Last week I received several private messages asking if it is true BidiFy is allowing bid purchases of $100,000.00? Since that was the first time I had heard of such a thing, I reached out to Kevin Thompson the Chief Legal Counsel for BidiFy. He sent me directly to Frode Jørgensen, CCO of BidiFy for the answers.
Below is the correspondence I received from Frode Jorgensen on this issue!
From: Troy Dooly [mailto:]
Sent: Monday, May 28, 2012 4:18 AM
To: Frode Jørgensen
Subject: Frode, quick question
I have had a couple of messages come in from Facebook asking about a 100K max purchase of bids at BidiFy.
Can you tell me what your max purchase is allowed, and if you do allow a 100k purchase of bids?
Living An Epic Adventure,
Hi Troy, how are you doing?
We addressed these rumors in our latest newsletter I have added the part with the information you requested further down in this e-mail.
There is NO such thing as a 100K limit.
I’m also pleased to announce that ALL Bidify affiliates have completed their Compliance Course, which is mandatory for ALL, at no cost of course.
New affiliates must complete this before they get full access to the site.
If interested I can send you a link for it, so you can check it out.
This have been active for over one month now, and is working perfectly. J Launch Smart are great people.
Also have a look at our latest Videos from Thailand Champions Getaway trip and our first Dream weekend Trip to Iceland
http://www.youtube.com/watch?v=-qkXrXUYTsc&feature=youtu.be Iceland Dream Weekend
http://www.youtube.com/watch?v=wAVe_dFiaNE Champions Getaway Thailand
Here is part of the newsletter…
We had an amazing time with our top leaders in Thailand. We really enjoyed bonding with all of them and Chief Legal Counsel, Kevin Thompson.
We want to take this opportunity to address a bizarre rumor about our sample bid purchase limits. Apparently, Bidify is accepting million dollar purchases for sample bids! This is completely false. While we’re unable to prevent these sorts of rumors from spreading, we’re committed to providing you with accurate information when we receive word.
As we’ve said in the past, Bidify is not designed as an investment vehicle. In fact, if you’re looking for an “investment” with appreciable gains, Bidify is a horrible example. With 20% of all commissions going towards the repurchase of retail bids instead of cash, we’re fairly certain you can do better with your money elsewhere. Commissions in Bidify are driven solely by bid sales, which are never easy. And unlike our competitors, Bidify Affiliates are only paid when the bids are actually used by verified customers; thus preventing the ability for anyone to simply buy bids and accrue commissions with zero effort.
As you all know, we have been talking about a 10k limit on SB Purchases since the day we opened. While in Thailand with our legal counsel, we will be imposing a limit before we go live with Bidsson to avoid the model from being abused. While we certainly respect peoples’ ability to make their own decisions, there’s too much at risk if people purchase more bids than they really intend to move to customers.
So from today, we have decided to set the annual SB purchases limit at 25k Sample Bids. This limit does not include re-purchases made by setting re-purchase to on/off. Keep in mind, with each 1,000 bids, there needs to be a verified customer. And commissions are not cut until those bids are actually used, so if you’re looking to simply purchase sample bids and sit on them for qualification purposes, it’s not going to work here.
If you have any other questions, feel free to contact me at any time.