Virgin Money Spot - Everything you need to know

Virgin Money Spot is a transactional mobile app that let people exchange money instantly. The best part? It is easy to use and completely free. The app is available for free download in Google Play and App Store. People are making money with the app too - through refer and earn feature. The Virgin Money Spot app has just been recently launched and getting popular by the minute. Spot already has over 5 000 active users however some people are still reluctant to trusting the app. People feel its a scam, especially when people post the app on social media claiming to be making money. I can tell you now, the app is legit, provided by your trusted Virgin Group. Let’s find out more.

How does the Virgin Money Spot app work?

The Virgin Money Spot offer you various benefits you can enjoy. It's the quickest way of sending money to family members and people you know. It’s the simplest, safest and most social way of sending money in South Africa. You could still make money by referring others to use the app - like an affiliate partner. But'll have a look at the money part later in the article - stay tuned. So, why would you choose the Virgin Money Spot over any other existing platforms such as FNB eWallet out there? Almost every banking institution offer this service. But the difference between them and Spot app is the following:
  • Pay 0% transaction fees on debit & cheque cards
  • Pay 0% transaction fees on credit cards
  • Don't pay any transaction fee when you receive funds
  • Earn money by referring friends
With other services such as the eWallet, Absa CashSend and Standard Bank Instant Money, you pay for transaction fees. virgin-money-spot-infographic In short: you don't pay anything to use the Spot app services. It's FREE!

How to make money with the Spot App

Making money with the Virgin Money Spot is one of their biggest features of the app. The referral system. When you register your user account with the app, you will get a referral code. Invite your friends to register and use the app with your unique code and earn R30 per confirmed registration. The best part? Your friend will also receive R30 upon successful registration. Money you earn from referring friends will be available after they've successfully registered, in your Spot Wallet in an instant. It’s that simple. Checkout the Virgin Money Spot app FAQs here for better understanding.

Is Virgin Money Spot Scam?

Nope, the spot app is not a scam. It's a legit app developed by a Cape Town based mobile software company, WiGroup in partnership with Virgin Money. WiGroup specializes in mobile tech, which enable consumers interact with brands and business in the most convenient way. The idea for the Spot app was to help consumers with the hustle of exchanging banking details for EFT transactions. Electronic Fund Transfer (EFT) is considered the third most popular payment method for online shoppers in South Africa. You can request and receive money directly from the Spot app. You will also earn loyalty rewards as per your bank applications. Enter your banking details once and make transactions as you please forever. The app is 3D secured which uses data encryption and PIN-protected payments to provide the simplest, safest and most secure experience possible. The Virgin Money Spot is only available in South Africa for now. The refer and earn feature of the app is just a way of promoting the app in the country. The feature itself seems a bit like a scam but no, it's real - people are making money with the app. Just like network marketing, you refer people and earn commission when they successfully register to use the app. For more information about the Spot app, email the Virgin Money Spot at spot@virginmoney.co.za. Alternatively, visit the website on www.virginmoney.co.za and complete the contact form with your details. A consultant will then get in touch with you very shortly.