{"id":13896,"date":"2016-12-14T15:49:20","date_gmt":"2016-12-14T21:49:20","guid":{"rendered":"http:\/\/money-news-online.com\/blog\/?p=13896"},"modified":"2017-03-08T16:53:36","modified_gmt":"2017-03-08T22:53:36","slug":"14122016-palmills-review-daily-news-hyip-industry","status":"publish","type":"post","link":"https:\/\/money-news-online.com\/blog\/2016\/12\/14\/14122016-palmills-review-daily-news-hyip-industry\/","title":{"rendered":"14\/12\/2016. Palmills Review and Daily News from the HYIP Industry"},"content":{"rendered":"

Beware! Palmills has stopped paying! Do not invest there!<\/strong><\/span><\/p>\n

Hi everyone! With barely a week and a half to go until Christmas and that being followed by the New Year celebrations it’s easy to think that we might not be seeing too many more really good new programs starting up between now and then. In several of the last few years this has actually proven to be quite a fruitful period for the more selective players with a more experienced eye, as it has often been the time when some of the most successful longer term programs of the following year first come online. Not a bad strategy for lower paying programs I suppose, start now when things are relatively quieter than the rest of the year, and hit the ground running in January when business always picks up and you have everything set up and in place. I don’t know if that’s about to be the case again this December, time will tell. One program that is definitely about to expand its horizons this December and January is Palmills<\/a>, a longer term HYIP that has just upgraded their listing from Basic to Standard on the MNO monitor<\/a>. It’s not exactly a brand new program in the strictest sense, indeed Palmills<\/a> has been included on the MNO monitor since the middle of last month now. However in the greater scheme of things and taking the length of the program’s single investment plan into consideration then yes, you could say it’s still quite fresh and recent. In fact it’s only around now that the very first wave of investors to join Palmills<\/a> are only passing the half way mark in reaching the break-even point on their way to collecting their first profits, so it’s easy to see why the admin thinks the time is right to bring his program to a wider audience. Let’s examine what it’s all about then and consider whether you want Palmills<\/a> to form at least some part of your portfolios or not.<\/p>\n

The main reason for any HYIP being in business and the reason why most investors decide it’s going to be suitable for them or not is usually the investment plans. In this case it’s going to be a remarkably easy and straight forward decision for you, because Palmills<\/a> only offer one plan. You either agree that it’s feasible and can run long enough to get you into the profit zone, or you don’t. Simple as that. Details are as follows.
\n\"Palmills\"<\/a>
\nFirst of all you will need a minimum of $10 to join Palmills<\/a>, which is about the standard entry level amount in the HYIP industry these days, keeping it competitive for smaller investors. The term runs for 60 business days<\/strong> (that’s twelve weeks, or just under three calendar months) during which Palmills<\/a> are offering a basic 3.5% daily interest payment<\/strong>. The same rate applies to everyone, big and small, regardless of how much you invest. So whether it’s the $10 minimum or as much as the $50,000 maximum allowed in Palmills<\/a>, everyone gets the same 3.5% basic daily rate. This is of course only paid out between Monday and Friday, i.e. business days only, throughout the term. Palmills<\/a> are including your principal as part of those payouts, so don’t expect to get it back in a separate payment on expiry of the term, because you already have it. Payments therefore which eventually add up to 210%<\/strong> consist of what was basically your own money to start with plus 110% net profit for having joined, or a little more than double your money back.<\/p>\n

Let’s take a simple monetary example of how that might work out in practical terms then, and say you were to invest $100 with Palmills<\/a>. Every day between Monday and Friday only for the following twelve weeks you should then be able to collect $3.50 in interest payments. Everything going according to schedule then you should be hoping to complete the term with earnings that come to a total of $210, or your own money back plus $110 in profit. A more important statistic is when do you break even, or earn back an amount of money equivalent to your initial investment. This happens after 29 payments, which is almost half way through the term. That’s how long it takes Palmills<\/a> to gradually return your own money to you, and everything you receive after that is pure passive profit so you can no longer lose any money no matter what happens next.<\/p>\n

One of the other things the Palmills<\/a> admin has done to improve the profile of his program has been to expand his list of accepted payment methods. Originally investors could only use PerfectMoney and Payeer<\/strong> for the more traditional style payment handlers, and BitCoin<\/strong> for anyone wanting to use a more modern digital e-currency. These have now been joined by AdvCash<\/strong> who are definitely nowhere near as widely used as the existing three options though they are slowly but surely getting a foothold in the HYIP industry. Something else about payments that you might like is that all withdrawals from Palmills<\/a> are made instantly<\/strong>. Just log into your private members account area as usual and place the request, and the money should be with you in under a minute. In the month or so that I’ve been monitoring Palmills<\/a> I’ve yet to encounter a problem with this.<\/p>\n

Moving on to some of the more technical aspects of the Palmills<\/a> website now such as design and security, I’m sure most of you, experienced players anyway, will have recognized the script as being from GoldCoders. I’ll just confirm for you that it’s running under license from them and of course has all the trademark customer friendly features and easy to use interface you would expect from them. For a hosting provider the admin has opted for GeniusGuard who are keeping the Palmills<\/a> website on a dedicated server with their tech support and protection from malicious attacks. For an extra layer of security Palmills<\/a> also include an Extended Validation SSL certificate from GeoTrust to help provide safer browsing and more secure transactions. One other thing about Palmills<\/a> is that to create a better first impression and a certain air of respectability they have a certificate of incorporation. The official name of the company incorporated in the UK is Bio Palm Oil Plantations Limited. As always these things are easily done online and don’t necessarily mean anything with regards to your investment, but don’t underestimate the effect of good first impressions on the spending habits of some folks less experienced with the workings of the HYIP industry than most MNO readers either.<\/p>\n

If you have any further questions for the Palmills<\/a> admin or any account related issues that need to be dealt with then there are a couple of ways to get in touch. The first thing you should look at is the Live Chat feature which is built in to the Palmills<\/a> website. It’s not a 24 hour service, indeed there isn’t anything to tell you what exactly the working hours are, but just check it first as it might save you a lot of time if an operator happens to be there. Otherwise you can either fill in your details on the online support form and submit it through the contacts page, or mail to the admin directly at the listed address. In line with being a registered company in the UK Palmills<\/a> have a postal address, which I would suggest you ignore as it’s only likely to be used for getting the documents processed by a third party service provider and not where Palmills<\/a> or anyone connected with them is physically located. If you prefer however you can always try the phone number that goes with the address if you wish to speak with someone in person and thing they are going to answer. Probably of a lot more use to many investors these days anyway are social media profiles, and you can find Palmills<\/a> on Facebook. In addition to this Palmills<\/a> have a regional representative scheme, something I’m sure a lot of you will be familiar with from other programs doing the same thing. Basically it’s a group of regular investors who act as customer support operators in their home countries and languages in return for a better referral commission rate for any business they help bring in to the program. If this is something you think you can do then contact the Palmills<\/a> admin for more info.<\/p>\n

Just in case anyone is interested the line of business we are told is allegedly supporting payouts to Palmills<\/a> investors is the production and processing of palm oil. Entirely up to you guys if you want to believe that or not, I already know the reaction of experienced players, but for the sake of those new to the HYIP industry I’ll just remind you that even if something like this was true there is still no guarantee it always has to be profitable. So as with all other HYIPs you should proceed with caution. Stay well under a sensible spending limit you can comfortably afford to lose and earn back from other income sources without any serious problems. And if joining Palmills<\/a> then try and keep them as a smaller part of a wider more diverse portfolio.<\/p>\n

So, there you have it. I can’t really think of much else that might be important enough to add so I’ll just go ahead and readers what their own thoughts on the program are. Do you like it enough to spend your own money on it? I hope you won’t mind taking a very brief moment to answer the following opinion poll on Palmills<\/a>, which as always if 100% anonymous and untraceable. It isn’t so much for just today or tomorrow, it’s in future weeks and months that we can look back at the responses and really analyse if people got it right or wrong when deciding to play or pass. So, the exact question is:<\/p>\n

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Will you make an active deposit in Palmills<\/a>?<\/strong><\/p>