19/07/09. AssetsParty Review and Other News

BEWARE! THIS PROGRAM HAS STOPPED PAYING! DON’T INVEST!

Hi everyone! I just joined two new programs last week, last Wednesday I think it was, and the first one I want to talk about today is called AssetsParty. It’s certainly one of the most interesting programs I’ve seen in a while, in terms of appearance I mean. Very original design throughout and very eye-catching.

Is that all there is though? Well the plans are kind of interesting as well. There are two of them available at the moment and we are assured there is a third in the pipeline. I would best describe them as medium term. Within those plans there are further variations depending on how much you would care to invest.

AssetsParty‘s first major plan is called the Standard Plan and it offers to pay you a daily rate of interest. It runs for 35 calendar days and pays out seven days per week. The minimum amount you may spend is $10 and for amounts up to $199 you can earn 1.5% interest per day. So if you were to invest let’s say $100 that would mean $1.50 paid to you everyday, resulting in a total profit of $52.50 with your principal then being returned.

A more expensive, and rewarding, variation is for investments between $200 and $1,999. For that you can earn 1.8% interest per day. The minimum investment here will rake in $3.60 everyday until you finish up with a total profit of $126 on top of your principal.

The third option for you in the Standard Plan is to invest from $2,000 to $10,000. For that you will be paid 2% interest per day. If you can spare two grand I doubt you need much help from me in counting but for what it’s worth the minimum spend will hopefully net you a daily payment of $40 until you reach $1400. Then expect your principal to be returned.

The next major plan in AssetsParty is called the Stable Plan. It runs along similar lines to the last on but the two big differences are that this plan pays weekly and not by the day. It still runs for the same length of time though at five weeks. The other difference is that because it’s a riskier option, it’s also a more profitable one.

So your first option will cast you a minimum deposit of $50 and for that you can earn yourself a weekly return of 13% interest per week. You may invest a maximum of $200. If we again take the simplest most straight forward example of $100 for an imaginary deposit we should expect five weekly payments of $13 adding up to a total profit of $65 on top of your original principal.

The next option is for amounts between $200 and $1,999. That will get you a weekly interest payment of 14%. So the minimum spend here will get you $28 per week, earning you a total profit of $140 and your principal.

And then finally for the more well heeled HYIP fans willing to play for the big prize and sink from $2,000 to $10,000 into AssetsParty your reward will be five weekly interest payments of 15%. For the minimum investment that would, we hope, get you $300 per week until you reach a total profit of $1500 and then have your profit returned.

All payments are made automatically directly into your e-currency account of choice and do not need to be requested. According to the admin AssetsParty works off a totally automated system that updates pending payouts every 30 minutes.

A couple of other quick points I need to make about the plans is that first of all there is a third one waiting to be rolled out. The terms are in fact already explained on the AssetsParty website but I am not going to describe it here. That would be pointless. Because you can’t join it even if you wanted to. I’ll just say that it looks quite similar to the previous ones, except that this time payments will be made on expiry. You can check their site to see it for yourself, and if it looks good to you then I’d suggest you keep an eye on money-news-online and I’ll update you the same day it gets implemented. There is no word as yet as to when that will happen, but I doubt we’ll be waiting long. The other thing is that you may also spend either euros or dollars here. I usually speak in dollars myself as that is still how the majority of the online HYIP world operates, but remember that the option is there for you.

Other than that I think I just need to mention the list of payment processors. And it’s a pretty short list. PerfectMoney and LibertyReserve. Nothing wrong with either of those companies and they both have their advantages. But requesting a charge back wouldn’t be one of them.

The next important aspect of AssetsParty to describe is of course the security. And I must say this is a bit tricky. But not in a bad way, I mean overall it’s quite good, it’s just a bit unconventional. Out of the ordinary if you like, but the important thing is it’s solid enough. It’s hosted on a dedicated server which is great. Despite the best being your minimum demand in my opinion anyway, it’s noteworthy that AssetsParty are being hosted on a Staminus server which is always a quality sign.

The part that’s difficult to describe is the script. Don’t worry, it’s all quite good and user friendly, easy to use in fact, but even the most ardent HYIP players might have to look twice. The thing is that most HYIP’s that make direct payments into your e-currency account do not use a script at all. In fact that is the prime motivation for not using a script. Bypass the very need for a script at all by making direct payments from e-currency to e-currency. Most of you will know what I’m talking about, NovalexFinance being the most obvious example of a successful script-free program. AssetsParty seems to break the mold here with this. The script appears to have been custom built to accommodate direct transfers. I must say this is a new one to me. Any experienced players reading this who have seen this script (or rather just this feature) before please leave a comment.

The most interesting feature is that you will first need to deposit money into AssetsParty before being able to access any account. But trust me on this one, it works fine. Once you have chosen the plan that best suits you, only after joining will you be sent an e-mail informing you of your log-in and account details.

The final word on AssetsParty is probably going to sound like a broken record by now. A lot of the good work that has been done in trying to establish a good reputation in areas like security and sustainability will probably be undone by the limited choice of payment processors. Like I said there is nothing wrong with the individual companies, but why make such a supreme effort with this customized script when the addition of a couple of verifiable Canadian e-currencies, which would have been free, would have made a vastly superior improvement to your reputation?

Is it all style and no substance? Not really, I think the plans are realistic enough, but there is one slight problem. Maybe “problem” is the wrong word, but the fact that you can’t actually profit from any of the plans in AssetsParty until after they expire is going to put them under a lot of scrutiny and any mistakes at this early stage could have enormous effects. And it’s not always under the control of the admin either. For instance if there is only two payment processors what happens if there is some serious downtime or a technical issue with one of them? It’s bad news for AssetsParty if there is any kind of breakdown there. I mean it might not be likely to happen but if it does it will unnecessarily undo a lot of otherwise good work.

Remember that none of the plans will see you with a proper profit until after expiry which kind of reduces the benefits of one over the other (eg daily payments versus payment on expiry) which while of course only goes towards making the plans more realistic, also means the admin has double the workload in terms of establishing his credibility.

AssetsParty? Average. Looks good. But looks better than it is.

Other news for today.

Let’s start today’s update with the long-awaited news from the admin of XagaEnterprise a site of which has been offline quite some time. I have already lost any hope of seeing it back in the near future but the admin continues to promise that the site would be back pretty soon and puts all blame for the delay on their former provider HushHosting. I’m not sure if it’s true or not so any response from HushHosting administration on this matter would be highly appreciated. Anyway, I know that many investors of XagaEnterprise are interested in enabling to access the site much more than in the reasons why the site is still offline. And I really hope we will see XagaEnterprise back next week as it’s promised in the update for the sake of all investors that believed in Kevin and invested in his program:
“Hi Everyone, I apologize for being late to launch my website. Please don’t blame me but blame Hushhosting. Miquel, CEO of HUSH, said my website is suppose to be ready this week. But until now, it’s not ready yet. Miquel is a scammer. 2 weeks for nothing. This morning, I hired other programmer and after 3 hours, I can see some result. Miquel can’t install and integrate my website. Such a waste of time and shame. This is nothing to do with Doris. Doris did her job. Miquel only talk bullshit.
The New Xaga doesn’t use Hushhosting. Hushhosting is a crap. And Miquel is a scammer. Stay away from Hushhosting! Fake protection and poor support. Because of Hush, I lost lots of Time, Investors, Money, Etc.
The New Xaga will launch next week. It will really launch as now you can see some improvement on my website.
Thank you for your understanding.”

The admin of YesICanSurf (interviewed here) keeps seeking for new income streams and their profit sharing site is nearly ready to launch. I’m myself not a fan of profit-sharing programs so I will not be joining it. However this decision will be beneficial to the current members of YesICanSurf so I would definitely support it. This is the latest update from YesICanSurf:
“First I’d like to welcome all new members to our YES I CAN family. We are rocketing lightening-fast towards our 1000 member goal, and that is wonderful !
Folks, our adpacks are just $2, so if you are serious advertisers why not earn yourselves more credits and increase your number of sites in rotation by upgrading? At the same time, you will earn as you surf daily! It’s a win/win situation!!
Speaking of sites in rotation, this week we had to revert to manual approval of sites because a few members added inappropriate ones, or sites that neglected to follow our rules. Please consider your fellow members and do not try to add sites that break frames, contain popups and or adult content.
YES I CAN SHARE is almost ready for Pre-Launch and all being well, we will have good news for you on Monday. Please stand by. (Several of our members have already shared some excellent suggestions that will certainly heighten the excitement of Pre-Launch!! Meanwhile, many thanks to all of you for your support.”

It seems that the second autosurfing program that I had on my monitoring page – ProspectHits – predictably folded after just 3 weeks online. I had some bad feedback about pending payouts that some members have had for 72 hours. Of course they can’t get any response from the admin. This recent failure again confirms my theory of the total collapse of the autosurfing industry as a whole and confirms I was right in not accepting any new autosurfs for monitoring anymore. As I have said on my blog before I will try to transform my list pretty soon and list only good quality programs.

Unfortunately, being a good program doesn’t mean that it’s not going to fail. That’s exactly what happened to OilInsider – a program considered by many to be quite promising. It appears to have closed just 6 weeks after I added it to my monitoring page. I haven’t received this week’s payment for over 48 hours and I know people who were not paid for over 72 hours after requesting their weekly payouts. Well, this just leads us to conclude that OilInsider is gone which is very unfortunate because I considered it a very decent program with an original idea instead of the usual Forex nonsense. What can I say? It happens and we should be always be prepared for losses if we want to play around with HYIPs.

Some good news from RegalProfit (reviewed here). I have finished both plans of 27.5% for 4 days (110%) and 120% after 5 days and reinvested in both as well. I believe RegalProfit program has good potential to last for a relatively long time because it’s a high quality program that is quite a rare among short-term HYIPs. The majority of payment processors and top-notch DdoS protection from BlockDos are also factors contributing to its success. And the fact that RegalProfit has now over 700 members after being online for just 5 days confirms a lot of others think so too. By the way, I’m glad to report that the admin of RegalProfit finally consented to answer a few questions for an interview so I hope to publish thatt on my blog next week.

Those investors depositing with EnscoOffshore (reviewed here) know that the program has been an excellent performer and has been paying to its investors for over 4 months. With the plan offering 2.5%-3.5% for 60 days with the principal back on expiry EnscoOffshore made many investors in profit already. As you might be aware I smiled at the image of a famous actor on their main page but I put it to my Personal Favorites listing anyway and was not disappointed. The program recently upgraded its database and came back with a more stable system. The admin of EnscoOffshore asked me to publish the following update on my blog and I’m glad to oblige:
“Upgrade Database Finished.
We have just finished database maintenance update to accelerate network performance and increase security upgrade, the time of payment will change appropriate with our new server timebase. Please allow maximum 24 hours for server works perfectly. We are sorry for the inconvenience.
PS: Please clear your browser cookies before accessing our new server site.”

RoxiTrade (reviewed here) which appears to be a very decent HYIP published a weekly trading report. I would not take it too seriously as they can post whatever they want and we will not be able to verify this info anyway. Although I don’t think it’s wise to publish very negative updates considering that the program is a regular HYIP which needs new spends from new investors. Publishing such negative things can have a bad affect on the participation of the new members. However at the same time it could be a trick to establish their credibility. Here is the most recent update from them:
“Weekly Trades Report [ Jul 18, 2009 04:31 ]
This week trading session is now closed. The result was a small damage around -12 pips. It usually happen in forex market. Nobody always get profit, may be sometimes get damage.”

SazaInvestments (reviewed here) just finished another weekly round of payouts and as far as I know all the investors that didn’t forget to request their cashouts on Friday have already been paid. The next round of payouts from SazaInvestments will be done next Friday:
“All payments done again. Next Friday you will be able to request your withdrawals again and will be payday again for us. Thank you all for your trust in us.”

The admin of DirectResult program (will be reviewed on my blog soon) reminds us that the minimum payout allowed to be made via AlertPay is $1. And if you wish to request less than the minimum allowed to AlertPay you should do it to other payment processors:
“Please be informed that AlertPay does not allowed payment that is less than $1. Please ensure to withdraw $1 or above if you wish the payment to be sent to your AlertPay account.
If you wish to withdraw any amount less than $1, please add LibertyReserve, PerfectMoney or StrictPay to your account to enable us make the payment to you. Any withdrawal to AlertPay of less than $1 will be returned to your DirectResult account if we did not find any other e-currency account to send the money to.”

By the way, AlertPay payment processor which is almost as popular among my readers as LibertyReserve recently sent an important news update to its members. I must say I’m rather impressed with the recent developments and their willingness to make constant improvements. By the way, in this update AlertPay touched on such important topics as changing their banking partners, enhancing their verification process for Business account holders which will hopefully reduce the number of scamming admins, some new business tools for online sellers like multi-item checkouts and mass pay, AlertPay approved exchanger, social networking on such popular websites as Facebook and Twitter and of course sharing some plans for the future. Please read this update carefully if you are using AlertPay on a regular basis or just thinking of becoming a client:
“Thank you for choosing AlertPay. We are so happy you did! As usual, the people behind the scenes at your favorite payment processor have been busy making the service even better for you. Please take a moment to review some of the major developments that have taken place at AlertPay in the last six months.
New Banking Partners
One of the reasons we switched banking partners is to make depositing and withdrawing money easier than before. In the near future, you will enjoy enhanced banking features, such as instant credit for loyal members with positive transaction histories, quicker processing times and localized banking for more countries.
Anti-Money Laundering and Anti-Terrorist Funding Measures
To maintain compliance with anti-money laundering and anti-terrorist funding legislation and to enhance the overall security of your account(s) and our network, we have introduced more stream-lined verification measures.
As of February 2009, Business account members have had to become verified to send, request, deposit and withdraw money. As well as submitting a proof of address and photo ID, Business account holders must submit a proof of ownership for their business.
New Business Tools for Online Sellers
* Multi-Item Checkout: Multi-Item Checkout allows you to further integrate your shopping cart by listing all the items a customer is checking out with.
* Mass Pay: If you have weekly payouts like commissions or referral payments, you can now view past batch payment details and locate individual payouts without effort.
* IPN Upgrade: Many sellers have to contact us when they do not receive an IPN post for a specific transaction and we have to send it again. We now send up to nine IPN posts until we get confirmation that their server has received it.
AlertPay Approved Exchangers
Due to popular demand, we now allow members to use select exchangers through our service. If you need to use an exchanger, you can use the following: http://alertexchanger.com/exchange/alertpay-exchange.html. If you use an exchanger that we do not recognize, you do so at your own risk. Please note that we will be publishing a list of AlertPay-recognized exchangers on the website soon.
Facebook and Twitter
Stay up-to-date on all things AlertPay by following us on Twitter or becoming a fan of our page on Facebook. Check out our blog for links to these nifty social networking sites.
Future Plans
We’re always busy! Whether we’re developing new buttons for our online business owners or extending localized banking to more countries, we always have something in the works. Soon members will be able to expedite their check withdrawals if they choose. This was a frequent demand that we met for your benefit.
Check out our blog for other exciting updates and articles and our FAQ for answers to your questions.
Don’t forget about your AlertPay account. You can send money to friends, family or online sellers in any of the 190+ countries we support in any of the 21 currencies available. Take advantage! Your feedback and suggestions are always welcome — just submit a ticket. Thank you for your continued loyalty.
Many thanks, The AlertPay Team“.

That’s all for today guys, except to give you the list of programs on my monitoring page that paid me for the last 48 hours: InvestiMates, SolidCapital, Veolex, SteadyGrowthInvest, OnisGroup, NeqxGroup, GlobalTraderGroup, GeniusFunds, RegalProfit, Verifield, EnscoOffshore, AssetsParty, Merchandies, ElegantMoney, GermanEinsteinTrust (the site should be available on both domains now), CoolReturn, BestInv, FlipReturn, NanoMoneyCorp, AsianInvestGroup and NovalexFinance. See you on my blog tomorrow!