Robo Cash Reviews
(Rated by 6 users)
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Payment Methods
- Verified Store VERIFIED
- Free shipping: Orders $50+
- In-store pickup: Ready in 2 hours
- 30-Day Returns
- Gap Good Rewards (4 brands)
Payment Methods
- Tops: $23 - $70
- Bottoms: $27 - $70
- Outerwear: $34 - $70
- Kids: $29 - $75
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Overall Rating
4.8
Base on 6 Reviews
Ratings by Feature
Ratings by Feature
- Good Value4.7
- Shipping & Delivery4.3
- Price & Quality4.7
- Customer Service4.5
- Return Policy5.0
Recent Customer Reviews (6)
Brie Vaillancour
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Ulrike Feierabend
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Courtney Schofield
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Allon Heuvelink
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Áki Ásmundsson
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Cécile Laframboise
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Robo Cash Pros & Cons
Pros
1
Reliable Buyback Guarantee: Robocash offers a 30-day buyback guarantee, ensuring that investors receive their money back if a borrower defaults.
2
High Returns: Investors can expect annual returns of up to 12.3% with most loans ranging from 11-12%.
3
Easy-to-Use Platform: The platform is user-friendly, with an auto-invest feature that simplifies the investment process.
4
Secondary Market: Robocash provides a secondary market for investors to sell their investments, ensuring liquidity.
5
No Fees: The platform does not charge any fees to investors, making it an attractive option.
CONS
1
Limited Diversification: The platform primarily focuses on short-term loans, which may limit diversification options.
2
Manual Investments Not Supported: Unlike some other platforms, Robocash does not support manual investments, relying on the auto-invest feature.
3
Low Loan Availability: There may be periods where loan availability is limited, delaying investment.
4
Outdated Website: Some users have noted that the website looks outdated, which could be a minor drawback.
5
Currency Risk: Investing in a foreign currency (Euros) can introduce currency risk, especially for investors not using Euros as their home currency.
6
No Regulation: The lack of regulation may make Robocash a riskier proposition for some investors.
Robo Cash Features and Benefits
Features
Fully Automated Platform
Investing is fully automated, saving time and effort. Investors can set their preferences once, and the platform will automatically select suitable loans.
30-Day Buyback Guarantee
If a loan repayment is delayed for more than 30 days, the loan originator buys it back on the 31st day, ensuring investors receive their earned interest for both the loan term and the buyback period.
Competitive Interest Rates
Loans on the platform come with an annual interest rate of up to 11%, with the potential to earn up to 0.8% more through the Loyalty Program.
No Fees or Charges
Loan originators cover all expenses, and investors are not charged any fees.
Auto Invest Feature
Investors can set parameters like minimum and maximum investment amounts, interest rate ranges, and loan terms. The platform then handles the rest, allowing for easy and efficient investing.
Loyalty Program
The loyalty program offers additional interest rates based on the total balance of the investor's portfolio, potentially increasing annual returns by up to 1%.
Secondary Market
A secondary market allows investors to sell their investments and exit the platform quickly, providing liquidity when needed.
Reliable Finance Group
Robo.cash is backed by the international financial holding UnaFinancial, providing a solid background and security for investments.
Low Default Rate
The platform has a default rate of less than 2%, which is relatively low compared to other P2P lending platforms.
User-Friendly Interface
The platform interface is easy to navigate, providing clear information about each investment option, making it accessible for both beginners and experienced investors.