Hi everyone! It’s not that often that I get to take a break from the usual cycle of HYIP related news stories. But today, though I’m still going to talk about something that is very much related to the industry, I’m delighted to branch out a bit and discuss GlobalDigitalPay. That’s a relatively new payment processor which I believe will become one of the leading payment options for online merchants (including HYIPs and autosurfs) in the near future. There are already many merchants, some of which are listed on my monitoring page, accepting this payment processor and I believe it’s only the beginning. It’s an ongoing process of course and sometimes a slow one. But a process that is well under way nonetheless involving an ever expanding number of merchants and exchangers in developing a brand-new approach to e-currencies and online payment options. GlobalDigitalPay itself only started in January 2009, but its roots go much further back. I’ll get to that as well.

The biggest difference between GlobalDigitalPay and so many fly-by-night semi-scam payment processors that have come and gone in recent years is their history. Whereas many of the new companies open just to gather their clients money and disappear after a few months months, GlobalDigitalPay have a well established reputation and tradition behind them. You see, despite as I said them only being in operation since January, they are owned and operated by the highly respected exchanger LondonGoldExchange. LondonGoldExchange have spent years building up a loyal customer base and establishing their business as one of the most trusted and dependable in the industry. Many years of good service and thousands of satisfied customers will testify to that. They also have offices in London and Hong Kong.

I guess the main aim of opening their own payment processor was to be in direct competition to LibertyReserve which was unofficially crowned the most popular payment processor in the HYIP business. Therefore it’s no wonder that LibertyReserve banned LondonGoldExchange from their list of approved exchangers in August 2009 which in turn forced them to drop LibertyReserve as an exchange option. That can only mean that LibertyReserve smelled a genuine competitor from miles away and tried to (understandably) protect their own position while damaging that of their latest challenger. However, just a few months ago the process of expanding GlobalDigitalPay stretched to many HYIPs and exchangers and I honestly think it’s simply unstoppable now (especially considering that PerfectMoney is very much in decline).

So what exactly can GlobalDigitalPay offer to its customers? Well, first of all it has a very competitive system of fees which is very similar to that offered by LibertyReserve. Similar, but in fact cheaper. Let’s take a simple example (please note that opening an account and sending money is free in both systems). Suppose we are going to receive $1,000 for some service. In LibertyReserve we will pay $2.99 (which will leave us with $997.01) while in GlobalDigitalPay the payment will be $1.99 only (that means we will have $998.01). As in LibertyReserve the minimum fee to receive money is set up to $0.01 and the maximum is capped to $1.99 against $2.99 in LibertyReserve. Please note that both payment processors charge 1% fees in general. The advantage of opening a payment account in GlobalDigitalPay though is that you will get an opportunity to open an account not only in US Dollars and Euros but also in British Pounds which is a more expensive currency right now.

There are 22 currently approved exchangers (the list is constantly growing) where you can exchange your GDP to other e-currencies or the other way around. You can add funds to your GlobalDigitalPay account via different methods, such as International Bank wires, Credit cards, Western Union, MoneyGram and many others.

For the merchants there are some extensive instructions available on the website on how to install your payments using API/SCI (Application Program Interface/Shopping Cart Interface) functions such as:
EasyPay – Simple, quick and instant payment link creator
PayNow – Instant payment button creator with custom fields and encryption
API Integration – Full payment integration for web site developers
Balance Check – Automatically created customizable account balance script
GDP Seal – Account status graphic to add to your web site.

So let’s take a quick look at the process of opening an account in GlobalDigitalPay and how to operate it afterwards. You don’t need to be a verified member in order to get a fully functional account with all the features (similar in structure to LibertyReserve that also deals with third-party exchangers for deposit and withdrawal purposes). To open an account in GDP you should just go to their “Sign-Up” page and fill in the form specifying your account name, email address, choosing some passwords and security options and submitting your contact details (of course, it’s much better if you submit real info that will be helpful in case you have to restore access to your account for some reason). Please store your passwords and PINs in a very safe place (not your computer) as hopefully you already do with your accounts in other e-currencies!

After the successful confirmation of your email your account will be open and you will be free to use it (fund your balance, deposit and withdraw money from any online investment program accepting GDP, use exchange services etc.). Your account number will start with a capital letter G followed by a number unique to every account. Your password, which you will choose yourself during the registration process, should contain not only alphabetic but also numeric characters. It’s all for better security I suppose and you will need it together with your account number in order to log-in. There is another important security feature installed that will protect your account from hackers: a one-time code will be send to the email address specified during the registration each time your Browser or IP-address changes. You will have also your own PIN which will be asked during every transaction.

By logging into your account you will see that you have an option to verify your account. In my opinion this is a feature that will be useful only to program admins as you will only need to do this if you exceed a limit of $30,000 in payments. You can of course receive more than that without verification, it only applies to payments. I guess the average investor doesn’t operate with amounts like that so there is little need to have your account verified. But if you do want to verify your account you will have to provide a scanned copy of a government issued ID document and a utility bill or credit card/bank statement. But this can be considered standard procedure in the industry by now, and can also be seen in the StrictPay e-currency (where verification is compulsory however).

In your GlobalDigitalPay account you will also find all the standard features essential to each payment processor, like a transaction history, account profile details, payment feature including single and multiple payments and affiliate links and banners to promote GDP and earn some commissions. By the way, since GlobalDigitalPay is still a very new but very promising program you can make some additional income for yourself by promoting it and collecting 10% of all the fees charged by GDP from clients signing up under your promo link. It can be a great income considering that GlobalDigitalPay will definitely experience some pretty decent growth in the future. Of that I have no doubt.

Every day more and more admins of investment programs along with investors choose GlobalDigitalPay as a viable payment option attracted by very reasonable fees, a top-notch and secure interface with multiple functions and of course by the reputation GDP already courtesy of its owners – the LondonGoldExchange. This reputation together with their legal registration as an offshore entity in the British Virgin Islands and their commitment to improving service day after day could be a sure-fire recipe for success.

To finish I would like to say that I am quite hopeful of getting an interview with the admin of GlobalDigitalPay on Money-News-Online soon. Meanwhile I’ll just let you in on some exciting plans for the future and fuller development of GDP as an online payment processor that he shared with me and the readers of MNO. The following are what we can expect to be implemented by February 2010):
“Improved site design – faster loading better laid out.
Integrated Support System (support ticket module integrated into your account).
Improved Merchant Directory with ‘Exchange Agent Finder’ (advanced search process to find an exchanger that suits your requirements) , Real time Exchanger fee table and improved layout.
Multi language versions (Spanish, French and Chinese first).
Debit Cards.
And lots of other new features coming up too, enforcing our commitment to continually grow and improve the web site and the service we offer.”

I hope you find this review somehow useful and will help to de-mystify one side of the industry often neglected by news sources. And if you do try out this new e-currency, I’m sure you will like their service. And in the long run I think the very presence of GlobalDigitalPay will only be beneficial to the industry, and consequently more beneficial to you!

Other news for today.

Even though there are several programs that collapsed over the last two days let’s start our news update today on a positive note. Although it seems that the issue with uncredited weekly earnings has not been fixed ArbsFund continues to pay the promised 8.5% weekly to the members who contacted them about this issue. I also did so and was paid directly to my StrictPay account. Despite the fact this issue is still ongoing for some members all the payouts seems to be done pretty fast after requesting them and in the last newsletter today the admin of ArbsFund (interviewed here) said that they had already reached their goal of 1,000 members and it happened even before Christmas like they planned. Well, ArbsFund is definitely a program with huge potential and for some reason investors do really like such the concept of non-expiry weekly payments, in this case allegedly backed-up by sports arbitrage that is according to the following email-newsletter is still going on successfully. So here is the latest from ArbsFund, (and for more details please refer to my review published here):
“Dear ArbsFund Stakeholder, We have achieved more than expected on this trading week, we have manage to achieve 29.7% Growth in our trading capital.
If you remember in our previous newsletter that our target is to reach 1000 Members on the day of Christmas, It looks like were going to celebrate our Christmas earlier than expected, As of today we already have 1050 + Members and 85% are active investors.
We would like to thank our fellow members that help to make this happen, to all the members who promoter our program, to all our monitor and investment review sites who have made special participations for this achievements.
We would like to make a clarification to those people sending support emails regarding their account, Some members are requesting for weekly interest via Support Emails even though their investment is 1 – 5 day old, please be reminded that crediting of interest will be weekly, example: if you invest on Monday your weekly 8.5% interest will reflect on your account every Monday. We also found some cheaters on our system that keep requesting weekly payment via support email even after paying them, we are not suspending or banning anyone, We hope this newsletter will serve as a warning to those members, we are monitoring your account for illegal activities
All Support Emails will be answered 12 – 48 hours of request and again please be reminded that sending multiple support emails will only cause delay or no response at all because your message will end up in SPAM folder.
Our Live Support are online 12hours/day to Answer your inquiry, also Live Chat is for small talks, if you’re going to need support for your payment or interest issues please used our support email form and provide the necessary information.
Thank You!
Sincerely yours, Public Relation Manager. ArbsFund Team”.

As you might know the website of another popular HYIP Verifield that is offering several plans with the possibility to earn up to 208% on your principal for just 60 days and with the payouts on expiry (more on that in my review published here) was offline yesterday. That was the planned maintenance though which resulted in an upgrading of their investment platform that is only the first stage of the chain of upcoming improvements listed in the latest newsletter from Verifield:
“Maintenance completed
Today our staff have completed the server maintenance successfully. Verifield have moved to a to a more efficient and powerful server, that will cover all increased requirements by recent tremendous growth of daily traffic and amounts of investors.
In year 2010, Verifield plan to aspire the innovations, built on the success and achievements of year 2009. One of the key points was the upgrade, that involved over twenty of team employees in order to provide best service now and in the future.
Apologize for the inconvenience caused as a final part of platform upgrade, which will bring new features in the beginning of the week.
The new features will include such advantages as:
– Live chat with Investment Managers in your native language.
– Verifield Global Presence section, with Investment Managers locator possible to locate IM in your country.
– A well developed international Investment Manager profiles with schedules and other important updates.
– Much faster and more secure transaction processing – Additional account security features such as constant live anti-fraud monitoring.”

MandarinInvest (reviewed here) is adding more languages for the benefit of the members whose native language is not English. In addition to others there were three language versions of the site more added including Japanese, Czech and Spanish. So if you want to see MandarinInvest in any of these or other five languages please select the appropriate option from the drop-down menu on the top left corner of the site. Here is the latest news from them:
“We do our best to make our program more accessible for international members and have added 3 more languages on our website: Japanese, Czech and Spanish. You can also contact our support in these languages.
Sincerely, Robbyn Hart”.

The administration of GloTrade program (reviewed here) which claims to be backed-up by real trading finally updated their official blog with more current results of their investment activities. Also it appears that GloTrade which is offering two investment plans with principal returns on expiry (2% for 20 trading days or 2.5% for 40 trading days) is growing pretty fast and has over 300 members already and the admin even boasted that GloTrade was online 100% of the time meaning there was no downtime at all. Well, to tell you the truth it’s a rather remarkable achievement for an online investment program which has been online for three weeks already. Finally, a referral contest has now started so every member of GloTrade can participate in order to win some cash prizes. Read more on it in the latest newsletter published below:
“Hello GT members, Hope you are all enjoying your weekend. Sorry to bother you all with this news letter.
We just wanted to share some good news with everyone.
Our blog was updated last night with our latest trading performance. We made awesome profit last week that gave us great confidence to add more intraday trades to our portfolio. If any one of you are into futures trading, don’t hesitate to contact us to get pre-market reports and trading ideas.
We are glad to inform our members that GloTrade is online for 4 weeks now and our website never had any down time, not even for a single second. Thanks to our web server providers. We hope that it continues the same way.
We have 300 members now and we are pleased with the growth of GloTrade. We are not in a hurry for more number of members as we are confident that GloTrade will grow (and glow) slowly and steadily for a long run.
As promised, we have decided to start a promotional Referral Contest for our members.
The first Referral Contest starts Monday December 7, 2009 and ends on December 14, 2009. We are going to pay $100 for the first 3 winners.
1st prize: $50, 2nd prize: $25 and 3rd prize $25.
You may get the referral contest and the top referrers information at http://glotrade.biz/refcontest.php
That’s all the news we have for this part of the week. If you do need any other information, please contact us.
Regards. GloTrade.”

AimTrust (reviewed here) is now offering an option to deposit into any of their plans (0.5% for 30 days or 1.2% – 2.1% for 270 days) by using a Bank Wire. I remind you that this method was active before but it was only available for verified members. But you should admit that it’s kinda risky to send some sensitive information including utility bills and passport scans to an online HYI program which are of a semi-legal nature in most places. So I guess that was the main obstacle to the members of AimTrust willing to participate in the program and invest not only via LibertyReserve and PerfectMoney but also via the Bank Wire method which seems to be a more legitimate way for many investors. So from now on you can do it and AimTrust sent out a newsletter regarding this option today:
“We’re glad to inform you that starting from this very day you may send deposits via Wire Transfer without verification. Now, every member may invest and receive income through bank wires.
Modern system of wire transfers – is a broad network of banks and affiliates in many countries of the world; with the use of it, you may send money in different currencies, including electronic monies, almost to any city of the world.
AimTrust continues developing and bringing good yields to the members.”

AbisMoney (reviewed here) put a reminder on their site that they are not processing payouts during weekends and that the next batch of payouts is scheduled for tomorrow. Here is the update:
“Please Note! We fulfill payouts business days only, Mondays to Fridays!! Our next payout will be Mon. Dec. 7th. Have an enjoyable weekend.”

Unfortunately I was right yesterday in my assumption about the pending closure of both WiredMoney and AlivaFund. Both programs just finished unexpectedly on Saturday by delaying payouts at first but now are officially scams. So what happened and why are such promising short-term programs like WiredMoney and AlivaFund ending like that before even the first cycle of payouts was completed. I guess it has something to do with the scamming mood that seems to take hold of so many admins of short-term programs opening during the festive season. Yes, they need money to celebrate and that’s the reason they scam fast. However, another reason is the hit-n-run mood of the investors who are aware of that dangerous period but still try to make some money in a desperate attempt to earn more for celebrations of there own. Of course, it doesn’t mean that there is no possibility to earn some money in short-term programs because some of them are still paying ok (take RosalinFinance or RichAliens for instance). It just means that the general percentage of scams will be higher during this time compared to the other eleven months of the year. I therefore suggest to stick with proven low-ROI programs like GoldNuggetInvest (reviewed here) or GeniusFunds (reviewed here) and keep 80%-90% of your investments in them. Don’t play with over 10%-20% of your investment portfolios in short-term games this month and by the beginning of the new year you should be alright!

Saying that, I still have to warn you about another program that lasted for over six weeks already but is seemingly on the brisk of collapse now. I’m talking about LogicProfit and I advise you to stop investing in it. Today I received a couple of bad reports from my readers (my thanks to them for that) stating that they were not paid yesterday or today from the daily plan. Of course, I will try to contact the admin first for the explanation but I still think that it’s dangerous to leave LogicProfit in Paying status on my monitoring page so I will move it to Paying selectively status until those readers are paid in full. The first warning sign of the pending collapse was spotted a couple of days ago when the admin offered some one-time bonus for all the investors in three longer-term plans. That meant just one thing to me: LogicProfit urgently needed some money to pay the older investors. At that point, the situation could be saved though if the program received more deposits but at this point of selective payouts and the first bad votes on monitors and forums I believe the days of LogicProfit are numbered. It was sorry to see it go but I never treated it any more than a well-organized HYIP-game (like any short-term program by the way).

There are two programs I have added to my blog today. The first one is an autosurf with named SurfVesper. It’s offering one single investment plan of 9% for 15 days where you can request your payouts daily after surfing the required amount of sites (currently 15). The script being used in SurfVesper is standard Neversay script meaning you can purchase your upgrade in units of $1 (the minimum upgrade allowed is $9). The list of payment processors is quite decent for this type of program: LibertyReserve, PerfectMoney, StrictPay, SolidTrustPay and AlertPay so everybody should be satisfied. The SurfVesper site is hosted by HushHosting on a dedicated server which should be enough to sustain DdoS-attacks if they occur. The main page is quite original and it seems that the admin of SurfVesper has some good plan how to sustain the payouts in his program. Well, I’m not sure if that’s achievable during this Christmas period but we will wait and see. At least it’s not an annoying statement about many years experience in ForEx trading again. Please just treat SurfVesper as a straight-forward game with some chances for success like many others. Of course, much will depend on the admin’s personality here so we will see how he’ll handle his program. I will possibly review the program on my blog by tomorrow so stay tuned for that, guys!

The second program is a short-term one with a 10% for 12 days plan with daily payouts and 12% for 12 days with one-time payout paid on expiry. The program is called CruiseFunds and it just started a few hours ago. You can deposit into CruiseFunds in both plans starting from $5 and in multiplies of $5 (the program’s using Neversay script) via the following payment processors: AlertPay, StrictPay, LibertyReserve and PerfectMoney. CruiseFunds is hosted on a dedicated server from DdoSWiz which should protect it from any possible DdoS-attacks. The description given on the program’s main page only briefly mentions that their mission is to help their investors to gain a stable rate in return and create stable profit. Well, I can state for sure that their main mission is to gather some fast easy money for Christmas for themselves but if you like such games as CruiseFunds here is your chance to try your luck. The program just started today and your chances to be in profit from the daily plan which I joined myself are good enough. The review of CruiseFunds will follow on MNO soon so don’t miss it out!

The programs that paid me for the last 24 hours are: TalixMetals, ArbsFund, RichAliens, PTVPartner, CedexInvest, GeniusFunds, KobelCapital, NanoMoneyCorp, RosalinFinance, OneDailyPro, RefMotor, AtlantisMutual, CSMFinance, GloTrade, MandarinInvest, FinanceNova, Verifield, XagaEnterprise and EcosystemFunds. See you on my blog tomorrow with another review and the latest news from the Industry, guys!