Lottery Syndicate Website

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

Comments

  • dacouch
    dacouch Posts: 21,636 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    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 website
  • gb12345
    gb12345 Posts: 3,055 Forumite
    dacouch wrote: »
    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.
  • Thanks Dale, I thought as much as it did seem to be too good to be true, and easy to use the software!

    Cheers

    Darren
  • I've just found the address on lotterytech dot com which is 'the compaby' and lottery tool is the software to manage a syndicate
  • dacouch
    dacouch Posts: 21,636 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 10 April 2013 at 10:17PM
    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 fee
  • 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 KINGDOM
  • Think I'll do it all by standing order, pity really as the software sounded like it was ideal for our works syndicate!
  • F_Bear
    F_Bear Posts: 345 Forumite
    Tenth Anniversary 100 Posts Name Dropper Combo Breaker
    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.
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