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Autosurf – Scam or real?

Monday, August 04, 2008

I have been monitoring Autosurf for quite a while. I have yet to find one Autosurf site that can exist for many years. I have observed so many Autosurfs come and go. So many of them just vanished suddenly, taking away member's money and run. The best Autosurf I have seen is 12DailyPro (which is gone and the most notorious by now). At the time before it turned out to be a scam, it was rated high, good and paying members everywhere. Many members had confessed enjoying good money from them as promised. Some even dropped the idea of having to work hard on eBay to earn a few thousands. Just put in enough money into 12DailyPro and surf 10-20 minutes a day, you can enjoy the same return on investment. Some had bought cars and or various stuff they had always wanted to using the money they had made. It was really easy and good money to make. It was like never before that, you can really have free lunch without having to work hard.

Of course, there were also words of caution somewhere in the Internet that it could be a ponzi scheme and ask everybody to stay away.

Worth taking calculated risk?
No risk no gain, right? Sure, you have to take some chances right? 12DailyPro does seem like a calculated risk to take based on its excellent track record.

What can go wrong with Autosurf?
Hence, I gave it a try. I put in some small money just to test water. It worked. I got a bit of return. I increased that, and it worked again, and I continued. Then there came the issue of fake referrer members cheating them. They took great pains in trying to isolate the cheating members from the genuine ones. It was a great pain for them indeed because there is really a lot of work to do.

In comparison, StudioTraffic, which has been operating for many years simply took the simple way out of blocking all the members from that specific country, confiscating all money of members from the country even though 90% of the members from that country are innocent. For 12DailyPro, payment was delayed for a while but eventually it was paid back. This gave the confidence that they were really serious in the business and not just trying to cheat money from people. They also had several issues of server running out of steam because their member base had increased ten fold and the load on the server became too heavy. They resolved that and really compensated members for the missing days where they cannot surf the site advertisements due to the heavy load on the server. This, again, added confidence that they were serious about the business.

What can go wrong with Payment processor?
Then came the issue of the payment processor - eGold. eGold was raided by FBI. In response to the fear of being dragged into it, 12DailyPro decided to drop eGold and change to another payment processor - Electronic Money Order - EMO (which is now, gone as well). At that time, most members choosen to switch to Stormpay as their alternative payment processor. Stormpay, has been around for many years. It seems to be more prudent. It charges high transaction fee and has very strict charge back scheme. They seemed to be really serious payment processor (Hey, at that time only. Now is an entirely different story. Click here for more information).

Due to the issue with eGold, there were delayed payment for eGold members. To compensate, 12DailyPro attempted to withdraw milliions of dollars from Stormpay to meet the payment obligation which were long delayed. Guess what happen? Stormpay for some reasons play out 12DailyPro. They suddenly frozen 12DailyPro's account! They refuse to allow 12DailyPro to withdraw the money. The official reason they gave was that 12DailyPro is a ponzi and hence violated their terms and conditions. They exercise their rights to freeze 12DailyPro's account. My God! As if they are really professional. In fact, almost every single Autosurf uses Stormpay. And that has been for a long time already. Now then they suddenly say someone is violating their rules? That's obviously the most stupid reason Stormpay is putting up. I would guess that the real reason behind this saga is really that they have spent or invested the money elsewhere and not able to meet the financial obligation! There were also rumours that the government officials (may be the FBI) are investigating their record but not sure.

As a result of Stormpay frozen 12DailyPro's account, 12DailyPro soon finds itself crippled, not being able to meet the financial obligation. Soon, it's buble bursted and the portal just ceased for operation. Some 50 million dollars where now frozen and taken over by the court. No clear procedures on how members or creditors will be issued back their principle amount of money. Nobody knows when such announcement would be made or whether there would be any attempt at all for the court to issue money back to the members who are creditors now. All members would just consider their money completely lost!
In summary, if you are patient enough to read until this point, you have just learnt just everything that can go wrong in the business model of an Autosurf. Lets give a summary of what can go wrong:
  1. The Autosurf operator can take away your money and run
  2. The Autosurf operator can block your country at anytime claiming members cheating them and confiscates all your money.
  3. The Autosurf operator can suddenly close your account or your account's money suddenly gone because their server run out of steam or crash or database record gone haywire.
  4. The payment processor can take way your money and run
  5. The payment processor can charge back to you claiming all the money from your account
  6. Both the Autosurf and the payment processors are not that well regulated by the government as yet due to their new and debatable nature business.
Now with much better understanding what can go wrong, will you still invest in Autosurf?

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