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

Hello all! If you were reading MNO last night you would have seen the introduction to Verifonds, which is a brand new HYIP that only started yesterday and went straight to Premium Listing on my monitor. Despite having just two plans they still manage to fit quite a bit of diversity between them so that’s an interesting aspect to the program. But maybe even more so is the fact that Verifonds is a medium term HYIP and as such I would say there’s definitely a gap in the market for a good one of those right now. Short term players left disillusioned by some recent scams but still not interested in long term programs might be particularly interested in this one, though anyone looking to diversify their portfolios should also take a second look and see if they like what’s on offer. You might, you might not, and the choice is yours. So before we get to the day’s news stories I want to take a closer look at Verifonds for you.

To start with, like I said Verifonds have laid out two investment plans for you to choose from, though keep in mind of course that there’s nothing to stop you joining both if you like. The minimum cost of joining is a little bit above the industry norm at the moment but nothing too outrageous either. The first of these is called The Verifonds Standard Plan and it can be joined for a $20 minimum deposit. In return for your deposit you can expect a daily interest payment for a term of 45 calendar days. The rate is 2.5% per day which adds up to 112.5% in total by the end of the term, upon which Verifonds will then return your principal. So it’s more than double your money.

In practical terms let’s suppose we make a $100 deposit in this plan (the maximum is $30,000 by the way). Verifonds will pay you back $2.50 every day for 45 days until you have accumulated $112.50. They will then proceed to add your initial hundred on top of that. You will break even (by which I mean earn an amount equal to your original deposit, making it impossible to be at a loss no matter what happens next) 40 days into the term.

On the face of it Verifonds second plan looks very similar, but there are some crucial differences. It’s called The Verifonds Premium Plan and it too runs for a duration of 45 calendar days. It will cost you a $100 minimum deposit to join so I guess it’s not quite for everyone, but still not too excessive either so they’ll get plenty of takers. In return for your money Verifonds offer a daily interest payment of 6.5% per day. That might sound like a lot but this is where we see the major departure from the other plan – because for this one Verifonds will not be returning you principal. They’ve already counted it as part of the payments. So by the time the term expires your payments should add up to a grand total of 292.5%, or a more accurate figure would be 192.5% profit plus your own money.

So to maybe give a better explanation of the difference between the two plans, let’s pretend you made the same $100 deposit in this one. For 45 days Verifonds would pay you back $6.50 until this adds up to $292.50. The final interest payment will be the last thing you receive from them as the initial principal is factored into the payments and not returned, meaning your profit is $192.50. You should have broken even 16 days into the term and everything picked up after that is pure profit.

There’s no real need to analyze the plans any further. It’s as plain as the nose on your face which one is more profitable overall and which recoups your original principal faster. It’s a simple matter of whether you can afford the high minimum or not, and if you can afford it whether you think it’s worth the risk.

As for the payouts, something I feel that will definitely attract a lot of investors is Verifonds list of payment processors. All the main ones are there, including AlertPay, LibertyReserve, PerfectMoney, plus SolidTrustPay which adds to the appearance of quality. Payments are made manually by the admin so you’ll need to log into your Verifonds members account area and request them. Once you’ve done that you’re required to allow them up to 24 hours to complete the transaction.

Verifonds is running off a licensed GoldCoders script and is hosted on a dedicated server with support and protection provided by Koddos. For any further questions or account related issues you can get in contact with them by filling out your details on the support form on the contacts page and submitting it.

As for the content of the website and the alleged business activities backing the whole thing up, well, it’s a typical copy/paste job. The very same texts have been used word for word by numerous other online HYIPs in the past. Now, of course I know that experienced industry players will know this anyway, but for the sake of newbies I should just remind you to ignore whatever you read regarding this on the Verifonds website. I mean there’s not necessarily any connections between them and any other HYIP as this is more down to the designer than the admin, but don’t go looking for something that isn’t there like no-risk offers or guarantees. It’s an online HYIP and has a certain risk attached, so as always set yourself a sensible spending limit that you can comfortably stay under, and if joining Verifonds than it’s best to use them as part of a wider more diverse portfolio.

DAILY NEWS FROM THE INDUSTRY

There’s not really all that much to report today as all the programs listed on MNO keep paying fine and hopefully that means that we are witnessing the recovery of the HYIP industry after yet another crisis. Well, there’s always ups and downs in this ever changing world of risky online investments and in this particular case no news is good news. I still have some small pieces to update you on your favorite programs but will do it very briefly. Call it a newsflash if you like, lol!

NEWS IN BRIEF

Investix (reviewed here) is planning a cash contest on MNO Chat and you have a chance to win some prizes if you’re smart and fast. For more details on the upcoming contest please keep checking MNO more often as it’s sort of a work in progress and the final details are yet to be decided. An official announcement will be coming very soon. Investix is a program offering instant payouts to LibertyReserve and PerfectMoney to investors joining its 5%-7% for 25 calendar days plan.

BensonUnion (reviewed here) has extended its top banner on the MNO monitoring page for another month. This way the admin of the program Ragnar kept the promise he gave in the exclusive interview posted on MNO (click here to read it) and calmed down some investors who were asking me about it. BensonUnion pays 1.2%-2.45% for 170 business days returning the original principal on expiry and processing instant payouts to both LibertyReserve and PerfectMoney.

MyDiamondShare (reviewed here) was having some technical difficulties yesterday and some members were pretty concerned about the fact they couldn’t access their account and withdraw. The admin was pretty fast in assuring me that everything was under control and that the issues were caused by essential maintenance for installing some new payment methods. And really, the website went back online soon after that but I didn’t notice the new payment processors offered yet. MyDiamondShare still accepts only AlertPay, LibertyReserve and PerfectMoney on the following investment plans with principal returned on expiry – 1.4%-1.6% for 150 business days, 2%-2.6% for 180 business days. The maintenance obviously affected the daily earnings which were not credited to members accounts yesterday but the admin promised to rectify the situation soon (today’s payments were processed as usual):
“Earning Issues
To all investors
Today we received some emails about yesterday missed earning, problem occur because of server maintenance.
Our tech team is working on this problem and it will solve very soon.
We really appreciate for your patient”.

ALERTPAY – FURTHER EXPANSION IN BANGLADESH

I am aware that this latest news from AlertPay might be not be of much interest to the HYIP audience in general, however, for many Bangladeshi people they will be pleased to know about the mobile banking initiative that was launched by Bank Asia in collaboration with AlertPay which should further strengthen the AlertPay presence both in Bangladesh and in Asia in general. Here is the details on how the expansion of AlertPay services in Bangladesh will positively affect the local economy and the banking sector taken from their official blog:
“Bank Asia Officially Launches AlertPay‘s Online Payment Services to Bangladesh
Bank Asia officially launched its mobile banking initiative made possible by AlertPay’s online payment services on March 15, 2012, in Dhaka, Bangladesh. Top officials from the country’s banking sector and from the government gathered to learn how the Bank Asia-AlertPay partnership will bolster the economy by providing Bangladeshi freelance IT workers with the ability to receive international payments, conveniently and affordably, directly transferred into their local bank accounts.
Anir Chowdhury, policy advisor to the Prime Minister’s Office, explained that close to 10,000 IT freelancers in the country, earning up to $8M a year, have not had a convenient and cost effective way to receive international payments locally. With AlertPay’s new local bank transfer withdrawal services, Mr. Chowdhury stated that AlertPay will revolutionize e-commerce in Bangladesh.
The Governor of Bangladesh Bank, Dr. Aitur Rahman, inaugurated the event. Thanks to Bangladesh Bank’s initiative, BEFTN (Bangladesh Electronic Funds Transfer Network) enables Bangladeshis to transfer their money to any branch of any bank in Bangladesh. “Bangladesh Bank is working to build up an IT-based modern banking system to restore stability in the banking sector,” Dr. Rahman explained.
Bank Asia chairman, A. Rouf Chowdhury further detailed the effect the bank’s mobile initiative and AlertPay’s services will have on the country. “We are working relentlessly to reach the banking services to the doorsteps of the people countrywide as 85 percent of the total population is out of bank service…. How much will profit is not the main objective of the bank. We really want to take services to the people,” he explained.
Md Mehmood Husain, President and Managing Director of Bank Asia, stated that the bank’s partnership with AlertPay will deliver the easiest and most affordable global bank transfer withdrawals ever available to Bangladeshis. “We hope that this [initiative] will help induce the potential freelancers to work earnestly and encourage other talents to venture for such freelancing, thereby increasing the inflow of foreign remittance [into the country],” Husain explained.”

GET PAID REPORT FOR 21/03/2012

Here is the list of the programs from my monitor that paid me for the last 24 hours:
From MNO Sticky list: HoldingsTrade.
From MNO Premium list: TopsFund, NewGNi, Royalty7, OneInv, EurexTrade, GeniusVenture, BensonUnion, ProfitableSunrise,  SolidForexLtd, FelminaAlliance, VascoForex, PlexCapital, SilverStructure, ENR-G, MyDiamondShare, Investix, MoneyEra, DividendService, FreedomTradingLtd, Verifonds.
From MNO Standard list: PanamaHedgeFund.
From MNO Basic list: RoyalMiracles, UFOWin, AmbrianInvestment.

That’s all I have to report on tonight, guys. Stay tuned for more news and events from the HYIP industry tomorrow and take note that I have installed a Google translator on my blog page to make it more accessible for my international readers who will be able now to translate the entire blog into their own language with one click of the mouse. The Google translator button is available in the right sidebar under the second tower banner and Alexa ratings. Feel free to use it and see you very soon! So long, folks!