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Lottery Syndicate Website
dazzler1009
Posts: 6 Forumite
This isn't quite a vent, moan or praise...yet, as I know nothing about this website but has anyone used the following website syndicatetool dot com it claims to help manage your Lottery syndicate. I'm the manager of a syndicate at work and currently collect money each week and buy tickets and have to check the tickets weekly.
I am looking at doing it all online and get everyone to pay into an account using standing order. The issue there is that no banks do bank accounts specifically for lottery syndicates anymore, due to account holders not keeping any money in the account for any length of time. Plus I don't really want the hassle, or responsibility of opening a basic current account in my name, plus if 'when' we win a huge amount there is the issue of tax!
So I did some searches on the internet and I found syndicatetool dot com that says that it helps you to manage the syndicate, buys lottery tickets for you and if you win it shares the winnings equally between all those that paid that week.
Has anyone used this website?? I can't find anyone who has and could do with some feedback as to whether or not its reliable and trustworthy.
Cheers :j
Darren
I am looking at doing it all online and get everyone to pay into an account using standing order. The issue there is that no banks do bank accounts specifically for lottery syndicates anymore, due to account holders not keeping any money in the account for any length of time. Plus I don't really want the hassle, or responsibility of opening a basic current account in my name, plus if 'when' we win a huge amount there is the issue of tax!
So I did some searches on the internet and I found syndicatetool dot com that says that it helps you to manage the syndicate, buys lottery tickets for you and if you win it shares the winnings equally between all those that paid that week.
Has anyone used this website?? I can't find anyone who has and could do with some feedback as to whether or not its reliable and trustworthy.
Cheers :j
Darren
0
Comments
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dazzler1009 wrote: »This isn't quite a vent, moan or praise...yet, as I know nothing about this website but has anyone used the following website syndicatetool dot com it claims to help manage your Lottery syndicate. I'm the manager of a syndicate at work and currently collect money each week and buy tickets and have to check the tickets weekly.
I am looking at doing it all online and get everyone to pay into an account using standing order. The issue there is that no banks do bank accounts specifically for lottery syndicates anymore, due to account holders not keeping any money in the account for any length of time. Plus I don't really want the hassle, or responsibility of opening a basic current account in my name, plus if 'when' we win a huge amount there is the issue of tax!
So I did some searches on the internet and I found syndicatetool dot com that says that it helps you to manage the syndicate, buys lottery tickets for you and if you win it shares the winnings equally between all those that paid that week.
Has anyone used this website?? I can't find anyone who has and could do with some feedback as to whether or not its reliable and trustworthy.
Cheers :j
Darren
No address on your website and you want people to pay money over to your new website Darren.
Avoid this website0 -
No address on your website and you want people to pay money over to your new website Darren.
Avoid this website
Not just no address, but the site is run by a Ltd company and has no company details on it as is required.
Definitely one to avoid. I wouldn't be surprised if any personal details given are spammed mercilessly - how else will a Ltd company be making any money from the site.0 -
Thanks Dale, I thought as much as it did seem to be too good to be true, and easy to use the software!
Cheers
Darren0 -
I've just found the address on lotterytech dot com which is 'the compaby' and lottery tool is the software to manage a syndicate0
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dazzler1009 wrote: »I've just found the address on lotterytech dot com which is 'the compaby' and lottery tool is the software to manage a syndicate
Kemp House, 152 City Road, London, EC1V 2NX.
That makes me feel so much safer a mail drop address / serviced offices that anyone can use for a fee0 -
On the Companies House website the address was changed in 2012
REGISTERED OFFICE CHANGED ON 15/05/2012 FROM
76 THE WARREN
HOUNSLOW
MIDDLESEX
TW5 0JN
UNITED KINGDOM0 -
Think I'll do it all by standing order, pity really as the software sounded like it was ideal for our works syndicate!0
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i do our work syndicate, 14 of us all on line paying me by standing order, and a continious direct debit set up online for the tickets. i dont have to do anythig!!
i used an 'old' free tsb account i hadnt used for a while for the payments to go into
as long as you get everyone to fill out and sign the lottery syndicate form u can get from the lottery website im sure ur covered for the tax.0
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