November 2012 Archives

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Beware! Phinanci has stopped paying! Do not invest there! 

Hello all! Friday again so I hope you’re all looking forward to a nice weekend. I still have plenty to get through on MNO so I think I’m going to be posting twice again today. If you’re waiting on the day’s main news stories then don’t worry, they’ll all be covered at around the usual time later on, but first I have the following interview that I hope some of you will be interested in. The admin is called Chris and I think a lot of you may already be familiar with his program, Phinanci. If not then let me tell you that Phinanci is a mid term HYIP offering 120% after 20 days, or 3% for 50 days and they’ve been running with some success since late September. I’ll let the admin explain how it all works in his own words, but if you like what he has to say and are interested in any further information then you can start by reading the Phinanci review which was first published on MNO here.

1. Hi Chris, please introduce yourself to the readers of MNO and tell us please about your own involvement in Phinanci. What is your role in the day to day running of the program?

Thank you very much Paul for this opportunity and I would thank all readers of Money-News-Online who already joined Phinanci.

Most of the people know me as “Chris Phinanci” from the support department and the Facebook group. I am basically providing operational tasks such as customer support, payments and a part of the marketing for Phinanci.

The main admin is dealing with major marketing assignments (promotions, advertising deals, networking, product development and market segmentation), the value development of Phinanci (contributing additional features to the system) and with the lending deals to companies. We work very close on a daily basis.

2. Can you give us some background information on Phinanci? How long have you been online? I don’t usually ask about program’s names but must say I’m curious about where yours originates from. Can you tell us?

Phinanci just turned 1 month a few days ago.

We started in the late evening of the 26th of September 2012 and we got our first members on the 27th. We initiated a quiet start so that we were able to work out and eliminate possible problems, and not get swamped with tickets, like the confusion we had with the Add Funds button and depositing for instance. Some people added funds and couldn’t deposit because it was during the weekdays, so we decided to keep the depositing from cash balance opened for the first week.

Our name, Phinanci derives from Ph (F) inanci (Financy). It simply describes what we do – financing our customers’ needs.

3. Explain the investment plans in detail to us. What ROIs are on offer. What are the minimum and maximum amounts to invest? Also can you explain the TrackEgg feature on your website and tell us how it might be beneficial to members?

We have two plans, offering the same net profit but with differences in the principal rate of return.

The quicker return of your principal is in the ’20 Days Expiry’ plan. You get 120% total return payment after 20 days.

Your cash balance earnings will reflect after 20 days. The minimum amount is $10 USD to start in this plan. We set a maximum of $1000 USD per day to better maintain a steady cash flow. It means that if you have deposited $1000 USD, you will be able to deposit more after 00:00 o’clock PST (server time).

A slower return of your principal but an accumulated higher profit is found with the ’50 Days Daily’ plan. You receive a 150% total return distributed in daily payments of 3% for 50 days. It pays off on daily bases until the deposit expires and you will need a minimum of $50 USD to start. There is no maximum for this plan.

TrackEgg is a great website and offers vast variety of tools which Can be highly beneficial for investors from this arena. We are strong supporters of original ideas and initiative minds. You can use TrackEgg to track your Phinanci deposits and to create your own strategy. Strategy is in the core of creating success for yourself. Phinanci is a program that requires careful planning and good strategy. Tools like TrackEgg serve in the best interest of our investors to help them creating their own personal strategies for our site.

4. I was somewhat critical of your plans in my original review, specifically your first plan, and would like to know how you respond to the following:

a) First of all do you think you’re asking a bit much from investors to wait three weeks before ever seeing anything back on their deposit? Considering that it’s not even that big a return in the first place and that some shorter term HYIPs pay the same amount in maybe seven days or even less sometimes. Wouldn’t you get a lot more takers if you made a daily or even a weekly payout?

We offer “Sustainable Returns” as our banners read. Phinanci works as advertised. Many sustainable programs from the past that lasted many months to years were built on realistic plans. We have many members, also with big deposits, who diversify their money into the two plans proportionately.

b) When comparing the two plans, both of them generate the very same net profit per day of the term, which is 1%. Doesn’t that mean that pretty much everyone who can afford your $50 minimum to join the second plan is unlikely to take your first plan seriously at all?

Not at all. As I mentioned above, we have members who use both plans. The expiry plan is basically quicker, it gives your principal faster. If you need to use the money somewhere else, that’s the plan to go with.

5. What payment options are you currently accepting? Are payments to members instant? What is the required waiting time?

We are using 4 major payment processors –Liberty Reserve, Solid Trust Pay, Ego Pay and Perfect Money. We process payments manually in a matter of few hours. However, we give ourselves the buffer time of maximum 48 hours just in case of unforeseen circumstances like our site going offline or other technical issues. So far payments have been done several times a day and some members may have gotten confused and thought they were instant at times, cause they happened to request right at the time we were processing a batch.

6. How secure is the website of Phinanci? What are you doing to protect it and members’ accounts from hackers? Are you on a dedicated server? Who is your host? What kind of anti-DDoS protection do you have?

Phinanci is using highly secured encrypted script from PHPFlux. Our site is hosted with BlackLotus where they also provide advanced DDoS protection. Our site is fully SSL supported and all pages are encrypted with 256-bit encryption from Comodo.

7. What kind of script is Phinanci running off? Where did you get it, how safe is it, and why do you think this one is most beneficial for you as an admin and your members?

As mentioned in the previous question, we are powered by a licensed PHPFlux script which is a highly secured script. All sensitive member information is fully encrypted, thus makes the member account data safe. We haven’t had any issues whatsoever. The script offers advanced tools and tracking modules that serve the advanced needs of every admin. We obtained the script directly from the vendor –
This script offers a lot of advanced tools for the administrator. This is not a regular every day script on the market and we are pleased to have a professional outfit like this.

We would like to note that you can obtain this script only by contacting the vendor directly. We heard a rumor that someone is offering fake PHPFlux script.

8. Can we see any statistics regarding Phinanci? How many members have joined since the beginning and how many are active at the moment? Are you pleased with the support from the members so far? How important a role do they play in bringing in new members?

We are extremely satisfied with the current statistics. The growth has been healthy and showing a prosperous long-term trend.

Over 1 thousand people have joined Phinancy and approximately half of those have active deposits. We have already paid out more than $50,000 in earnings to our members and we see new members joining every minute. The most members join from links belonging to old time bloggers or are coming from the bigger forums where we advertise and people are active in our discussion topics.

9. How can members contact you if they have any questions or support related issues?

We have several contact options, either send a support ticket, write us an email or use our Facebook page and our Facebook group. We also keep members updated via Twitter.

10. What have been the most common questions and problems you’ve had to deal with so far? Is there anything you wish to say here so that members can avoid having to contact you later?

The most common question is concerning the 20 days expiry plan. This plan pays after 20 days, which means that a member would not see his/her earnings before the 20 day period has expired.

Another common question is about referring people from the same household. You can have 2 or more accounts under one household but we do not allow those accounts to be referred by each other. This rule may not be very family friendly, but there is a lot of abuse out there and we have to be aware of possible misuse of our referral system.

It is really important to read the FAQ and Terms.

You can register for a new account not related to any of your family members and deposit from it.

11. How have you been promoting Phinanci so far? What advertising strategy have you been using? How are you getting new members to join?

We are advertising on bigger forums and some of the most popular monitoring sites. We are increasing our advertising budget steadily and not exponentially. We are fund of the steady growth rather than the short-lived fast paced movement of a program. We are also using different promotional tactics to increase the awareness of our payments by creating small prize giveaways on the forums and our Facebook page.

We are also featured on many blogs of old timers. We have the audience of the old crowd as well as the new one. We are thankful for all the efforts they have put in building the base of our site.

12. What exactly are you doing with investors money? How are you investing it and how are you generating the profits being made to members?

We have a network which is offering lending services to start-up online companies. We also operate offline but in a lesser scale. We provide the necessary resources for them to build their website and start up their promotion.

Most of the online based companies need resources to create design, pay for the hosting, the scripting and then to promote their business. We are suppliers of such funds and we are obtaining them from the members of Phinanci through deposits. In return they receive a portion of the re-payments these companies make to us. We use only a portion of the money for lending and the rest is kept as a reserve to process payments fast.

13. And finally is there anything else you wish to say not covered in this interview? Also please feel free to comment on the review of your program published on MNO. If there was anything you felt was unfair, mistaken, or in any way in need of clarification then you are welcome to explain this in your own words here.

We are very proud of our liquid layout, it is easy to read and navigate. All containers are completely based on the viewport rather than the initial containing block. It moves in and out when you resize your browser window. As the user resizes the window, the page contents resizes along with it so that the page is constantly “filled.” We would like to thank our designer for doing a satisfying job.

Other than that, I just want to say thank you for this opportunity for us to answer some more direct questions. MNO is a good place to get more of an insight in a programs daily running via the interviews and also your updates and reviews.

Thanks a lot to Chris for taking the time and trouble to answer my questions and I hope you found it useful in deciding whether Phinanci is a suitable addition to your portfolios or not. Good luck to the admin and as always good luck to any investors taking a chance on the program. I sincerely hope it works it well for you. Anyway, that’s about it for the moment guys, but don’t go too far as I’ll be back a little later with the news as I said plus a closer look at another of the latest HYI programs to join my monitor. So stay tuned for that and see you all then!

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