Hourpaysystem a Scam? [Hourpaysystem Review]
Hourpaysystem Review: Is it an HYIP Scam?
A new site offering High Yielding Investment Program (HYIP) named ‘Hourpaysystem’ has come to our ‘sight’. Therefore, we decided to right Hourpaysystem Review and put our view about this site in front of everyone.
Static money never grows, therefore, opting for investment is the right thing to do. But the problem arises when people think the investment is child play.
Every genuine investment platforms and companies always put a disclaimer that ‘Investments are Subject to Market Risks’.
It simply means nobody can guarantee that your investment will grow always. Now let us come back to the Hourpaysystem site.
On the homepage of this website, a line is written: “Build You Future with Hourpaysystem”.
But soon we will prove that this site is not able to build anybody’s future except for the people who made this platform. It is because there are other similar sites also working on the internet.
We have seen that after the rise of ‘bitcoins and cryptocurrencies’, the sites offering HYIP programs have started to use new technical terms like ‘Automated’, ‘Bots’, ‘Cryptocurrency’, ‘Algorithms’, ‘Crypto-treading’ etc.
All these technically fancy words give the members assurance that they are putting their money on some latest technology. But in the reality, they are investing in two illegal schemes know as ‘Ponzi Schemes’ and ‘Pyramid Scheme’.
Illegal Scheme Used
Ponzi Scheme is something in which the company pays to its old members from the money invested by the new members. Since the company doesn’t have any real business, therefore, they cannot sustain their chain (&claims) and later shut their site down.
In the Pyramid Scheme, you have to bring new people which come under your chain of people and you will earn a commission for two things. First, for bringing new people and second, when your affiliate brings new members.
Hourpaysystem is clearly using illegal schemes. We do not recommend it. Please maintain a distance from this site. Never share your information both personal as well as financial.
Now, you know Hourpaysystem is not the right platform to invest your money. But don’t you want to know ‘How’ we are so certain about it.
The aim and purpose behind writing Hourpaysystem Review are to make you aware of some red flags that found among every scam sites.
If you get scammed by the Hourpaysystem website or any other site then read our article to take the next right step: What to do when you get scammed?
Mychargeback is the website that helps people to get their chargeback and they have expertise in Service Chargeback which is difficult to get.
For any legal or other doubts, you can take the help of JustAnswer.
What is Hourpaysystem?
Hourpaysystem is an online site that is offering an investment platform to earn a very good ROI (Return On Investment).
The Hourpaysystem website is a good looking site. Its theme and colors all are good. But our main focus is not about the appearance but the work of this website.
Many similar sites are already present on the internet that are scamming people. You can see other websites in Online Investment Scam Category or in the List of Scam Sites.
Red flags on Hourpaysystem
Offering HYIP Scheme
Hourpaysystem site is Offering HYIP (High Yeilding Investment Program) that nothing but a type of Ponzi Scheme. In a Ponzi Scheme, the company pays a high return to its investors from the money invested by new members.
Hourpaysystem doesn’t have any real business to explain its members. They just want you to believe their investment plan blindly.
The reason behind highlighting this point again is to make you understand that no matter what technology any site use if they offer an unrealistic deal then it is not working genuinely.
Gradually with time, a huge amount of debt gets accumulated on the company and company stop paying and even shut their operations and run away with people money.
People who get scammed are the ones who just blinded by their greed. There is a huge list of victims around the world.
Hourpaysystem is not the first site to offer HYIP. There are many websites working and many of them have already stopped their work. They may pay you initially but later it will soon stop its operation.
Absence of Owner Information
Owner information is very important. Every person should try to get all the information about a company before investing in them. Don’t let your guard down by saying nothing wrong will happen to you.
Scammers never reveal their information. If they do then victim sue them (for the obvious reasons). Even if they share the information about their team of experts, the information turns to be fake all the time.
Information is the scale on which we can measure the transparency of the website, especially, on those websites where the transaction of money is happening.
No information about the owner or parent company is present on the Hourpaysystem website. They have guarded their information in WHOIS records as well.
The transparency on the Hourpaysystem site is zero. It is not a good point for any investment company.
Lucrative Plans a Trap
The Hourpaysystem site is offering very high lucrative plans on its site ‘1.45% to 2% return per hours for a different set of hours’ (Depends on the plan you have taken). You can get very high returns on this platform which is not possible on a legitimate investment company.
All investors who work in the investment business always say if you can get a 10% return (annually) then you are a good investor.
No investment platform can guarantee a high-interest rate and zero loss of money. Investment markets are always subjected to market risk. If somebody guarantees it then he/she is misleading you.
Understand this point, no genuine investment platform can offer a guaranteed high-interest rate.
From this point only, one can tell this site is not good to invest but this is the same point where people fall into the scam. It is ironic but true.
Since such sites pay initially, people never believe us. But when they get scammed, in the end, they start to believe and understand the point that the investment plans are lucrative, only made to scam people.
Read our article, Why Do We Fall in Scam? It will make your perspective more clear why we fall into a scam at the first instant.
Content Present on the site are Copied
Content is always considered to be the most important aspect of any site. The importance of the content is that it helps every site to get a good ranking in search engines like Google and Bing.
But Hourpaysystem has used the content from other sites that we have founded and posted below.
The Real Work is Affiliate
The real work on the Hourpaysystem site is to make a new referral or Affiliate. The number of referrals/ affiliates you will make the more commission you will get.
Both referral and affiliate methods used by scammers to scam people, therefore, we also using both words to describe one method of scamming people.
The method implicitly told by scammers is that “we are scamming you and with your help and cooperation we will scam others as well, for that, we are going to offer you a very high commission which we never going to pay”.
Obviously scammers never use such language but their working is exactly the same.
The Hourpaysystem site has explained that they will invest your money, and what they will earn they send the profit to you as per the plan.
But in reality, on the Hourpaysystem site, they are not going to invest any money because they are not real people.
The lucrative plans and affiliate or referral commission of up to 10% commission make the Hourpaysystem site more unstable.
It is because with time they will not be able to pay its members what they have promised and they will shut their site down.
UK Certificate
Many people might want to say that the UK Certificate present on the Hourpaysystem site is proof of its authenticity. When we started to write against such sites we also had the same doubt.
But from our research, we came to know that the UK Certificate is only used for taxation purposes and anybody can have it without much hassle.
Maybe this is the reason why almost every website offering the HYIP scheme has a UK Certificate.
So, in plain and simple language, the UK Certificate present on the Hourpaysystem site is not proof of their authenticity or legitimacy.
End-Note
In Conclusion, Hourpaysystem is a scam or not we leave it to you. You can enlighten us with that but definitely, it is not a good site to use.
We working to create awareness among the people to question the website before they use it. Every year the number of scam sites is increasing and nobody can save you until you save yourself.
The only way is to become aware of the fundamental points found among the scam or bad websites.
Scammers cannot harm us until we help them. Earning online is possible as we are also doing it, but there is “no short-cut to anything worthy.”
Until you don’t see things objectively, scammers will harm you in many different ways. Learn the craft of investment. It is not impossible as many people do. Just some patience is needed.
If you have any doubt about this site then you can ask us. To get the answer of other things from some expert then you can use the service of the JustAnswer.
Please comment, your thought in the below comment box. Your comment keeps us motivated to work round the clock and write about the scam site and help as many people as we can.
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