Payment Processors, Alertpay and SolidTrustPay moving with the times…

If you are a regular reader you’ll know that in the last couple of weeks I’ve written a lot about AutoXTen and to a lesser extent OneX. Both programs are currently launching and have marketed heavily.

OneX was slow off the blocks as they had problems establishing links with a reputable payment processor. The delays led to some of the first invitees leaving and setting up AutoXTen as they already had a business relationship with Alertpay.

Eventually OneX got their act together and established payment links with SolidTrustPay.

As I’ve reported in previous posts I’ve never been a great fan of online payment processors and to be honest I didn’t think much had changed since I used them last.

It appears however that things have moved on for both companies. My main gripe in the past has been both the cost and hassle involved in transferring relatively small sums of money from my personal account into a payment processor account.

I did know that Alertpay were shaping up quite well as I’d been able to transfer funds directly from my personal bank account or use credit cards fairly recently. And it now seems that SolidTrustPay are offering very similar services. It’s not quite as seamless as AlertPay given that I need to go through a third party such as inpay (another new company I’ve only just heard of) but when I used it yesterday it seemed to work pretty well (assuming of course that inpay have an arrangement with your bank).

There are costs involved but they are much less than say a wire transfer fee. So, if you are thinking of joining either OneX or AutoXTen then you should not worry too much when needing to fund either SolidTrustPay or Alertpay.

OneX are also offering an alternative where you can fund your account via credit card but as of writing this post that facility was not fully working.

Genius Fund keeping members up to date…

At the risk of scuppering yet another online investing programme (see previous posts about Vanfunds and Cash Tanker) I’ve just received a positive update from Genius Funds.

They have now expanded their translated versions to include Spanish and French. It seems to me that Genius Funds has a very clear business plan and are following it quietly and calmly. They don’t create a lot of speculation or comment but do pay regularly.

The update also mentions that compounding is available on all investment plans. To me this is a real strength of Genius Funds as you don’t have to start with a large investment. Assuming you can truly practice patience you would be able to compound earnings and see your fund grow steadily.

In previous posts I’ve given my view on retrieving seed capital in a timely manner and I think Genius Funds is an example of where I would invest a sum that wouldn’t impact me if it was lost for any reason. Assuming that doesn’t happen the regular drip feeding of earnings would create a potential long term income for the future.

I’m sure others would disagree with this approach but given that Genius Funds has been paying for a significant time already I think the risk is worth it.

As far as available plans go there is both a daily and weekly one, the daily EMGF pays between 1.0 to 1.9% and the weekly WBMF pays between 6.0 and 9.0%. The variability of interest attaches to the sum you invest, the more you deposit the greater the return.

For members who use AlertPay the company has now got agreement that deposits can be made with a credit card. This won’t suit everyone and you should think carefully before using the facility but it does provide an alternative funding method. Other funding methods include Liberty Reserve, SolidTrustPay, StrictPay and Bank Transfer (note that higher deposits are needed when using this method).

Finally, site security is being beefed up as a recent DDOS attack created some website uptime problems and this is being addressed.

Gold Nugget Invest encourage members to demonstrate their caring side…

For the last few years I’ve asked my daughters to make a contribution to a worthy cause on my behalf rather than buy me a present. I hope this gives them an idea of the importance of helping others and allows me to action the principle of paying it forward.

So, it’s good to see that an online investing programme is also taking an active role in encouraging members to help those less fortunate than ourselves. In a recent newsletter Gold Nugget Invest are asking their investors to make a contribution to two charities that they believe are fully deserving:

1. Ugandan refugees who have suffered greatly from internal conflicts and poor harvests
2. Kids for Life Foundation who help those youngsters suffering from AIDS

To provide an incentive Gold Nugget Invest are willing to provide rewards for those members who donate the most. For the four highest donations there will be deposits made in the weekly plan of $500, $250, $100 and $50.

So that everything is kept above board an independent overseer has been appointed to ensure that all donations are captured and that funds go to the right place.

In a recent post I made the point that online investing companies needed to provide greater credibility for investors to take them seriously. I’m glad to see that Gold Nugget Invest is showing some creative thought and this can only help the industry.

If you haven’t yet joined Gold Nugget Invest I would recommend you take a close look as this is a real opportunity and proves itself time after time.

Minimum investment is $50 from which you can a fixed return of 6% a week. If you have over $20K to invest the weekly return is 7.5%. Returns are achieved by way of sports arbitrage which is a reliable and steady source of funds. Funding is available via Liberty Reserve, StrictPay, Perfect Money, Solid Trust Pay or Bank Wire.

Gold Nugget Invest working flawlessly…

Now that Gold Nugget Invest (GNI) have got their new website up and running I’m pleased to report that everything is running very smoothly. Just before they changed over there was a small hiccup with crediting earnings to accounts but this has now been resolved (which I can personally testify to).

I’ve already made two cash withdrawals and both went smoothly although I didn’t receive a formal notice that they had completed so I need to find out whether that is still to be implemented.

If you do your own checks I’m sure you will find that GNI get very positive feedback on all aspects of their business and the new website just adds to the professional approach they are taking.

If this is the first you’ve heard about GNI then I would encourage you to spend a little time finding out more as they provide the opportunity for you to profit from the arbitrage trading that they do as a full time occupation. You can earn up to 7.5% return per week which is a great return for basically very little effort on your part.

Investments can be made via Liberty Reserve, StrictPay, SolidTrust Pay and PerfectMoney so you should have plenty of options there.

I realise that I have posted about GNI quite a lot recently but I really do believe that it has a lot to offer and would urge readers to investigate for themselves as soon as possible.

Thirty Dollar Unit acknowledging deposits…

Previously I’ve reported that Thirty Dollar Unit has announced a closing date for deposits of 13 February, just 5 days away. Some people have reported that they felt uneasy with this programme as there was little information coming out and the admin was unresponsive.

I can report that over the last few days there have been a spate of posts on forums that acknowledgements for deposits are now turning up and the view is becoming more positive. Unfortunately they still can’t process any AlertPay transactions so all payments have to be made using Solid Trust Pay for the time being. This does restrict people, especially given the short time left for deposits to be made.

As I’ve said many times the road of online investing has many detours and roadblocks along the way but it does seem that there is a genuine attempt to get Thirty Dollar Unit in a place where payouts can begin.

For those who are new to Thirty Dollar Unit you should know that payouts are $12,500 per unit purchased (although this can be more if you refer others). The sign up process whilst fairly easy does need to be studied carefully as a lot of would be investors are getting confused.

Thirty Dollar Unit is resolving AlertPay issue…

It appears that some people have created difficulties at Thirty Dollar Unit by making mistakes at AlertPay. It seems that a lot of people use the Thirty Dollar Unit email address in the payment details which is clearly incorrect. Also, someone may have tried to open an AlertPay account with the Thirty Dollar Unit email details which has caused increased difficulties.

Luckily the admin is well aware of the situation and is in the process of clearing the problem up.

It’s a shame that this has happened at such a key time for the programme as final applications are required by mid-February. So, for the time being the only payment method available is Solid Trust Pay.