24/01/2017. PassiveLoan Review and Daily News from the HYIP Industry

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

Hi everyone! I’m pleased to say the new business week is continuing at the same fast pace that’s been set on my monitor since the start of the year. For the most part I’ve been pleased with the performance of the majority of the new programs listed on MNO so far this year, though in some ways the one I’m discussing today, PassiveLoan, is one I’m very pleased about. The reason being that in the initial stages anyway the admin has selected MNO as the exclusive monitor covering. It’s a good way to maintain gradual growth as the admin keeps the promotion of the program under careful management, and also a good way to save money and allow him to pay his investors for a lot longer, with most of the cheaper monitors abandoning the idea of any fees and just going ahead and adding PassiveLoan for free (ref links don’t require any actual deposit you see). We have plenty of other news to catch up on today as well of course, and if PassiveLoan isn’t for you then keep reading because I’ll be introducing another new program that might become popular with readers in the second half of today’s post. But first let’s see what PassiveLoan is all about and if you think you can make room for them in your portfolios.

What you have in PassiveLoan is what at first glance looks like a choice between two different investment plans. OK, strictly speaking this is true, but one of them is really more of for short term testing purposes and not really sufficiently profitable to recommend properly.

The main focus of the program then is a plan that runs for 30 calendar days. You can join this for a $25 minimum, and in exchange PassiveLoan are offering a daily interest payment of 5.2%. Your principal is being counted as part of these payments and so will not be returned on expiry in a separate payment. That allows you to accumulate 156% in total payments by the end of the term, or 100% of your own money plus 56% in net profits paid by PassiveLoan. Please note however that this may not be entirely the most accurate picture. PassiveLoan try to recover their operating costs, payment processor fees, etc. by passing them on to the investors. That involves a 5% “management fee” being applied to withdrawals, meaning the 56% figure for net profit is going to be slightly less than 50% in reality. That’s still a very healthy and respectable return for a 30 day term of course.

Let’s see what that would look like in practical monetary terms then, and say you were to invest $100 with PassiveLoan. You would receive an interest re-payment of $5.20 per day until eventually adding up to $156 by the end of the term. As the first hundred dollars was your to begin with, that’s $56 for you to pocket as net profit. Once you remove the 5% withdrawal fee charged by PassiveLoan then your payments really come to $148.20, or 48.2% net profit. A more important statistic however is the break even point, when your interest payments add up to an amount equivalent to your initial investment meaning you can’t possibly lose money no matter what happens next. Taking the 5% withdrawal fee into account this comes after 21 of your 30 expected payments.

This is the default plan for anyone joining the program, but if you would prefer something else then PassiveLoan make a second plan available to you by clicking the “switch to Trial Plan” button under the “Plan Switcher” headline. This still requires that your minimum deposit be $25, but allows you to shift to something that will make a smaller profit but faster. The term is reduced to just 5 calendar days, but there is just one single interest payment made on expiry. This is 107% which includes your principal, or 7% net profit. The “problem” here for want of a better word is that PassiveLoan are still (at the time of writing anyway) imposing the 5% withdrawal fee, so once you take that out of your earnings, and remember you are still going to be charged your own fees by your payment processor, it’s hardly worth your while even bothering. Certainly I wouldn’t risk my own money for the net return anyway. If you do decide to push ahead with the test plan anyway a $250 maximum is imposed.

That reminds me, getting back to PassiveLoan‘s main investment plan there is a theoretical maximum limit of $100,000 placed on deposits. The reality is that the admin has much tighter control over this, and really big deposits are not allowed at the moment. He is however gradually expanding this as the program’s cash flow begins to build up and more investors start getting involved. I think this makes a lot of sense personally and shows a more responsible professional is in charge here. I know a lot of you might be tempted to jump right in at the beginning with a serious amount of money, but in the long term this way is better as it allows for improved management of the funds, keeps a lid on overheating too early in the game, and limits the damage that any hit-and-runners could inflict.

Before we move on I think I should just say a few quick words about the whole process of investing in PassiveLoan because it might not look quite so simple as most other programs. Actually it is quite straight forward, just worded and organized differently. Because PassiveLoan position themselves as a “lending company”, making a deposit comes under the heading of “start lending” which you will see in your members area. That’s the button you need to click in order to open up a list of accepted payment processors. Select your preferred method and the amount you wish to spend, then click the “confirm loan” button on the next page to be redirected to your account and make the investment.

Likewise with the withdrawal button, this opens up a list of payment processors, how much (if anything) you are owed to each of them, whether or not you have sufficient funds to make a minimum withdrawal, any pending withdrawal requests, and accumulated earnings. Once you select the right processor and enter the amount you are requesting, you will have to confirm the transaction by entering a PIN number. This is a personal identity number that you yourself will have to set up when you are joining PassiveLoan, so remember to keep it written down and stored in a safe offline place. Without it you won’t be able to proceed with the withdrawal.

So, if you like any of the investment plans enough to sign up and deposit in, the next item we should discuss is what are PassiveLoan‘s payment options. Actually this was one of the very first things I noticed about the program when the admin came to MNO for monitoring, as this is the first new program for some time now to accept Payza. No easy task in the first place, they have quite a difficult vetting process which puts all but the most determined HYIP admins off even trying to verify an account. Without trying to single out just this one processor, it has to be said the presence of Payza does a lot to boost the confidence of bigger spending investors given the likelihood (as has been proven so many times in the past) that they will get paid longer than everyone else if using this method. If for what ever reason however Payza is not a suitable option for you then PassiveLoan are also using PerfectMoney and Payeer as regular payment handlers, or Bitcoin if you want to deposit directly into the program with a more modern digital e-currency. The list is completed by Bank Wires, which you should contact the PassiveLoan admin about if you require further details on that.

One thing about PassiveLoan that might cause a degree of confusion among some investors (the first time anyway) is the payment schedule. There’s nothing all that complicated, you just need to be aware that the rules are a little different here from most programs you might be familiar with. As described above, the PassiveLoan investment plans are measured in calendar days, and indeed you earn money on calendar days too, i.e. seven days per week. Payouts however will only be handled on business days. You still earn interest on Saturdays and Sundays, and you are more than welcome to submit a withdrawal request on those days if you like. Just don’t expect any action to be taken by the PassiveLoan admin until Monday if you do. As well as being processed on business days, payouts will also be processed during business hours GMT, so compare that to what ever time zone you are living in and plan accordingly. Smaller investors take note that PassiveLoan have a minimum withdrawal limit of $2.50, so if you don’t have that much to withdraw then you are going to have to let your earnings accumulate first. Also please note that there is NO absolute commitment to process your payout request within a fixed time frame (e.g. 24 hours like most other programs). According to the admin’s own instructions “usually it takes several hours but there is no limit on how long it may take.”

Looking into some of the more technical side of the PassiveLoan website, I can see it runs off a totally original script but it must be said is strongly reminiscent of some very successful programs from the past. It’s quite easy to navigate but still looks different enough from most of what investors are familiar with, enough so that it will go a long way towards attracting people who value originality anyway. The level of security on the PassiveLoan website is superb, with hosting and protection against malicious attacks provided jointly by two of the biggest names in the industry in BlockDos and CloudFlare, and hosted on a dedicated server. For an extra layer of security PassiveLoan also features a superior Green Bar Extended Validation SSL certificate from Comodo for safer browsing and more secure transactions. While still in such a relatively early stage of development of course, and considering it’s running off a fully customized script, it’s entirely possible we might see some positive changes and improvements once PassiveLoan gets off the ground and establishes its name in the weeks and months to come. That is after all one of the main advantages to having your own script, not being dependent on third party technicians. One extra enhanced security feature is the virtual on screen keyboard which allows you to type in your password and withdrawal PIN without hitting the buttons on keyboard, thus avoiding any possible spyware or trackers that might be affecting your system without your knowledge. Also, the PassiveLoan domain name has been registered for three years in advance.

If you have any further need of contacting the PassiveLoan admin with any other questions you think might not have been answered in this review or any account related issues you need to have dealt with, then PassiveLoan support can be reached by filling in your details on the online customer support form and submitting through the website’s contacts page. Already announced in the pipeline is a regional representatives scheme, where regular PassiveLoan investors can act as support and promotion agents in their own local areas and languages for an improved referral commission rate. At the time of writing this is only just getting started (PassiveLoan still being a brand new program after all) so contact the admin if this is of any interest to you.

In case anyone is interested in what kind of business activities the program is claiming to be involved with to support payments to members, as the name suggests, PassiveLoan deals with so-called “lenders” rather that simply investors and “loans” rather than deposits. Regular HYIP players know very well to ignore this of course, no evidence is provided and it wouldn’t guarantee profitability anyway, it’s just worth repeating every time for the newbies. So don’t treat PassiveLoan as a serious opportunity to earn a living or anything, just a chance to make a couple of extra bucks while the going is good if you are lucky. Keep your expectations realistic, stay well under a spending limit you can comfortably afford to lose and recoup from other sources, and if joining PassiveLoan at all then try and keep them as a smaller part of a wider more diverse portfolio. For the moment, at the time of writing anyway though this may change soon, MNO remains the only official monitor covering PassiveLoan. Fingers crossed then that the limited exposure and gradual development and expansion will help the program last longer and bring more profits to my readers. It’s a complete gamble of course, but that’s what we hope for.

If you’ve taken the time to think about PassiveLoan, either made a firm decision one way or another or are still sitting on the fence about it, I hope you’ll find a moment to vote in the following poll. I’m interested in hearing how MNO readers see the program and how you rate your chances of seeing a profit from it. As usual the results will really be of most interest only in the coming weeks and months as we see the fate of PassiveLoan (good or bad) and how investors managed to judge it from the start. What’s your gut instinct about it, and are you generally a good judge of these things? Remember that voting takes literally just a second, and all votes are 100% anonymous and untraceable. So, please answer the following:

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DAILY NEWS FROM THE HYIP INDUSTRY

SUMWEX INTRODUCTION

The newest program added to the MNO Premium List last night is called SumWex. While it has been running for a month now I cannot say that I heard of it before, so the admin’s plan was definitely to start in a low-key mode during the usually slow winter holidays and begin a massive advertising campaign once the HYIP industry is back to normal. So he’s started this by being listed at MNO closer to the end of perhaps the best January in the the industry since the LibertyReserve crisis back in 2013. SumWex is a pretty easy to understand program with three straightforward and uncomplicated investment plans – 8% for 19 days, 12% for 10 days, 110% after 5 days. All of them are counted in calendar days and are available for an affordable minimum of $10 (or 0.01 BTC) via PerfectMoney, Payeer, BitCoin, and AdvCash – a pretty standard choice of payment processors these days. And the cherry on the top is very fast payouts, and though the admin asks you to wait for 24 to 48 hours for them to be processed, all of mine have so far been done within five minutes maximum, so not quite instant but as close to it as makes no difference. As you can see, the investment plans are short- and medium-term and will be popular with investors. SumWex also impresses with its user-friendly layout and excellent graphics, powered by a custom-made yet easy-to-navigate script. From the technical point of view there can be seen no drawbacks either, as the site is SSL-secured by Comodo and is hosted on a dedicated server with powerful DDoS-protection provided by DDoSGuard. The only thing some investors might not find attractive about SumWex is that it’s been online for a few weeks now meaning that the first investors have all profited, even multiple times in some cases. Anyway, time will tell how successful SumWex can be the next couple of weeks, as there is certainly room for growth and a strong demand for what they are offering. A more detailed review of SumWex will be posted by the end of the week, but for now I’ll leave you with the announcement of its official launch from the news section of the SumWex website:

“WELCOME TO SUMWEX – YOUR BETTER WAY TO MAKE MONEY
We have been preparing our website for many months and now we are ready to introduce our online investment platform SumWex. As far as possible, we have set out to ensure that our website is compatible with open web standards. We therefore recommend that you access this website using modern web browsers like Chrome, Firefox, and Safari. This website is also optimised for modern mobile devices so that you may reach it on the move.
SumWex main goal is to achieve the highest profits possible from activity on the foreign currency exchange (Forex), Stock Market and Cryptocurrency exchange markets. So we have one of the most interesting investment opportunity in the web. We are glad to welcome every visit to become a part of something interesting, don’t miss it out. We accept members from all over the world. Thank you again for visiting our website, and we hope you enjoy using it.”

RAZZLETON – MINIMUM WITHDRAWAL INCREASED AND BENGALI LANGUAGE ADDED

Razzleton is gradually becoming a worldwide phenomena now. The program has surpassed thirteen months online in total, from which it has been present on MNO for the last two and a half months, most of the time since the site was totally redrawn and refurbished into its current form. Razzleton is still a very popular choice among my readers and occupies a respectable #3 position from 21 listed programs (read the full article on Top Five Popular Programs on MNO here). By joining Razzleton you have a great variety of investment plans to choose from. Some pay on calendar days and will return the initial investment on expiry – 2.1% for 15 days, 2.3% for 30 days, 2.9% for 55 days, while others are more risky by promising a once-off payment on expiry – 150% after 15 business days, 500% after 20 business days, 300% after 30 business days, 1500% after 40 business days, 1000% after 60 business days, 5000% after 90 business days. Razzleton works with multiple payment processors like PerfectMoney, Payeer, BitCoin, AdvCash, Neteller, Qiwi, YandexMoney, and NixMoney, with some plans starting from just a $10 minimum. Whatever plan you choose remember that in terms of a payout schedule and perhaps due to an extremely large membership Razzleton can take time to pay you, sometimes even up to 48 hours to see the payment sent to your e-currency account. For greater efficiency here I think, it’s now been decided to increase withdrawal minimum to $1. This is a sensible step in the right direction which will allow Razzleton (reviewed here) to optimize their time and in the long run all the members should win from that, as it will eventually help the program pay you faster, by eliminating a time-consuming process of sending out a couple of cents each time. More is included in the update below followed by the announcement about the addition of yet another professionally translated version (not the last one for sure!) which is Bengali:

“Minimum withdrawal sum increased
We are glad to inform you that the popularity of the Razzleton platform is growing rapidly. However, among consequences of the increased interest of users is also high traffic on the site. In order to optimize the work of the platform, it has been decided to increase the minimum sum of withdrawal to 1$.
The number of daily requests for withdrawal has risen dramatically, which led to considerable growth of the duration of processing. Increasing the minimum withdrawal sum will enable us to reduce the time required to process your requests and pay your money most quickly.
Razzleton – everything for the convenience of our investors and partners!”

“Bengali language bar!
Bengali today is among the ten most popular languages and it takes the 4th place in the world by the number of speakers. According to recent statistics, it is native for 250 million people. That is why Razzleton HealthCare Limited made a decision to further extend the language bar of the platform.
Now all the news and relevant information about our company are available in one of the following languages: -English; -Russian; -German; -French; -Spanish; -Polish; -Portuguese; -Vietnamese; -Chinese; -Italian; -Hindi; -Bengali.
We are constantly working to upgrade Razzleton platform for cooperation with us even more enjoyable for you.
Browse our news feed – new improvements and surprises await you!”

RIGHTRISE – KOREAN LANGUAGE ADDED

RightRise (reviewed here) is also following in the same footsteps by adding more and more different language versions on an almost weekly basis. It’s almost a tradition by now that the announces a new one every Tuesday. Today was no exception as RightRise introduced Korean as the fourteenth (!) language the site is now available in. this joins English, Russian, Japanese, Vietnamese, German, Chinese, Spanish, French, Portuguese, Italian, Indonesian, Czech, and Thai. Here’s what the admin had to say in today’s update:

“Internationalization
All have become accustomed to that we are adding a new localization every Tuesday. It is already even not clear if there is any sense to write that we are adding a new translation. But anyway it’s always the mystery what language will be added. Eastern countries continues to beat all records, and today we want to please the people of South Korea.
Sincerely, RightRise team.”

Overall, RightRise has been one of the most successful programs listed on MNO so far firmly holding the second position behind the undisputed leader Zinc7 (reviewed here). Over three months online and stable payments to the perpetual 1% to 3% daily plan which members earn on shares priced at $30 each speaks volumes about RightRise‘s quality and the experience shown by the admin. His hard work has certainly paid off with RightRise becoming an exemplary program in the HYIP industry. Instant payouts and a huge variety of payment methods that include PerfectMoney, Payeer, BitCoin, LiteCoin, DogeCoin, BTC-E, AdvCash, YandexMoney, and NixMoney have kept it ahead of the competition which has becoming tougher this January every day. Whatever happens next to RightRise its example has already proved that perpetual style programs can still rule the industry and set new trends among investors. Kudos to the admin for doing a good job so far and constantly adding new features to keep RightRise on top!

LENSENGROUP – INDONESIAN LANGUAGE ADDED

While the list of languages LensenGroup is available in is not as impressive as some other programs, the admin is still doing well to increase the program’s presence in various local markets. The last one is the Indonesian which was added yesterday becoming LensenGroup‘s eighth language you can easily switch between by clicking the flag icon at the right top corner of your screen. This joins English, Russian, Spanish, Vietnamese, Chinese, Italian, and Japanese and as announced below:

“INDONESIAN LANGUAGE ADDED!
Hello, Investors,
We have added Indonesian language. We will continue to add other languages.
We hope you will enjoy our work!
Best regards, LensenGroup Team”.

LensenGroup has only been on MNO for two weeks, but has been online since November 2016 gradually developing and performing quite well by paying quickly on three available investment plans – 4.5% for 30 business days, 105% after 10 days, 25% for 6 weeks – which are available from $10 to $50 minimum via PerfectMoney, Payeer, AdvCash, or BitCoin. More information on LensenGroup can be found in the detailed review posted here.

PALMILLS – NEW INVESTMENT PLAN ADDED

Are you always suspicious when a program adds new investment plans after weeks of success with just one? A popular expression telling us not to fix anything that ain’t broken will always spring to some people’s minds. This can’t really be applied to every single program though, as I don’t think the new investment plan introduced by Palmills yesterday is bad at all. Let’s have a closer look first.

As Palmills is reaching the point when the very first investors who joined the original 3.5% for 60 business days plan are going to finish it soon with an incredible 110% net profit, they should really offer something new in order to the same investors interested, and perhaps reach out to others who prefer smaller profits, but a faster term. So plan paying 6% for 20 business days has now been introduced. Is it a warning sign? I doubt it, and this is why I think so. The new shorter investment plan is available for the same $10 minimum and is accepted from the same payment gateways Palmills has been working with for over two months now – PerfectMoney, Payeer, BitCoin, and AdvCash. The much faster profit zone of four weeks won’t be beneficial for investors who want more profit, as it only offers 20% net profit in four weeks (principal included) compared to a much higher 110% profit in twelve weeks from the original plan. Therefore, the new investment plan from Palmills is perhaps based on the admin’s intention to attract a different category of investor from the medium-term ones at the moment, rather than trying to scam with a too-good-to-resist offer that we have seen so many times before. Anyway, it’s totally up to you. The plan was announced in Palmills‘ news section on the website and you can read the original review of the program here:

“New features of Palmills: 6% Daily For 20 Days!
Palmills does not stand still, we’re trying to be as flexible as possible and to offer our customers the best and most suitable investment conditions. This is beyond any doubt that we are proponents of using the maximum diversification in our work, so we would like to provide such an opportunity to our investors as well. That’s why we have decided to add another investment plan which is characterized by an increased daily return up to 6% and a shorter investment period – just 20 business days. We left the rest of conditions (the minimum and maximum deposit requirements) the same, which means that you can earn faster and more. Thanks to good financial planning we will be adding new features on the Palmills investment platform, – we want to become your reliable friend and will make every effort to do so.”

PAYZA – HOW TO ADD PAYZA FUNDS IN BANGLADESH AND REDUCE CHARGEBACKS FOR MERCHANTS

I was pleased to see that after Payza were dropped by Zinc7 we now have PassiveLoan which I just reviewed above using them. Joining BandeiraCorp, PassiveLoan has become the second of the twenty-one monitored programs working with Payza, while I know for sure that demand from my readers for such programs is higher. The proof is in the increased referral commissions to Payza I received from my downline in PassiveLoan. I hope HYIP admins will also realise the potential of working with possibly the only viable option available for US based HYIP investors and will make the effort to include them. Being a very convenient tool for investors and avoid huge fees to third-party exchangers and deal with a processor where they can fund and withdraw directly to their Bank account, credit card, pre-paid card, or even BitCoin address, Payza is also serving other industries. It’s getting more popular now in the fast growing developing countries like Bangladesh where there are some peculiarities in the process of adding funds to Payza there. That’s the subject of recent blog updates by Payza over the last week, also giving tips to merchants to reduce chargeback rates and boost their profits. You can read the latest two Payza blog posts below:

“Takas or Foreign Currency: Adding Funds to Payza in Bangladesh
As a Payza member in Bangladesh, you have Add Funds options to help you fund your Payza account. From bank wires to mobile money transfers using bKash, Payza’s options let you add funds in either Takas (BDT) or a foreign currency.
Because of regulations from the central Bank of Bangladesh that impose strict currency controls, it is often not possible to convert funds added in Takas into a foreign currency, or to convert foreign currencies into Takas. That means it is important to be sure you are adding funds in the right currency to your Payza account to meet your needs.
This table shows you which methods can be used to Add Funds to your Payza account in Takas and which methods can be used to add foreign currency funds to your account:
Even though you won’t be able to convert your Takas into another currency, you can use these funds to shop online at many e-commerce merchants in Bangladesh. Our partnership with SSLCommerz means there will soon be hundreds of merchants in Bangladesh who will accept Payza payments in Takas.
Adding funds in Takas
To add Takas to your Payza account, you can use either the Add Funds by bKash option, or the Add Funds by Bank Transfer Option.
Follow these steps to Add Funds by bKash:
1) In your Payza account, click “Add Funds” in the top menu.
2) Select “bKash”.
3) Follow the instructions to send money from your bKash account to Payza.
4) When you receive your confirmation code or bKash Transaction ID, enter that information and click “Create Transaction”.
5) Review the transaction details and confirm the deposit.
To add Takas by bank transfer, you must first add and validate your bank account. This blog post has more information to help you connect your Bangladeshi bank account to your Payza account: How to: Validate Your Bank Account with Micro-Deposits.
Over-the-counter Bank Transactions
An additional method to add funds in Takas to your Payza account is the Over-The-Counter Bank Transactions option. This option is currently unavailable but will return in the near future.”

“Reducing Chargebacks to Boost Profits
Chargebacks are a good thing. Small business owners will probably disagree, but the chargeback program is a form of consumer protection provided by card-issuing banks designed to hold businesses accountable for failure to deliver their products or services. They occur when a customer contacts their bank to dispute the legitimacy of a payment appearing on their credit card statement and the bank forcibly reverses the transaction, returning the funds to the consumer.
For the consumer, the chargeback program seems ideal. Of course, there is a dark side. The associated fees of a chargeback fluctuate depending on the industry, but can be as much as $100 USD per chargeback. This is a costly and significant burden to bear for entrepreneurs and small-to-medium sized enterprises (SMEs). Additionally, more than half of all chargebacks are associated with fraud, resulting in losses of up to $100 billion USD per year.
Chargebacks are a two-way street, however. Both parties are given the opportunity to present evidence to support their claim. The program is inherently biased toward the consumer – most chargebacks result in the transaction being reversed and the merchant being fined – but if you, as a business owner, believe you did nothing wrong and take cares to document the sales and fulfilment process, you can dispute the claim and prevent the chargeback.
The Costs and Causes
Globally, credit cards are still the most popular online payment method. Even if they are not the preference of your customer base, offering multiple payment methods, including credit cards, is a sure way to increase your conversion rate. If you accept credit card payments for your products or services, you can count on having to deal with the occasional chargeback.
It’s hard to predict a business’ chargeback rate. Some industries are hit harder than others: in the first three months of 2015, a whopping 24% of all digital goods purchased in the UK were hit by chargebacks, and both the Beauty and Diet & Nutrition product categories experienced chargeback rates above 12%. The typical chargeback rate, however, is much lower, below 0.5%.
The fines associated with chargebacks can amount to thousands of dollars per month on their own, but the real cost can actually be much higher than that. In addition to the fines, you also lose the revenue from the original transaction, and with it the money invested in making the sale, the price of merchandise and the shipping costs involved in getting the product to the customer. And if your chargeback rate exceeds 1%, you could be facing more fines from your payment provider and could even lose your ability to process credit card payments at all.
The best way to combat chargebacks is to understand them and to anticipate when they might arise. Once you have this information, you can take steps to correct the issue in time to prevent the chargeback from arising.
Here are the main causes of chargebacks:
– Technical: Due to a bank processing error, non-sufficient funds or an expired authentication, the transaction was not properly completed.
– Clerical: The cardholder was erroneously billed in duplicate, was billed the incorrect amount or was mistakenly never issued a refund.
– Non-receipt: The cardholder claims the product purchased was never received as promised.
– Fraud: The transaction was completed with stolen credit card information and processed without the legal cardholder’s knowledge.
– “Friendly” Fraud: The cardholder knowingly performed the transaction and the product was delivered as promised, yet they filed a chargeback dispute anyway.
For the first three causes, you can prevent chargebacks by being more diligent in your post-sales processes. Ensuring products are shipped on time is essential; same is true for timely refunding a customer before they have a chance to dispute double charges due to technical errors. If you fail to resolve these issues before your customer decides to take action, giving them a clear line of communication to your business and customer support team can also help you reduce chargebacks. Make sure your customers can come to you directly with their issues and they won’t need to file a chargeback through their card issuer.
For disputes arising from fraud, having the necessary fraud screening procedures in place can help keep this type of chargeback to a minimum. If your company is constantly dealing with chargebacks due to fraudulent transactions, that’s a sign that you must strengthen your fraud screening measures.
Friendly fraud, however, is no fault of your own. There are a number of reasons this could happen — perhaps the customer was confused by the transaction description or legitimately couldn’t recall making the transaction. Unfortunately, in most cases, friendly fraud is a deliberately dishonest tactic for consumers to receive goods without paying for them. In other words, it is theft.
Despite the fact that the burden of proof lies on the merchant, the good news is that according to Radial, 54% of challenges to chargebacks are won. So if you do have compelling supporting evidence suggesting that the chargeback is invalid, you should dispute it.
That being said, you should be selective of which disputes you challenge as it can be a lengthy process and can incur additional costs. Chargebacks are part of the cost of doing business in e-commerce. The goal then is not to completely eliminate your chargeback rate but rather to achieve a balance between chargebacks and sales, boosting your profits and keeping your losses to a minimum.
The best practice is always to treat the cause rather than the symptom. This can be done in two very simple ways:
1. Fraud Prevention – Enhance your fraud detection and controls. Enact a solid Know-Your-Customer policy. Participate in programs such as Verified by Visa and MasterCard SecureCode. Make sure that the customer’s shipping address matches the billing address on their card.
2. Communication – Always be available for your customers. Answer phone calls, reply to emails, monitor comments online and on social media. Be open and transparent when communicating product costs, specifications, conditions and shipping times. Resolve customer complaints quickly so they never have reason to resort to chargebacks.
Especially for entrepreneurs and SMEs running on slim profit margins, the importance of controlling your chargeback rate cannot be understated. While you shouldn’t accept every chargeback without a fight, you also don’t want to waste time and resources on disputing every single one of them either. And don’t forget that chargebacks directly correlate to sales volumes, so sometimes, an increase in chargebacks is just a sign of how successful your business has become!”

GET PAID REPORT FOR 24/01/2017

Here is the list of the programs from my monitor that paid me for the last 48 hours:
From MNO Sticky list: SoftMining.
From MNO Premium list: Zinc7, RightRise, Razzleton, Elizion, BandeiraCorp, AtomicBitcoin, Mexeer,
BeyondPetroleum, Xabo, SoftmeetBit, Weollee, DateBitcoin, Dowerly, LensenGroup, AutomatedEnergy, BitcoinWorld, SumWex (the first instant payments received).
From MNO Standard list: Palmills, PassiveLoan (the first payments received).
From MNO Basic list: –

That’s it for you tonight, guys. I’ll be back on Thursday with a full review of a new but already popular program called AutomatedEnergy plus any other important news stories. I do receive a lot of listing requests lately, but about two thirds are rejected due to their inability to pay the fees. This has been the a few years now, not because I’m greedy, but because I care about my readers first, and am not prepared to list all that rubbish you can find anyway on less selective monitors. And of course, as MNO is mostly a hobby and I’m currently on holidays in New Zealand, so I do not have time to waste on cheap scams. I might be back to publishing on a daily basis once I return home at the end of February, but for now I’ll stick to the current schedule. Of course, that never affects my ability to react to any issues my downlines report and I try my best to help you within 24 hours. I’m aware that the HYIP industry is fast-paced and am committed to providing the best service despite my busy schedule. You can always be sure you will find timely updates on my blog and monitor, so you will be in the loop too. You can reach me by filling in the contact form on this page or email me directly at abramsonp@gmail.com and I will be able to offer you my assistance or advice on any matter concerning HYIPs. It’s best though to check out my monitoring page frequently for more additions and status updates for any particular program, subscribe to the MNO Daily News delivered straight to your email address here, or to follow MNO on Facebook and Twitter (my Telegram News Channel will be added shortly too). Thanks for reading MNO in whatever method you choose, and you can still answer vote in the poll on the MNO TalkBack page, as it will be replaced in a couple of days. Stay tuned for more on MNO – the best and most up-to-date source of information on HYIPs in English!