Membership Agreement

Membership Agreement

Agreement Details

Last update: March 2023

This Membership Agreement (the Agreement) is effective October 20, 2021 by and between "mentioned" Social Savings Club, Social Savings Club LLC, the Club, hereinafter referred to as Community, accessed via www.socsavingsclub.com with a business address in the State of Texas, and all current and future members of Social Savings Club hereinafter referred to as "Member or member".

By accessing, browsing or using Social Savings Club platform/app or website www.socsavingsclub.com or by selecting I Accept during the membership registration, you represent that you have read, understand and agree to be bound by the terms and conditions of this Membership Agreement hereinafter referred to as Agreement. You represent that you are 21 years of age or older. Social Savings Club does not permit those under 21 to use the service. If you disagree with any part of the terms and conditions or service, you may not access the service.

1. Member benefits

Upon approval, successful subscription, and as part of membership with [Your Name], the member will receive the following benefit: Membership, and App access.

(a) Create a group:

You are entering into a Joint Venture (JV) with Social Savings Club. A minimum of 52 members are required, and you will receive a portion of the admin fee upon successful payouts. All Social Savings Club terms of service and conditions apply.

A joint venture (JV) is a business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task. 

Rewards Program

  • A growth-based loyalty program offered in app only. Usage of in app invite system apply. In app membership is required. Rewards vary from time to time. The most current information will be delivered in app. 

2. Membership Dues

Include assessments/subscriptions, and will be paid by member.

3. Restrictions

The member agrees they will not: 

  • Share their login with non-members.
  • Reproduce any of the information received as part of their membership and share it with non-members.
  • Post inappropriate, inaccurate, or offensive content, or comments, to membership forums, chat, in app, and discussions.
  • Manipulate groups, or the community.

Payments 

(a) Contribution. You agree to pay the contribution fee set forth by Social Savings Club. Except as stated in this agreement, all membership/subscription fees, dues and other payments are nonrefundable. You shall not be relieved of your obligations to make any such payments and no deduction or refund of dues shall be made for your failure to attend or use the Club, or App due to vacation, travel, or other personal commitments.

(b) Subscription. Except as stated in this Agreement, all subscription fees, dues and other payments are nonrefundable. You shall not be relieved of your obligations to make any such payments and no deduction or refund of dues shall be made for your failure to attend or use the App due to non-availability of payout, approvals, vacation, travel, or other personal commitments.

(c) Payout. The rotation cycle is 4:1. This means at the 4th numbered position the member next inline will receive payout. Allow 5-7 days for your payout to reach you. Also, receiving of payout is dependant on your financial institution. We reserve the rights to delay payouts or temporarily inactivate member(s) to allow other member(s) payout(s). Payout is limited to twice (2) per week, max three (3) times a month. Member will be deactivated at the time, due to re-contribution, to allow other members a more opportunties for payout.

In addtion, if member has received at least one (1) payout, and the exit protocol is initiated, no refund of any sort will be given.

(d) Adjustment to Dues Rates and Other Fees. Contribution, payout, charges and fees for services are subject to change, as deemed necessary by the Club. The Club may increase, or decrease rates by providing you with a minimum of thirty (30) days written notice.

(e) Service Charges and Late Fees. If any payment to the Club, including by check, charge or bank draft, is not honored, or if your account is past due, the Club shall have the right to the following remedies, in addition to any other legal or equitable rights: (1) place member in an inactive status, removing member from group, and assess a service charge of $30.00 for each dishonored transaction and require reimbursement for cost collection; (2) assess a late fee of $20.00 for all past due accounts; (3) collect the current and past due balance in any subsequent months; and/or (4) suspend or terminate this Agreement. The Club reserves the right to change these service fees and late fees at any time. All payment disputes must be submitted in writing to the Club within 120 days of the disputed charge, to the extent permitted by law.

(f) Offline. Except as stated in this Agreement, all subscription fees, dues and other payments are nonrefundable. You shall not be relieved of your obligations to make any such payments and no deduction or refund of dues shall be made for your failure to attend or use the Club due to lack of payout, approvals, vacation, travel, or other personal commitments. Offline payment or contribution can be made to our bank account, zelle, venmo, paypal, and the member/person sending the funds will be responsible for fees associated with the transaction. Contact us for option and information.

(g) Online. Except as stated in this Agreement, all subscription fees, dues and other payments are nonrefundable. You shall not be relieved of your obligations

Stall

  • A stall will be declared, once member becomes apart of the Rotation Cycle, and after 10 days of non-movement, when a full rotation cycle cannot be made. Member can elect to stay in rotation, or request a refund on/or before the 10 day period in writing. Member shall receive refund of initial contribution (minus subscription/assessment, and service fee). At the discretion of Social Savings Club, a 60 day wait period to enter a rotation cycle will apply, once a refund is received. 

  • Stall applies: Contribute with confidence: If Social Savings Club incurs a stall, contact our staff for an initial contribution pro-rated refund (minus subscription/assessment, and service fee per group, username, and signup). A refund will be issued. Note: Refund may take 1-8 months to process/execute. 

1. The refund will be calculated based on a reduced only value of any services and fees.
Within 30 days of purchase – You are entitled to a full refund, reduced only by the value of any services provided or claims paid.
2. 31 days or more after purchase – You are entitled to a prorated refund, reduced by the value of any services provided or claims paid.
3. Refund Processing Timeline:
a. Refund requests must be submitted in writing to info@socsavingsclub.com.
b. All approved refunds will be processed/executed within 1 to 8 months from the date your request is received, unless otherwise.
c. Processing time depends on completion of contract obligations, verification of any claims or services rendered, and available company funds.
3. Additional Terms:
a. No cancellation fee will be charged unless specifically stated in a signed membership agreement.
b. Refunds will be issued via the same payment method originally used, unless otherwise agreed in writing.
4. Method of Refund:
a. Refunds will be issued via the most economical method unless otherwise agreed in writing.
5. No Cancellation Fee:
a. No cancellation fee will be charged unless explicitly stated in a separate, signed membership or service agreement.
6. Overrides and Priority:
This refund policy overrides any conflicting terms in other sections of these terms or in marketing materials and applies to all members residing in the United States.
7. Binding Effect
These refund terms are binding and enforceable for all U.S.-based members and are intended to provide fairness, clarity, and compliance with applicable consumer protection laws.

5)  Money Back Guarantee Policy

Our Money-Back Guarantee

  • On or before 3 days, no more than 3 days post sign-up approval, if you feel that you wish to terminate your position in the group(s), please contact us at info@socsavingsclub.com with subject line: Social Savings Club Exit, and brief reason. Member sign-up approval includes: Sign-up, Subscription, and Contribution. A refund will be issued within 30 days. 

General Refund Policy:
If you, as a member, choose to cancel your membership, you may request a prorated refund for the unused portion of your membership and fees.
1. The refund will be calculated based on a reduced only value of any services.
Within 30 days of purchase – You are entitled to a full refund, reduced only by the value of any services provided or claims paid.
2. 31 days or more after purchase – You are entitled to a prorated refund, reduced by the value of any services provided or claims paid.
3. Refund Processing Timeline:
a. Refund requests must be submitted in writing to info@socsavingsclub.com.
b. All approved refunds will be processed/executed within 1 to 8 months from the date your request is received, unless otherwise.
c. Processing time depends on completion of contract obligations, verification of any claims or services rendered, and available company funds.
3. Additional Terms:
a. No cancellation fee will be charged unless specifically stated in a signed membership agreement.
b. Refunds will be issued via the same payment method originally used, unless otherwise agreed in writing.
4. Method of Refund:
a. Refunds will be issued via the most economical method unless otherwise agreed in writing.
5. No Cancellation Fee:
a. No cancellation fee will be charged unless explicitly stated in a separate, signed membership or service agreement.
6. Overrides and Priority:
This refund policy overrides any conflicting terms in other sections of these terms or in marketing materials and applies to all members residing in the United States.
7. Binding Effect
These refund terms are binding and enforceable for all U.S.-based members and are intended to provide fairness, clarity, and compliance with applicable consumer protection laws.