Modere has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to BitClub Network. We’ve received over 5 complaints against Modere.
The lack of regulation in Modere raises scam worries, potentially making it unlawful. Unlicensed enterprises, such as Modere, may disappear without a trace, underscoring the importance of licensing verification. Payment fairness concerns develop as a result of complex structures that affect affiliates. Withdrawal options are unclear, forcing potential affiliates or consumers seeking transparency to make direct contact.
Key Takeaways
Is Modere Regulated? Do They Have a License?
Modere, a multi-level marketing (MLM) firm formerly known as “Shifting Retail,” has come under fire for its business tactics and pay structure.
Understanding the company’s structure, products, and complaint processing is critical for potential consumers or affiliates, given its contentious marketing techniques and history.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Modere is a scam and most likely, an illegal operation.
Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.
That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.
In the case of Modere, victims have nowhere to go due to the absence of a watchdog or license.
You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
Trading Conditions and Deposit/Withdrawal Methods at Modere
Modere allows a variety of payment methods, making transactions easier for clients and affiliates. The variety of payment methods may not assuage worries about the general openness and fairness of the company model.
Modere’s pay structure appears to be complicated, with multi-tiered retail commissions and bonuses. The scheme contains several ranks, each with its own set of qualifications and advantages.
To unlock commission rates and benefits, these ranks, from Consultant to Elite 3, require sustaining specific personal and group volumes.
Modere’s withdrawal techniques are not fully described. Potential affiliates or customers seeking clarification on payment withdrawals or other relevant issues should contact the company directly for detailed information on their withdrawal processes.
However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.
They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.
But in 9/10 cases, the scammers actually stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.
If you want to get your money back from a scammer, you’d need to file a chargeback.
Modere Customer Service: Do They Handle Complaints Well?
One of the most important parts of a company’s legitimacy is its ability to successfully address complaints. Modere’s track record in this area, however, raises concerns.
The corporation has been in regulatory hot water due to COVID-19 disinformation and claims of dishonest behavior. Such problems reflect negatively on their customer service and dedication to resolving complaints.
Those who have suffered financial losses or troubles when interacting with Modere should contact the company to ensure that their concerns are addressed properly.
When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.
In the beginning, scammers tend to remain very accessible.
This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.
However, they do all this just to win your trust.
Scammers understand that in order to convince someone to give them a large sum, they will need to seem like a friend.
Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.
All of a sudden, their numbers would either stop responding or become unavailable.
Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.
However, in the end, the customer support won’t resolve your issues and become increasingly unavailable.
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Modere Reviews: What Do Others Say?
When determining the reliability and quality of items or business processes, consumer input is crucial. Customer feedback on Modere, on the other hand, maybe vary due to concerns about the company’s concentration on auto-ship, potential pyramid scheme characteristics, and low transparency in their reward structure.
It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
Scammers like Modere tend to purchase fake reviews for their online profiles to make themselves seem more credible.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why you shouldn’t trust Modere reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews that are posted by temporary accounts (profiles which only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of Modere, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like Modere enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Modere reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Modere.
You should always look out for consumer complaints. In the case of Modere, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees and charges
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about Modere? You can share your complaint in the comment section or submit an anonymous tip.
Is Modere Legit Or Scam?
The rebranding of Modere as “Shifting Retail” was intended to stress a dedication to retail clients, although it appears to retain an auto-ship-centric focus for commission qualifying.
This behavior contradicts the company’s stated emphasis on customer experience and retail sales.
Modere is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.
The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind Modere can run away with your money without any prior notice. You should be extremely cautious when dealing with an unregulated service provider.
The absence of a watchdog also means you cannot report to them to anyone.
Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.
Can You Trust Modere?
All the evidence suggests that Modere is a scam. If you have lost money to them, there is still a chance you can get it back.
To recover your funds, you’d need to file a chargeback.
Frequently Asked Questions
Is Modere a scam?
Can I withdraw money from Modere?
Where is Modere Located?
How do I get my money back from Modere?
How The Modere Online Scam Works
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Intelligence Commissioner investigates & reviews online money-making opportunities. We strive to provide critically helpful information to our readers and assist them in identifying scams. 
