What is HYIP - How does it work?
HYIP – High yield invest program. These programs give high yield for your investments.
The pattern of the program goes like this:
- They have different plans with different interest rates(say 1.5% per day or 2% per day etc.) depending on the amount that you want to deposit.
- They also accept various payment processors such as Liberty Reserve, Altergold, E – gold etc.
- You need to choose the payment processor through which you are going to invest and choose a plan and fill in your details and make the deposit.
- Few sites require you to create and account and make deposits, which will add the interest to your account in the site and you need to cash it out daily.
- The rest of the sites pay the interest directly to the payment processor. These sites will not ask you to create an account but rather give you a reference code through which you can track your deposit.
- Very few sites offer the principal amount back.
- There are daily plans, weekly plans; monthly and yearly plans as well. The longer the period the better the interest rate. This is because the longer they have your deposit the longer they compound it.