14/09/2012. RoyalUnion Review and Daily News from the Industry

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

Hello everybody! Friday again so I hope you’re all looking forward to the weekend, whatever it is you have planned. For the moment I only have one new program on MNO left to tell you about, though I am pretty confident that I’ll have something else of very high quality for you very soon. But getting back to tonight and there’s a brand new long term HYIP called RoyalUnion that I want to look at in a bit more detail for you now. It’s only just started so let’s see what they have to offer and if you think they might be worth the gamble or not.

You have two investment plans to choose from, both of which are pretty similar in terms of how they are organized. Like I said, it’s a long term program so the choice for you is more or less down to how much you trust the program and for how long you want to have your money tied up with them before getting anything back. It’s just that some longer term HYIPs will give you the option of getting your money back early on condition that you pay some withdrawal fees, but RoyalUnion has no such offer. It’s not that unusual or anything, but do keep in mind that when you become a member you’ll be staying a member for the full duration.

So I’ll start with the shorter of the two plans, and it’s called The Premium Plan. RoyalUnion require a minimum deposit of $20 to join, and once you are in the plan then runs for 45 calendar days. Your deposit will earn 3.2% interest per day regardless of the actual amount you have spent (maximum limit is $100,000) which will add up to a total of 144% by the end of the term. That can be considered your final net profit because RoyalUnion will then add your initial principal on top of that. The real marker you need to be watching out for however is day number 32, as that’s when you break even and can’t possibly lose any of your own money.

For a longer term investment you can check out RoyalUnion‘s Professional Plan. This one runs for 90 calendar days, and while the daily interest rate is less than the last plan (meaning it takes a lot longer to get to the safety of breaking even) it does bring in a lot more payments making it ultimately more profitable. Assuming it works out that is. The minimum requirement for joining has been dropped this time with RoyalUnion only asking for a $10 deposit, and in return are offering you a 2.4% daily payment for each of the 90 days. That means you don’t break even until day 42 but should complete the term with payments totaling 216%. That then becomes your net profit once RoyalUnion return your principal as promised.

There’s a good choice of payment processors to pick from and RoyalUnion is keeping with the recent trend (forced on admins by circumstance it has to be said) by listing the currently popular providers. At the moment you can join and withdraw your earnings in RoyalUnion through either LibertyReserve or PerfectMoney where all payments are instant – just log into your members area, make the request, and have the money in your e-currency account within seconds – or else to SolidTrustPay or EgoPay if you prefer not to take the unnecessary risk of losing everything in the still volatile LR. Payments to these two latter processors will be made manually by the RoyalUnion admin and so will still have to be requested from your account area and should afterwards be completed within 12 hours. One other thing you may wish to be aware of about RoyalUnion‘s investment plans is that compounding is allowed. I wouldn’t be much of a fan myself, but that’s up to you, so it’s there if you want it.

RoyalUnion‘s security and design are of a fair enough industry standard, and there’s nothing seriously out of place. Which in fairness is the absolute bare minimum industry players should demand before parting company with a single penny anyway. The website will be instantly recognizable by most HYIP users I think as RoyalUnion‘s script if from GoldCoders and is under license. The website is also behind an additional layer of security, using SSL encryption provided by Comodo. And finally the hosting is with a fairly reputable provider – AntiDdos – who are keeping RoyalUnion on a dedicated server. They wouldn’t be the most popular choice out there but where you see them in use there’s rarely a serious problem to speak of, so hopefully RoyalUnion shouldn’t have any downtime problems either. If you have any further questions or account related issues to take up with the admin then RoyalUnion can be contacted by a couple of different methods. To start with there is the usual online ticketing support form where you can just fill in your details and submit. Otherwise you may either just mail them directly at the address provided or if you would prefer to get your questions answered in real time then try RoyalUnion‘s Live Chat. You’ll find some other methods but frankly it looks a little amateurish after that. For instance there’s a UK postal address which then bizarrely gets described as being in the United States. You could put this down as a typing error were it not for the fact that this is then joined by a telephone number with the international code for Sweden. I honestly doubt you’d find RoyalUnion in any of those places, but you still have the Live Chat and support tickets.

As for the website content and the story RoyalUnion has about their business plan to support the payments, you might want to skip this part. Texts are copy/pasted and are basically taken from what I would understand as a multi purpose template used by countless other websites both HYIP and non-HYIP related. Just replace the name of Company A with that of Company B, and they’re all otherwise identical. Just for the sake of curiosity I will tell you that RoyalUnion would claim to be in the oil trade, but how much of that you choose to believe is up to yourself. No matter what you do decide to take from that side of the website, you should still be treating them as a regular HYIP anyway with all the risks and potential rewards that go along. That means as always setting yourself a strictly enforced maximum spending level that’s affordable to you, and keeping your portfolios as wide and as varied as is reasonable for you to do.

DAILY NEWS FROM THE INDUSTRY

EGOPAY SITUATION RESOLVED

Regular readers might remember a couple of days ago my account in EgoPay was blocked without prior notice or any viable explanation apart from conducting some specific investigation on particular transactions. I didn’t quite like the way it was done and that the Live support I tried to get information from refused to get into any specifics, just telling me that I would be updated in due course. Yesterday more troubling incidents of EgoPay account blockages were reported by some readers on the MNO ShoutBox. So the situation became really critical and demanded immediate answers which I was determined to get from the administration of EgoPay in any way possible.

Today I returned to the Live chat with EgoPay who still failed to provide straightforward answers via my support tickets. Initially they still refused to answer my questions but then finally admitted that the transaction in question was from the admin of a program listed on MNO a few weeks ago called Kommerciality. You may remember that the admin paid me for the listing on MNO weeks before actually listing it on my monitor and apparently he had some suspicious motives for that. What happened is the listing and banner on MNO was paid from Kommerciality’s EgoPay account which in turn was funded from Payza (as EgoPay allows direct fundings from that payment processor). But apparently that Payza account was funded from a stolen credit card, the rightful owner of which later obviously called for a chargeback. So Payza called on EgoPay to return the money and EgoPay has nothing better to offer than to lock the members’ accounts who received payments from Kommerciality, but who had absolutely nothing to do with this incident and shouldn’t be held responsible for such fraudulent actions in the first place. I was promised my account was to be unblocked early next week but I was not satisfied with that promise and insisted on speaking to somebody from EgoPay’s Fraud Prevention department. Fortunately for me their representative (his name is Ted) was much more helpful and he agreed with my point that EgoPay merchants shouldn’t be held responsible for the actions of some crooked HYIP admins. He also mentioned that EgoPay in co-operation with Payza (which they are connected with anyway) are currently working on some stricter guidelines that will help to prevent such cases of fraud in the future. But either way it is the payment processor’s responsibility to safeguard their merchants against this and should have been checking out the credit card used to fund Kommerciality a lot sooner than they did (assuming the card holder reported it of course).

There’s no question that the issue of stolen credit cards should be taken seriously and all legitimate payment processors have to address this. For instance, if your account in SolidTrustPay was suspended for the reason of accessing it from a location different from the one you were in when opening the account, this was caused by STP taking drastic but necessary measures. At the same time, STP didn’t blame their own members and never reversed any funds that EgoPay was about to do, but rather implemented some extra security measures that while initially inconvenient for their clients were of vital importance to ensure the stability of the payment system.

EgoPay obviously need to do the same, just not at the expense of their legitimate merchants. They should try implementing some extra security measures which Ted assured they are already working on, although refusing to get into any further details. I believe those people whose accounts are still blocked will find everything resolved soon and will hopefully not discover their transactions reversed. As for me, I agreed to accept EgoPay once again for advertising on my site after Ted apologized for the inconvenience caused and unblocked my account with the same balance and no reversals charged. I guess I might consider myself lucky to be in the position of running an influential blog, but I still believe I was right. Hopefully EgoPay will find an alternative solution to blocking accounts, because by doing so they can ruin their own reputation of a new but promising service processor.

One more thing I want to emphasize and which I found out from Live Support. In the interests of security from now on withdrawals from EgoPay accounts to other payment processors via their verified list of exchangers will not be processed instantly but rather will go to pending status for approval which could take up to two business days. I hope that this is another measure to protect your EgoPay funds from such fraudulent transactions and unnecessary blockages. As from my understanding the withdrawals to Payza will still be processed within one business day as my last withdrawal one was done within a few hours.

I’m very glad that the situation with EgoPay resolved so favorably for me and most of all, that they accepted it was not my fault and it’s their responsibility to have more severe checks on merchants and funds coming from Payza. Members whose accounts are still blocked are advised to contact the Live Support on Monday during business hours and hopefully you will get your issue resolved as I did.

NEWGNI – NEW CASH CONTEST ANNOUNCED

Apart from that it’s been a very quiet day in the HYIP industry, but no news is usually good news according to Jurgen from NewGNi (interviewed here). He sent his regular Friday newsletter tonight reporting only another cash contest in which three winners will get $50 cash directly to their EgoPay accounts with the details available on the program’s Facebook page. I remind you that after the dropping of LibertyReserve from the list of the accepted payment processors NewGNi recently added EgoPay to that list which currently comprises also PerfectMoney, SolidTrustPay and PexPay. The minimum to invest in NewGNi remains as $20 for the 1% per business day plan and $50 for the 6% weekly plan. There is no expiry date on either but a lock-in period of 180 business days is in place before your original principal may be withdrawn. Otherwise you can leave it there for an unlimited amount of time as NewGNi proved to be a worthwhile program by running for over eight months now starting back in December 2011. The previous incarnation of NewGNi was the most successful program back in 2008-2010 and I don’t expect anything less than that from the current NewGNi which has already reached the #1 spot on MNO’s Premium list and deservedly is the most popular program among the low-ROI HYIPs now. The full version of the latest short newsletter from NewGNi (reviewed here) can be found below:

“Newsletter 14 September 2012
Dear clients, friends and fans
Not much to report for this week – but as we all know, no news are good news.
Nevertheless, we still have to announce our September 2012 Sweepstakes contest:
As most of you are aware of, we have declared 2012 the Year of the Giveaway and each and every month you can win special prizes with NewGNi. This month we take the occasion of the acceptance of EGOPAY as an additional payment option for NewGNi, and three lucky winners can get $50 Cash each, paid directly into their EGOPAY account. Try your luck here or on our facebook page.
Go for it – I wish you good luck!
I wish you all a nice weekend, Jurgen
Follow NewGNi on Twitter, Facebook and MNO”.

DIAMONDASSET – WEEKLY NEWSLETTER

DiamondAsset is also paying only on business days from Monday to Friday, so the end of the business week also seems like the perfect time for the admin to issue a newsletter. It looks more like a reminder that the program is still alive and kicking to be honest. Plus the links to DiamondAsset‘s Twitter and Facebook accounts have been given also to stay updated. If you read my review of the program (published here) you should know that DiamondAsset pays 1.8%-2.5% for 120 business days with the principal returned on expiry via all the main payment gateways including PerfectMoney, LibertyReserve, EgoPay and SolidTrustPay. Here is the latest weekly newsletter from the program:

“Interest Payments.
Dear Investor,
Thank you for maintaining investment relationship with DiamondAsset.
This is to inform you that all Interest payments for this week has been successfully processed. We appreciate your patronage and invite you to FOLLOW us on Facebook and Twitter, this will enable you to get our Latest News and Updates faster;
Facebook: http://www.facebook.com/diam.asset
Twitter: https://twitter.com/DiamondAsset
Kind Regards, DiamondAsset.”

GET PAID REPORT FOR 14/09/2012

Here is the list of the programs from my monitor that paid me for the last 24 hours:
From MNO Sticky list: HourHour.
From MNO Premium list: NewGNi, Finvance, ProfitableSunrise, RightFive, EurexTrade, FelminaAlliance, PlexCapital, YachtWealthClub, MTResults, Bull&BearCapital, TheBig5, BensonUnion, PipsFund, DiamondAsset, CornWealth, RoyalUnion.
From MNO Standard list: UFOWin, 6MagicPay, BGTGroups.
From MNO Basic list: GoldTradeFunds, CheeseCash, AoGo, PerfectLottery, HippoWin.

That’s it for tonight, guys. If tomorrow is as quiet as day I will probably skip posting the news in favor of a Sunday night round-up of both days, but if there is something very important make sure to check out my blog as it’s the only information source in the HYIP industry where you can get today’s news today and usually without holiday breaks too! So stay with MNO and get updated first!