There's something funny about The Money Club
The Money Club describes itself as "a one stop shop with a safe purchasing environment, to help members decide what to buy and what price to pay... is to help members buy at the price retailers buy their goods, rather than at the price retailers sell their goods."
So it's essentially a cashback website, then, but with a couple of key differences; they offer a team of telesales advisers who'll find you goods with cashback-style discounts - and there's an annual fee of up to £100 for the service.
According to many consumers, including avid Bitterwallet reader Greg, they also have a panache for taking money out of bank accounts without permission:
I received a phone call saying that I had requested further information about The Money Club. Thinking I might have looked into this and just forgotten, I went along with it. The story was along the lines of it being a club where you tell them what you are trying to order online and they will find a wholesaler who will seriously undercut the best price you can find. There is an annual fee for membership of this club.
They asked me if I wanted them to post through some documentation about this to check out, so I agreed. They then asked for some basic bank details (sort code and account number) to fast-track credit checks so that if I decided to go ahead there would be no delays. This is where I was stupid: I gave them the info, though I made it clear that I was not entering, and would never enter, into a contract over the phone.
Next thing I know HSBC have paid them a first payment of a Direct Debit. I cancelled the Direct Debit on line and then rang HSBC and asked them to cancel the payment.
Greg freely admits he was naive in handing over his bank details, but fair play to him for letting us know what was going on. In fact the intermaweb is chocked full of complaints about The Money Club and they date back several years; they cold call consumers using several phone numbers and seem very keen on auto-diallers, which are irritating the living hell out of those people picking up the phone to them.
As for the service, The Money Club appears to offer nothing that cashback websites don't already do. Amongst the dozens of complaints online and in the MSE forums, are examples of how The Money Club allegedly sets up Direct Debits and makes withdrawls without permission. Throw in one of the worst websites you'll see today, and there's nothing that should interest you in signing up to The Money Club. Have you had any experience of this bunch?