Some of you might have heard about GPRS or Global Pinoy Remittance and Services, some might have been invited to attend seminar or orientation. Most of you might be thinking, is this another one of those pyramiding scam? MLM Business is actually legal in the Philippines you just have to distinguish which company is legit or illegal.
Global Pinoy Remittance and Services is a Filipino owned company. The owner is Mr. Emmanuel Pascual, accountant by profession with different businesses aside from GPRS. He has also been in the Network Marketing industry since 1998. He started to put up GPRS in 2006, it offers different services which is Money Remittance, Bills Payment, Domestic and International Airline Ticketing, Unified Loading and Travel and Tours. GPRS has its own IT provider which UNLITECH Solutions. GPRS has legal documents to from SEC and BANGKO SENTRAL ng PILIPINAS. The company open its doors in franchising for entrepreneurs who wants to have the kind of system that GPRS offers. It has 700 ++ local and international outlets and still growing.
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Now let me define what is pyramiding, pyramiding actually came from the binary model that is usually used by MLM companies. The model of a binary system that looks like this:
The binary system works by recruiting two person as your downline. From that two person they will also recruit two person for their downline and the recruiting goes and depicts a model that looks like a pyramid. The question is what does this member gets from recruiting? For every person that they recruit they get incentives or bonuses from the person that they directly recruit under their network. Some companies even offer incentive for indirect referral added within your network. Another question is what does the new recruit gets from being a new member? This is where some scam takes place in recruiting. Wherein some people makes promising offers that is not offered by the company. Some may not render any products or services that is promised by the recruiter after recruiting the person. Some companies may not have proper documentation or permits to present in the first place. For the complete definition of the bill concerned with MLM Business and distinction from a pyramiding scheme read the Republic Act No. 7394.
Pyramid scam are companies that doesn't have proper documentation, doesn't give any product or services that is equivalent to what you have invested. A company that doesn't have an office. A company that doesn't have reliable system to start with. A one-sided company wherein the company benefits the most from the efforts of its member.
Is GPRS system a scam? GPRS has more than 15,000 dealers globally, a little key note to those who says it is a scam. If the system is not working or a scam then the 15,000 dealers who are using the system should have complaint already. Electric bill is the main utility bill that every household is paying monthly right?! Those 15,000 dealers are paying their utility bill using the system, if the system is bogus then those 15,000 dealers should have complained already because their payment wasn't posted to the electric company. They have been using the system for months. With airline ticketing, if transactions are unreliable or bogus then a lot of people have complained also because they we're denied at the airport. Those are just simple things to think about first before judging the company. The system only becomes unreliable due to people who didn't learn how the system is used or how it works. Any business-minded people knows that to do business you should know it first, study how it will work and not just jumping into a business without any knowledge.
For more information about GPRS: