Payza User agreement Update and hyip market.

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17-07-2012

Payza User agreement updates goes against Hyip Market .

The world wide payment processor payza( alertpay) changed their user agreement ,based on these changes payza will no longer accept any kind of high yield investment programes and Unregistered/Unlicensed investment Services which offer daily return .These changes will have negative effect on Hyip market .

Payza updated it’s User Agreement on the 15th July to reflect that it will be no longer accepting any type of companies offering unregistered investment, any type of daily returns, etc.

You can read the following official news published  on payza blog .

Since the launch of the Payza platform, the Payza Board of Directors has been evaluating all existing and developing market and regulatory conditions in relation to the company’s performance strategy. Because the mission of Payza is to provide the best customer experience in the global online payment processing industry, the Board has identified important emerging business sectors that will foster new payment routes for all of our customers and has mandated the continued development of Payza’s authorized exchangers list. Additional resources have also been allocated to improving customer satisfaction and the processes necessary to resolving outstanding client issues.

As a result of this evaluation, certain sectors currently experiencing increasingly strict regulatory conditions have been recategorized. In order to provide all Payza members with the most secure and stable platform, an amendment to Section 6.02 of the User Agreement has been effectuated:

Section 6.02 – Activities Not Allowed

Any indication or demonstration of a literal rate of return on a contribution, payment or investment, while not being licensed to sell or solicit.
Selling of Unregistered/Unlicensed Stocks, bonds, securities, options, futures, or investments in any entity or property, including (but not limited to) corporations and partnerships or sole proprietorship, are prohibited:
Solicitation, marketing campaign, direct selling or any other comparative effort will be considered a violation of the User Agreement. If you are registered or licensed to take such action, you may be requested to present documentation demonstrating authority to do so from a Securities Exchange Commission, Commodities Futures Trading Commission or other equal and comparative agency.

Based on above mentioned changes and updates in payza user agreement we think that Hyip admins will have to shift to use another payment system beside LR ,which can be solidtrustpay .

we hope to see your comments which express your opinion about that update .

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