THE PROGRAM HAS STOPPED PAYING! PLEASE DON’T INVEST!
Hi, guys! For today’s review I chose PacificSurfing. So let’s start without further ado.
PacificSurfing is an autosurf program that launched 8 days ago. The first payouts on expiry are yet to be processed as the plan is 10% for 15 days. You should surf 10 sites daily in order to get your 10% daily rebate. Everything is standard you may notice except one thing: you are not allowed to withdraw your earnings on expiry (after 15 days) unless you are an active member i.e. having at least $5 in your PacificSurfing account (the price of one ad-pack). In my opinion this rule, though less than the 50/50 rule for example, may make the program less attractive to hit-n-runners. So remember that in order to get your payment in PacificSurfing you will have to stay an upgraded member at all times.
PacificSurfing only accepts StrictPay and AlertPay. Although LibertyReserve was also mentioned on the site due to the current instability of this payment processor the admin hasn’t added it yet. I believe that he will consider adding it after it gets back on track. The payouts are processed within 48 hours of making a request and are not automatic.
PacificSurfing is using Neversay script and hosted on a dedicated server so they satisfy all the standards for security. The program has been running smoothly so far and I believe it can become popular in the future when the first payouts on expiry are processed. Adding more payment processors in the future would be also necessary to this success however.
You should remember that PacificSurfing is mainly a traffic exchange and an advertising website. So the earnings are not guaranteed, so just like in any other surfing program you should only spend the money you’re prepared to lose. If you wish to look at PacificSurfing‘s performance first you should wait before the first payouts on expiry are processed. There were so many autosurf programs recently some of them did not even last 2 cycles so caution would be advised when joining any new autosurf sites.
To conclude the review of PacificSurfing: it’s definitely not a bad site but it should prove itself with the constant payouts and timely support from the admin. We will see in a week if it becomes a a success or failure because after a week online it’s too early to make any conclusions regarding this one.
Other news for today.
Ok, guys. It seems finally LibertyReserve is online. It had many ups and downs during the last two weeks and it was for a reason: they upgraded their security which is the most important part of any successful payment processor. There were many rumors and speculations obviously originating from LR’s competitors and only the blind could not see their biased attitude. In my opinion, LibertyReserve payment system is one of the most secure e-currencies and they updated their security already:
“Please note that in order to further protect customers who have fallen victims to recent phishing attacks, we are now implementing a new feature that will force every customer change random login information every 60 (sixty) days. Please note you will NOT be asked for your current passwords, if you are in your account – it was correct. The new advanced security system implemented will monitor everyone’s account for unusual activity and will take measures from simply restricting login to your account temporarily all the way to locking your funds if it feels that your account is compromised. This system is unique to LibertyReserve in digital currencies arena and is currently only being used by very large banks. Just as always – security comes first.
If your current exchanger has fallen victim of rumors and is trying to take advantage of you with higher than reasonable fees – please consider using another exchanger that will not take advantage of you.
We apologize for the slight downtime required to implement this change. We appreciate your patience.”
So in making this update LibertyReserve answered the accusations that their system was not secure (by implementing new security features that I have already tested and must say – they are working perfectly well) and also let us know that the exchange rate in which LibertyReserve can be sold to exchangers will not be essentially reduced and their exchange rate will not go down as it was predicted by so-called paid posters. Moreover, there was some other exciting update about accepting credit cards for funding your LR account and issuing their own debit cards that you will be able to purchase soon. I hope in a couple of weeks that will be possible and surely LR will become even more popular after this card implementation:
“Dear Friends, Shortly, we are ready to start accepting credit cards for direct funding of your LibertyReserve accounts. We will start with a maximum of $200.00 for the first time verified users and will increase if market conditional call for it. We will accept Visa, Mastercard and American Express. We will post detailed verification instructions required for users to be able to make purchases directly with credit cards on our blog on March 15th.
Debit Card update: we are preparing a web page where you will be able to place orders on-line for your debit cards. Please note that only verified customers will be able to request it. Verification procedure for buying LibertyReserve inventory with credit cards and to request a debit card – is the same. Once you are verified for one – you are verified for both.”
The recent frequent downtimes forced some programs to issue statements where they assured their clients that even if one particular e-currency fails it will not affect their system and they will allow their clients to switch to other payment processors. I’m talking about PanaMoney program (reviewed here) that proved to be a successful choice for those who joined early enough (I remind you that PanaMoney has been online for 6 months already. The unique trading feature that allows PanaMoney to show real trading stats was described by the admin of PanaMoney in the interview published on my blog here. And now they issued a very brave statement which you can read below:
“PanaMoney Technologies Inc. is not associated with any payment processors, as the funds invested are included into the Forex trading process, however, there can be certain consequences for the profits previously accrued to your Current Account. Due to recent multiple inquiries in regard to some e-currency performance, PanaMoney Technologies, Inc. would like to clarify its steps to be taken in case of any e-currency default.
We would like you to get familiar with Article 11.5 of the Terms of Service amended to that end.
In case of default or inappropriate performance of some e-currency, the Company takes the decision on providing every client with an opportunity to switch their investments (Deposit Account balance) to any other e-currency accepted by the Company, or bank transfers in case your account is validated for bank transfer transactions and your investment exceeds $1000. The decision is published in the Company News and sent to all clients by e-mail. You choose and switch your Deposit Account balance to any other payment option and once your investment is switched to some other payment method, all profits will be accrued and can be withdrawn with this payment method. The profits accrued to your Current Account balance and not reinvested before the Company ceases its work with the payment processor, cannot be converted to some other payment method and stay on your Current Account balance. You can request those funds for withdrawal and it will be processed if the e-currency resumes its activity.
Those steps are designed to provide maximum independence of your investment from any e-currency performance.
We hope for our continuous and beneficial cooperation.”
Another stable and great performer SilverLodge (reviewed here) reminded the investors about the bonus that is still running and that will be rewarded to bigger investors of the company. Here’s the latest update from them:
“I like to offer everyone again 10% deposit Bonus for every investment over US$500 and a 15% deposit Bonus for investments higher as US$ 2500.
Please be informed when you plan to make investments larger as US$7500 we can offer 18% deposit Bonus. We also accepting Bank deposits for verified customers, so feel free to use this option. What is with all the downtimes from the payment processors in the last few days the maybe quickest option to have your investment safe going with us.”
This is the latest update from Tradirex (reviewed here) which decided to extend their referral contest for a few more days due to the unstable nature of LibertyReserve during the last week:
“Another news for today it’s we decided to expand the referral contest until 15 march (instead 10 march) due to many down from LibertyReserve, influencing contest and new registrations
Concerning pending payout LibertyReserve request during 12 last hours, it will be send when LibertyReserve will be back.”
I would like to add that seemingly the pending payouts to LibertyReserve have been paid by the admin of Tradirex.
Sometimes I wonder how honest and upfront some program’s admins are. For example, the admins of CrazyCashSurf (reviewed here) recently published another update on their blog where they described the current situation in the autosurf world precisely and in great detail. I would like you to read these reflections carefully as I think this is worth some discussion:
“A Word About The Fear Factor! Greetings to all CrazyCashSurf members!
Just want to touch base with you this weekend, to let you know that we are presently processing cashouts for today, Saturday. Although this isn’t a “business day”, we do like to keep up to date with your withdrawals, while still spending some time with our families. Family time IS important, so please do forgive us if payouts are not as “lightening-fast” as usual throughout the weekends.
FOOD FOR THOUGHT!
This week we received a very thoughful email from one of our members, who had invested early with quite a large number of adpacks, and was recently paid out by us on their expiry. In part, here is what he wrote:
Quote:
– It seems that you are a real paying autosurf (not a scam).
– Most people are not paid on many other surfsites.
– Most people are now afraid to invest after 1 or 2 cycles.
If you could take time to write an e-mail to the members giving your point of view on the autosurf world and explaining how you are different (and honest), it could reassure the ones (like me) who are afraid to invest again.”
End of Quote
We appreciate his concern, as we realize that these days it’s the concern of many. We believe there are 4 reasons for the fear and hesitation we now clearly see in this industry:
1) the global economy slowdown which has affected all businesses both online and off.
2) the selfish actions of a few surf admins who retained for themselves the bulk of member investments, while paying out 0 to 1 cycles only before closing their programs.
3) the effect of ddos attacks and other downtime on payment processors on which the surf industry relies. Just 2 or 3 days of processor downtime can adversely affect a surf program, as during that downtime, they are unable to either pay members OR receive upgrades. No upgrades = no income!
4) While many admins do invest member funds to create the % profit we need to pay our members, it’s usually into other surfs we judge to be stable; but we also tend more and more to lose these funds when surfs close unexpectedly. It’s a sad fact of surf industry life that the failure of one surf has a domino effect on several others.
How does CrazyCashSurf fit into the scheme of things?
Please allow us to be very open with you. For our first 11 days online we struggled, and as some of you are aware, this was because we were negatively linked to another program the first day we opened, even though that program had nothing whatever to do with us. We are three admins who have been involved in the surf industry for several years as either members or as paid staff of a number of surfs, but have never owned our own surfs before.
It would have been very easy at that point to give up on CCS and begin again with a new domain, but we had nothing to be ashamed of and determined to continue. We believed that consistently fast payouts, friendly support and honesty on our part would help us to survive, and that we should be judged on our own performance. We still do.
WHAT ABOUT THE “FEAR FACTOR” ?
How does the global financial situation, the hesitancy of members to trust, and the “fear factor” affect CCS Greatly. We have had several members earn their 13% daily for 11 days, receive a fast payout ….and fail to upgrade for another round. This seldom happens after a first payout cycle, and is something directly tied in to the current situation.
Last year a very successful program (closed by the US feds after an investigation) taught its members that a program will only continue to flourish if members apply the 80/20 factor. That is if, after a payout, they re-invest 80% and keep 20% for their own needs; OR , if they have a particular need, to re-invest only their %age profits and keep their original investment, so they are only gambling “program money”. Sound advice!
Did I say gambling ? Yes. After all, we know that surfing is only a game. But to increase our odds of making a profit, we need to closely watch for the signs of an honest surf, as that tips the odds in our favour. These signs are :
-Fast payouts within 24 hours or less.
-Responsive support personel
-Good communication
We maintain that a well-managed surf can last for several months, even 6 months to a year or longer. BUT, to do that, the loyalty and commitment of its members is needed. Without that, even the best program with the most honest admins will fall.
NEW SURF PLAN OPENS TOMORROW !
Tomorrow we’ll add a new surf plan to give you another option. Those who enjoy longer term adpacks with DAILY payout will love this one. Watch for it !!
Hope you are enjoying your weekend.
Many thanks to all who support CCS with encouraging words, suggestions and -last but by no means least- regular upgrades! It is you who make CCS strong and stable.
Check Out Our MOONSTRUCK Plan !
Opened today……new, longterm plan…..3% daily for 3 months. DAILY payout. Earn 270% over 90 days!!!”
By the way, CrazyCashSurf along with AmaizingAds, 13x11Pro and ProjectSurf are down today due to some maintenance on HushHosting servers where they are hosted. It seems that the above-mentioned sites will be online soon and hopefully this downtime will not affect their performance. Due to this event I will delay the interview I made yesterday and intended to publish on my blog today with the admin of ProjectSurf Frankie. The interview is very detailed and also quite interesting as well. Frankie seems to be a very experienced person in this field and in my interview with him he discusses all the features of his program as well as all the issues surrounding the autosurf industry at the moment.
Invest-Power and CapitalCorpex are both going to Not Paying status today. Invest-Power issued an email where he blamed everybody including LibertyReserve, that allegedly blocked his account, CIF Hosting for being scammers and my blog for writing a bad review. Well, in my opinion the inability to manage the program successfully and an attempt to blame everybody for his failure is a bit more essential to this HYIP’s problems. I wonder if CapitalCorpex also suffered from current LibertyReserve downtimes which caused the shortage of funds. As I noticed only today the payouts stopped on 04/03 and there was no explanation from the admin posted anywhere. So I believe it is over and I believe that was the reason why CapitalCorpex refused to verify their address in London. I remind you that I can do it now if the address of an HYIP is in London as I will be living here for a while.
I received the first newsletter from AsianInvestGroup today where it informed me of the weekly results of their investment activity:
“Our rates for current week are the following:
Optimized Portfolio – 8.1% weekly (+0.3)
Aggressive Portfolio – 10.2% weekly (+0.2)
Optimized Portfolio Premium (for investments of $1000 and above) – 11.1% weekly
Aggressive Portfolio Premium (for investments of $1000 and above) – 13.2% weekly“.
To finish today’s news I would like to report that I got paid today from the following programs: GoldNuggetInvest, E-CashWave, 10DailyIncome, CrazyCashSurf, ComradeFinance, Tradirex, EnscoOffshore, PanaMoney and GeneticsIndustry. See you on my blog tomorrow, guys!
Filed under Daily News, Reviews by on Mar 9th, 2009. Comment.
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