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GroceryBit Review – Legit Business Opportunity or Scam?

Welcome to my GroceryBit Review!

There has been some buzz about this company, so I decided to find out what it was all about…

Chances are someone approached you about the business opportunity and you landed here to make sure it’s legit right?

The good news is I am going to walk you through everything so you can make the right decision.

Find out if this is legit or a huge scam….

GroceryBit Review – The Company

GroceryBit Review

GroceryBit is the brain child of Steve Gewecke (CMO), Jason Olson (President) and Fredrick Weih (Grocery Industry Disrupter) and specializes in the eCommerce MLM niche.

Also found an address Arizona…

When I dig into the history, it looks like Frederick Weih founded My Freedom Grocer back in 2015, but it looks like it didn’t do so well…

Before working at GroceryBit, Jason Olson promoted Direct Cellars and Youngevity.

Steve Gewecke was the Marketing Director for Saivian.

That’s all I got on the company, let’s take a look at the products inside of this GroceryBit Review…

GroceryBit Reviews – The Products

Grocerybit products

GroceryBit promotes an app through users scan and upload supermarket, Restaurant and gas receipts through…

They also claim that percentage of the sales revenue goes to their app users.

They are called Grocery Miners…

This subscription will cost $40 per month.

Also, Grocerybit claim to offer a rebate up to $200 per month in Bitcoin for each Grocery Miner subscription…

Next, let’s check out the GroceryBit compensation plan…

GroceryBit Compensation Plan

Just so you know that the network marketing side has nothing to do with the rebate app.

One thing I am not sure of is for the commission qualifications…

I am not sure if using the Grocery Miners app can qualify you…

GroceryBit Ranks

Overall there are three ranks inside of this company.

This is what the qualifications looks like:

  • 1 Star BitBuilder – Personally sell and maintain six active Grocery Miner subscriptions, have at least eighteen active Grocery Miner subscriptions across your downline and sponsor and maintain at least six affiliates
  • 2 Star BitBuilder – Personally sell and maintain eighteen active Grocery Miner subscriptions, have at least forty-eight active Grocery Miner subscriptions across your downline and sponsor and maintain at least twenty-eight affiliates
  • 3 Star BitBuilder – Personally sell and maintain fifty active Grocery Miner subscriptions, have at least five hundred active Grocery Miner subscriptions across your downline and sponsor and maintain at least fifty affiliates

Sponsoring Commissions

GroceryBit members are paid to sponsor new affiliates down three levels through a unilevel compensation plan.

  • $25 on level 1 (Must sponsor and maintain at least one affiliate and Grocery Miner)
  • $25 on level 2 (Must sponsor and maintain at least two affiliates and Grocery Miners)
  • $25 on level 3 (Must sponsor and maintain at least three affiliates and Grocery Miners)

Residual Sponsor Commissions

All residuals are paid through a 2×12 matrix compensation plan inside of Grocerybit…

These positions can be filled indirectly or directly by Grocery Miner sales:

  • $15 monthly commission is paid out on each personally sold active Grocery Miner subscription
  • $1 monthly commission is paid out on residual active Grocery Miner subscriptions placed across levels 2 to 12 of the matrix

To qualify for levels 6 to 12, you must sell and maintain at least three Grocery Miner Subscriptions.

Generational Bonuses

All Generational Bonuses are paid through a unilevel compensation plan…

This bonus is paid on the highest payout on a leg…

  • 1 Star affiliates earn $1 per paid Grocery Miner that month on their highest paying unilevel leg
  • 2 Star affiliates earn $3 per paid Grocery Miner that month on their highest paying unilevel leg
  • 3 Star affiliates earn $10 per paid Grocery Miner that month on their highest paying unilevel leg

The higher payout leg will keep changing if a higher ranked member is found…

Cost To Join GroceryBit

The cost to join GroceryBit is $497 and a $50 annual fee…

Right now they are selling a limited license fee for $197, but that can change anytime…

The moment you have been waiting for inside of this GroceryBit review…

Verdict On GroceryBit

Overall the way it stands GroceryBit isn’t a scam…

It has products/services that can be sold to retail customers.

There is really just one red flag which is how customers pay $40 per month (which is fine), but they can get a rebate near $200 per month in Bitcoin?

Once they get tons of members, not sure how they can sustain that kind of business model.

Other than that, price tag is a bit high for an app…

If you go to any app store, you will notice nothing is close to $40 per month.

Anyway, overall it’s not a scam, but a little overpriced and that rebate stuff is the only red flag I see here…

Because of that, I rate it the following: 

I hope you enjoyed my GroceryBit review and if you have any questions, please leave them in the comments below…

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See you at the top,

GroceryBit

-Jesse Singh

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