HYIP is a shortcut for High-yeald investment program. I must admit I don’t like this way of making money on the Internet at all. So if you are fan of these earning money programs consider further reading of this article:)
So how do most of the HYIPs work? It is really simple pyramid scheme when everything run smoothly until there is enough new members joining and willing to invest. The program usually promises fast return of your investment with some nice extra earnings. You don’t need to do anything just invest, wait for few days and cash out money.
Why are people willing to join hyips?
They usually offer nice design since they want to attract visitors and create the imaginings of honest and professional business.
The whole scamming process looks usually like this:
You find this program and think: “Hey what’s this site all about? It looks nice and offers fast income without any work. Let’s try it and invest just $5.” After few days you receive payment $6 without any problem. You think you just found gold mine and decide to reinvest money plus add something more from own pocket. And again you receive your payment without problem fast. Now you think the program is honest since you were paid. You decide to do some serious investment and thinking how easy is making money online. Next day you want to check your account to see how your investment is progressing. But what??! The site is gone. Congrats you were just scammed and will probably never see your money again.
Only think I can suggest you if you will get into this situation contact your money processing operator (usually alertpay or liberty reserve work with most of hyips) and tell them what happened. If you will be lucky you can gain back at least part of your investment. But best advice I can give you here is just avoid hyips and look for less risky business.
If you just still can not resist HYIPs and want to reduce the risk of loosing your investment visit hyips monitor sites (such as HYIP Monitor GoldPoll) they usually offer list of actually paying sites with reviews and ratings.
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