What currency is your payment prosessor using?
You will find many people telling you to do your Due Dilligence when considering joining a program. but one thing that is consistantly over looked is what currency unit the program is using.
Is it a REAL Currency or something the program owners dreamed up.
In most cases the currency the program refers to will be US$ or in some cases Euro's. However if they refer to xyz$ (xyz often being the name of the program) then they are referring to a fictitious currency which the program owner can change the value of at any time they feel like it.
Lets use my favoutite fictisious example - MyScam.
So MyScam starts up a payment prosessor program called MyScamPay.
They are not, and have no intention of coming under the banking laws of any land so instead of holding your money in a real currency they use a fictisious one they make up. They will say that $1 MyScamPay Dollar is worth US$1.
So when you deposit hard currency funds of say US$100 they actually show up in your account as $100 MyScamPay Dollars, in other words 100 credits. This may seem fine on the surface BUT the problem is MyScamPay can change the Value of these credits at any time they feel like it. Somewhere in the TOS will be (usually in very small print) "We reserve the right to change the value of the MyScamPay Dollar as we see fit. (or some such get out clause).
Wat will happen eventually is either they will just vanish witout trace or they will claim that things didn't work out and revalue their MyScamPay Dollars down to for example US$0.01.This means your $100 is now only worth US$10.
You Should NEVER use any online Payment Processor that does not use real currency.
If they are using what ever fancy name currency unit as their currency this means that they are NOT a registered financial transaction company and are therefore NOT governed by the financial laws of any country.
You are effectively exchanging hard currency for credits, and the credits can be revalued at any time or even declared to have a zero value, thus leaving you out of pocket
You can try to fight this but it wont do a lot of good because firstly you probably wont be able to find them and as I sid earlier somewhere in the TOS will be (usually in very small print) "We reserve the right to change the value of the MyScam Dollar as we see fit. (or some such get out clause). You agreed to the programs TOS when you Joined, even if you did not read them.
All the program owner has to say is well sorry but things didn't work out as they were planned and we suffered financial losses so had to revalue the MyScamPay Dollar, and pay out something rather than the members getting nothing.
This makes them appear to have been willing to pay even though they had it planned from day one not to, and they walk away with a nice fat profit and close the site down leaving everyone out of pocket.
Lessons to learn from this are
DO NOT Join ANY program without reading the TOS first.
DO NOT Join ANY Program that is not referring to REAL CURRENCY.