Hello everybody! Before the days news (which I can tell you has been a little busier than recent days) there’s one brand new short term HYIP that was just added to the MNO Premium List yesterday that I want to look at for you. It’s called HourHour and as the name suggests it’s one of those programs that pays its members interest on an hourly basis. I’ve monitored some similar programs in the past, not very recently mind and not very often either, but a couple nonetheless. It’s fair to say however that there’s been some fairly mixed results from programs like HourHour in the past, with some having quite respectable lifecycles. So let’s take a closer look at HourHour and what they have to offer you and see if you think they might be worth a gamble.

There’s two plans to choose from in HourHour. One of them pays you by the hour, and the other pays you on expiry. Clearly the only one that’s going to have any sort of popularity at all is going to be the hourly plan, and you can join that for a minimum deposit of $10. The term runs for 120 hours (which is five days) starting from the exact time you deposit. HourHour will then pay you back 1% interest on your deposit every hour for the term’s short duration. They’ll be counting your principal as part of those payments so don’t expect that to be returned in a separate payment or anything. By the time the plan comes to maturity then you should expect to have a total return of 120% on your initial deposit, or your own money back plus 20% net profit. There is no upper limit placed on how much you can invest.

To put that into monetary terms, let’s pretend you make a $100 deposit in this plan. HourHour will then start paying you back $1 per hour for the next five days, allowing to break even after 100 hours (which is already into the final day) and finish up with a total of $120 which is your original hundred plus an extra $20 on top for yourself.

HourHour‘s second plan runs for the somewhat longer term of 240 hours, though I don’t know exactly why they measure it in hours when it only pays you on expiry which is 10 days. The principal amounts are the same, i.e you can join for a $10 minimum deposit with no upper limit, and the payment made on expiry will already include your principal as part of it. The return, which is the same for every deposit no matter how big or small, is calculated at 150%. So that’s your own money back and 50% profit on top. To be honest I really don’t see HourHour getting a lot of takers for this plan, because when the alternative to waiting ten days for a single payment is getting paid every hour I don’t even know why they offer it. I mean under other circumstances and made by other HYIPs it wouldn’t be a bad plan by itself, I just don’t see it working here. But the choice is yours and at least the choice is there for you if you want it.

Something that’s vital for the success, and indeed even the day-to-day running of a fast moving program like HourHour is proper management of the payment system, and in this case I think the admin got it right. From day one he has all the popular processors listed including SolidTrustPay, EgoPay, PerfectMoney, and LibertyReserve. Something else however that’s just as vital to avoid making a program like this completely pointless is instant payouts. You simple have to have them or else there is absolutely no good reason and no benefit to investors to offer hourly payments. And so of course HourHour has them. You’ll still need to log into your members area and make the request, but once done you should have the money in your e-currency account within seconds. Just be aware that instant payouts are currently NOT available to members using EgoPay. Whether this will ever be available in the program’s lifetime I can’t really say, but without trying to diminish EgoPay in any way if the payments aren’t instant it really defeats the purpose of using them to join programs like HourHour in the first place. From my own experience however they are processed pretty fast, generally within a few hours in fact.

The HourHour website is running off a script under license from GoldCoders and is hosted on a dedicated server with support and DDoS protection by VistNet. SSL encryption is also in place for safer browsing and more secure transactions. If you have any further questions for the admin or any account related issues then there are a couple of different ways you can get in touch with them. There’s the usual online ticketing form where you fill in your details and submit via the contacts page, or if you prefer to get your questions answered in real time HourHour also have a Live Chat feature. You’ll also notice a telephone number listed if you care to try calling them there.

And that’s about it really. It’s all pretty simple and straight forward as you can see, and there are many examples of programs that offered similar returns to HourHour‘s running for a number of months. The thing about hourly payment HYIPs though is that the slightest glitch with things like downtime or delays in replenishing accounts/making payouts can kill the whole thing off very very quickly. Programs that pay 1% per day for 120 days for instance have the luxury of time to deal with any issues that come up from time to time, a luxury not shared by a program offering 1% per for for 120 hours. So if this is going to work as well as it can and live up to its possible potential the HourHour admin is really going to have to be on top of things all the time and no room for mistakes. Hopefully he has the right attitude and things will work out, but do remember that HourHour is no different from anything else you find in this business insofar as it comes with a very high risk attached. So remember to set yourself a sensible and affordable spending limit that you are committed to staying under and if joining HourHour at all then try to keep them as part of a diverse and well balanced portfolio.

DAILY NEWS FROM THE INDUSTRY

BENSONUNION – SECOND WEBINAR SCHEDULED

The admin of BensonUnion Ragnar (interviewed here) will be available for investors or just anyone interested in joining next Thursday when the second live webinar is scheduled. Please note that this webinar will be held in the form of a live streaming video-conference which is not typical for HYIPs where you can also get the answers to your questions in real time. The first deposits have yet to expire but are due very soon. So I believe that this new webinar might not be a coincidence but a reason to pursue others to invest more just before the first deposits are due to be released. Due to that I also believe EgoPay recently joined LibertyReserve and PerfectMoney as an additional payment processor while SolidTrustPay is in the pipeline too. That was totally to the contrary to what Ragnar originally said in my interview about working exclusively with LibertyReserve and PerfectMoney. But I believe this unfortunate situation with the LR scam recently changed their plans so adding more payment processors might be a very wise move. I remind you that BensonUnion pays instantly on 1.2%-2.45% for 170 business days plan with principal return on expiry (read more about that in my detailed review published here).

By the way, some attentive readers of MNO noticed that yesterday BensonUnion has dropped a few positions on my Premium list to #11. Please note this has nothing to do with the program’s performance or how I personally feel about it – BensonUnion is still going strong and pays on time. The thing is I was approached by the admin yesterday and was offered an increased deposit of $2,500 to be credited to my account instead of the original $330. I believe this offer was made to get more investors for BensonUnion by displaying a higher than figure on MNO monitor. I’m quite transparent about such things, so I’m openly admitting that I didn’t deposit my own money in BensonUnion (or any other program listed on MNO), so please do not be misled by such high figures. My monitoring script ranks programs based on a percentage return rather than a higher dollar amount, so as the money I have withdrawn as a percentage of the principal has now dropped, so has BensonUnion‘s position. This is the only reason and anything else is pure speculation. I hope that explains it well.

Below is the reminder of the upcoming webinar with Ragnar to be held next week. I’m sure there will be more reminders issued by BensonUnion closer to the date, but for now you can read the following and mark the date for yourself if you’re interested:

“BensonUnion official newsletter
Dear investors! This newsletter is an alert regarding our upcoming event that will take place in 8 days – “The second webinar with Ragnar Wellington, the CEO of BensonUnion” on Thursday, September 13, 2:00 PM (UTC -05:00, Eastern Time). Mr. Wellington will provide some information about BensonUnion company, upcoming updates and events, details about business success of the company and much more… Also everyone will be able to ask a question to Mr. Wellington in real-time video conference. Don’t miss this event! The webinar will be held here: http://anymeeting.com/bensonunion1“.

EUREXTRADE – WRONG LABOR DAY?

For some reason the admin of EurexTrade Christopher (interviewed here) had the dates of the Labor Day holiday mixed up and thought it was celebrated today. Everyone else knew it’s the first Monday in September so I’m guessing they had a look at last year’s dates listed on Wikipedia or something like that when Labor Day in the US was actually celebrated on September, 5. In any case, it looks like EurexTrade has decided to celebrate Labor Day on the wrong date this year, so make sure that your accounts might not be credited with the daily earnings for today. Note that all deposits and withdrawals will be processed instantly as usual as specified in the latest news issue posted on the website:

“U.S. Holiday, 5-th of Sep. Labour Day
Dear investors,
On September 5, 2012 all USA markets will be closed due to Labour Day (official bank holiday). Therefore no profit will be credited to EurExTrade investment accounts.
Deposit and withdrawals are processing instantly as usual.”

So if they took the day off because there was no trading in the US, I wonder what they were doing all day Monday when there genuinely wasn’t any trading in the US, lol! Anyway, EurexTrade is the oldest program featured on MNO monitor with an absolutely outstanding 540 (!) days listed on Premium status with stable and instant daily payouts to LibertyReserve and PerfectMoney which are still the two only payment processors accepted by the program. EurexTrade has an unlimited investment term during which you will be paid variable returns on business days only (excluding Saturdays, Sundays and public holidays some of which could be really weird as proven today!) and can reach up to 2.9%. Please note that all past interest rates for the day are posted on the website and can be seen by anyone who is interested in making an investment in EurexTrade. Finally, if you wish to read more about the program please don’t hesitate to check out my review of them here.

ABSOLUTIVA – SCHEDULED MAINTENANCE USED TO HIDE SCAM

The admin of Absolutiva Harry announced upcoming maintenance today to allegedly enable Payoneer debit card transactions. They already took deposits via PayPal which is not very user-friendly towards HYIPs or their owners. Unfortunately this seems to be no more than a distraction as the admin’s real intention was to give the impression he had big plans for his program when all he was really out to do was steal as much money as possible. I guess I was right as after Absolutiva went offline for this supposed maintenance I received a short message from Harry informing me that his program had scammed. I’m not sure if it’s is the original email but I would suggest you stay away from Absolutiva even if it returns. The last official email received from Absolutiva which is probably a scam now stated the following:

“Weekly Newsletter
We would like to inform you that we will be holding a scheduled maintenance on the 5th of September in order to add Payoneer debit card processing. I remind you that debit cards will be available for purchase ONLY through Payoneer websites. We will not charge you anything. You will only be asked to pay anything related to shipping and that money will go to Payoneer. You will be also asked to provide a photo id as part of their policy.
We’ve also started selling our website script (excluding design). The script is fully operational and backdoor free. The price per license is 300$. For more information on how to get our script, please email me at absolutiva@gmail.com or webmaster@absolutiva.com
Our script comes with a 30 days free support.”

Regarding that last part about selling the script, when a confirmed cyber criminal and scammer tries to sell you something he describes as “backdoor free”, I think we all know only an idiot would hand over $300 and expect to either a) get anything at all in return, or b) get something that doesn’t have more backdoors than a warehouse and allowing the seller to freely access the website and database of whatever clown he duped into paying for it. Sorry to state the obvious here, I’m sure you’re all smarter than that, but for the benefit of anyone new to the industry or perhaps not so fluent in English and simply didn’t understand the situation properly – stay as far away from this as possible and any money you give this guy can be considered a donation.

ROYALMAXDEALERS – MOVED TO SCAM

Another program which was moved to Problem status on MNO last night goes to Scam status this evening – RoyalMaxDealers. The program first came to MNO over two weeks ago and those lucky enough to join first should have been in profit by now as the program paid 11% daily. Unfortunately, it looks like they’ve run its course now and is a confirmed scam. The first reports of delayed for over 24 hours (the promised timeframe RoyalMaxDealers usually paid to its members) and even reversals of pending withdrawals back to the available balance appeared on my ShoutBox yesterday. The last straw which confirmed the program went to Problem status on MNO was the removal of the rating page from RoyalMaxDealers which is a very strong signal that the admin didn’t want his members to know about the truth. I don’t believe it will help him get more funds from unsuspecting members for much longer despite the strange email I received from the program today and which is reposted below:

“Technical Work
RoyalMaxDealers informs about unscheduled downtime that happened today because of powerful attack to our server. Downtime lasted around 4 hours. On the server conducted the technical work. All withdrawal requests will be processed after 12:00 GMT. Thank you for your patience.
Best regards, RoyalMaxDealers”.

Please note that there was no downtime detected on the their website and this email is another excuse in order to get money. Please do not invest any more money in this scam!

LIBERTYRESERVE SCAM UPDATE

I am glad to report that the overall response to my article regarding LibertyReserve published recently (click here to read it) was very positive. I received a lot of emails where readers thanked me for the warning and asked about the best way to exchange their money from LibertyReserve accounts to more secure payment systems like SolidTrustPay, EgoPay or PerfectMoney. Actually there are still a few exchange services where you can get your LR funds exchanged to PerfectMoney with 8%-10% fees. However if you wish to save on the fees and move your LR funds (provided they are still unlocked) into safer havens like EgoPay or SolidTrustPay which are also widely accepted in the HYIP industry then start by going to Xchanger. Please note that Xchanger is the only such service fully endorsed by MNO and the interview with its owner can be read here. Note that for a limited time you can still exchange your LibertyReserve to SolidTrustPay and EgoPay for 0% (!) fees. Yes, you heard it right, free of charge! It’s a perfect opportunity to do it now, as it’s not possible to say how long this generous offer is going to be open. If you are new to Xchanger all you have to do to make an exchange request is to register your account there (please click here to do that) and once you’re registered you can do as many exchanges as you like. Xchanger has been on the market for several years and I’m sure it will be able to satisfy all your e-currency movement needs.

However the situation with LibertyReserve remains very difficult and recently more cases of account limitations were reported. I heard of no proven cases of accounts being unblocked so far, so I would urge you to stay at the highest possible level of alert when it comes to channeling money through LibertyReserve accounts. They can be frozen at any moment without any warning given whatsoever. I can’t say if this will ever be resolved or we can already consider LibertyReserve a scam payment processor. However for the sake of the safety of your funds it’s better to be sure that no significant amounts of money are stored in your LR account. I will let you know if the situation improves, but until then just treat it as a scam and not recommended. There are safer alternatives at the moment on the market so please use them for now.

GET PAID REPORT FOR 05/09/2012

Here is the list of the programs from my monitor that paid me for the last 72 hours:
From MNO Sticky list: HourHour (the first instant payments received).
From MNO Premium list: NewGNi, ProfitableSunrise, OneInv, Finvance, EurexTrade, RightFive, FelminaAlliance, PlexCapital, YachtWealthClub, BensonUnion, Bull&BearCapital, MTResults, PipsFund, KBSInvestment, DiamondAsset.
From MNO Standard list: UFOWin.
From MNO Basic list: 6Inv, GoldTradeFunds.

That’s it for tonight, guys. See you all on MNO very soon and good luck with your investments!