Got Backup is a part of Global Virtual Opportunities (GVO), which is owned by Joel Therien. However, the website fails to provide detailed information about the company’s ownership and executives.
In the footer of the website, Global Virtual Opportunities is mentioned along with a Texas corporate address.
Joel Therien does appear in a marketing video for Got Backup, although the video seems to be photoshopped. It is unclear why Got Backup does not provide consumers with ownership and executive information.
Got Backup primarily markets monthly subscriptions for its desktop and mobile app cloud backup services. The company offers two main subscription plans:
- 1 TB Personal Backup Plan – Priced at $8.99 per month, this plan provides 1 TB of storage for personal use.
- 6 TB Family Backup Plan – Priced at $9.97 per month, this plan offers 6 TB of storage and allows for up to 6 accounts.
Got Backup claims that its cloud backup service is secure due to its use of military-grade encryption. However, it is important to note that there are other alternative cloud backup services available in the market, offering competitive pricing and features.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Got Backup 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 Got Backup, 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?
Got Backup also offers subscription commissions on backup service subscriptions sold to retail customers and recruited affiliates. These commissions are paid using a unilevel compensation structure. In this structure, affiliates are placed at the top of a unilevel team, with their personally recruited affiliates placed directly under them on level 1. The depth of commission payouts is determined by the deepest unilevel leg, also known as the “payline.”
Got Backup pays a 200% commission on the first month of personally referred subscription enrollments. Additionally, a 25% commission is paid each subsequent month on personally referred subscriptions. The company also pays a 25% matching bonus on subscription commissions earned by personally recruited affiliates and the affiliate’s deepest unilevel leg.
To become a Got Backup affiliate, one must pay a monthly membership fee of $9.97. This fee grants access to the MLM opportunity and the potential to earn commissions through recruitment and sales.
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.
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.
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 Got Backup 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 Got Backup 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 Got Backup, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like Got Backup enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Got Backup reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Got Backup.
You should always look out for consumer complaints. In the case of Got Backup, 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 Got Backup? You can share your complaint in the comment section or submit an anonymous tip.
When evaluating an MLM opportunity, it is crucial to assess its retail viability and potential pyramid scheme concerns. In the case of Got Backup, the company had no retail offering in 2015, which raised concerns about it being a pyramid recruitment model. However, in 2023, Got Backup separated the MLM opportunity from its backup subscription service, which is a positive step.
Despite this separation, the use of affiliate membership fees to pay commissions raises concerns about the retail viability of Got Backup. The lack of retail backup subscription quotas further adds to these concerns. Additionally, a secondary company-wide pyramid may exist if the majority of Got Backup’s backup subscriptions are held by affiliates, indicating a lack of retail viability.
Got Backup 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 Got Backup 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 Got Backup?
All the evidence suggests that Got Backup 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.
Is Got Backup a scam?
Can I withdraw money from Got Backup?
Where is Got Backup Located?
How do I get my money back from Got Backup?
Launch a website/app with a generic name
A website or app with a generic name allows scammers to hide behind common Google search results. Marketing such names is easier as well.
Pay influencers & social media pages to promote the scheme
By getting influencers and social media pages to promote their brand, scammers make their shady company seem more legit than it actually is.
Send thousands of emails and make cold calls to potential victims
It’s common for scammers to buy the contact details of people and spam them through email, phone calls, social media messages and other means.
Make victims feel safe through “small wins”
Such small wins usually include a few payments transferred into the victim’s account. This makes them seem more legitimate.
Convince victims into investing large sums of money
Due to the small wins, the victim is now convinced that the company is legit. Now, the scammers try to manipulate the victim into giving them larger sums.
Disable withdrawals & take down the website/app
Once the scammers have recieved a signicant sum, they either stop responding or cite a technical error to freeze their victims’ funds.
Repeat the cycle
After making the money, the scam will shut down and the people running it will launch another and repeat the cycle.