Good Morning friends and welcome back to hyipingmoney.org. Hopefully all are enjoying a nice weekend with family and friends.
For the first update for today, there is an interesting development at NewGNi [Review] the High Yield Investment Program that has been a stable performer so far, for 8 months, being launched precisely on 28th December, 2011.
Amidst several complains of LibertyReserve blocking and Limited accounts with big amounts, without any reason whatsoever, the administrator of NewGNi , Jurgen has issued a newsletter dropping LibertyReserve as one of accepted payment processors at NewGNi .
For those investors, including myself who had invested by Liberty Reserve, options are to exchange LibertyReserve to other e-currencies like SolidTrustPay or PerfectMoney, using the in-home exchanger at NewGNi. [ Although, there is a fee associated with the exchange process - The exchange fee for Liberty Reserve => PerfectMoney is set to 8% , The exchange fee for Liberty Reserve => SolidTrust Pay is set to 7% ] or if someone is willing to take the risk of withdrawing to their LR account, in spite of several complains against LR, obviously they can still do that.
Unfortunately, I have lost the faith on LibertyReserve completely, after my LibertyReserve account got limited exactly 4 days back. In spite of promises from LibertyReserve support that i will get a response with 72 hours, there has been no communication from them [ You can read it here - LibertyReserve [LR] SCAM!! My Account Limited For No Reasons ]
The latest NewGNi newsletter [ September 8th, 2012]
Dear clients, friends and fans
By now, most of you might be aware of [or at least have heard about] the dreadful situation Liberty Reserve has maneuvered themselves into recently.
Chris and I discussed the situation again and again and came to the conclusion that the acceptance of Liberty Reserve is not safe anymore. We have therefore decided to drop Liberty Reserve as a payment option for newGNi with immediate effect.
We have received reports from a handful of trusted and long time members as well, whose accounts were blocked without any reason and therefore considering it as negligent for the sake of our members to accept such a payment processor any longer.
We will however continue to process withdrawal requests to Liberty Reserve, in case you believe in them and don’t like to switch to another processor. For all others, we have enabled our Currency Manager once again and you can exchange and withdraw your Liberty Reserve proceeds to Solid Trust Pay or Perfect Money.
Here is a quick How-To Guide:
1. On the left side of the members under ‘Main Menu’ you will find the link to our ‘Currency Manager‘.
2. After clicking on it you will find yourself on a page, showing your current account balances.
3. On the lower part, next to ‘Exchange From’, you’ll find pull-down menus for the Currency to exchange from. You should select Liberty Reserve here, all other directions are not possible.
4. Next to ‘Exchange To’ you can choose, if you like your funds exchanged to SolidTrust Pay or to PerfectMoney. You can also choose if you like your funds exchanged to your Cash Balance to withdraw to your payment processor, or to the E-Wallet for re-investing.
Enter your secondary password and click on ‘Convert Currency’. You are done and your funds will immediately reflect in either your Cash Balance or your E-Wallet. You will also be notified by email, once the transaction is rendered.
Unfortunately there are fees associated with these transactions:The exchange fee for Liberty Reserve => PerfectMoney is set to 8%
The exchange fee for Liberty Reserve => SolidTrust Pay is set to 7%
We consider our fees as moderate, taking into account the current market conditions. Please note: We reserve the right to adjust the exchange fees at anytime and without prior notice, depending on changing market conditions.As the saying goes, one is going, one is coming: In response of many requests, we have agreed to accept EGOPAY as an additional payment option. EGOPAY is an offshore based no-frills payment processor, that was introduced as an alternative to Payza, once Payza decided to stop accepting online investment projects. The advantage of EGOPAY is without any doubt that funds can be moved freely direct to and from Payza without the involvement of any exchange services.
Finally, I’d like to announce the winners of our August Sweepstakes contest: Congratulations to Marc Finnigan, Jennifer Westhuizen and Toby Gallagher, you will all get a $50 iTunes Gift Card. Please check your emails for further instructions.
This month’s contest will be announced in next weeks newsletter on Friday, 14th of September. Look out for it!
Enjoy the rest of your weekend!