06/05/2010. RogerVille Review and Other News

ROGERVILLE IS OFFICIALLY CLOSED! PLEASE DO NOT INVEST!

Hi everyone! Well, well, well! Look who’s back! Love him or hate him (and I’m sure most of you are in one camp or the other) there’s no denying the effect Roger Miller has had on the business. He’s run a number of programs in the past with varying degrees of success and he’s back again with his latest venture called RogerVille (no ego issues there eh, Roger? Lol). Personally I’ve liked most of his programs, though I’m pretty sure there’s a couple I don’t know about. The HYIP industry can be a fun place to earn a little extra cash on the side for yourself with very little effort, but you know it’s only fun until people start losing and that is unfortunately the necessary side affect of how the game works. If you make a bet on a sports event and win then the bookmaker can only pay you based on the fact that somebody else has lost. Sorry, but that’s how it goes and if you don’t like it then maybe you are not suited to HYIPs. What I like about Roger is that he is one of the few admins that will candidly tell you that this is how things are going to play out. Whether other admins would like you to be aware of this or not is a whole other story, but that’s how it is with RogerVille.

Anybody who has dealt with Roger in the past will immediately notice a familiar feel to RogerVille. It has all the hallmarks and trademarks of his previous efforts and a fun, cartoon style theme to it. There is just one plan to choose from so it shouldn’t take you too long to decide. And although that plan also has a familiar feel to it there’s also a couple of changes this time around.

The plan, one we’ve seen a number of times in the past and has more often than not been quite a popular one with online investors, has a strong autosurf style flavor to it. It runs for a term of 12 days and RogerVille pays you on expiry. The return is 144% of your initial deposit and that is already counted into the payment. So it’s a simple matter of investing, crossing your fingers, and collecting 12 days later. The minimum deposit is just $5 and the maximum is relatively low at just $1,000. I imagine this is probably an effort to stave off the hit-and-runners that can do so much damage to new programs. But I wouldn’t be surprised if this was raised a bit further down the line. Assuming RogerVille is a success that is (which is by no means guaranteed).

One of the best things about Roger’s programs in the past was the excellent range of payment options open. Unfortunately one of the changes I was telling you about is that this is no longer the case. RogerVille is limited to just LibertyReserve and PerfectMoney, so you know exactly what your entitlements are if you get caught up in the program when it closes. It’s hardly surprising though given Roger’s less than favorable experience with some of the payment processors in the recent past so I won’t be expecting that to change. I’d normally point out that the lack of choice, especially of verified payment processors, would be detrimental to a program’s growth. But while that may also be the case here I’d say it’s to a lesser extent. A lot more of RogerVille‘s success will be more down to the personality of the admin than with other HYIPs and I think Roger’s friends probably outnumber the enemies and I can see a lot of people joining for absolutely no other reason than they know the admin and like their chances.

RogerVille is running off a licensed GoldCoders script and is hosted on a dedicated server with protection and support by Koddos. SSL encryption is not currently supported. You can contact the admin by either submitting a support ticket or else through Live Chat whenever he is logged in.

I wasn’t surprised that the feedback on Roger’s personal return to administrating HYIPs was mostly positive but I was a bit surprised at just how warm it was. Or else maybe the naysayers have decided to just avoid any dealings with it at all and prefer to ignore it. A few have cried “scam” based on their losses in one or more of Roger’s previous efforts but I have to disagree. I don’t want to sound unsympathetic here but the fact is that if there were no false pretenses and no lies being told about what these HYIPs are then I don’t see how anyone can say it’s a fraud. If you want to play you either accept your losses with the same good grace as you would have taken the winnings or else you move on.

There’s no business model as such presented to you here. RogerVille is just an online HYIP game that will eventually run its course. The best course of action is always look out for yourself but don’t get greedy either. If for example you can’t afford to lose $100 then for God’s sake don’t play with $100. Try $10 or $20 if that’s more suitable to your budget. Roger’s good standing in the eyes of most investor’s I think probably stems from his experience with InvestiMates, which was a runaway success. Some of his later efforts were less so, so keep that in mind as well. But the potential of RogerVille is simply enormous, and that at least is one thing on which we can all agree. There is no guarantee that this will be anything like as big as InvestImates, but then that was also a pretty hard act to follow. But the potential is there and will hinge on member’s support, cash flow, and obviously the intentions of Roger himself. Personally I’d say enjoy the game while it lasts, keep both feet firmly on the ground at all times (this is a form of gambling after all), and remember that no one is telling you that all the players will be in profit all the time. But based on my own previous dealings with the admin I’d say it’s worth an affordable few bucks as part of a wider and diverse portfolio.

OTHER NEWS FOR TODAY.

After my earlier update this afternoon there is not so much left to report for today but I would like to mention some payment processor news. GlobalDigitalPay seems to be back online. It took them about two weeks to put everything in order but despite those efforts the site is still extremely slow at my end. I hope they will upgrade their DDoS-protection soon because due to this they are losing many clients on a daily basis who are really frustrated with this level of uptime. I’m aware that it’s not GlobalDigitalPay’s fault but something really has to be done regarding all this. Here is the latest update from GlobalDigitalPay site:
“Yesterdays attack was mitigated and we were online for about 10 hours, but then they struck yet again! So most people cannot see the web site.
We are making some changes to our DDoS prevention and mitigation solution and will be back shortly.
Once again, we are sorry for the down time, but we are doing all we can to stop this attack and ones to come.”

It seems that StrictPay payment processors could lengthen their promised 7 business day timeframe for deposits and withdrawals. They are finally doing all they can to provide more deposit and withdrawal options to its clients and StrictPay is going to restructure their banking system in order to make everything faster and simpler like it was before. This process could take about 30 to 60 days and will require some level of patience from the members when the timeframe for adding funds and withdrawing them could take longer than usual. Let’s hope everything will be back to normal soon. Here is the latest newsletter I received from StrictPay:
“StrictPay Customers
As some of you may know, we have been having some difficulties with both deposit and withdraw time frames being met recently. This is solely due to issues concerning the many different international banks we are currently using, and the general non-user-friendliness of their transaction and tracking systems. There was a time in the past when we dealt with our major banks in Panama, but we also had accounts in the United States as well. The benefits of having some funds in the United States was that there systems are easy to use, transactions are very easy to track, and funds transfers happen much more quickly. This allowed us to keep all of our funding/withdraw requests on the shorter end of the stated time frames, while we could then transfer large amounts of funds to our main banks in Panama. The funds transfers to our Panama banks were often very slow, but that never affected our customers, as the time frames they experienced were always connected with the United States banking systems. The major issue being that we as a company only dealt with the slowly deteriorating time frames connected to our international bank accounts, but our customers did not.
The downside to the United States banking system is of course that they tend to be over-regulatory and very intrusive. They also do not like to work with any companies that they feel are processing payments as a third party processor, or are acting like a bank themselves. The United States banks also have a tendency to want to “help” their customers by letting them strongly know that they would not recommend them putting their funds into investment companies that are located outside the United States. And as some of our customers who have tried unsuccessfully to do bank wires from a United States bank to one of our international banks have found out, they also sometimes will flat out not allow the bank wire to be done. This is the exact type of intrusiveness that is both absurdly arrogant, and at the very least inconvenient to their own customers.
The solution we have found was to search for trustable contracted agents in the United States again. We understand the importance of getting back to the basic shorter time frames that we were always known for, and the way to do this would be to aggressively restructure our company banking systems using both our international banks as well as United States banks through a reputable contracted agent. We have been working on this for some time, and we feel we are close to having all the systems in place. It was also very important to be sure that we were able to make these aggressive banking changes without compromising the privacy and security of our customers.
The first positive impact from this for our customers was the ability to accept checks and money orders by mail again. The second positive impact is that we recently added United States bank wire deposit instructions, as our goal was to help make it easier, and less expensive for our United States customers to be able to deposit funds using a bank wire deposit. And while we cannot make any promises, it looks like the next positive impact will be the likely ability to offer ACH options to our United States customers again. We will notify everyone when this option becomes available again.
As this restructuring process is being completed, you will continue to see some longer deposit and withdraw time frames, and we apologize for the inconvenience. We do not expect the time frames to exceed 10 business days, but we are sure that on occasion they will. We ask that you please be patient during these times, as we feel that we should likely have the entire restructuring process completed within about 30 to 60 days, and then all time frames will be back to the shorter ones that you grew accustomed to for the first two years we were in business.
We appreciate your understanding and patience during this trying time, and rest assured that our intentions are to insure that StrictPay is in business for a very long time as we have always envisioned. We appreciate you choosing StrictPay as your online payment option, and we hope to be updating everyone soon about ACH availability, as well as how our restructuring is progressing.
Team StrictPay. The Best Payment Solution”.

Well, it looks like StrictPay and GlobalDigitalPay issues gave ground to the admin of Aballong Alrea to make some excuses about not replying to emails about the refunds and delaying the payouts. Well, it looks like Aballong is trying to find some excuses which will make them last longer but will it be for the benefit of the members or the benefit of the admin? Well, we will wait and see it pretty soon. At this moment Aballong will still remain in Not Paying status on MNO and I would strongly discourage from making any additional deposits for the time being. Please I require everybody who complained to me regarding the non-payment of refunds to confirm if you get it anytime soon as we are yet to see them paid. For the benefit of the members of Aballong which is a suspected scam now I’m posting the following update below:
“We still not get any answers from StrictPay not even the feedback that they received the papers, and they did! So we are a little behind in investments, into bookies, GDP is somehow back online, but no exchanger is willing to exchange out, so also here we can’t do arbitration at the moment, this considered, we still have other Epayment Systems and we still make arbitration with them, and be on time with payments with all Premium Plans as we promised, we got also more than 900 emails at the moment so we are behind this, we work at the emails as fast as we can, please do not send more than one email as it just delays the email responds from us. All pending refund requests will be refunded as fast as we can, please do not submit here more emails, it will not be faster, some people submitting 10 emails at a time!
Regards Alrea”.

Well, there is nothing more to be said today, guys, except that I have been paid from the following programs over the last 24 hours:
TrueEarn, HighYieldClub, AlphaMoney, ChokoMoney, GoldenFount, OneStepMoney, Cizaro, StaunchFinances, EnergyMoneyFund, GroupUniversal, RogerVille, ArbsTeam, BetExpekt, NanoVenture, InvestAward, MoneyPlus, DollarTime, PenninesFunds, Plents, YesInvestment, EzProfit, XoboFinance, EuroNanoInvest and RedOrchidInvest.

I hope to see you on MNO tomorrow with another review and more news from the industry. See you then, guys!