Kinesis Cashback is a digital voucher feature within the Kinesis monetary platform, allowing users to earn a 3% return in KAU and KAG while making purchases with gold and silver at their favourite stores and restaurants.
How does Kinesis Cashback work?
The Cashback feature allows US-based Kinesis users to purchase digital vouchers from almost 250 leading US retailers, online and across over 150,000 physical locations in the US, enabling them to make payments in KAU and KAG.
Users can purchase a voucher for any selected amount which is then instantly delivered straight to their Kinesis account and also to their email - so it can be given to the cashier to scan as payment - in full or in a few separate transactions.
Importantly, each voucher earns users 3% cashback in Kinesis gold and silver (received instantly, at the moment of purchase) that can be used towards future purchases.
You can break each voucher purchase into two steps:
- Purchase a cashback voucher for the exact amount you need from one of almost 250 retailers available via the Kinesis app or via Desktop - and get instantly rewarded with a 3% return.
- Use the cashback voucher to pay the retailer in full to complete your purchase, online or at one of the 150,000+ physical locations supported by the Kinesis cashback program.
Your purchased card can also be sent by email as a gift card to anyone within and outside of the Kinesis monetary system. All they will need to do is to scan the voucher code (in the form of a QR, barcode or PIN number) within the email you have sent them, to redeem their funds.
Your purchased vouchers can be found with your Kinesis account, in the CASHBACK tab located on the left-side navigation panel (desktop) or at the bottom of your mobile screen (Kinesis app). You will also receive two separate confirmation emails:
- One with your cashback card, which can be used by the purchaser or forwarded by email as a gift.
- An email telling you how much cashback you’ve saved while purchasing the card.
You don’t need to use your debit or credit card to complete a cashback voucher transaction. When purchasing in-store, everything happens within the Kinesis app, or - if you prefer to use the QR code - via email. Please ensure you don't pay for the same transaction twice!
How to use my Cashback voucher?
All you need to do is to follow 4 simple steps:
Step 1. Select A Merchant
Get started by selecting one of the almost 250 retailers within the Cashback tab of your Kinesis account. You can do it instantly via the Kinesis app, wherever you are, for example, in a participating restaurant that accepts gift cards and cashback vouchers.
Step 2. Enter your purchase amount
Purchase a voucher for the exact amount of your transaction, eg. your restaurant bill.
Step 3. Buy your voucher with gold or silver
When prompted, pay for the gift card using KAU or KAG, using the Buy option within your Kinesis Cashback tab. You will instantly receive a voucher sent to your email and a 3% return on your transaction, which can be also used toward future purchases.
Step 4. Redeem in-store or online
Show your voucher code (QR code, Barcode or PIN number) for the cashier to scan at the physical location. If you’re purchasing online, simply enter the gift card number into the gift card field to complete your purchase.