Kinesis has launched the Metalback program

Kinesis has launched the Metalback program

Kinesis Metalback program provides users with the unique opportunity to earn up to 10% Metalback – paid in physical gold – on everyday purchases from over 6,000 leading retailers worldwide.

Through the Metalback hub on the Kinesis platform, users can explore thousands of exclusive savings from global brands such as Apple, Gucci, Lacoste, Ralph Lauren, Samsung, Sony, and many more. Metalback is accessible to users across the United States, United Kingdom, Asia, Europe, the Middle East, and Australia & Oceania.

Features & benefits of Metalback

- Get up to 10% Metalback every time you make online purchases.
- Earn gold deposited into your Kinesis account.
- No fees on your Metalback purchases.
- Pay with your regular card or select from a wide range of payment methods.
- Earn extra gold and silver with a Kinesis card through the Velocity Yield.
- Over 6,000 brands offering exclusive savings.
- Shop across 24 categories, from travel and luxury to entertainment and more.
- Free to join – sign up & verify your Kinesis account to access the Metalback hub.

Check out the full company news article here:

Kinesis Launches Metalback | Kinesis

Offering up to 10% in gold on everyday purchases from over 6,000 retailers worldwide.

kinesis.money

 

[AlM]

X link. The other aspect is that even the multi £$€¥b stores want new channels and customers, so in X etc use their @ handles.

x.com

x.com

 

[Rhyno]

X link. The other aspect is that even the multi £$€¥b stores want new channels and customers, so in X etc use their @ handles.

x.com

x.com

Get #Metalback is genius

 

[ctharvey]

How Metalback benefits you | Kinesis

Learn how the benefit of the Metalback program goes beyond the individual and rewards each and every user within the Kinesis Monetary System.

kinesis.money

 

[TSilver]

when can we expect Metalback to be available in Canada?

 

[Uchiki]

I'd love to see the program expanded to everyday or high value/volume purchases - think supermarkets, petrol stations, energy retailers, telcos, insurance companies etc.

If you're in the UK, there are a number of offerings in these areas that you mentioned:

• insurance (primarily comparison aggregators)
• broadband/mobile plans

There are a couple for comparison aggregators (switching services) for energy utilities, but that's a one off to get your business.

There are also several (but not all) supermarkets.
The best rewards are for the initial signing up for an online click and collect/delivery account.
While it's likely possible to finesse them with some thought/planning, you have to factor eg delivery costs against the reward.

Getting an ongoing % on the real core, low margin essentials is going to be difficult.
I guess the sellers know that they will get the business anyway and there are perhaps better ways of targeting market share, including cutting sticker prices for everyone.

I think for these type of basics, that's where the other upcoming Metalback offering - on all spends on the Kinesis debit card - will really play in.

Metalback on all spending - we now have like a of a virtual card that's going to be super attractive, super usable, really rewarding, and then there's even a cashback component that will be coming into the card, but will be kind of a Metalback component above and beyond the merchants.

On a personal basis, I've already identified a number of UK merchants that are part of the scheme that I would buy from anyway and will definitely be doing that via Metalback.

 

[Uchiki]

when can we expect Metalback to be available in Canada?

Worth looking over this article.

https://support.kinesis.money/hc/en-gb/articles/21524198727581-In-which-countries-is-Metalback-available

While it doesn't answer your direct question, you may be able to take advantage of purchasing from US merchants that are part of the scheme and still benefit from the Metalback incentives.

 

[Schlepti]

I have just made a booking through Trip.com with 4% MetalBack. I look forward to seeing this in action. Especially given it is a work trip with the gold paid to me

 

[AlM]

Thank you @Schlepti and I mean it.

I hadn't realised that via Metalback Kinesis will add the same amount of gold to the MFP that you receive, to a maximum of 10%. So bon voyage.

If I've got this wrong, please someone correct me. Look at the fees from trading & VDC spend by comparison and see that Metalback will have a huge impact on the MFP.

If we want the system to grow, using Metalback for everyday spending, where it makes sense, is key. Easy onramps are essential.

Which other company does this?

 

[s5072]

Gold dust baby!

View attachment 7207

Is this an email? How long did it take for you to receive this message after the purchase?

 

[Schlepti]

Thank you @Schlepti and I mean it.

I hadn't realised that via Metalback Kinesis will add the same amount of gold to the MFP that you receive, to a maximum of 10%. So bon voyage.

If I've got this wrong, please someone correct me. Look at the fees from trading & VDC spend by comparison and see that Metalback will have a huge impact on the MFP.

If we want the system to grow, using Metalback for everyday spending, where it makes sense, is key. Easy onramps are essential.

Which other company does this?

Now I just have to convince my boss that he should do the same for everything he books, and we have wins all round. (After I refer his account first of course)

My one comment would be that Cash Rewards, an Australian cash equivalent of this program, actually has 8% back with trip.com so the wise option would be to use that. Despite this, there's something exciting about MetalBack that makes it more attractive even though technically the lower value option.

 

[Gary L]

I think I saw something in the fine print that this is only for personal use and not business.

 

[Schlepti]

I think I saw something in the fine print that this is only for personal use and not business.

In that case, I can't wait for my definitely for leisure stay

 

[Gary L]

I just checked the T&Cs. I remembered correctly:

1.4. You are only permitted to use this Store for your own private and non-commercial use.

Terms and conditions

Review the Kinesis Terms and Conditions to understand our user agreement, policies, and guidelines for using our digital asset platform.

kinesis.money

 

[Denpansar]

Well done Kinesis!! I think this will become a great scheme. Hopefully we will see an uptick in the MFP especially as Indonesia appears to be started to be promoted to ptpos staff.

 

[Uchiki]

My one comment would be that Cash Rewards, an Australian cash equivalent of this program, actually has 8% back with trip.com so the wise option would be to use that. Despite this, there's something exciting about MetalBack that makes it more attractive even though technically the lower value option.

Something to bear in mind is that of the merchant rebate received by Kinesis, half goes to the purchaser and half to the fee pool.

From the recent email:
For all Metalback earned by users, Kinesis makes an equal contribution to the Master Fee Pool.

For example, if a user earns 10% Metalback on a purchase, Kinesis will match it with a 10% contribution to the Master Fee Pool.

Note: this contribution is not taken from the purchase cost, but shared directly from the merchant.

 

[Gary L]

I had to buy some tick treatments for our dogs. I checked via Kinesis and there is Pet Barn with 1% MetalBack. Paid about $200. That’s about $2 KAU back to me and $2 KAU to the MFP. So this is the first example of commercialisation. Wow! This undoubtedly will be popular and powerful.

 

[Alexgeo]

I had to buy some tick treatments for our dogs. I checked via Kinesis and there is Pet Barn with 1% MetalBack. Paid about $200. That’s about $2 KAU back to me and $2 KAU to the MFP. So this is the first example of commercialisation. Wow! This undoubtedly will be popular and powerful.
View attachment 7222

And that is only from one user. Imagine 10,000 people making purchases and everyone providing $2-3 to the MFP. That’s like $30K and because people bought products they needed. #Metalback is awesome and it can bring huge value to the KMS

 

[Rhyno]

1.4. You are only permitted to use this Store for your own private and non-commercial use.

This is an interesting question. I've already used it on a business account and got the pending metalback email. If it was not allowed, I would think business accounts would not be whitelisted for the program.

My read on this is that "commercially" means that it can't be used for resale. If a business uses it for their operations it should be allowed.

 

[Randall Mark Trainer]

I live in the Republic of Georgia on the Black Sea. It is a free, peaceful, low-crime, and rapidly-progressing country with excellent banking which is no threat to any other country. But I have never been able to get a Kinesis debit card (even virtual) here, after trying for several years. Can someone tell me if any portion of this Metalback program is available to me now, and how to get set up for it? I have bank cards from Georgia and several other countries. I routinely order merchandise and services from other countries for shipment here, often through freight-forwarders.

 

[Dante Roman]

I live in the Republic of Georgia on the Black Sea. It is a free, peaceful, low-crime, and rapidly-progressing country with excellent banking which is no threat to any other country. But I have never been able to get a Kinesis debit card (even virtual) here, after trying for several years. Can someone tell me if any portion of this Metalback program is available to me now, and how to get set up for it? I have bank cards from Georgia and several other countries. I routinely order merchandise and services from other countries for shipment here, often through freight-forwarders.

I don't believe there would be a restriction on where you live, only where you order from. The country search in Metalback has to do with retailer location is my understanding.

Restriction would be if you can order from a listed overseas retailer, and if it can be delivered to you / the cost to do so.