Liberty Reserve is slowly killing hyip and autosurf industries.

Oh, I know they will not eliminate it, but they are costing the participants millions!

Too Much Down time.
API problems
SCI problems.
DDOS down time.
Locked accounts
Horrific customer service.

We have a program that we would have launched last year had there been an ecurrency that could accommodate it. But there isn't one, even now. You CANNOT operate a legitimate investment site on an ecurrency that 1) isn't available 24/7, 2) undergoes weekly DDOS attacks and succumbs to them, 3) cannot provide a bug free api/sci interface, 4) Locks ANYONES, account at ANYTIME for ANY REASON and then won't respond IMMEDIATELY.

I tried to acquire an account for us that was verified so we would NEVER be locked, blocked, froze etc and was told unnecessary, yet we hear thru the grapevine that accounts are locked/blocked and froze from time to time.

If Liberty cannot get it together, then your high risk opps, just became extreme risk and it is their fault not your admins!

Liquidity and cashflow are absolutely essential to survival.

The absolute, without question, number one reason for HYIP/autosurf failure in later 2008 and so far in 2009 is without a doubt your friendly neighborhood Liberty Reserve.

Plenty of autosurfs around that take other ecurrencies plus hyips as well. If you launch a program you as the admin chooses which to add. (- ; some alternatives out there in 2009

Problem is, If you don't accept Liberty Reserve then you are not addressing 75% of the clientele.

If you do accept Liberty Reserve then you will eventually fail 75% of the clientele.

Not an option for us. So, we decided to just sit back and wait for a decent, dependable, trustworthy ecurrency to grace us with their presence. At that time we will open our doors to those that are interested. Until then we will just continue to lounge at the beach and wait.

Just be sure and stick with the big boys (genius funds, novalex, panamoney, stoic, etc) and stay away from the new hyips and autosurfs. Most, if not all, will fail rapidly if LR continues the up and down.

have fun

It's not the LR, it is the attack on LR...

but most hyip admins are biggest scams so they should be stoped lol
and why should I listen to your opinion if you have only 6 posts here on MMG?
first posts and already complaining about LR which is the best processor today lol

and LR have responed me promtly every time I contactd them.

You've asked a good question

LR is my favorite payment processor, I never had a single problem with them .. actually there is another payment processor which working very hard to show LR as a bad payment processor (don't like to name it) that's why we always find new members on forums complaining about LR .. honestly I don't blame them it's their job!!!

LOL

probably they do it... but that means that LR is goooooood

I like it lol

I havnt heard of them locking accounts. I thought they were one of the few processors that didnt freeze accounts. Can someone provide more details on this?

Lets face it, most of these payment processors only block accounts because they find out the person is involved in an illegal program, i have used egold and Liberty Reserve to fund forex brokers and have never had a problem.

I find it absurd for you to suggest that Hyips are failing because of them, they have not been the same for years because people are to scared to leave there money in them for to long because there are so many scamming Admins.

GP

LR does not respond to enquiries on time or does not respond at all. I have written them 3 times on a serious security issue before and they did not respond even once!

I just wish it was a bit easier to get money INTO Liberty Reserve.

LR is good for me..
Except.., their API and SCI.
Agreed with ts, their is not bug free

Their API and SCI have been working stable lately.

i can't visit LR site using my broadband internet connection

so i m using mobile internet connection on my PC to access LR web site , BAD