11/10/09. ReliableFunds Review and Other News

WARNING! THIS PROGRAM HAS STOPPED PAYING! PLEASE DON’T INVEST!

Hi guys! Hope your weekend is going well so far wherever you may be reading from. Anyway as you may remember a couple of days ago I mentioned I had joined another new HYIP called ReliableFunds and that’s the one I want to talk to you about today. It’s not exactly brand new either by the way, it’s been around for just short of two weeks and if the numbers joining so far are anything to go by I’m guessing that more than a couple of you might already be aware of them if not actually fully fledged members.

I had to delay this because of a few minor technical difficulties involving the script but now that that seems to have been sorted I think it’s safe enough to examine ReliableFunds a bit more closely.

So at the moment there are three plans available but that will change soon enough with one of them only being available for a limited time. That’s the daily payments plan. It’s safe enough to stop and think about it for a while, no need to rush or anything, but if you decide you like it then remember that it will close once it reaches 2,500 members. Now clearly I have no idea if it will ever reach 2,500 members but keep an eye on that anyway if you’re interested. It works like this. You may join for a minimum deposit of $1 and a maximum deposit of $1000. The investment term runs for 5 days and you will be paid 21% interest per day. Your principal is already factored into the payments so don’t expect to see that again. So for a practical example, should you deposit $100 here you will receive $21 per day for 5 consecutive days. Your payments add up to $105 on expiry and that’s the end of that. Or to put it another way it’s 5% profit for your investment.

The next two plans pay only on expiry and while one of them carries more of a risk, both are quite affordable to most. They work like this. The first “on expiry” plan will take deposits ranging from $5 to $5,000. The term is 10 days, and at the end which you are promised 115% of your principal, which is already included. So it’s easy to work out the rest I think. For a $100 investment you get back a total of $115 after 10 days.

The final option is also open to the overwhelming majority of you with a minimum of just $10. The maximum also went up and is $10,000 in this plan. The plan runs for a slightly riskier 15 days this time but if you’re feeling brave then the reward being promised is 125% which again includes your principal. So if we invest $100 here then we should get $125 back after 15 days.

At first glance ReliableFunds looks just like another run of the mill short term HYIP but on closer inspection I’d have to say that the plans here are that little bit more sustainable that those of it’s peers. And the fact that they are all well within the price range of most online players won’t do them any harm either. Accepted payment processors include AlertPay, LibertyReserve, PerfectMoney, and StrictPay, which is a good spread in anyone’s book but especially for a short term online HYIP like this one. Withdrawals need to be requested and you are requested to allow 36 hours for your payment to be completed. It will probably be a bit faster at this relatively early stage. Payments to LibertyReserve however are instant so you may want to look into that.

Hosting is on a dedicated server and provided by Koddos who are also protecting ReliableFunds from DDos attacks. I would expect few surprises there then. The script is licensed from GoldCoders. There was a few hiccups just recently with that but everything is back to normal now. Any problems can be raised with the admin via an online support ticket system, but there is also the welcome addition of Live Chat where you can get your questions answered in real time when the admin is online. I’m unaware if he keeps a fixed schedule there so you should ask him that if you intend making use of it. Links are also provided to discussion threads related to ReliableFunds in the main investment forums.

Membership in ReliableFunds as of today stands just a whisper away from 700 which isn’t at all bad considering that short term programs, while plentiful, are slipping a bit in popularity. With the first round of payments now processed I suppose we can expect this number to grow substantially during the week and why not? It’s not a bad option, at least not if you like short term high risk ventures like this one.

The only other thing is that the standard of English on the ReliableFunds home page would suggest that they are not the crack team of American economists and financial experts that they would have you believe. No real claims of any kind of business activity are made beyond that vague statement anyway so just take it as a game, use your head, play sensible, and there is no reason why you can’t expect a modest profit from your investment.

Other news for today.

It’s been a typical Sunday here so there’s not much in the way of news and updates from the admins. Except some regular ones like the one from Mircea, the admin of MindPowerSurf who just completed another batch of payouts for the members of his program (read my interview with him here):
“All pending cashout requests for today completed – few thousands dollars. Please vote in monitors and forums. Mircea I admin MPS”.

GainRoi paid me on expiry today. The payment was done pretty fast as usual (it was the payment for the 150% after 20 days plan). Well, as you know from my review (published here) GainRoi offers three investment plans: 120% after 10 days, 150% after 20 days and 200% after 30 days. Since GainRoi has been online for three weeks only the first payouts on expiry from the third plan are still to be processed but should be completed soon. But I’m pleasantly surprised that the program could go on as it has after the AlertPay issues when the admin refunded to all the members to their AlertPay accounts. By the way, if you wish to find out more about GainRoi I suggest you to read the interview with the admin Joshua that has been published on my blog here.

You might have noticed that BlackDiamondPortfolio program (reviewed here) was offline for the most part of the day. Instead of the website there was a notice pointing out that the account had been suspended by their hosting provider Koddos. Fortunately everything is back to normal now and the admin of BlackDiamondPortfolio program just contacted me with an explanation of the downtime:
“Hey Paul. Yes, I woke up and it was down, I sent you an email from another gmail account to try to tell you not to have members panic. I did speak with Koddos, and everything is back up and running now. Thanks, I appreciate the heads up.”

I have decided that it’s time for a new poll, guys. From the last one where I asked your favorite feature on MNO I understand that my readers are most interested in the daily news updates. 52% of you consider that the most important feature on MNO. The second most popular answer was “I like them all” meaning that all the features of MNO blog are important for you (interviews, reviews, daily news from HYIP world and payment processors). So 41% of my readers like my blog as it is. I have told you already that I would listen to what you told me so I will pay more attention to the news section and will be updating it daily. I know how much important this for you to be up-to-date with the latest developments from the HYIP industry and early scam warnings so I will try to satisfy your demands, folks.

Thank you to all who participated. For the new poll I’m asking: “What is your favorite investment forum?” There are a few options open to you offering you a choice between – MMG (MoneyMakerGroup), TG (TalkGold), DTM (DreamTeamMoney) and ASA (ASAMonitor site) and one specialized forum – GNI forum (it’s open only for the members of GoldNuggetInvest). I hope you will share your choice and cast your vote in the new poll. I have done it already and my vote goes to ASA which is my own favorite by some distance. And what is yours? Please let me know. Thanks for casting your vote in advance.

Just a few minutes ago I received a new update from the admin of PTVPartner Garrett (interviewed here). So there was three main points in the newsletter. Good news about the ever increasing deposits via StrictPay, not so good news about the delay in bringing the new version of the website to the public and the bad news about GlobalDigitalPay‘s DDoS-attacks that delayed its addition to the PTVPartner website. Before we see the news update I would just like to remind you that the program has been online for one and a half months and is paying you 110% after 10 days, 125% after 20 days, 145% after 30 days and 190% after 40 days (for more details on PTVPartner see my review published here).
“What A Week…definitely…..the ‘Good’, …..the ‘Bad’………and the ‘Ugly’!
The ‘Good’
StrictPay is rocking. It is apparent that this is not only a good choice for us to accept, but also it is apparent that Members love the Currency. Participation from StrictPay has been enormous.
Our Numbers are increasing very fast now. We actually had to increase the RAM at our server from 2GB to 8GB. The server started to flounder with all the traffic. Once we increased the RAM everything went right back to normal and is running smoothly now. Thanks go out to Dragonara for the quick response and the ease they are to work with. Also we want to thank Sid our IT Staff Leader for recognizing the needs and quickly alerting Dragonara of the problem as well as working off days to ensure all was handled adequately…actually flawlessly.
Our Alexa rank has grown tremendously since we began. We are now ranked at 90,897, which is amazing given the short time we have been around. This shows the amount of traffic we are receiving and how fast we are increasing daily.
The winners of our Affiliate Poll contest are as follows.
Lavall – $50.00 winner Alwaysowen – $40.00 winner Wvlady – $30.00 winner Krackers – $20.00 winner Aliceyaya – $10.00 winner
Congratulations to the winners and thank to all who participated. We appreciated the support. The information we received from doing this poll will prove to be invaluable. We will use this information to assist in formulation future changes to our affiliate program.
The New website is ready. A few minor things will need to be added as we set everything up. But as far as design goes, this site is astounding. The visuals are fascinating, the design is intriguing and progressive and the ease of use is amazing. It really is a world class website. We are very proud of it. Thanks go out to Justin for his ability to take our simple ideas and turn them into this amazing website.
Which leads us to the next topic….
The ‘Bad’
When we began the Integration of our script into the new website design, we quickly discover several things that simply would not make the changeover. Our Design team and our IT team, as often is the case, don’t actually corroborate like Management wishes they would. Those of you in those positions know exactly what I am talking about. Anyway, they are communicating now I guarantee it! After the scheduled integration failed and they got to listen to me Rant, for what I am sure seemed like an eternity, they are communicating effortlessly. However, the site will be a few more days while they cooperate to insure a seamless integration on the next round.
We are having some technical difficulties as well with the new chat room. At least a couple of us are. If we cannot get them worked out by Monday, then we mean to increase the capacity of the original room if possible before the meeting. If that can’t happen in time, then, we will only have 50 seat capacity once again.
The ‘Ugly’
GlobalDigitalPay, is still recovering from their DDoS attack. This was apparently a very ‘Ugly’ massive attack. I feel as though they rise from this attack and be stronger because of it. They have the backing. They have the Management. And apparently they have the support of those ‘in the know’. So we have great expectation and wait in anticipation of their true beginning.
Don’t forget we have a Meeting scheduled for Midnight GMT on the 12th of October.
All Withdraw requests have been processed on-time and in-full.
We look forward to the coming weeks months and years ahead. We appreciate your support and kind words found throughout the internet in our regards.
Start the Experience … join PTVPartner to … Free your Life!!!”

That’s all the news for today, guys. I just wanted to let you all know that I added another program to my listing today called AmericanInvestmentFund. Well, actually it has nothing to do with America as it’s obviously written by a non-native English speaker. Well, maybe they meant South America, lol. Anyway, enough jokes because the program itself looks really interesting. First of all because of the choice of payment processors accepted. Along with the usual popular options like LibertyReserve and PerfectMoney payment processors AmericanInvestmentFund also accepts Bank Wires as well as Credit Cards. Yes, this is actually the first HYIP I’ve ever seen that accepts Credit Cards. More about that in the detailed review of the program that is coming on my blog soon. Here I would just like to say a couple of words about investment plans. The first one is called the Trust Plan and it pays 1% forever with the option to withdraw your principal on demand anytime. The minimum to deposit into the Trust Plan is only $1 and the payments are processed on every calendar day. The second plan is called the Business Plan and is intended for more serious investors (minimum to invest is $500). The plan pays you 2% on every business day (Mon-Fri) and you can withdraw your principal after 120 calendar days. The security of AmericanInvestmentFund is being taken quite seriously with BlackLotus as the hosting provider which is known for providing good protection against DDoS-attacks. There is also SSL-encryption of the accounts available by RapidSSL together with licensed Tomacero script (you can see one used in the current version of GoldNuggetInvest). AmericanInvestmentFund just launched a couple of days and definitely deserves a closer look so keep an eye out for the upcoming

I would like to thank you for your attention and tell you that there will be more new and interesting programs added next week on MNO. Thanks to all the free advertising I got from hyip. com and Louise / Dominique / Klaus / Gertruida / Gertrudia (have you figured out how to spell that yet? lol!) the admins are now queuing up to be reviewed by money-news-online. I will have to go back to reviewing two programs per day during the next week. Not all of them will be accepted of course because some of the programs are just awful. So I will select only the best for you guys, and hyip. com can have the rest.

And so to finish I just want to tell you which programs paid me for the last 24 hours. They are: SensibleInvest, AdsDailyPro, OneDailyPro, Verifield, SeamlessProfitable, CSMFinance, Infinitum, GeniusFunds, PTVPartner, GlobalFund, CedexInvest, ReliableFunds, XrateInvest, XagaEnterprise, MindPowerSurf, GainRoi, Metualis, KobelCapital, MoneyCare, NanoMoneyCorp, PanaMoney and SavInvest (the first payment received). Join my blog tomorrow for the review of SavInvest and more of the latest and most up to date news you will find anywhere in the HYIP industry. See you tomorrow, guys!