Martin B.
Didn't honor their referral program
UPDATE: The day after filing this complaint, the company contacted me by email stating they will send me the referral coins in May (they process them once a month on the 15th). I will delete my complaint when I receive the referral bonus. I have placed several orders from Money Metals Exchange over the past couple years and was always satisfied until.... March 2023- I referred a friend to Money Metals Exchange last month and she purchased 860 Walking Liberty coins totaling over $24,000. Money Metals Exchange advertises that they will give you a referral bonus of 1 American Eagle 1 ounce silver coin plus an additional American Eagle for each $5,000 they purchase, plus they will give the new purchaser a 1/2 ounce silver coin. I was on the call with my friend as she placed her first order with me as the referring member. She was traveling and would not be available at her residence, so she asked if they could ship it to my address so she could pick it up from me on her way back through my area. When I received a letter today from Money Metals Exchange, I was reminded of the referral and called them to ask about it. I was told my friend would have to call them, so I asked her to. I then got a call back and was transferred to the man that sold her the coins (James, I believe) and he said because it was sent to my address where we live together, they wouldn't honor the referral. We do not live together, I live with my wife in Idaho and my friend lives in Arizona. When my friend talked to another agent at Money Metals Exchange, she was told that they wouldn't honor it because she didn't say she was referred by me. NOT TRUE! I was on the call with my friend when she placed the order. I introduced myself to the man as a current customer and said that my friend wanted to place an order. Is that not a referral? He didn't say anything about not honoring the referral fee because the coins were being shipped to my house, nor does their advertisement state that. We could easily send a photo of our ID to show the separate addresses. I have cancelled my auto ship with them and will no longer deal with this shady company.


