Cash Tracking System Review
Price: Free to join; $500 minimum to particpate
How would you like to earn thousands of dollars per day? How would you like to do that with other people doing most of the work for you? Of course you would, and that’s what the Cash Tracking System says they can provide. With the Cash Tracking System, you can sign up for free, and then, they say, earn up to $10,500 at a time.
Not only that, but once you get just two people to sign up under you, you’ll be making that money pretty much on autopilot, with people wanting to pay you money contacting you about it. That sounded interesting, so I thought I’d take a closer look and see what the Cash Tracking System is all about. Is Cash Tracking System a scam?
Read on for the full Cash Tracking System review.
Cash Tracking System Overview
This is where I’m supposed to tell you what the Cash Tracking System is, but the Website spends a lot of time telling you what it is not. They say that it’s not a business, that they’re not selling products, that it’s not a pyramid scheme, and that it’s all legal. You’ll just be making a lot of money….doing what, exactly?
Cash Tracking System is a cash gifting system. In this system, you sign up, agree to give a gift of $500, $1000, $1500, $2000, $3500, $6500, or $10,500 to someone who is already a member. Once you do that, you’re all set up. Then you just need to persuade someone to join underneath you, and get them to give a gift in one of those amounts…to the person who talked you into joining. Even if that person gives $10,500, you won’t get anything from it.
Once you sign up a second person to the Cash Tracking System, however, you’ll receive the full amount of the gift, which can range from $500 to $10,500. Not only that, but you will receive the full amount from the first person that they get to sign up, and the first person that person gets to sign up, and so on. From that point forward, you’ll earn money from the first person that each person who joins Cash Tracking System underneath you contributes.
You’ll also receive cash from every new person whom you persuade to sign up underneath you from that point on. How much you receive depends on two things:
- How much that the person signing up gives ($500, $1000, $1500, $2000, $3500, $6500, or $10,500)
- How much that you have paid to join the system.
The second part is critical, as you cannot receive funds for any level for which you have not yourself paid. If you join Cash Tracking System at $500 and someone underneath you signs up and pays $3500, you will only get $500 of that money and the extra $3000 will go to someone else.
Because of this, the Cash Tracking System sales page says that 90% of the people who sign up join by paying $3500 – so they don’t lose out.
When you sign up with the Cash Tracking System, which you can do for free, you’ll see a series of seven videos that explain how the system works. They claim that you’re just joining a club, and that they’re not promising that you’ll make money and that they’re not selling a product or a business. They say that Cash Tracking System is just a club of people who like giving money to people.
The cash is a gift, and when you pay, you’ll have to include a form that says that you’re giving that money to the person to whom you’re sending it, and that you expect nothing in return. Similarly, all of the cash that you receive from new members will also come to you with such a letter. The Cash Tracking System site says that because the cash is a gift, you won’t have to pay taxes on it under U.S. law.
One of the videos has lots of glowing testimonials from people who say they have been members for a while and who say that they’re earning lots of money with the Cash Tracking System. Perhaps they are. It’s also possible that all of the testimonials are fake. It’s hard to say.
There are also videos on the site that are designed to assure you that the Cash Tracking System is entirely legal and that you’re not participating in any sort of multilevel marketing system or pyramid scheme. That’s true, but cash gifting systems are also illegal in many states. After all, the site is promising that you’ll make money, and that to do so you’ll have to pay, but they’re telling you emphatically that you will not receive anything for your money.
Legally, this is all pretty shady, and depending on where you live, you may or may not be breaking the law by participating in the Cash Tracking System. That aside, can you really make money with this system? That depends. How many people do you know who have $3500 to invest? How many people do they know who have $3500 to invest? In order to make any money at all, you have to persuade at least two other people to join and pay.
If you don’t have $3500 to spend, and you don’t know anyone who also has $3500 to spend, then you’re going to have a hard time making any money with this. Keep in mind that the same thing applies to every person who signs up underneath you. Every person who signs up has to talk two other people into paying before they’ll see any money.
On top of this, you will also have to pay a one-time $25 setup fee and $34.95 per month for a Website. I don’t know whether the people participating in the program are making money, but the people who are selling the Websites certainly are, as $34.95 per month for a Website is a lot of money to pay for a Website.
Pros and Cons of Cash Tracking System
- Free to sign up
- Lots of potential for earning big $$$
- May be illegal
- You have to spend a lot of money to make a lot of money
- If you can’t recruit other people, you’ll earn nothing
Cash Tracking System Summary
Cash gifting systems aren’t new, and the Cash Tracking System has been around for a number of years. One of the videos says that the system was created in 2001. That’s kind of surprising, as most of these systems fold after a fairly short time, either due to legal action or due to the fact that the members run out of
suckers people to pay to join underneath them.
If you’re interested in learning how to make money, there are better ways to do it than by joining a cash gifting program like Cash Tracking System. I’d recommend that you try one of those instead.
Cash Tracking System is not recommended.