Money is something that fascinates everyone and there is a very huge chance that even the most aware people get trapped into alleged frauds because of money. After all, who doesn’t love to earn easy money? In the past few decades, there have been many investment schemes that have trapped people by guaranteeing double returns in a short period. The alleged fraud committed by the MEN (Muslim Entrepreneur Network) and Ashfaq Siddique is a very good example of investment alleged frauds in which the Muslim community was lured in the name of business development and financial freedom.
It is because of these rich quick schemes that people need to be very aware and extra careful while investing in anything, irrespective of the fact that it is genuine. If you take alleged fraud investment schemes into account, there have been numerous instances of alleged fraud schemes all across the world. However, these alleged fraud schemes don’t seem to stop and people are still lured into these fraudulent investment plans because of pleasant promises. It is high time now and the people need to be aware of the risks that are involved in quick money investment schemes.
What Exactly Are Get Rich Quick Schemes?
The get-rich-quick schemes are referred to as investment schemes that guarantee people a very high return (usually more than double) in a very short period. However, nowadays the term “get rich quick” is very closely associated with investment schemes that are rather shady and may be fraudulent. Most of the get-rich-quick plans that exist in the market nowadays are reached out to people through phone calls. People need to be extremely careful about these fraudulent schemes as they can cause a big problem to the financial status of a person.
The Muslim Entrepreneur scheme or the Ashfaq Siddique fraudulent case is a good example through which you can understand the exact definition of getting rich quick scheme. Some of these fraudulent schemes work for a short duration such as a few months while some of them work for a longer duration such as one or two years. The Muslim Entrepreneur scheme worked for two years and extracted a huge amount of money from the people of the Muslim community who blindly invested their hard-earned money for their welfare.
Why Are Get Rich Quick Schemes Risky?
Because the get rich quick schemes promise to provide huge returns, provided that there is no skill or anything required, these schemes always seem to be an alleged fraud. Falling for such schemes can hurt your financial plans and can lower down your financial status also. Some people see these schemes as an opportunity to multiply their capital but it is very important to understand that easy money is just a myth. If you still want to trust these schemes, you should dive into the history and look at the result of some famous get-rich-quick schemes. One such scheme is of Ashfaq Siddique which ran away after people of the Muslim faith invested millions into the scheme.
Most of these types of investment schemes ask for a larger amount of money and the fraud they commit is no small fraud. The amount of money people invest is always very huge and people committing these types of frauds know how to get away with it. The loss that people face is very huge and such fraudulent cases take years to get caught. Even if the frauds get caught, the return of money is never so easy and it may take many years.
How To Avoid Falling For Fraudulent Investment Policies?
Following are some measures that might help you to avoid falling for fraudulent schemes:
- Awareness Is Key: If you don’t check the background of an investment company or you don’t know how the investment does provide a return, you should stay miles away from the same. You should try to become aware of everything related to the investment policy and the company background and then only think about investing in the same.
- Don’t Get Influenced: The digital era has made it very easy to land advertisements and reach a large number of people. If you come across some random investment scheme, the first thing you should be doing is landing doubts for the same. If you get a feeling that the advertisement is promoting some fraud, be the first to report that.
- Go For Actual Investments: The best way to avoid falling into debt traps due to fraud policies is to invest in genuine schemes only even if the investment gives you fewer returns. Your priority should always be to keep your money safe.
By now you must have understood that the get rich quick investment schemes are nothing but a fraud to run away with huge amounts of money from the people. So, always go for safer investments.
PayPal alternatives for high-risk business in 2021
When you choose a processor for online payments, the first company you think of is probably the time-tested and reliable PayPal.
In fact, the service of even such a well-known company is not loved by everyone. and it’s not at all about high commissions or some other problems, but the way the firm treats high risk business.
Numerous facts of account blocking under frankly stupid pretexts definitely do not add pluses to PayPal’s rating. And many firms are simply denied service.
If your firm is also interested in finding a worthy alternative to one of the leaders in the payments market, right now we will offer you some interesting options. After all, PayPal is far from a monopolist in its activities.
Let’s say at once that regardless of which payment processor you choose, you may always face the problem of blocking your account. This is not because of the peculiarities of PayPal, but rather to the specifics of the payment processors.
However, do not worry, because once your business account is verified, each of your transactions as will be faster and will not be verified by all the strict rules.
But if, as we found out, account blocking problems are inherent to all processors, PayPal’s pricing policy may not suit everyone, so right now we’re going to look at some interesting alternatives to the leading payment processor.
Alternatives to PayPal
Let’s say right away that our list includes only processors that have been on the market for a long time, are known to most companies, and work with firms in high-risk industries.
It’s hardly a coincidence, but many companies that don’t really like PayPal choose to use this particular payment gateway.
In addition to very competitive commissions, Square has a lot to offer you on a free basis. In particular, you can set up your own online store, get a domain, and make the necessary connections for free without paying a cent.
Additional services, such as payroll management, employee time management, time scheduling, and other resources also deserve special attention.
Obviously, many of the free features that Square provides imply some limitations, which is quite normal. For a small fee, these limitations will be removed. And this company also offers its customers a wallet service. So if we’re talking about an alternative to PayPal, perhaps Square is perfect for this role.
Payop is an aggregator of payment methods for various types of Internet businesses, offering accepting payments from 170+ countries by 300+ methods, including Internet acquiring.
Payop is a project of an international group of companies with offices in the USA, UK, Singapore, Ukraine and its own software development team.
The company provides payment solutions for almost all business industries.
A distinctive feature of many modern payment systems is a total unwillingness to get involved with companies which belong to high-risk industries. Alas, due to current circumstances, many firms fall into this category, but PaymentCloud does not stop it.
They serve high-risk firms by providing access to all the service they need to accept payments, as well as additional services. In addition, this payment processor provides data retention, integration with other services, virtual terminals, and many other interesting features. However, the official website of this payment system has no information about the cost of service. This payment system uses a multilevel pricing system which is not always convenient and profitable.
One of the advantages is a very high quality of customer service, which has been repeatedly mentioned by many operating companies cooperating with PaymentCloud. But it’s important to understand that while this company does serve high-risk clients, they may ask to pay a higher fee for such service.
Another very well-known company that has been providing a much broader service than just accepting payments from customers for quite some time now.
It might not be the best solution for small companies that are just starting out, but when it comes to large firms with a large turnover, their cooperation with Shopify can be extremely beneficial thanks to a number of benefits. It’s worth noting that the company began providing payment processing services thanks to a lucrative partnership with Stripe.
By using Shopify as an e-commerce platform and entrusting it with payment processing, you won’t pay a transaction processing fee. However, the monthly fee and transaction fee will be relevant. If, however, you choose not to Shopify Payments, be prepared to pay as much as 2% extra for each transaction. Not the most profitable solution.
Shopify will offer you interesting features and functions, such as order management, various convenient reporting forms, and so on.
Unfortunately, due to the huge number of plans, it is far from always clear, is this or that plan profitable for your company. However, Shopify experts are always on hand and ready to explain everything.
Another company which made an incredible leap from a simple payment acceptance service to a complex payment system. With very loyal rates, it gives companies a wide range of opportunities by providing both a built-in payment gateway and support for accepting payments in multiple currencies.
You don’t have to pay anything for installation and you don’t have to pay any monthly fees. You’ll have no problem integrating the API into absolutely any solution you need. You’ll also get a higher level of fraud protection and a lot of other interesting features.
The bottom line
Of course, the list of alternatives to PayPal goes on and on, and you don’t have to worry about any shortcomings in your choice. The most important thing is to have a clear idea of your company’s needs and choose the option that suits you best in terms of cost and functionality.
People invest their money for the sole reason of adding up to their assets. It may entail some risks, for there is no one hundred percent assurance that the investment will indeed double up or increase the money that has been invested. The usual scenario is the stock market fluctuations and even the devaluation of currencies.
If you want to have a sense of security over your investment and expect that it will not face any future devaluation, then better opt to have it invested in gold. Gold is one of the precious metals that has been tested through times that its value never devaluates and always appreciates.
Risk-taking is good. But when you are settling for your retirement investment, you want that it should be invested in a secure and not subject to any market devaluation. Gold had been considered a stable precious item that still remains one of the most sought-after precious metals through the passage of time.
Gold had awed the pharaohs, the kings, the rajahs, and even the commoners. Its glittering shine may cause the eyes to go blind by greed. It is the symbol and an image of wealth, power, and affluence. It is intricately designed into pieces of jewelry, furnishings, cars (take, for instance, the gold cars in Dubai), and even gourmet for it is already being used as food garnishing in Dubai. Wealth had become synonymous to gold, and having your money invested to it is a guarantee that your investment will increase a number of folds that will make you enjoy your retirement days.
Your investment portfolio will surely have a sense of security once you invest in the gold-backed IRA companies. It is an investment that does not entail any risk for market swings or fluctuations. Let us guide you on how to properly invest your money into gold and thereby enjoy a maximum profit.
Why Invest in Gold?
Primarily the driving force for investment is to make the money grow and increase with less risk. Setting for an investment in gold gives an assurance that your investment is not vulnerable to any market uncertainties. Usually, paper assets such as bonds and stocks are oftentimes being hit by market fluctuations. Precious metals such as gold have already been tested through time, that their value never depreciates. Having an investment in gold in your IRA account will allow for diversification of your investment and eventually yields a maximum profitable return.
It is not to amiss the fact that putting an investment in gold does not require the amount to start your investment. A few hundred dollars will already make you start rolling your money through gold investment.
There could be dozens of reasons for investing in gold and other precious metals, and one of which could be is that it may be a perfect gift. Surely the person that will receive the gift, either in the form of jewelry, coin, or ingots, will appreciate it for the sole reason that gold entails value that increases over time. Your gift may even be considered as something to be kept and may even be passed to future generations as an heirloom.
Incorporeal investments such as stocks and debentures are paper assets of which you cannot physically hold, and frequently you are holding your breath when there are fluctuations in the stock market. In gold investment, you can physically see, hold, and keep your investment. You may safely keep it at your house or in a bank. With the investment that is physically kept in your vault or in the safety deposit box in the bank, you have full access to the value of your investment. Due to some distribution risk, the gold investment will only form one part of the entire investment portfolio.
The investment made in gold through your IRA account will enjoy certain tax benefits and privileges, such as the purchase of gold is exempt from the value-added tax. This means that the purchasing price of the gold is based on its actual value without any added tax imposed based on value-added tax.
In the event that the sale was realized and made the said transaction despite the fact that you derived income from the aforementioned transaction will still entitle you to the benefit of tax exemption from the income taxation.
The privileges and benefits of tax exemptions will surely accrue and add up to your investment in an IRA account.
How to Buy Gold
Nowadays, gold may come in different shapes in forms. In fact, the modernity of life had made people come out with different concepts wherein gold is being used. In Dubai, you can even see that gold was being used in different ways, such as having a gold ATM, gold cars, gold phones, and even food garnishing; every form possible has already been thought of in order to maximize the gold’s utility.
But in investment, gold should not be in varied forms, but it has a certain standard to be followed. Customarily in investment transactions, it should be in the form of gold bars, ingots, and gold coins. When we are referring to ingots, it basically refers to a small gold bar weighing ranging from 1g to 100g.
Minting of coins funneled smooth and easier business transactions. Usually, silver is being used in minting coins. Rarely is gold used in the coinage, thus making gold coins a rarity. Investment in gold coins may not only be considered as an investment, but it can also form part of the collector’s item. There are gold coins that have commemorative logos or has historical significance. Its rarity and collector’s value will spiral its cost in the future; thus, having it as part of your investment will make you reap some additional profits for your retirement.
Investing and purchasing gold bars, ingots, and gold coins can easily be done through online transactions. Dubai may be the perfect place where you can have an easy purchase for gold bars wherein they have installed a gold ATM machine. It is a vendee machine that dispenses not cash but rather gold bars. You do not have to worry as to the security purposes for it is highly secured and guarded. The transaction over the ATM machine does not even require any paper works. You can just make a transaction as the usual transaction being made in the usual ATM machines.
If you have some apprehensions regarding the online transactions or over the transactions over the gold ATM in Dubai, then you may opt to transact to your trusted company.
Unlike incorporeal investments wherein you cannot physically hold it, the gold investment is physically present of which you can hold and keep. Considering its value storage, it may entail that it should be stored in a place with a tight security system.
If you are about to retire, think about Gold IRA. You get the best of the two worlds – reliable retirement account and your investment is secure in the form of gold IRA
If you believe that you have the necessary security system that can adequately protect your investment, then you can store it inside the vault of your house. But if you do not have the necessary security system in your house, then the best way to store it is in the bank through a safety deposit box or through the vault. It is highly secured for a bank that has a tight security system. It is also not to amiss the fact that a corresponding insurance policy covers everything in the bank. Once stored in the bank, your gold is insured in the event that there will be lost due to some fortuitous event and robbery still you can claim back from the insurance policy.
The Best Time to Make Gold Purchases
Prices of commodities are oftentimes being dictated by the consumer behavior in the market. There could be times that it is not viable to invest in gold when its price is at its peak due to scarcity of supply. The mining of gold basically affects the supply of gold in the market. In the event that there is scarcity, then better not to make some purchases.
Investing connotes that you must have the gut feeling to assess when to make purchases and investment in this way; you will not fall into the trap of some abnormal market behavior.
If you have decided to buy investment gold, you are probably wondering where to store it. One possibility is your own home, especially if it is equipped with a security circuit and you possess a safe-deposit box. An even better idea is to use the vault of the bank, just like you would not leave a larger amount of cash at home. Bank vaults are very well secured against robbery and insured as well.
Today we have the best options and choices with the maximum possibility to discuss all things regarding a bank. Also how banking was such a troublesome assignment in the past for exchanging purposes. But today the circumstance is altogether different and things have been changed totally as investment banks in Dubai. Such kind of banks is exceptionally prominent because of the developing economy of Dubai as brokers and speculators around the world are especially keen on this locale due to o number of budgetary openings.
A large portion of the merchants everywhere throughout the world are communicating with the best banks for Dubai trade. The following enormous development in the history of PCs and web, banks in Dubai have opened new potential outcomes to another world. As to start with, individuals were hesitant to go ahead board since with regards to budgetary states everybody is extremely watchful while utilizing the apparatuses and procedures of current innovations. Yet, as time passed and individuals took a stab at using the administrations because of least rates, it ended up clear to individuals this is the present and extreme eventual fate of banking in Dubai.
Frequent queries made by investors and traders
We are here to answer this inquiry also. It is straightforward, as I would like to think and research, Private bank is the best one which offers the scope of bank administrations nearby and abroad. It is dependable; in light of the fact that it has been managing securities exchange for quite a while now and is one of the most seasoned and most prevalent banks in Dubai UAE. Bringing universal businesses into Dubai, online investment can be productive, helpful and effective for a person who needs to develop his total assets. You can depend on the wellbeing and security of the bank since it takes the protected bank and its security genuinely, with its coordinated efforts with greatest tech monsters.
Investment banks in Dubai
Investment banks in Dubai have created many unique options in particular and private bank is most important to provide online investment choices that are especially select by various dealers in Dubai. Presently the thing is especially vital that in the event that you need to take the administrations of private bank. You can get online investment banking Dubai choices and the greater part of the clients are managing such type of options. It is very easy to handle and you can make investment deals at any time and at any place with complete ease. But this system charges you some extra in terms of annual fee for such type of services.
Through online banking is very much popular and fast. Most of the international traders prefer through online investment solutions and in this regard bank of Dubai is contributing a lot. What you have to do, just visit the official website of the bank and get through the online portal of investment banking Dubai and all type of information with a different range of packages will be at your screen.