Prior to the Q&A session with Richard Gilchrist, WOIP Senior Executive, please leave your questions in comments to this post.
P.S.:
This thread is moderated. Please read previous questions&answers before posting your question. Questions that have already been answered will not be posted. Also, please no flood.
PPS:
Please address all technical questions to Customer Support (support@woip-news.com or directly from your WOIP account)
Hi Okey Ani,
Thank you very much for your kind response. I believe 1% a day compounded with instant access to your funds is already an achievement in itself, and we are all working hard to make it possible. Merry Christmas to you, and a Happy New Year, sorry I’m a bit late with this.
Hi YYOKO,
There is no such thing as a withdrawal limit in WOIP. If you have any specific questions regarding your account please contact Customer Support.
Hi Chandra Das,
That’s very nice of you, thank you.
We’ll be working on adding new payment processors in 2009, in the meanwhile please could you look up the exchange providers list on the LR website. It’s quite elaborate and I’m sure you’ll be able to fin and exchanger that suits you best.
Hi Barb,
My favorite fact about WOIP is that we are able to provide 1% a day compounded on deposits, and allow instant access to funds, no obligatory investing periods. This is a unique achievement that I’m proud of.
And I’d like our customers to know that our team is working hard to make that possible and will keep it up, as just in a year WOIP has proven to be a very successful and profitable project.
Hi osama,
That has been answered many times. Like any business WOIP is staying for as long as it continues to be profitable, and we are determined to increase our profitability even further.
Hi Amrut,
The demand for loans is still somewhat larger than we can handle at the moment, but that’s a real opportunity and challenge for us, as this is the key to increasing WOIP profitability.
Actually, we’ve reached 200K number was shortly after the project launch, which was approximately a year ago. We’ve deliberately decided to hold off providing updates on these figures and focus instead on the moments that contain practical element and useful to our customers.
Hi timeless,
Please could you see above, I remember answering these questions. As for the company owners – I don’t really understand the curiosity.
on your SSL connectiopn (https://woip-system.net) i got security invalid is it safe to go through SSL website?
hi Richard,
I’m just joined. I’m very excited and happy after I read all question and answer. do you have any plan to expand loan offered to other countries in asia, include indonesia as my country.
thanks
hi richard.
i will be very glad if you will show you certificat on your site
Hi Richard,
I want to start by wishing you and your team a very happy new year and a very successful one.
I’ve been invove with WOIP for a few months now and I really like your professionalisme and your ethic. Congradulation for being online for more than a year and I wish you(us) many more years to come.
Having said that, I have 2 questions that I would love you to answer please.
1- I know that in 2009 you are planning on adding the WOIP debit card somewhere in the first or second quarter, I also know that you just openen up in Asian market(Japan) and that you also want to add another payment processor.
Question: Is there anything else planned for 2009?
2- How do you promote WOIP in Japan, what marketing system are you using and How are the results? Are you happy with the numbers your getting in Japan so far?
Thank you
Kind regards
Philip
WOIP site is not accessible. It would be nice to have an update regarding this.
Hi, Richard…
I hope this programe can last longer than 5 years. I really admire for this prog because their ability to generate profit faster than others prog. The payments also fast and without delay. TQ.
Hi chat,
Yes, it is safe to access it via http://woip-system.net/
The certificate is also to be renewed shortly.
Hi Toni,
Welcome in! We hope to get WOIP loans introduced in Asia, however this is not likely to happen in 2009.
Hi khayal,
It is a very common mistake to assess an online project by the picture of a “certificate” on their website or not. These days it’s quite common to see “certified projects” or websites that come and go the next day. Today the true assessment of any financial institution tends to boil down to the same several trusted factors as in the offline world. These factors are:
(i) Since when has the institution been present?
(ii) What has it achieved?
(iii) Their perceived reputation.
WOIP has already been present since 2007 and developed into a very solid deposit and loan institution due to the one simple fact - we always keep our commitments before our customers. Needless to say, we are determined to pursuit the development in that direction.
Hi Philip,
Thank you for following our updates so closely and for your nice comments on our work, and of course best wishes to you for the New Year!
You have an absolutely correct perception of our 2009 development plans and the answer to your first question is - we do not expect to have any more major updates in 2009, as all new points in the current list require a lot of attention and thorogh testing.
After we have noticed a large increase of Japanese IP-addresses in WOIP we have started to plan on a specific advertising campaign for Japan and as it has been noted earlier, currently we are assessing an opportunity to introduce WOIP loans to Japan as well.
Hi Dusica,
The website is working correctly as always, otherwise we’d post an update here (in the blog). Please check your connection settings.
hi Richards,
i would like to invest major part of my money in it, but i am afraid that it may also turn to be scam as other ponzi or hyip websites. Can you please tell me about how many years it will run with out any crisis??
Is high risk involved in this system??
waiting for your answer.
Richard Reply:
January 31st, 2009 at 2:28 am
Hi checha,
WOIP has been working since November 2007 and we are expecting to continue developing our business, increasing our profitability and customer base. However, ANY operation and ANY investment of money has its risks, and in each case it is individual. If you have any concerns we recommend to hold off your deposit decisions and further monitor the development of the system. Alternatively, you could consider bank deposits.
Hi Ironmaiden,
The development of WOIP has been very successful so far and we are defenitely determined to keep it up. Thank you.
Hi Ajai,
Please see above, I believe this has already been answered. There is no such thing as ‘bank guarantee for online transactions’, HSBC and NS hold our reserve funds on deposits. If you are looking for bank guarantees you’ll be better off making a deposit with a bank of your choice.
Hello Richard,
This all seems to good to be true, but I’ve seen it work already! I’ve been in a great mood since I’ve been introduced. Thank you. I’m just worried about people defaulting on thier loans. Which precautions have been taken to prevent this and how are they handled? If for some reason this site is shut down, does HSBC and NS contact all members and reimburse?
Richard Reply:
January 31st, 2009 at 2:29 am
Hi Jake,
I can’t really go into the detail, but I will mention that our requirements for borrowers are very high and loan terms are rather strict as well.
As noted before, on those rare occassions when the website is down - head over to woip-news.com, most likely it’s just a maintenance. If you have a look at our blog history you’ll see that the website has ALWAYS been back up within a very short timeframe.
Anxious to use WOIP card, is it coming in next few months?
Richard Reply:
January 31st, 2009 at 2:30 am
Hi chris,
Please expect it in 2nd or 3rd quarter of 2009. We are working on this and as soon as we have anything confirmed we’ll post some further updates.
Hi,Richard
I must say i was wrong when I wrote that withdrawals are limited on daily amounts of 400 $.
They are not,but the truth is that one must withdraw several times that amount,becouse otherwise the withdrawal is not performed.
That is becouse of our own safety on LR payement procesor.
But I would really like to know when the HTTPS protokol will be active ?
Becouse such thing as woip with lots of daily transactions really should have that,don`t you think ?
So far I really didn`t had any problems,that is true,I must say that.
Keep up excelent job and please do something about that https protocol.
Thanks again
Richard Reply:
January 31st, 2009 at 2:30 am
Hi Gorazd,
Every withdrawal request goes to our managers to be processed. In cases when a customer sends multiple withdrawal requests of the same amount - our manager will contact the customer for verification.
The https protocol will be implemented back shortly, however, as you notice - its absence has never affected the safety of transactions in any way.
Hello Richard,
I hope you’re doing great as well as all the crew @ WOIP-SYSTEM!!
and congratulations for the great performance and hope you will be here for the long run!! My question is about the terrible news about the economy and of course of the mighty buck and how that could affect WOIP due to people defaulting in the loans…..
Thanks!!
Richard Reply:
January 31st, 2009 at 2:30 am
Hi Johnny,
Despite the fact that the decision on a loan is usually very fast - we pay serious attention to customer credibility. Also, the list of requirements in order to borrow funds from WOIP is rather high. Along with WOIP loan contract - these are the few of the factors that prevent defaulting in the loans.
Hi WOIP and Richard!
I would like to thanks for paying LR profit always on time!
My request is to you to keep LR always as your payment processor
And when ever you add woip debit card please provide it at cheap rate and it must be available to all international members also
Happy New Year!
Richard Reply:
January 31st, 2009 at 2:31 am
Hi mohgsin2110,
Thank you. There are no preconditions to cease relationship with LR, as they continue being one of the most reliable and safe payment processors.
We will be trying to make the WOIP card as convenient as possible, which due to the diversity of our customer base is taking a lot of time and research. Please stay tuned to our further updates.
Hi Richard,
What about WOIP’S agreement?
Does everyone return it to WOIP?
Richard Reply:
February 5th, 2009 at 5:29 pm
Hi Therese,
By registering on the website you comply with the terms of the Deposit Agreement on the registration page.
Hi. I there someone who invest many thousands dollars to woip?thanks
Richard Reply:
February 6th, 2009 at 4:04 pm
Hi Jarda, We have a very wide customer base and as long as we do not have any min/max deposit requirements - we have a wide deposit variety as well.
Dear Richard.. first sorry for my bad English..
Actually I’m really happy become WOIP member.., the best online investment program that I ever meet..!!, and I hope this program will stay stronger and bigger forever.
Just one suggestion,.. why don’t you give us, your members any WOIP Banners with referral link so we can participate to promote WOIP in our blogs or websites.., please..!!, and also could you create referral/down line page so we can check our referrals data.. I think it will really helpful to all members.
Once again, I really appreciated for WOIP Services and performances, and waiting for good news from you.., thank you for your attention and best regards..
Taufik
Richard Reply:
February 6th, 2009 at 4:04 pm
Hi Taufik,
In fact, our banners are available to everybody who would like to have them on their blogs or websites. Please send your request and your login name to support@woip-news.com and we’ll send to you all available banner formats with your referral link already included in the code.
Hello,
I heard you’re expanding to south-africa, excellent news.
Also, when are you planning to come to china, india and phillipines and all the asian countries?
Do you plan to take over the whole world and offer loans to the whole world some day?
Thanks..
Richard Reply:
February 6th, 2009 at 4:05 pm
Hello Miachel, Ideally, most every business would benefit from expansion to other territorial markets. WOIP certainly aspires to that.
However, I have to note that this process is extremely tedious, due to the vast amount of factors outside our area of influence. In fact, there are too many factors to even list them in the blog format.
At this point it is safe to tell that Asian markets appear extremely challenging for us, as our research shows an immense potential for development.
Do you plan to offer loans to the Russian Federation?
Admin Reply:
February 9th, 2009 at 3:26 pm
Hi Michail,
We certainly have that in mind, but no sooner than 2010, and most likely available for those who have bank accounts abroad.