3 Reasons Why Cash Gifting Is Not a Pyramid Scheme
3 Reasons Why Cash Gifting Is Not a Pyramid Scheme
Cash gifting is not a pyramid scheme.
Don't let cash gifting watch-dogs fool you. Although various groups masquerading as gifting clubs do occasionally make some waves the majority of cash gifting programs are simply people helping people with the gift of freedom.
Cash gifting is offering a declared sum of cash - strictly as a gift - without coercion or consideration.
The sum is not an investment, loan or payment for goods and services.
Gifting And Non-Solicitation Forms
Gifting and non-solicitation forms provided by a cash gifting program state the nature of the money being offered.
Make sure that your club provides both forms. Sign and date each form. Send copies with your gift and save copies of each for your own records.
Keep these forms on file for tax purposes.
It's Not A Business
Cash gifting is not a business. It's a private, invitation only activity.
Since gifting isn't a business there is no product or service being offered. If a gifting club advertises itself as a business then the pyramid scheme argument holds weight.
If however the cash gifting program explicitly states the nature of the activity within the website there is no argument.
Make sure your gifting club tells it like it is. No selling, no recruiting, no business. Just a private, invitation-only activity involving people sharing cash with one another.
Private Sharing Clubs
Do you really feel most cash gifting clubs are scam ventures, their members out to attack unsuspecting victims?
Most cash gifting programs are groups of kind people who seek to share the gift of freedom. If gifting isn't for you, fine. You won't be recruited or convinced to join a gifting club by a reputable sponsor.
The few home based scams misrepresenting themselves as cash gifting clubs are the cause of watchdogs declaring gifting a pyramid scheme. Strict due diligence allows you to weed out these bad apples.
Cash gifting offers an alternative to a work at home business. No product or service to sell, simply offer a cash gift and share the opportunity with others.
To learn more about our club please click on the link below.