Bank information and update

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29-06-2005, 02:08 PM
John Christopherson

Bank information and update

I am pro-PIPS, but am afraid that several calls to Picpay reveal that only 10 withdrawals are being approved per day and bankwires and cheques will continue to be 5-6 months behind for a very long time.

These were phone calls this week. About 80,000 are trying to withdraw according to the communication.

Then I read the VAT update that they are ready to go, but Picpay is not. Then the Phillippines bank can speed up withdrawals if additional staff were employed by them and Picpay - but they won't.

Also, they could use the services at http://www.epaycardservices.com/ or http://discount.can-wtd.com/index.php?ref= - we members are quite prepared to pay the additional costs. We are also prepared to pay for additional Picpay and Bank staff.

This is very sad news for a very loyal Pipster. All I can do is hang in there.
29-06-2005, 03:59 PM
tesos

Re: Bank information and update

Quote:

Originally Posted by John Christopherson

I am pro-PIPS, but am afraid that several calls to Malaysia reveal that only 10 withdrawals are being approved per day and bankwires and cheques will continue to be 5-6 months behind for a very long time.

These were phone calls this week. About 80,000 are trying to withdraw according to the communication.

Then I read the VAT update that they are ready to go, but Picpay is not. Then the Phillippines bank can speed up withdrawals if additional staff were employed by them and Picpay - but they won't.

Also, they could use the services at http://www.epaycardservices.com/ or http://discount.can-wtd.com/index.php?ref= - we members are quite prepared to pay the additional costs. We are also prepared to pay for additional Picpay and Bank staff.

This is very sad news for a very loyal Pipster. All I can do is hang in there.

John, I agree with you that the problems you mention will dog us for a long time.

Just FYI as far as the other services are concerned I don't know about epaycards but I know that Can Card has been listed on many sites as scam and there are people posting they've lost thousands in funds that were deposited but never paid out. So I think VAT is a good choice that can deliver if PicPay can provide.

As it's been posted in the past - if VAT will not work out as promised then we must accept the fact that we have been led on with empty promises.

I still am a loyal pipster but I already put PIPS on a back burner and moved on. Besides being involved with HYIPs and autosurf programs, I started trading Forex and guess what? Perhaps a beginners luck, but I've averaged over 10% a day profit for 2 weeks straight.

So for those of us who have a fixation about PIPS as the greatest program on earth I'd suggest you take a second look. As always in life, the greats come down and may rise again but I would not bet my life on it.
29-06-2005, 04:52 PM
bruce tracy

How hard would it be for the respected banking authoritys to say ok user name BIGFOOT is assioiated with the picpay acount BIGTOE so then break it down to a binary number then relate it to an account number so only the only the pips account holder BIGFOOT cansend & recive funds from that account number it is that simple its impossible.
Bruce
30-06-2005, 02:46 AM
jetpilot

VAT is not the problem, PICPAY is.(not the staff) Vat can process thousands of withdrawals but they need BRYAN to send the funds. It has always been the problem.

Another big problem is with IT. They work their butts off but I think they need consultant from countries like Japan(where they handle data base in the billions of names & numbers). A 200,000 accounts data base is relatively small and look at all the problems they have.

lastly, VAT's platform for DC withdrawals was working great until PICPAY stopped sending funds.(the reason given???not fair for people who ordered WT...ludicrious). When the convention was happening, we got money, the convention ended so did the funds.
30-06-2005, 10:53 AM
goodsdirect

Quote:

Originally Posted by jetpilot

VAT is not the problem, PICPAY is.(not the staff) Vat can process thousands of withdrawals but they need BRYAN to send the funds. It has always been the problem.

Another big problem is with IT. They work their butts off but I think they need consultant from countries like Japan(where they handle data base in the billions of names & numbers). A 200,000 accounts data base is relatively small and look at all the problems they have.

lastly, VAT's platform for DC withdrawals was working great until PICPAY stopped sending funds.(the reason given???not fair for people who ordered WT...ludicrious). When the convention was happening, we got money, the convention ended so did the funds.

Your post is not very accurate, and quite negative. Don't allow your emotions to take over your logic. :)

There are over 250,000 members, with over 500,000 accounts.

Withdrawals have been a problem since December of last year. Payments are still coming through, they have not stopped.

I was at the Speedy Wallet office yesterday, I was told their just about ready, it's not so simple as you make it sound. This is very complex, many factors involved.
30-06-2005, 11:00 AM
John Christopherson

Question: is VAT about ready or Picpay?

VAT's announcement the other day was that they were ready, but Picpay wasn't.

[quote=I was at the Speedy Wallet office yesterday, I was told their just about ready, it's not so simple as you make it sound. This is very complex, many factors involved.[/quote]
30-06-2005, 03:26 PM
wol

I think you miscalcualte the total number of members.

By checking several accounts, I have compared the increase in transaction numbers on a daily basis, and all the accounts bear close resemblance to each other.

In January the difference between transaction numbers each day was about 33,000, and this has risen to about 87,000 at this time. This would suggest there are currently 87,000 pips accounts.

This number at january tallied closely with the number of picpay forum members. there was one for each account atthat time, although this correlation has changed due to the disassociation of the account from the forum login.

My best guess is that there are 87,000 pips accounts, and there will be some duplicates.
30-06-2005, 03:59 PM
morfie

wol,

That is not entirely true, That is number of transactions in a day not members in the system.

Say for example if one has a new account then they wouldnt be buying new units so there is no transaction for that account. You didnt think about that.
01-07-2005, 06:07 AM
thinksnow

morfie doesn't your membership number relate to the number of pips accounts? :? I have a friend who's number is 35,000 (aprox) and another friend who recently joined & his is 660,000 (aprox) :?
02-07-2005, 01:41 AM
Necromancer

Quote:

Originally Posted by wol

I think you miscalcualte the total number of members.

By checking several accounts, I have compared the increase in transaction numbers on a daily basis, and all the accounts bear close resemblance to each other.

In January the difference between transaction numbers each day was about 33,000, and this has risen to about 87,000 at this time. This would suggest there are currently 87,000 pips accounts.

This number at january tallied closely with the number of picpay forum members. there was one for each account atthat time, although this correlation has changed due to the disassociation of the account from the forum login.

My best guess is that there are 87,000 pips accounts, and there will be some duplicates.

Sorry, but ur assumption is wrong. Bryan said at the convention, that we are almost 200 000 members and over 400 000 accounts.
Quite a number huh?

greets

Necro 8)
02-07-2005, 05:04 AM
AbunDance

Why have this conversation?

Why do major companies not have public forums...this information hurts them that's why? If major companies open public forums about their internal workings...they wouldn't be big companies for much longer. Bit like a kitchen where a famous chef works etc....get the drift????
02-07-2005, 05:10 PM
peacock

It is understood that the agreement with VAT was pending with Bryan for the last many days.

Does anyone know wheather he has signed or not?
02-07-2005, 11:31 PM
Money Duck

Re: Bank information and update

Quote:

Originally Posted by John Christopherson

several calls to Malaysia

No one stated the obvious............quit calling the banks.

Are you in business for yourself?

If so please post your business partners here in the forum. Let 1,000 or so of us call them and bug them on a weekly basis and see how willing they are to continue to work with you after we call in and ask a bunch of questions.

Had to say it.......part of the reason the other forum got shut down.
03-07-2005, 01:55 AM
John Christopherson

Re: Bank information and update

These were calls to Picpay, as the context shows. I am pro-PIPS, so why would I call the banks.

Picpay must hire at least 10 more people to speed up the process.

Quote:

Originally Posted by Money Duck

Quote:

Originally Posted by John Christopherson

several calls to Malaysia

No one stated the obvious............quit calling the banks.

Are you in business for yourself?

If so please post your business partners here in the forum. Let 1,000 or so of us call them and bug them on a weekly basis and see how willing they are to continue to work with you after we call in and ask a bunch of questions.

Had to say it.......part of the reason the other forum got shut down.
03-07-2005, 02:38 AM
Money Duck

Sorry, misread.

Still we all know how backed up they are, no real need to call them to check on it.

Transactions will start to flow when they start to flow.
03-07-2005, 02:43 AM
John Christopherson

OK pal. No worries. I must say that I am getting increasingly worried though and feel very sorry for all those that have come in due to the positive word about PIPS around Australia by its members.

Man, I do hope that PIPS pulls through.
03-07-2005, 12:02 PM
denim

Quote:

Originally Posted by peacock

It is understood that the agreement with VAT was pending with Bryan for the last many days.

Does anyone know wheather he has signed or not?

I am sure we will be adequately informed in our back office. Anything else is just hear say.
03-07-2005, 03:03 PM
scubadiver

It was stated in a previous post that "Picpay must hire at least 10 more people to speed up the process." Please explain how PicPay having 10 more people would speed up the process since the hold up is with the banks. PicPay has the batches ready to send to the bank but the bank is only processing a very small number per day as previously stated.
03-07-2005, 04:43 PM
hyi-center.net

number of "Active" members are. but it's still not a perfect figure to work from because you don't know how many people from your PIPS ID number have actually made a deposit.
By checking my account there's at least 100,000 batch numbers apart from the previous pay run.

Quote:

Originally Posted by morfie

wol,

That is not entirely true, That is number of transactions in a day not members in the system.

Say for example if one has a new account then they wouldnt be buying new units so there is no transaction for that account. You didnt think about that.
03-07-2005, 11:11 PM
John Christopherson

1. because we need swift answers to queries and problems. So many are not resolved for months. The average solution must be 2-3 weeks. They have a staff shortage.

2. PIPS can pay for additional staff for the bank - why it doesn't do so to speed up the process is a mystery.

There might be logical answers to the above, but unless we are told, we don't know.

Quote:

Originally Posted by scubadiver

It was stated in a previous post that "Picpay must hire at least 10 more people to speed up the process." Please explain how PicPay having 10 more people would speed up the process since the hold up is with the banks. PicPay has the batches ready to send to the bank but the bank is only processing a very small number per day as previously stated.
04-07-2005, 05:25 AM
Money Duck

Just curious....not sure why you guys keep suggesting that they hire more staff for the bank.

Maybe I should walk into my bank Tuesday and tell them they do not have enough employees and hire some for them. Ofcourse I will want to hight my own staff. LOL
04-07-2005, 08:43 AM
John Christopherson

But your bank is not understaffed. But if it was and you offered to pay for them because you had $3billion, I am sure that they would take up the offer. Staff is so cheap in the Phillippines.

Look, all we are doing is offering some suggestions in case the forum is being perused by PIPS staff.

We are NOT anti-PIPS - we are pro-PIPS and want it to survive. It is now pretty obvious that things have gone wrong. But we pray and hope it works out

We ar sure it will, but wish we had some communication from them - that is all.

Quote:

Originally Posted by Money Duck

Just curious....not sure why you guys keep suggesting that they hire more staff for the bank.

Maybe I should walk into my bank Tuesday and tell them they do not have enough employees and hire some for them. Ofcourse I will want to hight my own staff. LOL
04-07-2005, 02:18 PM
AbunDance

Praying John is not the answer

John, you have got the wrong idea about pips. Pips is not a regular 'western style' company. It is an 'idea' of a way to enable people from any part of the world who have access to a PC and some 'spare' $ to believe in a better life. This life has come for many pipsters and communities already and will do for many more to come. You should never be worried John. You should never have put in $ that you cannot afford to lose....If you believe in them (pips) they will do their best to live up to that belief. Leave them alone...particulary at this time of heavy work load and it will all work out for you....believe that..and it will be so..