06/08/2012. 711Finance Review and Daily News from the Industry

Beware! 711Finance has stopped paying! Do not invest there!

Hi everyone! Hope you all had a nice weekend. To kick things off for the new working week I want to start with the latest addition to the MNO monitoring page, which is a program called 711Finance. Not exactly a brand new program mind, but nevertheless after two weeks online it’s one with plenty left in the tank to comfortably see out a respectable number of cycles provided it’s being managed properly (which I don’t know for sure, but suspect that it is).

When it comes to the investment plans, 711Finance only has the one. I’m tempted to use the phrase “tried and tested” here, but that wouldn’t really be the case. Quite literally hundreds of programs have offered the very same thing as 711Finance over the years, some of which have been dismal failures and others which have been absolute runaway success stories. What is the case however is that investors are being offered has traditionally been popular with online HYIP players. This time however the admin has come up with a fairly unique spin on it to make it a bit more enticing and hopefully help keep the interest in the program a bit more enthusiastic.

So basically you can join 711Finance for a minimum deposit of just $7. Once you’re in the pan then runs for 12 calendar days, making daily interest payouts to the tune of 12%. Your initial principal is already counted as part of those payments and so will not be returned, meaning that you are left with a grand total of 144% of whatever you started with in the first place. The maximum deposit is $11,000. What that means in monetary terms is that for a $100 investment 711Finance would pay you back $12 every day until you reach $144 twelve days later.

Sounds pretty simple and nothing we haven’t seen in the industry before. Except that in this case you are also offered a 24% bonus to sweeten the deal, but in order to claim it it’s compulsory to re-invest for a second cycle. This is how it works:
After you make your initial deposit into 711Finance it all works like a regular HYIP. You make a deposit, you make your withdrawals, and at the end of the cycle we’re finished. You may wish to join again for a second round, or you may not. The choice is yours. But what 711Finance are offering to encourage you to make a second deposit is a 24% bonus payment based on the size of your first deposit. You will then receive that bonus on expiry of the second cycle. You do not necessarily need to wait for the first deposit to expire before making a second one by the way. You may do it the following day if you want.

Let’s say that you make a $100 deposit for your very first investment. There will then be a $24 bonus set aside for you. In order to claim this bonus you must make a second deposit and then wait for that one to expire. The size of the second deposit is unimportant as long as it’s for at least the $7 minimum. When that cycle come to a close at the end of another 12 days, then you can claim the $24 bonus generated by your original deposit when first becoming a 711Finance member.

Even if you wouldn’t normally be a fan of shorter term HYIPs there’s no way you can deny what’s clearly going to be seen as a very lucrative offer by many investors is going to encourage them to try a second round with 711Finance‘s plan. I just hope that that, coupled with the 12% referral commissions being offered won’t put too much of a strain on the program’s cash flow. Apart from that I have to say that payment options are a bit thin to say the least, and even up until very recently only LibertyReserve was accepted. They have now been joined by PerfectMoney but to be honest that’s not much of an improvement. Nothing wrong with PM by the way, I just mean in terms of choice. Payouts are made manually by the 711Finance admin and so will need to be requested from inside your member’s area. Once done you are asked to allow up to 24 hours for the transaction to be completed.

Things fare a little better when we look at the design and technical aspects of the site. For instance 711Finance are SSL encrypted for safer browsing, and are running off a script licensed from ProBizScript. Hosting is on a dedicated server with support and DDoS protection by Koddos. One of the stronger features though that you rarely see elsewhere in the industry is the communication. 711Finance have a Live Chat feature which not only works which is a rare enough occurrence in the HYIP world but even offers 24 support seven days per week. So if you have and questions or account related problems you can probably find an operator ready to help you out any time. Otherwise you can either mail them directly at one of the email addresses listed or else fill in the online ticketing form on the contacts page and submit it. You’ll also find 711Finance using the popular social networking sites like Facebook and Twitter. Also included is a handy built in calculator that will help you work out just how much you could potentially earn from 711Finance, as well as a detailed list of recent statistics on the program, information like recent payouts, latest deposits, and things like that.

Not that they give you any useful information in the first place anyway, but texts are a copy/paste job used by other HYIPs in the past. No big deal to me, no real interest to most experienced players who know what the HYIP industry is all about, but for the benefit of anyone coming into the business for the first time today you should really be skipping this. Whatever is claimed by these things is never backed up with any kind of proof, and 711Finance are no exceptions. They’ve certainly got a clever marketing plan and I think the whole thing has probably been very meticulously thought out, but that’s no reason to break the number one rule in this industry which is to protect your own interests first at all times. You start by setting a strictly enforced spending limit that is affordable, and if joining 711Finance trying to keep it as a smaller part of a wider more diverse portfolio.

DAILY NEWS FROM THE INDUSTRY

IVECON – EGOPAY ADDED

Ivecon remains at the forefront of experienced investors portfolios by adding more features and continually enhancing their appeal to current and future clients. Recently there were two important updates worth mentioning featured in their latest newsletter issued today. I recently told you about the translation of the website into two more languages making it seven professional translations which is quite rare in the HYIP industry but at the same time efficient and appeals to the widest possible audience. The second thing mentioned is the addition of the brand new payment processor EgoPay to Ivecon‘s list. Now all the most popular options are covered and anyone who has at least $20 in their SolidTrustPay, EgoPay, LibertyReserve or PerfectMoney accounts can make a deposit in Ivecon now. For LibertyReserve and PerfectMoney both USD and EUR currencies are accepted. But that’s not all either – withdrawals to all the payment processors are processed instantly which makes Ivecon even more appealing. What of the investment plans offered by the program you might ask? Well, in a nutshell, they pay 1.2%-2.6% for 150 calendar days with the original principal returned on expiry. If you wish to read more about Ivecon which becomes more popular by the day you can always refer to the detailed review of the program published on my blog here. This is the latest newsletter from the admin:

“EgoPay addition and other news
We are pleased to inform that we have added new payment processor to our site – EgoPay. It comes as a replacement for Payza for making investment related payments since Payza has recently prohibited such kind of payments. EgoPay can be funded instantly from Payza and offers withdrawals to Payza as well as exchange to other currencies via certified exchanges. Please check their website for more information http://www.egopay.com . So we now support 4 payment processors: Liberty Reserve (USD and EUR), Perfect Money (USD and EUR), SolidTrustPay and EgoPay. All deposits and withdrawals are fully automated for all 4 payment processors.
In addition to previous site translations we made earlier we have added 2 more translations and our site is now available in 7 languages: English, Spanish, German, French, Russian, Indonesian and Chinese.
We hope for our continuous and beneficial cooperation.
Best Regards,
Ivecon Support Team”.

APROFIT – EXCEPTIONS FOR INSTANT WITHDRAWALS

AProfit (reviewed here) is yet another famous HYIP paying instantly to three payment processors – LibertyReserve, PerfectMoney and SolidTrustPay. Unlike Ivecon though, AProfit offers shorter term plans where one can profit much faster – 10%-20% for 15 days, 250%-500% after 30 days, 3000% after 60 days.

In the latest newsletter the admin Denise mentions the only four conditions on which instant withdrawals might not get processed and returned to the member’s balance to be withdrawn at a later time. All four reasons are perfectly reasonable and I have encountered them myself once or twice in the past. Otherwise, all payments have been processed instantly. Of course that is not applied if we’re talking about incorrectly submitted account numbers in your profile. So please double-check they are right before requesting your withdrawal from AProfit. Here is the latest newsletter containing this important information from Denise:

“About Instant Withdraw Again
You all know that we are always paying instantly. But everyday we can find several pending withdraws. We think the following reasons may cause your withdraw pending.
 1. Your E-currency account number is not filled correctly.
 2. The E-currency website does not work.
 3. The API system of E-currency does not work.
 4. Unknown system errors.
We will return your pending withdraws back to your account balance. Then you can try again to get paid instantly. And if your e-currency account number is not filled or incorrect, please contact us to edit it.
Best Wishes
AProfit Team”.

INFLEXCAPITAL – FIRST RESULTS OF THE FIRST MONTH ONLINE

InflexCapital recently celebrated its first month online by posting the long anticipated interview on MNO (click here to read it) and issuing a newsletter regarding this important milestone. Of course one can always say that one month online is not such a huge deal to brag about because with 2%-4% for 22 business days with principal return on expiry InflexCapital has only finished the first investment cycle. Although that gave profits to the first investors and I believe that returning principals is an important test for any serious admin who is determined to move his program further and take it to a new level. I believe that Andrew, the admin of InflexCapital, is striving for excellence and I hope that as he mentioned in my interview he’s going to have something up his sleeve to pleasantly surprise his investors in the long run.

The latest newsletter from InflexCapital (reviewed here) mostly concentrated on the achievements of the first month online such as Live Chat and support ticketing systems, MNO’s Premium listing, and the acceptance of SolidTrustPay which is now taken along with LibertyReserve and PerfectMoney. In view of the first deposits expiring Andrew also promised to waive the 5% fee which applies to all principal withdrawals to any member wishing to reinvest the principal back into the program. I must say that is a smart move which will prompt many to at least think about staying with them for longer. Another smart move would be to move the Sign Up link to a more prominent position on which the admin is currently working too. You can read more about that in the latest newsletter from InflexCapital in full below:

“One Month Anniversary!
Dear InflexCapital members,
We are finally one-month old! We have finally crossed our first milestone without any major hiccups, and please indulge me in going over some of the things we did in the first month online.
We added a new LiveChat button that allows you have a live conversation with one of our support staffs; we hired several new support staff for our group to handle the incoming tickets, as well as live chat requests; we added a new Support Ticket system; we had our first 200th active member just a few hours ago; we’re finally listed on MNO’s Premium Listing and we just moved up to the 16th spot yesterday; we threw in a nice $1 promotion for the first time; we had 0 downtime this entire month; we added SolidTrustPay. Wow, that was a mouthful! Looking back, we had certainly achieved quite a few things. Certainly, one could argue that most of those listed were not anything substantial. The way we look at it, any improvement at all is great and that fits well with our ideal, which is to grow slow, and to grow strong. We’re building an empire here, and a strong foundation is infinitely important. Therefore, we would like to invite you to keep a closer eye on us from here on out because we will be needing your support, especially now that we are generating a lot more buzz and interests after our first month!
Moving on, I’d like to remind you that as the first deposits approach maturity, you can choose to either reinvest or withdraw it to your e-currency. Some investors asked what if they want to reinvest? Will there be a fee for reinvestment?
Well, as an added incentive for our loyal investors, we will waive the 5% fee if you choose to reinvest. To get the 5% added to your account, please send us a support ticket, and we will add it to your principal as soon as we can. This is NOT a limited time offer, so please do not worry about it.
In line with our spirit to keep adding new features to our site, we are looking to move the Sign In form to somewhere more visible so that you can log in easily. This issue was brought up yesterday by some members, and that it seems like a smart move for us — to place a login form somewhere visible so that investors can actually sign in! With that said, we are exploring various ways of placing the sign in form. We hate to move too many things around the site as we had already spent a huge chunk of time designing it. Therefore, please bear with us for a few more days while we figure out the best way to implement this.
Lastly, with the successful completion of our first month online, I’d like to personally thank all our support staff for their hard work. And not forgetting all our precious investors for bearing with us and giving us your opinions. Without your encouragement and support, we will not be where we are today. We will work harder this next month so that we can answer your expectations.
Have a great day and a great new week!”

DONALDSGROUP – CREDITING EARNINGS TUESDAY TO SATURDAY ONLY

I was promised an interview from the admin of DonaldsGroup by tomorrow, so hopefully will be publishing the interview with Frank (that’s his name) then. For now I would like to emphasize that despite the program being described in my review (click here to read it) as paying on every business day in fact the payments are credited from Tuesday to Saturday which is still five times per week, and possibly connected with some script peculiarities. I hope the developers will take care of this soon, and meanwhile the members of DonaldsGroup can still enjoy their earnings on two investment plans both returning principals on expiry – 1.6%-2.3% for 90 business days and 1.8%-2.5% for 180 business days. Here’s the mail from DonaldsGroup explaining:

“Earnings Crediting Issue
Hello all members!
It seems the interest crediting issue hasn’t gone away!
No worries, you will still earn 5 days this week, Tuesday-Saturday. It’s just that no interest is being credited on Monday’s for some reason.
But don’t worry! We only come back stronger and I will have the developer fix the bug or issue as soon as possible.
Thanks for your patience,
DonaldsGroup
Like us on facebook: goo.gl/LJn48
Follow us on twitter: @donaldsgroupcom”.

And literally moments before I was about to publish today’s daily news on MNO I received a hot-off-the-press update from DonaldsGroup about the cause of this mysterious issue as explained by the developer of Gotenks script which DonaldsGroup had been running off since its inception. Here it is:

“Issue Fixed
Hello again,
Sorry for mailing twice in one day, but let me explain the issue we had.
So earnings never credit on Monday. Here is the explanation from our developer: You get earnings AFTER 24 hours. So if you invested on Sunday, which is weekend, you are not supposed to get earnings on Monday. Instead, you will get your Monday’s earnings on Tuesday and get Friday’s earnings on Saturday.
I hope this clears things up, I will edit the FAQ page to explain this better.
Thanks, Frank
DonaldsGroup”.

ABSOLUTIVA – ADDING FUNDS TO EXISTING DEPOSITS FEATURE ENABLED

As you might read in my review of Absolutiva (published here) the program is running off a unique and customized script which benefits from the possibility to adjust it to the admin’s liking and add more features with time. That is definitely very important if an admin wants to satisfy the demands of investors asking for more flexibility on what they can do with their accounts and gives the program a sense of ongoing progress. The latest useful feature announced by Absolutiva today allows members to top-up their existing deposits without the need to open another investment. It’s particularly handy if you remember that the original principal is returned on expiry of both investment plans in Absolutiva – 1.4%-2% for 120 business days and 7.5%-10.5% for 30 weeks. So in any case you feel the need to top-up your existing deposit via LibertyReserve, PerfectMoney, PayPal or EgoPay and later SolidTrustPay (to be added tomorrow, according to the admin) you can do so without any hassle. I’m glad to see Absolutiva is improving and will keep make you informed on any more developments. The last newsletter from yesterday is below:

“Newsletter 8/5/2012
This email is to inform you that we have released a unique feature called “Add Funds”. This option will allow you to top-up your current active deposit rather than having to open a new deposit each and every time. This unique feature will allow your active deposit to reach the next investment plan quicker.
For more information on how to use this feature, please read this article: http://support.com/article.aspx?cid=13494&aid=21360
On a side note, we are expecting tomorrow to add Solid Trust Pay as a funding and withdrawal payment method.
Lastly, the Turing image inside the login slider panel was not working properly. We’ve fixed that.
If you have any further question or comment, please do not hesitate to contact us at any time.”

GET PAID REPORT FOR 06/08/2012

Here is the list of the programs from my monitor that paid me for the last 72 hours:
From MNO Sticky list:  AProfit, 711Finance (the first payments received).
From MNO Premium list: NewGNi, KISnP, OneInv, EurexTrade, ProfitableSunrise, BensonUnion, DividendService, FelminaAlliance, PlexCapital, EzyProfitHome, Ivecon, Finvance, SafeRisk, GeniusCapital, InflexCapital, DonaldsGroup, StockFunds, WestFinanceGroup, MutualAssets.
From MNO Standard list: UFOWin.
From MNO Basic list: GoldTradeFunds, OffshoreGain, WealthFreedomFund (the first payment received).

That’s all I have for you tonight, guys. Stay tuned for more on MNO tomorrow and remember that I’m working specially for you every day, so thanks a lot for all your testimonials you have submitted recently!