{"id":2069,"date":"2009-10-17T03:54:59","date_gmt":"2009-10-17T03:54:59","guid":{"rendered":"http:\/\/money-news-online.com\/blog\/?p=2069"},"modified":"2009-10-17T20:10:18","modified_gmt":"2009-10-17T20:10:18","slug":"161009-daily-news-from-the-industry","status":"publish","type":"post","link":"https:\/\/money-news-online.com\/blog\/2009\/10\/17\/161009-daily-news-from-the-industry\/","title":{"rendered":"16\/10\/09. Daily News from the Industry"},"content":{"rendered":"

Hi, guys! After the one of the busiest weeks I’ve ever had with my blog I’ve decided just to skip the reviews for one day and concentrate on the news from the industry instead. I have a couple lined up though so if new reviews are what you like best then make sure to check back again on Saturday and Sunday. I was pleased with the reaction to the Q&A piece with Robert from GoldNuggetInvest<\/a>. Reactions were extremely positive and I advise you all to read the article and find out more about the latest goings on with GNI<\/a> as well as their plans for the future. You can do this by clicking here<\/a>.
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\nI must say I really could understand Robert’s negative answer about the possibility of adding AlertPay<\/a> as GNI<\/a>‘s next payment processor. I myself decided to stop all dealings with AlertPay<\/a> once and for all. They are becoming totally unstable and wildly unpredictable lately in my opinion which causes real serious harm to many online programs. Yesterday for instance I received an advertising request from the admin of RoyalRoi<\/a> who purchased a banner on my blog via AlertPay<\/a> that was to be placed tomorrow. Guess what happened? Well, AlertPay<\/a> simply put the transaction on hold for some unknown reason and informed me about that. I replied immediately and asked them to refund to the admin as the banner was not placed yet. The money was reversed but as it appears AlertPay<\/a> restricted Richard’s access to his own account and tried to get some more information on him. But this only happened AFTER verification was approved and not before. So the admin of RoyalRoi<\/a> had no choice but to disable deposits and withdrawals via AlertPay<\/a> for obvious reasons, hopefully this will be only a temporary measure that will not scare off too many investors. And I hope the investors will support him and not this unbelievably mercurial payment processor. This is the latest from RoyalRoi<\/a> program (note that the payouts to other payment processors are not affected by this incident at all):
\n\u201cHello RoyalRoi<\/a>‘s Community, today’s a Friday and I was offline for few hours since I had some offline-event. When I got back, I was about to process all RoyalRoi<\/a>‘s cashouts. Too bad that I found that AlertPay<\/a> had put a “hold” on my account so I called them immediately for the explanation. What I heard from them was that they will respond to me in two hours or so. Then I received the call from them and they told me that they need another type of photo ID so I sent them what they asked me to. That’s why I turned off AlertPay<\/a>‘s deposits at the moment. No need to stress or whatever, I’m in process of dealing with them and awaiting response now. Hopefully we will get this issue sorted out as soon as possible.
\nI am now about to process all other pending cashouts and I do really appreciate your support now. No need to shout any bad things regarding RoyalRoi<\/a>. We’re here to stay no matter what. I feel that it’s just the beginning and it’s going to go big pretty soon!
\nLet me know if you have any further questions. Richard Clifford<\/em>\u201d.<\/p>\n

Couple this with the recent problems with bad checks that are being received by some US customers of AlertPay<\/a> due to their banking issues and we can get a bigger picture which looks kinda simple to me. AlertPay<\/a> accepts all HYIPs and autosurfs (that is their biggest source of income) but at the same time they try to play the hero and fight the scammers. That’s all well and good in my opinion and maybe even goes some way towards explaining the popularity of AlertPay<\/a>. But would it be appropriate that a payment processor accepts a client by checking and approving their verification documents only to change their opinion a couple of days later when the program is open? Isn’t it dangerous for any program that accepts AlertPay<\/a>? Of course, it is and given the fact that this happened already many times the question arises: if AlertPay<\/a> really wants to protect their customers why the hell they continue to accept HYIPs and autosurfs at all? If it’s perfectly ok for AlertPay<\/a> to make money from the fees out of all the HYIPs and autosurfs then why disrupt the stable work of the many good HYIPs by questioning their accounts AFTER verification was approved. Does it look to you like malicious activity? To me it definitely does. So can you imagine if GNI<\/a> started to accept AlertPay<\/a> only to have their account frozen on a whim 48 hours later? That’s the reason why AlertPay<\/a> is not accepted by GoldNuggetInvest<\/a> and most likely will not be accepted ever. I have followed in Robert’s (and other’s) footsteps today and officially announced that I’m not going to work with AlertPay<\/a> anymore as their unpredictable actions endanger any successful HYIP.<\/p>\n

Ok, if you remember three weeks ago AlertPay<\/a> froze the account of a very promising program called GainRoi<\/a>. So what happened? Nothing special as the admin refunded the money within 48 hours. GainRoi<\/a> program survived and continued its successful activity. It is still online by the way and paying me for 4 weeks already. Today the same thing happened to the admin of ShiftMoney<\/a> whose AlertPay<\/a> account was restricted in the same way but according to him he can’t now refund members himself because he lost access to his account as well. He advised everybody to contact AlertPay<\/a> personally for refunds and let them handle it. Well, it might sound cynical but in acting like this AlertPay<\/a> is simply going from the most reliable payment processor to the most unreliable. At least, if you deal with their main competitor SolidTrustPay<\/a> you can receive a reply in real time via Live support or just by phoning them. As for AlertPay<\/a> they are extremely slow and inefficient and you can wait for weeks until you get a reply and your money reimbursed. Remember then the unpaid profits for those days that might have been received from your investments, about the damage done to the programs suffered from AlertPay<\/a>‘s unclear policies, and about lost time which is one of your main assets in both life and business that can never be recovered. In my humble opinion, AlertPay<\/a> can’t act like this anymore and should decide if they really want to ban all HYIPs and aurtosurfs from using their services. You either ban all the gambling like PayPal<\/a> did or keep accepting them but don’t pretend that you act in investors’ interests. Do you think AlertPay<\/a> will stop accepting HYIPs and start working with real business? I really doubt this will happen as they are very weak compared to PayPal and nobody actually ever heard of them outside of the HYIP industry. Dropping those clients would mean losing millions of dollars annually to them so they will not do this either. This part of the market is just too lucrative but such hypocrisy should not be tolerated from the members either. If you have your own opinion regarding this issue please share them and discuss them openly<\/p>\n

So the latest victim of AlertPay<\/a>‘s eager beavers was ShiftMoney<\/a> whose account was restricted just this morning. Their decision to drop AlertPay<\/a> was not an easy one to take but also not an easy one to avoid. Knowing that this step will affect the program’s performance the admin had no choice but to continue with the four remaining payment processors and bank wire transfers. Of course, it will affect the cashflow for ShiftMoney but to what extent I can’t say. In his email to me Bernard said that fortunately this happened when the program was just four days online and I totally agree with him. I can’t imagine a bigger catastrophe had it happened after the first payments on expiry were paid. The funds are locked up in ShiftMoney<\/a>‘s AlertPay<\/a> account and it’s now to up to them when the investors are refunded. Hopefully it will happen sooner rather than later. In his latest newsletter to the members the admin of ShiftMoney<\/a> (reviewed here<\/a>) also mentioned an issue with deposits not getting credited automatically that occurred just after the additional security measures against DDoS-attacks were installed, promotional bonus for all deposits made via SolidTrustPay<\/a> and especially for the weekend increased ref commissions (if your referral will make a deposit to ShiftMoney<\/a> during this weekend you will get 10% instead of the usual 5%). Please read the latest newsletter that explains all:
\n\u201cBig business, big challenges. Today after some disagreements with AlertPay<\/a>, one of the largest online payment systems, we decided to discontinue the acceptance of this e-currency in ShiftMoney<\/a> Inc. AlertPay<\/a> created some problems in accepting our company even after we have successfully completed the verification process of our business submitting the necessary documents. Today we received a contact from AlertPay<\/a> staff saying that our site could no longer use their services.
\nIn my experience with business I believe this problem occurred due to the fact that our company is incorporated offshore. U.S. and Canadian jurisdictions are not friendly to companies registered offshore, as you know AlertPay is a Canadian company. But this is not the most important now, what matters is that several members have used this e-currency to deposit and want to know what happened to their funds. First of all your funds are safe, so do not worry. We encourage all members to request reimbursement of its funds in AlertPay<\/a> site, is this moment access to our account is restricted, so we can not make refunds ourselves. We understand the measures adopted by AlertPay<\/a>, we agree that every company should prioritize customer, specially in the financial business. We apologize to you all for this problem.
\nWe do not want to campaign against AlertPay<\/a>, but if you see several sites of online investment industry are not accepting this e-currency due problems like we had. AlertPay<\/a> does not accepts most businesses involved in the market of HYIPs, this is a fact. Some examples of sites that no longer accept AlertPay<\/a> are MoneyMakerGroup (forum), Money-news-online (blog), Talkgold (forum) and many others that were forced discontinued acceptance to this e-currency in order to keep operating, many sites went bankrupt because of AlertPay<\/a>. We do not want an e-currency disrupt our business, if they do not want to do business with us and our customers we have excellent options of payments to replace them. I hope that everyone understands our policy.
\nRemember we remain accepting SolidTrustPay<\/a>, StrictPay<\/a>, LibertyReserve<\/a>, PerfectMoney<\/a> and Bank wires. If you were a client of AlertPay<\/a> and do not have another e-currency account you still can use Bank wires. Please read topics below.
\nNot credited deposits<\/strong>
\nThe very good news of today is that DDOS attacks were successfully mitigated. Our hosting provider set SecurePort technology. In this moment deposits are not showing automatically because of security settings we implemented, we are working to fix this issue. Meanwhile deposits are being added manually. You just need to contact us in the Live Support and we will credit your account as soon as possible. Please be patient with the support requests to Customer Department, they will be responded.
\nPromotion of the week<\/strong>
\nTomorrow is the last day for members deposit using SolidTrustPay<\/a> and earn 5% bonus, then we will start a new campaign, possibly with another e-currency. So SolidTrustPay<\/a> clients that want to earn 5% bonus be fast and make your deposits until this Saturday 17th, promotion deadline. Our demands for StrictPay<\/a> and PerfectMoney<\/a> exchanges increased, quite possibly one of these coins will be chosen for next promotion.
\nWeekend’s Special<\/strong>
\nWe know very well that Hyip industry slows down during weekends, the same thing happens with exchanges and I believe with any other niche of financial market, but we want ShiftMoney<\/a> Inc. to be a success everyday, on Saturdays and Sundays too. So we will double your referral commissions on weekends, if you make $100 you will earn $200. You don’t need to claim your benefit, on this weekend referral commissions will be set to 10%. Don’t miss this opportunity, refer more people, call your current referrals and make nice income. It will be valid for 48 hours (Friday 11:00 pm to Sunday 11:00 pm).
\nThank you all for your support. Do not be afraid of challenges. Everyone needs to get up in the morning with a challenge to face during the day, it makes us worthy of living.
\nShiftMoney<\/a> Staff.<\/em>\u201d<\/p>\n

I have some truly exciting news for all the members of XrateInvest<\/a>. It seems this is the first program ever that I am aware of to back up their story about how they earn money with real substantiated facts. So XrateInvest<\/a> earns money from the porn industry (read my interview with the admin here<\/a> to find out more). But where is all the evidence of that? So now we can all see for ourselves as the admin of the program Karin just sent me a link to one of their websites. Please note that it’s not for the easily offended so don’t enter if you don’t like it (titillating stuff there, I’m telling ya!). Or if you have a heart condition. Or, if you just don’t have a sense of humor! Here is the latest news from XrateInvest<\/a> with the above-mentioned link. And guys, a little discretion if you’re on a public access computer, ok?:
\n\u201cDear XrateInvest<\/a> members and followers, I am happy to announce that our new German WebCam site <\/em>www.xratex.net<\/a><\/em> is online. The site is first designed for German users but we are working on a English, Spanish and Italian Version. Please note that the site just accepts Visa, Mastercard and Mastero! The site has different amateur models who speak German and also English in order to be able to satisfy the needs of users from all around the world. Our platform offers outstanding image quality and the possibility for the user to hook up his own cam for a 100% interactive and realistic experience. The site is working some girls are online. Your age will be verified once you decide to join by your credit card issuer. The XrateInvest<\/a> team is not collecting any credit card details as we use a payment processing Gateway from a 3rd party. Best regards and wishes. Karin Bertschi<\/em>\u201d.<\/p>\n

AxaCofinance<\/a> program is celebrating its 75 days online. Paying 10%-12% weekly for 15 weeks with the principal returned on expiry the program occupies #12 on my monitoring page<\/a>. They also survived some AlertPay<\/a> issues of their own a couple of weeks ago causing them drop this e-currency but are still paying on time. The emails from the administration are quite rare though which doesn’t mean the program is not developing. On the contrary, today it was announced that a bank wire option along with phone support would be coming soon. To celebrate 75 days some promotional bonuses will be offered on all three investment plans. Please read more about that in the following newsletter from AxaCofinance<\/a> (reviewed here<\/a>):
\n\u201cHello dear members, This is a special day for AxaCofinance<\/a>. Today this is the 75th day online for our Website.
\nYes, Since 2 months and a half, AxaCofinance<\/a> is working, growing and paying everyday, 7 days a week. This is only the start for this amazing venture and we’ll continue to provide the best service.
\nFirst we would thanks each member for the awesome support since the start. We appreciated all the emails and suggestions, which are welcome as usual. We receive many tickets every day, we count more than 1000 members so please allow us 24 hours to reply your ticket. Thank you for understanding.
\nWe have seen many requests about adding a phone number and the bank wire deposit option. We are looking for introduce both features soon. Phone support could be installed next month. The bank wire deposit is in our mind, and we are looking how setup this, considering fees, minimum deposit….
\nOther news for today is concerning the maximum deposit with the plan C, The maximum deposit has been increased to $50 000.
\nTo finish, we would like to present you our Special Offer for this week. Available for 7 days from now.
\nInvestments in plan A will get 5% bonus Investments in plan B will get 10% bonus Investments in plan C will get 15% bonus
\nBonus will be credited after each deposit, within 12-24hours.
\nBest regards, David from AxaCofinance<\/a>.<\/em>\u201d<\/p>\n

SazaInvestments<\/a> (reviewed here<\/a>) paid all the weekly withdrawals that were requested to the correct payment processor. Please remember next time that ONLY the payments requested to the correct payment processor (the one that you deposited with) will be paid. The admin of SazaInvestments<\/a> Ricardo (interviewed here<\/a>) warned about that countless times now. So all the cashouts that were requested to the right payment processors are paid and the next scheduled payout when you can get your 8%-10% weekly payment from SazaInvestments<\/a> is scheduled for next Friday:
\n\u201cAll payments done again. For whoever got his payouts canceled means it was not requested on the right payment processor or on the right account. Most of you who didn’t got your payouts were not requested on the right payment accounts. With over 9000 payouts do be done manually we don’t have the psychical time to can manually check all of them and make them. So each time you requested them wrong we just cancel them and returned to your account. You can just request them right immediately again and we make the payment but if you don’t we will proceed them next time you will do it right. We really hope you can understand this. Thank you all for your trust in us. Regards, SazaInvestments<\/a> Team<\/em>\u201d.<\/p>\n

MindPowerSurf<\/a> (reviewed here<\/a>) rewarded the three fastest members today that sent the admin the required information yesterday about their referrals. Here is the update from Mircea, the admin regarding this:
\n\u201cYesterday, I kindly asked members to send me few informations about the referrals they have and the amount earned from ref com. I received many tickets, I checked the accuracy of the data and I decided to reward the first 3 members. Place 1 \u2013 100$ as upgrade in Mind Plan \u2013 member ID # 109; Place 2 \u2013 60$ as upgrade in Mind Plan – member ID # 43; Place 3 \u2013 30$ as upgrade in Mind Plan – member ID # 31; Keep it up your good job from now on also. Mircea I Admin MPS<\/em>\u201d.<\/p>\n

Another surfing program YesICanSurf<\/a> sent out a short update today saying that the weekly rebates had been added to members’ accounts. Here is the update:
\n\u201cThis week rebate distribution has been Done. This week rebate distributed ++ we distribute 10% in this week. Thank you and happy surfing<\/em>\u201d.<\/p>\n

I surfed in INSPremiumAds<\/a> today and it was interrupted by a page containing a virus which prevented me from surfing the rest of the pages. I have already contacted the admin of the program Ubaid and asked him to solve the problem. No answer’s been received so far so I have to advise you to be careful when surfing in INSPremiumAds<\/a> until the issue is solved.<\/p>\n

Also there was no reply from the admin of TheFifthContract<\/strong> today to my request. The thing is that I couldn’t access my account today and the Forgot Password feature doesn’t work for me either. The most interesting part is that I know that my password is right but still can’t access my account. Hopefully it’s just a glitch in the script. However having contacted the admin and not receiving any reply I have to put TheFifthContract<\/strong> program to Waiting status on my monitoring page<\/a>. Hopefully it’s just a temporary measure and I will be granted access to my account again soon.<\/p>\n

The admin of PexmoFund<\/a> which will be reviewed on my blog tomorrow sent out a welcome message to all the new members of his program. He promised to add some sweet bonuses for all large investors (who deposit over $200 in his program). To obtain the bonus you should email the admin after making your deposit into any of three plans offered by them: 6% for 25 days, 12% for 12 days or 124% after 5 days. Here is the newsletter:
\n\u201cWelcome to PexmoFund<\/a> Inc, Worldwide investment group, We at Pexmo will provide you the best investment tools. With our motivated and skilled team working at the highest level of commitment to fetch you the right returns for your investment. As a part of the welcome gift we at PexmoFund<\/a> have decided to offer our investors with some bonus. For all deposits above $200 you can earn a bonus of 5% of your deposit credited to your account, deposit from $500 – $990 would earn 10% bonus and 15% bonus for all deposit of $1000 and above, Please send an email with your deposit details to the support to avail the bonus offer.
\nOnce again a very warm welcome to PexmoFund<\/a> Inc family.<\/em>\u201d<\/p>\n

Very many programs paid me today and the list includes the following: RoyalRoi<\/a>, GoldNuggetInvest<\/a>, MindPowerSurf<\/a>, FxCapitalInvestment<\/a>, Verifield<\/a>, MoneyCare<\/a>, SeamlessProfitable<\/a>, SavInvest<\/a>, PanaMoney<\/a>, GeniusFunds<\/a>, CSMFinance<\/a>, IncoForex<\/a>, StableInterest<\/a>, InvestmentForge<\/a>, WLInvestments<\/a>, AimTrust<\/a>, XagaEnterprise<\/a>, 4CountriesCapital<\/a>, PTVPartner<\/a>, BlackDiamondPortfolio<\/a>, AxaCofinance<\/a>, ShiftMoney<\/a>, Capitalex<\/a>, NanoMoneyCorp<\/a>, GainRoi<\/a>, OneDailyPro<\/a>, GlobalFund<\/a>, Metualis<\/a>, XrateInvest<\/a>, CedexInvest<\/a>, AmericanInvestmentFund<\/a>, XomFund<\/a>, KobelCapital<\/a>, WOIC<\/a>, SazaInvestments<\/a>, PremiumCapital<\/a> (the first instant payment received) and PexmoFund<\/a> (the first payment received). That’s all for today, folks. See you on my blog tomorrow with another review and the latest updates from the Industry! And of course enjoy your weekend!<\/p>\n","protected":false},"excerpt":{"rendered":"

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