Does HYIP Accept PayPal? Why Paypal Does Not Work With HYIP?
Have you ever seen any High Yield Investment Program (HYIP) that accepts payment from PayPal? Does HYIP Accept PayPal? Let me rephrase this, have you seen PayPal ever work with HYIP? Read this article and find out why they both don’t go together.
Why Paypal Does Not Work With HYIP?
Paypal has cracked down revenue sharing type or high yield investment programs and they no longer deal with these cyber scams. In the past, you could file a claim with Paypal and you could still get your money back, even if the HYIP site closes down or the admin disappears.
Due to a high level of scam, PayPal doesn’t work with HYIP anymore. The issue is not with PayPal but the HYIPs. The sources of HYIP funds are not clear enough and transparent. Among every online payment processors, PayPal is the most strict payment programs.
Therefore, most HYIPs only allow e-currencies like Perfect Money, Ego Pay, SolidTrustPay for their business. These e-currencies are not like Paypal because all transaction made with them are final and cannot be refunded.
Most of these so-called investment programs often turn out to be scams and run away with people’s hard earned money. It’s against Paypal’s terms and conditions to do business with high yield investment programs.
Even if the owners of HYIPs use their existing PayPal account, they will eventually be blocked from being used for transactions.
Another reason why most HYIPs don’t work with PayPal can freeze the accounts of the HYIP admins AND the “investors” when the programs violate the Terms of Agreement. As an “investor”, you may lose all your money in the PayPal account due to the shutdown of the company.
Why People Still Believe in HYIP?
All these Ponzi Schemes are aimed at people who want to get rich quick and do not want to take the tried & tested route of – hard work = success.
Most people want to make lots of money quickly and the legal options are often very limited (e.g. Lottery). When a product promises to give you exorbitant returns, people tend to believe it due to our greed.
However, most of the people end up losing their savings and hard-earned money.
I wrote an article on How to Invest Online Without Being Scammed. This should serve as a reference when you look for a legitimate investment company on the internet.
I bet you have seen a lot of HYIP monitors on the internet. Do you know they are controlled by the same people who run the HYIP Scams?
HYIP monitor admins ask any and all HYIP admins to submit their HYIP websites. The monitoring site then collects a processing fee and earn referral commissions from the money that you put in. HYIP admins treat monitoring sites very well. Therefore, if you see paying status on monitoring site, it does not mean, the HYIP is paying all investors.
Some HYIPs are paying profits for investments of monitoring sites but not for the investors. This is to maintain their reputation as a paying HYIP – keeps investors flowing in but in actual fact, investors are not being paid.
Go to any HYIP monitor sites and click on any link of the program. You will notice you will be directed to a referral link. Yes, these HYIP monitoring sites are making money out of you too.
I don’t like the reliance on a Ponzi scheme in order to make bad money. Instead, I do affiliate marketing (it’s different) and rely 100% on myself to build an income online. If you are interested in alternative ways to generate a real passive income online, you might want to consider running your own legitimate online business.
One powerful way to do this is through an approach called affiliate marketing. Affiliate marketing lets you earn money by promoting products from other companies. Any product you promote is going to be based on your opinion, and you are not required to stick with just one company.
If you’re looking for a legitimate way to make money online without trying to qualify for online surveys or getting scammed by HYIPs then Wealthy Affiliate might be what you’ve been looking for.
When I carried out my initial investigation on Wealthy Affiliate, it was purely to see if the company was legit for a few friends of mine, however, I didn’t imagine that I was going to make much or ANY money with them when I first got started, but as it turns out – I did.
Well, I’m happy to say that I’m not the ONLY one making money in Wealthy Affiliate, as you can see from the pics below, and you’d be surprised at HOW many other people are making money too.
I know I was …
If this is an area you’re interested in, you could learn more about this through my 7-day free email course or you could join the program here. The guide is an excellent way to learn all the ins and outs of affiliate marketing and to get started in the field yourself.