T2MoneyKlub – The update hit my inbox this morning for this program in our passive income portfolio. It is a long one so I will take the lazy way out and copy it here:
Latest Update… Crunch Time!!
Hi T2MK and C150 Members.
This will be a joint update to cover both programs. Lots to write so relax and prepare for an epic.
Just firstly wanted to say thank you to everyone who has wished me and my new wife best wishes on our wedding and future. It has been very touching. The whole thing has been hectic and so much crammed into a week, it will probably be a bit of a rest getting back into full time work.
Right…. Where to begin?
There have been 3 very recent issues regarding AlertPay. First is that the funds are going down a little too fast for my liking and I need to make some radical adjustments regarding keeping them healthier and a bit more balanced with their obligations. There are 2 main reasons for this.
People fund more through STP now, and yet in the beginning everyone used AP until we have the problem with them back in December when most turned their back on it as a processor of choice, so all the oldest DPs which have now expired have pulled the most out from there. Secondly, AP hold around 15% of all income for 180 days, at the moment it totals just under $60,000 and won’t start unlocking till June (6 weeks).
Also, the latest panicking in the forums because of my marriage, and certain people advertising it as a red flag and that all your money was going to be stolen, has pushed a huge amount of folks into full withdrawal…. Obviously these individuals responsible for this are not even members of the program and have an agenda to attempt to destroy any chance of T2MK’s survival. Please ignore these individuals, if it was true, then you would not be reading this update today.
Lastly, the AP account was hacked a few days ago and $350 was stolen. Luckily I happened to do a check on the accounts and noticed it… I contacted AP about it, and as a precaution they have blocked the account temporarily until I provide further details, here is the email I got back.
Edited to add: Members may still make payments through AP, we just can’t withdraw.
Hello Mr. Bell,
Thank you for contacting AlertPay. My name is Tayyab and I am happy to assist you.
For security purposes, we have limited your account access as it may have been accessed without your authorization.
Please reply directly to this email with the answers to the following questions so we can investigate the matter further:
• Please provide us a list of any countries that your account may have been accessed from within the last 3 months.
• Have you received any emails that appear to be from “AlertPay” asking you to follow a link or provide your password and Transaction PIN? If so, please forward the email you have received to “email@example.com”.
• Is the password you use to login to your AlertPay account the same password you use for other web sites?
• Are you able to access the email address you use to login to your AlertPay account?
Furthermore, please include the following information with your reply so we can verify your identity:
• Phone number:
• First four digits of your bank account, if applicable:
• Last eight digits of your credit card, if applicable:
• Date of birth:
• Internet Service Provider(s)
We need this information to verify the AlertPay account holder. We will re-activate your account once we receive your reply to this email.
Account Security Analyst
Account Security Team
There are to be some very radical changes to T2MK needed to overcome this hump in the road. I want to send it in the same sort of direction as C150, I may even merge the 2 programs into 1 super program, it all depends on the amount of work and disruption. But for the moment I will need to do the following over the coming days. This may cause T2MK to go off-air for a day, but we will try our best to keep it open.
Here will be the changes.
1…We will be raising the ceiling of DP ownership to 5000 DPs.
2…We will be moving to the 1% daily format temporarily as a test and all current DPs will have their remaining days doubled.
3…We will be lowering the matrix cycling payouts to $25 each seeing as it is purely a bonus.
4…We will delay the cycling until the funds improve in AP, I will put all the sites up on sale this week and that will total over 200 websites, all funds will go to AP,
5…We will put a delay on AP withdrawals of 5 days till we catch up and then limit it to 50% of balance for the day. C150 withdrawals WILL NOT be affected.
6…Tasks will no longer be mandatory (From May 1st) and not doing them will not affect your earnings….HOOOOORAYYYYYY!! (see more below about this).
7…Finally, some of the leaders I have spoken to have requested that we resume memberships in T2MK. So I have put up a poll here on the forum and will let the members decide what they think is for the best. I may be a supporter of a temporary re-opening…
Please cast your vote and discuss this here CAST YOUR VOTE HERE
Please be aware that these measures are for the good of the program and to keep us all good and safe while we get the income more fluid. DO NOT listen to the scare-mongers who will have you beleive that these measures are because we are losing control because the idea that we are doing them in the first place is that we are ‘in control’..
I am going through all the applications to be admins this week, and thank you to everyone who is interested in running some of our websites. We will be starting with minutegigs.com and also the old t2 domain which will become a program monitor website.
As mentioned earlier. We are moving away from mandatory tasking, we believe we have pin-pointed and fixed a lot of the issues that we needed to identify in the system and we can now streamline it for its next purpose.
Tasks will be put onto a voluntary profit share basis. Any member wishing to do tasks will be paid extra for doing them. This will be done on a ‘credit per task’ basis.
If a member does a task, they will obtain a credit which will be redeemed monthly as a profit unit. We will calculate all income from website sales at the end of each month and divide that amount of money by the number of credits issued, this will give each credit a cash value, then all members will have their credits converted to real cash in their accounts. we are expecting around $0.15 per task minimum value which will dwarf anything offered by any ‘Get Paid To’ website.
This will be done on its own website with robust dedicated servers. This will start off with T2MK and C150 member invitation only until the website is sufficiently staffed to roll it out to the general public. this will be a website assembly line, and all websites that drop off the end of the conveyor belt, will be immediately listed. We will be offering staff positions to members first so stay tuned to upcoming updates.
NEW MATRIX CYCLER
As mentioned in an earlier update. We will soon be starting our first T2MK feeder program that will be run by our staff, and the admin fees will go into matrix cycling. We hope to get a pre-launch underway in approx 5 days and the first program will be a real beauty. If you have the ability to get a teambuild together for this one, then you are going to rocket your earnings, it will be like a matrix on banned substances. Even if you don’t want to do teambuilds and things then you will still cycle up very fast as it has probably the most rampant over-spill ability in the industry.
Mark has completed the script for assessing the opt-out payouts. I am looking at these today, and will issue the refunds for the LR and STP funded members, and the AP funded members will be paid out as soon as AP completes their security scan.
OK. I think I will wrap this up here as it is going to be a bit too much information overload. I will start to resume more regular updates as I now have more time on my hands. Please do not bombard us with support questions about the changes. The more support questions we get, the less work we can get through.
Thank You for your understanding and support
Edited to add:
The 20+ AP withdrawals that have flooded in over the past 15 minutes from this update will be returned to account. this update is not a red flag!
The alternative is to close the program if any update is going to spread panic and hysteria.
Well, there you have it. Certainly not the best news in the world, but it all boils down to one thing; Sustainability. I definitely can live with 1% daily for the time being. My bank sure doesn’t offer that. I still have a good deal of faith that T2MoneyKlub can remain one of the giants in the Passive Income Program arena.