Faq – Cashme

General Info

What is Cashme?
Cashme is a feature that allows Mygrants users to earn money every month by learning.
Where can I download the Cashme?
Cashme is a feature of Mygrants! Being a web app, Mygrants does not need to be downloaded.

If you already have an account log in, otherwise create your account now!

Where can I download the Mygrants app?
Being a web app, Mygrants does not need to be downloaded.

If you already have an account log in, otherwise create your account now!

On which devices can I use Cashme?
Mygrants is a web app. Therefore you can access it from any Android or iOS smartphone or from any computer or tablet.

If you already have an account log in, otherwise create your account now!

Are Mygrants and Cashme free of charge?
Yes! Sì! Oui!

We don’t charge you any fees, on the contrary! With Cashme you can earn money every month by learning!

Who makes the money available for Cashme?
Mygrants of course! But also some partners.

Wella, Unicef, Junior Achievement are some of our partners who over time have decided to invest in talent, co-financing the budget of Cashme.

Why did Mygrants decide to create Cashme?
We believe that all public and private organizations have a duty to invest in people who decide to commit to their own personal, professional and financial growth.

And Mygrants has decided to do it concretely through Cashme!

What is the 'thinking' behind Cashme?
If ‘access to credit’ is linked to a person’s financial ‘reputation and credibility’, the time has come to give all people who are excluded from formal economic circuits the possibility of generating, nurturing and demonstrating their financial reputation and credibility.

And we’ve decided to do it by considering new criteria, such as:

– the general quality in the training course
– your proficiency in financial education
– your potential, current or future career destination
– your ability to set and achieve goals, in a constant way
– the congruence between how money is claimed to be used and how it is actually used
– your success rate in monthly challenges

Can I invite relatives, friends, acquaintances?
You have to!

Copy and paste this link on WhatsApp, Facebook and Instagram and invite all your relatives, friends and acquaintances to join you on Mygrants and benefit from Cashme!

Partecipation Criteria

Who can apply for Cashme?
Everyone registered on Mygrants and who:

1) has a confirmed account on Mygrants
2) has applied to a Cashme Challenge
3) is at least 16 years old

How can I apply to Cashme?
Remember: Cashme is a feature of Mygrants!

If you already have a Mygrants account, click on Opportunities <> Cashme <> Apply.

Not registered yet? Create your account on Mygrants and choose “Earn” from the available Priorities!

Can I change my Professional Destination whenever I want?
Unfortunately not!

You have to set your Economic Goal and Professional Destination within 48 hours of the start of a Cashme Challenge.

These settings cannot be changed during the Cashme Challenge.

The settings will be automatically reset at the end of each Cashme Challenge.

Game rules

What do I have to do in order to earn with Cashme?
It’s simple!

You need to be on the Top Performers list at the end of a Cashme Challenge!

To get there, during the Cashme Challenge, you need to complete as many module quizzes as possible with as many correct answers as possible within the shortest possible time frame.

If you are on the Top Performers list at the end of the Cashme Challenge, you will be guaranteed to earn money through Cashme.

Can I repeat all the module quizzes more than once?
No, not all of them!

If you apply to a Cashme Challenge, the module quizzes can be taken up to 3 times a week, while the Final Tests can be taken only once a week.

If I repeat a module quiz multiple times, do I collect more points?
Technically speaking, yes !

But you should know that the accumulated score is not the only criterion that determines the Top Performers ranking.

How is the Cashme ranking generated?
What determines the ranking of the Top Performers is the quality of the correct answers, the number of attempts made and the average time taken to answer each question.
What happens to all the collected points at the end of the month?
If you apply to a Cashme Challenge, at the end of the Cashme Challenge, your score is automatically reset to zero.
What happens if I don't earn any money?
While you may not have earned any money you will definitely have strengthened your skills and spirit of initiative.

Putting yourself to the test helps to constantly improve. So why not apply to the next Cashme Challenge?

Good luck!

How much can I earn with Cashme?
It depends!

The sum of money you could earn during each Cashme Challenge depends on various factors, including:

– the Budget available for the Cashme Challenge in question
– the number of people applying to a Cashme Challenge
– the quality of your training activity during the Cashme Challenge

In 2021, each Top Performer earned an average of €317 per Cashme Challenge.

In any case, with Cashme you cannot earn more than € 5,000 in the calendar year (January to December).

Can I apply to Cashme every month?
Of course!

The duration of a Cashme Challenge is normally a full month and each month closes and opens a new challenge.

This means that you can apply to a Cashme Challenge every month, as each month you will find a new Budget available, new competitors to face and new personal and economic goals to reach!

How many people earn each month with Cashme?
It depends!

The number of people who could earn money during each Cashme Challenge depends on various factors, including:

– the Budget available for the Cashme Challenge in question
– the number of people applying to a Cashme Challenge
– the quality of your training activity during the Cashme Challenge

In 2021 there were 7 Cashme Challenges and 110 people were able to earn over €35,000.

How can I can track my ranking position on Cashme?
It’s simple!

Log in to Mygrants and click on Menu <> Ranking <> Cashme

How it works

How does Cashme work?
It’s simple!

1) login to your account or create your account on Mygrants and customize your profile
2) apply to a Cashme Challenge, complete your profile and set your Goal
3) carry out your training activity to achieve your daily goals

If, at the end of the Cashme Challenge, you are in the Top Performers list:

1) convert your collected points into Euros on your Cashme Wallet
2) transfer the balance of your Cashme Wallet to your bank account, Paypal, etc
3) use the sum received for your personal needs such as grocery shopping, paying rent or investing in crypto

What professional destinations can I earn money on?
There are so many to choose from!

Every month, Mygrants makes a budget available for industries in high demand, including:

– IT and telematics
– finance and insurance
– mechanics and mechatronics
– translation and secretariat
– hospitality and catering
– repair work and maintenance
– cleaning and sanitation work
– logistics and handywork

In fact, Cashme incentivizes you to better invest your time in training and at the same time, encourages you to carry out useful activities to capitalize on all your skills and knowledge as a student, entrepreneur, employee or freelancer.

How can I make sure I earn with Cashme?
By becoming a Top Performer!

Your chances of earning with Cashme depend on various factors, including:

– the Budget available for the Cashme Challenge
– the number of spots available on the Top Performers list for the Cashme Challenge in question
– the number of users that apply to a Cashme Challenge
– the quality of your training activity during the Cashme Challenge

Therefore, your chances of earning with Cashme are directly proportional to your ability to be on the Top Performers list by the end of the relevant Cashme Challenge.

Delivery of money

Where do I receive the money earned with Cashme?
Wherever you want!

On your bank account, postal account, PayPal, Remit Choice, Sendwave or Remitly?

The choice is yours!

All you have to do is enter your account details on your Cashme Wallet to be able to transfer the money available from your Cashme Wallet to the account (bank, postal, PayPal, Remit Choice, Sendwave or Remitly) of your choice!

Can I receive the money I earn on another person's bank account?
Unfortunately not!

To properly handle the administrative reporting of payments, it is necessary that Cashme beneficiaries receive the money on their personal account and not on another person’s account.

How is the money I earn justified?
All Cashme Challenge winners will receive an email attachment (prestazione occasionale) confirming receipt of the money transfer from the Cashme Wallet to their bank account, postal account, PayPal or other system.
What is a prestazione occasionale?
The prestazione occasionale is an agreement used for occasional provisions of work services of various kinds in a limited time.

The prestazione occasionale agreements are also defined as ‘casual work’ (prestazioni lavorative occasionali) and provide for specific rights and protections for the beneficiary.

What are the positive aspects of a prestazione occasionale?
A prestazione occasionale is a tool that can be used by people who carry out occasional, casual or sporadic work activities.

To carry out occasional work, it is not necessary to be a freelancer.

This kind of collaboration can be used, in some cases, also by employees.

What are the negative aspects of a prestazione occasionale?
The prestazione occasionale provides for a maximum limit to the remuneration of the person performing the service, i.e. 5,000 euros net for the year.
How can I use the money I earn with Cashme?
As you wish!

Use the money earned with Cashme for your personal needs. You can use it for example to buy groceries, pay rent or invest in crypto!

If I win, when will I receive the money?
All Cashme beneficiaries usually receive the money within 15 days after the end of the Cashme Challenge.

To receive the money, we need to receive by the end of the Cashme Challenge all of your personal and banking details necessary to deliver the money and set up your prestazione occasionale.

Privacy

How is my data used?
In an ethical way!

Like many website operators, Cashme collects information that your browser sends whenever you visit our website (“Log Data”).

This Log Data may include information such as your computer’s Internet Protocol (“IP”) address, your browser type, your browser version, which pages of our Site you visit, the time and date of your visit, the time spent on those pages and other statistics.

This information is not collected in order to be matched with identified interested parties, however by its very nature it could, by being processed and matched with data held by third parties, allow Trainees to be identified.

The optional, explicit and voluntary submission of personal data through specific forms within the website, or through the email addresses listed on the website, involves taking note of your email address, as well as any other personal data included in the form or message.

We use the data you voluntarily provide to manage your requests.

You are not required to provide your personal data. However, if you choose not to, Cashme may not be able to handle your request.

The data provided will be processed by Mygrants and its employees, agents and/or people authorized for this purpose. Your personal data will not be shared with third parties and will not be transmitted for disclosure without your consent.

Help

Need help?
No problem!

You can send us an email at info.cashme@mygrants.it!