NO HYIPS FOR PAYZA ANYMORE

Updated: 07/17/2012 15:05
Reprints/Permissions  Hyip Monitor
A very serious update came from Payza administration, saying about some user agreement update. The update particularly touches upon some significant...

A very serious update came from Payza administration, saying about some user agreement update. The update particularly touches upon some significant changes in the ToS of Payza. The update was sent to selected HYIP admins and talks about an amendment made to Section 6.02 – Activities Not Allowed of the User Agreement. Basically as the update says, HYIPs is no longer an accepted type of business to work with, so Payza will stop providing services to any suspicious financial institution.

 

Obviously Payza repeats AlertPay's destiny and despite the fact initially after the AlertPay/Payza rebranding there were not problems with making deposits through Payza to the HYIPs, whose accounts were comparatively easily verified. Right now, obviously some new regulations against the illegal financial activities have been implemented and hence it resulted in making the particular amendment below:

 

"...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..."

 


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