Hi everyone! Despite a quiet couple of weeks in the industry I’m still being kept busy enough on MNO and have a couple of new programs to examine in closer detail for you between now and the end of the week. And though it’s been a slow enough day on the news front (I’ll be getting to the main stories as always in just a moment) before we move on to that I want to look at one of the most recent additions to my monitoring list called BonusPayMe. This is a low ROI program with quite a long investment term – longer than most HYIPs in fact but you are allowed to leave when you want to as I’ll explain – and quite an unusual system of bonus payments available for those making larger deposits.

So depending on how you want to look at it BonusPayMe either has six investment plans, or else just one plan with six variations based on how much you want to spend. There’s not much difference really. To be honest I have to say that the plans aren’t really that well explained, but then on closer inspection one can see that there’s really not all that much to explain about them anyway. In theory the investment term should last for two years, or at least that’s the official line from the admin anyway. After that you can collect your principal and leave, or else leave it in place and continue earning. In reality of course few investors are likely to want to stay with BonusPayMe for quite so long, so you’re free to withdraw from the program at a date more suitable to yourself. So for the sake of keeping things simple I’m not going to talk about expiry dates here. I’ll tell you about the accepted deposits and the interest rates that apply to them, and you can do your own calculations based on what you hope to achieve and what you think a program like this can realistically deliver.

Before we get to the more exact details of the plans however I need to explain the program’s early withdrawal policy. It’s quite unorthodox by HYIP standards and I feel it is very relevant to your total earnings so let’s have a look at it before we get any further. Basically you can as I said request your principal back and leave BonusPayMe at anytime. A 15% penalty fee will be charged. The unusual thing about it however is that this fee will only apply if you wish to leave before October 2013. It makes no difference what date you actually join the program, the fee does not apply after that date. Mind you I have to say without being negative or anything it is extremely ambitious to say the program will still be online at that time. I’m not saying it won’t (way too many have surprised us in the past to simply dismiss the idea) but let’s just take it one day at a time for now, eh?

You can join BonusPayMe for a minimum deposit of $10. For anything between that up to a level of $100 you can earn a basic rate of 1% interest per business day (that’s Monday to Friday only guys, so make sure to remember that) ostensibly for the next two years. Your money as I said is not tied down for that amount of time so it’s up to you how you play it after joining. But something you’ll find inside your members area to help you along is a handy little profit calculator that will be good for determining exactly how long you need to stay a member of BonusPayMe in order to reach the desired goal you have in mind. Of course with a daily rate of 1% it’s pretty simple to work all that out anyway, for example if you want to double your money you’ll need to stay a member for 115 business days (23 weeks) as that’s 115%in interest payments on top of your 85% returned principal. If you’re hoping for more or happy to get out with less then simply adjust your dates accordingly.

And that’s more or less how all the plans work with BonusPayMe, the only significant difference being that those prepared to risk a bigger deposit can expect to collect a higher daily interest rate. For instance if you spend anything from a $101 minimum up to a maximum value of $300 then the rate is 1.12% per business day. That will allow you to earn a decent but easily achievable rate 5.6% per week and, if this is what you want, double your money after 103 business days (just under 21 weeks) which is how long it takes to earn 115% interest and claim back 85% principal.

For deposits between $301 and $1,000 BonusPayMe are offering a rate of 1.22% interest per business day. You can do your own math to work out the various payment combinations and how long it takes to earn what, but I’ll just point out that you can earn 6.1% per week and allow you to double your money in 95 business days (or 19 weeks).

More serious investors spending between a $1,001 minimum and a $3,000 maximum should expect a daily interest payment of 1.33% per business day. That accumulates to 6.65% interest per week and (subject to the 15% fee) allow you to double your money in 87 business days, which is a little over 17 weeks.

So far the payments are both profitable and achievable. They get a bit more generous from this point on though BonusPayMe will have to do a lot more work in building investor’s trust before many people start spending bigger than that. For example they offer 1.45% interest per business day on deposits from a $3,001 minimum up to $5,000. That comes to 7.25% per week, allowing you to potentially break even after 80 business days (16 weeks).

And finally for the big spenders out there (what’s left of you anyway!) willing to deposit upwards of $5,001 BonusPayMe offer 1.58% interest per business day. That adds up to 7.9% per week and would, all things going according to plan, see you double your money in 73 business days (just under 15 weeks).

The admin says he has plans to expand the list of payment processors but for the moment I can only report that the list is frankly a little thin. Only LibertyReserve is taken for now though if that changes anytime in the future it will be reported here on my blog as well as reflected in BonusPayMe‘s section on my monitoring page. On thing that has received a little work however is the payment schedule. The admin has recently added instant payouts so once you make the request from within your members area you should have the profit payments in your e-currency account in under a minute.

Other than that I think the only other thing I need to mention about the plans is the presence of a low interest bonus scheme. Please note that this will apply only to active investors, so don’t think it’s enough to just open an account and sit back and collect free money. You’ll need to deposit first. And you’ll need to make a fairly large deposit at that – $1,000 in fact – if you wish to make any money worth talking about. Basically what happens is that you receive a $50 deposit bonus on which you will earn interest. This bonus is completely independent of your main principal and earns interest at a completely different rate. In fact the interest earned on the bonus itself is minimal, with the whole idea behind it not to pay free money to investors but rather to entice them into staying with the program a bit longer and investing more money. BonusPayMe only offer 0.01% interest per day on the $50 so you’re not going to get rich on that alone. The thing is if you want to withdraw the $50 you will need a minimum account balance of $1,000 before being allowed to do so. That’s the rule if trying to withdraw it between now and October 2013. After that BonusPayMe require you to have $300 in your account before allowing you to withdraw the $50.

BonusPayMe runs off a licensed GoldCoders script and is hosted on a dedicated server with support and protection by Koddos. The members area is also SSL encrypted for more secure transactions. For any further questions should you need the admin to explain anything for you further or for any account related issues you can contact the admin by filling out the e-mail ticketing form on the support form.

Texts seem to be mostly original but despite that are still predictably vague as to what BonusPayMe might be doing with the money gathered from investors. The usual HYIP suspects are listed of course, such as stocks, commodities, ForEx, sports betting and so on, but it’s up to you if you buy a word of it. Regular MNO readers will know what I think of it all anyway. So the usual rules apply of not getting too excited with the spending, set yourself a sensible limit and stick to it, and try to keep BonusPayMe as a smaller part of a wider more diverse portfolio.

DAILY NEWS FROM THE INDUSTRY

The current #1 program on the MNO Premium list – TopsFund (reviewed here) – announced the closure of its 21% for 5 days plan today. You might remember that yesterday this plan was replaced by another one paying 11% for 10 days (including your principal):
“Premium 5 Days Plans Closed
Premium 5 Days plan closed and not allow to invest as we already reached the investment limit.”
Other investment plans currently offered by TopsFund include 0.5%-1.5% daily forever (principal back after 18 months), 0.6%-0.7% for 300 days (principal returned on request), and 1800% after 360 days. Please note that the last one is not recommended because of its highly unsustainable nature and very slim chances to actually get paid in a year.

Last night a message appeared on the website of NeoProgress (reviewed here) about the temporarily disabled instant payouts. NeoProgress has been paying for eight full month already having reached the #5 position on MNO. It offers three investment plans with principal return on expiry – 1.5% for 30 business days, 1.8% for 60 business days, and 2% for 90 business days – where you can invest via all four popular payment processors (STP, AP, LR and PM) or bank wires. Current features and future plans of the program were discussed in my interview with its admin published here. So, now after eight successful months the payouts switch from instant to manual the question arises whether investors should be worried and if it’s some kind of warning sign which might signal a cashflow issue. In my opinion, the explanation behind the decision to disable instant payouts looks genuine and the security issues are something very real that need to be taken seriously by every admin. I should add that the NeoProgress admin also promised to enable instant payouts once again within the next 3 business days after the security threat is fully eliminated. Plus the fact that it was officially announced on the website leaves us with hope that everything will be taken care of soon. So, nothing to worry about about as the payouts are still processed pretty fast anyway. Here is the full update explaining the current situation:
“01/11/2011 – NeoProgress instant payments temporarily disabled
As you know within 8 months NeoProgress regularly paid to all customers instantly, but now due to strong hackers attack on our old payment server which started two days ago and is still ongoing, security department of NeoProgress has decided to disable instant payments, to avoid stealing the money of our clients.
Now, every payment transaction to withdraw money will be processed in manual mode, at this moment we are changing the payment server and strengthen protection against hacker attacks.
Please be patient because your money is in safe hands and now each payment will be processed by one of our three operators which will verify the IP address of the person who ordered the payout and will verify wallet to pay, by comparing it with the wallet was taken from the deposit.
All these measures have been taken only for high level security, after the new server will be configured and protected from hackers, we will enable instant payments again, it will happen within maximum 3 business days.
We apologize for the inconvenience, and manual payments, hope for your patience and understanding on all issues, if you have any questions please contact us by email support@neoprogress.com”.

The situation with VirtualPayments on MNO is still unclear. Although the program was moved to Problem status on MNO last night due to pending payouts outside the promised timeframe of 5 hours and replacing my monitoring button with a static image, this morning the admin changed the FAQ from 5 hours to 24 hours. Also I was paid for all my pending requests from VirtualPayments today and I received at least two confirmations from my referrals that they had been paid too. The admin also explained changing the monitoring image by some SSL-connection issues and promised this would not happen again. The only thing he failed to explain is why he created accounts on the major investment forums under my name to announce his program. Remember that I have no affiliation whatsoever with VirtualPayments and especially not its admin whose recent actions seem highly erratic, a bit weird, and extremely questionable for me. Therefore, I would still advise caution with VirtualPayments for the next few days. Even if the program keeps paying (it was just restored in the Paying status on MNO tonight) I will keep watching its performance for the last few days. I would ask from all MNO readers to please send me your payment reports from VirtualPayments during the next three days along with complaints if you have them. That will help me estimate if the program is worth keeping.

In essence I think communication with MNO readers is an integral and very important part of my work as a successful monitor. It’s from your personal experiences that I get information on programs and alerts about possible problems even if they continue paying me (as recently happened with ViscoCorp and UnitrustDirect) and it’s from your suggestions and appreciation of my work I find the driving force to move forward and keep working despite that many are not so comfortable with what I have to say. I know I’m not conventional, I am not a conformist, I always have my own opinion, and I always try to protect the investors’ interests and not the admins’ provided I have accurate and verifiable information that I can personally vouch for. I guess that is why some HYIP collaborators and apologists dislike me so much, trying to cover their own activities by changing the subject and shifting the blame all the time. Well, let me tell you one thing – anyone involved in the HYIP industry is promoting ponzies whether they care to admit to it or not. But it takes real guts to sacrifice a lucrative personal payment and move a program to Problem status if you have just one verified complaint that you take the trouble to independently research and prove. But make sure that I won’t compromise my honesty and integrity among my readers and will never put my interests before theirs. Any program admins who think selective payouts will be ignored are not welcome on MNO and any proven case of treating an investor like rubbish will be named and shamed. I’m cover Paying programs on my blog which means an admin must pay every investor every last cent they are owed and NO exceptions. Otherwise his program is listed as a Scam and dropped as soon as I can confirm the situation. Remember only Paying programs are allowed to advertise on MNO and Not Paying programs can go to plenty of other websites to be protected and have the people they stole money from described as liars. But if you don’t listen to my advice and still invest in a program proven to be paying selectively do not come to me later complaining. Take it up with the person telling you that a proven scam is still a safe place to invest. I’m in this industry for a lot of years now and have nothing to prove to anyone, certainly not my integrity, and when so many websites that made such an effort to be enemies with MNO have either been closed or their owners sold them, I’m still here. And believe me I’m not going anywhere for a long time despite what some self-proclaimed experts have to say about me or my methods. And yes, I mean UnitrustDirect and ViscoCorp once again – they are proven scams, their admins are cheaters and liars, and anyone defending them in any way is either an idiot or a collaborator. Stay as far away from them (all of them!) as possible, because it will cost you money if you don’t!

I must say that I was very surprised that the new Sticky listing on MNO which only started last night is getting so popular so quickly. There are already three programs listed there – BonusPayMe, KistFunds and VirtualPayments. I don’t know when the prices are going to increase but I guess that will happen sooner rather than later and the introductory price might be scrapped within the next few days. Admins who want their programs listed on top are welcome to do it for the discounted price and be more visible on my monitor. I hope that with time Sticky listing on MNO will become synonymous with serious and professional admins.

Here is the list of the HYI programs that paid me today and maintain Paying status on my monitor:
BrantonsGroup, ReProFinance, BonusPayMe, VirtualPayments, PerfectLottery, KistFunds, HyperCompound, RapyWealth, SapaInv, SingInvest, FelminaAlliance, BaseBucks, TopsFund, OneInv, NeoProgress, EurexTrade, PokerProfits, StableProfit, FinMarks, WorldwideCapital, GlobalFxTrades, LightWaters (the first payment received) and FreedomReserve (the first payment received).

The newest addition to my Premium list tonight is another brand-new short-term program called WebCorporate. It just launched today and offers multiple investment plans with payments on expiry via LibertyReserve and PerfectMoney. Deposits start from $10 and investment plans include 105%-130% after 1 day, 116.5%-300% after 3 days, 148%-700% after 8 days, 197.5%-1500% after 15 days, 3500% after 31 days, and 12000% after 60 days. Of course not all of these plans can be recommended and I will be discussing them in detail in a couple of days. Today I just wanted to tell you that the long-term HYIP players will undoubtedly recognize some familiar patterns in WebCorporate – a licensed GoldCoders script, fancy graphics with annoying music, SSL-encryption and hosting on a dedicated server by AntiDdos. Usually such programs can last from a couple of days to a couple of months, meaning anything can happen so proceed with caution. But if you want to try your luck in a fast game I believe WebCorporate is a good pick for you. More on that coming soon!

That’s all about all for today. Stay tuned for tomorrow’s review of FreedomReserve accompanied with the usual news from the industry. See you on MNO tomorrow, guys, and hope you enjoyed reading!