What is lets multiply, How it works?
Lets multiply is an innovative scheme, which repays extra for your actual payment. It was based on chain participation i.e. paying yours money to others and others money to you.
For example, if A and B are two payees, we pay both A and B’s money to A only. So A will get a extra payment. Like wise B will get repay from both C and D. As long as users participate, chain continues for unlimited time and everyone can get profited.
Payment schemes:
Lets multiply is offering its scheme in 3 plans. Users can participate in any plan any number of times.
Plan $5: pay $5 and get a repay of $7.5
Plan $15: pay $15 and get a repay of $23.
Plan $50: pay $50 and get a repay of $80.
Payment options:
Now lets multiply is accepting payments through ‘Paypal’ only. As paypal offers great security and ease transactions.
Repayment:
Users can pay to lets multiply, at any time.
But our repayments are ‘weekly’, and all repay deals are settled in weekends. We follow ‘first came, first serve’ method i.e. first payees will get first repayment. Almost all deals are possible settled within a week (on weekend).
Repayment Information:
We publish all users, who received payments, along with their id’s. We also publish date of payment by user to lets multiply. The section is weekly updated.
Crisis maintenance fund:
Even though letsmultiply has a great potential to continue its chain for unlimited time, with optimism we are maintaining crisis maintenance fund. Which was used in case of any chain termination, until the re-continuation of chain. So users, have an absolute surety over their repayments. The fund will be updated weekly in ‘Data center’ section.
Maintenance of lets multiply:
To make lets multiply more trustful, we are completely disclosing our maintainance.
Money of three different schemes will be maintained in separate accounts, and funds of one scheme will never be utilized for repayments in other schemes.
Plan $5: for every 2 users we get an amount of $10.
$10-$2-$0.5 = $7.5.
User will receive a payment of $7.5 on weekend.
Explanation:
$10 = Money from 2 payees.
$2 = Paypal transaction charges + lets multiply service charges.
$0.5 = crisis maintainance fund.
In simple user who paid $5 will get a repayment of $7.5
Plan $15: for every 2 users we charge
$5.5 = paypal transaction charges + lets multiply service charges.
$1.5 = crisis maintainance fund.
So user who paid $15 will get a repayment of $23.
Plan $50: for every 2 users we charge
$16 = paypal transaction charges + lets multiply service charges.
$4 = crisis maintainance fund.
In simple, user who paid $50 will get a repayment of $80.
Data center:
We weekly publish all payee information, who received their repayments along with their id’s, blog or website address if any supplied. In fact it will act as Invoice to new comers.
Along with payee information, the section will be updated weekly with ‘Total money received in that week’ and ‘crisis maintainance fund’.
From the Data center information, users can arbitrarily estimate the time taking for repayments as we are supplying the payee information along with their date of payment.
Can I choose the Paypal account to get repayment?
Letsmultiply repays to paypal account, through which we have received payment. Choosing another paypal id for repayment is not possible.