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

Hello everyone! Hope the weekend’s gotten off to a good start for you all, whatever your plans are. For myself I have two updates for you on MNO today, with all the news updates from the industry plus a closer look at one of the most recent additions to my monitor coming later, but starting with the following interview just received from Richard, the admin of EarningAlliance. That’s a name that’s probably known to many of you already as they’ve been slowly but surely building a solid reputation for themselves for just over the last month now. As it’s a longer term program EarningAlliance can still be considered quite new, but despite that Richard has still done a lot of good work in developing and improving the program since its inception at the end of March. He’s going to talk us through how things have been working out for him and his investors below, but I’ll just start by reminding you that his program offers members terms of 1.25%-2.15% for 180 business days, and your principal back on expiry. If you like what he has to say and would like some further information, you can start with the original review of EarningAlliance which was first published on MNO here:

“1. Hi Richard, please introduce yourself to the readers of MNO and tell us please about your own involvement in EarningAlliance. What kind of experience do you have in managing online HYIPs and how can readers be sure you know how to keep the program profitable for as many people as possible for as long as possible?

Hello Paul! First of all, thanks for interviewing me, it is a pleasure to be a partner of such a respected monitoring service like MNO. My name is Richard Hayden, I’m 32 years old and have been living in the USA for over 20 years now. I’m one of the four founders of EarningAlliance Ltda and even though this is my first online venture, I’ve been working as a financial manager since our company was started, back in 2001.

2. Can you give us some background information on EarningAlliance? How many others are involved with the program or are you operating alone? How long have you been online? What kind of an impact do you realistically expect to make on what’s a very competitive market now?

EarningAlliance was founded in 2001 as a partnership between me and a few friends who attended trading classes together for a few years. We wanted to operate on our own but realized our capital was not enough to make a living so we started to open our business for a few individuals interested in earning more than what they would earn with other investment sources. As of today, we are a group of about 10 people, including the management team and the traders. Competition does not scare me, EarningAlliance went through very hard challenges in the past and this is just another one.

3. Explain the investment plans in detail to us. What ROIs are on offer. What are the minimum and maximum amounts to invest? What payment options are you currently accepting?

Our standard plan pays between 1.25 and 2.15% daily for 180 business days with principal returned at the end of the investment term and besides that, we offer investors the possibility to request a custom investment plan, where we can offer lower rates but with shorter investment terms. We currently have 37 clients investing in a customized plan. Our minimum deposit is $10 and there is $100.000 maximum, we accept LibertyReserve, PerfectMoney, EgoPay and SolidTrustPay but investors can also join us using bank wires with a minimum deposit of $5000.

4. What’s the payment schedule (is the gap between requesting a payment and receiving it)? Because I don’t believe it’s clearly stated anywhere on the EarningAlliance website that there is a definite commitment to guarantee members withdrawal transactions are processed within a stated period of time.

All payments are processed within 24 hours as stated in our main page under our 24-hours rule; it is our personal goal that you will never wait more than 24 hours for a withdrawal or to receive an answer from our support team! Usually withdrawals are processed within few hours.

5. How secure is the website of EarningAlliance? 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 hosted on a dedicated server provided by BlockDOS and use anti DDoS protection from them too, our security certificates are also verified by Comodo. I would say our site is very secure, our databases are saved on another server several times a day and we didn’t have any downtimes so far. We invested a lot of money in security as we consider this one of the most important aspects of any online investment company, our investors have nothing to worry about.

6. What kind of script is EarningAlliance running off? Where did you get it, how safe is it, and why do you think this one is most beneficial for you as an admin and your members?

We are running on a licensed GoldCoders script we bought directly from GoldCoders. Our programmer studied the script and a few other possibilities and we concluded that GC would be the most secure and easy to navigate script both for investors and for us.

7. Can we see any statistics regarding EarningAlliance? 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 currently have 1300 registered members and 750 active investments. I’m pretty satisfied with the current promotion and growth rates as all our goals have been successfully achieved so far. Around 65% of our investors have been referred by an old investor and we still want to increase this rate by taking a few promotion measures like our recently launched representatives program.

8. How can members contact you if they have any questions or support related issues? Apart from contacting you directly, can you also tell us a bit more about the regional representative scheme you now have? What is expected of these agents, and what are their duties? What would you do if one of them wasn’t performing, or was passing bad or misleading advice to potential investors? How do you screen them?

Members can contact us via support ticket, live chat, Skype chatroom and Facebook, all requests are answered within 24 hours. Our representatives program was created to hire leaders capable of guiding people without experience in online investments. I expect them to promote EarningAlliance in their home countries and provide support to people interested in joining us. We have been very selective about our representatives, this is not a game of numbers, we need people with real leadership skills for these positions and all our representatives have goals they need to achieve if they want to keep their representative status.

9. The EarningAlliance website has a Live Chat feature, though I myself have never seen it switched on. Is it ever used? If so then what is the best time (GMT) to find an operator there, and if not then will it ever be used in the future?

Our live chat is working on GMT business hours, I will check with our programmer as it seems to be working fine for me.

10. We can also see that you are trying to arrange a Skype Conference Room (which may be operational by the time you complete this interview). Can you explain what that is, how EarningAlliance members can use it, and what purpose you hope it will serve?

Indeed our Skype chatroom is now fully operational, our goal with it is to keep in touch with investors and discuss with them on a daily basis. Investors can also chat between themselves inside the chatroom. Anyone with a Skype username can join our chatroom!

11. 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?

Several investors had questions concerning our customized plans and asked for unrealistic rates. I would like to make it clear that the only way we can offer shorter term plans is by reducing the ROI. For example, 1.2% for 120 business days is an acceptable offer, 10% after one week definitely isn’t.

12. How have you been promoting EarningAlliance so far? What advertising strategy have you been using? How are you getting new members to join?

We listed EarningAlliance in several monitoring services, blogs and forums and purchased banner ads in the most visited discussion boards and blogs. We have recently launched an Adwords campaign for EarningAlliance, the first ads should be running in a couple of days. We’re also trying to get reviews from several monitoring services so we can improve our services and spread the word about EarningAlliance at the same time.

13. A lot of online investment programs such as yours use the likes of Twitter and Facebook for promotion these days. So how have you been finding social networking sites? Has it been beneficial in bringing in significant numbers of new members, or has is just been more of a support/discussion platform? Has it been worth the extra effort do you think?

For me it is not an effort, being a part of social medias is a must for any new business. I can’t track how many of our investors came from Facebook but the activity on our profiles has been very interesting and positive and it certainly allows us to keep in touch with our investors in a more personal way.

14. What exactly are you doing with investors money? How are you investing it and how are you generating the profits being made to members?

We are investing on bonds and futures. We have recently added an activity page to our site where we share a part of our trading reports every week, they are pretty simple to understand and show investors we are actually working with their money.

15. Do you have any plans to further develop and improve EarningAlliance in the short to medium term future? Do you think the service could be improved or are you happy enough with things as they currently stand?

We setup new goals and improvements every week as shown in our main page. For example, our goals for last week were to create our activity page and a Skype chatroom to chat with our investors and this week’s goals are to reach 1500 registered members and $85k in total investments. Being on the top of the industry implies constant improvements to our business and since that is our number #1 goal, I am sure we still have a lot to develop and improve at EarningAlliance.

16. And finally is there anything else you wish to say not covered in this interview? Also please feel free to comment on the review of your program published on MNO. If there was anything you felt was unfair, mistaken, or in any way in need of clarification then you are welcome to explain this in your own words here.

I think you covered the most important aspects of EarningAlliance and I tried to be as clear as possible in my answers. If you or your readers have any questions about my answers or about EarningAlliance, don’t hesitate to write us and we will be glad to explain anything in details!”

Thanks a lot to Richard for that and I hope that if you’re either an existing member of EarningAlliance you found it some way insightful about how the program is progressing, or else if you’re just thinking about joining I hope you found the information here useful in deciding whether or not it might be suitable for you or not. Either way let me just wish the best of luck to Richard in taking EarningAlliance to the top of the industry and also to the members in making a profit from it. So that’s about all for the moment guys, but don’t go too far. Remember to check back here later tonight when like I said I’ll have all the day’s main news stories plus a look at one of the newer programs to join my monitoring page. Stay tuned for that and see you all then!