Complaint Review: Lucrazon Global - Irvine California
- Lucrazon Global Lucrazon Global 8855 Research Dr. Irvine, California USA
- Phone: (888) 840-0796
- Web: http://www.lucrazonglobal.com/
- Category: Credit Card Processing Companies
Lucrazon Global Alex Pittman, Jonathon Mendoza, Joseph Seto, Oscar Garcia, David Arbiso, MLM, Multi Level Marketing, Ponzi, scam, ripoff, deceptive Irvine California
*Author of original report: Response to the cut and paste rebuttal above
*UPDATE Employee: Lucrazon Global, LLC Response
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I joined Lucrazon with 18 other people back in Nov of 2013. Our team joined pre-launch...most of them in 2013 we did several webinars with Oscar Garcia and Wences Navarro in which a plan to give everyone a daily pay was laid out and everyone who put in their 1,000 would get 1 share for each 1k they put in. We put money directly into Lucrazon bank acct without them having a finalized comp plan which by the way my lawyer said is not legal. I only put in 1k but my wife put in 6k and I know others who put up to 15k in.
This report was posted on Ripoff Report on 08/19/2014 02:59 PM and is a permanent record located here: https://www.ripoffreport.com/reports/lucrazon-global/irvine-california-92618/lucrazon-global-alex-pittman-jonathon-mendoza-joseph-seto-oscar-garcia-david-arbiso-1170864. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content
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#2 Author of original report
Response to the cut and paste rebuttal above
AUTHOR: William - ()
SUBMITTED: Wednesday, September 17, 2014
When I joined Lucrazon in November of 2013 there was no 14 day free trial. Aside from the rest of the "explination" of Lucrazon's business model, there are plenty of reports on line now and law suits against them. It was touted as a get rich quick scheme. There number one speaker and consultant Oscar Garcia is now reportedly left the company and is retired... retired on all the money from the people who are now asking for it back. I asked to cancle my lucrazon 10 days after it started and I was told to sign a paper stating I would get nothing back. I refused to do so. Please do you own internet search on this one. This is not a real opportunity. Also they delete legitament thrid party reports outlining the opportunity from thier facebook page. Beware- I feel sorry for anyone who starts this. My friends and I submitted 7 proposals and not one of the merchents switched as thier current provider offered them a better rate and a new machine.
#1 UPDATE Employee
Lucrazon Global, LLC Response
AUTHOR: Lucrazon Global, LLC - ()
SUBMITTED: Wednesday, September 17, 2014
Lucrazon Global, LLC was formed for the purpose of servicing the fast-growing digital marketplace by providing online and brick-and-mortar stores with a user-friendly website equipped with a shopping cart, credit card processing capability, a merchant account, and marketing and search engine optimization services. Lucrazon Global provides an all-inclusive ecommerce platform that allows customers to purchase an e-commerce store and obtain a merchant account. Customers are free to sell whatever product or service their business sells.
Lucrazon Global, LLC sells service through independent businesses collectively referred to as Brand Partners. Every Brand Partner Business has its own web site with a unique URL and its own website and shopping cart builder, has its own bank account, and has its own merchant account. Every Brand Partner Business has their own agreements with their own customers. They are also responsible for their own sales, their marketing, as well as any potential chargebacks, and handling any other challenges that may arise with their business. Each Brand Partner receives payments directly from their customers.
In order to become a Brand Partner, certain requirements must be met:
http://www.lucrazonglobal.com/brand-partner-requirements
Those interested in becoming a Brand Partner first go through a free trial that doesn’t require them to input credit card info or financial data so he/she can test the system and see if selling Lucrazon’s Ecommerce System and Merchant Services are right for them.
If he/she is truly interested and dedicated to becoming a Brand Partner, they then go through a background and credit check in order for him/her to receive and activate their own Merchant Account. In addition, their information is cross-checked to make sure they’re NOT on a Merchant Termination file. The Brand Partner must pass underwriting guidelines according to Lucrazon Global bank’s relationships, and they must sign a Merchant Agreement.
After they meet these requirements and Merchant Account is approved and active, only then can they pay for and activate their Brand Partner website. The payment does not come to Lucrazon Global, it goes to the Brand Partner’s bank account directly who sold the technology and ecommerce business. The cost is $1,000 one-time set up fee and $50 a month hosting and maintenance fee.
Lucrazon Global, LLC has multiple ways of paying commissions. One of these ways is based around selling Ecommerce businesses, which is described above and attached with a $50 hosting and maintenance fee. The Brand Partner receives $50 directly from their customer and pays $40 to Lucrazon Global for utilizing Lucrazon Global technology, therefore profiting $10. The following month on the same date, the Brand Partner will receive the same amount for the monthly and hosting fees and this amount will continue every single month on the same date for the life of the account which provides a long term residual income.
There are several complaints revolving around a $14 a day guaranteed payment that Lucrazon Global, LLC never advertised nor promoted. People that are unfortunately complaining were looking for “get-rich-quick” business models, and when they discovered that the Brand Partner Business wasn’t following this model, they got upset.
If you need more information, you can contact legal@lucrazon.com
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