carolus
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Post by carolus on Jan 23, 2019 15:54:40 GMT
I just logged into the platform and noticed a message about a new signup/referral bonus. The new signup offer appears to be invest £2000 for a year and get a £200 bonus, with the signup period running until June 30. This seems not to require a referral link, but if one is used then the referrer also gets a £200 bonus (t&cs).
Nice to see more generous bonuses from them, but the constant stream of incentives does suggest they're still rather keen to get more funds in.
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r00lish67
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Post by r00lish67 on Jan 23, 2019 16:50:23 GMT
I just logged into the platform and noticed a message about a new signup/referral bonus. The new signup offer appears to be invest £2000 for a year and get a £200 bonus, with the signup period running until June 30. This seems not to require a referral link, but if one is used then the referrer also gets a £200 bonus (t&cs).
Nice to see more generous bonuses from them, but the constant stream of incentives does suggest they're still rather keen to get more funds in.
I'm continually torn back and forth by this lot. Each time I persuade myself to withdraw because of anaemic borrower growth and ongoing defaults/decreasing provision, they then typically announce bonuses and some form of impressive sounding international funding round, as today.
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Post by Ace on Jan 23, 2019 17:46:17 GMT
That sounds like a very expensive way of getting new money in. Wouldn't it be more effective to push rates up a bit, as that would encourage existing investors to add funds as well?
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Post by gravitykillz on Jan 23, 2019 18:41:08 GMT
That sounds like a very expensive way of getting new money in. Wouldn't it be more effective to push rates up a bit, as that would encourage existing investors to add funds as well? Thats prob why they needed the 7.5 million investment to pay these bonuses!Totally agree though increasing rates to 6% would have been a much better way to increase funds. Maybe a few tv ads to boost awareness of this platform wouldnt be bad either.
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Ukmikk
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Post by Ukmikk on Jan 23, 2019 19:01:23 GMT
That sounds like a very expensive way of getting new money in. Wouldn't it be more effective to push rates up a bit, as that would encourage existing investors to add funds as well? And/or an IFISA.
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IFISAcava
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Post by IFISAcava on Jan 23, 2019 19:43:08 GMT
That sounds like a very expensive way of getting new money in. Wouldn't it be more effective to push rates up a bit, as that would encourage existing investors to add funds as well? And/or an IFISA. This for sure
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DeafEater
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Post by DeafEater on Jan 24, 2019 13:10:59 GMT
I don't have much in GS but as part of a general withdrawal from P2P I started drawing down my 5k in GS about a fortnight ago. I hope this panic for funds isn't as a result of my 5k because if so, they really are in trouble.
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ceejay
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Post by ceejay on Jan 25, 2019 9:19:57 GMT
I don't have much in GS but as part of a general withdrawal from P2P I started drawing down my 5k in GS about a fortnight ago. I hope this panic for funds isn't as a result of my 5k because if so, they really are in trouble. Not just you - I've withdrawn 90% of my funds from GS in the last few weeks!
I have to say this offer is tempting - for Mrs Ceejay. 2x£200 for a £2000 punt represent the sort of return that would justify a significant perceived risk! I note that they seem to be expecting some of this - the TSandCs specifically state that the account details must be different "unless its a joint account".
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Post by nesako on Jan 28, 2019 10:30:27 GMT
I don't have much in GS but as part of a general withdrawal from P2P I started drawing down my 5k in GS about a fortnight ago. I hope this panic for funds isn't as a result of my 5k because if so, they really are in trouble. Not just you - I've withdrawn 90% of my funds from GS in the last few weeks!
I have to say this offer is tempting - for Mrs Ceejay. 2x£200 for a £2000 punt represent the sort of return that would justify a significant perceived risk! I note that they seem to be expecting some of this - the TSandCs specifically state that the account details must be different "unless its a joint account".
I made use of the original £100 for £1000 offer + £100 referral for my MRS, so we have (already) received £300 bonus for investing just £2000 between us two. This offer is even better, so I would take it if I was eligible. I have now been sucked in by one of the "increase your balance" offers which is way less generous when compared to this one
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Post by wellgood on Feb 24, 2019 0:15:30 GMT
Does anyone know if there is some kind of confirmation of eligibility shortly after signing up and depositing £2k+? Obviously cashback subject to keeping £2k in the platform, but would be good to get confirmation that the offer tracked correctly rather than being disappointed in 12 months time
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Post by gravitykillz on Feb 24, 2019 8:32:39 GMT
Would fee more comfortable investing if they used these additional funds to bump up the pf. I would then invest more
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Post by nesako on Feb 24, 2019 13:08:13 GMT
Does anyone know if there is some kind of confirmation of eligibility shortly after signing up and depositing £2k+? Obviously cashback subject to keeping £2k in the platform, but would be good to get confirmation that the offer tracked correctly rather than being disappointed in 12 months time No, but so far they paid out all bonuses on time, so should be all OK
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rscal
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Post by rscal on Feb 24, 2019 14:53:37 GMT
Does anyone know if there is some kind of confirmation of eligibility shortly after signing up and depositing £2k+? Obviously cashback subject to keeping £2k in the platform, but would be good to get confirmation that the offer tracked correctly rather than being disappointed in 12 months time No, but so far they paid out all bonuses on time, so should be all OK The best policy is to contact them yourself and ask them to confirm you now qulaify and then keep their reply in the event of problems later.
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Post by df on Feb 24, 2019 17:58:57 GMT
Does anyone know if there is some kind of confirmation of eligibility shortly after signing up and depositing £2k+? Obviously cashback subject to keeping £2k in the platform, but would be good to get confirmation that the offer tracked correctly rather than being disappointed in 12 months time Not sure how it works now, but when I joined (almost 2 yeas ago) there was no e-mail confirmation. Year later I phoned GS asking "where is my bonus?". The answer was - "your funds were invested after promotion deadline". I'm pretty sure I did it within time frame, but I could be wrong. Didn't have any evidence, so I just left it at that. The other "20% increase" bonus arrived on time. It wouldn't hurt to e-mail as ask for confirmation, just in case.
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Post by wellgood on Feb 24, 2019 21:42:00 GMT
Does anyone know if there is some kind of confirmation of eligibility shortly after signing up and depositing £2k+? Obviously cashback subject to keeping £2k in the platform, but would be good to get confirmation that the offer tracked correctly rather than being disappointed in 12 months time Not sure how it works now, but when I joined (almost 2 yeas ago) there was no e-mail confirmation. Year later I phoned GS asking "where is my bonus?". The answer was - "your funds were invested after promotion deadline". I'm pretty sure I did it within time frame, but I could be wrong. Didn't have any evidence, so I just left it at that. The other "20% increase" bonus arrived on time. It wouldn't hurt to e-mail as ask for confirmation, just in case. sounds good, thanks
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