31/05/2011. Interview with the admin of PrimFix

Beware! PrimFix is paying selectively! Do not invest there!

Hello everyone! The main update I have for you today (on an otherwise quiet day for news) is the following interview I received from Derek, known to many of you as the admin of one of the better short to medium term making opportunities available on the net at the moment which is PrimFix. Since launching in April they’ve gradually built themselves into a very dependable program with a very stable payments record. And in a hugely volatile and unpredictable industry Derek can only be commended for establishing PrimFix as an example of a program that can be managed competently and maintain a steady level of growth.

As well as the obvious subject at hand which is his own program, Derek also has some interesting thoughts on the business (including suggestions for MNO!) that you may enjoy reading. Before we hear from him though I’ll just remind you that PrimFix offers terms of 120% after 15 days, 160% after 30 days, and 210% after 45 days. For more information on them refer back to my original review of PrimFix first published here.

“1. Hi Derek, please introduce yourself to the readers of MNO and give us a little background information on yourself and your experience in managing other peoples money.

I’m the administrator of PrimFix, which was opened to the public in April of this year. I have been betting in sports for a few years already but it’s the first time I open a business like this to the general public. We found out that the HYIP market is a great way to gather investors, so here we are.

2. Can you share some facts about the PrimFix business with us? How long have you been in operation? Are you the sole employee or do you have an assistant or a partner?

We are online since April of this year but I’m not the only person working at PrimFix. We have one programmer who takes care of the site and server configurations and we keep, a designer working on banners and graphics for the site, two people in our customer support service who can now offer support in both English and French and me and another two people working on finding and placing the bets, doing market analysis, etc.

3. Assuming someone is coming into the online investments industry for the first time, can you talk us through a step-by-step guide in how to become a member of PrimFix and what happens afterwards?

We built a guide specially for this people, you can check it here: https://www.Primfix.com/docs/guide We want to reach not only investors who are already a part of the HYIP community but also bring new people to the industry, many people feel attracted by this industry but they have no idea of where to start so we decided to put some effort and help them joining us.

4. What are you offering investor in terms of plans and profits? What is the minimum and maximum amounts you can invest?

We offer three investment plans, plan A pays 120% after 15 days, plan B pays 160% after 30 days and plan C pays 210% after 45 days. Principal is included in all plans, minimum deposit is $10 and maximum is $10000. Multiple deposits are allowed as each one of them is treated as a different transaction.

5. Please explain the “PrimFix Lite” website to us. What’s it all about, why did you find it necessary to launch it, and what are the benefits to your members?

PrimFix Lite is a lighter version of the main site, where no signup is required. Investors can go to it and make an investment using their e-currency accounts, they’ll receive a transaction ID and they can use to track the expiry date of their investment. We built it for members who don’t feel comfortable with signing up for an account or with limited English skills, Google Translator is integrated in that page and texts were written in a very simple way so members can translate it to any language and understand it. We will hire professionals to translate it into major languages in a near future.

The results of PrimFix Lite have been great so far, nearly 15% of deposits made in the past week were made using our Lite version, the reason for that is probably our PTP system, many people are promoting their PrimFix Lite referral links.

6. What payment processors are PrimFix currently dealing with? What have been the most popular choices so far, both in terms of the number of individual investors and in terms of the amount of money deposited?

We are dealing with AlertPay, SolidTrustPay, LibertyReserve and PerfectMoney. We are also accepting credit cards payments now, through AlertPay. Most of our members are using LibertyReserve in terms of amount of money and AlertPay when it comes to the number of investors so far but we expect more people to use AlertPay now since we are accepting credit cards through it and many investors are making deposits with that.

7. Do you have any concerns about the seemingly arbitrary suspensions carried out by AlertPay against some of its biggest customers in recent times, and the possible consequences that follow? What would you do if that were to happen to PrimFix?

We are a registered company and AlertPay has all of our documents, we went through a verification process in order to accept credit cards payments so I really don’t see that happening but in case it did, it wouldn’t be a huge problem as most of our money is not in our e-currency accounts but in our Bookmakers accounts, it would take us a few days to exchange it to another e-currency, such as LibertyReserve, but our business wouldn’t be highly affected.

I don’t like surprises, I’m the kind of person who checks something ten times before making the final cut, I like to make everything clear before I act so I believe AlertPay has absolutely nothing against us otherwise they wouldn’t make us one of the only HYIPs accepting credit cards payments on the Internet.

8. What would be the best and most efficient way of contacting you if I have any questions or problems? Is English the only language support is available in? You have mentioned opening a members forum I know, what sort of progress has been made there?

Investors can contact us using our Support Ticket system, which is available in both English and French or use our Live Chat Help in the main site. Our forum was opened a few weeks ago and we’ll be updating it in a constant basis, we are still waiting for more members to join the forum but so far the response is very positive, we’ll create more sections and hire some sports betting experts to post in that forum very soon.

9. 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?

The most common issue is that members forget to make an investment after depositing money to their PrimFix accounts. After making a deposit, members need to go to the Investments tab and pick an investment plan.

10. Can you tell us in detail about the security of PrimFix? Who is your hosting provider and how highly do you rate them as a service provider? What script are you running off? Are you using SSL encryption?

We are running on a customized MonetarySoft script, it has been modified to increase its security. Our site is hosted in a Dragonara dedicated server with SSL encryption and their team has been pretty supportive, we are very satisfied with their services and we would definitely recommend it.

11. What other outside business and investment activities are you involved with? Can we see any independently verifiable proof of these activities?

Most of our money is invested in sports betting and a small part of it is spread into different types of investments, we will cover it in our next monthly report. About the proof, it’s kinda hard to provide it as if we did it once, people would ask for more and it would be a lot of extra work for us. Also, most Bookmakers don´t accept arbitrage bets, so we would need a special way to show them without revealing our accounts IDs, we might include them at a private area of our forum in the future, but unfortunately it can´t be done at the moment. I’m sure our investors will understand it, actions speak a lot louder than words in the HYIP industry and I think we are doing a great job so far!

12. Can you tell us a bit more about arbs betting? How did you get involved and, in simple terms, how does it all work? Can you offer some practical examples of recent events you have made money from?

I’ve been placing bets in sports for over 5 years now. The concept of arbitraging relies on the difference of odds between different bookmakers for a certain sport match or event. There’s a numerical example in our page that makes it much clearer.

13. Is it really that simple? Don’t bookmakers monitor each other when spreading their own bets and prevent those situations? Are there many easy to find examples or does it involve a lot of time and research? Does the growing availability of internet gambling make it any easier?

They do monitor other bookmakers but not for every single event so it’s not easy to find these arbitraging opportunities but when we do, we can place really big bets, as we know we’ll make a profit out of it. We use excel sheets to compare different odds between bookmakers several times a day, as the odds can change and new events can be available. The internet certainly makes it a lot easier, I cannot imagine placing this kind of bet without it.

14. Tell us more about the general advertising and promotional strategies being used by PrimFix. In a very competitive market what are you doing to bring the program to a wider investment audience? What’s the “PTP” promotion about?

We bought advertising in many blogs, forums and monitors and we listed PrimFix in several local HYIP communities as that is something most HYIPs don’t do, these small communities have been very important to PrimFix. We even bought some lifetime advertisement in a few websites. We have just launched a Google Adwords campaign for PrimFix too. The PTP promotion is a system that pays our investors for each visitor they send to the site, we wanted to give them more than just the usual referral commissions for promoting us. Our next step in terms of advertising is to create splash pages to help our members promoting their referral links, a promotional video that was published last week is also another great tool We know the competition in this industry is a very serious thing but we are prepared for it and we’ll continue to make changes to make PrimFix different from everything this industry has ever seen.

15. Are there any plans to develop PrimFix further in the near future? Will there be any interesting changes made soon? How are you planning to keep the program competitive with so many other options open to investors?

Yes, we will launch our own Betting Platform in the next two weeks. Basically, members will have a chance to earn some extra bonuses when making a deposit. We will announce a certain match 24 hours before it starts and you members will be able to place bets using either their e-currency funds or their account balances. When placing a bet, they’ll need to pick plan A, B or C, like in normal deposits. If the bet wins, winners who chose plan A will earn 3% profit added to their account balances, winners who chose plan B will earn 4%, and plan C 5% plus your initial deposit, so they can withdraw their deposits AND bonus right away, it won’t be deposited to the chosen plan. If they lose, the amount of the bet will be deposited to the chosen plan.

We will keep PrimFix competitive by making constant developments to it, some members always contact us with suggestions and we are slowly putting them into action. Our goal is to make PrimFix the best HYIP on the internet and the only way to achieve it is with constant hard work and dedication!

16. And finally, is there anything you feel that wasn’t covered in this interview that you think the readers of MNO should be aware of? Was there anything in the review that you feel you would like to comment on?

I would to thank you for posting the review and let me everyone know that we are accepting suggestions to make our program better, we love when members get in touch with us, so if you have any ideas, please do not hesitate to contact us! I’m pretty sure MNO Blog readers will have a much better view of PrimFix after reading this interview.

Sometimes I think reviews here at MNO are posted too quickly after a program is launched, I believe that a review must be the result of a study on how the program works and treats their members for at least a few weeks. We decided to answer this interview only 50 days after our opening because we wanted to have numbers and developments to share with our investors and future investors, I know it’s not a very usual thing here but I would love to see a second review of PrimFix in a few months, or when you feel it’s the right time, we are here to stay and my goal with this interview was to make it clear. Other than that, you are doing a great job Paul, I’m sure your readers enjoy reading your blog just like I do.”

OK, there’s really not much I can add to that. Derek covered just about everything so all I can do now is thank him for his time and wish him good luck in keeping the program up, running, and successful for as long as possible. I hope you all found the information here some way useful in deciding one way or another about joining PrimFix, and best of luck to any existing and potential members reading this.

That’s about it for today, guys. Thanks for reading and I’ll see you all again tomorrow with all of the main news stories from the HYIP industry. See you then!