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10/04/2017. Biksbit Review and Daily News from the HYIP Industry


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

Hi everyone! I hope you’re all keeping well after the weekend and looking forward to what ever opportunities this new business week has in store for us. I have a lot of news to catch up with today so it’s going to be a longer than usual post, but first I want to take a closer look at a new addition to the MNO monitor’s Premium List called Biksbit. If you think that’s a name you’ve heard somewhere before then there’s a reason for that. Biksbit as a website has been online for over a year. But if you’re wondering how they managed to survive for that long and still be paying it’s basically because before now it’s been a “sleeper”. Longer term readers and industry players will know what that means already of course, but for the benefit of anyone new to HYIPs let me just explain. This is when a program deliberately stays off the radar, creating an online record and history of being operational but without ever having more than a handful of investors to pay (and therefore prove) for everything to be above board. Then when the admin feels the time is right to really get things started, he brings it to mainstream monitors and advertising platforms as what appears to be a long running successful business. So in many ways you would really be better off looking at Biksbit as relatively new program, even if at first glance you might think it’s been around a lot longer than it actually has. So let’s see what it’s all about and whether you would like to have Biksbit in your portfolios or not.

If there’s one thing there’s no shortage of in Biksbit it’s investment plans. There’s lots of them, eight in total to be exact, though to be blunt a lot of them aren’t really that good. Not for investors anyway, they are not really workable in practical terms, and are unlikely to be achievable. But I’ll talk about all of them below anyway and you can decide what’s best for you. There are plans which pay you by the day, which are probably more advisable if you join the program, and plans which pay on expiry of a fixed length term which to be honest have a bit less going for them. Up to you guys to decide for yourselves at the end of the day of course, I’ll go through them all for you below.

So, the first option, called the Biksbit Pro Plan, can be joined for a $10 minimum. That at least that Biksbit affordable for all investors. It runs for 20 calendar days and offers a daily interest payment of 2.16%. This applies to all deposits up to a maximum limit of $800. Your principal is returned on expiry, so the total interest payments which add up to 43.2% make up your profit, as long as your principal actually does get returned that is. To put that into more practical monetary terms then, let’s say you invest $100 in this plan. Biksbit should then pay you back an amount of $2.16 per day. This comes to a conclusion 20 days later when your payments add up to $43.20, which is your total profit once the Biksbit admin returns your principal.

I’m not all that sure that the rest of Biksbit‘s investment plans will be quite so attractive, either because they or expensive to join or, when affordable, if what they offer is realistically achievable. But I’ll talk you through them anyway and you can decide for yourself. Plans continue with the Emerald Plan, where strangely the minimum deposit leaps to $2,000. I say strange because remember the first plan had such a conservative maximum limit of $500. Anyway, Biksbit offer a daily interest payment of 2.36% for a duration of 35 calendar days. This adds up to 82.6% in total which is just your net profit, the Biksbit admin returns your principal on expiry. Deposits in this plan may be as high as a $40,000 maximum.

Open to amounts between $1,000 and $50,000 Biksbit have the Sapphire Plan (again noting the inconsistency of the minimum entry level deposit). The term is running for 55 calendar days. The daily rate of interest is 2.8%, which comes to 154% in addition to your principal being returned.

This is where the program changes direction because the rest of Biksbit‘s investment plans pay once on expiry. It’s not that I would say none of them are achievable as such, but I doubt they will be popular anyway based simply on the fact that few experienced investors like to commit their money to long investment terms during which they don’t earn any money. If any of the following plans can make you a profit though, it’s likely to be this one. For a $1,000 investment made in the Ruby Plan Biksbit have a lock-in period of 20 business days. And please do take note, all on expiry plans are marked in business days now, not calendar days, so this plan is six weeks in length. On expiry, they offer one single payment of 300%, principal included. So that’s your own money back plus 200% net profit for joining. In monetary terms that means the minimum $1,000 investment should get you back $3,000 on expiry. Can that really be achieved? Well, it’s going to cost you a thousand bucks to find out, and I don’t see a lot of people having the patience to sit out a four week term just because they were curious. Biksbit have an upper limit of $50,000 on deposits here.

This is followed by the Diamond Plan running for 50 business days, or ten weeks in total. Biksbit accept deposits from $750 up to $40,000 and they offer a single payment of 700% on expiry. As most of you can probably understand, this is a vehicle for the admin to collect money, possibly for himself and possibly to fund repayments on other plans, but not where you are genuinely likely to receive what’s on offer.

This is even more true of the remaining investment plans. Your next option called the Imperial Plan is open to investments between a $500 minimum and an upper limit of $30,000. The term length is 80 business days (or sixteen weeks) and on expiry Biksbit offer a single payment of 1,600%, principal included.

For the next Grandidier Plan the term shortens to 10 business days (two weeks) but the minimum spend grows back up to $5,000. One single payment is offered on expiry, which is 700% with Biksbit including your principal as part of that. Maximum spending limit is capped at $50,000.

Finally you have the Red Diamond Plan that runs for 23 business days (four and a half weeks) but requires a minimum deposit of $2,500 to join. Biksbit offer one single payment on expiry of this term of 1,600%, and they have a maximum spending limit in place of $40,000 in total.

Aside from the interest payments on your own deposits, Biksbit have a couple of ways you can get paid. First up, all plans currently have an initial deposit bonus. The percentages vary but for example, the Biksbit Pro Plan which investors will have most interest in offers 3%. That means for a $100 deposit you start drawing interest in $103. Please note that this bonus offer is limited, both to the number of members and the time it will stay available. You can see the remaining availability for yourselves by checking the countdown on the Biksbit website.

Then there’s a so-called “Startup Bonus” which you are credited with automatically on creating an account with Biksbit. The amount is $10 and is invested in a special plan that pays 0.5% for 300 calendar days. That might be a good incentive for investors, but you should be aware this only gives a $0.05 daily return and the minimum withdrawal from the program is $1. So you’ll only be able to cashout once every 20 days when you reach that amount.

If you think there’s an investment plan in there suitable for you then the next thing we probably need to talk about is what are your payment options. This is an area where Biksbit a little better than the current industry standard due to the presence of Payza. You don’t see them in HYIPs as often as you once did due to their difficult verification procedures that admins, let’s be blunt about it here, would prefer to stay away from. Looking just from my own viewpoint as a monitor it looks like quite a lot of the traffic (i.e. money) going BikBit’s way does seem to be moving through Payza, proving yet again that even if admins don’t like them all that much the investors certainly do. Other admins take note, it can be worth the effort. You can also join Biksbit using PerfectMoney, Payeer, or AdvCash if you are using the more traditional style payment processors, or BitCoin if you want a direct digital e-currency. Payments are made manually by the admin so will need to be requested from your account. You just need to log in to your account there and submit your withdrawal, and once done the Biksbit admin asks you to allow a further 36 hours for all transactions to be completed. From my own admittedly limited experience with the program I would have to say the program would not exactly be noted for fast payments, but that’s OK, the only thing that’s important is that they have all been made within the stated terms and conditions. In many instances as far as I can tell payments are even done in bulk, with everyone getting paid at the same time just once per day. So please note, your patience is required.

Moving on now to the more technical side of the Biksbit website, everything is up to a reasonably good standard. The hosting provider is DDoSGuard who are by now quite a respected name in the HYIP industry, and they are keeping the Biksbit website on a dedicated server with their tech support and protection from malicious attacks. For an extra layer of security you will see that Biksbit has an Extended Validation SSL encryption certificate for safer browsing and more secure transactions. The script, which I suppose many of you might recognize, is under license from GoldCoders. Just in case you don’t it has all the hallmark features like a user friendly interface and is easy to navigate. You can also watch a video presentation on the program which might help make things clearer for you as to what they are all about. This has also been embedded in the MNOVision page as well, so you can watch it there if you prefer.

If there are still any remaining questions or you have any account related issues then there are a couple of options open to you. Before contacting anyone though, there are a few points you should be aware of. First of all be sure to read the FAQ section from start to finish. Also if there’s anything confusing for you the Biksbit website has been translated into four other languages, including German, Spanish, Portuguese, and most recently French. I’d be surprised if it stops there, but that’s it for now. If you still need to get in contact then the best place to start is with the Live Chat support. It’s not a 24 hour service, but if you find someone online they might be able to help you out immediately in real time. Otherwise you can e-mail the Biksbit admin directly at the address provided, or fill in your details on the online customer support form and submit it through the website. They both end up in the same inbox anyway, so it makes no difference. There’s a postal address in the UK, as always you’d be best advised to skip this and move on, given that it’s most likely just used for company registration and not where anyone actually works out of. It comes with a phone number though, so feel free to try it if you wish to speak with someone directly and think they might answer. Of more practical use to a lot of readers, particularly those who like social media networks, will be the Biksbit profiles on Twitter, Facebook, and VK.

As for any alleged business plan supporting the repayments to investors, most readers will probably know to ignore this but Biksbit are claiming to be involved with the extraction and processing of precious gem stones. I know most of the regular online HYIP players will probably ignore this, and there isn’t really much you can do to independently research and verify it anyway. But even if you believe it you should still treat Biksbit like any other online HYIP because nothing guarantees it has to be profitable. Keep your expectations modest and realistic, and stay well under a sensible spending limit. Invest only what you can comfortably afford to lose and earn back from other income sources, and if you do spend money on Biksbit then keep it as a smaller part of a wider more diverse portfolio.

Before we finish up with Biksbit for today then and move on to the news section I just want to ask readers what their own thoughts on the program are. Do you like it or not? Do you think it’s a program worth joining, or will you skip it? Please answer the following opinion poll, which as always will throw up some interesting results in the coming months and show how many people’s first instinctive reaction was good or not. Remember that all replies are 100% anonymous and untraceable, and it only takes literally a second to participate. So:

Will you make an active deposit in Biksbit?

View Results

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Staying with the above reviewed Biksbit, another language – French – has been added to the list of translations. Also a deposit bonus of up to 20% is being offered depending on the investment plan you want to join. As I’ve already covered this in the review the following newsletter is just for your information:

Promotion and French language
Dear Biksbit partners, we have prepared a great piece of news for you!
The promotion of up to +20%* for deposits has started. Biksbit continues growing and developing thanks not only to our qualified specialists, but also thanks to you, our esteemed partners, thanks to your protection and direct participation.
Second amazing news: the French language was added, it is the language spoken by almost 274 million people. It means that even more partners will be able to join us and to receive a stable passive income in comfortable conditions, sitting at home behind the monitor screen. We are thankful to all company partners interested in a steadily growing income! Biksbit has been making its partners happy with high dividends for more than a year already!
We, Biksbit company, are the only ones who guarantees its clients a stable high profit!


In a wonderfully unexpected twist of events, which the HYIP industry can be so famous for at times, the admin of one of the biggest programs in the HYIP industry now – SportArbitrage – announced the acquisition of a lesser known program TradeBTC on Saturday. Both have been featured on the MNO monitor from day one. The admin has explained his actions, saying it’s a case of spreading their bets and diversifying the investment portfolio, So while SportArbitrage is known for investing in sports betting, TradeBTC is allegedly involved in trading crypto-currencies. I myself don’t believe any of it, but I do remember similar stories happening in the past and can tell you what the consequences will be for members of both programs. Most likely they are both already managed by the same admin right from the very start (it’s a well-known fact that some admins run two or more programs simultaneously). However it’s only when publicly admitted that the implications become more obvious and both programs become forever linked in investors minds from that point. So, when one program (either SportArbitrage or TradeBTC) finishes, which will inevitably happen sooner or later, the other will surely be affected and close very soon after. There’s been no exception to this rule in my memory, and while two closely linked programs always support each other with cross promotion, they will also scam at the same time. Most likely what happened in the case with SportArbitrage is that the admin saw that the program got much bigger than his second program TradeBTC which has nevertheless has been quite a success by itself, and so he has decided to promote TradeBTC among the thousands of members in SportArbitrage as well. This way TradeBTC which was first reviewed here and pays 2.5% for 60 to 120 days to PerfectMoney, Payeer, BitCoin, and AdvCash for investments starting from $10 minimum would definitely benefit greatly from its association with SportArbitrage. At the same time, once SportArbitrage gets into trouble TradeBTC will also be guilty simply by association. I believe investors of both programs realize that simple but important fact, and will look closely into the performance of both when deciding whether they wish to invest in either.

As for the latest news from SportArbitrage itself, the program has been a tremendous success and has reached the #1 spot on the MNO monitor after less than ten weeks online. SportArbitrage (reviewed here) has plans paying from a 60% to 90% share of the program’s profits reported daily from its alleged sport betting activities. You may invest starting from $25 or its equivalent in other e-currencies via PerfectMoney, Payeer, BitCoin, AdvCash, OkPay, NixMoney, DashCoin, and LiteCoin, and be paid your interest over a period of 30 to 120 calendar days with the principal back on expiry. You also have the option to leave early and claim your principal back by paying a 25% penalty fee. Among the plans for the future the admin of SportArbitrage (and now also TradeBTC) Ronald announced his intention to add Ethereum to the list of accepted payment processors sometime later this week. In other news some upcoming promotional webinars of SportArbitrage, feedback on the program’s own Android app recently released, plans for the addition of Skype and Telegram groups, and a reminder on ordering BitCoin-based plastic or virtual cards from Spectrocoin – the site SportArbitrage has recently come into collaboration with are all included. And of course, there was some inspirational musings on becoming the biggest program of 2017 and beyond. Here’s the full version of the latest newsletter:

SportArbitrage: where success is a continuous path
Dear investors,
Another week has ended and it is now time for me to sit down for a few minutes and share our most recent achievements with you. SportArbitrage has just crossed the 33,500 registered members mark and we could not be more excited about these results.
We will start with some very big news: SportArbitrage has just acquired TradeBTC, another online investment pool. We have been negotiating this acquisition for a few weeks now and finally closed the deal yesterday. TradeBTC invests in cryptocurrency trading and this is something I have been learning for a while now.
Their trading team will be joining our own internal trading team soon but, for the sake of efficiency, we will manage both websites individually since they have separate investment pools. If you are interested in investing in cryptocurrency trading as well, just to go TradeBTC now and see what we can offer.
I truly believe that having a smart diversification of one’s investment portfolio and even though sports arbitrage has always been my number 1 income source, I personally invest in crypto currencies, working closely with exchangers moving large amounts of money between different platforms, currency trading and most recently, I am investing in a few progressive startup companies in Europe.
I would also like to say a big thank you for those who have been submitting their video reviews about SportArbitrage. We have a backlog of videos to be approved and we will be adding your bonus points very soon. I am truly happy to see all your activity in this promotion and amazed by the number of different nationalities I can see in the videos. As you know, my goal is to make SportArbitrage as international as it can be and these videos just prove that we are in the right track.
Starting next week, some European and Asian promoters are also hosting online webinars to spread the word about SportArbitrage in their local communities. If you’d like to host something similar, please write us at and we will gladly provide you all support and come up with an interesting strategy.
We also collected some interesting feedback about our Android app and new improvements and functionalities will be added shortly. We have a few thousand users who already downloaded our app so please don’t hesitate to send your feedback on how we can make it even better.
Another feedback we received is to improve communication so starting next week, we will be sharing public Telegram and Skype groups to communicate faster with our members. We are also looking for moderators for these groups so if this is something you’re interested, please send me an email at too and we will discuss it in details with experienced investors.
In terms of product updates, Ethereum will be added this week as many of you requested and we have managed to integrate Ethereum with our investment pool.
To finish with updates, more than 2500 investors have already ordered their plastic or virtual debit cards from using codes SPORTARBPLASTIC or SPORTARBVIRTUAL. If you haven’t ordered yours yet, please do it now since they will only be available for free until the end of this month.
Managing such a huge fund with thousands of investors is challenging and tiring but just thinking that I can change the lives of so many people through this project gives me energy and will to keep striving for nothing but the best. I like to remain positive and I only share good news with you and keep the challenges for myself. My job here is to work hard to make sure YOU have access to your financial freedom with us. I genuinely believe in building trust through actions, and will keep doing my one thousand per cent to change your lives.
SportArbitrage is a life changer for myself too and it will definitely be the biggest project I have ever managed. Our projections for the next year are very positive and I am eager to be writing to all of you in 2018 comparing our venture statistics to this initial moment we are currently living. Thank you for your continued trust; I will not let you down.
I hope you have an amazing weekend surrounded by family and friends. Ronald


FatFunds (reviewed here) has deservedly been one of the most original programs featured on the MNO monitor. Where else can make a profit while getting slimmer at the same time? If you’re ready to sacrifice some guilty pleasures and make a firm decision to invest in FatFunds instead you will get an opportunity to earn 2.1% daily interest for a 100 business day term. This more than doubles your original investment that can start from as low as $5. And ironically, in order to get profits from FatFunds you don’t need to lift a finger, as all the interest is paid on every business day (Monday to Friday) directly to the same e-currency account you join with. Originally there were four payment processors in use which included PerfectMoney, BitCoin, Payeer, and AdvCash, but from yesterday this was extended to include NixMoney due to popular demand (sorry, I myself know of no one who uses NixMoney and I do not work with it either):

NixMoney payment system added
On numerous requests of our clients we’ve added NixMoney to the list of supported payment systems.

Although running for just two weeks, FatFunds has been on MNO from day one and therefore my readers have the maximum chance to profit, although it will a long journey for many with many weeks required just to break even. So to keep things interesting while you wait, the admin has recently added Facebook and VK groups for members who can communicate there in English and Russian. In order to join the group you like the most please refer to the two updates containing all the links you’ll need:

Official FatFunds communities are created on FaceBook
We created official FatFunds communities in FaceBook in Russian and in English.
English speaking community:
Russian speaking community:

Official FatFunds communities are created on VKontakte
We created official FatFunds communities in VKontakte in Russian and in English.
English speaking community:
Russian speaking community:


RichmondBerks (reviewed here) is still doing well. They pay investors 1.6% daily on business days and 0.7% on Saturdays and Sundays. There is no expiry date but you may request your principal back for a 50% fee at any time you like. After almost ten weeks on MNO RichmondBerks has climbed to the #2 position (just behind SportArbitrage now) and attracted lots of investors already, some of them getting very close to the break-even point. I truly hope that RichmondBerks will continue like this, paying instantly to members’ PerfectMoney, Payeer, BitCoin, AdvCash, and NixMoney accounts for a long time. I must say that the promotion for RichmondBerks has always been different from so many other programs, with so much effort given over to spreading the word not only online, but also offline in the real world as well. Frequent conferences open to the public have been held on a regular basis with two latest two being in Nigeria. Photo reports of these can be found on the site’s news section. As one of the promo contests in RichmondBerks is over now with winners selected at random via Live streaming, another one with an even bigger prize fund of $100K fund has been announced. To participate you need to create a new deposit in RichmondBerks with at least the $10 minimum, like and share the Facebook post on the contest, and that’s it. Winners will be announced on June, 7th. All the latest newsletters from RichmondBerks is below:

Enter the new contest! Prize fund: $100 000!
Hello, everyone! RichmondBerks here and we’re ready to start New Ultimate Contest!
As far as you remember yesterday we publicized and winners of the previous contest. Today we are going further.
Enter the new Ultimate Contest! To Facebook, everyone!

RichmondBerks conference in Abuja – Report
Hello dear friends!
In Nigeria on April 1 a new conference was held from partners of our company. It was held in Abuja city. But this is not the last conference, waiting for you at this month. You can see the full list of upcoming conferences here. Come to the conference in your city!
And now, we bring you a photo report on the conference in Abuja:

Conference in Nigeria on April 3 – Report
Here is another report about the conference is presented to your attention. All participants of the conference were glad that they visited it and they did not leave it empty-handed. A lottery of valuable prizes was held, and winners were nominated, you can see them here.
Want to attend a RichmondBerks conference? Find out where the next conference will be held right now. Here you can find all the information you need about upcoming conferences.
And now, take a look at the photo report of the last conference:

RichmondBerks Weekly Digest
Hello! This week coming to the end, so it’s time to take stock and tell you about the most significant and notable events. We have prepared a news digest for you with a brief description of the news, and by clicking on the title of the article you can see the full version.
Sunday 02.04
We conducted analysis and found out which 7 key types of customers make up our audience. Do you find yourself among them.
7 types of RichmondBerks clients – which one is yours?
Tuesday 04.04
Do you follow the news, shuffles and letters that the company sends you? It can be great help for your profits increasing! But it is very important to stay in touch.
Promotions from RichmondBerks every day! Be on the alert!
Thursday 06.04
The winners of the contest are announced! Did you receive your prize? Check whether your name in the winners list.
Congratulations to the contest winners! + Announce
Read the photo report on the Nigeria conference. And also do not forget to check whether it will be next in your city?
RichmondBerks conference in Abuja – Report
Friday 07.04
Starts a new contest on Facebook with a prize pool of $100,000! Take part and win a grand prize of $ 30,000!
Enter the new contest! Prize fund: $100,000!


After just 45 days online, right when it’s time for the very first investors to finally see a profit in LegendInvestments, the admin seems to have other plans. The program may be a scam within a matter of days. How did I come to this conclusion? Over the last few days the admin keeps bombarding investors with all sort of promotional offers one can’t say “no” to. If a few days ago the special bonus LegendInvestments which always added to investors’ deposits automatically was just increased as a once-off offer, now the admin promises a guaranteed bonus of 15% for all investors and 26% to everyone who invests $500 or more. In my honest opinion, this offer that was available until the end of yesterday speaks volumes about the program’s severe cashflow issues, hence the extra bonuses and a new rank for partners of the program to get higher referral commissions. To obtain this new “rank” you bizarrely need to invest at least $6K in the program. I believe not only myself, but any intelligent and experienced investor will smell desperation when he sees newsletters like those posted by LegendInvestments over the last few days:

We`ll bring happiness to customers for 43 days. So in honor of this, we want to make some gifts!
The promo will last from 05:00 AM. 07/04/2017 to 11:59 PM. 09/04/2017. The conditions are simple: within 43 hours, each deposit will receive a guaranteed 15% of our bonus lottery. For deposits of $500 and above, we will give you an additional 11%. So your total bonus will be 26%. We had a successful trading week thanks to the high volatility of the market. However, such gifts will not be frequent. Hurry up and don’t let this chance slip by.

Our affiliate program offers better deals!
What a great news for our active partners! First, we have added a new rank called “Director +”. With this status, you can receive 25% of the deposit made by your tier-1 referrals. To get this status, you need to have an active deposit of $6,000. Secondly, VIP partners can now choose between high profit from tier-1 referrals and a tier-7 affiliate program. To change the conditions, please contact our support service.

Now the question arises whether these appeals for money are simply a means to continue work once a few gullible people put huge money in LegendInvestments, or just a final attempt to grab any extra money before scamming. I’m always glad to be wrong about these things, but I rarely am. A the sixth sense developed from years in the HYIP industry tells me LegendInvestments is in trouble and its days are numbered. The fact that the gap between requesting a withdrawal and actually getting paid has significantly increased over the last couple of days isn’t helping much either. In any case, I see little to no interest shown by readers in the program over the last few weeks and too says a lot. I would really stay away from LegendInvestments at the moment, and I will update you if it’s safe to invest again in a few days time, however for now it’s on Waiting Status on my monitor and I really don’t see that changing back.


Payza has always been a popular choice among MNO readers, but has recently been accepted by only a few programs, currently only BandeiraCorp and Biksbit. I sincerely hope that it’s going to be changed over the next few weeks, as yesterday I got paid for Standard Listing by another admin using Payza. Hopefully I will be able to introduce it in the next post on the MNO blog in a couple of days. No wonder that Payza is that popular – you don’t need an exchanger to move funds in and out of your accounts, as Payza works directly with banks and credit card providers, and even BitCoin while also having its own prepaid debit card you can send your earnings from HYIPs to immediately. Payza has been mostly popular with investors from the US and European countries, but recently the main focus is shifting to developing markets. That does make sense, as such countries and their growing populations are open to new convenient payment methods and are more eager to try something new and exciting. The latest analysis of the Latin America market and its consumer preferences was posted on the Payza‘s official blog. If interested you may read the article in its entirety below:

Regional Spotlight: Consumers and E-Commerce in Latin America
E-commerce is alive and well in Latin America. It is the region with the second fastest growing e-commerce sector globally, behind only Asia-Pacific, with a developed digital economy despite relatively low internet and credit card penetration, and a large unbanked population. As n immense and diverse region, there are plenty of opportunities for foreign retailers to make inroads into Latin America, but entering this market comes with some significant challenges as well. Let’s take a look at some of these challenges and opportunities.
Market Size
With estimated online sales totaling $79 billion, the Latin American e-commerce market is still relatively small, ahead of only the Middle East and Africa. But like many developing markets, today LATAM is in its early high-growth phase: Business Insider predicts a 17% compound annual growth rate (CAGR) over the 2014 – 2019 period, with growth then slowing to approach the rates of more established regions such as North America and Europe (12.2% and 13.6% respectively).
This means that merchants looking to stake their claim in the Latin American market would be wise to make their move before the high-growth window closes in 2019 and the major players become established and entrenched.
While Brazil accounts for 42% of the entire region’s online sales, its growth rate over the last 5 years has been the lowest in Latin America. Though less than a third of the size, Mexico‘s e-commerce market is the region’s second largest and accounts for over $10 billion in annual online sales.
Argentina, currently the third largest e-commerce market in LATAM, is the fastest-growing with an annual increase in market size of 50%.
Year-over-year Growth by Country
Argentina 50%, Guatemala 11%, Brazil 8%, Mexico 21%, Chile 14%, Paraguay 31%, Colombia 17%, Peru 8%, Ecuador 42%, Uruguay 48%
Latin American Consumers
Infrastructure in Latin America is still limited. Internet penetration in the region is only 61%, while only 30% of consumers own credit cards. Furthermore, many people remain unbanked, relying on cash transactions for their basic needs. In Mexico and Argentina, online retailers are only able to compete by offering their customers cash-on-delivery as a payment method. Since this is challenging, if not impossible, for foreign e-tailers to offer, domestic sellers tend to dominate in these countries.
Logistics are also suffering from poor infrastructure in most of LATAM, which contributes to the popularity of cash-on-delivery: because it often takes products week or more to ship, Latin American consumers are uncomfortable paying up front for their online orders. As e-commerce penetration increases in the region, offering faster delivery times or otherwise compensating consumers (ie. offering free shipping or cost-free returns) can be a major competitive advantage.
Consumers in LATAM turn to e-commerce most often for apparel, appliances and accessories. Foreign retailers have had the most success in selling electronics and computer hardware, while media and travel products are also popular.
Top Target Markets
– Brazil
Overseas investment in Latin America is almost always focused on Brazil. The largest market by far, Brazilian consumers are attractive to retailers because of their high adoption of cross-border e-commerce, tolerance of long delivery times, and regionally high credit card penetration. The most popular local payment method is Boleto Bancário, a printable, bar-coded invoice regulated by the Central Bank of Brazil and payable by consumers online or offline.
See also: Cross-Border E-Commerce in Brazil.
– Mexico
As a member of NAFTA, Mexico is unique among Latin American countries. With one of the world’s largest GDP and a land border with the US, Mexico’s barriers to entry are among the lowest for foreign retailers. MercadoLibre, the Argentinian retailer that dominates domestic markets in most other Spanish-speaking LATAM countries, has a low market share in Mexico, making it easier for new market entrants to compete. The local payment method OXXO, an invoice that can be printed with a barcode and paid in any one of the 13,000 OXXO convenience stores located throughout the country, is widely used to pay for online purchases and even utility bills.
See also: Cross-Border E-Commerce in Mexico.
– Colombia and Chile
Colombia and Chile are unique for having some of the highest internet penetration rates in the region. Compared to the larger South American markets of Brazil and Argentina, these two countries have a more mature infrastructure and fewer regulatory barriers to entry. For example, in Brazil it 119 days to open a business; in Colombia it takes 13. Brazil is notorious for the “Brazil cost” a collection of import fees and taxes which force cross-border retailers to inflate their prices. Similarly, Argentina is virtually void of cross-border investment because of the prohibitive costs involved. In comparison, the cost of operating an e-commerce business in Colombia or Chile is very low.
E-commerce in Latin America is in its early growth phase, a point at which the population is rapidly adopting online shopping and the local infrastructure, payment technologies and internet networks are rapidly maturing. Now is the time for cross-border retailers to enter the market and get a foothold on a new population of digital consumers before the market floods and leaders begin to emerge.
For more information on specific domestic markets in Latin America and the world, keep an eye on our Country Spotlight series on the Payza Blog.


I must say the opinions on the short term future of the HYIP industry have been very divided among readers, as the consequences of the latest avalanche of scams witnessed over the last month or so keeps everyone cautious. The question in the last opinion poll on the MNO TalkBack page asked: “What do you expect from the HYIP industry for the next couple of months?” By the next couple of months I obviously meant the remaining spring time until early summer, which has usually been a very fruitful for HYIP investors and the admins alike before things slow down in summer. This year however has already proved to be very different in that regard. After the rapid growth in January, February, and partially in March, the odds are not really in investors’ favor with lots of fast scams and failures causing disillusionment. So I wasn’t much surprised that the most popular response to my question as expressed by over 39% of the MNO readers was that the industry will shrink and decline before the summer months. Almost the same number of you – 36% – took the opposite view that the HYIP industry will grow. About the remaining quarter of my readers simply believe it will stay static. I can’t really comment on these opinions, as the situation so far has been quite unpredictable for me as much as everyone, and only time will tell what happens next.

The new question I’m asking for the next week or so is this:

What is the most obvious sign of an imminent scam for you?
1) Change of investment plans
2) Offering various bonuses
3) Blocking members’ accounts
4) Selective payouts

The poll will be available on the MNO TalkBack page at least until the end of this week. You can read more about the warning signs in HYIPs in this article on the MNO Info Center page as part of the series on the darkest secrets in the industry.


Here is the list of the programs from my monitor that paid me for the last 84 hours:
From MNO Sticky list: –
From MNO Premium list: SportArbitrageRichmondBerksBandeiraCorp, TradeBTC,
RubiLtd, SoftMiningLegendInvestments, FatFunds, Biksbit.
From MNO Standard list: –
From MNO Basic list: BetCruisez, InventGlobal (the first payments received).

That’s all the news for today, guys. At the start of a new business week I would like to wish you the best of luck with your investments. I hope it will be a profitable one for all of you! I’ll be back in a couple of days and most likely introduce a new promising program on my blog and, of course, all the latest news and updates from the biggest and best programs you can only find online. In order not to miss the next big thing in the HYIP industry please stay tuned for the latest updates by following MNO on Telegram, Twitter, and Facebook, or subscribe to the daily news by entering and confirming your email address on this page. Remember to vote in the latest poll on the MNO TalkBack as well, as I really appreciate your views. See you soon everyone!

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