Givvo has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Ultron Coin. We’ve received over 6 complaints against Givvo.
Givvo launches Ultron as an extension on a distinct subdomain, a departure from standard practice, especially given that this subdomain was recently banned, putting doubt on Givvo’s internet presence. Givvo promises to transform social success rates by providing a donations platform for secret humanitarian groups, where e-commerce transactions generate “donation points” for charity. However, Ultron’s entry into cryptocurrency, which lacks precise details and public tradeability, raises concerns about its validity and feasibility. Concerns about regulation evasion and potential scam activities prompt stakeholders to proceed with care.
Get Your Money Back From These Scammers!
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Key Takeaways
Is Givvo Regulated? Do They Have a License?
Givvo releases Ultron, which is at first seen as an addition to the Givvo platform and is housed on a separate subdomain. This is an unusual move that is different from normal roll-outs.
This is especially true since the subdomain was recently turned off, which makes people wonder about Givvo’s digital record, which doesn’t seem to exist outside of this situation.
Givvo comes out with a big claim to change the way society usually works, which is that most people feel like they can’t “win” at life.
Givvo describes itself as a platform that sends gifts to unknown humanitarian groups. Its idea came from a desire to balance personal happiness with the betterment of the world.
People who buy things on the platform earn “donation points” that are then used to support partnered humanitarian groups. The platform’s main function is to combine e-commerce with a charitable backbone. Givvo’s unique value proposition is summed up by this method, which quietly turns potential customer rewards into donations to charity.
Ultron’s launch is a big step into cryptocurrency, adding a digital asset layer to Givvo’s model, according to the company. This change suggests an expansion plan, but there aren’t many details yet because Ultron’s operational basis and ability to be traded by the public are secret, which raises questions about its legitimacy and long-term viability.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Givvo is a scam and most likely, an illegal operation.
Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.
That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.
In the case of Givvo, victims have nowhere to go due to the absence of a watchdog or license.
You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
Trading Conditions and Deposit/Withdrawal Methods at Givvo
However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.
They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.
But in 9/10 cases, the scammers actually stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.
If you want to get your money back from a scammer, you’d need to file a chargeback.
Givvo Customer Service: Do They Handle Complaints Well?
The fact that Givvo is run by the UK-based company Prizer22 LTD makes people want to look into it more. The UK’s lax incorporation rules and the Financial Conduct Authority’s (FCA) weak control of MLM activities create a loophole that shady organizations take advantage of, making people even less trusting of Givvo and Ultron.
Givvo is registered in the UK, but its operations and leadership are based in Dubai, Slovakia, and Slovenia. Its e-commerce website uses euros for all transactions. Givvo’s foreign reach and the fact that it is run by Tobias Sukenik and Michal Prazenica, two people who have been involved in controversial projects in the past, raise more questions about the company’s credibility and intentions.
The fact that Ultron has switched to cryptocurrency and doesn’t have a clear external source of income says that the company is running a risky business that could be investment fraud. Since the model depends on ongoing investments from participants, it naturally runs the risk of failing because it can’t be maintained.
When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.
In the beginning, scammers tend to remain very accessible.
This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.
However, they do all this just to win your trust.
Scammers understand that in order to convince someone to give them a large sum, they will need to seem like a friend.
Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.
All of a sudden, their numbers would either stop responding or become unavailable.
Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.
However, in the end, the customer support won’t resolve your issues and become increasingly unavailable.
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Givvo Reviews: What Do Others Say?
It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
Scammers like Givvo tend to purchase fake reviews for their online profiles to make themselves seem more credible.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why you shouldn’t trust Givvo reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews that are posted by temporary accounts (profiles which only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of Givvo, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like Givvo enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Givvo reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Givvo.
You should always look out for consumer complaints. In the case of Givvo, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees and charges
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about Givvo? You can share your complaint in the comment section or submit an anonymous tip.
Is Givvo Legit Or Scam?
The intricate network of Givvo and Ultron’s business, legal, and moral issues presents a complex scenario. Stakeholders are advised to exercise caution when approaching various initiatives, ranging from ambitious beginnings to ventures that may be fraught with uncertainty and potential challenges.
The downfall of Ultron, whether triggered by regulatory scrutiny or shifts in the market, will shed light on the intricate dynamics at play in cryptocurrency and MLM businesses.
Givvo is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.
The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind Givvo can run away with your money without any prior notice. You should be extremely cautious when dealing with an unregulated service provider.
The absence of a watchdog also means you cannot report to them to anyone.
Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.
Can You Trust Givvo?
All the evidence suggests that Givvo is a scam. If you have lost money to them, there is still a chance you can get it back.
To recover your funds, you’d need to file a chargeback.
Frequently Asked Questions
Is Givvo a scam?
Can I withdraw money from Givvo?
Where is Givvo Located?
How do I get my money back from Givvo?
How The Givvo Online Scam Works
Intelligence Commissioner investigates & reviews online money-making opportunities. We strive to provide critically helpful information to our readers and assist them in identifying scams. 
