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Apr 27th 2007
No to Any Sites Having their own Payment Processor
Tags: No Tags.Leo, Drunk’s World has a great article on this issue, you should probably read it.
Past history since 4 to 6 years back has shown, none of the sites that has started their own payment processor can survive for the long run.
PIPS, StudioTraffic were the biggest flop, and the list continues.
Popularity: 4% [?]
I could not agree more. There is actually a program I would like to try but because they have their own payment processor I won’t touch it.
I voiced my opinion on this issue last year at “Autosurfs/HYIPs running their own Payment Processors.” And several times this year on the CEP and TriStar threads.
As long as a Payment Processors is intertwined with a HYIP and forces the use of that Payment Processor as the only payment option, then it is just another place for people to lose their money. It is virtual money until it reaches a place where you can spend it elsewhere, like your bank, e-gold, PayPal, etc.
JMO,
Sharon
Hmmm…. I am just trying to think of any autosurf site without a payment processor that has lasted. Sorry, can’t think of one.
Now we must not forget AllEC at PSX…… They can exchange almost every EC out there. I wonder if they’ve added any news on their forum about the latest 1mdc situation via e-gold. I mean, wouldn’t it be prudent to continue the illusion of a legit program……I’m sure HJB will make the appropriate changes when necessary. Now altogether everyone Yeah team PSX!!!!! #@$% %&#@
Why would this kind of article about inhouse PP always reapeated? Yes, its not good but there is always an exemption.
marius: which is… ?
STP is an exception, because their HYIP doesn’t require the use of STP and has other options. In addition those programs using STP is not required to use it exclusively. It’s when exclusive use is required that the PP is unsafe.
JMO,
Sharon
P.S. All EC Exchange is an exchange site and not a payment processor. The difference is that you can’t hold funds in an exchange site, they are for transfers only. Payment processors act more like a bank, where you can do exchanges and hold funds in an account.