04/10/2010. Interview with the admin of EarnPlaza

BEWARE! THIS PROGRAM HAS STOPPED PAYING! PLEASE DO NOT INVEST!

Hi everyone! A recent short term HYI program added to my monitoring list that shows some promise is EarnPlaza, and today I’m pleased to have an interview with the program admin, Matt. He takes a refreshingly honest approach here and makes no secret of the fact that he’s been in the industry for a number of years. In what capacity isn’t exactly clear but EarnPlaza is not his first program and I appreciate him telling us that from the start and not bothering to deceive anyone with the usual false claims about currency trading and the like.

But there’s a bit more to EarnPlaza than that. They are currently offering terms paying 110% after 5 days, 130% after 10 days, and 160% after 15 days. The program has been online for the last two weeks now meaning the first two plans have already completed at least one cycle putting all the early members well into profit. In fact I can personally confirm that as I myself am one of them, having just been paid on expiry from my first investment with the five day plan. Payments from the third plan are, at the time of writing this, imminent. For further details on the plans and the EarnPlaza website in general you can refer back to my original review published here or leave a comment on the discussion thread in the MNO forum here. But let’s see what Matt has to say first.

“1. Hi Matt, please start by introducing yourself to the readers of MNO and telling us a bit first about your own role in EarnPlaza and what kind of previous experience you have in running a business?

Hello Paul and MNO readers, my name is Matt Powell. First of all thank you for giving me this great opportunity for an interview. I am administrator and owner of EarnPlaza investment program. My own role in EarnPlaza is quite big. I do almost everything: payments, advertising, handle support requests and do everything else that’s related to the program’s development. Anyway I have two more stuff members in EarnPlaza team who are responsible for website security. Well, I have huge experience in this business and I will tell more about that later in the interview.

2. Can you also tell us a bit more about EarnPlaza itself? How long have you been in business? Are you running this alone or are there others involved with you? Why did you start the program to begin with?

Sure. EarnPlaza is already two weeks online and its growing very well. As I mentioned before there are two more staff members in EarnPlaza who help me. It’s hard to manage an investment program alone because there is so many work has to be
done daily. There is no special story why did I have started a program. I love to take big challenges, so I simply decided to open a good program when then industry was at a low point and I am really happy with my decision.

3. Please explain the investment plans to us in detail. What are the minimum and maximum amounts accepted into each plan? What rates of interest do you offer and how long do they run for?

We have three investment plans:

110% after 5 Days – The minimum deposit is just $10 and the maximum is $1000. So basically if you deposit $100 into EarnPlaza, your account will be credited with $110 after 5 days. Your principal is included in the return and profit in this case would be $10.

130% after 10 Days – The minimum deposit is $20 and the maximum is $2000. In this plan if you deposit $100 into EarnPlaza your account will be credited with $130 after 10 days. Your principal is included in the return and profit in this case would be $30.

160% after 15 Days – The minimum deposit is $30 and the maximum is $3000. If you deposit $100 here your account will be credited with $160 after 15 days. Your principal is included in the return and profit in this case would be $60.

As you mentioned in your review all of our plans have quite a low maximum. We are not looking for fast money and thats why we decided to make a low maximum. Because bigger deposits from members can destroy a program.

4. The EarnPlaza makes a couple of interesting points about the recent history of the online HYIP industry. So what’s been your own involvement in that? How much do you know about the industry and what experience do you have as an investor and an admin?

As I mentioned before in this interview I have vast experience in this industry. First time I was involved in was back in 2005 as an investor. I am sure you remember programs like StudioTraffic and 12DailyPro. They gave an opportunity for investors from all over the world to earn big money and its a shame that nowadays long term programs can’t seem to last for more than one or two months. I am not going to mislead members by saying this is my first program. I have been working in the management of HYIPs since end of 2008. I really love the HYIP industry and I consider it as my job.

5. Can you give us any statistics regarding the program? Particularly in relation to the number of members, the amounts paid in and out, and from which plans.

There is no statistic at our website so I am not going to disclose all of them. Anyway EarnPlaza is just two weeks old and online since September 20. Its a quite new program, but despite that we have already 700 registered members, a total of $26,000 deposited and already $9,000 has been withdrawn from the program.

6. If a reader wants to join EarnPlaza then what payment processors are you using? I see that you added AlertPay after you started. Why so late? Has it made a noticeable difference to the number of new members joining per day or is it too early to say?

Currently we accept deposits from the following payment processors: LibertyReserve, PerfectMoney and AlertPay. Honestly I am not sure if we need to add more payment processors because those are the main ones in the HYIP industry. I really liked StrictPay but after they froze all old funds I am not sure that people still trust them. Yes, AlertPay made a difference and there is a lot of investments came from members via AlertPay. I can explain why we didn’t add them from the very beginning of EarnPlaza. As you know a lot of programs recently had their AlertPay accounts blocked and those programs were destroyed. But there’s a lot of members who use AlertPay and I received many requests to add it. Thats why I decided to do so. Our AlertPay account is verified so I hope we won’t have this problem in future.

7. How highly would you rate the security of your own website? Tell us about your hosting provider and how highly would you rate them as a service provider?

A quality security policy is a part of success, especially when it comes to the e-commerce field. EarnPlaza is hosted on a dedicated staminus server by DDosSWIZ and it has a top-level DDOS protection. I rate them pretty highly because so
far we didn’t have any problem at all with that aspect.

8. What about your script? Who is the provider? What do you think the benefits of this script are to both the admin and the investors? Are you using SSL encryption?

GoldCoders script is the most popular script in the HYIP industry and at the moment I don’t see any serious alternative to it. Its very easy to use for both members and admins and of course they are the leaders of the industry because of the security. Yes,
our website also features an SSL encryption provided by Comodo, ensuring safe data transfers between members and the website.

9. What kind of customer support do you offer? What is the best and most efficient way to contact you if I have any questions?

Members can contact me using the support form that is available at the EarnPlaza website. I will answer all support tickets within a few hours so it is the best way to contact us. If a member has a problem that needs a quick solution he should use Live Support and of course members can catch me in YM: earnplazainvestments

10. What have been the most common questions, problems, or other support related issues that you have had to deal with so far? Is there anything you would like to address here so that members can avoid having to contact you?

Honestly I cant remember any big problems. Most of the common questions in the first days of the program were about MNO and AlertPay. There was a small problem with registration in older versions of Mozilla Firefox, but as soon as one of your readers contacted me we fixed the problem. I just want to ask members to keep their account access data in a safe place. Never use the same password for your e-mail, program accounts and e-currencies. I am sure it will help to avoid a lot of problems.

11. What other outside business and investment activities are EarnPlaza involved with? I said in my review that you don’t say much about this, so is it fair to say you are a traditional online HYIP based game?

Well, that ForEx story is surely the most used way to dress up an online HYIP but I want to be honest with you here and all members too. I am sure you and your readers know that those stories are just lies and 99% investment programs are traditional online based games. I have some income to help keep EarnPlaza stable. For example so far I have used only my own personal funds to pay for advertising. But anyway mostly it’s what you call a traditional online HYIP based game.

12. Tell us more about the general advertising and promotional strategies being used by EarnPlaza. In a very competitive market what are you doing to bring EarnPlaza to a wider investment audience?

I am trying to promote EarnPlaza everywhere possible. First step of promotion was to find some good monitors and as you can see we have added many of them. I really like that they rate our program so highly and mostly we are in the top 10 on almost every one of them. There is a lot of EarnPlaza banners around and it helps a lot to gain new members. Now I am working hard on blog promotions. As a result members
can already find some EarnPlaza reviews. Soon I will announce new Weekly Special and I am sure it will have some success around potential investors. Anyway, the most important promotional step is keep paying. Only this will give any program a chance to grow and have success in the HYIP industry.

13. In addition to the expanded list of payment processors, I believe you have some plans to develop EarnPlaza further in the near future. Will there be any interesting changes made soon? How are you planning to keep the program competitive with so much choice in the industry?

Every business needs to progress and offer something new to keep members interested in them. We are working hard to make EarnPlaza better every day. As you can see almost every day we add something new. As I have announced in yesterday’s newsletter we will soon change our support ticket system and will be adding twitter. I can also disclose that I am currently working on phone support. Can’t really say when it will be available, but I am sure that it will be very soon.”

Thanks a lot to Matt for that and best of luck to him with his project. But more especially best of luck to the regular investors deciding to take a gamble there. I know it’s already paid off for some of you so fingers crossed EarnPlaza has many many more cycles left in it.

That’s about all for today guys (quiet day for news!) but before I go there are a couple of new programs you may have noticed on my monitoring page today. I’ll be reviewing them in full a bit later when I have time but I’d just like to quickly mention them here, just to give you a heads up in case there is something you particularly like. They’re called Budgetiva and CurioHunters. Intriguing names or what, lol! I’ll give a better introduction to them in tomorrow’s update and review them properly after that once I get the chance to study them a bit more closely.

So stay tuned for that, everyone. See you tomorrow!