Pips Update

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Pips Update
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Posted by: edward

Forum has been offline most of the day, and they have stopped their referral program. The true test lies within the next few weeks to few months. There are withdrawal problems being reported. Should be an interesting next month in the HYIP world.

Comments?

Posted by: forwardone

Some members have reported losing as much as $50 per month due to the adjustment in not paying commissions. I would imagine that there are some who`ll lose a lot more than that. I wonder how much PIPS will save by stopping the arrangement?

Geoff

Posted by: betrdanevr

I'll bet all in all, Geoff, that the $50 is probably a dribble in the bucket to most of the PIPS accountholders who had generated these commissions.

Certainly any change like this will raise suspicions. But I think were I in his shoes, I'd have been concerned about "wildcat" web sites from the get-go.

Terri

Posted by: Eagle

PIPS has something like 150,000 active accounts. If 2/3 of them pay referrals that would be a $1,000,000 extra income per month to PIPS. That equates to 1 payout day per month.

Happy New Year
Eagle

Posted by: jhaggerty

If they get their withdrawals issues solved in 05, there are going to be some
very happy people. The word is that they are going to get that process
narrowed down to a 48 hr. window to get your monies!
Lookout!
Jeff

Posted by: chateau

The safety of the automated withdrawal has to be tested and assured. Until then I prefer to wait. By withdrawing once a week I will eventually get payments weekly.

Quote:

Originally Posted by jhaggerty

If they get their withdrawals issues solved in 05, there are going to be some
very happy people. The word is that they are going to get that process
narrowed down to a 48 hr. window to get your monies!
Lookout!
Jeff

Posted by: forwardone

If anyone`s struggling to get the site up this URL has been posted as the one to use:-

https://pips.pureinvestor.com/

Geoff

Posted by: candy

It is reported at TG that the state of Texas has issued a cease and desist order against PIPS
www.ssb.state.tx.us/orders/2005/1587.htm

Posted by: betrdanevr

I can still access the Jollypipster site, too.

Posted by: forwardone

Here`s one suggestion for getting rid of that `unwanted` Picpay.

http://www.diamondsforall.com/picpay.htm

Geoff

Posted by: Hardlyworkin

Most recent update today by Bryan:

"Posted: Fri Jun 03, 2005 5:15 am Post subject: WD NEWS

--------------------------------------------------------------------------------

Although things went ok in the Philippines and believe me it was not easy to get things done, the fund transfers did not hit our wire processor until late today which was too late to get the wires moving and out.

I can already feel the disappointment, nobody feels it more than me, BUT I CAN GUARANTEE that withdrawals WILL START going out on Monday and GUARANTEE IS NOT a word I use lightly,if at all.

Apologies for the delays but we are doing everything we can, there are still third parties involved.

Bryan"

Posted by: forwardone

Ludicrous situation; this from the Justpicpay site:-

Quote:

25/06/05

Well some light at the end of the tunnel. Some merchants I spoke to received payments for withdrawals up to and including May 17. Our first withdrawal request is May 18 followed by May 24, 26, 29 and June 16, 20. We hope they sort out the payment system, as we are up to 27 working days from the May 18 withdrawal request date. I continue to push for payment and use every avenue possible to get your orders shipped. I hope to have better news this week. The verification system is now automatic so it is entirely in Picpays hands when your account is verified. From June 3 until June 10 we have a number of orders without order details. A few people have sent me their details. We only receive a few details until your order is processed

Geoff

Posted by: Hardlyworkin

Withdrawls are being processed but at nowhere near the rate needed to eat into the tremendous backlog that currently exists.