully before joining Lyoness/myWorld. The high number of lawsuits and regulatory issues should raise alarms about the company's practices. If you’re looking for a stable investment or business opportunity, there are safer options out there.

Frequently Asked Questions About Lyoness/myWorld

Is Lyoness/myWorld a legitimate MLM company?

Lyoness/myWorld has faced significant legal troubles, including a ruling by an Austrian court declaring it a pyramid scheme. With a trust score of only 48/100 and a Trustpilot rating of 1.5/5, many question its legitimacy.

What products does Lyoness/myWorld sell?

Lyoness/myWorld primarily focuses on a cashback shopping model. Members earn cashback on purchases made at various retailers, but many feel the emphasis is more on recruitment than on actual products.

How much can you make with Lyoness/myWorld?

Earnings in Lyoness/myWorld depend heavily on recruitment and network shopping volume. The compensation plan offers 1-5% cashback on purchases and potential team commissions, but many find that actual earnings can be quite low.

What complaints are there about Lyoness/myWorld?

There are numerous complaints about Lyoness/myWorld, particularly regarding its business practices. Many former members cite frustration over the recruitment focus and the difficulty in earning significant income.

How does the compensation plan work for Lyoness/myWorld?

Lyoness/myWorld uses a Unilevel compensation plan. Members earn cashback on their purchases and can also receive bonuses for referring new members, but this often leads to an overwhelming focus on recruitment.

What does it cost to join Lyoness/myWorld?

The cost to join Lyoness/myWorld can vary. While there's no clear upfront fee listed, many members report having to spend money to access benefits and earn commissions.

What is the BBB rating for Lyoness/myWorld?

Lyoness/myWorld does not have a BBB rating. This lack of a rating, combined with their legal issues and poor Trustpilot reviews, raises concerns about their trustworthiness.

Are there alternatives to Lyoness/myWorld?

Yes, there are several alternatives to Lyoness/myWorld that offer cashback programs or MLM opportunities. Companies like Rakuten or other affiliate marketing networks might provide a more straightforward approach without the recruitment pressure.

Is Lyoness/myWorld a scam?

Many consider Lyoness/myWorld to be a scam due to its history of pyramid scheme allegations and the high risk associated with joining. The focus on recruitment over real product sales is a major red flag.

Compensation Plan

Plan Type

This is a Unilevel Plan. In simple terms, it means you can earn money based on your sales and the sales of people you bring into the company.

How Earnings Work

  • Shopping Cashback: You earn 1-5% on your own purchases. This means every time you buy something through the company, you'll get a small percentage back.
  • Friendship Bonus: If you refer someone and they join, you can earn a bonus just for that referral.
  • Team Commission: You can earn money based on how much the people in your network (the ones you brought in) spend. The more they buy, the more you can earn.
  • Career System: As you sell more and grow your team, you can reach different ranks. Each rank has its own perks and benefits, but you have to meet certain sales and recruitment goals to advance.

Trust Score

48
/ 100
High Risk
Flags & Notes
  • Pyramid scheme lawsuits in multiple countries
  • Austrian court ruled pyramid scheme
  • US class action lawsuit
  • Cashback model masks recruitment focus
  • Multiple regulatory actions globally
  • Rebranded from Lyoness to myWorld
  • Trustpilot rating of 1.5/5

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