Great News! Read all about it! We$hare CrowdFunding is back to normal business operations.
We are processing credit and debit cards in real-time. We have begun the 30 day countdown to have all challenges of the last four months resolved, including being totally caught up on payment of all pending withdrawal requests.
Whether you joined we$hare back in March 2014 or today, you are part of this Most Amazing Story. Would you like to discover the part you played in we$hare’s history?—then read on. A small but experienced and talented group of entrepreneurs molded an insignificant startup company into a unique and never before heard of business model that embraced the new cutting edge concept of crowdfunding and combined it with the already worldwide and proven successful concept of networking. After several naming and corporate branding attempts, by September, 2014 we settled on the name we$hare CrowdFunding.
Then, we added an equally unique Donation Distribution Formula (compensation plan), one that has never been used by any networking company in the history of network marketing. A short time later, a significant upgrade to the placement strategy was introduced to all Project Managers. Common sense among most successful networkers is to place your new referrals on the first floor directly below you, especially your big leaders. Strangely enough, this new strategy, called the AutoPlacement 2X2 Team Build does just the opposite to what even the most seasoned networking pros believed was the best way to build a strong and viable organization.
Our programmers wrote some very sophisticated code to automate the AutoPlacement. New Project Managers could manually switch the AutoPlacement to OFF and many did exactly that, switched it to OFF until one new leader, by mistake, left his AutoPlacement ON. He was one of the first to introduce we$hare to Europe and saw his organization explode with amazing rapid growth in Germany, The Netherlands, Belgium, Austria, France and Italy as a result.
By December 2014, we$hare had attracted some of the world’s best and most successful network marketers and the growth curve turned even more exponential. In early 2015, Asia came on board with Korea and Japan leading the way making huge contributions to both growth and donations. From January 1st to June 15th of this year, we$hare seemed to be moving fully into the phase of growth called momentum and the Company was not even a year old.
Monthly growth of members averaged 25% per month, while donations bounced around 100% per month. June was on a record setting path with more than 500 new Project Managers joining every day. By June 15, donations had already exceeded the entire month of May and could have easily topped $5 million for the month.
But we didn’t…on June 15 we$hare was stopped dead in its tracks. It didn’t just hit a minor speedbump on the road. It fell into a giant sink hole that nearly devoured it. Stripe, we$hare’s credit card processor, with only five days’ notice terminated our account and suddenly we$hare had no way of processing credit and/or debit cards for new Project Managers.
DCR Strategies, the company that we use for the TruCash debit cards that we provide you to pay your withdrawals, decided they could help and get us a new merchant account. While they were trying to obtain a merchant account for us, DCR and our former executive leadership team came up with the decision to have DCR temporarily process our transactions through their merchant account. These transactions were done in batches instead of in real-time and that decision brought the most disastrous consequences to we$hare in our history.
I am announcing today that we$hare has climbed out of that sink hole! It survived against all odds! We$hare is now poised to fully regain and surpass the momentum it was experiencing prior to June 15th. Before I go into details, I would like to put a few things into perspective so you can understand and fully appreciate just how amazing, almost unbelievable and truly miraculous this story is.
- How many companies do you know that lost their ability to accept credit cards, continued to operate in a crippled mode for four months before getting a new real-time credit card processor and survived?
- How many companies do you know that lost their momentum for any reason, struggled along for four months and the majority of their distributors, sales force, or in our case Project Managers instead of abandoning them, stayed on board loyally and did everything in their power to help the company rebuild itself?
I know of none. But that is exactly what has happened with we$hare. Many of you top leaders have come to me personally and expressed how important it is to resurrect we$hare, because it is the best program on the planet…ever. You have said to me, time and time again, that more people in your organizations are having greater success with we$hare than with anything they have ever done before.
Lifted by the tremendous outpouring of support, we knew we had to persevere and succeed, regardless of how insurmountable the task. Let me give you just one poignant example of the amazing support you showed. At the time we$hare stopped operations on June 15, there were 31,695 active Project Managers who had made one or more donations to the floors above them.
During the next four months while we$hare was crippled and struggling to remain alive, you kept on building and added an additional 46,480 new active Project Managers who presented their credit or debit cards to make a donation.
Unfortunately, due entirely to the complications created by the batch processing of your payments, we$hare collected funds successfully from only 14,169 of you between June 30 and October 28, 2015. That means that we$hare did not collect the funds from 32,311 of you. At an average transaction amount of $188, that is approximately $6,074,468 still not collected. This IS the only reason we$hare has not been able to honor your withdrawal requests in the timely manner we had been doing before this disaster.
As long as our only method of accepting payments was by batch processing with DCR, instead of Real Time, we were helpless to solve this problem. Now that we have a new real-time processor operating and three more coming on line shortly, these problems are already being solved and very quickly.
