Terms and Conditions

UPMONEY CLUB Contract and Terms and Condition Between UPMONEY CLUB MEMBER And UPMONEY PTY LTD.

1. General

1.1. These are the terms that govern your use of the UPMONEY website (the “Site”) and your relationship with UPMONEY (“we”, “us” or “our”). If you do not agree to these Terms of Use (“Terms”), please do not register for or use this Site nor join the membership.

1.2. By agreeing to these Terms, you agree to abide by the rules and policies established by founding executive committee.

1.3. Our Privacy Policy also forms part of these Terms. By agreeing to these Terms you also agree to the way we use and protect your personal information.

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. 1.6.1. “Member” shall mean any person registered on this Site and submitted their registration or filled and signed a hard copy of the registration form and mailed it to admin@upmoney.co.za, , paid their registration R80 fee and paid their daily R20 affiliation fee.

  2. 1.6.2. “LEVEL” shall mean direct and indirect referrals with your direct referrals being your level 1, the direct referrals of your direct referrals will be your level 2 and the referrals of your level 2 will be your level 3.

  3. 1.6.3. “CLUB PAYMENTS” shall mean daily affiliation payments made to all three clubs with each club determined by the daily amount paid by the member towards it, which therefore means CLUB 20 is the initial daily R20 membership, payable by the member 5 days per week making it R100 per week paid directly from the members pocket or the members commission on a daily basis. CLUB 50 is the daily R50 affiliation fee payable by commission earned from all CLUB 20 members on level 1 fully paid daily R20. CLUB R100 is the daily R100 affiliation fee payable by commission earned from all CLUB 20 members on level 1 fully paid daily R20.


The meat pack consists of;

  1. a) 2kg Stewing beef
  2. b) 2kg wors
  3. c) 2kg × 2 chicken IQF mixed portions
  4. d) 60 large eggs
  5. e) Cold meat hamper (1kg polony, 1kg garlic polony, 500g chicken polony, 500g smoked viannas, 500g smoked Russian, 250g shoulder bacon, 500g liver spread and 12 slises of cheese.


The grocery pack consists of;

  1. a) MEAT PACK as above
  2. b) 5kg maize meal
  3. c) 2kg white or brown sugar
  4. d) 2kg white rice
  5. e) 2.5kg samp or 2.5 maize rice or 2.5 wheat cake flour
  6. f) 10 packs knorr soup box
  7. g) 2kg hand washing powder
  8. h) 2kg potato
  9. i) 1kg carrots
  10. j) 1kg beetroot
  11. k) 2 small butternuts
  12. l) 1 medium cabbage
  13. m) 1kg onions
  14. n) 2 small green peppers
  15. o) 1 bunch of spinach


  1. 1.8.1. a member shall qualify to receive their level 1 meat pack when all five members fully pay their daily R20 fee directly or indirectly for 20 working days and R30 daily commission accumulates to R600.

  2. 1.8.2. a member shall qualify to receive their level 2 meat and grocery pack when all twenty-five members fully pay their daily R50 fee indirectly through their commission for 15 working days and level 1 R30 and level 2 R50 daily grocery commission accumulates to R1200.

  3. 1.8.3. a member shall qualify to receive their level 3 meat and grocery pack when all one hundred and twenty-five members fully pay their daily R100 fee indirectly through their commission for 11 working days and level 1 R30, level 2 R50 and level 3 R25 daily grocery commission accumulates to R1200.

  4. 1.8.4. A member will receive the level 1 meat pack first before they receive level 2 meat and grocery.


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. CLUB 50

  1. a) level 1 club 50 pays R125 per day and split to R25 daily saving and R100 paid commission if a member has 5 members paying R50 club 50 daily fee.
  2. b) level 2 club 50 pays R250 per day and split to R100 daily saving and R150 paid commission if a member has an added 25 members paying R50 club 50 daily fee.
  3. c) c) level 3 club 50 pays R312.5 per day and split to R150 daily saving and R162 paid commission if a member has an added 125 members paying R50 club 50 daily fee. CLUB 100

  1. a) level 1 club 100 pays R250 per day and split to R150 daily saving and R100 paid commission if a member has 5 members paying R100 club 100 daily fee.
  2. b) level 2 club 100 pays R500 per day and split to R300 daily saving and R200 paid commission if a member has 25 members paying R100 club 100 daily fee.
  3. c) level 3 club 100 pays R625 per day and split to R400 daily saving and R225 paid commission if a member has 125 members paying R100 club 100 daily fee.

1.9.4. All commissions are paid per member therefor only commission paid members will be paid to a member.

  1. All commission on from club 20 level 3, club 50 and club 100 will be paid on a daily basis to the members bank account it accumulates to a minimum amount of R100. This may vary when the UPMONEY system or secondary service provider system is in maintenance. Only club 20 level commission will paid on a monthly basis.

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. Registration

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. Refund

3.1 R80 registration fee is nonrefundable.

3.2. R100 is only refundable if;

  1. a) A members changes their mind within 7days of payment.
  2. b) A members funds has not been allocated to referrer’s commission for payment.
  3. c) A member passes away within the first seven day of payment and has no registered beneficiary. (family members may claim the R20 daily fees the deceased member has paid.)
4. Marketing & Recruitment

4.1. Members are only allowed to use approved UPMONEY CLUB marketing material.

  1. 4.1.1. Members are not allowed to make up their own presentation unless approved in writing by UPMONEY marketing team..

  2. 4.1.2 Members may not use any of UPMONEY and UPMONEY’S service providers trademark on any hard copy or electronic in any platform including and not limited to social media.

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.

  1. 4.2.1. UPMONEY has provided an original PDF and video presentation for all members through trained UPMONEY facilitators.

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. Modifications

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. Interruptions, errors and omissions

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.


7. Eligibility

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. Acceptable use

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:

  1. 8.3.1. be misleading.

  2. 8.3.2. break any law or encourage an illegal act.

  3. 8.3.3. be defamatory, abusive or offensive.

  4. 8.3.4. infringe the copyright, privacy, confidentiality or other right of any third party.

  5. 8.3.5. contain software viruses or any other computer code, files or programs designed to affect the use of any computer software or hardware or telecommunications network; and/or.

  6. 8.3.6. bring UPMONEY or the UPMONEY stokvel into disrepute.

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. Limitations of liability

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:

  1. 9.1.1. loss of income or revenue.

  2. 9.1.2. loss of business.

  3. 9.1.3. loss of profits or contracts.

  4. 9.1.4. loss of anticipated savings.

  5. 9.1.5. wasted expenditure or time.

  6. 9.1.6. loss of goodwill.

  7. 9.1.7. or other loss or damage of any kind, however arising and whether caused by tort (including negligence), breach of contract or otherwise, whether foreseeable or not.

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. Hospitalization or Death of a member

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. Viruses

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. Copyright

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. Termination

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;

  1. a) does not pay R20 daily fee for two consecutive months.
  2. b) is involved in unlawful and or fraudulent practice.
  3. c) puts UPMONEY and its members in disrepute.
  4. d) provide misleading and or malicious information.
  5. e) affects the proper operations of UPMONEY both internally and externally.
  6. f) uses defamatory, abusive or offensive language to any UPMONEY employee or member for reasons relating to UPMONEY.
  7. g) raises complaint against UPMONEY on a public platform, UPMONEY service providers and partners before raising it to UPMONEY within reasonable time.
  8. h) the member will be liable for any losses and damages suffered by UPMONEY in any form.

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. Enforceability

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. Governing Law

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. Dispute Resolution

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. Jurisdiction

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.

18. Reporting

Any breach of these terms shall be reported immediately or members can be implicated as accomplices.