Thread: 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.

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.

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

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.

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.

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]

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.

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.

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) :?

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)