Beware! PaidJack has stopped paying! Do not invest!

Hello everyone! As another week comes to a close I hope you’re all looking forward to a nice weekend, and again especially to US based readers I hope you’re all enjoying the holidays. And if it’s all a bit stressful for you then don’t worry – Monday will roll around again soon enough! Anyway it’s a slow finish to the week in the HYIP industry, however something you may be interested in is the following interview I received from the admin of PaidJack. That’s a program that some might say is long term but I don’t really feel that’s an accurate description. Rather PaidJack is one of those programs with no expiry date, so you decide for yourself when you want to leave making it a short, medium, or long term program depending on your personal preference.

PaidJack has been something of a slow burner up until now but it has gradually worked its way into a lot of portfolios over the last two and a half months since opening. There’s just one simple plan that applies to all deposits regardless of size, and it offers a weekly payment of 7% interest paid until such a time as you would like to ask for your principal back (subject to a 10% levy) and leave the program. The admin’s name is Wayne and if after reading his interview you would like further information on PaidJack then you can start with the review first published on MNO here.

“1. Hi Wayne, please introduce yourself to the readers of MNO and tell us please about your own involvement in PaidJack.

I am Wayne Harvey, CEO and founder of PaidJack. I’ve been involved with short to medium term investments for quite a long time now and I recently decided to scale up my investments level by opening my program to the general public.

2. Can you give us some background information on PaidJack? How many others are involved with the program or are you operating alone? How long have you been online?

We have been online for over two months now and there are four people in the team, I’m taking care of payments and account problems, there are two people taking care of customer support, both in English and French, a programmer who does regular checks on our script and a designer who’s always ready to provide what we need.

3. What plans are available to investors in PaidJack? Explain them in detail to us. What ROIs are on offer. What are the minimum and maximum amounts to invest?

PaidJack is a unique HYIP based on real investments and our only plan pays 7% a week.The minimum investment is only $20 and there is no maximum. Multiple investments are also allowed. Members can request their principal back at anytime by paying a 10% fee.

4. What payment options are you accepting at the moment? Do you offer or plan to offer instant payouts to members, and why?

We accept AlertPay, LibertyReserve and PerfectMoney. We don’t offer instant payouts at the moment, all transactions are verified manually and withdrawal requests are paid within 24 hours.

5. How secure is the website of PaidJack? What are you doing to protect it and members’ accounts from hackers? Are you on a dedicated server? Who is your host? What kind of anti-DDoS protection do you have?

We are on a dedicated server with ultra high anti DDoS attack protection from Staminus. Safety is one of our main worries as HYIP sites are a constant target for hackers and thieves, protecting our members personal information and money is very important for us.

6. Recently you suffered a data-base crash, correct? How did this affect the business? Can you explain first of all what happened, and then how you recovered? Also should PaidJack members be worried about this happening again? What have you done to prevent it from happening a second time?

We were in the process of changing some of our server settings and we ended up reseting our database by mistake, all information on accounts and deposits was lost. We asked our investors to join us again and send us their deposits information, we checked all transactions in our payment processor’s history and added the deposits and missing earnings. We learned a lesson the hard way and we are now doing backups of our database at least once a day to prevent this from happening again, there’s no need to worry about it from now on.

7. Can we see any statistics regarding the site? How many members have joined since the beginning and how many are active at the moment? Are you pleased with the support from the members so far? How important a role do they play in bringing in new members?

We have 1100 registered members now and about 70% of them have active deposits. We are very satisfied with the results so far, PaidJack is growing in a steady way and the response on forums and blogs has been very positive, specially after our database crash, we could have ran away but we decided to work hard to keep our program online. We have some very serious promoters with PaidJack and they are bringing in lots of new investors.

8. How can members contact you if they have any questions or support related issues? I see that yours is one of a growing number of programs using Facebook now. How important is this, both to PaidJack and to the HYIP industry in general, and exactly what use are you making of them?

We offer support through e-mails in both English and French and our site also has live help, one of our staff is online several hours a day. Facebook is a great way to add a personal touch to the program and communicating with investors over there has been very pleasant, we can see who our investors are and they can learn a little more about us too.

9. What have been the most common questions and problems you’ve had to deal with so far? Is there anything you wish to say here so that members can avoid having to contact you later?

Many people contact us asking if they have to pay a fee when they request their principal back, it is stated in our site that a 10% fee must be paid when requesting the principal. Other than that, we received many compliments and people asking how serious we are, many people contact us only to see if they get an answer and that is not a problem at all, we enjoy talking to our investors.

10. How have you been promoting the program so far? What advertising strategy have you been using? How are you getting new members to join?

We invested a lot of money in advertising in the past few weeks but the best advertising we can profit from is mouth to mouth advertising, members who are in profit will tell others about it and PaidJack will grow in a healthy way.

11. Traditionally there’s a marked downturn in the online HYIP industry around this time every year. What are your own feelings on this, and how do you intend to protect the interests of your program and its members while there’s a lot less money in circulation and new members are reluctant to join anything?

We knew that before we opened the program but we prepared to face this, our investments are generating much more profit than what we offer to investors so we can keep our program balanced in case of a slowdown in deposits. Our activities will go on as usual and I don’t see any problem with our investments strategies anytime soon.

12. Finally is there anything else about the review you would like to comment on? Anything you felt was unfair, mistaken, and that you think needs to be clarified?

We are trying to spread the word about PaidJack in several blogs and forums to reach a big number of investors but only time will show them whether they should join us or not. We are very serious about what we do and we are sure people will notice and help PaidJack becoming a very big project very soon. Thanks a lot for interviewing us!”

And thanks a lot to Wayne for agreeing to be interviewed! Best of luck to him and especially to the members of PaidJack in what has traditionally been a very testing time for online HYIPs.

I don’t have any important news for today, so I’d like to wrap up today’s post by introducing a new program that was added to Premium listing on MNO late last night. It’s called EVBusiness and it’s launched just three days ago. Before going any further I would like to mention that for some as yet unknown reason there is strong speculation floating around that the same admin of EVBusiness might be responsible for such fast scams as Divatri and PreMoney and better known by the name Ali Al-Jibouri, a well-known racist and scammer and perhaps the single most despicable person to ever grace the HYIP industry. And guys, that’s a long list of names! However, I was not able to verify this and saw absolutely no evidence to back it up. And unless I get more information by tomorrow, when I’m about to review EVBusiness on MNO I will treat it as any other program and those accusations will remain just a rumor. Anyway, the program pays a 2.8% fixed daily return within a period of 60 calendar days. The interesting thing about that is you can claim your principal back either on expiry or any time you like during the term, so you’re the one in control of your investments here. Please note that EVBusiness accepts LibertyReserve and PerfectMoney deposits (along with Bank wire and Credit cards) starting from $10 and the withdrawals are made instantly to both payment processors. Principal withdrawals are also promised to be done instantly. EVBusiness runs off a licensed GoldCoders script and hosted on a dedicated server with SSL encryption. Other features include its own integrated blog, extended FAQ page, Twitter and Facebook accounts, and phone support. More info will be in tomorrow’s review. For now I will just publish the first post from the program’s own blog that was made straight after launching:
“EVBusiness Goes Online.
We would like to welcome you to the EVBusiness official website. With over six years of offline business in the United Kingdom markets. In response to numerous requests from our existing clients, we moved our business online for giving ability to the international customers to use our services easily. In order to understand the structure of EVBusiness and the services we offer, we recommend all of you to read our web pages. We do our best to meet all of your needs, We are using the latest technologies of the world in order to guarantee your investment from all sides and now we are proud to say this is the safest place that you can find on the internet. If you have any question, please feel free to contact us by using one of the support methods. Our support staffs will be available 24 hours a day to help you. Your inquiry will be received, immediately proceeded and you will receive the answer in less than 12 hours.”

That’s all I have for you today, guys. I hope to see you on my blog tomorrow with all the news from the industry, so stay tuned for that!