Everyone pays in.
Each takes a turn.
The rotating umgalelo or mmalperiod: everyone contributes each round, one member is paid each turn, in the order everyone signed. The club earns monthly cashback while it runs.
- Set order
- Shared feed
- Monthly cashback
No more “whose turn is it?”
The rotation is set and signed up front. Everyone can see who’s been paid, who’s next, and who’s waiting.
Every payout, by the signed order.
Everyone accepts the rules and the order when they join. Each turn then pays out automatically to the next member. No favourites, no jumping the queue, no quiet changes.
How does a rotating stokvel work on Moneyclub?
Everyone pays in each round, and each turn one member is paid, in the order everyone agreed. Members pay by EFT, card or from their Moneyclub Pocket, and the club feed shows who’s been paid, who’s next and who’s waiting. In the app, a rotating stokvel is called a Rosca.
How is the payout order decided?
The order is set when the club is created, and every member accepts the rules and the order when they join. Each turn then pays out automatically to the next member in that order. No favourites, no jumping the queue, no quiet changes.
What if someone doesn’t pay?
Everyone can see who has paid and who hasn’t, live, on the club feed. There’s no quiet missed month and no need to chase anyone in a WhatsApp group.
Where does my payout go?
Your turn pays into your Moneyclub Pocket. From there you can pay into your next club or goal, or withdraw to your bank: an instant payout arrives within minutes and carries a fee, and a standard EFT takes 1–2 business days. You see any fee before you confirm.
Does a rotating stokvel earn anything?
Yes, monthly cashback. It’s paid into your rewards pocket every month, and you can move it into a savings pocket or withdraw it to your bank. The current rate shows in the app before you start.
Fees & earningsIs the money safe?
Club money is held with a regulated South African bank, in accounts Floatpays administers on your behalf, never in an organiser’s personal account. Every member is ID-verified with their ID and a selfie, and Floatpays (Pty) Ltd is an authorised financial services provider (FSP 52120).
Trust & SecurityStart your rotating stokvel tonight.
Free to set up. Two minutes to start. Everyone sees the money from day one.