1.2. By agreeing to these Terms, you agree to abide by the rules and policies established by founding executive committee.
1.4. “UPMONEY CLUB” is the trading name of UPMONEY PTY LTD, a privately limited liability company that operates and manages the UPMONEY CLUB stokvel model.
1.5. Your use and registration in this site constitutes acceptance of these Terms, which take effect on the date of your first use and registration on the Site.
1.6. In these Terms the expression:
1.7. MEAT PACK
The meat pack consists of;
1.7.1. GROCERY PACK
The grocery pack consists of;
1.8. MEAT AND GROCERY COMMISSION
1.9.1. A member will start earning commission cash from level 2 at R500 per month when all twenty-five members fully pay their daily R50 fee indirectly through their commission for 20 working days.
1.9. 2. A member will earn R105 per day commission cash on level 3 when all one hundred and twenty-five members fully pay their daily R100 fee indirectly through their commission for 20 working days.
1.9.3 Club 50 and club 100 daily commission will only paid if all 155 on club 20 table as per the presentation table have paid their registration fee of R80 and first week R20 at R100.
126.96.36.199. CLUB 50
188.8.131.52. CLUB 100
1.9.4. All commissions are paid per member therefor only commission paid members will be paid to a member.
1.9.5. The compensation plan is a 5 by 5 locked matrix which therefore means members can only have 5 members on their level 1, 25 members on their level 2 and 125 members on their level 3.
2.1. Those who wish to register to be part of UPMONEY CLUB will use their personal cell phone number as reference when registering and making payments and when introducing new members. It is the responsibly of the member to keep their phone number safe because without it the member cannot be identified nor communicated with as UPMONEY may from time to time use SMSES and WHATSAPP messages. All registration fees are not refundable. A member must use their phone number to introduce new members under their name; it is the responsibility of the member to make sure that their new member uses the right phone number when they register. Members shall not poach any new members from other members; any violation shall result in the suspension of your membership.
2.2. Any breach of these terms shall be reported immediately or members can be implicated as accomplices.
2.3. UPMONEY reserves the right not to act on your instructions to remove or restore your members if it reasonably suspects that the person has poached your members or is suspected of unauthorized use or fraudulent activity.
3.1 R80 registration fee is nonrefundable.
3.2. R100 is only refundable if;
4.1. Members are only allowed to use approved UPMONEY CLUB marketing material.
4.2. The member is responsible for learning and understanding the UPMONEY business model using UPMONEY approved marketing material. All individuals are advised not to sign up membership to UPMONEY if they do not fully comprehend the UPMONEY stokvel model and furthermore advised to research and read these terms and conditions to make informed decisions.
4.3. Members shall not misrepresent, exaggerate or lie about UPMONEY to gain new members.
4.4. Any member found to in bridge of the above terms may be forfeit membership with immediate effect without refund.
4.5. UPMONEY shall not be held liable or responsible for any misrepresentations and or exaggerations by members in any way what so ever.
5.1. UPMONEY reserves the right to change these Terms at any time. Your continued use of this Site and membership after changes are posted online constitutes your acceptance of the Terms as modified.
6.1. Whilst all reasonable endeavors will be made to ensure the maintenance and availability of this Site, UPMONEY does not accept liability arising from any errors, omissions, interruptions of service or delays that may occur in connection with this Site.
6.2. There may be times when our online services are unavailable due to planned maintenance. We will try to inform you in advance of any such suspension through a general notice on this Site and SMS communication but this may not always be practicable.
6.3. DUE TO COVID 19 AND LOCKDOWN IMPLEMENTATIONS OUR DELIVARIES AND OPERATION MAY BE DELAYED, ALL MEMBERS PATIENCE AND COOPERATION WILL BE HIGHLY APPRECIATED
7.1. Any individual can become a member of UPMONEY CLUB. This membership shall only be eligible in countries where UPMONEY is active.
7.2. Non south African are required to use their passports or asylum for registration.
8.1. You must ensure that all information supplied by you is true, accurate, and up-to-date at all times.
8.2. You agree to use this Site and membership only for lawful purposes and in a manner which does not infringe the rights or restrict or inhibit the use and enjoyment of the site by any third party.
8.3. You are solely responsible for any information submitted by you to this Site. You hereby agree that any content posted by you on the Site will not:
8.4. You must not under any circumstances seek to undermine the security of the Site or any information submitted to or available through it.
8.5. You agree to indemnify us and keep us indemnified against all costs, expenses, claims, losses, liabilities or proceedings arising from misuse by you of this Site and membership.
8.6. While this Site is intended for developing communities, it may be used by communities of other jurisdictions. Users of this Site in jurisdictions outside developing communities should be aware of, and observe, all applicable legal requirements in their jurisdictions. In particular, users should ensure that they are able to use this Site and membership without contravention of legal restrictions in the jurisdiction in which they reside.
8.7. You are responsible for ensuring that all persons who access this Site through your internet connection are aware of these Terms, and that they comply with them.
9.1. While every effort has been taken to ensure that all content is correct and not misleading, UPMONEY cannot and does not verify all of the information contained on third party Sites. UPMONEY therefore accepts no liability, either express or implied, for any direct, indirect or consequential loss suffered due to the accuracy or completeness of information contained. This limitation includes, but is not restricted to:
9.2. OBEN hereby excludes all representations, warranties and conditions relating to this Site and your membership and your use of it to the maximum extent permitted by law.
10.1. In the case were a member is unable to fulfill their UPMONEY membership obligation for the reason of hospitalization, death, imprisonment or relocation any reason whatsoever; the beneficiary must take over the members. The beneficiary will be given a period of three months to be up to date will terms of the contract; he or she will be required to meet the terms and conditions of the contract. All members are responsible to notify their beneficiary about their UPMONEY membership. All beneficiaries must be 18yrs and older.
11.1. You are responsible for ensuring that all information, data and files are free of viruses and do not interfere with any system or data prior to being submitted to this Site.
11.2. Whilst UPMONEY makes all reasonable attempts to exclude viruses from this Site, we do not accept responsibility for any loss, disruption or damage to your data, phone or your computer system that may occur whilst using this Site. You are strongly recommended to take all appropriate safeguards before using this Site.
12.1. All materials on this Site are owned by and subject to the copyright of UPMONEY.
12.2. No part of this Site, including information, images, photos, logos, names or icons may be copied, republished, posted, or reproduced in any form whatsoever without the prior written permission of UPMONEY you are, however, permitted to access, download the presentation, application form and copy the terms and conditions and frequently asked questions for UPMONEY business only but shall not reproduce modify any materials except make copies of the application form.
12.3. You retain copyright and any other rights you already hold in content which you submit.
13.1. UPMONEY terminates your access to membership benefits or suspends your contract for any reason other than a breach of these Terms or as a result of criminal activity, we will endeavor to pay any commission that is due to you within twenty one (30 working) days.
13.2. UPMONEY reserves the right to suspend or cancel any membership that is in bridge of the terms. UPMONEY will make all reasonable endeavors to notify the member prior to the suspension or cancelation of a membership.
13.3. A member is liable for termination if;
13.4. All provisions of these Terms which either expressly or impliedly survive termination or expiry of these Terms shall survive termination or expiry, including but not limited to Terms regarding warranty disclaimers, indemnities and limitations of liability.
14.1. These Terms are only intended to be enforceable by you and UPMONEY. A person who is not a party to these Terms has no right to enforce any of these Terms.
14.2. If any of these Terms are determined to be illegal, invalid or unenforceable by a court of competent jurisdiction, then they shall be severed and deleted from these Terms without affecting the enforceability of the remaining provisions.
15.1. These Terms shall be governed by and construed in accordance with the laws of the members jurisdiction and shall apply according to area of the members residence.
16.1. If any dispute arises in connection with these Terms, the parties will attempt to settle it by mediation in accordance with the Centre for Effective Dispute Resolution (CEDR) Model Mediation Procedure. Unless otherwise agreed between the parties, the mediator will be nominated by UPMONEY, the mediation will be conducted via email or conference call and all negotiations up to and including the mediation shall be strictly confidential. Should any dispute involve a court of law the member agrees to pay all legal fees (their own and UPMONEY’s) and any monetary compensation to any party as a result thereof.
17.1. The courts of UPMONEY active country shall have exclusive jurisdiction to settle any dispute arising out of these Terms (including a dispute regarding the existence, validity or termination of all or part of these Terms or the consequences of its nullity).
17.2. an UPMONEY active country is a country in which UPMONEY has fully setup it operational infrastructure, implemented a localized distribution method of its services and has completed the local compliance requirements related to its operations.
Any breach of these terms shall be reported immediately or members can be implicated as accomplices.