Nov 22nd, 2015 Archives

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

Hello everyone! Hope your weekend is going well so far no matter what you are getting up to. Continuing with the latest programs joining the MNO monitor recently, today I want to look in more detail at a slightly more complicated program called CryptoPay which you will have seen introduced on my blog a couple of days ago. It’s a bit less like a regular HYIP and resembles instead more closely a sort of rev-share or profit-sharing style program. At least the basic model of CryptoPay seems constructed that way, however in practical terms there isn’t any of the requirements to view ads or surf any extra websites one normally associates with such programs. With CryptoPay it’s just a straight-up case of invest and earn, simple as that. So let’s take a closer look at what’s being offered to investors here and see if you think you might find some room for CryptoPay in your portfolios.

The investment plan in CryptoPay doesn’t really follow the traditional HYIP model. It’s a bit more complicated than that, but not really too difficult to understand if you are prepared to take five or ten minutes at the very most to read through and think about it. In fact there have been several similar models in the past that were very close to CryptoPay and were quite popular. You see, the thing is the investment plan here is closer to what I would call a “target based” model, in other words there isn’t a fixed term, and no fixed interest payments either. It’s simply a matter of you staying a member for how ever long it takes you to earn a certain target. In this case it’s 150%. So you join CryptoPay with a deposit, they pay you back a different rate of interest every day, and they stop when you have earned back 150% of what ever it was you invested. We don’t know exactly for how many days this will take, given that as I said the rate will fluctuate from one day to the next, but there are certain parameters CryptoPay promise to stay within. This is just a simplified version of how things work of course, I’ll explain it in more detail below below.

When you join CryptoPay what you are doing is “purchasing ad packs”. These are priced at $5 each, and the minimum purchase is one. So in other words the minimum investment is $5 and you invest in multiples of five. So you can join with $5, $10, $15, $20, and so on. There is no actual fixed investment term, rather CryptoPay works to a certain target. You receive variable interest rates paid per calendar day until such a time as you have earned a total of 150% of you original deposit, principal included. What you withdraw from one day to the next will be different every time, but it should fall somewhere between a 1.25% minimum and a 3.25% maximum. I haven’t really been a member for long enough to tell you what a typical or average payment is, though that isn’t the point. Everyone, big and small investors alike, all get the same rate on the day and you receive it for how ever long it takes you to reach 150% in total.

Higher rates are paid during the business week, ie Monday to Friday, with a reduced rate being offered over the weekend. So for business days the rate should fall somewhere between 2.5% and 3.25%, while weekend payments drop back to somewhere between 1.25% and 2%. If, theoretically speaking, CryptoPay paid out the maximum amount every single day then you would reach your target in 52 days. If they only paid the minimum rate every day it would take 70 days. Either extreme is unlikely, and I suspect a more accurate completion date would be somewhere in the middle.

The rate of the day being paid to members will be displayed quite prominently on the CryptoPay website, however you do not get just one single payment of a fixed amount credited to you at a certain time of the day. One of the unique features of CryptoPay that I think a lot of you are going to like is that the money builds up in real time, by the second, on what looks like a little stop-watch in your members area. Let’s say then you have a $100 deposit and today’s interest rate is 3%, meaning $3 is the amount owed to you, right? But instead of just giving you the $3 into your account at a pre-arranged time, you can watch the money “clocking up” from $0.00 to $3.00 in tiny increments as the day progresses. You can then withdraw some now, and come back later to claim the rest as it still builds up.

OK, so far so good, I know it looks a bit different to most programs but so far we haven’t seen anything too complicated. Well, that’s about to change! You see, there are some fees involved and for want of a better word “discrepancies” between the amount you earn and the amount you ultimately receive. First of all CryptoPay operate a compulsory re-purchase rule at an 85:15 ratio. So for every $100 you earn, $85 is paid directly to you, while $15 must be re-invested. Think of this as a form of compounding, and remember you are not really “losing” this money – you will eventually get it back in some shape or form – it just goes back into your re-purchase balance for a manual re-investment and you will earn more interest from it. I know a lot of you might be in two minds about such a rule. On one hand I know a lot of you happen to like compounding anyway so shouldn’t object too strongly, but on the other I imagine even if you wanted to compound you prefer to do it on your own terms. Ultimately though I think it benefits CryptoPay‘s members as it will reduce the effect of hit-and-runners and keep the program more profitable for more people for a longer period of time. Please remember – and this is very important – the reinvestment is NOT made automatically. You must do this yourself, and if you don’t your money will just sit there doing nothing (ie earning nothing!) until you make the re-purchase from your CryptoPay wallet yourself.

The other thing you will need to be aware of is that the CryptoPay admin is passing the administrative charges and fees along to members directly. So after the initial 15% compulsory re-purchase has been returned to your wallet, a non-refundable 5% fee is then taken from the net amount to cover the admin’s own expenses in running the website, paying the processing fees, etc. So let’s say then you have $10 owed to you in your CryptoPay account that you try to withdraw. First of all $1.50 (15%) is removed from this, but is returned to your wallet so you do in fact keep that money anyway. You are now left with $8.50 to receive. A further 5% charge is deducted from this amount to cover administration expenses (in this example that’s $0.425¢) which means the net amount you may convert into cash is $8.075. Obviously that’s really $8.07, the $0.005 just stays in your wallet and is added to future investments.

The list of payment options is one of the stronger features to CryptoPay, mostly down to the fact that SolidTrustPay are included right from the very beginning. This is something which by itself gives a lot more credibility to any program and will help to attract some of the bigger spending more serious players due to a certain degree of security and protection being offered by them. At least in comparison to most other payment processors anyway, but if for whatever reason verifiable payment processors don’t suit your needs then CryptoPay are also using PerfectMoney, Payeer, and BitCoin. The good news is that at the moment payments to SolidTrustPay and PerfectMoney are instant, but payments to Payeer and BitCoin are not. If you are requesting money to STP or PM then you will still need to make the withdrawal from inside your CryptoPay members area as usual, and can expect it in under a minute. For Payeer and BitCoin (until further notice at least) a bit more patience will be required, with CryptoPay‘s stated terms&conditions calling for anything up to 48 hours for these to be completed. Actually they are done a lot more promptly than that, but do expect a longer wait over the weekend as they won’t be handled on Sundays. All this should change very soon though as the admin tells me he hopes to have instant payments available for all processors in the coming weeks. Keep an eye on MNO and I’ll make sure you here about it here first when it happens. For security reasons instant payouts will only apply to amounts of $200 or less. Anything bigger needs to be handled manually. By the way, at the time of writing CryptoPay do have a minimum withdrawal policy. Currently it’s set at $2, which is a vast improvement on the original $5 and will make the program a lot more accessible to average and smaller investors, surely the life blood of any program.

So as you can see there are various factors in there not immediately obvious to the casual visitor landing on CryptoPay‘s website for the first time, but it’s only a simple matter of doing your homework, making a few basic calculations, and figuring out exactly what you can realistically expect from an investment with them. Because of the variable interest rates it was always going to be impossible to pinpoint the exact day you might reach the full 150% target anyway, but do remember to keep all these extra factors in mind when you decide how much you really want to spend on CryptoPay.

You might be wondering then just how do you make a deposit and then how do you get paid? The first thing to remember is that just putting money into CryptoPay does not make it an active investment. Your deposit only goes into your online wallet in the program. Then it’s from there, your wallet, that you have to purchase the desired number of ad packs. That’s when you start earning a profit, so be sure to remember that because otherwise your money will just sit there in your wallet doing nothing. In your account area across the top of the page you will see a tab labeled “add funds”. Click this to make a deposit. Next click the tab marked “make deposit”. This is how you move the money you just deposited from your wallet into an active profit making investment.

Likewise when you make a withdrawal, click the button marked “withdraw money” across the top of the page. The interest payment again only goes back to your wallet balance first, where you will then see the requested amount divided into different columns – the 85% which you can proceed with withdrawing and the 15% listed under the category of repurchase. It’s from there you need to withdraw the bigger share to your payment processor and spend the rest on more ad packs. Make sure to enter all your payment processor account details carefully and correctly in your CryptoPay members area to ensure you get what you are owed by the way. You’d be surprised at the number of people who get confused by this simplest and most obvious requirements, and make the mistake of thinking the program is somehow naturally supposed to know where to pay you.

Looking at the more technical side of the program in more detail and the CryptoPay website now, it’s quite well organized and everything is up to a high quality standard. The website is running off a licensed script from 2GoSoft which wouldn’t normally be associated with regular HYIPs. That doesn’t mean it isn’t popular or anything, it’s just more commonly used by the likes of profit-sharing/rev-share programs. Nevertheless the website is still easy enough to navigate once you know what it is you want to do. Just one of the features of this script you will need to be strongly aware of is the requirement to add all your e-currency accounts manually in order for your withdrawals to be processed instantly. So don’t forget! Hosting is provided by CloudFlare who are keeping CryptoPay on a dedicated server with their support and protection, and you will also find an SSL encryption certificate to allow a secure connection for safer browsing and more secure transactions. Another security feature you will need to complete is the “secret question and answer”. It’s just a case of setting a question and answer that only you know the answer to. This question will then be repeated to you again before every transaction or to make any changes to your account. So make sure to remember the answer and of course make sure to spell it correctly!

For any further questions for the admin or account related issues you might need help on then the very first thing you should try is the CryptoPay Live Chat. It’s not a 24 hour service, but when you do find an operator there you might be able to get your questions dealt with in real time. If you don’t find a CryptoPay operator online then you can either write directly to the admin at the listed e-mail address, or else fill in your details on the online customer support form and submit it through the contacts page on the website. Fans of social media sites will be able to find CryptoPay on Facebook as well if you want.

To conclude then I can only remind you that while CryptoPay may not look like a traditional online HYIP at first glance – it is still very much the operating premise. You invest a sum of money, you hope to withdraw a bigger sum. This will continue as long as other investors continue to follow older ones into the program and allow for a sufficient cash flow. If you are interested in what the alleged business activities CryptoPay‘s administration claims are backing up the payments to members by the way, the say it’s BitCoin mining. Nothing you can independently research and verify for yourself of course, and even if it was genuine there is still no guarantee that this ever has to be even close to profitable. So as with any other program you find online, follow the same simple rules to improve your safety. Don’t look for guarantees where they simply cannot exist, keep your expectations realistic, set yourself a responsible spending limit you can comfortably afford to lose, and if you do join CryptoPay then try to keep them as a smaller part of a wider more diverse portfolio.



AdvanceFinance has been online for less than a week, but I already see quite a significant interest towards it from my readers. The admin of the program was seemingly excited to see his program listed and then reviewed on MNO as he issued a newsletter containing the link to the MNO review as soon as it was published on Friday. The link is given in the newsletter I’m re-posting below and you can also click here to read it:

AdvanceFinance review published by Money-News-Online (MNO)
We are pleased to announce that we have been added to Money News Online, which as many of you know, is one of the most popular and influential sites in the industry. AdvanceFinance was recently reviewed by Paul from Money-News-Online. Having read this review, you will be able to get acquainted much closer with us!
We are looking forward to a long and mutually prosperous relationship.
Enjoy highly efficient investing with AdvanceFinance!
Thank you and best wishes.
AdvanceFinance Business, LTD.
AdvanceFinance Team.

If you don’t have time to check out the review, let me remind you that AdvanceFinance accepts four popular payment processors – Payza, PerfectMoney, Payeer, and BitCoin. Investments start from $10 and depending on the size of your principal you should expect to earn from 5% to 5.5% daily over the period of 30 calendar days until expiry. This will give you 50% to 65% net profit in exactly a month’s time, so I believe the offer is quite appealing. Anyway, it’s entirely up to you whether or not you find AdvanceFinance worth your attention, but I hope that the program will become a success and last for long enough to bring profits to the majority of my readers. We’ll wait and see if that happens!


Unfortunately, CryptoSynergy proved a disappointment for investors as the program seems to have folded without even completing its first investment cycle and leaving the majority of investors at a loss. The first issues were reported to me by readers last night and were taken seriously, as only withdrawals to PerfectMoney, Payeer, and BitCoin had been affected while Payza withdrawals were still processed instantly. Well, when such situations arise it always signals that there’s something wrong with the program, and after checking a couple of my reader’s accounts in CryptoSynergy I was able to confirm the problem. I then immediately contacted the admin of the program and moved CryptoSynergy to Waiting status on MNO (it’s already on Problem now), but alas – there was no reply and it looks like as if only withdrawals to Payza are continuing. That further confirms my theory of the relatively safety of using Payza compared to other e-currencies (as the admins cannot usually withdraw the funds and you can expect to be paid for longer even after a confirmed scam). Although in the case of CryptoSynergy Payza were added only about ten days ago, so it was impossible to profit from it after such a short time getting 5% to 8% daily interest. The overall lifetime of 23 days also didn’t give a chance to profit from CryptoSynergy to more than a handful. All in all, the program was a total let-down for most, especially considering the investment plans and the general layout of the program along with instantly processed payouts seems to have contributed to its growth, as CryptoSynergy was relatively popular. Well, at the time of writing I can safely say CryptoSynergy is finished, so please do not invest there anymore!


Here is the list of the programs from my monitor that paid me for the last 36 hours:
From MNO Sticky listGrandRialtoLimited.
From MNO Premium list: CryptofAtrexTradeHaloInveCoinInvest, AdvanceFinance, CryptoPay.
From MNO Standard list: –
From MNO Basic list: CartoonInvest.

That’s all the news from the HYIP industry for this Sunday, but I’ll have more to report tomorrow, so stay tuned for that and check out the MNO blog then. I also intend to take a more detailed look at quite a new program that was only listed on MNO for a couple of days – Spectrum5. If you wish to see if that program ticks any of the boxes to become a part of your investment portfolio then check out the MNO blog tomorrow. And if you don’t want to miss anything important please bookmark my site in your browser or alternatively subscribe to the MNO daily news by simply entering and confirming your email address in the box on the top right corner of my blog. And keep voting in the latest poll on the MNO TalkBack on copy-cat programs and investors attitudes towards them – make yourself heard! Enjoy the rest of your weekend and see you all back on Monday!

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