Anyone here a member of paypalinvest.com?
September 8, 2012 6:35am CST
I have stumbled upon this HYIP and I became very much interested because they accept PayPal to fund my account. They have different plans for different payment processors. So far they are paying and I have already tried to withdraw to my SolidTrustPay account. They say that HYIP are scams and will just run away with your money. But so far I am getting payout as expected from this site so I will keep on reinvesting whenever I receive payout but also withdraw some.
9 Sep 12
Hi Romzee, HYIP stands for High Yield Investment Program. These are programs that offer high return on investment. Some of these HYIP sites use the Ponzi scheme, which uses the members money to pay other members which, in the long run, could no longer sustain the yields as promised to its members, thereby forcing it to close abruptly without warning, thus labeling it as a scam. That is why be very careful if you want to engage in such program because this is too risky. Choose only those HYIP that are paying its members. There are a lot of HYIP monitors out there that constantly monitoring these HYIPs if they are indeed paying or not.
9 Sep 12
Thanks baddkabee, I don't believe in this HYIP. If I am on your shoes, I will take out all my investment right now because i don't believe any business can sustain paying their members in the long run and why wait for that time to come and be a victim of this scam, wise up baddkabee, you're already a winner and the longer you stay on their scheme the riskier it will become.
11 Sep 12
Thanks romzee. I am constantly monitoring it through the forums and HYIP monitors. I am aware that engaging in this kind of investment is risky that's why I have already withdrawn half of my earnings when they matured and reinvested half of it. The capital that you put into this kind of investment must be one that you are willing to lose so it won't hurt if you indeed lose it.
14 Sep 12
Hello baddkabee It's good that you're receiving your payouts. But if it IS a HYIP as you said, it will eventually get tracked by Paypal and the amounts frozen. I'm pretty sure that Paypal TOS doesn't allow or even associate itself with HYIP. However I'm not sure if some sort of agreement took place between your HYIP and Paypal. My advice is to take your money out of it before it gets frozen.
14 Sep 12
Thanks for your advice micklor. I just had another payout. This time they sent it to my STP account instead of Paypal. It was processed within 24H. Indeed PayPal is against these kinds of online transactions. That is why they are looking for other payment processors that are open this kind of risky business.