Thursday, April 10

STP, now OK Pay, which next?

Hello everyone,

Many of you already know that Solid Trust Pay is moving away form HYIP industry and most likely will never come back (article here). Solid Trust Pay is disadvantageous payment processor and it is not a big deal that they are moving away. I see bigger deal that most likely OK Pay is also moving away from the HYIP industry what is not good at all.



We can talk countless hours about how bad is Solid Trust Pay payment processor with all the huge fees, poor customer support and all the other problems, but OK Pay is payment processor what have everything done right and have all the right tools to be big in this industry. Sadly, but seems that they are moving away from HYIPs. What is the reason behind this? Hard to say, but most likely again some guys just went to talk with them. I'm not user of OK Pay, but I clearly see that they have big advantages if we compare with any other HYIP payment processor out there - low fees (see over here) and OK Pay debit card what offers you option to withdraw your money in any ATM around the world (see over here).

There is some cases around what is worth to note, for example program inv.biz received this email from OK Pay:
You need to urgently disable the acceptance of payments in OKPAY currency on your website, remove all the graphics and any mention of the OKPAY. Your type of business is no longer supported by our payment system. Please fulfill the required conditions and to stop accepting payments via OKPAY.
Also there is rumors that big grand of 2014 FinMutual is going to stop processing payments via OK Pay, as well. If we check how FinMutual website looked in 30th of March (web archive here) then we clearly see OK Pay logo in bottom of the page, but now OK Pay logo is removed. When you try to place deposit you see following alert "Merchant is not verified". Surely, OK Pay has removed them, but I hope this accident will have no affect on FinMutual.

Which will be the next one?
For OKPay this "change" is not something unexpected and as you might know that there is close connection between EGO Pay and OK Pay what most likely have the same owners or at least group of owners. As you remember EGO Pay previously stopped accepting payments from US customers (article here), so might be that these two tings are somehow connected. Which will be the next? I do  think that there will be no changes from HYIP payment processors in the near future, only thing what can happen is that more and more payment processors will stop to serve US customers.



In the end I want to say that this OK Pay problem most likely will not affect HYIP industry at all. I know that some people use it, but cases when people use OK Pay are so rare that this occurrence will not affect industry at all. For now we have industry leaders Perfect Money, EGO Pay, PAYEER and cryptocurrency Bitcoin what are strongly keeping things in their hands.

David
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