Kwik is proud to introduce Cashback with our newest KB 1.3.3 software release! This is just one of several new features introduced in this version. Click here to learn find the 1.3.3 release notes.
What is Cashback?
Cashback is the newest incentive introduced on the Kwik Platform, and it applies to (nearly) EVERY purchase made on Kwik—including repeat purchases. The cashback rate for most brands and products will be 2.5%, but that may vary based on the product, country, etc.
While there are additional variables that could impact how much Cashback you will receive, nearly every product on the Kwik platform will provide some degree of Cashback.
How Can I Use It?
A lot of cashback programs are difficult to use, but Kwik makes it easy. You can find the Kwikcash value of your Cashback in two places:
1. On the product preview card.
2. On the product details page
If you’re not seeing the Cashback rate in either of those locations, that is one of the few products that does not offer Cashback on the purchase.
Wondering how to use your Cashback? It’s simple, when you purchase a product on Kwik, that money will go straight into your Kwikcash Balance. You will be able to see it as “Instant Kwikcash” in your account.
Be aware that the Cashback in your account will be “Pending” until it clears the return period. At that point, you will be able to cash out your money and use it wherever you want.
We are continuing to add more elements to Kwik to make our platform your go-to “Cashback” program, and we’re adding more vendors, brands, and products every day.
How Does Cashback Benefit Me?
If you’re reading this article and wondering, “Why is Kwik offering cashback when they’re a referral program?” you’re definitely onto something. We realized the best way to encourage someone to try a new product is to offer the best price possible. With Cashback, when you share a product you love with a friend, you’re also sharing a great deal!
Sometimes when you share a link with a friend, they might think about buying the product, but wait a week or more to actually make a purchase. This is an issue for the person referring the product because it can break the link in the blockchain. Which means you won’t earn a commission when your friend actually decides to purchase the product.
Cashback offers a solution to this problem by incentivizing your friend to make a purchase quickly in order to claim their instant cash reward.
We want to make using Kwik and claiming Cashback a no-brainer. And being able to share a great price along with cool product recommendation is a great way for users to grow their waves of earning and truly harness the power of our blockchain technology.
We’re excited to officially launch Cashback. We know you’ll love it, because who doesn’t love free cash? In the meantime, we’ll continue to find new ways to incentivize users to sign-up for Kwik and access all our rewards features. If you’ve got feedback or ideas, please contact us at hello@kwik.com.
